Weekly Update May 2: Re-Gaining Macroeconomic Stability, Members Night, Labour Code, Customs Dept

Highlights

Th, May 12 Dr. Le Dang Doanh: Re-gaining Macroeconomic Stability
Tu, May 17 Members Night and Meet the U.S. Consulate General
Fr, May 20, Workshop on Proposed Amendments for Revised Labour Code
We, May 25, Roundtable with Customs Department (SAVE THE DATE)
Fr-Su, May 27-29 AmCham Dalat Weekend
Sa, Jul 2, 2011 Independence Day Family Picnic and BBQ
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

Turkish Airlines and HG Travel launch a special promotion of “Discovering Bangkok with Turkish Airlines” which includes a round trip air ticket and two-night stay at 4- or 5-star hotel in the heart of Bangkok. Easy to book and apply for all customers.

Until Aug 31 “Spring and Summer” Offer at The Six Senses Con Dao Enjoy your stay at Vietnam’s newest International luxury resort at special promotional rates for an Ocean Front Villa or 3-Bedroom Villa. Special offer for Vietnam Residents.

Mo, May 2 Liberation Day (actually, Sa, Apr 30, but observed on Mo, May 2)

Tu, May 3 International Labour Day (actually Su, May 1, but observed on Tu, May 3)

Tu-Fr, May 3-5 OPIC Southeast Asia International Investment Conference in Jakarta, Indonesia. Seeking to invest or expand in a dynamic Southeast Asianeconomy? Need partners based in the U.S. or Southeast Asia?

Su, May 8 Mother’s Day at Legend Hotel Saigon This Mother’s Day join the hotel for a special treat to remember – Saigon’s most spectacular international buffet at its renowned Atrium Café.

Mo, May 9 INSEAD MBA Information Session Join us at this session to learn more about the INSEAD MBA program, admissions process, career services, and to meet and network with INSEAD MBA representatives.

Th, May 12 Dr. Le Dang Doanh: Re-gaining Macroeconomic Stability – Outlook for Vietnam 2011 The Government had a consultation meeting with Dr. Le Dang Doanh and other leading Vietnamese economists on Feb 22, and following that meeting announced that it would focus on macroeconomic stability rather than growth. What policies can we expect? And how will this affect your business, and trade and investment between Vietnam and the U.S.?

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.

May 12 & 18 (HCMC), May 25 (Hanoi) Leadership Charisma Executive Briefing We will explore how new research with more than 40,000 leaders shows precisely what successful charismatic leaders do to develop their personal and commercial charisma.

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.

We, May 25, Roundtable with Customs Department (SAVE THE DATE) 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.

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 Realty 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.

Sa, Jul 2, 2011 Independence Day Family Picnic and BBQ Join us for an old-fashioned celebration with scrumptuous food, fun and games for children and parents, great door prizes, and good music at AmCham’s Annual Independence Day Celebration and Family Picnic. Limited to 700 AmCham Members and their Family and Guests.

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

Bright Asian future not pre-ordained, must be earned, says Asian Development Bank Around 3,000 people will gather in Hanoi for the May 3-6 Annual Meeting, and the ADB, charged with fighting poverty in Asia and the Pacific, will push the case for the region to face up to its responsibilities.

Vietnam’s Inflation Accelerates, Suggesting Future Cooling Efforts Consumer prices jumped 17.51% in April from a year earlier and 3.32% from March, further casting doubts on the ability of authorities to cap inflation at 7% this year.

Vietnam raises two policy rates to fight inflation The State Bank of Vietnam raised the refinance rate by 100 basis points to 14 percent and the discount rate by the same amount to 13 percent, following increases in the refinance rate and reverse repo rate on April 1.

NTT Com, VNNIC to Offer Tier-1 Global IPv6/IPv4 Transit Service in Vietnam Collaboration will help meet the growing demand for access in Vietnam, where Internet traffic has increased more than four times in the past three years.

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 environ

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

We, Apr 27 AmCham Palooza Party
Tu, Apr 26 Health Challenges and Risks in Vietnam
Tu, May 17 Members Night and Networking Cocktail Reception (Members & Invited Guests)
The Six Senses Con Dao Spring & Summer Offer until Aug 31
Th, May 12 Dr. Le Dang Doanh Re-gaining Macroeconomic Stability: Outlook 2011
Fr-Su, May 27-29 AmCham Dalat Weekend
Sa, Jul 2 USA Independence Day Family Picnic (Members, Family, and Guests)

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.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to over 1,000 representatives of nearly 500 AmCham companies, plus over 4,000 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 (Past Issues).