Weekly Update Sep 24: Palooza, Members Night, 2012 Compensation Trends, 2012 Consumer Trends

Highlights

We, Sep 26 Dialogue Meetings on Enterprise Law, Investment Law
We, Sep 26 AmCham Palooza Party
AmCham Scholarship Program 2012
Th-Fr, Oct 4-5 Singapore Management University Executive MBA Info Sessions
Th, Oct 4 Members Night and Meet the U.S. Consulate General
We, Oct 10: Morning Briefing: Vietnam Compensation Trends 2012
Th, Oct 11 Members Lunch: Vietnam Consumer Trends 2012
Th-Su, Oct 24-28 Hi-Tech Agro and Food Industry Fair HCM City
New U.S. Consumer Product Testing Rules: Exporters Be Aware
Secure Cloud Computing and IT/Software Asset Management
Software, Labs and BPO in Vietnam • Who, What, Where
Minimum wage adjustment (increase) effective in 2013 spooks many enterprises
China’s apparel exports down, as wages keep rising
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
Sa, Dec 8 AmCham’s Governors’ Ball • SAVE THE DATE
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.

Banner TalentNet Mercer Total Remuneration Survey
Mercer, the leading global provider of human resource services and its associate, Talentnet, will announce the results of its Vietnam Total Remuneration Survey 2012 on October 4th and 5th. The seminars will provide essential data about salary increase rates, common allowances and bonuses by industry and level, as well as other information such as employee turnover rates, the most difficult jobs to attract and retain, the compensation mix for each level of staff…..in 2012.

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

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.

Until Sep 30, Legend Hotel Saigon’s Weekend Getaway Package The luxury river-front five-star international hotel has offered 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.

Sep 14 – Dec 24, Special Autumn Package at Vinpearl Luxury Danang Situated in the prime location of Non Nuoc beach, located on one of the six most beautiful beaches on the planet (as voted by Forbes magazine) and overlooking the vast ocean, with its back resting on the majestic Marble Mountain range, Vinpearl Luxury Da Nang is the ideal holiday destination for you. Starting at VND 3,380,000++ for bookings from Sep 14 to Dec 24, 2012.

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.

Pamper the Body and Treat the Palate with Hyatt Gold Passport Points at Park Hyatt Saigon As an appreciation to Hyatt Gold Passport members, Park Hyatt Saigon has made earning and redeeming points limitless. This loyalty program has taken it one step further by allowing Hyatt guests to earn and redeem points, not only at Xuan Spa, but at both restaurants, Square One and Opera, as well.

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.

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..

We, Oct 10: Morning Briefing: Insight of Vietnam Compensation Trends 2012 Comprehensive information from 371 organizations, 1,381 positions, and 121,306 employees.

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.

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

Tu-We, Nov 13-14, U.S.-ASEAN Smart Grid Workshop: Partnering for Regional Power Cooperation for state-of-the-art electricity transmission and distribution projects throughout the region. Highlights regional smart grid projects and initiatives, U.S. smart grid technologies, and the regulatory frameworks, standards, and financing mechanisms available to support them. Participating regional delegates will represent power utilities, national transmission corporations and energy regulators from ASEAN member states.

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

Minimum wage adjustment (increase) effective in 2013 spooks many enterprises“The government wants to rescue enterprises, but bankruptcies are inevitable. Not to mention, no policies promulgated can meet all interests. Rather, enterprises should rescue themselves.”

China’s apparel exports down “Wages kept rising in the past few years. For example, in our factory, the workers now earn twice what they earned five years ago.”

Dialogue Meetings on Investment Law, Enterprise Law, Wed, Sep 26 The Vietnam Business Forum Consortium, in collaboration with VCCI, the Foreign Investment Agency under Ministry of Planning and Investment would like to invite AmCham members to discuss amendments to the Investment Law and Enterprise Law.

Vietnam needs funding for airport projects Long Thanh International airport in Dong Nai Province is one of the airports, with construction started in 2015 and be operational by 2020 when phase one is completed. The airport will be able to handle 25 million passengers and 1.2 million tons of cargo every year in the first phase until 2020. The annual passenger handling capacity will be 50 million by 2030 and increase to 100 million afterward.

Greater Mekong Subregion (GMS) 20th Anniversary Celebration Since 1992, the Asian Development Bank has helped to link the economies of six countries in the Greater Mekong Subregion: Vietnam, Laos, Cambodia, Thailand, Myanmar, and two adjacent provinces in China.

Retail Industry Leaders Association : TPP Apparel Coalition Continues to Press Negotiators for Flexibilit Following the 14th round of negotiations, the TPP Apparel Coalition urges negotiators to promote and sustain apparel value chains that employ millions of American workers. TPP negotiators wrapped up the 14th round of negotiations Saturday in Leesburg, VA. Representatives of the TPP Apparel Coalition were on hand in Leesburg to meet with negotiators and other stakeholders.

EU Plans Anti-Corruption Law For Firms The EU has voted for a draft anti-corruption law to make it illegal for oil, gas and mining companies to give illicit payments to officials in resource-rich nations that lack strong governance. The law would also cover the forestry industry, banking, construction and telecommunication sectors on a less detailed level than those for extractive industries.

Vietnam’s corporate income tax to be lowered further Under the tax reform roadmap till 2020, Viet Nam will gradually slash its corporate income tax. The Ministry of Finance is drafting amendments to the Corporate Income Tax Law and then submitting them to the National Assembly to approve in 2013.

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.

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

New U.S. Consumer Product Testing Rules: Exporters Be Aware
Sep 26 AmCham Palooza Networking Party
Th, Oct 4 Members’ Night and Meet the U.S. Consulate General
Welcome to New AmCham Companies
Fr, Sep 21 Secure Cloud Computing and IT/Software Asset Management
We-Th, Sep 19-20 Workshop on New Customs Procedures
Th, Sep 20 Software, Labs and Business Processing Outsourcing
Inflation feared to return later in 2012
HCMC High-Tech Agro and Food Fair 2012
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).