Weekly Update Jul 11: Customs Roundtable, UHawaii EMBA Info

Highlights

Photo Highights: AmCham’s July 4th Picnic
News Highights: AmCham’s World Blood Donor Day, Jun 14
Fr, Jul 15 Roundtable with HCMC Customs Department
Fr, Jul 15 Overseas Vote Foundation: Overseas U.S. Citizens Count
We, Jul 20 University of Hawaii Executive MBA Information Session
Sa, Sep 17 International Coastal Cleanup Day
Sa, Sep 10 – Sa, Dec 3 AmCham Scholarship Program 2011
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

May – November is “Typhoon Season” in the Western Pacific. On average, 27 tropical storms form in this basin every year. Click the link to visit our “Weather” page for updates on tropical storms.

Events, Meetings, Activities, and Special Offers for Members

Raffle Prize Winners, USA Independence Day Celebration & Family Picnic, July 2, 2011

GDS DATA CENTER is one of the first international-standards Datacenter in Vietnam with Japan technology We are offering a Special Disaster Recovery (DR) Solution for Banks, Insurances and Financial Institutions. Free of charge for rack (42U), 50% discount for rental servers, free of charge for shared internet connectivity, one (1) month free trial for all services, and more.

Sa, until Jul 30, Saturday Brunch at Legend Hotel Saigon Why wait until Sunday to enjoy brunch? This Saturday take your family out for an unforgettable brunch experience at Legend Hotel Saigon. The luxury river-front five-star international hotel is offering buffet brunch not only on Sundays but on Saturdays as well from now until July 30.

Tu, Jul 12 Elite Ornellaia Wines in Town for One-Night Tasting Chef Darren Watson at Reflections Restaurant pairs his culinary flair with a distinguish Ornellaia Wine Dinner with the presence of Mr. Giovanni Mazzoni Area Manager of Ornellaia Societa Agricola SRL.

Fr, Jul 15, Roundtable with Customs Department Many FDI companies have challenges in dealing with Customs. Join this Roundtable to improve communications and understanding. Joint event with AmCham, EuroCham, and other FBA.

We, Jul 20 University of Hawaii Shidler College of Business Executive MBA in HCMC – Information Session Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to attend a free-of-charge information session.

Overseas Vote Foundation: Overseas U.S. Citizens Count Americans living abroad are not counted in the US Census. Currently, there is no up-to-date estimate of the size of the overseas US citizen population. Understanding the size and location of our population is crucial to improving access to voting, social security and consular services; and for that we need your help.

Sa, Sep 10 – Sa, Dec 3 AmCham Scholarship Program AmCham will grant scholarships to 40 top students in partnership with Vietnam National University – Ho Chi Minh City (VNU-HCM), Banking University, Foreign Trade University in Ho Chi Minh City, Ho Chi Minh City University of Law and Hoa Sen University.

Sa, Sep 17 International Coastal Cleanup Day, 2011 Please join us, and the global movement that is giving back to our ocean, by spending just one day cleaning up trash from our world’s waterways and oceans.

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

FDI down as investors chill They face difficulties including macroeconomic instability, rapid wage rises, power supply shortages, problems with local procurement of parts and components, and difficulties in employing workers.

Proposed Amendments to Vietnam’s Labour Code The draft Labor Code is one of the most important laws Vietnam will adopt in this decade. It is a pillar in the foundation of Vietnam’s competitiveness in global markets. Get it right, and new and better jobs will be created, and wealth will grow. But get it wrong, and Vietnam could become “just another country with a bright future behind it.”

Vietnam Joins ASEAN-Japan Dialogue at the fourth annual dialogue between the ASEAN Secretary General and members of the Federation of the Japanese Chambers of Commerce and Industry in ASEAN (FJCCIA) in Malaysia on July 8-9.

USS Chung-Hoon (DDG-93)

USS Chung-Hoon (DDG-93)

U.S., Vietnam to hold joint naval activities in Danang starting July 15 Planned events include a pier-side welcome ceremony at Tien Sa Port in Danang, as well as community relation projects, search and rescue, damage-control and dive salvage training between the navies from the two countries.

