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FDI Down Again for 3rd Year, TPP Textiles & Apparel, Hire Right & Avoid Firing
FDI declined for the third year in a row. In 2010, $18.1 billion was reported, $14.7 billion in 2011, and down to only $13 billion in 2012. Neighbouring countries such as Indonesia, Myanmar, Thailand and Cambodia emerge as attractive investment destinations. And global FDI increased from $1.5 trillion in 2011 to an estimated $1.9 trillion in 2012. If Viet Nam does not create a more favourable investment climate, FDI might continue to decline.
Implementation of yarn-forward principle in the TPP would attract entrepreneurs to invest in the Vietnamese textile industry for manufacturing materials that would be used for production of garments meant for export to the US at zero-tariff. Vietnam exported $7.6 billion worth of garments to the US. And with the current growth rate, the export turnover would be $13 billion by 2020. However, with the Trans-Pacific Partnership agreement (TPP), the figure would be as high as $22 billion, according to Mr. Le Quoc An, Senior Advisor to the Vietnam Textile and Apparel Association. He said that this is not an "illusion," if Vietnam can grab the opportunities to be brought by TPP. An said he personally has received at least 10 invitations for cooperation from companies from Singapore, Hong Kong, and China, who said they wanted to look for suitable places to set up textile factories in Vietnam.
Events, Meetings & Special Offers

Ambassador David Shear

We, Apr 18  

Morning Briefing: Hire Right & Avoid Firing


Firing employees is a tough task worldwide, more so in Vietnam, due to regulations. Very few firings are due to restructuring or changed business environment, beyond the control of the organizations. The majority of terminations are due to non-performance and employee not fitting the job, so hire right and avoid firing.  


The Palooza Party is a platform to develop new friendships, networking opportunities and information exchange. 

Come and join us for a night of casual networking, meet other professionals, bring your business cards! 
AmCham Member: Free admission

Non-Member: VND 100,000 

includes free canapés; special prices for drinks, charged upon consumption to individual guests by the Restaurant

Catholic Traditions in Quang Tri Province  


"As part of my recent trip to the central region of Vietnam, I visited La Vang Pilgrimage Center in Quang Tri Province. I was delighted to see a site of such religious significance firsthand."

"Nhân chuyến đi mới đây của tôi tới miền trung Việt Nam, tôi đă đến thăm Trung tâm Hành hương La Vang ở tỉnh Quảng Trị. Tôi đă rất vui khi trực tiếp tham quan một địa điểm giàu ư nghĩa tôn giáo như vậy."


U.S. negotiators met with several apparel brands and retailers and made a detailed presentation about their new approach to "short supply" in TPP. In brief, the new U.S. proposal is to create two short-supply lists: one for permanent benefits, and one for temporary [3 years] benefits. Unlike the short-supply provisions in other U.S. Free Trade Agreements, the TPP concept is intended to be a simpler approach that will provide preferential market access from day one of the agreement. Gail Strickler, Assistant USTR, Textiiles & Apparel.


Are you looking for some place to get out of the city for a while? 

Come to the Pandanus Resort in Phan Thiet and experience the most fabulous summer of your life! 

The Pandanus Resort family summer getaway packages are affordably priced. 



Vietnam is open to working with the United States and the private sector to see whether a U.S. proposal aimed at resolving the controversial issue of rules of origin for apparel will lead to a solution that would be acceptable to both countries in a Trans-Pacific Partnership (TPP) agreement, according to Tran Quoc Khanh, Vietnam's Chief TPP Negotiator. 


CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has achieved strong progress since the launch of its global sustainability drive, 'Go Green @ Ascott', in March 2012. Ascott has made significant strides in the areas of environment, health and safety as well as reduced water and energy consumption, as it strives to become the world's leading green serviced residence company. 

Your ever-changing business climate makes long-terms customer relationships more important than ever. To develop those relationships, your salespeople need to sell strategically, they need to understand everything about an account, and they need to utilize rigorous strategic methods to secure business - and keep it. That's why they need Winning Account StrategiesTM, a workshop designed for salespeople and managers who already possess a solid foundation in sales call skills, but are ready for the next step: a more strategic approach to maximizing sales opportunities and relationships with key customers


By 2020, "heavy investment in emerging tourism markets will widen traveller choice, increase competition and potentially drive down prices and profit margins across the spectrum of hotels" (*). In the face of challenge, chains need to expand to new markets and independent hotels need to keep pace with big brands or join them. Therefore, to maintain a competitive edge is one of the most critical tasks that CFOs and top-level managers in this industry need to fulfill. 


