Weekly Update Mar 12: Legal Committee, Miscommunication at Work, Social Media & Children


Welcome to new AmCham companies in 2012
Survey re: Career Day 2012
Member Survey 2012
AmCham Vietnam Direct Selling Committee – About Us
We, Mar 14 Sources of Miscommunication at Work – “Who, me?”
Fr, Mar 16 Social Media: Online Safety for Children • cancelled by organizer (AusCham)
Tu, Mar 20 Legal & VBF Liaison Committee Meeting (postponed from Mar 13 to 20)
We, Mar 21 Networking Night: Global Financial Markets, Vietnam Property Update
We, Mar 28 Palooza Party at Renaissance Hotel
Th, Mar 29 Members Night and Meet the U.S. Consulate General
Will taxes on U.S. citizens and companies abroad be increased or decreased?
Vietnam dropped from 12th to 14th on FDI Confidence Index
Bitexco Financial Tower: a new HCM City icon
Phu My Bridge: a new HCM City icon (text and YouTube video)

Events, Meetings, Activities, and Special Offers

Asia Pacific Business Outlook, 2012 (Mar 26-27) #4

Survey re: Career Day 2012 Over 400 AmCham Scholarships have been awarded to Vietnamese graduating college seniors over the period 2001-2011. We would like to offer career networking opportunities to these AmCham Scholar Alumni/ae to share their career development experiences, while AmCham companies learn more about the human capital. Pls click the link for a short survey to give us your viewpoint.

Welcome to new AmCham companies 18 new companies have joined AmCham in Jan-Mar. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

AmCham Vietnam Direct Selling Committee – About Us Misson Statement: “To protect, serve and promote the effectiveness of member companies and the independent business people they represent. To ensure that the marketing by member companies of products and/or the direct sales opportunity is conducted with the highest level of business ethics and service to consumers.” Direct Selling companies achieved revenues in Vietnam of over $ 133 million, with over 900,000 persons participating in the industry.

Mo-Su, Mar 12 – 18 Egg Tarts – A Hong Kong Delicacy in Saigon at Caravelle Indulge your Year of the Dragon cravings with the sweet flavor of freshly baked Chinese Egg Tarts and the soothing fragrance of hot tea. The Caravelle’s Lobby Lounge is preparing eight- and 16-piece takeaway boxes of tempting egg tarts still warm from Chef Chay’s oven.

We, Mar 14 Sources of Miscommunication at Work – “Who, me?” Insight about miscommunication at work; common dysfunctional interaction patterns between manager and staff; how the patterns work, how can you end up in them, and how to get and/or stay out of them. Human behavior; human communication.

Th-We, Mar 15 – 21 Seafood Show at Saigon Saigon Bar – Caravelle Forget salted peanuts. Refresh your taste buds with some sophisticated bar chow straight from the sea when you stop by Saigon Saigon Bar this March.

Fr, Mar 16 Brkfst Briefing: Social Media • Online Safety for Children Our children ARE talking … but are we listening ? Do you have fear, uncertainty or doubt about what your child is doing online? Would you like to have a better understanding of your child’s world? Is your child unknowingly jeopardizing his/her future with activity on Facebook? What about bullying…is that a concern for you or your child?

Fr, Mar 16 Baron Edmond de Rothschild – Wine Dinner at Caravelle Premium wine dinner with Baron Edmond de Rothschild wines from France & Argentina with the Chateau Clarke wine as the highlight of the night. The wine dinner will be conducted by Mr Florent J. Mougin, Brand Ambassador of the Edmond de Rothschild wines.

Fr-Su, Mar 16 – 18 Celebrate St. Patrick’s Day at New World Saigon Hotel Put on something green and join us to celebrate St. Patrick’s Day with a great selection of Irish specialties served with fresh Guiness, Irish coffee and green beer.

Wed, Mar 21 Networking Night: Global Financial Markets and Vietnam Property Update Join us for an exclusive Business Networking evening and receive an update on the global financial markets and Vietnam property market from Citibank and CBRE.

Th-Fr, Mar 22 – 23 Attend inexpensive, world-class Dale Carnegie seminars in Vietnam An opportunity for all leaders, managers and professionals that want to improve their personal skills as well as their organization performance to attend specialized seminars with an International Speaker right in Vietnam, with inexpensive investment.

Mon, Mar 26 University of Hawaii Executive MBA in HCM City – Information Session Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to attend a free-of-charge information session: University of Hawaii and its international recognition, UH Shidler College of Business and its AACSB accreditation, Program curriculum and our distinguished teaching faculty, Admissions requirements and application procedures.

Mo-Tu, Mar 26-27 Asia Pacific Business Outlook 2012 (Los Angeles) Access 17 Asia/Pacific Markets in 2 days! If you are doing business in the Asia/Pacific region, this is the one conference you can’t afford to miss. Find answers to your questions on 17 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with expert and insiders. APBO’s 25th Anniversary: since 1987, APBO has been the premier business conference focused on trade and investment in Asian markets.

