Weekly Update Feb 25: Members Lunch: Office Rents, WatsonWyatt – Total Rewards Survey

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.

Upcoming Events and Activities (next two weeks)

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Th, Feb 28 Grade A office rents in HCMC to reach US$ 100/sqm. Can you afford it? Rising office rents (along with everything else) affects all of us, whether your company is in a shop house or a Grade A office tower. Savills Vietnam believes Grade A rents will top US$ 100 per sqm in the next 2 years. Have you planned for this in your budgets? Come find out where the market is going and decide how it affects your business.

SMART HR and Watson Wyatt announce 2008 Vietnam Total Rewards Survey, which provides significant insights into market practices that are very useful for companies to determine compensation and benefit packages. Participation will enable you to benchmark against others in major industries in Vietnam; validate information on market practices and trends; design competitive compensation and benefit packages; become eligible for attractive participant rates, and more.

Sa, Mar 8 International Women’s Day (Cultural Day) In Vietnam today, the International Women’s Day tradition sees men and boys honoring their mothers, wives, girlfriends, colleagues, etc with flowers and small gifts. In some countries IWD has the equivalent status of Mother’s Day where children give small presents to their mothers and grandmothers.

Tu, Mar 11 Visual Workplace Workshop The Visual Workplace is “a comprehensive methodology for transforming the entire physical workspace and making work safer, simpler, more logical, more standardised, more fluid, more linked and far less costly – while ensuring that these outcomes are not just repeatable but sustainable.”

News and Issues Updates

New member and associate companies. Click on the link to learn more about the latest companies to join AmCham.

Ho Chi Minh City flooded with deluxe apartments valued at $ 1 – 2 million, with $ 10,000 jacuzzi baths and $ 3,000 toilets. “I only hear about the shortage of houses for the poor and low-income earners while many luxury apartment projects are being implemented; this strategy needs reconsideration,” said the Chairman of the Ho Chi Minh City People’s Committee.

Central Bank’s monetary policies a step in the right direction – Institute of Development Studies The central bank’s monetary policy will bring about long-term benefits by helping make the real estate and stock markets healthier. The policy will certainly slow speculation in both markets.

Vietnam to slash rice exports in 2008 to ensure national food security, stable prices Vietnam will not increase the rice exports this year, even may have to reduce in order to ensure national food security, so that rice exports will not negatively impact on the domestic rice price, which soared to $ 400/ton in Feb, up $ 100 over last year.

Individual investors bail out as Vietnam stocks hit new low It seemed that all news was bad news now and amidst fear and panic, retail investors wanted to get out before it gets worse. VN-Index ended the week below 700 on Friday, Feb 23 (at 687).

Click this link these and other current news articles about the business environment and U.S. trade and investment with Vietnam and Asia …

Event Presentations, Downloads, and PHOTO ALBUMS

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.

Online Membership Directory Looking for information on AmCham members? Click here to browse the Online Membership Directory for information about and contact points for our 400 member and associate companies, and about 800 representatives. Also with links to their company web sites for even more information about American and international businesses in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with about 100,000 visitors and 250,000 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 nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of 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.