Weekly Update Oct 3: Consumer Trends, Global Brands, Cambodia Investment, Tropical Storm


Tu, Oct 4 Legal & VBF Committee Meeting
Fr, Oct 7 Lunch: Vietnam 2011 – Declining Consumer Nation
Mo-We, Oct 10-12 Cambodia Investment Conference, Phnom Penh
Tu, Oct 11 Interbrand’s Best Global Brands
Su, Oct 16 Application Deadline for AmCham Scholarship 2011
Tu, Oct 25 Members Lunch: Achieving/Delivering Health Outcomes – 2010 & 2011 Reports on “Pharma 3.0”
We, Oct 26 AmCham Palooza Party at Hotel Equatorial
Su, Oct 30 Application Deadline AmCham • Intel Women in Engineering Scholarship
Th-Sa, Nov 10-12, APEC CEO Summit: Honolulu, Hawaii
We, Dec 14 Annual General Meeting
Southern Key Economic Region: Ports, Industrial Parks, Roads
Developing a 21st Century Workforce in Vietnam

There is one active tropical storm approaching Vietnam in the NW Pacific as of Oct 3, 2011. Below is the past and projected track of Tropical Storm, NALGAE (22W). Note that storm tracks can and do change frequently. Click the image for a link to most recent forecast. Updated every 12 hours at 7am and 7pm VNTime.

Events, Meetings, Activities, and Special Offers

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October Food & Beverage Highlights at the Sheraton Halloween in Night Spot will be the scariest and most exhilarating party in town. Dress in theme with your most shocking costume and your entrance fee will be reduced. And much, much more, including German Night every Saturday night, Champagne Brunch every Sunday, and Halloween Dinner and Halloween Party on Oct. 31.

Oct 5-8 Expo 2011: Furniture & Handicrafts Fair with the latest and unique models, and diversified, skillful design. Also wood processing equipment and materials will be exhibited.

Oct 6 APEC 2011: Redefining Vietnam’s Role in the Global Economy You are invited to join the University of Hawaii Shidler College of Business on Thursday, October 6, as we welcome prominent political and business leaders for a unique pre-APEC Summit discussion on Vietnam’s future role and opportunities in APEC.

Fr, Oct 7 Members Lunch: Vietnam 2011 – Declining Consumer Nation Considering towering inflation, huge interest rates and declining FDI, come and discover how Vietnam’s consumers’ outlook, behaviors and purchasing habits are changing compared to the past 10 years of double digit growth.

Fr, Oct 10 Canadian Thanksgiving Buffet Dinner at Caravelle Hotel Nineteen Restaurant is laying out a bountiful spread of exquisitely prepared international delights, including traditional Thanksgiving staples like stuffed whole-roasted turkey with giblet and cranberry sauce, thyme gravy, roast garlic potatoes and pumpkin pie.

Fr, Oct 10 Dinner with Tuscany’s Volpaia Winery at Caravelle Hotel Reflections Restaurant is presenting a five-course Volpaia Wine Dinner starring organic wines from Volpaia’s illustrious hilltop winery. The dinner will be hosted by Ms. Federica of the Castello di Volpaia estate, situated in a 12th century medieval village in the Chianti region of Italy.

Tu, Oct 11 Members Lunch: Interbrand’s Best Global Brands Brands create value, both for consumers who use their preferred brands and for the companies that own the brands. For more than 25 years, Interbrand – represented on every continent with 40 offices around the world – has been evaluating exactly how much brands are worth.

We, Oct 19 Seminar on Enterprise Budgeting & Planning for Success will show you tools to manage the Performance Management process of Planning and Budgeting.

We, Oct 19 Seminar on NEW Infor10 Financials Business (SunSystems) VAS Edition Join us and meet with TRG International executives to learn about the newest global release of SunSystems and its specific VAS (Vietnamese Accounting System) features.

