Weekly Update Sep 17: Consumer Product Testing, Customs Training, Outsourcing FDI, Cloud Computing

Highlights

Tu, Sep 18 New U.S. Consumer Product Testing Rules: Exporters Be Aware
We-Th Sep 19-20 Training Workshop on New Customs Procedures
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
We, Sep 26 AmCham Palooza Party
Th, Oct 4 Members Night and Meet the U.S. Consulate General
Th, Oct 11 Members Lunch: 2012 Vietnam Consumer Trends
Th-Su, Oct 24-28 Hi-Tech Agro and Food Industry Fair HCM City
Macroeconomic stability must be focus for Vietnam: CIEM
Inflation feared to return later in 2012
Tu, Nov 6, U.S. General Elections Day • U.S. Voter Registration Web Sites
Nov 11-17 Infrastructure Trade Mission to Indonesia and Vietnam
Tu Dec 11 Annual General Meeting and Members’ Networking Night

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.

Tu, Sep 18 New U.S. Consumer Product Testing Rules: Exporters Be Aware (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.

Amazing Offers To England from Qatar Airways this September. We fly daily from Ho Chi Minh anh Hanoi to over 100 destinations worldwide. All-in round trip fares: London from 20.700.000 VND, Manchester from 21.600.000 VND. Sales validity from 8 Sep 2012 to 30 Sep 2012. Visit www.qatarairways.com/vn or call: Ho Chi Minh City office: +848 38273 888, Hanoi office: +844 3933 67 67

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.

We-Th Sep 19-20 Workshop on New Customs Procedures VCCI-HCMC has organized a two-day training workshop on new customs procedures, in Vietnamese, and has invited AmCham companies’ Vietnamese staff to participate. Khi các doanh nghiệp làm thủ tục hải quan vẫn thường xuyên gặp khó khăn, xảy ra những tranh chấp với hải quan do những bất đồng trong việc áp mã hàng hóa xuất nhập khẩu để xác định thuế suất và phương pháp xác định giá tính thuế. Vì thế đã làm hạn chế quá trình thông quan hàng hóa, gây ảnh hưởng đến hoạt động kinh doanh xnk. Để giải quyết những vấn đề hạn chế nêu trên,VCCI – HCM tổ chức khóa đào tạo.

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.

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.

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

Meeting Specials at Caravelle Hotel Full-day meeting: From VND 777,000 ++/ person, Half-day meeting: From VND 672,000 ++/ person, Inclusive of: Welcome tea or coffee, Tea and coffee break with pastries, fresh fruits & chilled juices (2 Coffee Breaks for full day package), Choice of Set or Buffet Lunch, Free flow of soft drinks during lunch, Bottled water served during meeting

Th, Oct 4 (HCMC) Fr, Oct 5 (Hanoi) Singapore Management University Executive MBA Information Sessions The Singapore Management University (SMU) Executive MBA programme has the most senior students’ class profile in the world with the current intake consisting of 68% C-Suite executives, average age 43 years, 20 years rich experiences and from 11 countries. Classes are conducted in 9 weeks over 12 months and held in 4 cities in China, India, the USA and Singapore. Curriculum co-designed by 100 leaders in Asia.

Great Savings at Debenhams and Emporio Armani stores, Vincom Center Enjoy 35% off on your 2nd purchased item at Debenhams store from Sep 7 – 30; and 30% – 80% off at Emporio Armani store from Sep 14 to 28, 2012.

We-We, Sep 12-19 Enlivened Indian Gourmet Treasure In Saigon at Café Rivoli, Sofitel Saigon Plaza Embark on a lip-smacking gourmet journey to India during Indian Food Festival. Starting with an unforgettable opening ceremony on Sep 12, the week-long event features the renowned Master Chefs, Chef Sanjay B. Dasari and Girishkumar Palliyal Ayichthu who will transform their talented skills into a wide array of authentic Indian dishes.

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.

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.

Sa, Sep 29 “Working and Living in Vietnam” Workshop – MindWork Training Participants will learn and experience in a fast way about the cultural differences between Western and Vietnam, how to see them, interpret them and how to deal with them.

Th, Oct 4 Members Night and Meet the U.S. Consulate General AmCham invites you to attend a Members Night, with networking cocktails and buffet reception. Members’ spouses and guests are not only invited but also encouraged to attend with you. Welcome by AmCham Chairman Christopher Twomey, Consul General An Le, update on U.S. visa procedures, and Economic, Commercial, Agricultural trade and investment promotion..

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).

Th, Oct 11 Members Lunch: 2012 Vietnam Consumer Trends Join Ralf Matthaes, Regional Managing Director of TNS, for his 8th annual overview of the Vietnam’s consumer and economic landscape.

