Weekly Update Feb 13: US Taxation (Feb 17), Baker & McKenzie Global Chairman, Winter Weekend

Highlights

Fr, Feb 17 Lunch: U.S. Taxation: A Territorial Approach
Survey re: Career Fair 2012
Fr, Feb 17 Vietnam’s Tertiary Education: Preparing Graduates for Work?
Fr, Feb 24 Lunch: Competing in an Uncertain Global Economy • Baker & McKenzie Global Chairman
Fr-Su, Feb 24-26 Winter Weekend: Register Now
Wed, Feb 29 AmCham Palooza Party
Th-Fr, Mar 1-2 APCAC 2012 U.S. – Asia Business Summit (Tokyo)
Fr, Mar 16 Brkfst Briefing: Social Media • Online Safety for Children
Mo-Tu, Mar 26-27 Asia Pacific Business Outlook 2012 (Los Angeles)
VGCL wants higher minimum wage, same overtime
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e
Volvo Round-the-World Ocean Race Off Coast of Vietnam (YouTube)
What is Corporate Social Responsibility (CSR) … ?

Events, Meetings, Activities, and Special Offers

Asia Pacific Business Outlook, 2012 (Mar 26-27) #4

Every Sunday, Taittinger Champagne Brunch at Caravelle Put a Fine Finish on your week. Refines and redefines your Sunday Mornings. The most succulent brunch in town. Indulge at the oyster bar and the lobster station. Choose from a selection of roast meats, caviar, and more than twenty desserts.

Fr, Feb 17 Lunch: U.S. Taxation of US Citizens and Companies: The Arguments for a Territorial Approach Unlike every other developed country, the U.S. imposes tax on the worldwide income of its citizens and permanent residents who live overseas. The US imposes high corporate income tax rates on US multinationals as well as complex “controlled foreign corporation” rules and reporting obligations. This year international tax issues have become a hot topic of debate in the US. Key elements of the US international tax rules as they affect US citizens and companies operating in Asia, including the section 911 foreign earned income exclusion, and reasons why the US should move to more of a territorial system of taxation.

Survey re: Career Fair 2012 Over 400 AmCham Scholarships have been awarded to Vietnamese graduating college seniors over the period 2001-2011. We would like to offer career networking opportunities to these AmCham Scholar Alumni/ae to share their career management experiences, while AmCham companies learn more about the human capital. Pls click the link for a short survey to give us your viewpoint.

Feb 22, The Case for Corporate Community Investment: Good for Business? Good for the Community? At the event we will introduce and discuss concepts from the book, “Sustainable Value: How the World’s Leading Companies Are Doing Well by Doing Good,” by Chris Laszlo, which was recently translated into Vietnamese by Hoa Sen University and is now available in bookstores.

Fr, Feb 24 Lunch: Competing in an Uncertain Global Economy Eduardo Leite, Global Chairman, Baker & McKenzie The Chairman of the world’s most international law firm shares his unique perspectives on the important role of emerging markets in the current uncertain economic environment, and the special opportunities and challenges they present to multinational companies and their advisors.

Fr, Feb 17 Vietnam’s Tertiary Education: Preparing Graduates for Work? (co-hosted BBGV event) Leaders in Vietnam’s tertiary education sector and business leaders will explore how universities and business could cooperate to bring the very large numbers of Vietnamese graduates into the work place more efficiently.

Fr-Su, Feb 24-26 Winter Weekend: Register Now Join other AmCham members and guests in a networking weekend, with Chairman’s Roundtable discussion of key issues in Vietnam-U.S. trade and investment and outlook for 2012. Three days/two nights including room with American breakfast, Fri: Welcome Wine & Cheese reception; Sat: Morning Chairman’s Roundtable, Evening Cocktails, Gala Dinner. Plus optional outings, golf, or just relax in the brisk mountain air.

We, Feb 29 AmCham Palooza Party at Windsor Plaza Hotel Monthly networking event for young professionals at the coolest and latest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange.

Th-Fr, Mar 1-2 APCAC 2012 U.S. – Asia Business Summit (Tokyo) Over 300 senior leaders from business and government. Ambassadors from around the region. High-level American government trade policy and investment promotion officials from Washington. Business executives based in the region and from head offices in America. Japanese political and business leaders.

