Weekly Update Sep 10: Coastal Clean Up, Consumer Product Testing, Outsourcing FDI, Cloud Computing

Highlights

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
Th-Su, Oct 24-28 Hi-Tech Agro and Food Industry Fair HCM City
Fr-Su, Sep 21-23 AmCham Networking Weekend
We, Sep 26 AmCham Palooza Party
”European debt crisis, U.S. economic stagnation, a very critical situation in VN”
In Vietnam, Message of Equality Is Challenged by Widening Wealth Gap (SOEs)
President Truong Tan Sang addresses the nation on Vietnam’s National Day
Government to disband several State Owned Enterprises (SOEs)
New investment in education will boost Vietnam’s economic and social development
Arizona State University to help strengthen higher education in Vietnam
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

Welcome to new AmCham companies 69 new companies have joined AmCham in Jan-Sep. Brief descriptions, activities, representatives’ names, and links to their web sites for additional information.

Special Fare For AmCham Members from Korean Air Up to 13% discount for all AmCham members on fares to the United States, Korea, Japan and China. Save your traveling costs and enjoy excellent service with Korean Air.

Park Hyatt Masters returns with “Pho 101” this September Park Hyatt Masters of Food and Wine once again returns to Park Hyatt Saigon for its last affair in 2012. This year’s annual series of epicurean events showcases the diversity of regional textures and flavours found throughout Vietnam.

Until Sep 30, Legend Hotel Saigon’s Weekend Getaway Package The luxury river-front five-star international hotel has once again extended the validity of its Weekend Getaway Package until 30 September 2012. Applicable to Vietnamese and expatriates residing in Vietnam for their stay on Friday, Saturday and Sunday night, the package is priced at only VND 2,012,000++ per night for single or double occupancy in a Deluxe Room with several special benefits.

Sunday Brunch at Renaissance Riverside Hotel Saigon Gather your family and friends and treat them to a gourmet spread of Western and Asian cuisine including a variety of appetizers, an array of the freshest seafood, pleasant tasting salads and irresistible desserts.

Seafood Season at The Square, Novotel Saigon Centre Enjoy the scrumptious seafood with exceptional standard of services and inspiring surroundings.

Special Discount from MindWork Training MindWork Training started its activities in Vietnam in 2011 with the support of Schouten & Nelissen from the Netherlands. We provide a variety of soft-skills trainings, Public Trainings and In-company Trainings, to support people in improving their management skills.

We-Tu, Sep 12-18 Classic Tarts at Caravelle’s Lobby Lounge Tarts of all colours, tastes and textures are making a special appearance at the Caravelle’s Lobby Lounge this month. Snack on savoury treats such as Quiche Lorraine and Alsace onion, or spoil yourself with favourites from the sweet selection, including White Belgium chocolate, lemon curd and flamed meringue, and traditional baked apple.

We-Tu, Sep 12-18 Caravelle Fires Up The Grill For Gourmet Burgers Gourmands and comfort food fans can find common ground in the Caravelle’s mouth-watering new main: The Exclusive Burger. Pan-seared French duck liver, truffle-infused egg and mayonnaise, slow cooked onions and Italian Taleggio cheese arrive riding a flame-grilled patty of minced US beef stuffed with braised beef rib, all layered between a freshly baked parmesan bun and served with hand-cut potato chips.

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.

Tu, Sep 18 Consumer Product Testing and Certification (Textile, Toys & Footwear) All children’s products manufactured after February 8, 2013 and exported to the U.S. will need to be accompanied by a detailed, sophisticated technical file far beyond the Certificates of Conformity and Test Reports expected today. U.S. importers are allowed by law to rely upon technical files provided by overseas manufacturers. As history has shown, the responsibility for the preparation of these technical files will be pushed upstream by U.S. importers, brands and retailers to manufacturers.

Th, Sep 20 Software, Labs, Business Process Outsourcing FDI in HCM City CBRE Vietnam will share an overview of the recent relocation of IT outsourcing & Labs & BPO outsourcing MNCs to Vietnam (i.e. Who / Where / Why). More importantly, CBRE will share its forecast on future trends of industrial office in Vietnam.

