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Hire Right & Avoid Firing, Hung Kings' Festival Day, Palooza, TPP Update
FEATURES
The 16th round of negotiations concluded in Singapore on March 14, and the 17th round is scheduled to be held in Lima, Peru May 15-24. The current goal is to reach an agreement in time for the October 2013 APEC summit in Indonesia. For this deadline to be achieved, outstanding negotiating positions need to be tabled soon in order for political decisions to be made. The negotiating dynamic itself is complex: decisions on key market access issues such as dairy, sugar, and textiles and apparel may be dependent on the outcome of controversial rules negotiations such as intellectual property rights or state-owned enterprises.

Our 2013 Membership Directory will be delivered to members this week, April 15.

In the meantime, our online Membership Directory is available now. The Directory is a highly effective method for getting to know about other AmCham companies and representatives. It's used in multiple ways by a number of different groups, and is used daily by members and employees at AmCham companies.

New Members use it when they join AmCham, referencing the special section on member benefits and AmCham events and activities. Our online Membership Directory is constantly updated, and you can learn about AmCham companies and their representatives at AmCham Online Directory.
Events, Meetings & Special Offers


Th, 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.  

Fr, Apr 19 - Vietnam Holiday 

 

The 10th day of the third lunar month is dedicated to commemorating the anniversary of the death of the founder of the Vietnamese nation-the first Hung King. The Hung kings ruled the country from 2879 to 258 BC, over 2,000 years. According to historical records, the regime of the Hung Kings was an impressive, brilliant and outstanding start for establishing Vietnam as a sovereign nation. the 18 generations of the Hung Kings saw the birth and development of a nation and are credited with forging national characteristics such as the sense of community, mutual affections, patriotism and unwillingness to yield to oppression.  

We, Apr 24  

 

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

 

 

 

 
Having the biggest salary survey in Vietnam with compensation data of more than 120,000 employees from 371 companies joining our salary survey last year, we would like to invite you to become a member of our 2013 Vietnam Total Remuneration Survey (TRS). Instruction seminars for participants 2013 will be held on 17/03 at Sofitel Plaza in Hanoi and 18/03 at New World Hotel in Ho Chi Minh City. 
Please click here to read more.

 

Korean Air offers one of the largest global networks in the industry, connecting 125 cities in over 45 countries. Fly to your favorite destinations with us any day because we understand that the world is your stage.

 

Master Chef Ho Wing Sang will create traditional Poon Choi, a special Chinese Hot Pot featuring nine layers of fresh and flavorful ingredients cooked to perfection in an authentic clay pot. For lunch and dinner during this 10-day period, you can enjoy this very special dish featuring locally grown seasonal vegetables, fresh caught seafood, succulent chicken and duck and the finest cuts of abalone and pork layered with herbs and secret spices to ensure a fabulous feast. Priced at Vnd 542,000 per person. 

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 

 

HCMC: Time: 6:00pm, Wednesday May 8th, 2013 | Venue: 3rd Floor, PVC-Saigon Building, 11bis Nguyen Gia Thieu Street, District 3 

HANOI: Time: 6:00pm, Wednesday May 8th, 2013 | Venue: Suite 1101, 11th Floor, Building A, FTU, 91 Chua Lang Street, Dong Da District 

To register, click here or call (08) 3933 3033 for HCMC or (04) 906 260 408 for Hanoi

 

Welcome you to K-C where diverse people make the difference! We are looking for people who bring passion to win and a desire to make a difference. We will actively seek people from diverse backgrounds and perspectives because this will lead us to better insights, debate and solutions. People join our company to make a difference in the lives of people around the world, in their communities, in their teams and for their families.

 

Asian Tigers Mobility, a Moving and Relocation Company won "The Best Destination Services Provider" at the Expatriate Mobility Management Awards (EMMAs), sponsored by the Foreign Expatriate Management. The panel judges commented at the award ceremony held in Hong Kong, December 2012: "Asian Tigers Mobility are very customer focused and service driven, leveraging their specialist knowledge in the Asia region." These services include: Move Management, Visa & work permit assistance, Preview trips, Home / School Search, Settling-in, Tenancy management and Departure services. 

News and Issues Updates

 

On goods market access, U.S. trade officials said they had a positive exchange with Vietnam at the Singapore round. One source said USTR is planning a new exchange of goods offers with Vietnam in April. USTR has indicated that Vietnam's most recent offer on services and investment yielded only technical as opposed to substantive improvements. USTR has been working closely with Vietnam to help it draft a services offer based on the negative list approach being used in TPP, which Vietnam has never before done in a trade agreement. Four TPP chapters are to be completed in May: sanitary and phytosanitary (SPS), Technical Barriars to Trade (TBT), Investment, Services. 

 

"Since November 2011, the United States has been engaged in consultations with Japan focused on Japan's readiness to meet the TPP's high standards for liberalizing trade and investment, and to address specific bilateral issues of concern in the automotive and insurance sectors, as well as other Japanese non-tariff measures.

"The United States and Japan have successfully completed these consultations by concluding a robust package of actions and agreements with Japan in the automotive and insurance sectors, as well as other non-tariff measures. As a result, we are pleased to welcome Japan's participation in the TPP negotiations pending a consensus agreement among the current TPP members and the completion of our respective domestic processes. Japan's entry into this important initiative for the Asia-Pacific region will help it to deliver significant economic benefits to the United States, Japan and the Asia-Pacific region."  

 
The strategic sale of a 15% stake in the Joint Stock Commercial Bank of Foreign Trade of Vietnam (also known as "Vietcombank") to Mizuho Corporate Bank, Ltd. was recognized as one of thirty two Asian Counsel's "Deals of the Year" for 2012.
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.
 
YKVN has once again been selected by the International Financial Law Review (IFLR) as the National Law Firm of the Year in Vietnam for 2013. The IFLR Asia Awards are generally recognised as the most prestigious market awards for law firms and legal innovation in the region.
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. ...   


CBRE Vietnam shared its view on the industrial real estate market with challenging market conditions in 2012 and a 2013 forecast based on major recent case studies on who / where/ why. Despite difficulties and declines in FDI, a steady but reduced inflow is underway. FDI representatives continue to highlight that FDI in Vietnam is hindered by the high price of industrial land ... weak infrastructure, poor training of workers, and lack of supporting industries.
"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.
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.

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