Weekly Update Mar 19: Legal Committee, Global Financial Market & VN Real Estate, Members Night

Highlights

Welcome to new AmCham companies in 2012
Survey re: Career Day 2012
Member Survey 2012
AmCham Vietnam Direct Selling Committee – About Us
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 Riverside Hotel
Th, Mar 29 Members Night and Meet the U.S. Consulate General
Inside the Chinese Boom in Corporate Espionage
FDI Rivals Turn Up the Heat on Vietnam
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.

We will help you work your way Regus provides modern, flexible workspace that frees businesses of all sizes, all over the world, to work more effectively. Companies can take a fully-equipped office, desks to use part time, rent a professional meeting room. However they use Regus, they get all the support a business needs.

Business lunch at Saigon Saigon Bar, Caravelle Hotel At lunch, salads, gourmet sandwiches and desserts are served. Classic choices include smoked salmon and avocado salad, tomato & feta cheese salad, classic turkey club sandwich, and Asian shrimp & pork hash. End lunch with a signature dessert like ice mousse nougatine or chocolate espresso ice-cream. Open daily from 11am until late.

We, 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.

Su, Mar 25 (HCMC), Apr 15 (Hanoi) RMIT’s Open Day 2012 Commence your exploration today and discover how RMIT Vietnam can help you to reach horizons you may never have imagined.

Mo, 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.

Tu, Mar 27 The Chateau Ste. Michelle Wine Dinner at Sheraton’s Signature Restaurant Chateau Ste. Michelle is known as the one of the oldest and most acclaimed vineyards in the Columbia Valley. The winery combines old world winemaking tradition with new world innovation. Enjoy a dinner at Sheraton’s Signature Restaurant with a selection of fine wines from Chateau Ste. Michelle and a perfectly matched degustation menu created by our Executive Chef Adam Tanner.

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

Th, 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

PEB Steel Buildings has just been awarded the Golden Dragon Award 2011 PEB Steel Buildings Co., Ltd , a leading manufacturer of steel buildings with 18 years solid experience in Vietnam, has been awarded the 2011 Golden Dragon Award for “Most Innovative and Green Steel Buildings” in the Construction & Construction Materials sector. The award recognizes the achievements of foreign-invested companies that have contributed to the development of Vietnam’s economy.

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.”

$ 100 million commercial centre to be built in HCM City by Saigon Co-op and Mapletree Company, two leading real estate groups from Vietnam and Singapore. HOK, a leading global design with HQ in the U.S. is responsible for designs, architecture, and decorations. SC VivoCity will be built on 72,000sq.m, including 5 stories and basement.

PepsiCo inaugurates sixth beverage plant in Vietnam, with a land area of more than ten hectares and a capacity of 180,000 liter per year, making it one of the largest PepsiCo beverage plants in Vietnam. The plant will provide jobs for more than 2,000 direct laborers and thousands of indirect laborers.

FDI: strong driving force for Vietnam’s economy “Without FDI, the nation’s economy must have stood at about a meager growth rate of 3-4% annually for the last 25 years,” said Professor Nguyen Mai, chairman of the Vietnam Association of Foreign Invested Enterprises.

Infrastructure vital to boosting FDI: JETRO “Investors are highly conscious of the macroeconomic and infrastructure situation in Vietnam. The stability of the exchange rate, interest rates, the trade balance, pricing, and wage issues are all key factors in deciding on an investment destination.”

Vietnam looks to escape labour trap by offering incentives to foreign vocational schools, which would be developed using investment forms including wholly foreign-owned investment, joint ventures and public-private partnerships. 32% of foreign investors in Vietnam said the shortage of skilled workers was the biggest reason they were not operating at full capacity.

Vietnam encourages FDI in hi-tech sectors, but still installs barriers Compal, the computer manufacturer in Vinh Phuc province, has warned that with the current mechanism, even the big investors in Vietnam would leave or do not intend to expand their business in the country.

Inside the Chinese Boom in Corporate Espionage A far-reaching industrial espionage campaign has been in the works for years and targets a swath of industries: biotechnology, telecommunications, nanotechnology, and clean energy. One U.S. metallurgical company lost technology to China’s hackers that cost $ 1 billion and 20 years to develop. An Apple global supply manager pled guilty in 2011 to funneling designs and pricing information to China and other countries; a Ford Motor engineer was sentenced to six years in prison in 2010 for trying to smuggle 4,000 documents, including design specs, to China.

Tragedy at public hospitals Vietnamese patients spend around $ 1 billion per annum for treatment at hospitals in Singapore alone. The number of Vietnamese patients who go to Thailand, South Korea and other countries for treatment is also high.

Over 79,000 Companies Dissolved In 2011 By the end of 2011, there were 622,977 companies in Vietnam but 79,014 were dissolved, including 41,357 Joint Stock companies.

Downtown car tolliing scheme to be presented to National Assembly Monthly fee ranging from VND180,000 to VND1.44 million for automobiles and an annual fee of VND80,000-150,000 for motorcycles.

NYC Mayor Bloomberg Plans Trip to Singapore and Vietnam Mar 19 – March 24. He will deliver a lecture on urban sustainability and deliver awards on behalf of his philanthropic foundation.

Vietnam to test-run first alumina plant in early Q2-report Vinacomin has forecast alumina output at the $ 460 million Tan Rai plant at 300,000 tonnes this year, around half its projected annual capacity, ramping up to 500,000 tonnes in 2013 and 650,000 tonnes in 2014.

Vietnam polluter must compensate farmers So far 271 farming households have filed petitions demanding the company pay a total of nearly 19 billion (US$ 913,000) in damages.

Hanoi emerging as a destination for foodies In 2010, the website Sherman’s Travel ranked Hanoi, Vietnam’s second-largest city after Ho Chi Minh City, as the No. 2 foodie destination in the world, behind Barcelona, Spain, and ahead of Rome and Tokyo.

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.

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

Welcome to new AmCham companies in 2012
We, Mar 14 Sources of Miscommunication at Work – “Who, me?”
FDI rivals turn up the heat on Vietnam
We, Mar 21 Business Networking Night: Global Financial Markets and Vietnam property update
Survey re: Career Day 2012
Bitexco Financial Tower: a new Ho Chi Minh City Icon
We, Mar 28, AmCham Palooza Party at Renaissance Riverside Hotel
The Phu My Bridge: a new Ho Chi Minh City Icon (text and YouTube video)
AmCham Vietnam Direct Selling Committee: About Us
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).