Fr, Sep 21 Secure Cloud Computing Improve Preparation for Future Information Technology Advancements with Optimized Software Asset Management and Practical Enterprise Architecture Principles. Case in Point – Cloud Computing in Government Environments

We, Sep 26 AmCham Palooza Party Monthly networking event at the coolest nightspots in Ho Chi Minh City. A platform to develop new friendships, and information exchange. No admission fee for AmCham Members.

Oct 5-6 and Oct 9-13 Oktoberfest Vietnam Triumphantly Marks 20 Years Southeast Asia’s largest celebration of German culture is back in HCMC! Brought to you by the German Business Association and the Windsor Plaza Hotel, this year’s party is bound to be even bigger and better in order to celebrate 20 amazing years in Vietnam. Oktoberfest Vietnam is proudly supported by these Diamond Sponsors: Bayer, Mercedes-Benz, Metro Cash & Carry Vietnam, Rieckermann (Machinery & Industrial Equipment).

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

Long Hau Industrial Park – An Ideal Investment Destination Long Hau is the only industrial park in Vietnam achieved Award Quality Asia Pacific for the Perfect Business Model. Many domestic and foreign organizations highly appreciate its complete services, strategic location, and environment.

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.

”A toxic cocktail … European debt crisis, U.S. economic stagnation, a very critical situation in VN” Dr. Le Dang Doanh: Revitalizing the Vietnamese Miracle

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.”

President Truong Tan Sang addresses the nation on Vietnam’s National Day “The recent collapse and poor performance of many state-owned enterprises, due to the degradation of political ideology, morality and lifestyle choices of certain groups of cadres, party members and people in the community, requires all of us to take corrective action and hold high the Party Statute and abide by its law.”

Government to disband several State Owned Enterprises (SOEs) Plans for reorganizing Song Da Corporation and Housing and Urban Development Corporation (HUD) are under consideration. “The current number of eleven groups will certainly shrink to five or seven.”

New investment in education will boost Vietnam’s economic and social development (HEEAP 2.0) Intel Corp., Arizona State University and the Vietnam Ministry of Education and Training (MOET) in partnership with other government agencies, industry and universities and colleges in Vietnam are intensifying efforts to modernize higher engineering education in Vietnam.

Arizona State University receives grant to help strengthen higher education in Vietnam This grant will support a new component of the HEEAP initiative. The Vocational and University Leadership and Innovation Institute (VULII) will provide capacity-building and training programs for Vietnamese university presidents and engineering school deans.

Vinamilk set to break into Forbe’s “Asia Top 50” Vinamilk’s market cap has topped $ 2.7 billion. Its shares have surged 30 percent this year on the Ho Chi Minh Stock Exchange.

Amway Vietnam puts direct selling in the spolight MLM or direct selling is an industry that has grown to a more than $ 153 billion industry. In 2011, the World Federation of Direct Selling Associations reported more than 91.5 million people all over the world were engaged in direct selling.

AmCham Community Development Fund (ACDF) 2012 – in the news “AmCham Vietnam demonstrates deep humanity through all the projects funded. This is a beautiful act, which is shared with your compassion for the disadvantaged.” Mai Tan Dung, President, Association for the Support of Vietnamese Handicapped and Orphans in Binh Thuan Province.

Why External Hires Get Paid More, and Perform Worse, than Internal Staff According to a Wharton management professor, “external hires” get significantly lower performance evaluations for their first two years on the job than do internal workers who are promoted into similar jobs. They also have higher exit rates, and they are paid “substantially more.” His research showed that internal mobility allows the firm to staff higher-level jobs with workers who have better performance but are paid less.

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

Dr. Le Dang Doanh: Revitalizing Vietnam’s Economic Miracle
In Vietnam, Growing Fears of an Economic Meltdown: NY Times
Fr-Su, Sep 21-23 AmCham Networking Weekend
Why I’m leaving China … for India, Vietnam, and ASEAN
A dear price to pay: Nguyen Duc Kien, ACB, and HCMC stock market
Ho Chi Minh City Metro Rail System Project Underway
AmCham’s International Coastal Cleanup Day
New AmCham Companies Jan – Sep 2012 • 69 new companies joined
In Vietnam, Message of Equality Is Challenged by Widening Wealth Gap (SOEs)
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).