Weekly Update Feb 27: Preemployment Screening Lunch, Palooza, FDI Lunch

Highlights

Survey re: Career Day 2012
Member Survey 2012
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
Th, Mar 22 Vietnam Capital & Finance 2012 • Irving Seminar & Training
Will taxes on U.S. citizens and companies abroad be increased or decreased?
Vietnam dropped from 12th to 14th on FDI Confidence Index
“Sustaining Vietnam’s Growth: The Productivity Challenge (McKinsey Global Institute)
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e

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 includes 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

Enjoy Food & Beverages Highlight in March at Sheraton Saigon Hotel & Towers Chateau Ste. Michelle Wine Dinner (Mar 7), International Women’s Day Celebrations (Mar 8), Italian Nights at Saigon Cafe (Saturdays), Fabulous Girls Nights Out (Thursdays), Sunset Cocktails at the Wine Bar, Burger and Soda at Mojo Cafe, Champagne Brunch at Saigon Caft (Sundays).

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.

Talent Converging Program – Enhance your employer brand awareness and attract talents NhanViet Management Group (NVM Group), a leading HR service provider in Vietnam and Indochina, is currently preparing to deploy the 7th Annual Talent Converging Program – TCP 2012, with series of activities in Ho Chi Minh City and Hanoi.

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.

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 7 University of Chicago • Executive MBA Information Session at the Park Hyatt Hotel Find out how you can earn a world-class MBA degree from one of the top US business schools in the world at the Asia Campus in Singapore and still work at the same time. And discover how you can be a part of more than 45,000 alumni around the globe, including some 5,500 CEOs and top officers of firms worldwide. Chicago EMBA program is “Pure Chicago” – One School, One Faculty, One Degree – Worldwide.

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?

Th, Mar 22 Vietnam Capital & Finance 2012 • Irving Seminar & Training For senior executives focuses on big picture issues that impact strategic business decision including investment, financial management, legal & tax practices.

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.”

Sustaining Vietnam’s Growth: The Productivity Challenge (McKinsey Global Institute) Vietnam now needs to boost labor productivity growth by more than 50 percent to maintain its rapid growth. It can do so by (1) Stabilizing the macroeconomic environment; (2) Strengthening productivity and growth enablers to enhance competitiveness; (3) Shaping a coordinated, industry-specific government growth agenda by targeting investment; and (4) Improving government performance to deliver a growth agenda.

McKinsey to Vietnam: Get Cracking (Wall Street Journal) Vietnam policymakers say the McKinsey experts aren’t telling them anything they haven’t heard already. “I totally agree with what is mentioned in the report,” said Vo Tri Thanh, vice director of the Central Institute for Economic Management, a government think tank. “These are not new discoveries, however. Where Vietnam should start, and how to do it, is still a question.”

Mitsui Engineering & Shipbuilding selects Vietnam as key production base will increase its Hanoi factory’s annual capacity from 40,000 to 60,000 tonnes within the next two years and aims to win contracts to build and install railways and bridges in Vietnam.

Business leaders less positive in 2012: Nielsen Two-thirds of business leaders believe business conditions in Vietnam have deteriorated.

Institutional corruption a thorny issue in Vietnam The ease with which a Ministry of Finance official allegedly received a bribe of VND80 billion (about $ 4 million) indicates corruption continues to plague State agencies. Upon scrutiny, Tuan’s alleged offense not only amounts to fraud, with the bribe received serving as lubricants to smoothen the progress of projects related to the State’s coffers, but also sheds light on institutional corruption, which has been increasingly serious.

District leaders fired over illegal land seizure in Hai Phong City Leaders of Haiphong Party Committee and People’s Committee announced the decisions to reprimand and penalize senior officials of the district’s Party cell and people’s committee for their wrongdoings in the removal of farmer Doan Van Vuon and his family from their land.

FDI firms less optimistic: 39% vs. 66% in 2010; limited connectivity with domestic firms (VN PCI) FDI enterprises had limited add-on effect on domestic businesses. The FDI firms imported up to 57.5% of goods and services, against 40% purchased locally. This limited connectivity with domestic private sector firms means limited transfer of technology, management experience and productivity improvement.

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. The Index is a regular survey of global executives conducted by A.T. Kearney. Companies participating in the survey account for more than $ 2 trillion in annual global revenue.

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

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

Fr, Feb 24 Lunch with Baker & McKenzie Global Chairman
Survey re: Career Day 2012
We, Feb 29 AmCham Palooza Party
Business Lunch: Preemployment Screening and Due Diligence in Vietnam
Business Lunch: FDI in Vietnam in 2012
FDI rivals turn up the heat on Vietnam
Will taxes on U.S. citizens and companies abroad be increased or decreased?
Sources of Miscommunication at Work – “Who, me?”
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e
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).