Weekly Update Mar 14: Meet the U.S. Consulate General, VN Competitiveness Index

Highlights

Tu, Mar 15 Morning Coffee: Meet the U.S. Consulate General
Fr, Mar 18 Special Lunch: Vietnam Provincial Competitiveness Index 2010
Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles
Tu, Mar 29 U.S. Currency and How to Detect Counterfeit (Morning Session)
Tu, Mar 29 U.S. Currency and How to Detect Counterfeit (Afternoon Session)
We, Mar 30 Young Professionals Palooza Party @ Bernie’s Bar & Grill
Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled)
Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements
Tu, Apr 5 Cloud Computing: Opportunities and Challenges in Vietnam
We, Apr 6 Mercer 2011 Vietnam Total Remuneration Survey Info Session
We, Apr 20 Developing an Anti-Corruption Compliance Program
Th, Apr 21 A Strategic Approach to Employee Communications
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

Mar 1-31, Two Night Package from US$ 599++ at Six Sense Con Dao Package includes two nights accommodation in an Appointed villa; daily breakfast; round trip transfer on Con Dao; and one set 2 course dinner excluding beverages. For US$ 799++ we can include two airfares. Rates are based on double occupancy. Local Residents cards must be shown upon arrival.

Fr-Mo, Mar 11-14 Vietnam International Furniture & Home Accessories Fair Exhibition of Vietnamese furniture, handicraft fine arts, and other wood products. Organized by the Handicraft and Wood Industry Association of HCM City.

Tu, Mar 15 Morning Coffee and Meet the U.S. Consulate General Introductions and key issues updates brief from the U.S. Consulate General. AmCham companies and staff and invited guests are welcome and encouraged to attend! Meet the Consul General, Mr. An Le, and Key Officers, including …

Business Opportunity for a foreign company that has or wants to have an outsourcing operation in Vietnam. In 2005, Connexus Corp (www.connexuscorp.com) established a Vietnam subsidiary, which is a 100% foreign-direct investment. This subsidiary performs software development (Java, PHP, Python/Erlang, Ruby-on-Rail), business operations (setting up online ads, reporting/billing), and production support (system administration, database administration) for Connexus Corp. Currently, Connexus Corp has an interest to sell or transfer ownership of this subsidiary to a foreign company who has or wants to have an outsourcing operation in Vietnam. Please send an email to [email protected] for more information.

Fr, Mar 18 Special Lunch: Vietnam Provincial Competitiveness Index 2010 Assess and benchmark the performance and capacity of all 63 provincial and city governments within Vietnam to develop business-friendly regulatory environments for private sector development.

Mo-Su, Mar 21–27 Italian Wine Dinner at Opera Restaurant in Park Hyatt Saigon Chef Michele Gulizzi will bring together the sophisticated regional diversity of Italian cuisine and introduce his delicate Italian Wine Dinner creation with a five course authentic menu complemented by a distinct wine pairing, with vintages from different regions of Italy – Tuscany, Sicily and Veneto.

Sa, Mar 26 Gala dinner with Guest Chef Samuel Zucca from Italy As a highlight of the promotional week, we invite you to join our Italian Gala Dinner with Guest Chef Samuel Zucca. A delicious Italian six-course set menu paired with elegant wines from Marchesi de Frescobaldi will be offered during the eventing. The ballroom will welcome you in a festive Italian ambiance where professional Italian live piano music will complement the atmosphere.

Mar 23-25 and 29-30 Dale Carnegie Vietnam offers a once-a-year only opportunities to experience the world renowned Dale Carnegie Courses Breakthrough Leadership (Mar 23-25) and High Impact Presentation (Mar 29-30), delivered by our Master Trainer. This is a rare opportunity to invest in personal development in crucial leadership skills to motivate, influence and inspire your organization to achieve higher business performance.

Mar 24 Seminar on Financial Consolidation for Success Best practices for creating and governing a data and decision making infrastructure for achieving success with performance management. How to create a single version of the truth, deliver pervasive Business Intelligence, measure things that matter, and improve the quality and effectiveness of decisions.

APBO 2011 Asia Pacific Business Outlook
Access 14 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 14 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with expert and insiders.

Th, Mar 31 Business Networking Night @ Bitexco Financial Tower (rescheduled) to Mar 31 instead of Mar 24. Let’s meet up at Ho Chi Minh City’s new icon. At 262 meters, BFT is Vietnam’s tallest. 68 floors of office space, 6 basement floors of parking and a 5-floor retail podium. 100,000 square meters of commercial space was created in the building which opened in October 2010.

Tu, Apr 5 How to Meet U.S. Food & Drug Administration (FDA) Import Requirements The export of food and beverages from Vietnam to the United States continues to grow, and will likely do so for many years to come. However, developing a successful export strategy has become even more challenging for Vietnamese firms over the past several years. Before carelessly shipping off that next container load, you need to be aware of a number of old and new regulations that can cause great harm to your company’s finances and reputation. This seminar is designed to enlighten you on how to avoid the most common mistakes made by food exporters.

Tu, Apr 5 Cloud Computing in Vietnam: Opportunities and Challenges Cloud computing has the potential to generate a series of disruptions that will ripple out from the tech industry and ultimately transform many industries around the world. The cloud’s ability to access, analyze, store and share information could change our business and personal lives in ways hard to imagine. Vietnamese IT services spending is forecast to reach around US$ 348mn in 2011, as the market approaches US$ 551mn by 2015. IT services now accounts for around 18% of total Vietnam IT spending. Growing demand for digital infrastructure projects in segments such as banking, telecoms, energy and government has attracted global IT services providers to invest more in Vietnam.

