Events, Meetings, Activities, and Special Offers
Celebration of Tet Lunar New Year Festivities at Sheraton Saigon Hotel & Towers with a sumptuous traditional menu at Li Bai or at the Saigon Cafe. Relaxing special breakfasts at Mojo, and Moet & Chandon Champagne Brunch on Sundays at the Saigon Cafe.
VILAF is proud to be winner of several international awards such as: “Banking and Finance Law Firm of the Year” 2011 for Vietnam at the Acquisition International Legal Awards; the “Best Firm in Vietnam” Award and was nominated for the “Best Firm in Talent Management” Award at the Euromoney Legal Media Group’s inaugural Asia Women in Business Law Awards. These recognize VILAF’s commitments for the advancement of women in the legal profession.
Tu, Jan 10 Breakfast Briefing: Emotion Control – the Secret of a Joyful and Successful Life The combination of personal ability, high energy and the power of emotion can help anyone to have anything in life.
Vietnam’s Most Productive Companies 2011 Profiles International Vietnam has released the report “Vietnam’s Most Productive Companies 2011”, presenting findings of their study on the productivity of over 600 publicly traded companies in Vietnam. The Vietnam’s Most Productive Companies 2011 study focuses specifically on labour productivity, defined as revenue produced per full-time employee or full-time employee equivalent of Vietnam-based companies in 2010.
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News and Issues Updates
ISHCMC Celebrates Opening of New Wing and Launches HCMC’s only 1 to 1 computer tablet program ISHCMC held a ribbon-cutting ceremony and an Open House with nearly 300 students, teachers and parents on hand to join in the festivities.
Vietnam Top Choice For Nike Footwear About 50% of Vietnam’s footwear exports are Nike products, with the value of Nike shoes made in Vietnam for export to the US more than US$ 2 billion. Local made-in-Vietnam content accounts for 44% of the raw materials to produce the Nike shoes.
Vietnam launches reform of troubled banking system A 14-fold increase in loans held by banks since 2000, reaching 244 percent of gross domestic product. Official figures today show bad loans represent about 3.2 percent of total loans. But foreign observers suggest at least 10 or 15 percent of banks’ assets could be bad loans.
Vietnam sees 20% less foreign investment in 2011 After years of rapid growth, some of the challenges that foreign investors have to deal with now include rising wages, inflationary pressures and a depreciating currency.
Vietnam Dong Has Biggest Annual Loss Since 2008 on Inflation Policy makers devalued the dong on Feb. 11 by about 7 percent, the most since at least 1993, to help curb the nation’s trade deficit and narrow the gap between the official and black- market rates.
Vietnam More Vulnerable to World Slump Than Neighbors, HSBC Says The spillover risks through the trade and finance sectors in Vietnam are aggravated by large domestic and external imbalances.
Facebook’s CEO Mark Zuckerberg visits Vietnam To date, Facebook has 4 million users in Vietnam; 800 million globally.
Sapporo favors Vietnam over China Japanese brewers are making China a lesser priority because of slowing population growth and strong competition there.
Vietnam’s ministries rated “average” in effectiveness survey The VCCI survey, which collected opinions from 207 associations that represent more than 419,000 businesses countrywide, show that all 14 ministries score just above the “average” rate.
Vietnam to move from traditional markets to “modern retail” The MoIT strategy would also create an association to establish big groups for retail distribution systems, and would develop commercial infrastructure to accelerate the domestic market and open the retail market under the road map established when Vietnam joined the WTO.
Vietnam receives its largest container ship call CMA CGM’s Laperhouse, with nearly 14,000 TEU (20-foot equivalent units of capacity), called at the Cai Mep International Terminal, a joint venture between Saigon Port, Vietnam National Shipping, and APM Terminals.
Android picks up pace in Vietnam, while PC shipments reached 2,000,000 Android’s market share in Vietnam grew from 57 percent in the second quarter to 62 percent in the third quarter.
Vietnam raises power prices to spur capacity investment “It’s necessary in order to put a regime in place that will provide sufficient growth in the sector to power Vietnam’s increasing consumption and industrialization.”
World Bank Economic Update: Vietnam Stabilization gains remain fragile and any premature loosening of policy will risk repeating the recent pattern of recurring instability. Vigorous implementation of fiscal consolidation and structural elements of Resolution 11, including restructuring and reform of the state enterprise sector and the financial sector should help Vietnam return to a more sustainable macroeconomic environment while laying the foundations for greater efficiency and productivity to drive medium and longer term growth. But undertaking these deep, structural reforms will require strong leadership, careful implementation, support from development partners and foreign investors, and some short-term pains.
World Bank: Vietnam Key Indicators (East Asia & Pacific Update) Domestic credit expansion … ; inflation … ; other key indicators.
An Analysis of State-owned Enterprises and State Capitalism in China, 2011 The Chinese government and state-owned enterprises (SOEs) remain potent economic forces. Indeed, some of China’s SOEs are among the largest firms in China and the world. They are major investors in foreign countries. They have been involved in some of the largest initial public offerings in recent years and remain the controlling owners of many major firms listed on Chinese and foreign stock exchanges.
Asia-Pacific Trade and Investment News for the Asia-Pacific Council of American Chambers of Commerce (APCAC), prepared by the BGR Group.
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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.
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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.
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