Weekly Update Sep 03: Members Night, Coastal Clean Up, Palooza Party

Highlights

Th, Sep 6 Members Night, Dr. Le Dang Doanh: Revitalizing the Vietnamese Miracle
Sa, Sep 8 AmCham Scholarship Information Session
Tu, Sep 11 Legal & VBF Liaison Committee Meeting
Sa, Sep 15 2012 International Coastal Cleanup Day
Tu, Sep 18 Consumer Product Testing and Certification (Textile, Toys & Footwear)
Th, Sep 20 Software, Labs, Business Process Outsourcing FDI in HCM City
Fr, Sep 21 Secure Cloud Computing
Fr-Su, Sep 21-23 AmCham Networking Weekend
Welcome to new AmCham companies • Jan ~ Aug 2012 • 63 companies
In Vietnam, Growing Fears of an Economic Meltdown: NY Times
Why I’m leaving China … for India, Vietnam, and ASEAN
A dear price to pay: Nguyen Duc Kien, ACB, and HCMC stock market
In Vietnam, Message of Equality Is Challenged by Widening Wealth Gap (SOEs)
Vietnam spends more on IT, growing at 17% per year, US$ 3 billion in 2011
Liberty Insurance raised investment capital to vnd 1.2 trillion (about US$ 60 million)
HCM City & Southern Key Economic Region Infrastructure: Update
HCM City Metro Rail Project Underway: Line #1 (Blue Line) and Line #2 (Red Line)
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites
Nov 13-21 Infrastructure Trade Mission to Indonesia and Vietnam

Events, Meetings, Activities, and Special Offers

Th, Sep 6 Dr. Le Dang Doanh: Revitalizing the Vietnamese Miracle – Outlook for 2012-2013 Stabilization policies since Feb 2011 have slowed credit growth, inflation, and economic growth. However, lack of progress on SOE reform, plunging FDI, and continuing low productivity growth have led some observers to talk about “the end of the Vietnamese miracle,” as Indonesia, Bangladesh, Myanmar seem more attractive investment destinations than Vietnam. What steps can government and business take to revitalize Vietnam’s “economic miracle” of stable and sustainable economic growth? And how will this affect your business, and trade and investment between Vietnam and the U.S.?

Welcome to new AmCham companies 63 new companies have joined AmCham in Jan-Aug. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Rolling Out New Set Dinner Menus Nightly at Park Hyatt Saigon Making it easier for guests to dine without the pressure of having to choose from the à la carte menu, the chefs have carefully crafted coursed menus to present a dining experience full of flavour. To offer the best seasonal ingredients and produce, the menus will be changed monthly to tantalise the taste buds with new original creations.

Regus will help you work your way Regus provides modern, flexible workspace that frees businesses of all sizes, all over the world, to work more effectively. Companies can take a fully-equipped office, desks to use part time, rent a professional meeting room. However they use Regus, they get all the support a business needs.

ibis Hotel Saigon South – the 1st international three-star hotel in Saigon is located in front of Saigon Exhibition and Convention Centre (SECC) and only 15 minutes from the city centre. It is within walking distance to Global Corporate Offices, FV hospital, Medical Centers and Shopping Malls.

Hertz Global Sale offers up to 33 per cent discount for Car Rental Customers can enjoy generous savings on car rental in 100 countries across six continents in Hertz’s third annual global sale.

Tu-We, Sep 11 – 26 Colors of Malaysia at New World Saigon Hotel Experience the internationally renowned cuisine of Malaysia during Parkview’s first Malaysian food and culture festival. Guest Chef Noor Rizuan B. Ramli will tantalize your taste buds with delicious Malaysian specialties including Nasi Lemak, Chicken Masak Merah, Dalca Curry Mutton, Prawn Sambal Petai and Beef Masak Hitam.

