Weekly Update May 11: Dr. Le Dang Doanh-Outlook 2009, Direct Selling Networking Night

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Upcoming Events and Activities

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

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.

Mo-Th, May 11-21, Caravelle Hotel: All About Crabs Restaurant Nineteen adds to its buffet a variety of crabs. Prepared differently from the local way, which is heavier on spices and sauces, relish the unadulterated sweet flavor of the soft shell crabs, as well as the blue crab and the larger and meatier flower crab, and king crab, steamed and chilled, presented on ice.

Dong Nai Investment Opportunity: 200 Hectare development in Long Thanh District, Dong Nai On Highway No. 1, 10km radius from Bien Hoa, Long Thanh, Amata, Ho Nai. Licensed for service activities: employee housing and services, education, power generation, recycling. Wholly owned and licensed, no resettlement. To be sold as share investment, subdivided, build to suit, long term lease. By Owner, courtesy to brokers. Click on the link above for more information.

We, May 20 University of Hawaii Shidler College of Business Executive MBA in HCMC – 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.

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, Jun 3 Furniture Industries Panel Discussion and Networking Night Join colleagues from the Furniture and related industries in an informal business networking night with a focus on developing healthy furniture trade between Vietnam and the United States. Panel discussion on key issues, followed by networking cocktail reception.

Su-We, Jun 14-17, 2009 APCAC Washington Doorknock AmChams from the Asia-Pacific Council of American Chambers of Commerce (APCAC) will meet with Executive Branch and Congressional leaders in Washington, DC to advocate on behalf of Americans abroad during APCAC’s annual Washington meeting, known as the APCAC Washington Doorknock. Click the link for more information and Registration Form.

Th, Jun 25 Members Networking Night: “Saigon Gold” Fans of fast-moving thrillers, closet authors, and veterans who fought on both sides of the Second Indochina War won’t want to miss author Hugh Scott’s presentation of “Saigon Gold.” Scott uses slides of scenes from the novel to illustrate how he weaves his wartime experiences into an intriguing story set in contemporary Vietnam. Click the link for more info and to register for a fun evening.

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.

Sparton Corp Increases Business at Spartronics Vietnam “We’ve been fortunate to have expanded manufacturing at Spartronics Vietnam because it makes sense logistically and economically for us and for our customers.” The Vietnamese subsidiary, housed in a new 55,000 square-foot plant with the latest technology advancements, manufactures and assembles printed circuit boards, enclosures and black box solutions in various electronic segments.

Foreign investors optimistic about business in Vietnam In Jan-Apr, 2009, foreign investors registered to add almost 3.9 billion USD to their ongoing projects in Vietnam, compared to the total of 2.5 billion USD poured in new projects, indicating optimism about their business in Vietnam.

The “big boys” crowd into Vietnam’s fast food market A March 2009 Neilsen survey of fast food market development in Vietnam shows that KFC is the market leader. It has 20 shops opened in HCM City and nine in Hanoi, among an all-Vietnam total of 68 shops. Next is Lotteria (15 shops in HCM City and three in Hanoi, a total of 56 nationwide), and then Jollibee with eight shops so far.

Denge fever ravishes southern Vietnam More than 13,000 people in southern Vietnam have contracted dengue fever already this year, and 11 of them had died as of May 3. There is no commercial vaccine to protect against dengue yet.

Vietnam to issue $ 1.1 billion in government bonds The issue would increase the total fund allocated for infrastructure projects to 64 trillion dong this year as the government aimed to spend more to bolster economic growth, Prime Minister Nguyen Tan Dung said in a cabinet report.

Vietnam Jan-Apr car sales drop 38 pct year-on-year Dealers say demand could slow significantly for the rest of the year as consumers shelve big ticket items such as cars and houses. Last year, car sales increased by 37 percent to a record 110,186 units. Vietnam’s economy grew an estimated 3.1 percent in the first quarter from a year earlier, the slowest pace in at least a decade.

Vietnam fuel prices increase The Vietnamese government said on May 8 it has allowed oil product importers to hike pump prices for oil products by up to nearly 6 percent to offset higher world crude oil prices.

Vietnam won’t sell bauxite stakes to foreigners Vinacomin’s Tan Rai bauxite complex includes a $ 460 million alumina plant being built by China Aluminium International Engineering Co, the engineering arm of Aluminum Corp of China Ltd (Chalco). The Chinese company is building the operation under an Engineering, Procurement and Construction contract but will not take an equity stake in the project.

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.