Weekly Update Aug 27: Networking Night, Coastal Clean Up, Palooza Party

Highlights

Th, Aug 30 U.S.-ASEAN Business Summit • Digital Economy
Mo, Sep 3 Vietnam’s National Foundation Day (observed)
Th, Sep 6 Dr. Le Dang Doanh: Revitalizing the Vietnamese Miracle
Th, Sep 6 Food Industry Summit, Jakarta, Indonesia
Sa, Sep 8 AmCham Scholarship Information Session
Sa, Sep 15 2012 International Coastal Cleanup Day
In Vietnam, Growing Fears of an Economic Meltdown: NY Times
A dear price to pay: ACB and HCMC stock market
FDI into Vietnam continues to plunge in first seven months – down 67%
Viet Nam may run out of funds for pensions
Minimum Wage Adjustment Proposed for 2013
Why I’m leaving China … for India, Vietnam, and ASEAN
“South China Sea” • U.S. Department of State Press Release
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites

Events, Meetings, Activities, and Special Offers

Th, Sep 6 Dr. Le Dang Doanh: Revitalizing the Vietnamese Miracle – Outlook for 2012-2013 Stabilization policies since Feb 2011 have slowed credit growth, inflation, and economic growth. However, lack of progress on SOE reform, plunging FDI, and continuing low productivity growth have led some observers to talk about “the end of the Vietnamese miracle,” as Indonesia, Bangladesh, Myanmar seem more attractive investment destinations than Vietnam. What steps can government and business take to revitalize Vietnam’s “economic miracle” of stable and sustainable economic growth? And how will this affect your business, and trade and investment between Vietnam and the U.S.?

Welcome to new AmCham companies 63 new companies have joined AmCham in Jan-Aug. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Special Fare For AmCham Members from Korean Air Up to 13% discount for all AmCham members on fares to the United States, Korea, Japan and China. Save your traveling costs and enjoy excellent service with Korean Air.

Commemorate Our National Day with the Local Residents’ Package at The Nam Hai from VND 5,460,000 per night. The Nam Hai celebrates as Vietnam marks its 67th year of independence. We are honored to be a part of the country’s achievements in tourism. Join us as we continue to raise the Vietnamese flag far and wide, to entice visitors to explore this spectacularly beautiful destination!

Sa-Mo, Oct 13 – 15 Oxen Race in the Mekong Delta with Victoria Chau Doc Hotel The Khmer Dolta Festival is a unique tradition of the Mekong Delta people, in An Giang province. Celebrating the planting of the autumn-winter crops, it features colorful parades, family dinners, cultural shows, dancing – and the famous oxen races. The race is open to contestants not only from An Giang Province, but also from other nearby provinces, and even from localities in Cambodia’s Takeo Province.

Sa-Mo, Sep 1 – 3 Vietnam National Day Celebration at Legend Hotel Saigon Join your friends and family at the hotel’s renowned Atrium Cafe on these holidays for Saigon’s most spectacular international buffet, added with local favorites.

Special Opportunity to be ELKEN’s Frontline Distributor ELKEN is the Asia’s leading direct seller with health care, body & beauty care, home care products.

Th, Sep 6 Food Industry Summit, Jakarta: A Shared Vision in ASEAN To foster dialogue between leading industry associations in Asia, and share experiences of trade and regulatory priorities.

Sa, Sep 15 2012 International Coastal Cleanup Day Join AmCham companies and almost 700 volunteers. Let’s clean up Vietnam’s coast. Whether you live near the coast or thousands of miles inland, we are all connected to the ocean. It drives and moderates our climate, it helps provide the rain and the water we drink, the air we breathe, and much of the food we eat. The ocean also absorbs much of the pollution we generate. And trash that falls from our hands is one of the most pervasive pollution problems facing our world’s ocean. But it doesn’t have to be!! Keeping our ocean free from trash is one of the easiest things we can do to help protect it.

AmCham Scholarship 2012 • Sep – Nov AmCham will grant scholarships to up to 45 top students from universities in HCM City.

Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites More than 6 million Americans live overseas. If the overseas American community were a state, we would be the 18th most-populous state in the union. Our votes count … click the link to register online, get a ballot, and vote.

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

In Vietnam, Growing Fears of an Economic Meltdown: NY Times “Everyone wants to sell, but they can’t, even if they lower the price. There are no customers.”

A dear price to pay In the wake of the arrest on Nguyen Duc Kien, trillions of vnd have been withdrawn from ACB. And, the price to pay is even greater as within just three

Minimum Wage Adjustment Proposed for 2013 The MOLISA Department of Salaries and Wages will meet with companies in August before making its final decision.

Apparel firms lower export outlook The apparel industry accounts for 15-16 per cent of Vietnam’s total exports, and employs 2.5 million workers. The industry’s long-time advantage of cheap human resources has also mostly evaporated. In the first seven months, the sector’s export growth was at 8.8 per cent, much lower than the country’s general year-on-year export growth of 19 per cent.

FDI into Vietnam continues its plunge during first seven months – down 67% year-on-year New FDI reached $ 5.2 billion, or about 56 per cent of the number at the same time last year. Expanding capital in existing projects “surged” by 5.2%

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

Last week’s most popular links to events and articles

Why I’m leaving China … for India, Vietnam, and ASEAN
How to successfully penetrate the U.S. market
Dr. Le Dang Doanh: Revitalizing Vietnam’s Economic Miracle
“South China Sea” • U.S. Department of State Press Release
FDI into Vietnam continues to plunge in first seven months – down 67%
Viet Nam may run out of funds for pensions
Th, Sep 6 Food Industry Summit
Welcome to new AmCham companies • Jan ~ Aug 2012
Other popular information downloads

Recent Events and Information Resources

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.

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 about 1,000 representatives of nearly 500 AmCham companies, plus about 3,000 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).