Weekly Update May 16: Members Night, Labour Code, Customs Dept, Palooza Party, Dalat Weekend


Tu, May 17 Members Night and Meet the U.S. Consulate General
Fr, May 20, Workshop on Proposed Amendments for Revised Labour Code
Tu, May 24, Roundtable with Customs Department
We, May 25, Young Professional Palooza Party
Fr-Su, May 27-29 AmCham Dalat Weekend
We, Jun 1 Customer: Who Cares? Theory and Reality of Customer Value Proposition
Sa, Jul 2, 2011 Independence Day Family Picnic and BBQ
Thu, Jul 7 How to Manage Crisis that Hurts Your Company’s Reputation?
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Asia Development Bank: “Skills Enhancement Project” Loan to Vietnam, 2010-2016

Asian Tigers exceptional RelocASIAN

Events, Meetings, Activities, and Special Offers for Members

Tan Hung Development Le Thi Giau Dale WashingtonBig Box Retail Property in Dist. 6 for Lease or Sale 7,000 m2 site fronting on Pham Thi Hien off East West highway in the Cholon District, (Aerial = 10°44’27.23”, 106°38’18.12”). High ceiling warehouse, also 3 floor office. Ideal for big box retail. 
31st Floor Saigon Pearl 3 BR executive apartment for lease, (all new wall, window coverings & new luxury furniture). Lease $2,500 or sale $390K USD. Please contact Dale Washington at 0903076661 or [email protected]

Until Jun 26 Legend Hotel Saigon’s Weekend Getaway Package The hotel is offering Vietnamese and expatriates residing in Vietnam with Weekend Getaway Package at only US$ 99++ per night for single or double occupancy in a Deluxe Room with several special benefits.

Su-Sa, May 14 – 27 Crab Season Claws to the Fore at Caravelle Hotel Crab connoisseurs will be in heaven as the crustaceans appear in a variety of delicious dishes created by the culinary geniuses at Nineteen restaurant.

Tu, May 17 Members Night and Meet the U.S. Consulate General AmCham invites members and guests to attend a Members Night Networking Cocktail Reception. Members’ spouses and guests are not only invited but also encouraged to attend with you.

Fr, May 20, Workshop on Proposed Amendments for Revised Labour Code Join AmCham HR Committee leaders and experts to review the latest version of the proposed amendments to the Revised Labour Code, which may have an important impact on FDI factories and service providers in Vietnam.

Tu, May 24, Roundtable with Customs Department Many FDI companies have challenges in dealing with Customs. Join this Roundtable to improve communications and understanding. Joint event with AmCham, EuroCham, and other FBA.

We, May 25, Young Professional Palooza Party at Movenpick Hotel Monthly networking event for young professionals at the coolest and latest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange.

Fr-Su, May 27-29 AmCham Dalat Weekend Join other AmCham members and guests in a networking weekend, with Chairman’s Roundtable discussion of key issues in Vietnam-U.S. trade and investment and outlook for 2011. Three days/two nights including room with American breakfast, welcome wine & cheese reception, morning Roundtable and evening cocktails & Gala Dinner, plus golf and other activities.

We, Jun 1 Customer: Who Cares? – Theory and Reality of the Customer Value Proposition Thinking about “Value,” Peter Drucker wrote: “What the business thinks it produces is not of first importance, what the customer thinks he is buying, what he considers value, is decisive. And what the customer buys and considers value, is never a product. It is always utility, that is what a product does for him.” As competition increases within markets, the challenge of creating a customer value proposition that distinguishes you in the eyes of the customer becomes much more difficult! To do this you need to start simplifying complexity.

July 4th Event Banner Ad

Thu, Jul 7 How to Manage Crisis that Hurts Your Company’s Reputation? Most crises are usually guessed to come from the external causes, but the reality is that 75% of them are internally-originated. The Ogilvy Brandshield method breaks down into three main areas: Prevent, Contain, and Grow. Case studies will be presented throughout the presentation.

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

ConocoPhillips Plans Sale of Oil Stakes Off Vietnam Coast A sale would allow the company to reduce its stake in an area that isn’t a significant part of its business, said Jason Gammel, an analyst at Macquarie Capital Europe in London who has a “neutral” rating on ConocoPhillips shares and owns none. “It’s a pretty small piece of their overall production, so there likely would be other parties who would find it of more interest.”