Tu, Oct 25 Members Lunch: Achieving/Delivering Health Outcomes – 2010 & 2011 Reports on “Pharma 3.0” Ernst & Young global and regional Life Sciences Leaders will present the highlights of the highly publicized 2010 and 2011 reports on “Pharma 3.0,” which describe the innovation and integration of major traditional giants and entries of nontraditional players into Life Science fields focusing on “achieving/delivering healthy outcomes.”

We, Oct 26 AmCham Palooza Party @ Orientica Monthly networking event at the coolest and latest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange.

Th-Sa, Nov 10-12, APEC CEO Summit: helping define the future of private-sector engagement in the Asia-Pacific is the Asia-Pacific’s premier business event, drawing thousands of economic and business leaders from around the region and beyond. Unparalleled opportunities for business executives to engage in dialogue with global leaders and ministers of foreign affairs and trade, discover business opportunities through networking with CEOs from hundreds of top Asia-Pacific companies, and to forge connections with economic thought leaders from around the region and the world.

We, Dec 14 Annual General Meeting, with report of the Board of Governors, and election of members to the Board. AmCham invites members, associates and their guests to attend the Annual General Meeting and cocktail reception. Spouses and partners are not only invited but encouraged to attend with you.

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

The International School Ho Chi Minh City (ISHCMC), located in District 2 has been successfully graduating students with an IB Diploma to high-profile overseas colleges and universities since 1999. ISHCMC is the only authorized IB World School in Ho Chi Minh City, providing an International Baccalaureate curriculum (PYP, MYP, and IBDP) to all of their students, from ages 2 to 18 years.

U.S. Trade Representative calls for swift congressional action on trade agreements between the United States and South Korea, Colombia, and Panama, along with renewal of Trade Adjustment Assistance reforms and expired trade preference programs. Congress has 90 days from Oct 3 to hold up-or-down votes on each

Bosch achieves robust growth in Dong Nai, Vietnam, proposes a plan to raise total investment capital from US$ 73 million to US$ 132.6 million for a newly-established automobile component manufacture in Dong Nai province in 2015.

Japan’s Mizuho invests US$ 567 mil. in Vietcombank for a 15 pct stake, after Vietnam’s central bank approved the sale last week.

Vietnam pledged FDI down 28 pct in Jan-Sep 2011 “Inflation and foreign-exchange issues, and many strikes, put a lot of pressure on the cost structure of any company operating here, so people are waiting to see a more stable and predictable cost structure.”

FDI helps anchor Vietnam’s economy in a storm. FDI does not spark inflation due to its high economic efficiency. In a recent report, the Asian Development Bank pointed out that while state-owned enterprises’ return on equity hang around 14 per cent, foreign invested enterprises (FIEs) recorded a ratio of 22 per cent.

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, Oct 7 Lunch: Vietnam 2011 – Declining Consumer Nation
Mo-Wed, Oct 10-12 Cambodia Investment Conference
Weather Map: Northwest Pacific
We, Oct 26 AmCham Palooza Party
Tu, Oct 4 Legal & VBF Liaison Committee Meeting (Members Only)

Recent Events and Information Resources

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 and view photos.

Sep 20Members Night and Networking Cocktail Reception
. Presentation for New Members – Herb Cochran, Executive Director
.Asian Development Bank: VN Economic Fact Sheet
.World Bank: Vietnam Economic Data and Statistics
Sep 19Economic Dynamism: Growth and Overcoming the Limits of Geography
.Presentation by John Silvia
.Photo album (17 photos)
Sep 172011 International Coastal Cleanup Day
.Photo album (61 photos)
Sep 15Real Estate Networking Night – The Vietnam Industrial Sector
.Presentation by Greg Ohan, CBRE
.Presentation by Quek Sze Kheng, MapleTree Vietnam
.Presentation: Sustainable Talent Management Strategy – Cathy Loose, Towers Watson
Sep 07Members Lunch: Build Your Employer Brand in Vietnam
.Specific Project Professional Indemnity Insurance
.Cambodia Trade and Investment Opportunities
.SRP International Group
Jul 2Photo Highights: AmCham’s July 4th Picnic
Jun 14World Blood Donor Day 2011
.News Highights: AmCham’s World Blood Donor Day

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 5,000 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).