Weekly Update Feb 14: Employee Engagement, U.S.-Asia/Pacific Business Summit

Highlights

We, Feb 16 Employee Engagement Indicator Survey 2011 Briefing
We, Mar 2 Challenges in Vietnam’s Multi-cultural FDI Workplaces
Th-Fr, Mar 3-4 U.S.-Asia/Pacific Regional Business Summit, Singapore
Fr-Mo, Mar 11-14 Vietnam International Furniture & Home Accessories Fair
Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam

Events, Meetings, Activities, and Special Offers for Members

We, Feb 16 Member Lunch: Engagement Indicator Survey 2011 Briefing Engaged employees reduce the cost of recruiting, hiring, training and developing, not to mention their positive effects on productivity. Engaged employees are also more willing to give extra effort when your organization needs it and those in customer-facing roles are more likely to create more satisfied customers. To improve employees’ engagement, organizations must first define and measure engagement.

Jan 14 – Feb 27 Legend Hotel Saigon’s Tet Weekend Package Applicable for your stay on Friday, Saturday, Sunday, Tet week (31 Jan – 7 Feb) and Valentine night, the package is priced at only VND 2,011,000++ per night for single or double occupancy in a Deluxe Room with several special benefits.

From now until Feb. 28, Tet Holiday Special Offer – Six Senses Con Dao Take advantage of a limited time offer at Vietnam’s Newest Luxury Resort The Six Senses Con Dao. AMCHAM Members and their friends will receive an Ocean Front Villa at the local resident rate of $ 315++ per night with the third night free. At $ 210++ per night for a three night stay, this represents a 75% discount over the normal rates of $ 790++ per night. Airport transfers and breakfast for two are included.

Feb 24 & Mar 3 Seminars on Investment Clinic Vietnam held by Freeman Capital Management You will learn the essentials of investing in the U.S. and global financial markets; step-by-step how to find winning stocks and funds; 4 advantages of Exchange-Traded Funds and why they are the fastest growing investment vehicle in the US; and How to invest in fast-growing technology stocks and emerging market economies such as Vietnam, China and Brazil. Free Entrance.

Business Opportunity for a foreign company that has or wants to have an outsourcing operation in Vietnam. In 2005, Connexus Corp (www.connexuscorp.com) established a Vietnam subsidiary, which is a 100% foreign-direct investment. This subsidiary performs software development (Java, PHP, Python/Erlang, Ruby-on-Rail), business operations (setting up online ads, reporting/billing), and production support (system administration, database administration) for Connexus Corp. Currently, Connexus Corp has an interest to sell or transfer ownership of this subsidiary to a foreign company who has or wants to have an outsourcing operation in Vietnam. Please click here to send an email for more information.

Seeking interviews in Hanoi about Vietnam’s transition to a market economy Two widely-published researchers will be in Hanoi after TET to conduct interviews relating to Vietnam’s economic transition. They interview business leaders, economic development leaders, financial/banking experts, and university professors in the field of economic transition and review trade/investment opportunities.

We, Mar 2 Morning Briefing: Challenges in Vietnam’s Multicultural FDI Workplaces In today’s global economy, the whole world is the workplace. How should we best organize effective learning across borders and cultures? How can we address highly diverse training demands worldwide? How do we bind our people to a common set of corporate values while taking local realities into account? We collaborate with our clients to transform the talents and potential of work forces worldwide into quantifiable business results. Click the link for more information and to register online.

U.S.-Asia/Pacific Regional Business Summit
Join over 250 delegates from business, government, and media for the U.S. – Asia/ Pacific Regional Business Summit. A platform to tackle business and policy issues in Asia and interact with senior U.S. Government Officials, including U.S. Ambassadors to Singapore, Thailand, Indonesia, and APEC who have confirmed to speak at the event along with senior officials from United States Trade Representative and the Department of Commerce. Key issues such as APEC, the Trans Pacific Partnership, the National Export Initiative and the APEC Business Travel Card. Moreover, the program will address the economic and business environment in Indonesia, Vietnam, India, China and ASEAN in particular. Click the link for more information and to register online.

Fr-Mo, Mar 11-14 Vietnam International Furniture & Home Accessories Fair Exhibition of Vietnamese furniture, handicraft fine arts, and other wood products. Organized by the Handicraft and Wood Industry Association of HCM City.

Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles Access 14 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 14 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with expert and insiders.

Tu, Apr 5 Cloud Computing in Vietnam: Opportunities and Challenges Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world. The cloud’s ability to access, analyze, store and share information could change our business and personal lives in ways hard to imagine. Vietnamese IT services spending is forecast to reach around US$ 348mn in 2011, as the market approaches US$ 551mn by 2015. IT services now accounts for around 18% of total Vietnam IT spending. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

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 devalues currency as inflation bites; Vietnam must tackle inflation: IMF says “On the monetary policy side, there needs to be a much more decisive focus on containing inflation and then on fiscal policy, there needs to be a much clearer consolidation path for the budget deficit to give the markets – and I’m talking about domestic and overseas – confidence that public debt can be contained,” IMF Country Representative Benedict Bingham said.

Vietnam Information Technology Report, Q1 2011 : Business Monitor International The MOCI is currently developing a draft decree to map out policies to help the IT industry grow. The decree will stipulate procedures and operational requirements for firms providing IT services. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

Iconic building in HCM City With help from our international contractors and project partners, we succeeded in reviewing and to some extent rewriting existing building regulations and we set new and stringent benchmarks never-before-seen in Vietnam’s construction industry. We are pressing ahead with a plan to develop a mixed-used project named Ben Thanh Towers in the downtown, with offices, residential apartments, and a hotel and retail space. The project has a total investment capital of US$ 400 million

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environ

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

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

Feb 16 Members Lunch: Engagement Indicator Survey 2011 Briefing
From now till Feb. 28, Tet Holiday Special Offer – The Six Senses Con Dao
U.S. – Asia/Pacific Regional Business Summit, Mar 3-4, Singapore
How the Chinese Year of the Rabbit became the Year of the Cat
Bitexco Financial Tower: Iconic Building in Ho Chi Minh City
Feb 24 and Mar 23 Seminar on Investment Clinic Vietnam

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

16 DecInvestment & Trade with Vietnam’s Southern Key Economic Region
14 Dec2010 Annual Report: Slides Notes
23 NovCai Mep Deepwater Ports: Vietnam’s Trans-Shipment Hub for ASEAN
.Presentation: Cai Mep Deepwater Ports
16 NovMembers Lunch: Vietnam’s Consumer Trends 2010
.Presentation: Vietnam’s Consumer Trends 2010
11 NovAAFA Briefing on U.S. Trade Policy: Implications for Vietnam
.Presentations on U.S. Trade Policy: Implications for Vietnam
.Welcome: Sesto Vecchi, Governor & Managing Partner, Russin & Vecchi
22 OctWork Force Development in Vietnam
.Presentation by Roma Arellano, Intel, and Jeff Goss, Arizona State Univ.
14 OctTowers, Watson 2010 Global Survey: Talent Management & Rewards
.Presentation by Yvonne Cox, Managing Director, Southeast Asia

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 4,000 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).