Weekly Update Mar 24: U.S.-Vietnam Apparel Trade, International Arbitration

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.

Executive Business Mission Study Abroad – USA Program Vietnamese business executives visit the USA from April 24 to May 4, 2008, to meet with American companies, and to complete an executive education program at California State University to learn global management skills and enhance their ability to do business with American companies. To prepare, the executives will follow a series of courses on key areas of global management taught in Vietnam prior to departure. Click the link for more information and to download a registration form.

Th-Su, May 1-4 Phan Thiet Family Weekend and Golf Outing It’s not too soon to plan a fun weekend at the Novotel Coralia and Ocean Dunes Golf Club. Laze away in a lounge chair by the pool or ocean, or there are lots of available activities, including a two-day golf tournament. Welcome Cocktail Party, Gala Sea-Side Dinner, accompanied by fine wine, under a starry sky. Lots of activities for kids, too. Click the link for information and to download a registration form.

VCCI-AmCham Business Mentoring Program The Vietnam Chamber of Commerce and Industry, supported by AmCham, EuroCham, and the 2030 Business Club, will launch a Business Mentoring Program to help young Vietnamese entrepreneurs learn the the best experiences from successful entrepreneurs and international managers so as to overcome challenges. Click the link for more information and to register to be a business mentor.

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, Mar 27 Members Lunch: U.S.-Vietnam Apparel Trade, with U.S. Commerce Department Deputy Assistant Secretary Matt Priest, who is visiting HCM City to meet with Vietnamese government and industry officials, as well as AmCham members and FDI “partner factories.” U.S. imports of apparel from Vietnam accounted for 43% of total U.S. imports from Vietnam in 2007, so the apparel sector is very important to Vietnam’s economic and social development.

Mo, Mar 31 Members Lunch: Presentation on International Arbitration and Amicable Dispute Resolution, followed by Forum Discussion on the Role of International Arbitration in Vietnam. with Jason Fry, Secretary General of the ICC International Court of Arbitration, and Vu Xuan Phong, VP, Vietnam International Arbitration Centre.

We, Apr 2 Emerson Energy Logic Roadmap A vendor-neutral roadmap that can reduce a data center’s annual energy consumption by 50%. The three main concerns are power, space and cooling. Using a unique ‘cascade effect’ to show where energy losses in the data center occur, Emerson’s Energy Logic not only reduces power costs, but can also help free up to 2/3 of floor space, increase precision cooling capacity by 40%, and improve UPS capacity by 1/3. Click the link for more information and to register online.

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.

All upcoming events …

New member and associate companies. Click on the link to learn more about the latest companies to join AmCham.

News and Issues Updates

News highlights about business, trade and investment in Vietnam and Asia …

Vietnam rice troubles could affect region Vietnam is the fifth-largest rice producer and number three exporter in the world, and last year’s troubles hit some of the best rice-growing areas, The troubles have helped lead to spiralling prices, with many nations relying on Vietnamese exports. Prices have soared to more than 700 dollars a ton, more than three times the rate of five years ago.

Vietnam faces loose network security, data protection The risk of data and network security breaches is at an alarming rate. In 2007, some 25 percent of major Vietnamese websites are vulnerable to hackers’ attacks, and 95 percent of personal computers were infected with viruses.

Record-breaking year for FCPA enforcement 2007 saw the government up the stakes in FCPA enforcement by filing an unprecedented 15 cases against individuals; by a country mile, the largest number of individual prosecution in any one given year in the entire 30-year history of the FCPA. The SEC and Justice Department made inroads in confirming the extensive jurisdictional reach of the FCPA. For example, foreign subsidiaries of U.S. issuers that were expressly excluded from the FCPA, can now be brought in as “agents” of U.S. issuers.

Inflation tests Vietnam’s growth In particular, discontent over increased inflation is on the rise in the industrial sector, the backbone of Vietnam’s export-driven economy. That’s been witnessed in the growing number of industrial disputes and strikes over wages and work conditions, which to date have disproportionately hit foreign-invested firms, which account for 60% of Vietnam’s exports.

Click this link to read these and 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.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with about 100,000 visitors and 250,000 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 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.