A 10% increase of business bankruptcies in 2012 has showed a significant signal of increasing bad credit risk in Vietnam. Today, D&B's (Dun & Bradstreet) powerful analytical tools and data coverage of 125,000 companies in Vietnam make the task of reducing bad credit risk easier, and hence improving cash flow. Get D&B report today to enjoy a 10% discount valid until April 30th,2013 

The chart shows U.S. imports from TPP countries, excluding Canada and Mexico. Vietnam was already the third largest supplier in 2011, overtook Singapore in 2012, and could soon overtake Malaysia to be the leading supplier. As an export market, Vietnam ranks quite low.


"The U.S. has been negotiating market access only with those countries with which we do not already have FTAs.Those negotiations are being conducted bilaterally at a pace that is responsive to the offers from the other countries. The key county is Vietnam, a very large market. We're looking to insure that we have significant market access in areas of interest to the U.S. Vietnam is looking for improved access in footwear and textiles. We are slowly making progress on a package that will be balanced, and addresses the interests of both countries, but we have to do so in a way that is comfortable for both countries." Barbara Weisel, Assistant USTR and Chief U.S. TPP Negotiator.
AGS Four Winds VIetnam opened offices in Vietnam this month, as momentum continues with the AGS group's expansion in Asia. The two new branches are located in the main commercial hub HCMC & a satellite office in the capital of Hanoi. AGS Four Winds Vietnam is headed by Kevin Hamilton. Originally from the UK, he has 7 years removal and logistics experience within Vietnam and proven management   expertise across multiple industries. 

Vietnam would be the largest beneficiary 
on the TPP track and of an Asia- Pacific-wide agreement. Five factors explain this result: (1) strong trade with the United States; (2) the lowering of high protection abroad against apparel and footwear, which are Vietnam's principal exports; (3) strong competitive positions in these and other manufacturing industries where China's comparative advantage is fading; (4) high initial domestic protection; and (5) powerful scale effects in Vietnam's principal production clusters.  


The first three factors would boost Vietnamese exports and terms of trade under the TPP. The last two amplify these benefits by stimulating productivity gains. Higher incomes in turn enable Vietnam to invest more and grow more rapidly.  

News and Issues Updates
Samsung Electronics began work on a hi-tech complex worth US$3.2 billion in Thai Nguyen following the success of its cell phone factory in Bac Ninh, which started operation in April 2009. After three years, Samsung increased its investment in this factory to US$1.5 billion in 2012 and decided to transform it into a technology complex. The factory produced some 100 million products in 2012, over 95% of which was exported to the EU, the Middle East, Russia and some Asian nations, bringing in some US$12.7 billion, or 11% of Vietnam's total export turnover.

The Vietnam Fatherland Front Central Committee (VFF CC) has garnered eight million opinions from people of all walks of life commenting on the draft amendments to the 1992 Constitution since the poll was launched.VFF CC Chairman Huynh Dam handed over a report summing up the opinions to the Committee on drafting amendments to the 1992 Constitution at a ceremony in Hanoi on April 1.
Dam said the opinions reflect people's keen interest in amending the 1992 Constitution to make it that of people that reflect their will and aspirations. ...   

The $4.2 billion Ho Tram Strip integrated resort is facing a delay due to the pull-out of the first resort's operator and financing problem. The developer, Asian Coast Development (Canada) Limited (ACDL), announced that MGM Resorts International (MGM) would no longer manage the first of the Ho Tram Strip's five resorts. The two sides did not reveal reasons for the termination of the agreement which they entered into five years ago.


The annual Asia Pacific Business Outlook is the premier conference for exporters and investors targeting Asian markets. Get key intelligence on 17 markets by choosing from 60 focused sessions and private one-on-one consultations.

New Metro Line to link Binh Duong New City with HCM City


The Ministry of Labour, War Invalids and Social Affairs (MOLISA) has circulated a number of draft decrees guiding the new Labour Code and the new Law on Trade Unions. In accordance with Vietnam's commitments in the  Bilateral Trade Agreement, in the report of the Working Party on the Accession of Vietnam to the WTO, and as ratified by the National Assembly in Resolution No. 71, Nov 29, 2006, we are preparing for workshops and dialogue meetings with MOLISA in the coming days, most probably in March. We will keep you informed as to the date, time, and location of the workshops and dialogue meetings.  



New World Hotel Saigon #323
76 Le Lai Street, District 1
Ho Chi Minh City