Wed, Mar 28 Palooza Party at Renaissance Hotel Come and join us for a night of casual networking, meet other professionals, bring your business cards!

Thu, Mar 29 Members Night and Meet the U.S. Consulate General Get an update and key issues brief. And learn about the many services offered by the Consulate General to U.S. citizens and AmCham companies and staff. After the briefing, enjoy a cocktail reception with networking opportunities for many members.

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

Local students take part in Community Service and Leadership Training Conference Over 300 students, teachers and community leaders from schools all over HCM City gathered to share ideas and work together to explore problems we face as global citizens, as part of the International School Ho Chi Minh City (ISHCMC) Global Issues Network’s 1st Annual Conference. The theme of the conference was “Using our differences to make a difference.”

Vietnam’s Airports Welcome Foreign Investment (Long Thanh, Phu Quoc) The country has merged three state-owned, regional airport operators under one national, state-owned company that will begin operations April 1. The national body will be responsible for developing all airports across the country.

New Strategic Partners U.S. and Vietnam Begin Tough Trade Talks • Amb Raymond Burghardt The Trans-Pacific Partnership (TPP) free trade agreement was a major topic of interest at the APEC summit in Nov 2011. Nine Asia-Pacific countries, including the United States and Vietnam, are now engaged in negotiating this agreement.

Vietnam to Buy Bad Debt From Banks to Ease Risk of Collapse The finance ministry will buy collateralized bad-debt from commercial banks to strengthen their balance sheets, under a plan to overhaul the industry by 2015 that was approved by Dung. Vietnam aims to cut bad-debt ratios at state-owned banks to below 3 percent by 2015, according to a statement posted on the government website on March 2.

Bipartisan bill targeting Chinese subsidies goes to Obama The bill came after an appeals court ruled in December the U.S. Commerce Department did not have authority to impose countervailing, or anti-subsidy, duties on goods from “non-market economies”. The decision endangered countervailing duties on about two dozen goods from China and Vietnam worth more than billion in trade, as well as potential new duties in cases involving solar panels and wind turbine towers from China.

Vietnam Plans to Legalize Sports Gambling Singapore’s success in creating family-oriented resorts has piqued the interest of investors and governments hoping to replicate that model in other parts of Southeast Asia.

Vietnam: Two decades of development lessons Opening up to world trade and investment (and official development assistance, or ODA) is the only path for a country to get rich. Macroeconomic stability is a prerequisite for following that path: instability and high inflation, for example, lead to low foreign direct investment (FDI). Yet if you want equitable development – where more than an elite benefit – that rapid growth must be built on supporting households. Most importantly, that means giving households private ownership of their assets, a legal framework that protects that ownership, and a minimum of regulations and taxes on their ability to do business. In other words, encourage households to invest, make profits and keep them.

Sustaining Vietnam’s Growth: The Productivity Challenge (McKinsey Global Institute) Vietnam now needs to boost labor productivity growth by more than 50 percent to maintain its rapid growth. It can do so by (1) Stabilizing the macroeconomic environment; (2) Strengthening productivity and growth enablers to enhance competitiveness; (3) Shaping a coordinated, industry-specific government growth agenda by targeting investment; and (4) Improving government performance to deliver a growth agenda.

FDI rivals turn up the heat on Vietnam Vietnam dropped from 12th to 14th ranked on the FDI Confidence Index, while Indonesia, Malaysia, and others moved up. The Index is a regular survey of global executives conducted by A.T. Kearney. Companies participating in the survey account for more than $ 2 trillion in annual global revenue.

Vietnam – U.S. trade status and outlook, 2011 – 2020e Despite the difficult domestic and international economic environment, Vietnam – U.S. trade in 2011 continued its steady increase. Total bilateral trade in 2011 was about US$ 22 billion, with Vietnam’s exports to the U.S. about $ 17.5 billion (up 17%), and imports from the U.S. about $ 4.5 billion (up 19%), demonstrating once again that manufacturing foreign direct investment (FDI) and trade are strong and stable factors that support Vietnam’s economic and social development.

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

Business Lunch: FDI in Vietnam in 2012
Thu, Mar 29 Members Night and Meet the U.S. Consulate General (Members and Invited Guests)
Mon, Mar 12 Consumer Product Safety and Furniture Exports to the USA
FDI rivals turn up the heat on Vietnam
Survey re: Career Day 2012
Wed, Mar 28, AmCham Palooza Party
Wed, Mar 14 Sources of Miscommunication at Work – “Who, me?”
Will taxes on U.S. citizens and companies abroad be increased or decreased? (“territorial approach”)
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. 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 and view photos.

Preemployment Screening and Due Diligence in Vietnam
Presentation – Brian Dougherty, Hill & Associates
CBRE Fearless Forecast Feb 2012: Real Estate Overview
Greater Mekong Subregion Road System
House Ways & Means Committee Tax Reform Proposal • video and background
Other Event Presentations, Videos and Downloads

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 5,000 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).