CapitaValue Homes, Khang Dien to develop 975 homes in HCM City, Vietnam The project is located close to the upcoming Ho Chi Minh-Long Thanh International Airport Highway, as well as the Saigon Sports City and Saigon Golf Mixed-use Development projects, about 20 minutes from the business center. This is the third value housing project in Asia for CapitaValue Homes, bringing its total pipeline in Asia to 35,000 units.

Less talk, more action: timid Asia needs to be decisive in the battle against inflation Vietnam is a cautionary tale among developing economies. It exudes potential and its natural resources, demographics and low-cost labour are attracting the world’s attention. And yet Vietnam has too much of a good thing on its hands: too much money chasing too few stable investments.

Vietnam to get new state-of-the-art S&T university, helped by loans from the ADB and France Along with funding physical facilities to accommodate an initial 5,000 students, the project will develop modern governance and management systems and capacity-build senior staff. It will also establish centers to promote high quality, relevant academic programs, research, and links to industry groups in the private sector. These features will provide a model that can be replicated at other local universities in the future.

Personal Safety in HCM City Over the last several months, there have been reported and verified instances of pick-pocketing, bag snatches, and residential break-ins targeting the expatriate community. Additionally, two residential guards of an ex-pat residential compound were found murdered while on duty. Please take your own personal safety and security seriously in order to avoid becoming a victim.

U.S. Investment and Trade Opportunities in Vietnam’s Southern Key Economic Region A “third wave” of U.S. FDI interest in Vietnam offers business opportunities. A robust and efficient trading and distribution environment is essential to support modern manufacturing industry for global markets.

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. Malaysia has officially requested to join the TPP negotiations.

Developing a 21st Century Workforce in Vietnam Vietnam’s top technical universities, working with universities in the U.S., Intel, and the U.S. and Vietnamese governments, have embarked on an ambitious initiative to modernize their engineering degree programs, in the “Higher Engineering Education Alliance Program.”

Vietnam Competitiveness Report, 2010 – Michael Porter, et. al. Vietnam’s growth since the mid-1980s has been driven by transition and structural change. More recently, the policy response mainly focuses on intensifying investment, especially in SOEs and infrastructure, to generate growth rather than on upgrading productivity and efficiency. But the economic logic behind this growth model ultimately has limited potential.

Vietnam Provincial Competitiveness Index, 2010 Using new survey data from 7,300 businesses in Vietnam that describe firm perceptions of their local business environments and hard data, the PCI 2010 continues to benchmark the capacity of local governments to develop regulatory environments for private sector development. The PCI 2010 report includes a special feature on survey results from 1,155 foreign invested enterprises.

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

Last week’s most popular links to events and articles

Fr, May 20 Workshop on Proposed Amendments for Revised Labour Code
Tu, May 17 Members Night and Networking Cocktail Reception (Members & Invited Guests)
Th, May 12 Dr. Le Dang Doanh Re-gaining Macroeconomic Stability: Outlook 2011
Discovering Bangkok with Turkish Airlines
Asian Development Bank’s Skills Enhancement Project Loan to Vietnam, 2010-2016

Recent Events and Information Resources on AmCham Web Site

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

Apr 21Strategic Approach to Employee Communications
.Building employee engagement: Ogilvy impact
Apr 20Developing an Anti-Corruption Compliance Program
.UK Bribery Act 2011: Milton Lawson
.Developing a Compliance Program & Internal Controls: Orsolya Szotyory-Grove
.Developing an Anti-Corruption Compliance Program: Sesto E Vecchi
Apr 06Total Rewards Strategy for A Diverse, Intergenerational Workforce
.Total Rewards Strategy: Su-Yen Wong
Apr 05Cloud Computing: Opportunities & Challenges in Vietnam
.Contracting for Cloud Computing: Geofrey Master
.Cloud Computing Overview: Gerry Clark
Apr 05How to Meet U.S. Food & Drug Administration Import Requirements
.Presentation by David Lennarz, VP Registrar Corp
Mar 31Achieve Success with Exceptional Interpersonal Skills
.Presentation by Sue Kazor, Master Trainer

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.

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