Weekly Update Dec 17: Membership & Directory, Christmas, New Year’s and TET

Highlights

Winners’ List … Prizes and Silent Auction Items at the Governors’ Ball
Mo-Tu, Jan 14-15 Lower Mekong Initiative Infrastructure Best Practices Exchange
We, Jan 23 The Year Ahead: Summary & Outlook 2013 (CanCham Event)
Sa, Feb 9 – Su, Feb 17 TET Lunar New Year Holidays • 9 days • Plan ahead …
Business leaders discuss investment environment at VBF
Vietnam Empty Office Towers Show Dreams Turned to Rubble
SOEs debts up 19% over 2011, equal 65% of Vietnam’s GDP
Rampant corruption in Vietnam: #1 Concern of Vietnamese Citizens

Events, Meetings, Activities, and Special Offers

AmCham Membership Directory 2013 to be printed in February, and delivered after TET. AmCham Members update or provide company profiles to Cindy Tran no later than December 30, 2012. As you plan your marketing activities, be sure to consider this annual publication which is used daily by members and employees at AmCham’s more than 700 member companies, with over 1,400 representatives.

Sa, Dec 8 AmCham Governors’ Ball • Christmas in San Francisco Click the link for photo gallery, video clips, and list of winners of many wonderful prizes and silent auction items !!

Welcome to new AmCham companies 83 new companies have joined AmCham in 2012. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Connect with your customer and make a trade together “You can have my attention if you give me something of value… I’ll give you my purchase if you give me more than what I purchased” – Customers

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.

Park Hyatt Saigon is Making Spirits Bright This Holiday Season Make this year’s festive celebrations a jolly affair with Christmas Eve, Christmas Day, New Year’s Day at the Opera or Square One. Ring in the New Year with glitz and glamour countdown New Year’s Celebration at the Park Lounge and 2 Lam Son. And carolers will perform a variety of Christmas songs as they move through the Park Lounge, Opera, and Square One on Christmas Eve and Christmas Day.

Festive Season Celebrations at Sheraton Saigon Hotel & Towers Enjoy many festive celebrations at Sheraton Saigon Hotel & Towers throughout the month of December.

Festive Activities at Renaissance Riverside Hotel Saigon As we continue to move closer to the New Year, we are becoming accustomed to the rhythm of the Year of the Snake. Our year end festive activities and the multiple possibilities to help you celebrate Christmas and New Year in style.

Legendary Christmas and New Year at Legend Hotel Saigon Feast on extravagant buffet with novelties while enjoying stunning live entertainment. Santa will visit with gifts for all children at Christmas. Many special prizes await lucky diners.

Dec 17, 2012 – Jan 6, 2013 Legend Hotel Saigon’s Festive Package The luxury river-front five-star international hotel is offering Festive Package from 17 December 2012 until 6 January 2013. Applicable to Vietnamese and expatriates residing in Vietnam, the package is priced at only VND 2,121,212++ per night for single or double occupancy in a Deluxe Room with several special benefits.

Tu, Dec 25 Christmas Day Celebration at Caravelle Hotel Call on your friends, ring up the relatives, invite the whole family–dining on Christmas Day is an experience to be shared. Together with a free flow of top wines and cocktails, the kitchen will keep the buffet loaded with everyone’s favourite holiday dishes while action stations will serve up mouth-watering portions of prime cuts and fresh seafood.

Dec 24-25 Celebrate Christmas at New World Hotel Saigon Enjoy Christmas with delightful yuletide dining atmosphere, live entertainment and special treats from Santa Claus.

Mo, Dec 31 New Year’s Eve Celebration at Caravelle Hotel Celebrate the last meal of 2012 at one of the most scenic tables in town. The Caravelle’s fine-dining restaurant Reflections is holding a decadent New Year’s Eve Gala Dinner on the evening of December 31. Diners can indulge in a six-course menu prepared by the hotel’s chefs, complemented by the soothing strains of a live jazz quartet.

Sa, Feb 9 – Su, Feb 17 TET Lunar New Year Holidays • 9 days • Plan ahead … Traditionally there are four main holidays: TET New Year’s Eve (Sa, Feb 9, 2013), and TET New Year’s Day (The First ) (Su, Feb 10, 2013), Second (Mo, Feb 11, 2013), and Third (Tu, Feb 12, 2013) Days of TET Nguyen Dan. However, since two of the official holidays are on the weekend, the holidays are observed on Sat, Feb 9 – Sun, Feb 17 (nine days). The Vietnamese traditionally celebrate Tet for one month: from the fifteenth day of the twelfth lunar month to the fifteenth day of the first lunar month. And even today, business slows two weeks before and up to two weeks after TET. Plan ahead … TET is less than three months away.

Feb 24-28 U.S. Chamber of Commerce Business Mission to Yangon and Naypyidaw, Myanmar The delegation will seek meetings with the U.S. Embassy and Myanmar’s key government officials to assess the business climate in Myanmar and discuss the challenges to the full normalization of economic relations. For more information, please contact John Goyer, U.S. Chamber of Commerce

Mar 2 – 5, 2013 International Home + Housewares Show 2013 in Chicago USA… Join us as an Exhibitor or Attendee. 2,100 Exhibitors from 6 continents, 60,000 professionals from 125 countries. Contact [email protected] for more information. Profit from inspiring ideas, qualified partnerships and global innovation in the home and housewares industry.

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

Mr. Simon Leslie will assume the position of headmaster of ISHCMC for the 2013/2014 school year On November 13th 2012, The International School Ho Chi Minh City (ISHCMC) announced that Mr. Simon Leslie will assume the position of headmaster for the 2013/2014 school year. With extensive educational leadership experience, Mr. Leslie is well equipped to guide ISHCMC, one of Ho Chi Minh City’s leading educational institutions into its next phase of academic growth.

Business leaders discuss investment environment at Vietnam Business Forum “Urgent reforms are strongly needed,” with focus on reform of the banking system and of SOEs to head for sound sustainable economic growth.

Vietnam Empty Office Towers Show Dreams Turned to Rubble “When the developer is a state-owned enterprise and is using the money it should be using for say, power generation, airlines, shipping or banking, that’s where the oversupply has come. They all felt they could make easy money by being a property developer.”

P&G expands its pampers plant in Binh Duong Vietnam is one of P&G’s priority investment markets since Vietnam is its fastest growing market world-wide in three consecutive years. And P&G exports more than 30% of its production to markets such as Australia, New Zealand, Japan, Korea, India and ASEAN.

Vietnam – U.S. Trade Status and Outlook, 2012 – 2015e Bilateral trade in 2012 may increase by about 12% over 2011, despite the difficult domestic and international economic environment. Growth of Vietnam’s apparel exports to the U.S. is likely to slow because of rising costs in Vietnam, increased competition from other supplier countries, and reduced demand in the United States.

Rampant corruption in Vietnam: most common in traffic, land management, customs, and construction Corruption is the main concern of Vietnamese people, followed by high prices and traffic accidents. Over 82% said corruption was widespread. And more than 75% said corruption was a serious problem for the country. World Bank-Inspector General’s Office Joint Report.

APEC Business Travel Card – Join the U.S. “Global Entry Trusted Traveler” Program Now Speed up your entry through immigration when traveling in the Asia Pacific Economic Cooperation (APEC) region.

Global Entry Trusted Traveler Program – TSA Pre-Check Expedited Screening Complete the application on-line, and schedule the required interview at an airport on your next trip to the USA. Also, Global Entry Trusted Travelers may benefit from expedited security screening for domestic travel at a number of U.S. airports.

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

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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).