Weekly Update Jun 20: Palooza Party, Independence Day Family Picnic & BBQ, Crisis Management

Highlights

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

July 4th Event Banner Ad

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.

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?

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.

We, Jun 22, The Kellogg-HKUST EMBA program stands in a class of its own — the World Class We create a truly exceptional environment, in which top-notch professors from the world’s leading business schools share their insights with an elite group of executive participants. Take the ultimate step to the peak – Join the World Class.

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’s Appeal Diminishes as Labor Strikes Increase 336 strikes in Jan-Apr 2011 have dented Vietnam’s goal of attracting foreign investors by offering a reliable workforce with minimum wages now half those of China. Planned foreign direct investment into Vietnam fell 48 percent in the first five months of 2011, to $ 4.7 billion.

VND to continue to weaken, Credit Suisse Says: VN GDP Forecast Cut “There are reasons to believe that this is only a temporary phenomenon before another episode of instability. A combination of higher inflation, slower growth, and signs of financial distress are likely to spark concerns among investors in the coming months.”

Mitsubishi Electric sets up Vietnam sales company and targets annual sales of US$ 95 million by 2016.

ADB sees room for Vietnam interest rate hike Vietnam has been grappling with some of the highest inflation in the world. It has ratcheted up key interest rates since late last year and pledged a raft of other measures, including lower credit and money supply growth and fiscal tightening.

Privus Mobile Rolls Out National Mobile Carrier ID Service in Vietnam Vietnam has emerged as a global leaders in wireless infrastructure, with complete 3G coverage and one of the ten largest consumers of mobile Internet advertising data in the world. Nearly 80 percent of the country’s population uses a mobile phone, while only one-third uses landline phone services. Offering caller ID services for mobile phones allows the country to maintain its leading position in global telecommunications as well as to stay ahead of the globe and on top of growing mobile trends and user needs.

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.

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.

Computing Tips from the AmCham Webmaster

Not receiving AmCham’s weekly update emails? Then, please check your spam of junk mail folder. To insure that you receive all future communication from AmCham, please add our email address to your address-book and to your “safe list” or “white list” (if applicable).

Weekly Update emails are sent from [email protected], If you use a SPAM Filter please add this address to your email address book or “Whitelist.”

Please click this link if you want to update your email address.

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates (Past Issues).