Weekly Update Feb 7: Employee Engagement, U.S.-Asia/Pacific Business Summit

Highlights

We, Feb 16 Member Lunch: Engagement Indicator Survey 2011 Briefing
Th-Fr, Mar 3-4 U.S.-Asia/Pacific Regional Business Summit, Singapore
Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles

Events, Meetings, Activities, and Special Offers for Members

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.

Mo, Feb 14 Valentine’s Day at Legend Hotel Saigon Impress your loved ones with the most spectacular international buffet in Ho Chi Minh City at Legend Hotel Saigon’s renowned Atrium Cafe.

Mo, Feb 14 Valentine’s Day at Caravelle Hotel With Cupid’s designation of Lam Son Square as Saigon’s most romantic venue earlier this year, the Caravelle chefs are gearing up their kitchens for all manner of swooning come February 14.

Mo, Feb 14 Valentines Day at Sheraton Saigon Hotel & Towers Dine on a delectable seven course degustation in truly intimate ambience at Signature Restaurant Level 23 or a romantic dinner with traditional flair at Li Bai Level 2. In Saigon Café the array will leave you breathless.

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.

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.

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.

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.

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.

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

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 and is scheduled for completion by 2015

Vietnam aims for a place in the top three garment and textile exporters The US remains the largest market for Vietnam’s apparel exports: of the total more than US$ 11 billion in 2010, the U.S. market accounted for more than US$ 6 billion, 22 percent more than in 2009.

Vietnam’s IT spending leads Asia Pacific: IDC Report up 17% year-on-year in 2011 following strong growth of 24.9% in 2010, making it the leading market for IT spending in the Asia Pacific region in terms of growth rate. IT services will be the biggest contributor to IT spending growth rate, with social media playing a bigger role in local business marketing. “Cloud computing” will develop, despite challenges such as security risks.

How the Chinese rabbit became a cat in Vietnam “The rabbit has nothing to do with Vietnamese farmers, while the cat has always been a very good friend of farmers, trying to kill the rats that threaten their crops.” Some scholars say the split can be traced back to the founding legends of the zodiac calendar. Others say that many of today’s Vietnamese words have Chinese origins, so the most likely explanation lies in linguistics.

Cloud Computing: 16 Ways the Cloud Will Change Our Lives “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,” says John Hagel, co-chairman of the Deloitte Center for the Edge, Deloitte’s Silicon Valley-based research center. Here are some of the ways the cloud’s ability to access, analyze, store and share information could change our business and personal lives.

So What’s The China Deal with Vietnam? For businesses whose sales market is not going to be in China, a rethink of location needs to be undertaken. Vietnam then, has plenty to offer.

Equitization back on the agenda in Vietnam Economists believe that government support for inefficient SOEs, which soak up significant amounts of state cash, has been a major cause of Vietnam’s chronic macroeconomic instability, with stubbornly high inflation, a weak currency and sizeable trade and budget deficits. The near-bankruptcy of Vinashin, a large state-owned shipbuilder that in December defaulted on a $ 600m loan arranged by Credit Suisse, has increased pressure on the government to accelerate reform of SOEs, many of which are badly run and subsist on a diet of cheap government credit, preferential access to state land and monopoly market positions.

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 environment will promote and support FDI.

Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure

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

From now till Feb. 28, Tet Holiday Special Offer – The Six Senses Con Dao
Eight (8) straight days of holiday at TET, Jan 31 – Feb 7
TET Lunar New Year 2011 (VN Holiday) – Year of the Cat – Feb 2-7, 2011
Feb 16 Members Lunch: Engagement Indicator Survey 2011 Briefing
U.S. – Asia/Pacific Regional Business Summitt, Mar 3-4, Singapore
Seeking interviews about Vietnam’s transition to market economy
Interview with the new Party Secretary General Nguyen Phu Trong
Rising China prices boost Vietnam sourcing: Global Sources survey
First Solar to invest $ 1 billion to build factory in HCM City

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).