Weekly Update Feb 20: Baker & McKenzie Global Chairman (Feb 24), Winter Weekend

Highlights

Survey re: Career Day 2012
Fr, Feb 24 Lunch: Competing in an Uncertain Global Economy • Baker & McKenzie Global Chairman
We, Feb 29 Business Lunch: Preemployment Screening and Due Diligence
We, Feb 29 AmCham Palooza Party
Th-Fr, Mar 1-2 APCAC 2012 U.S. – Asia Business Summit (Tokyo)
Wed, Mar 7 Business Lunch: FDI in Vietnam in 2012
We, Mar 14 Sources of Miscommunication at Work – “Who, me?”
Fr, Mar 16 Brkfst Briefing: Social Media • Online Safety for Children
Will taxes on U.S. citizens and companies abroad be increased or decreased?
Vietnam dropped from 12th to 14th on FDI Confidence Index
VGCL wants higher minimum wage, same overtime
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e
What is Corporate Social Responsibility (CSR) … ?

Events, Meetings, Activities, and Special Offers

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

Survey re: Career Day 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 development experiences, while AmCham companies learn more about the human capital. Pls click the link for a short survey to give us your viewpoint.

Enjoy attractive offers on Business Class to Bangkok Round trip 8.590.000 VND include all taxes. Get a free Bangkok Skytrain voucher unlimited rides for 1 day. (Apply for tickets from Ho Chi Minh City to Bangkok in all classes. We offer free maps of Bangkok with Skytrain routes and river piers.) To book ticket, visit www.qatarairways.com or call (+84 8) 38273 888

Business Lunch at Saigon Saigon Bar, Caravelle Hotel Salads, gourmet sandwiches and desserts are served. Classic choices include smoked salmon and avocado salad, tomato & feta cheese salad, classic turkey club sandwich, and Asian shrimp & pork hash. End lunch with a signature dessert like ice mousse nougatine or chocolate espresso ice-cream.

Feb 22, The Case for Corporate Community Investment: Good for Business? Good for the Community? We will 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. 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-Su, Feb 24-26 Winter Weekend 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 Business Lunch: Preemployment Screening and Due Diligence Once we get over the “exotica” of Viet Nam, we find the same work issues: unhappy employees, theft in the workplace, fraud, and more. The screening of employee candidates has long been used to help avoid, or at least limit, potential problem employees. The same is true for Due Diligence reviews of potential JV partners or suppliers. As compliance drives more and more of our business, the need for solid DD research is crucial. Know your partner, customer, supplier.

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.

Fr, Mar 2 Vaio S Fashion Show: PERFECT BALANCE Be the first to see the 3 newest collections designed exclusively for 3 VAIO S by 3 Vietnam’s Top Designers

Tu, Mar 6 Lunch: “Realizing Your True Business Value Potential” • Mr. Oystein Ullnaess, author of the best seller and founder of TrueValue4U, will highlight a new innovative management framework for analyzing and executing initiatives in dynamic environments.

We, Mar 7 Business Lunch: FDI in Vietnam in 2012 review the key legislation on FDI (including newly set-up businesses and M&A); common challenges (and solutions) for FDI investors; and special FDI opportunities in 2012.

We, Mar 14 Sources of Miscommunication at Work – “Who, me?” Insight about miscommunication at work; common dysfunctional interaction patterns between manager and staff; how they patterns work, how can you end up in them, and how to get and/or stay out of them. Human behavior; human communication.

Fr, Mar 16 Brkfst Briefing: Social Media • Online Safety for Children Our children ARE talking … but are we listening ? Do you have fear, uncertainty or doubt about what your child is doing online? Would you like to have a better understanding of your child’s world? Is your child unknowingly jeopardizing his/her future with activity on Facebook? What about bullying…is that a concern for you or your child?

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

Local students take part in Community Service and Leadership Training Conference Over 300 students, teachers and community leaders from schools all over HCM City gathered to share ideas and work together to explore problems we face as global citizens, as part of the International School Ho Chi Minh City (ISHCMC) Global Issues Network’s 1st Annual Conference. The theme of the conference was “Using our differences to make a difference.”

Will taxes on U.S. citizens and companies abroad be increased or decreased? Unlike every other developed country, the U.S. imposes tax on the worldwide income of its citizens and permanent residents who live overseas. Chairman Dave Camp of the U.S. House of Representatives Ways & Means Committee (initiates all tax and budget legislation) has proposed a new approach. Click the link to see a Bloomberg video as Chairman Camp explains the proposal. Plus more background information.

FDI rivals turn up the heat on Vietnam Vietnam dropped from 12th to 14th ranked on the FDI Confidence Index, while Indonesia, Malaysia, and others moved up.

Bird Flu: Vietnam Still Struggles To Control Virus; New Strain of H5N1 in Vietnam In Ha Nam province, on the outskirts of Vietnam’s capital, Hanoi, animal health officials are desperate to contain an outbreak that hit last week. And Vietnam’s officials have issued fresh warnings for farmers to beef up surveillance, especially since they can no longer rely on the latest poultry vaccine, which weak or useless against a new strain that has emerged.

VIFA Vietnam International Furniture & Home Accessories Fair, Mar 11-14, 2012 Vietnam has become ASEAN’s leading furniture exporter.

ConocoPhillips to Exit Vietnam, Sell Assets for $ 1.29 billion The sale is part of ConocoPhillips’ efforts to unload less profitable businesses and boost returns, the Houston-based company said in a statement today. Conoco had targeted asset sales of $ 15 billion to $ 20 billion by the end of 2012.

Collective Brands To Open Payless Shoe Stores In Vietnam, Thailand, and S Korea Payless intends to open five stores each in Vietnam and Thailand, Central Marketing will handle Thailand and Vietnam.

Social Media: Online Safety for Children Our children ARE talking … but are we listening? Speaker Linda Fogg Phillips is co-author of “Facebook for Parents.”

We, Feb 22, The Case for Corporate Community Investment: Good for Business? Good for the Community? 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. Now available in bookstores.

Working the Vietnamese way: CapitalLand Deputy CEO Yip Hoong Mun “The time necessary to acquire a license to carry out a real estate project in Singapore is one year and in China two years, but in Vietnam the required waiting time is four years.”

HCMC hospital overload to remain in coming yearsContainersexportfrom Vietnam Hospital overload has become more severe in HCMC and fresh hospital projects will not be a way out in coming years. Seven projects for new healthcare facilities require a total of VND13 trillion, including VND8 trillion from the city’s budget and VND5 trillion in private-sector capital.

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.

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

Taxation of U.S. Citizens and Companies
We, Feb 29 AmCham Palooza Party
Fr, Feb 24 Lunch with Baker & McKenzie Global Chairman
Vietnam’s Tertiary Education: Preparing Vietnam’s Graduates for Work?
What is “Corporate Social Responsibility” (CSR) … ?
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e
VGCL wants higher minimum wage, same overtime
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.

Taxation of U.S. Citizens and Companies • Will they go up or down?
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).