Weekly Update Aug 8: Consumer Product Safety, Cambodia Trade & Investment, Business Networking Night


Th, Aug 11: Members Lunch – Consumer Product Safety
Th, Aug 18: Breakfast Briefing – 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 – Nov is Typhoon Season in the NW Pacific. On average, 27 tropical storms form in this basin every year.
Click the link to visit our “Weather” page for updates on tropical storms.

Events, Meetings, Activities, and Special Offers for Members

Sa-Fr, Aug 6 -19, Champagne and Chocolate Dipped Strawberries at Caravelle Hotel A flute of Taittinger Champagne, half a dozen fresh strawberries and high-quality melted chocolate is priced at vnd 380,000 net. Share with friends or treat yourself to this lovely trio.

“Sweet August” set dinner at Charner Café at vnd 490,000 for two persons Located at the corner of two most beautiful boulevards in central of HCMC – Lê Lợi St and Nguyễn Huệ Blvd, Charner Café offers supreme coffee, dining, and classical style of Europe with friendly services.

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-Fr, Aug 11-19 Favourite Flemish Crepes at Caravelle There’s only one way to top the view from the Caravelle’s Saigon Saigon Bar, and it’s with maple syrup. The iconic Saigon Saigon Bar is giving guests a sweet new reason to ride the elevator up to the rooftop perch, with a week-long crepe promotion that envelops everyone’s favorite ingredients and some surprises.

Th, Aug 18: Breakfast Briefing – 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.

Thu, Sep 15 Making the right decision in choosing a hotel operator a Hospitality Management Conference designed for Hotel Owners, Investors and Operators. This one day in-depth conference focuses on the practical side of working with Hotel & Resort Management Companies. It is a comprehensive conference aimed at enhancing your hospitality assets.

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

S&P Strips U.S. of Top Credit Rating U.S. Treasury says “A judgment flawed by a $ 2 trillion error speaks for itself.”

S&P: USA Long-Term Rating Lowered to “AA+” On Political Risks and Rising Debt Burden Fitch Ratings, Moody’s maintain AAA. S&P says: The fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.

Moody’s, Fitch Ratings confirm USA ratings at AAA, but with negative outlook The debt limit increase is “a first step towards long-term fiscal consolidation.”

Vietnam aims to cut bank lending rates to between 17 pct and 19 pct but maintain tight policy in the face of soaring inflation.

Vietnam plans to raise $ 48.8 billion for power projects in 2011-2020 The country’s total installed power-generation capacity is expected to reach 75 gigawatts in 2020, compared with 21 gigawatts at the end of 2010, with coal-fired plants accounting for 48%.

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

Breakfast Briefing: Cambodia Investment Opportunities
Business Networking Night: Specific Project Professional Indemnity Insurance
Members Lunch: Consumer Product Safety
Business Mission to Laos, Aug 30-31
Photo Highights: AmCham’s July 4th Picnic

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).