Sa, Sep 15 2012 International Coastal Cleanup Day Join AmCham companies and almost 700 volunteers. Let’s clean up Vietnam’s coast. Whether you live near the coast or thousands of miles inland, we are all connected to the ocean. It drives and moderates our climate, it helps provide the rain and the water we drink, the air we breathe, and much of the food we eat. The ocean also absorbs much of the pollution we generate. And trash that falls from our hands is one of the most pervasive pollution problems facing our world’s ocean. But it doesn’t have to be!! Keeping our ocean free from trash is one of the easiest things we can do to help protect it.

AmCham Scholarship 2012 • Sep – Nov AmCham will grant scholarships to up to 45 top students from universities in HCM City.

Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites More than 6 million Americans live overseas. If the overseas American community were a state, we would be the 18th most-populous state in the union. Our votes count … click the link to register online, get a ballot, and vote.

Nov 13-21 Infrastructure Trade Mission to Indonesia and Vietnam will focus on the following sectors: Energy, Aviation, Environmental Technology, Architecture-Construction-Engineering.

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

Local High School Partners with American University to Offer Certified Courses for College Credit U.S. Consul General An Le and the International School Ho Chi Minh City (ISHCMC) – American Academy announced that the school had been accepted into the prestigious Syracuse University Project Advance (SUPA) program. This is the first time this program has ever been offered outside of the United States and is the first program of its kind in Vietnam.

In Vietnam, Message of Equality Is Challenged by Widening Wealth Gap (SOEs) President Truong Tan Sang wrote, “We should be proud about what we have done,” speaking of the economic boom under the Party’s leadership, “but in the eyes of our ancestors, we should also feel ashamed for our weakness and failures, which have been preventing the growth of the nation.”

Vietnam spends more on IT, growing at 17% per year, US$ 3 billion in 2011 and forecast to reach US$ 3.5 billion in 2012. IT hardware exports reached US$ 11.3 billion, double the 2010 level, based on export revenues of Samsung, Canon, Panasonic, Foxcomm and Nokia. Cell phones generate 60% of the export revenue.

Liberty Insurance raised investment capital to vnd 1.2 trillion (about US$ 60 million) to invest in information technology, human resource training, product diversification and service quality improvement in order to be one of the top five non-life insurers operating in Vietnam. After five years of operation, Liberty now ranks seventh in terms of insurance premiums among 29 non-life insurance firms in Vietnam.

HCM City & Southern Key Economic Region Infrastructure: Ports and Industrial Parks (update 3 Sep 12) View and download both current and historical Information on urban infrastructure planning, industrial parks, ports, airports, roads, bridges, metro sytems and other infrastructure. For companies considering FDI in ASEAN and Vietnam in general and Ho Chi Minh City and the Southern Key Economic Region. Includes maps, videos, statistics, project timelines, etc.

Ho Chi Minh City Metro Rail System Project Underway: Line #1 (Blue Line) and Line #2 (Red Line) Ho Chi Minh City Metro Rail System Project Map. Updated: 2012-09-03.

Business and Investment Opportunities in the “New” Myanmar Myanmar is undergoing significant transformations to its politics and economy and appears to be making the reforms necessary to open the country to the world.

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

Last week’s most popular links to events and articles

In Vietnam, Growing Fears of an Economic Meltdown: NY Times
Why I’m leaving China … for India, Vietnam, and ASEAN
AmCham’s International Coastal Cleanup Day
A dear price to pay: Nguyen Duc Kien, ACB, and HCMC stock market
Minimum Wage Adjustment Proposed for 2013
“South China Sea” • U.S. Department of State Press Release
Dr. Le Dang Doanh: Revitalizing Vietnam’s Economic Miracle
FDI into Vietnam continues to plunge in first seven months – down 67%
Vietnam’s National Day at the Legend
New AmCham Companies Jan – Aug 2012 • 63 new companies joined
Other popular information downloads

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.

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 about 1,000 representatives of nearly 500 AmCham companies, plus about 3,000 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).