Weekly Update Jul 18: UHawaii EMBA Info

Highlights

Photo Highights: AmCham’s July 4th Picnic
Photo Highights: AmCham’s World Blood Donor Day, Jun 14
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

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.”

Le thi Thu Huong, Deputy Director, HCMC Tax Dept“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.

GE 1.5 - 82.5 Wind Turbines for Bac Lieu wind farmFirst 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)

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

Photo Highights: AmCham’s July 4th Picnic
Fr, Jul 15 Roundtable with HCMC Customs Department for Importers/Exporters
We, Jul 20 U.Hawaii Exec-MBA Info Session
Asian Development Bank’s “Skills Enhancement Project” Loan to Vietnam, 2010-2016
FDI down as investors chill

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
Jul 2Photo Highights: AmCham’s July 4th Picnic
Jun 17Members Night TPP Briefing & Networking
.Photo album (11 photos)
Jun 14World Blood Donor Day 2011
.News Highights: AmCham’s World Blood Donor Day
.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).