Weekly Update Jul 16: APEC Business Advisory Council

Highlights

Raffle Prize Winners, USA Independence Day Celebration & Family Picnic
Welcome to new AmCham companies • Jan ~ Jun 2012
AmCham’s World Blood Donor Day 2012 in the News
Fr, Jul 13 U.S.-ASEAN Business Forum, Siam Reap, Cambodia
Tu, Aug 7 Morning Briefing: Vietnam CEO Roundtable Talk (Invitation Only)
ASEAN and GMS Reap Rewards As Clinton Counters China • Visits Vietnam, Laos, Cambodia
Tu, Jul 17 Legal & VBF Liaison Committee
FDI into Vietnam continues to fall: down 27.3% in first half of 2012
Industrial Parks See Falling Investment in first half of 2012; FDI down 59% compared with 2011
Lockheed Martin-Built VINASAT-2 Satellite Begins Service for VNPT
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites

Events, Meetings, Activities, and Special Offers

Welcome to new AmCham companies 46 new companies have joined AmCham in Jan-Jun. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Special Fare For AmCham Members from Korean Air Korean Air rewards all AmCham members up to13% discount on fares to the United States, Korea, Japan and China. Save your travelling cost and enjoy excellent service with Korean Air.

Th-We, Jul 14 – 20 Caravelle Cracks Open Oyster Specials Fin de Claire oysters—considered the world’s finest—will be served alongside oysters fresh from Vung Tau and Ha Long Bay, and accompanied by traditional condiments and Tabasco sauces. Seafood fans can have the much-loved molluscs by the dozen or a half dozen with a flute of champagne at Lobby Lounge, or with their favourite cocktails and spirits at Martini Bar.

Tu, Aug 7 Morning Briefing: Vietnam CEO Roundtable Talk (Invitation Only) Insights from 2012 IBM Global CEO StudyThe Country’s Top executive minds to boost up business prospect & unparalleled rivalry

Tu-We, Sep 4 -5 Human Resources Strategies Course by Dynamic Consulting This workshop will help you to take a wider view of HR Strategy as an integrating force and to discuss how it can be achieved.

Advance Notice: Sep – Nov AmCham Scholarship 2012 AmCham will grant scholarships to up to 45 top students from universities in HCM City.

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

Vietnam and the International Monetary Fund (Jul 6, 2012) A key challenge will be to balance support for the slowing economy against the risk of eroding hard won confidence, while rebuilding policy buffers. Directors emphasized the need to resist loosening policies prematurely and to accelerate structural reforms.

BTA mở ra giai đoạn mới trong quan hệ Việt Nam – Hoa Kỳ: Former Deputy PM Vu Khoan BTA đã mở ra một giai đoạn hoàn toàn mới trong quan hệ Việt Nam – Hoa Kỳ. BTA giúp xuất khẩu của Việt Nam tăng mạnh. Kim ngạch thương mại song phương từ 1,5 tỷ USD năm 2001 đã lên mức hơn 22 tỷ USD năm 2011, trong đó Việt Nam xuất siêu đáng kể. Đây là bước ngoặt có ý nghĩa lịch sử trong quan hệ kinh tế đối ngoại của Việt Nam.

Ưu tiên xem xét đề xuất của nhà đầu tư hiện tại FDI accounts for 42% of industrial production in Vietnam, and 59% of exports in 2011. So, to maintain and increase FDI in Vietnam, the government needs to give priority attention to the the recommendations of the FDI investors that are already in Vietnam.

M&As continue to help drive the economy 2010 saw strong M&A growth over 2009 with deal volumes more than doubling and deal values near tripling to $ 3.2 billion. With global economic uncertainty coming to the fore again, 2011 saw a decline in the rate of growth in both deal values ($ 4.4 billion) and volumes (262 deals) as compared to those in 2010.

Cloud computing to revolutionise Vietnamese technology sector 46 per cent of participants are already deploying hybrid clouds and virtualization projects within their organizations.

