Weekly Update Sep 19: Economic Dynamism, Members Night, Palooza Party

Highlights

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
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
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. Very few have landed in Vietnam this year.

Events, Meetings, Activities, and Special Offers

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, skillful design. Also wood processing equipment and materials will be exhibited.

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 Vietnam’s past 10 years of double digit growth.

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.

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.

ADB: policy tightening will lower inflation – Vietnam Development Outlook 2011 The immediate challenge is to follow through on the policy tightening; the longer-term one is to reinvigorate structural reforms.

Vietnam will be a very attractive manufacturing base: IFC Regional Manager Simon Andrews IFC seeks to invest $ 800 million in Vietnam in 2011, more than double the 2010 level. Will focus on banking, infrastructure, and supporting entrepreneurs.

India, Vietnam discuss defense, trade cooperation Focus areas for cooperation included political, defence and security, trade and investment, credit and banking, energy including oil and gas exploration.

China warns India on South China Sea exploration projects India has stressed its strong support for the “freedom of navigation in international waters, including in the South China Sea”, after the INS Airavat, on a recent goodwill visit to Vietnam, was asked over radio to leave “Chinese waters”.

Vietnam must keep up inflation fight, says ADB “The main risk to our near-term forecasts is a premature easing of macroeconomic policies.”

Thai rice subsidy scheme to push up world prices The U.S. Department of Agriculture forecasts that Thailand’s rice exports will drop 20 percent to 8 million metric tons in 2012 because of the rice buying scheme. That could see Vietnam overtake Thailand as the No. 1 exporter.

TransPacific Partnership (TPP) divides apparel and textile industry The “yarn forward” rule of origin has emerged as one of the most divisive issues in the most significant negotiation for the US and its regional trade partners since the NAFTA agreement.

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

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
Aug 133rd Vietnam Education Foundation Conference: AmCham Support for Education
.Presentation: Improving Consumer Product Safety for Products Exported to the USA
.Presentation: Crisis Management
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).