Weekly Update Feb 28: U.S.-A/P Business Summit, Furniture & Home Accessories Fair, Cloud Computing


Mo, Feb 28 U.S. Education Information & Career Orientation
We, Mar 2 Challenges in Vietnam’s Multi-cultural FDI Workplaces
Th-Fr, Mar 3-4 U.S.-Asia/Pacific Regional Business Summit, Singapore
Tu, Mar 8 Legal Committee Meeting
Fr-Mo, Mar 11-14 Vietnam International Furniture & Home Accessories Fair
Fr, Mar 18 Special Lunch: Vietnam Provincial Competitiveness Index 2010
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

Mo, Feb 28 U.S. Education Information & Career Orientation Learn all about college education in the U.S.A.

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.

Th, Mar 3 Japanese DJ at 2 Lam Son Bar for one night only. With a rich array of music from Old School, Electro, Jazz, R&B to Reggae, not to mention his unique Hip Hop mix, DJ TAMA a.k.a. SPC Finest has been rocking the crowds through various events and mix shows, exceeding the expectations of the crowds, always surprising them through with his dynamism and rich experience. TAMA’s personal style and scratch skills are recognised as top class in Japan.

Tu, Mar 8 Legal Committee Meeting Upcoming events & speakers, US/Vietnam trade talks, position papers and topics to monitor, report on Project 30.

Park Hyatt Saigon welcomes the New Lunar Year with Bonnie J. Jensen, an acoustic and jazz-oriented musician whose music creates a stylish and sophisticated ambience. Bonnie is an experienced singer, piano player and song-writer with an extensive repertoire and a warm, captivating vocal that segues from blues, pop and funk to smooth bossa nova and heartfelt ballads.

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.

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 send an email to [email protected] for more information.

Fr, Mar 18 Special Lunch: Vietnam Provincial Competitiveness Index 2010 Assess and benchmark the performance and capacity of all 63 provincial and city governments within Vietnam to develop business-friendly regulatory environments for private sector development.

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 takes aim at curbing inflation “Without consistent policies to rein in excessive demand and control inflation, the positive aspects of the devaluation are likely to prove fleeting,” Moody’s said.

Scant Regard For Market Forces Breeds Woes Exchange rate policies must be more comprehensive and consistent. First, the reserve ratios for foreign currency deposits must surpass those for dong deposits by a suitable margin to make the local currency more attractive and ease pressure on exchange rates.

Government pledges to curb inflation Monetary tightening is the key policy mentioned by the Prime Minister, who said credit growth would be revised down to less than 20% compared to the earlier target of 23%.

Quang Trung Software City (QTSC) – a decade of achievement Nguyen Trong, former president of the Ho Chi Minh City Computing Association, former deputy manager of the city’s department of science and technology and one of the co-founders of Quang Trung Software City (QTSC), talks with VIR’s Minh Thien about the QTSC’s decade of development.

Crown Expands Beverage Can Production in Vietnam The expansion will bring Crown’s Hanoi plant total capacity to 1.5 billion cans, and total capacity for Crown in southern Vietnam to 3.2 billion cans.

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.

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

Mar 11-14 Vietnam International Furniture & Home Accessories Fair
Mar 2 Challenges in Vietnam’s Multi-cultural FDI Workplaces
Mar 3-4 U.S. – Asia/Pacific Regional Business Summit, Mar 3-4, Singapore
Apr 5 Cloud Computing: Opportunites & Challenges in Vietnam
Feb 24 & Mar 3 Seminar on Investment Clinic Vietnam
Mar 28-29 Asia/Pacific Business Outlook 2011, Mar 28-29, Los Angeles

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

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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.

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