Weekly Update Dec 24: 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 Idea Foundry • for Business Creation and Entrepreneurial Accelerator
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 …
Su-Th, Feb 24-28 U.S. Chamber of Commerce Mission to Myanmar
Sa-Tu Mar 2 – 5 International Home + Housewares Show in Chicago
Th-Fr, Mar 21-22, 2013 APCAC Spring Conference
Mo-Tu, Apr 8-9 Asia Pacific Business Outlook, Los Angeles
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.

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.

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 !!

We, Jan 23 Idea Foundry – Support for Business Creation and Entrepreneurial Accelerator in Vietnam Realizing the similarity between Pittsburgh city economic development history and the current stage of Vietnam’s economic landscape, Idea Foundry, a non-profit-organization founded in 2002 in Pittsburgh, Pennsylvania, U.S.A would like to introduce our programs to Vietnamese entrepreneurs, to assist Vietnam in its long-term economic and social development process.

Enjoy luxurious living and convenient working spaces at The Landmark Saigon Designed to meet the needs of international businesses, The Landmark offers 10,000 square metres of office space, 65 serviced apartments, a Health Club with a rooftop swimming pool and a squash court and superb views of the Saigon River, creating your home address in Saigon. The Landmark is now offering office spaces ranging from 100 to 600 square metres.

We, Jan 23 The Year Ahead: Summary & Outlook 2013 (CanCham Event) Well-known guest speakers from a variety of business sectors will share their outlooks, identify challenges and opportunities in the Year of the Snake.

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.

Th-Fr, Mar 21-22, 2013 APCAC Spring Conference Join senior-level executives and other dignitaries from Taiwan and throughout the region, as well as the United States, for networking and in-depth discussion of key issues facing the multinational business community. The gala dinner on March 21, held jointly with Hsieh Nien Fan, will feature a keynote address by President Ma Ying-jeou.

Regus will help you work your way Regus provides modern, flexible workspace that frees businesses of all sizes, all over the world, to work more effectively. Companies can take a fully-equipped office, desks to use part time, rent a professional meeting room. However they use Regus, they get all the support a business needs.

Till Dec 31 Fabulous Holiday Gift Season Enjoy 20%-50% off on all items of Emporio Armani at Vincom Center.

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 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 offer multiple possibilities to help you celebrate Christmas and New Year in style.

Dec 24-31 Year-End Drums Party at Saigon Saigon Bar The drums are coming to town. The Caravelle is taking on the popular Cuban street festival with a week-long party to celebrate the end of 2012, complete with potent cocktails, feathered costumes, samba dancers and non-stop music.

Dec 31 New Year’s Eve at New World Hotel Saigon Celebrate this special night and ring in the New Year with your friends and family at New World Hotel Saigon

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 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. Your opportunity to see first-hand consumer lifestyle and product trends for all areas of the home, both inside and out, under one roof. Click this link to: watch the videos of the 2012 International Home + Housewares Show

APBO Asia Pacific Business Outlook 2013 Apr 8-9
Mo-Tu, Apr 8-9 Asia Pacific Business Outlook, University of Southern California The annual Asia Pacific Business Outlook is the premier conference for exporters and investors targeting Asian markets. Get key intelligence on 17 markets by choosing from 60 focused sessions and private one-on-one consultations.

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

Vietnam’s apparel producers gear up to prepare for TPP Senior VITAS Adviser Le Quoc An said he personally had received at least 10 invitations for cooperation from companies from Singapore, Hong Kong and China, who wanted to set up textile factories in Vietnam. In 2012, Vietnam exports of apparel to the U.S. will be about US$ 7.6 billion. And with the current growth rate, about $ 13 billion by 2020. However, with the Trans–Pacific Partnership agreement (TPP), the figure could be as high as US$ 22 billion by 2020.

Chicago’s Mayor Emanuel to take 10-day trip with family to Vietnam (Chicago Tribune) He will return to Chicago after New Year’s and has planned his next public appearance for Jan. 3.

Vietnam cuts interest rates sixth time this year to spur growth Vietnam’s central bank cut interest rates for a sixth time this year and lowered the cap on deposit interest rates to spur economic growth even as the World Bank warned against easing monetary policy too soon.

Vietnam Must Restructure Projects Funded by ADB: MoPI The ADB has provided Vietnam total of 11 non-refundable loans for 56 projects worth $ 7.4 billion and 50 preferential loans. $ 6 billion has not disbursed, reflecting implementation of ADB projects delayed, arising problems such as increasing operating costs for management, high interest and opportunity to benefit was cut-short.

Adidas Vietnam under the tax authorities’ microscope (TP) The General Department of Taxation has asked the HCM City tax office to review the relations between Adidas Vietnam and a number of companies in the global system of Adidas to determine the costs that this firm declared for tax calculation.

Sumitomo Life to buy HSBC’s stake in Vietnam insurer Sumitomo Life Insurance Co said it is buying HSBC Holding’s 18 percent stake in Vietnamese insurer Baoviet Holdings BVH.HM for about $ 340 million, the latest Japanese acquisition in Southeast Asia.

Dispute flares over energy in the East Sea Vietnam accused a Chinese fishing boat of cutting a seismic cable attached to one of its vessels exploring for oil and gas near the Gulf of Tonkin, an act apparently intended to inhibit Vietnam from pursuing energy deposits.

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 – 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.

Most popular last week

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Winners’ List … Prizes and Silent Auction Items at the Governors’ Ball
Rampant corruption in Vietnam: #1 Concern of Vietnamese Citizens

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).