Weekly Update Jun 13: World Blood Donor Day, Joint Networking, Palooza Party, Independence Day

Highlights

Tu, Jun 14 World Blood Donor Day – AmCham CSR Group Event
We, Jun 15 AmCham – EuroCham Joint Networking Night
Tu-We, Jun 14-15 “The 7 Habits of Highly Effective People” – POSTPONED
Tu-We, Jun 21-22 Global Labour Trends: Impact on Vietnam’s Labour Market
We, Jun 22, Young Professional Palooza Party
Sa, Jul 2, 2011 Independence Day Family Picnic and BBQ
Th, Jul 7 How to Manage a Crisis that Hurts Your Company’s Reputation?
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

Events, Meetings, Activities, and Special Offers for Members
110614 - World Blood Donor Day logo Organized by the AmCham Corporate Social Responsibility (CSR) Group for AmCham companies and staff.

Until Aug 31 “Spring and Summer” Offer at The Six Senses Con Dao Enjoy your stay at Vietnam’s newest International luxury resort at special promotional rates for an Ocean Front Villa or 3-Bedroom Villa. Special offer for Vietnam Residents.

We, Jun 15 AmCham – EuroCham Joint Networking Night

Su, Jun 19 Father’s Day at Legend Hotel Saigon Make Father’s Day extra special by treating him and family to Saigon’s most spectacular international buffet.

Tu-We, Jun 21-22 Global Labour Trends: Impact on Vietnam’s Labour Market What does Vietnam need to do to make its workforce the most competitive vis-a-vis its neighbours?

Jun 22 (HCMC), Jun 23 (Hanoi) Join us the live debut of the brand new Infor FMS SunSystems Enterprise VAS edition and meet with senior Infor and TRG International executives to learn about the newest global release of SunSystems Enterprise and its specific VAS (Vietnamese Accounting System) features.

We, Jun 22, Young Professional Palooza Party at Purple Jade at InterContinental Asiana Saigon Monthly networking event for young professionals at the coolest and latest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange.

July 4th Event Banner Ad

Th, Jul 7 How to Overcome the Complexity of the Foreign Contractor Tax in Vietnam will be organized by Irving Seminar and Training at the Legend Hotel. Our well-known experts will provide a detailed practical understanding of the application of the tax, so that you are able to determine the tax consequences of real-life cases.

Th, Jul 7 How to Manage a Crisis that Hurts Your Company’s Reputation? Most crises are usually guessed to come from the external causes, but the reality is that 75% of them are internally-originated. The Ogilvy Brandshield method breaks down into three main areas: Prevent, Contain, and Grow. Case studies will be presented throughout the presentation.

Th, Jul 14, Roundtable with Customs Department – SAVE THE DATE 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.

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 import rules to “fight fakes, not legitimate imports” From June 1, mobile phone, alcohol and cosmetics importers must obtain a letter of authorization notarized by a Vietnamese diplomatic mission in the country of origin. Then the products can be imported but only via one of three Vietnamese seaports.

Foreign groups, diplomats decry Vietnam import rules The rules are widely understood to have been introduced in an attempt to narrow the country’s trade deficit, which economists say is a potential drain on foreign exchange reserves and a drag on the dong currency.

Vietnam Govt to step up sales of state-owned enterprises and will not rescue failing banks, signalling plans to loosen the state’s grip on key parts of the economy.

Why U.S. Textile Groups Fear Vietnam in TPP Pact Textiles is a sensitive industry for the US, which fears that the free trade agreement will not only flood American markets with Vietnamese clothing, but also provide limited opportunities for US yarn and fabric makers. Specifically, a group of 52 US lawmakers linked to the textile industry sent a letter to US Trade Representative (USTR) Ron Kirk calling for tougher rules on Vietnam until it adopts free market principles

52 Congressmen Sign Letter Urging Textile Strong Rules of Origin in Trans-Pacific Partnership (TPP) Special market access rules should be negotiated for Vietnam’s “non-market economy;” the basic yarn-forward rule of origin for textiles and apparel should be adopted under the TPP with no loopholes; and customs enforcement rules must be strengthened.

U.S. should limit Vietnam market access in the TPP, 52 American Representatives asy “Noting Vietnam’s non-market economy status and the subsequent inherent advantages provided to its textile and apparel sector, special market access rules should be negotiated. Furthermore, Vietnam should be required to meet certain transparency and market-based economy benchmarks before gaining benefits,” the legislators said in the letter.

Personal Safety in HCM City Over the last several months, there have been reported and verified instances of pick-pocketing, bag snatches, and residential break-ins targeting the expatriate community. Additionally, two residential guards of an ex-pat residential compound were found murdered while on duty. Please take your own personal safety and security seriously in order to avoid becoming a victim.

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environment is essential to support modern manufacturing industry for global markets.

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

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

We, Jun 15 AmCham-EuroCham Joint Networking Night
Tu, Jun 14 World Blood Donor Day 2011
“The 7 Habits of Highly Effective People” – POSTPONED
We, Jun 22 AmCham Palooza Party
Sa, Jul 2 USA Independence Day Family Picnic
Tu-We, Jun 21-22 Global Labour Trends: Impact on Vietnam’s Labour Market

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

May 12Dr Le Dang Doanh: Re-gaining Macroeconomic Stability
.Presentation: Dr Le Dang Doanh – Vietnam Economy 2011
Apr 26Health Challenges and Risks in Vietnam
.Health Challenges and Risks in Vietnam: International SOS
Apr 21Strategic Approach to Employee Communications
.Building employee engagement: Ogilvy impact
Apr 20Developing an Anti-Corruption Compliance Program
.UK Bribery Act 2011: Milton Lawson
.Developing a Compliance Program & Internal Controls: Orsolya Szotyory-Grove
.Developing an Anti-Corruption Compliance Program: Sesto E Vecchi
.Vietnam Anti-corruption Law: Luu Hoang Ha

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).