Weekly Update Aug 1: Consumer Product Safety, Cambodia Trade & Investment, Business Networking Night


Tu, Aug 2: Legal & VBF Liaison Committee Meeting
Th, Aug 11: Members Lunch – Consumer Product Safety
Th, Aug 18: Members Lunch – Cambodia Investment Opportunities
Th, Aug 18: Business Networking – Specific Project Professional Indemnity Insurance
Tu-We, Aug 30-31, Business Mission to Laos
Fr, Sep 2 Vietnam’s National Foundation Day
Sa, Sep 17 International Coastal Cleanup Day
Mo, Sep 19 Global Economic Outlook: 2011-2012
Sa, Sep 24 – Sa, Dec 3 AmCham Scholarship 2011
Photo Highights: AmCham’s July 4th Picnic
AmCham’s World Blood Donor Day in the News
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Developing a 21st Century Workforce in Vietnam

May – November is “Typhoon Season” in the NW Pacific.
On average, 27 tropical storms form in this basin every year.
Click the image at left to visit our “Weather” page for updates on tropical storms.

Events, Meetings, Activities, and Special Offers for Members

ASEAN Economic Integration Scorecard – Questionnaire Findings will be presented to the ASEAN Economic Ministers at their August 13, 2011 ASEAN Trade Facilitation forum in Manado, Indonesia. Please complete the brief questionnaire.

Sa, until Sep 24, Saturday Brunch at Legend Hotel Saigon Why wait until Sunday to enjoy brunch? This Saturday take your family out for an unforgettable brunch experience at Legend Hotel Saigon. The luxury river-front five-star international hotel is offering buffet brunch not only on Sundays but on Saturdays as well from now until Sep 24.

Your Online Rewards with Xuan Spa Daydreaming about a refreshing, revitalising therapy at Xuan Spa to escape the summer heat? All it takes is a few clicks online to reawaken your spirit, and harmonize your body, mind and soul. Be pampered by the cooling scents of the tropical charm at Xuan Spa and be spoiled with a 10% discount off your next treatment. That’s right. You’re not dreaming.

Raffle Prize Winners, USA Independence Day Celebration & Family Picnic, July 2, 2011

Until Aug 28, Legend Hotel Saigon’s Weekend Getaway Package The hotel is once again offering Vietnamese and expatriates residing in Vietnam with Weekend Getaway Package at only US$ 99++ per night for single or double occupancy in a Deluxe Room with several special benefits.

Th, Aug 11: Members Lunch – Consumer Product Safety Learn how the U.S. Consumer Product Safety Commission is working with producers and exporters to reduce and eliminate unsafe goods.

Th, Aug 18: Members Lunch – Cambodia Investment Opportunities Strategically located between Thailand’s Eastern Seaboard (“Detroit East”) and Vietnam’s growth-leading region around HCM City and the Mekong Delta, Cambodia is closing the gap to become part of the action, with cross-border road networks, nationwide communications, and comprehensive reform and long range development programs.

Th, Aug 18: Business Networking – Specific Project Professional Indemnity Insurance Much more attention is now given to insuring major project legal liabilities. In particular, there is increasing focus on the professional liabilities of engineers, architects and other construction consultants and the importance of Specific Project Professional Indemnity Insurance (SPPI).

Tu-We, Aug 30-31, Business Mission to Laos Organized by U.S. Embassy Thailand and AmCham Thailand. Meet with government officials such as the Deputy Prime Minister, Dr. Thongloun Sisoulith, and the Minister of Industry and Commerce, Madame Khemmani Pholsena, Laos-based entrepreneurs. Learn about opportunities and challenges of doing business in Laos.

Sa, Sep 17 International Coastal Cleanup Day, 2011 Please join us, and the global movement that is giving back to our ocean, by spending just one day cleaning up trash from our world’s waterways and oceans.

Mo, Sep 19 Global Economic Outlook: 2011-2012 The future outlook of US, Europe and Asian economies; and at the end some comments on Vietnam

Sa, Sep 24 – Sa, Dec 3 AmCham Scholarship Program AmCham will grant scholarships to 40 top students in partnership with Vietnam National University – Ho Chi Minh City (VNU-HCM), Banking University, Foreign Trade University in Ho Chi Minh City, Ho Chi Minh City University of Law and Hoa Sen University.

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Stay informed about Vietnam-U.S. trade and investment with Weekly Updates (Past Issues).

News and Issues Updates

Honda to Build Third Motorcycle Production Plant in Vietnam The addition of the third plant will increase Honda Vietnam’s production capacity by 500,000 to reach 2.5 million units/year.