Mo-Tu, Mar 26-27 Asia Pacific Business Outlook 2012 (Los Angeles) Access 17 Asia/Pacific Markets in 2 days! If you are doing business in the Asia/Pacific region, this is the one conference you can’t afford to miss. Find answers to your questions on 17 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with expert and insiders. APBO’s 25th Anniversary: since 1987, APBO has been the premier business conference focused on trade and investment in Asian markets.

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

ISHCMC Celebrates Opening of New Wing and Launches HCMC’s only 1 to 1 computer tablet program ISHCMC held a ribbon-cutting ceremony and an Open House with nearly 300 students, teachers and parents on hand to join in the festivities.

SF Bay Area native has front-row seat to Vietnam’s econcomic growth Fred Burke, a San Francisco-born partner with Baker & McKenzie, has watched Vietnam evolve from a poor country into one of the world’s hottest economies.

U.S. Market Shines Brighter “We find it as cheap to manufacture in the U.S. as China. We will still manufacture in China, but the idea would be to manufacture product for Asia in Asia, for the U.S. in the U.S.”

PM Urges Land Management Review, Citing Transaction Mistakes He asked for a nationwide review of land management procedures and said local authorities made mistakes in a land acquisition case in the northern port city of Haiphong, according to a statement on the government’s website.

Auto Makers Step on the Gas in Indonesia Indonesia is hoping to follow in the footsteps of Thailand, which has used favorable government policy and infrastructure to attract investment and become one of the world’s biggest sources for vehicles, especially pickup trucks.

Nike backs waterless fabric dyeing process On average, an estimated 100-150 litres of water is needed to process one kg of textile materials today, and industry analysts estimate that more than 39m tonnes of polyester will be dyed annually by 2015. As this technology is brought to scale, large amounts of water used in conventional textile dyeing will no longer be needed, nor will the commensurate use of fossil fuel-generated energy be required to heat such large amounts of water.

Hong Kong’s changing role in the apparel industry Medium priced apparel will come from Vietnam, Indonesia, India and the Philippines for retailers like JC Penney, Macy’s, Sears, Dillard’s, A&F, Polo Ralph Lauren and Banana Republic.

Ho Chi Minh City 2011 • YouTube Video Tour Fast-paced video of Ho Chi Minh City at the end of 2011. You may not believe all the changes that have taken place in recent years … !

Two Web Sites for Overseas U.S. Voter Registration in 2012 Use the Overseas Vote Foundation and/or Federal Voting Assistance Program to simplify and accelerate your voter registration and request for absentee ballot.

Vietnam – U.S. trade status and outlook, 2011 – 2020e Despite the difficult domestic and international economic environment, Vietnam – U.S. trade in 2011 continued its steady increase. Total bilateral trade in 2011 was about US$ 22 billion, with Vietnam’s exports to the U.S. about $ 17.5 billion (up 17%), and imports from the U.S. about $ 4.5 billion (up 19%), demonstrating once again that manufacturing foreign direct investment (FDI) and trade are strong and stable factors that support Vietnam’s economic and social development.

U.S. Chamber Asia Weekly Update, Jan 31 – Feb 7, 2012. The U.S. Chamber of Commerce represents 3,000,000 businesses, 2,800 state and local chambers, 830 business associations, and 115 American Chambers of Commerce in 102 economies.

U.S. Chamber International Policy Update, Feb 11, 2012 Business Community Presses for Ex-Im Bank Reauthorization, Chinese Vice President Xi Jinping to Visit Washington, U.S. Agrees to End “Zeroing,” Obama Administration Issues Executive Order on Iran Sanctions, U.S., Japan Consult on the Trans-Pacific Partnership

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

Volvo Round-the-World Ocean Race Off the Coast of Vietnam (YouTube Video)
What is “Corporate Social Responsibility” (CSR) … ?
Tu, Feb 7 Lunch: The Year Ahead: Executive Summary and Outlook (co-hosted CanCham event)
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e
We, Feb 8 Reception for U.S. Science Envoy Rita Colwell, PhD
Fr-Su, Feb 24-26 AmCham Winter Weekend
VGCL wants higher minimum wage, same overtime
World Bank: Vietnam Key Indicators Nov 2011 (East Asia & Pacific Update)
Feb 3-12 Morel Mania arrives at Caravelle
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. 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 and view photos.

Members Lunch: Do you have the right KPIs? – Balanced Scorecard approach
Presentation by Adrian Gardiner
Breakfast Briefing: Making Arbitration Work for You
Presentation by Nguyen Manh Dzung
Networking Night: How do Companies React to High Inflation in 2011?
Presentation by Hoa Nguyen

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).