Weekly Update Jun 27: Independence Day Family Picnic & BBQ, Crisis Management

Highlights

Sa, Jul 2, 2011 Independence Day Family Picnic and BBQ
Th, Jul 7 How to Manage a Crisis that Hurts Your Company’s Reputation?
Fr, Jul 15 Overseas Vote Foundation: Overseas U.S. Citizens Count
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

July 4th Event Banner Ad

Mo, Jul 4 American Independence Day at Legend Hotel Saigon Join the hotel for America’s birthday celebration with Saigon’s most spectacular buffet including traditional gourmet dishes

Th, Jul 7 How to Manage a Crisis that Hurts Your Company’s Reputation? Most crises are usually thought 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.

Overseas Vote Foundation: Overseas U.S. Citizens Count Americans living abroad are not counted in the US Census. Currently, there is no up-to-date estimate of the size of the overseas US citizen population. Understanding the size and location of our population is crucial to improving access to voting, social security and consular services; and for that we need your help.

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

Vietnamese worker killed at Taiwan factory strike in Hanoi Hundreds of striking workers had gathered at the premises of Giai Duc company seeking higher wages and subsidies for food and travel. The report said a guard of the company drove a small truck into the crowd, killing one and injuring six other workers.

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.

Inflation forces workers to find part-time jobs According to a recent report issued by the Ministry of Planning and Investment about the lives of poor people and workers, about 1.6 million people in 260 industrial zones and 15 economic zones were facing numerous difficulties because their salaries were not high enough to meet their basic needs.

Interpol hunts former executives of Vietnam ship-building corporation The warrants were issued at Vietnam’s request. Corporate malfeasance and the company’s vast expansion into areas outside shipbuilding left it with huge debts estimated last year at $ 4.5 billion.

One in five Vietnamese has hepatitus Around 18 million Vietnamese have contracted hepatitis and one-fifth of them have developed complication due to improper treatment, said Pham Hoang Phiet, chairman of the Ho Chi Minh City Liver and Gall Association.

Indochina Land wins three Real Estate Development & Design Awards for Montgomerie Links golf course, Indochina Plaza Hotel, and Hyatt Regency Danang.

IBM provides cloud computing for Lac Viet both infrastructure and management software, help the expansion of SaaS (software as a service) for corporate customers such as Vebrary, HRM and Master-Retail for digital library, human resources and retail management respectively.

Intel Products Vietnam looks for domestic suppliers Intel Vietnam had to date qualified 55 suppliers in Vietnam but almost all of them are Vietnam-foreign joint ventures and foreign-invested companies while Vietnamese-owned companies make up a small fraction.

U.S. says East Sea events “troubling” after Vietnam meeting Stability in East Sea is in the “common interests” of the international community, the U.S. and Vietnam said in a joint statement. Singapore urges China to clarify claim.

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.

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