ASEAN Foreign Ministers meet with partners in Bali, Indonesia, Jul 21 They confirmed their commitments to the Declaration on the Conduct of Parties in the East Sea (DOC) and the full and effective implementation of the DOC for peace, stability, security and maritime safety in the region.

Amid efforts on Korea, U.S. seeks Asia inroads with the Lower Mekong Initiative U.S. Secretary of State Clinton declared support for moves to ease tensions in the Koreas and in the South China Sea, a resource-rich area that has seen a growing number of disputes in recent months because of competing territorial claims from China, Vietnam, the Philippines and other Asian nations.

Skilled Foreign Staff Welcomed “This is aimed at helping local enterprises improve their competitiveness. Moreover, the skilled and experienced foreign employees can give training to local workers so that the latter can stand on their own feet in the future.”

HCM City aims to end strikes Party Secretary Le Thanh Hai said that strikes are very serious in the city (HCM City has 1.5 million workers, 1 out of 12 workers is involved in strikes). The city needs to deal with two issues: taking care of the life of workers and assisting businesses to deal with difficulties.

Code labours to strike right balance The draft Labour Code is one of the most important laws Vietnam will adopt in this decade. It is a pillar in the foundation of Vietnam’s competitiveness in global markets. The extensive consultations by the diverse stakeholders in the draft amendments and the progress that has been achieved through them are an encouraging sign that this process will reach a successful balancing of interests, but success should never be taken for granted.

Developing a 21st Century Workforce in Vietnam Vietnam’s top technical universities, working with universities in the U.S., Intel, and the U.S. and Vietnamese governments, have embarked on an ambitious initiative to modernize their engineering degree programs, in the “Higher Engineering Education Alliance Program.”

Vietnam Competitiveness Report, 2010 – Michael Porter, et. al. Vietnam’s growth since the mid-1980s has been driven by transition and structural change. More recently, the policy response mainly focuses on intensifying investment, especially in SOEs and infrastructure, to generate growth rather than on upgrading productivity and efficiency. But the economic logic behind this growth model ultimately has limited potential.

Vietnam Provincial Competitiveness Index, 2010 Using new survey data from 7,300 businesses in Vietnam that describe firm perceptions of their local business environments and hard data, the PCI 2010 continues to benchmark the capacity of local governments to develop regulatory environments for private sector development. The PCI 2010 report includes a special feature on survey results from 1,155 foreign invested enterprises.

Click this link to read News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Last week’s most popular links to events and articles

Photo Highights: AmCham’s July 4th Picnic
ASEAN Economic Integration Scorecard
AmCham Scholarship 2011
Top Ten Basics of Foreign Corrupt Practices Act Compliance for the Small Legal Department
2011 International Coastal Clean Up Day, Sa, Sep 17
Asian Development Bank “Skills Enhancement Project” Loan to Vietnam, 2010 – 2016

Recent Events and Information Resources on AmCham Web Site

Event Presentations and PHOTO ALBUMS Did you miss an AmCham event? Were you there but wanted to have a copy of the presentation? Didn’t get the business card of the person you were talking with? Now you can download the presentations by clicking on the above link. Also, you can see a list of people that attended the event, with links to their company contact information.

Click the following links for recent event information and to download presentations

Jul 7Crisis Management: How to Manage a Crisis that Hurts Your Company’s Reputation
.Presentation: Crisis Management
Jul 2Photo Highights: AmCham’s July 4th Picnic
Jun 17Members Night TPP Briefing & Networking
.Photo album (11 photos)
Jun 14World Blood Donor Day 2011
.News Highights: AmCham’s World Blood Donor Day
.Photo album (33 photos)
Jun 3Joint Chambers Revised Labour Code Workshop
.Photo album (9 photos)
Jun 1Customers: Who Cares? – Theory and Reality of the Customer Value Proposition
.Presentation: Customer Value Proposition
.Photo album (10 photos)
May 27AmCham Dalat Weekend, Fr- Su, May 27-29, 2011
.Photo album (20 photos)
May 20AmCham HR Committee Information Session: Revised Labour Code
.Photo Albums (23 photos)
May 17Members Night and Networking Cocktail Reception
.Photo Albums (40 photos)

Online Membership Directory Looking for information on AmCham companies? Click here to browse the Online Membership Directory for information about and contact points for nearly 500 AmCham companies, and over 1,000 representatives. Members can contact other members by email via the AmCham web site. Also, links to company web sites for even more information about AmCham companies in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with over 250,000+ visitors and 350,000+ page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to over 1,000 representatives of nearly 500 AmCham companies, plus over 5,000 subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

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Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates (Past Issues).