Vietnam values ties with China, says Defense Minister The two sides would together solve issues left by history and newly arisen issues in a proper manner, for the interests of the two countries’ people and for peace, stability, cooperation and development in the region and the world at large, he said.

PetroVietnam, partners eye ConocoPhillips’ $ 1.5 billion oil assets: A 23.3 percent stake in a complex of five oilfields in block 15-1 in the area. It owns 36 percent of the Rang Dong oilfield in block 15-2 in the Cuu Long basin and 16.3 percent in the Nam Con Son gas pipeline project.

South Korea’s CJ-CGV makes Mega play in Vietnam; will buy Mega Star, which opened its first cinema in Hanoi in 2006, currently operates 7 multiplexes and 54 screens in Hanoi, Ho Chi Minh City, Danang, Hai Phong, and Dong Nai. Accounting for some 60% of the box office in Vietnam, Mega Star had revenues of $ 23 million last year and assets of $ 38 million.

Honeywell appoints Mai Trang Thanh as First President for Vietnam to strengthen and expand its position in one of the fastest-growing
 economies in Asia.

Vietnam plans to burn waste for renewable energy in big cities The landfills in Hanoi won’t be able to accept more garbage by 2012. With the low ratio of land per capita, Vietnam will have to consider burning waste instead of expanding dumping grounds.

Vietnam large rice farm project takes wing Production costs were 30% lower and profits 150% higher for the 458 farm households that joined the project organized by An Giang Plant Protection Company.

Nearly 200 Vietnam websites hacked in one night Website attacks and Internet security have become a hot topic these days, after a large number of websites, including the ones run by state management agencies, were attacked recently.

Developing a 21st Century Workforce in Vietnam Vietnam’s top technical universities, working with universities in the U.S., Intel, and the U.S. and Vietnamese governments, have embarked on an ambitious initiative to modernize their engineering degree programs, in the “Higher Engineering Education Alliance Program.”

Vietnam Competitiveness Report, 2010 – Michael Porter, et. al. Vietnam’s growth since the mid-1980s has been driven by transition and structural change. More recently, the policy response mainly focuses on intensifying investment, especially in SOEs and infrastructure, to generate growth rather than on upgrading productivity and efficiency. But the economic logic behind this growth model ultimately has limited potential.

Vietnam Provincial Competitiveness Index, 2010 Using new survey data from 7,300 businesses in Vietnam that describe firm perceptions of their local business environments and hard data, the PCI 2010 continues to benchmark the capacity of local governments to develop regulatory environments for private sector development. The PCI 2010 report includes a special feature on survey results from 1,155 foreign invested enterprises.

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

Tu, Jul 5 Legal & VBF Committee Meeting – Agenda
We, Jul 20 U.Hawaii Exec-MBA Info Session
Fr, Jul 15 Roundtable with HCMC Customs Department for Importers/Exporters
Tu, Jul 5 How to Manage a Crisis that Hurts Your Company’s Reputation?
Raffle Prize Winners, USA Independence Day Celebration & Family Picnic, July 2, 2011

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

Jul 7Crisis Management: How to Manage a Crisis that Hurts Your Company’s Reputation
.Presentation: Crisis Management
Jun 17Members Night TPP Briefing & Networking
.Photo album (11 photos)
Jun 14World Blood Donor Day 2011
.Photo album (33 photos)
Jun 3Joint Chambers Revised Labour Code Workshop
.Photo album (9 photos)
Jun 1Customers: Who Cares? – Theory and Reality of the Customer Value Proposition
.Presentation: Customer Value Proposition
.Photo album (10 photos)
May 27AmCham Dalat Weekend, Fr- Su, May 27-29, 2011
.Photo album (20 photos)
May 20AmCham HR Committee Information Session: Revised Labour Code
.Photo Albums (23 photos)
May 17Members Night and Networking Cocktail Reception
.Photo Albums (40 photos)

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).