Weekly Update Jul 30: CEO Roundtable, Legal Committee, Planning & Budgeting, Members Night

Highlights

Tu, Aug 7 Morning Briefing: Vietnam CEO Roundtable Talk (By Invitation)
Tu, Aug 7 Legal & VBF Liaison Committee
We, Aug 22 Morning Briefing: How to Successfully Penetrate the US Market
Mo, Sep 3 Vietnam’s National Foundation Day (observed)
Th, Sep 6 Food Industry Summit, Jakarta, Indonesia
Sa, Sep 8 AmCham Scholarship Information Session
Welcome to new AmCham companies • Jan ~ Jun 2012
Vietnam surpassed China as the leading producer of Nike footwear two years ago
Vietnam the next upcoming market: consumer spending to increase 42% by 2016
FDI into Vietnam continues its plunge during first seven months – down 67%
Industrial Parks See Falling Investment in first half of 2012: FDI down 59%
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.

Job Vacancy: English Teacher for Axela Mastery Program If native-speaker and Vietnamese teachers are interested in trying a new and more effective way to teach English, please send full CV to Ms. Thai Vu Huong, Mobile: 0913 602145 or email: [email protected]

Earn and Redeem Hyatt Gold Passport Points at Xuan Spa, Park Hyatt Saigon Hyatt Gold Passport Members may now earn or redeem Gold Passport points whether or not they are registered hotel guests. Patrons need only present their Hyatt Gold Passport account number, valid photo identification, and members can start earning five points for every eligible VND 20,800, equivalent to USD 1, spent at Xuan Spa during their spa experience.

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

Th, Aug 9 Planning & Budgeting in Vietnam: Top challenges and solutions Join other business professionals as our guest speakers take us through the journey to untie the knots that tie up planning & budgeting in Vietnam.

We, Aug 22 Morning Briefing: How to Successfully Penetrate the US Market Event is designed to help attendees pursue international contracts successfully; respond to customer demands effectively; and increase profits from international trade.

Th, Sep 6 Food Industry Summit, Jakarta: A Shared Vision in ASEAN To foster dialogue between leading industry associations in Asia, and share experiences of trade and regulatory priorities.

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 surpassed China as the leading producer of Nike footwear two years ago Vietnam made about 41 percent of Nike brand footwear, up from 39% the year before. China, 32 percent, down from 33 percent; and Indonesia, 25 percent, up from 24 percent.

Vietnam is the next upcoming market: consumer spending forecast to increase 42% 2012-2016 Many global companies already established in China, Brazil, and India are now turning their attention to Vietnam as the next great emerging market.

FDI into Vietnam continues its plunge during first seven months – down 67% year-on-year New FDI reached $ 5.2 billion, or about 56 per cent of the number at the same time last year. Expanding capital in existing projects “surged” by 5.2%

Esquel to build 2nd factory in Vietnam – $ 25 million investment in Hoa Binh Will supply Ralph Lauren, Gap, Lacoste, Liz Clairborne, Tommy Hilfiger, Giordano, Nike and M&S. Esquel has apparel manufacturing facilities in Malaysia, China, Sri Lanka and Mauritius.

Small U.S. Manufacturers Give Up on ‘Made in China’ Manufacturing in the U.S. is probably 2 percent to 5 percent cheaper after taking into account the time and trouble of outsourcing production overseas. “Factor in shipping and all the B.S. that you have to endure. It’s a question of, ‘How do I value my time at three in the morning when I have to talk to China?’ ”

Young Workers Give Southeast Asia an Edge Japan invested almost $ 20 billion in Southeast Asian nations in 2011, more than it invested in China and Hong Kong combined.

Race to Rangoon While Myanmar’s government is dropping a requirement that foreign investors can start a company here only with a local partner, one investor says trying to embark solo on such an endeavor would be courting disaster. “You need a local partner, otherwise you get killed,” he says. “I mean, guys have been killed getting into Boston.”

The New CEO: What it Takes in Today’s World financially astute, digital tech-savvy, strong leadership skills, vision, execution, and major international experience.

Top 100 U.S. Advertisers Boost Ad Spending but Not In Traditional Media According to a recent Ad Age study, the U.S.’ largest advertisers, namely Procter & Gamble Co., Unilever and L’Oréal, devote 10 percent of their ad budgets to digital.

Thai Son S.P. knitwear garment factory in New York City Aug 24-29 at the Marriott Courtyard Times Square. The team will meet with clothes designers and sourcing managers from 7 am until 10 pm.

U.S. weighs retail sweep after Wal-Mart bribery scandal Retailers have been reviewing their international operations in light of a bribery scandal at Wal-Mart Stores Inc’s operations in Mexico that is the subject of investigations by the Justice Department and the Securities and Exchange Commission.

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

Vietnam CEO Roundtable: Thrive in a Connected Economy (CEO/Invitation Only)
Welcome to new AmCham companies • Jan ~ Jun 2012
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
New Highway to Long Thanh International Airport
HSBC Sounds the Retreat from Vietnamese Finance Group
AmCham Scholarship 2012 Information Session
ASEAN and GMS Reap Rewards As Clinton Counters China
Human Resources Strategies Course by Dynamic Consulting, Sep 4-5
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).