Weekly Update Sep 12 Talent Management, Real Estate Networking Night, Coastal Cleanup, Members Night

Highlights

Tu, Sep 13 Legal & VBF Committee Meeting
We, Sep 14 Sustainable Talent Management
Th, Sep 15 Real Estate Networking Night: Industrial Sector
Fr-Su, Sep 16-18 Weekend Retreat in Hoi An
Sa, Sep 17 International Coastal Cleanup Day
Mo, Sep 19 Economic Dynamism: Growth and Overcoming the Limits of Geography
Tu, Sep 20 Members Night and Networking Cocktail Reception
Sa, Sep 24 – Sa, Dec 3 AmCham Scholarship 2011
We, Sep 28 AmCham Palooza Party
Mo-We, Oct 10-12 Cambodia Investment Conference, Phnom Penh
Th-Sa, Nov 10-12, APEC CEO Summit: Honolulu, Hawaii
Southern Key Economic Region: Ports, Industrial Parks, Roads
Developing a 21st Century Workforce in Vietnam

May – Nov is Typhoon Season in the NW Pacific. On average, 27 tropical storms form in this basin every year. Click the link to visit our “Weather” page for updates on tropical storms.

Events, Meetings, Activities, and Special Offers

Mo-Sa, Sep 12-18, Caravelle brings on ‘Pain Perdu’ Brioche Let them eat brioche. The lighter-than-air French pastry is back in fashion this month, a la carte at the hotel’s Lobby Lounge. The buttery, French-toasted brioche will be served eight ways, including with sautéed apples and vanilla bean sauce Anglaise, and more … .

We, Sep 14 Sustainable Talent Management Strategy: Asia Pacific’s vs. Vietnam’s Perspective Talent management remains one of the most pressing and challenging issues for business leaders globally. With Asia Pacific being one of the fastest growing region and a rapidly ageing demographic, the war for talent is even more important to organizations in the region.

Until Oct 2, Legend Hotel Saigon’s Weekend Getaway Package The hotel is once again 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.

Every Friday in Sep, Welcome the Weekend with Mouth-Watering Morsels at Caravelle Hotel Make time to reconnect with friends and reward yourself at the end of a long work week. Reflections Restaurant’s Martini Bar is inviting weary customers to kick back with a favorite martini and tapas-style finger food every Friday evening in September.

Th, Sep 15 Real Estate Networking Night: Vietnam Industrial Sector Join us for our first ever exclusive Industrial market focused event and receive an update on Vietnam’s national industrial real estate market from Vietnam’s only dedicated Industrial property agency team CBRE and Mapletree Logistics, Vietnam’s largest logistics warehousing provider in HCM City.

Th, Sep 15 Taittinger Purple Night 2011 at Caravelle Hotel Poolside Champagne-lovers have the chance to sip their favorite bubbly, sample fabulous finger-food and sway to the beats of one of the country’s hippest DJs at Caravelle Hotel during the Taittinger Purple Night Tour 2011.

Fr-Su, Sep 16-18 Weekend Retreat in Hoi An A unique chance to sample Nam Hai luxury at only $ 250/night/net. Meet new friends at a cocktail party and sumptuous buffet. Sample local nightlife at an Old Town party on Saturday night. Test your skills on two fabulous golf courses, or visit the Cham Museum or Marble Mountain. Or just relax by the ocean or pool.

Sa, Sep 17 International Coastal Cleanup Day, 2011 Join 10 AmCham companies and 600+ volunteers, and the global movement that is giving back to our ocean, by spending just one day cleaning up trash from our world’s waterways and oceans. Vietnam has over 3,000 miles of coastline and ambitious plans for ocean-oriented leisure tourism development, so let’s clean up the beaches!

Sa, Sep 17 Photo Competition at the International Coastal Cleanup Day Capture the essence of the day. Conjure up some camera magic to convey the fun, team spirit of people from all walks of life coming together to collect coastal trash and make Vietnam’s beaches beautiful!

Mo, Sep 19 Economic Dynamism: Growth and Overcoming the Limits of Geography The future outlook of US, Europe and Asian economies; and at the end some comments on Vietnam

Tu, Sep 20 Members Night and Networking Cocktail Reception Meet Consulate General key staff, other AmCham members, and especially new members. All members’ spouses and invited guests are welcome and encouraged to attend!

Sa, Sep 24 AmCham Scholarship Program Information Session AmCham will grant scholarships to 40 top students in partnership with Vietnam National University – Ho Chi Minh City (VNU-HCM), Banking University, Foreign Trade University in Ho Chi Minh City, Ho Chi Minh City University of Law and Hoa Sen University.

We, Sep 28 AmCham Palooza Party at Moevenpick Hotel Saigon 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.

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

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.

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

Alun Cooper is appointed as Headmaster of the International School Ho Chi Minh City Mr. Cooper brings to ISHCMC extensive experience in leading top schools around the world. In the last two years, Alun Cooper served as the Headmaster of Antwerp International School in Belgium. Previous to that, Mr. Cooper worked in Vietnam for five years as the Head of School for the United Nations International School in Hanoi.

Vietnam taps reserves but dong still likely to slide “The problem is that there’s not enough foreign exchange at the official rate,” partly a result of efforts to control both the FX rate and interest rates. “Basically they have to pick one.”

AES Closes $ 1.5 Billion in Non-Recourse Financing for the Mong Duong II power plant in Vietnam for the Mong Duong II Power Plant in Vietnam; Proceeds With Construction. AES has been developing projects in Asia since 1992 and today has nearly 4,000 MW in operation in some of the region’s fastest growing markets.

Vietnam banks cut commercial lending rates for businesses Vietnam’s gov’t, facing a 23 pct inflation rate, said last month the central bank will keep interest rates unchanged for now and consider cutting them if inflation slows.

IMF Advises Vietnam Against Cutting Interest Rates “Prematurely” “It is important that monetary policy not be eased prematurely, because the recent improved sentiment towards the dong remains relatively fragile,” Benedict Bingham, the IMF’s senior resident representative in Vietnam, said.

Panasonic to Build ALIVH Multi-Layer Resin Board Production Plant in Vietnam Panasonic will produce 3.5 million units/month by Aug 2012 in Vietnam, and another 6 million units/month in Taiwan to bring total capacity to 9.5 million units/month, almost six times the level of the last fiscal year.

Inflation cutting into Vietnam retail sales volumes Vietnam’s inflation rate reached 23.02 percent in August, the fastest in 33 months and the 12th straight increase in the figure.

Mazda2 Local Assembly to Commence in Vietnam in Oct 2011 Mazda expects the Mazda2 to become one of its mainstay products in the Vietnamese market and plans to produce approximately 2,000 units per year.

Vietnam’s Banking Outlook to Stay Negative, Moody’s Says Bank risk management and strategy in Vietnam have been hampered by inconsistent policies resulting from government efforts to control inflation and support growth at the same time.

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.

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

Aug 133rd Vietnam Education Foundation Conference: AmCham Support for Education
Aug 11Members Lunch: Consumer Product Safety Commission
.Presentation: Improving Consumer Product Safety for Products Exported to the USA
.http://www.SaferProducts.gov
.U.S. Consumer Product Safety Commission
Jul 7Crisis Management: How to Manage a Crisis that Hurts Your Company’s Reputation
.Presentation: Crisis Management
Jul 2Photo Highights: AmCham’s July 4th Picnic
Jun 17Members Night TPP Briefing & Networking
.Photo album (11 photos)
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).