AmCham’s World Blood Donor Day 2012 in the News AmCham is proud to announce that 659 AmCham staff, friends and family joined AmCham’s World Blood Donor Day 2012, organized in HCM City by the AmCham Corporate Social Responsibility Group, in cooperation with the Humanitarian Blood Donation Center of Red Cross Ho Chi Minh City.

Japan’s Tokyu Corp. and Becamex to develop new city and traffic infrastructure in Binh Duong Connecting Binh Duong and other areas in the Southern Key Economic Zone, with a focus on a modern bus transit system and a possibility to develop a railway route in the future,” said Tokuy Corp CEO.

Tama Denen Toshi New Town (Tama Garden City), Japan The growth spurred by the Denen Toshi rapid transit metro line in Tokyo’s Tama area is the largest and widely viewed as the most successful land development ever undertaken by a private railway company in Japan.

A performance booster for SOEs – McKinsey & Co. An analysis of reform measures regarding state-owned enterprises in Vietnam.

Investment Conference: ABAC Business Advisory Council, Jul 16 2012 With new FDI in Vietnam in 2012 likely to be one-half of 2010 levels, what about Vietnam and APEC’s Investment Facilitation Action Plan?

FDI into Vietnam continues to fall: down 27.3% in first half of 2012 FDI into Vietnam only registered US$ 5.96 billion in the first half of 2012, a sharp fall of 27.3% from the same period of 2011, and continuing the drop of 26% in 2011. If present trends continue, FDI in 2012 could be about one-half of FDI in 2010.

Myanmar: New challenges for Vietnam FDI FDI in Myanmar has skyrocketed since the country reopened its doors. From 2010 to 2011, it took in over US$ 20 billion in foreign capital, more than the amount it had received in the two previous decades. Of that number, China (including Hong Kong) is the largest foreign investor in Myanmar to the tune of US$ 15.5 billion followed by Thailand with US$ 9.56 billion, South Korea with US$ 2.92 billion, Britain with US$ 2.66 billion, and Singapore with US$ 1.82 billion.

OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOEs) The first international benchmark to help governments in improving the corporate governance of SOEs. They are based on and fully compatible with the Principles, but are explicitly oriented to issues that are specific to the corporate governance of SOEs.

ADB: Asian Development Outlook 2012 – Vietnam Outlook Safeguarding the banking sector should be the immediate priority. The longer-term requirement is to develop a diversified and efficient financial system that can mobilize the funding to meet the 7-8 percent economic growth target. These complex reforms, which will take years to complete, would benefit from coordination with the proposed restructuring of SOEs.

China + One = Vietnam and ASEAN ASEAN has the third-largest economy in Asia, after Japan and China. U.S. foreign direct investment (FDI) into ASEAN totaled $130 billion in 2007, the largest destination for U.S. FDI in Asia, and has grown 55% since 2004. As a developing region, ASEAN per capita income is low but its GDP is rapidly growing: an almost 170% increase over the past decade.

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

Raffle Prize Winners, USA Independence Day Celebration & Family Picnic
Welcome to new AmCham companies • Jan ~ Jun 2012
AmCham’s World Blood Donor Day 2012 in the News
Fr, Jul 13 U.S.-ASEAN Business Forum, Siam Reap, Cambodia
ASEAN and GMS Reap Rewards As Clinton Counters China • Visits Vietnam, Laos, Cambodia
Industrial Parks See Falling Investment in first half of 2012; FDI down 59% compared with 2011
FDI into Vietnam continues to fall: down 27.3% in first half of 2012
Vietnam – U.S. Trade Status and Outlook, 2011 – 2020e (Jun 26, 2012)
Lockheed Martin-Built VINASAT-2 Satellite Begins Service for VNPT
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.

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 about 1,000 representatives of nearly 500 AmCham companies, plus about 3,000 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).