Weekly Update May 04: Real Estate Networking, Le Dang Doanh – Outlook 2009, Direct Selling

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Upcoming Events and Activities

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Th, May 7 Business Networking Night: Real Estate and Construction. Join colleagues from the Real Estate, and Construction industries in an informal business networking night with a focus on Real Estate Development Projects in the Ho Chi Minh City area.

Su, May 10, Mother’s Day Celebration at Legend Hotel Saigon Show Mum your love and appreciation by treating her and the family to Saigon’s most spectacular international buffet. They are sure to appreciate its large array of finest seafood and a delicious and most mouthwatering spread of gourmet dishes and a wide selection of irresistible desserts. Find out why every guest may expect the best and get it at Atrium Café.

Th, May 14 Dr. Le Dang Doanh on Global Economic Crisis and Vietnam Outlook 2009 Dr. Le Dang Doanh, Member of the Board and Senior Research Fellow of the Vietnam Institute of Development Studies, will provide an overview of Vietnam’s current economic outlook and discuss the government’s economic stimulus programs and policies to encourage economic growth. Dr. Doanh is former President of the Central Institute of Economic Management (CIEM).

Fr, May 15 Panel Discussion and Business Networking: Direct Selling Join colleagues from the Direct Selling industry in an informative roundtable discussion of the industry in the Asia-Pacific region in general and Vietnam in particular, followed by business networking night with key industry, government, and media representatives.

May 1-31, Caravelle declares 50% off on Rooms on its 50th anniversary. Fifty years after opening as the most upscale hotel in Vietnam, the Caravelle Hotel has slashed the price of its rooms by 50% in recognition of its anniversary celebration this May. Reserve online in May, stays must be completed by Dec 31, 2009.

Fr, May 22-24 Phan Thiet Family Weekend and Golf Outing. Get away for a fun family weekend with other AmCham members, family and guests at the Novotel Ocean Dunes Golf Club and Resort in Phan Thiet. Enjoy a two -day golf tournament and organized activities for the children. Or laze away the days in a comfortable lounge chair by the pool or ocean, or participate in “ocean sports” like boogie-board surfing, ocean kayaking, wind surfing, or jet ski.

Th-Fr, Jul 23-24 Effective Cost Management and Cost Control The Asia Business Forum is proud to present the executive training course on “Effective Cost Management & Cost Control” on 23-24 July 2009 at Hotel Equatorial, Ho Chi Minh City, Vietnam. This workshop will not only demonstrate how and where organizational costs should be reduced in the short term but how the lower cost base can be sustained. This is the best course on this topic, conducted by an expert management accounting practitioner who is also a world class presenter.

July 4th Celebration and Family BBQ

All upcoming events …

News and Issues Updates

Click this link to read News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Chinese authorities quarantine airline passengers Chinese health authorities said they have found and placed under quarantine 164 of the 189 passengers and crew members aboard a flight from Mexico to Shanghai that carried a man now ill with the A/H1N1 flu virus.

Vietnam govt bond sales fail The State Treasury had hoped to raise 1 trillion dong in the bond sale to big infrastructure projects, such as roads, bridges and ports. At the previous auction of government Vietnamese dong-denominated bonds on March 12, the Treasury also failed to sell any two-year and three-year debt.

Vietnam could be in for bumpy ride in a longish, “U-shaped” recession How will Vietnam react to the global recession, which many predict will be “very severe, deep and protracted U-shaped recession,” that will last for a period of at least three years. While Vietnam’s export revenues increased slightly in the first quarter, Vietnam’s import value fell 45 per cent due to domestic production stagnation, cutting the demand for imported machinery, equipment and raw materials.

Foreign visitors decline 18%; airlines cut flights The number of foreign visitors dropped 17.8 percent to about 1.3 million in the first four months compared to the same period in 2008. International airlines have cut down their summer flight schedule to Vietnam in response to decreasing demand for air travel. However, Northwest Airlines will fly daily from HCM City to the USA starting June 1.

Sea Links Golf & Country Club, Phan Thiet, Vietnam, joins RCI resort network Located approximately 200 kilometers east of Ho Chi Minh City amidst the backdrop of a crystal-clear ocean, Sea Links Golf & Country Club is an expression of aquatic inspiration and the calming nature of Phan Thiet’s sea. It is noted to be the leading five-star golf resort in Vietnam with luxury accommodations and facilities that include a golf course, spa and tennis courts.

The world’s worst places to work We think Ho Chi Minh City is a pretty nice place to live and work, but some others don’t think so, rating it 9th worst place in the world to work, mostly because of “disease and sanitation.” And Hanoi is rated 11th. Neighboring Singapore, on the other hand, is ranked No. 26 on the list of “Best Places to Live.” We’re not sure how they measure this, but read what they say.

Companies plan to recruit workers, raise salaries despite recession A recent survey indicates that 67 percent of surveyed companies plan to hire more staff over the next six months, while 59 percent increased salaries between the fourth quarter of 2008 and the first quarter of 2009.

VN National University in HCM City opened two microchip design labs Mentor Graphics and Applied Micro Circuits Corp. (AMCC) equipped each lab with a server, 20 laptops and chip design software.

Apr 30-May 1 holidays begin on nightmarish note – traffic jams and congestion Travelers around Vietnam have been suffering since late Wednesday at overcrowded bus stations and gridlocked roads that failed to cope as people streamed in to take advantage of the long holiday weekend. Similar problems are expected on Sunday, when passengers make the return trip.

Hong Kong orders quarantine of hotel Hong Kong’s government imposed a controversial full quarantine on approximately 300 guests and staff of a hotel in the territory after a guest was found to have the A/H1N1 flu virus, an extreme measure to control the spread of the disease.

WHO: swine flu is at “Phase 5, a strong signal that a pandemic is imminent” Mexico, has announced the partial suspension of non-essential work and services from 1 to 5 May – a holiday period there. In a TV address, Mexico’s President urged people to stay in with their families – saying there was “no place as safe as your own home”. Already, schools across Mexico have closed, public gatherings are restricted and archaeological sites have been placed off-limits.

ADB projects 4.5% growth for Vietnam The ADB annual Asian Development Outlook said growth in Asia’s developing economies would fall to 3.4 percent this year, with Southeast Asia as a whole almost stagnant with a 0.7 percent rise. However, “when it comes to Vietnam, actually we should not use the word ‘downturn’ or ‘recession.’ It’s just a slowdown,” ADB’s country economist for Vietnam said, projecting the growth to rebound to 6.5 percent in 2010.

Prime Minister requests harmonious labor relations, stable investment environment, social order Action Plan for the implementation of Directive No. 22-CT/TW dated 05 June 2008 of the Secretariat of the Central Committee on enhancing leadership, providing direction for the development of harmonious, stable and progressive labor relations within enterprises.

Click this link to read these and more News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Information Resources on AmCham Web Site www.amchamvietnam.com

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.

Online Directory Looking for information on AmCham companies? Click here to browse the Online Directory for information about and contact points for over 450 AmCham companies, and over 900 representatives. Also with links to 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.

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Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.