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
Jul 15 to Sep 30, Short and Suite Summer Getaway at Park Hyatt Saigon Share the “suite” memories with your other half by spending a leisurely night pampered in a Park Suite, with early check in on Saturday and late check out on Sunday. Your suite experience is further enhanced with one 60 minute aromatherapy massage for 2 people, and a Sunday Prosecco brunch at Opera for 2. Other dining options during your stay are also offered at a 10% discount.
SPACE FOR LEASE Approx. 254m2. Prime location in a luxury five-star hotel in the center of Ho Chi Minh City
Su-Fr, Jul 17 – 22 Oyster Heaven Opens at the Caravelle It’s that time again in Vietnam, when fishermen haul in heavy nets filled with the briny fruits of the sea. The delectable oyster is in the spotlight this July, as the Caravelle presents the mysterious mollusk at three of its most popular dining venues.
“Your Passport to Life” by Life Resorts The newest excuse to get some sand between your toes, ‘Your Passport to Life’ promo offers special prices to residents who stay at any of the four-star Life Resorts properties within their specified 30-day period. And this August is exclusively for residents from the US and Canada.
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.
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
Code labours to strike right balance The draft Labour 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. The extensive consultations by the diverse stakeholders in the draft amendments and the progress that has been achieved through them are an encouraging sign that this process will reach a successful balancing of interests, but success should never be taken for granted.
13th National Assembly’s first session, Jul 21 – Aug 3, will focus on personnel The NA will elect its Chairperson and Vice Chairpersons of the NA, and members of its Standing Committee, the State President and Vice State President, the Prime Minister, the Chief Judge of the Supreme People’s Court, and the Head of the Supreme People’s Procuracy, as well as approve government members.
Minimum Wage Adjustment (MWA) considered for Oct 1, three months early Wildcat strikes by city workers have become “serious” and relevant agencies should not consider it a normal issue, Le Thanh Hai, chief of the Ho Chi Minh City Party Unit, said at a conference on July 12.
Macroeconomic instability causes FDI to shrink by one-half “The slowdown in FDI disbursement can only be explained by investor concerns over macroeconomic risks in Vietnam.”
IMF says Vietnam interest rate cut may “confuse the market” “This rate cut’’ timing was particularly surprising given government and central bank officials’ recent pronouncements about their commitment to fight inflation.”
“Vietnam lacks effective anti-transfer pricing measures” – HCM City Tax Department “It is necessary to take drastic measures against FIEs who have reported losses for years but have continuously expanded their business.
Circular 66 currently is the base for transfer pricing fighting with five price calculation and comparison methods.”
Unique FDA Approved Plastic Bottle Recycling System to be Installed in Vietnam to recycle up to 1.5 billion plastic bottles made of PET, a type of plastic, per year with savings of up to 60 percent when compared to currently available recycling systems.
Banks lend $ 1.4 billion to Mong Duong 2 thermal power plant in Quang Ninh, Vietnam The first disbursement is expected next month for the 1,240-megawatt plant in the coal hub province of Quang Ninh, AES-VCM Mong Duong Power Co said in a statement, adding the build-operate-transfer (BOT) plant is Vietnam’s largest private sector power plant.
First wind farm in Vietnam’s Mekong Delta (Bac Lieu) will be powered by 16 MW of GE Technology Local Developer Selects GE’s 1.6-82.5 Wind Turbines Because They Offer a Good Fit for the Region’s Wind Conditions. With an installed base of more than 2,000 megawatts, GE equipment today supplies approximately 18 percent of Vietnam’s power generation capacity.
PetroVietnam Eyes ConocoPhillips’s Vietnam Assets ConocoPhillips Sr VP of Planning and Strategy Alan Hirshberg said in May the company was looking at leaving countries where it has a small presence.
USS Chung-Hoon (DDG-93)
U.S., Vietnam to hold joint naval activities in Danang starting July 15 “We’ve had a presence in the Western Pacific and the South China Sea for 50 to 60 years, even going back before World War II,” Rear Adm. Tom Carney, who is leading the naval exchange, told reporters in Danang, according to AP. “We have no intention of departing from that kind of activity.”
Vietnam open to cooperate in Australian banknote bribery investigation Two firms, partly or fully owned by the Reserve Bank of Australia, were charged with bribing foreign public officials in Malaysia, Indonesia and Vietnam between 1999 and 2005.
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
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
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Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates (Past Issues).