Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.
Upcoming Events and Activities (next two weeks)
Plan ahead. Click here to see all upcoming Events and Committee Meetings
Singer Jen Woodhouse at the Park Lounge (Park Hyatt Saigon Hotel) Visit from 8pm to enjoy the beautiful voice of American singer Jen Woodhouse every evening (except Tuesdays) from January 24 to April 23, 2008.
SMART HR and Watson Wyatt announce 2008 Vietnam Total Rewards Survey, which provides significant insights into market practices that are very useful for companies to determine compensation and benefit packages. Participation will enable you to benchmark against others in major industries in Vietnam; validate information on market practices and trends; design competitive compensation and benefit packages; become eligible for attractive participant rates, and more.
Tu, Mar 11 Visual Workplace Workshop The Visual Workplace is “a comprehensive methodology for transforming the entire physical workspace and making work safer, simpler, more logical, more standardised, more fluid, more linked and far less costly – while ensuring that these outcomes are not just repeatable but sustainable.”
Tu, Mar 18 HCM City Workshop on Trading Rights and Distribution Rights with officials from the Ministry of Industry and Trade. The purpose of the workshops is to discuss Vietnam’s regulations on trading rights and distribution rights with enterprises, Vietnam’s WTO commitments in this area, problems enterprises encounter when these regulations are implemented and recommendations for changes in the regulations to make them more business friendly. Click the link for information and to register your interest in participating.
Tu, Mar 18 Logistics & Supply Chain Meeting with China Supply Chain Council Discussion meeting with China-based logistics/supply chain management executives, followed by a port tour and briefing on port development plans for the Southern Key Economic Zone. Click the link for details and to register online.
We, Mar 19 Hanoi WTO Implementation (Trading Rights, etc.) and U.S.-Vietnam Trade & Investment Framework Agreement. Review Vietnam’s implementation of WTO Commitments, including Trading Rights and Distribution Rights, as well as update on the U.S.-Vietnam Trade and Investment Framework Agreement with David Bisbee, U.S. Trade Representative Director for ASEAN. This session will only take place in Hanoi; there will not be a similar meeting in HCM City.
Th, Mar 20 Hanoi Workshop on Trading Rights and Distribution Rights with officials from the Ministry of Industry and Trade. The purpose of the workshops is to discuss Vietnam’s regulations on trading rights and distribution rights with enterprises, Vietnam’s WTO commitments in this area, problems enterprises encounter when these regulations are implemented and recommendations for changes in the regulations to make them more business friendly. Click the link for information and to register your interest in participating.
Th, Mar 27 Central Vietnam – a New Fortune for Investment and Development Investment opportunities in Danang, Hue, Dung Quat, and other cities and economic zones in Central Vietnam. Click the link for more details and registration.
Th-Fr Apr 17-18 Vietnam Tourism Property Opportunities Conference and Exhibition will introduce Vietnam’s real estate potential and opportunities in hospitality, entertainment and leisure to investors. Over 250 major real estate projects of resorts, hotels, villas, golf, entertainment & leisure wil be exhibited at this special Event, the Only Chance to Build up your relationship with Provinces of Vietnam. A special opportunity to meet directly with your local partners & govt. decision makers. They are top key leaders from 16 provinces with the best tourism & real estate potentials in Vietnam. Click the link for more information and to register online.
News and Issues Updates
New member and associate companies. Click on the link to learn more about the latest companies to join AmCham.
Postponement of the 3rd Euromenty Vietnam Investment Forum. The Government of Vietnam has requested that Euromoney postpone this year’s Vietnam Investment Forum on March 11-12, 2008.
Government explores options to get a grip on inflation Vietnam’s measures to curb inflation, which has quickened to a 12-year high, may be “crude” but will help the country in the long term. “They don’t have sophisticated tools, so what was done was a bit crude, and the market has certainly reacted sharply,” referring to the Ho Chi Minh Stock Exchange index, which has tumbled this year as authorities tightened monetary conditions. Short-term volatility in Vietnam’s financial markets is necessary for “consolidation,” so the Southeast Asian country can address key issues such as inflation and its widening current account deficit. This will build investor confidence for its medium- to long-term growth prospects.
HCMC investors dump shares, index crashes to floor (608.88 points) The situation in Vietnam is more ‘supply and demand’ or liquidity-driven rather than valuation-driven. As such it is not impossible for the PE to go below the regional average. The trailing 12-month price per earning (P/E) for HCMC market and Hanoi market are 16.1 and 17.3 times respectively. This is more in line with the average of Asia regional markets PE of 16.
Vietnam juggles inflation, stocks Now, with the country’s benchmark VN Index down 37% so far this year, and off 18% in just seven days, some are calling on the government to step in and support shareholders. Others hope steps by the government aimed at cooling off the property market will push speculators out of real estate and back into stocks.
Foreign firms say Shanghai, China losing competitive edge: many plan to move to Vietnam Fifty-four per cent of respondents thought China’s competitiveness is waning. 63 per cent plan to capture lower labor costs by shifting to Vietnam. The survey by the American Chamber of Commerce in Shanghai and consulting firm Booz Allen Hamilton said seven out of 10 respondents cited appreciation in the Chinese yuan as a key reason for lost competitiveness.
Siemens amnesty plan assists probe of corrupt payments (FCPA) Corruption at Siemens was “systemic” in recent years There was a cultural acceptance that this was the way to do business around the world, and we have to change that. Siemens hopes to start negotiating a settlement soon with U.S. authorities, who are investigating Siemens under the U.S. Foreign Corrupt Practices Act.
Click this link for more News Highlights – Business, Trade and Investment in Vietnam and Asia.
Event Presentations, Downloads, and PHOTO ALBUMS
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.
Presentation: Grade A office rents in HCMC to reach US$ 100/sqm. Can you afford it? Rising office rents affect us all, whether your company is in a shop house or a Grade A office tower. Savills Vietnam believes Grade A rents will top US$ 100 per sqm in the next 2 years. Have you planned for this in your budgets? Couldn’t attend the lunch on Th, Feb 28? Click the link to download the presentation and find out where the market is going and decide how it affects your business.
Online Membership Directory Looking for information on AmCham members? Click here to browse the Online Membership Directory for information about and contact points for our 400 member and associate companies, and about 800 representatives. Also with links to their company web sites for even more information about American and international businesses in Ho Chi Minh City.
Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of 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.