We, Apr 6 Mercer Vietnam 2011 Total Remuneration Survey (TRS) Info Session Today’s Human Resource professionals are seeking solutions to build a consistent pay strategy. There is a need to maintain external competitiveness while maintaining internal equity. Mercer’s Total Remuneration Survey (TRS) collects compensation and typical benefits information to help you to gain understanding of key remuneration issues in Vietnam, evaluate the competitive position of your company, and much more.

We, Apr 20 Developing an Anti-Corruption Compliance Program

Th, Apr 21 A Strategic Approach to Employee Communications A fundamental internal communications approach that supports and aligns with a company’s business performance. A strategic approach within a company that builds a higher level of understanding and support among employees for achieving company goals and objectives.

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

ADB Agrees to Lend Vietnam $ 540 million for HCM City Metro Line No. 2 Total investment for the project is about $ 1.37 billion, according to a separate government statement handed out at the signing ceremony today. Construction will start in 2012 and a test run is planned for 2016, the statement said. Total cost of HCMC’s metro rail system is estimated at $ 7.5 billion, to be completed by 2020.

ADB $ 2.8 billion investment program to provide clean water for millions of Vietnamese families As much as 30% to 40% of water lost before it reaches the end consumer, due foremost to leaky pipes. Water loss contributes to intermittent service from low pressure. ADB is providing $ 138 million for the program’s first project in Ho Chi Minh City, where many poor households are not yet connected to piped water systems, and are paying almost twice the official water tariff.

Vietnam raises key interest rates Vietnam has one of Asia’s strongest inflation rates, which analysts blame on a mixture of muddled economic policies, loose credit and other factors. The country’s problems have been exacerbated by a persistent trade deficit that has undermined confidence in the Vietnamese currency, the dong.

Vietnam moves to ban dollar trade State-run Vietnam Television late Wednesday reported that police arrested four people in Hanoi in connection with a transaction involving the exchange of $ 400,000 for 8.5 billion dong.

Ball and partner (Thai Beverage Can) will build beverage-can factory in Vietnam The $ 45 million plant will open in the first half of 2012 in Vietnam’s Southern Key Economic Region’s Binh Duong Province, with a capacity of 850 million cans/year.

Dunkin’ Brands to Expand in Asia Vietnam is one of the most attractive markets in which the company doesn’t currently operate, Mr. Travis said. The company is looking for partners there and hopes to begin adding outlets within 18 months. “It’s a mini-China,” he said of Vietnam.

Three thousand workers strike at Japanese car plant in Vietnam Workers were demanding a 400,000-dong (19-dollar) wage increase per month, about 20 percent increase.

Internet in Vietnam disrupted from severed “Asia-America Gateway” cable off Vung Tau The Asia-America Gateway is a 20,000 kilometer submarine communications cable system, connecting South-East Asia with the USA mainland, across the Pacific Ocean via Guam and Hawaii. It has Pacific landing points at the Philippines, Hong Kong, Malaysia, Singapore, Thailand, Brunei and Vietnam.

VTN and Ciena complete successful coherent 100G network trial across Vietnam Unique coherent and electronic dispersion compensation technologies, where Ciena has a two- and five-year development lead respectively, allow VTN to upgrade individual wavelengths to 100G with the simple addition of transponder cards while utilizing existing fiber assets and reducing operational cost and complexity.

8 habits of highly effective google bosses “You don’t need to change who the person is. If I’m a manager and I want to get better, and I want more out of my people and I want them to be happier, two of the most important things I can do is just make sure I have some time for them and to be consistent. And that’s more important than doing the rest of the stuff.”

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 environ

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.

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

Mar 11-14 Vietnam International Furniture & Home Accessories Fair
Tu, Mar 8 Legal Committee Meeting
Fr, Mar 18 Vietnam’s Provincial Competitiveness Index (PCI) 2010
Tu, Apr 5 Cloud Computing: Opportunites & Challenges in Vietnam
Tu, Apr 12 Hung Kings’ Festival Day 2011
Tu, Mar 8 Women’s Day at Legend Hotel Saigon
Mar 1-31, Two Night Package from $ 599 at Six Senses Con Dao
Tu, Apr 5 How to Meet U.S. Food & Drug Administration Import Requirements

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

16 DecInvestment & Trade with Vietnam’s Southern Key Economic Region
14 Dec2010 Annual Report: Slides Notes
23 NovCai Mep Deepwater Ports: Vietnam’s Trans-Shipment Hub for ASEAN
.Presentation: Cai Mep Deepwater Ports
16 NovMembers Lunch: Vietnam’s Consumer Trends 2010
.Presentation: Vietnam’s Consumer Trends 2010
11 NovAAFA Briefing on U.S. Trade Policy: Implications for Vietnam
.Presentations on U.S. Trade Policy: Implications for Vietnam
.Welcome: Sesto Vecchi, Governor & Managing Partner, Russin & Vecchi
22 OctWork Force Development in Vietnam
.Presentation by Roma Arellano, Intel, and Jeff Goss, Arizona State Univ.
14 OctTowers, Watson 2010 Global Survey: Talent Management & Rewards
.Presentation by Yvonne Cox, Managing Director, Southeast Asia

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).