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
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-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.
Sat, Dec 6: AmCham Governors Ball – SAVE THE DATE A formal event held in the festive style of the season … to raise funds for community support programs funded by and through the AmCham-United Way partnership.
New member and associate companies. Click on the link to learn more about the latest companies to join AmCham.
News and Issues Updates
Vietam’s economic growth rate reached 8.5% in 2007, shows signs of overheating, asset bubble Inflation accelerated from 6.6 percent (year on year) in December 2006 to 15.7 percent by February 2008. Rapid increases in property prices have raised the prospect of a potentially dangerous bubble. Overheating is the result of rapid acceleration in credit growth, from 25.4 percent in 2006 to 50.6 percent by November 2007. This frenetic pace raises concerns about the quality of the portfolios of banks.
East Asian Economies Still Buoyant Amid Faltering Global Economy says World Bank 6-month Review Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank’s latest six-monthly review of the East Asia region’s economies.
20,000 workers strike at Taiwanese FDI shoe firm in Long An province By evening, the company agreed to pay each worker an additional VND100,000 (US$ 6.2) per month but no one returned to work.
Ministry of Industry and Trade to revise Circular 23/Decree 9 on Trading Rights, etc. Deputy Director of the Ministry of Industry and Trade’s (MoIT) Domestic Market Department, last week said Article 3.1 of the Circular would be revised in the spirit of removing the limitations towards FDI enterprises’ import rights. “It means that foreign invested enterprises will be allowed to sell their imported products to several Vietnamese distributors,”
Inflation in March hits 19% over last year Vietnam’s March Consumer Price Index is estimated to surge 3% in a month, compared with the fall of 0.2 per cent in March 2007 and decline of 0.5 per cent in March 2006. The CPI rose 19.4% from March 2007.
Vietnam, India curb rice exports as prices double While consumer nations like the Phillippines fret over food security, big producers are aiming to tame inflation by keeping more supplies at home to drive down domestic prices. In Vietnam, consumer prices rose by nearly 20 percent in March, while India’s wholesale price inflation has surged to a near-14 month high, posing a major policy challenge at a time when economic growth is slowing. The price of rice has shot up to more than US$ 600 per ton recently, double the average price of last year.
FCPA: Today, no bribe is too small to avoid the U.S. Justice Department’s attention The Justice Department is on the prowl and they’re staffing up. The number of enforcement actions seems to increase every year. Together, the Justice Department and the SEC brought an average of just one or two cases each year for the first 20 years of the law. More recently, however, there has been a surge of enforcement actions, with 55 reported investigations in the last two years alone.
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.
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.