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 11-17 Infrastructure Trade Mission to Indonesia and Vietnam will focus on the following sectors: Energy, Aviation, Environmental Technology, Architecture-Construction-Engineering.

Sa, Dec 8 AmCham’s Governors’ Ball • SAVE THE DATE The AmCham Board of Governors cordially invite you to the 17th Annual AmCham Governors’ Ball, to be held on Saturday, December 8, 2012. Tickets are limited, so please make your reservation request early to avoid disappointment. And get ready to enjoy this evening, and do some early Christmas shopping. Click the link for general information and thanks again to our generous 2011 Sponsors.

Tu Dec 11 Annual General Meeting and Members’ Networking Night Annual Report of the Board of Governors and the previous years’ accounts, as well as the election of eight members to the Board of Governors for a two-year term: Jan 2013 – Dec 2014. Networking cocktail reception will follow the meeting. Members and spouses are welcome and encouraged to attend !

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.

Vietnam aims to lift sovereign credit rating Currently, S&P gives Vietnam an overall rating of BB-, while Moody’s rates it B1 and Fitch gives it a B+ rating, all three or four levels below investment grade.

MPI strategy review after 25 years of FDI “We have to limit FDI in labour- and energy-intensive sectors and projects with low technology,” said Do Nhat Hoang, director of the MPI’s Foreign Investment Agency, expecting a decline in FDI commitments to Vietnam in the short-term because many foreign investors would relocate their labour and energy intensive projects to other countries like Cambodia and Myanmar. “We have to attract FDI in hi-tech sector and huge capital.”

Defining FDI HCMC-based Mekophar decided to list on HCMC Stock Exchange, in hopes of attracting foreign portfolio investment. The hopes came true as foreign investors acquired 4.70 per cent of shares. However, HCMC’s Department of Planning and Investment then refused to give the firm a license to distribute and sell drugs in the domestic market.

Macroeconomic stability must be focus for Vietnam: Central Institute for Economic Management Economic woes will continue. The way the world, or Vietnam, rescued the economy in the 2008-2009 crisis cannot be repeated. Growth and development models should be changed, leading to pain and loss of time.

Inflation feared to return later in 2012 Le Dang Doanh said, “Loosening fiscal and monetary policy at the moment will lead to a return of inflation.” He added that the Government should draw experiences from the past when Vietnam was entrapped in a repeated cycle of inflation and recession.

Prime Minister orders crackdown on anti-government websites He ordered the Ministry of Information and Communications to work with the Party Central Committee of Propaganda and Education to instruct news agencies to distribute objective and correct information about the country’s various facets, especially issues attracting much public attention.

Sep 19-20 Workshop on New Customs Procedures CẢI TIẾN MỚI THỦ TỤC HẢI QUAN VỚI HÀNG HÓA XNK Two-day workshop on new customs procedures. Khi các doanh nghiệp làm thủ tục hải quan vẫn thường xuyên gặp khó khăn, xảy ra những tranh chấp với hải quan do những bất đồng trong việc áp mã hàng hóa xuất nhập khẩu để xác định thuế suất và phương pháp xác định giá tính thuế. Vì thế đã làm hạn chế quá trình thông quan hàng hóa, gây ảnh hưởng đến hoạt động kinh doanh xnk. Để giải quyết những vấn đề hạn chế nêu trên,VCCI – HCM tổ chức khóa đào tạo:

HCM City and Japan Bank for International Cooperation set up infrastructure fund Projects in HCMC and southern provinces include the Long Thanh international airport project as well as water supply and drainage projects.

First Haagen-Dazs Cafe opens in Ho Chi Minh City Housed in a French Villa at 11-13 Han Thuyen Street in District 1, Haagen-Dazs promises to bring a new experience for cafe-goers with more than over 60 flavors of ice cream, beverages and a peaceful view of the April 30 Park located opposite.

Vietnam’s textile sector aims for US$ 15 billion exports in 2012< Vietnam’s total textiles and apparel exports in Jan-Aug reached US$ 10.8 billion, a year-on-year increase of 6 percent.

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.”

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.

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

Fr-Su, Sep 21-23 AmCham Networking Weekend
Sep 26 AmCham Palooza Networking Party
Government to disband several State Owned Enterprises (SOEs)
Fr, Sep 21 Secure Cloud Computing
Arizona State University receives grant to help strengthen VN higher education
Th, Sep 20 Software, Labs and Business Processing Outsourcing
A toxic cocktail … European debt crisis, U.S. economic stagnation, a very critical situation in VN
Legal & VBF Liaison Committee Meeting
New investment in education will boost VN’s economic and social development
AmCham’s International Coastal Cleanup Day
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).