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Generation World, ICT Networking, US Independence Day Celebration
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May 30, 2013. Vietnam and Mexico's Chief negotiators welcomed the U.S. "short-supply" list of yarns and fabrics that would be subject to a more flexible rule of origin under the TPP agreement, but said they would need more time to analyze it before providing a formal response. "We need to have consultations with our business community in order to give the estimate and our consideration to the proposal," Vietnamese chief negotiator Tran Quoc Khanh said at a press conference at the end of the 17th round of TPP talks. Vietnam, Mexico, Malaysia, Peru, Canada and Australia may engage in the process of evaluating the short-supply list and potentially proposing changes. Vietnam and companies will try to estimate how much of Vietnam apparel exports would be covered under the short-supply list to determine how meaningful it is.
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18th Round to be held in Malaysia July 15th - 25th.In their work during this 10-day round, the negotiating groups covering services, government procurement, sanitary and phytosanitary standards, trade remedies, labor, and dispute settlement moved their work forward significantly. The TPP countries also successfully advanced work on the other legal texts, including technical barriers to trade, e-commerce, rules of origin, investment, financial services, intellectual property, transparency, competition, environment and other issues. On the more challenging issues of intellectual property, competition, and environment, negotiators had productive discussions and agreed on next steps to continue their work.
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We, Jun 5
Business Lunch: Generation World
David Sable's thesis - 'Generation World' - describes a generation neither defined by its age nor by its language, but rather by its mindset. Today's global generation belongs to the world personally, proactively and provocatively and shares a lot more in common than ever before.
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Sa, Jun 15
2013 AmCham's U.S. Independence Day Celebration & Family Picnic
Join AmCham members, friends and family to enjoy our traditional American holiday and cultural event that is celebrated all across the USA, in big cities and small towns.
America's Independence Day celebrates the signing of the Declaration of Independence, on July 4, 1776.
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When: Tuesday, Jun 11, 2013 - 5pm - 6pm
Where: Baker & McKenzie Offices
When: Wednesday, Jun 12, 2013 - 8:45am - 10:15am
Where: Renaissance Riverside Hotel Saigon
When: Monday, Jun 17, 2013 - 8:00am - 9:30am
Where: New World Hotel
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Events, Meetings & Special Offers
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Trane, a leading global provider of indoor comfort solutions and services and a brand of Ingersoll Rand, is celebrating its centennial anniversary of delivering performance, innovation, commitment and knowledge to its communities. The Trane locations in more than 50 countries around the world commemorated this milestone with events throughout the month of April.
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The most anticipated technology event is back! Be the first to find out about the latest innovations and technologies in cloud, big data and security-at the IBM Technology Conference & Expo 2013 in Hanoi May 23 and Hochiminh City June 06. Experience a day of breakthrough ideas, innovative answers, technology exhibits, expert panel discussions and great networking opportunities only at the largest exhibition of IBM and business partner solutions.
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AmCham HCMC offers many opportunities to market your company's products and services to AmCahm members, the business community and the general public. Our services include:
- Event Sponsorship
- Event Management Support
- Networking Online (Advertising) on AmCham website
- Announcement in Weekly Update Email
- Print advertising in AmCham Membership Directory
- Print advertising in AmCham Membership Discount Handbook
- Advertising on AmCham Discount Online
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TPP: Golden Opportunity for Vietnam's Agriculture
US farm product exports to 10 TPP partner countries was over $45 billion. The TPP partners have also been the big exporters of farm produce to the US. If Vietnam can join a playing field where there are many "big guys" like the US, Japan and South Korea, this would be a great opportunity for Vietnam to carry out a reform to its agriculture. Vietnam's farm produce would have the opportunity to approach to the high grade market segment in the world. This would help Vietnam change the existing image as a low cost farm produce maker.
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The TPP will benefit businesses based in Viet Nam, whether or not they are from member countries. There should be more FDI into Viet Nam, according to Chen Hsin-Ming, chairman of the Council of Taiwanese Chamber. His organization has noticed that some Taiwanese investors in the textile industry plan to enlarge production in Viet Nam. Junn Huyn Soo of the Korea Chamber of Commerce said: "The essence of the TPP is to provide a winning strategy for all Pacific nations." Last year Vietnam exported textile and garments worth $15 billion, of which Korean firms accounted for around 30%. Korean textile and garments firms plan to double their investment in Viet Nam in the short term to avail the great opportunity offered by the TPP.
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Under the U.S.-Korea trade agreement, the U.S. and Korea established a Working Group on Small and Medium Enterprises (SMEs) to explore and develop ways for small businesses to take greater advantage of the new economic opportunities created after full implementation of the agreement. To inform the Working Group's efforts, USTR requested that the ITC examine the agreement's effects on exports by U.S. small and medium-sized businesses, which account for a significant share of U.S. exporters both to Korea and in general. Most small companies said that the agreement had already proven helpful, and would benefit their companies even more over time. Responses came from small firms in diverse sectors of the economy, including agriculture (wine, tree fruit, potatoes, hay), manufacturing (tool and die, aircraft parts), and services (media, software). http://www.usitc.gov/press_room/news_release/2013/er0523ll1.htm
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creating a platform for ongoing dialogue and cooperation on trade and investment issues between the two governments. The two sides will work together to identify initiatives that support the ongoing reform program and promote inclusive development that benefits the people of Myanmar. "The United States supports reforms that lay the foundation for a peaceful and prosperous future. Economic reforms and trade are mutually supportive. Stronger institutions, transparency, and rule of law create stronger foundations for commercial transactions, trade and investment." On the important issue of labor rights, a continuing area of concern to U.S. stakeholders and the international community, the agreement signed today recognizes the importance of respecting, promoting, and realizing in each Party's laws and practices the fundamental labor rights as enumerated by the International Labor Organization (ILO) and of effectively enforcing their respective laws and regulations on worker rights.
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"Vietnam lacks a good environment for technology transfer between FIEs and local enterprises, because of macro-economic instability, which had prompted enterprises and investors to boost speculation activities, rather than implement long-term investment activities." Technology transfer would need a stable macro-economic climate, in which enterprises would feel secure in investing into bettering technology and staff quality to enhance their competitiveness. The Vietnamese government would need to persistently pursue macro-economic stability, if it wants the technology transfer process between FIEs and local enterprises to be implemented effectively.
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Since 2007, Samsung has committed to invest $3.5 billion in two factories in Vietnam. Meanwhile, LG is negotiating to build a $1.5 billion factory. For years, most S Korean projects in Vietnam were in low value, labour-intensive industries such as garments and footwear. "In Vietnam, business conditions are becoming disadvantaged for low value and labour-intensive industries. Vietnam's existing incentive policies are luring attention of South Korean hi-tech industries. Many are suppliers of Samsung and LG, so they will follow them into Vietnam."
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FDI sector exports, exclusive of crude oil export, amounted to US$64 billion in 2012, rising 33.8% year-on-year and representing 55.9% of the country's total exports or roughly US$115 billion. In January-March, the FDI sector's export revenue accounted for 57.9% of the total. Key FDI export Items are mobile phones and components with around US$12.3 billion, apparel items with US$9 billion and computers and components with US$7.5 billion. FIEs contributed as much as 20% to total investment capital at home and paid up to US$3.7 billion to the State budget via taxes and other financial obligations last year.
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The National Steering Committee for Tourism will present to the Government draft policies meant to make it easier for international tourists to come to Vietnam, including the loosened visa policy proposal. An official of the Vietnam National Tourism Administration told the Daily that the visa-free policy should be maintained for the seven major markets, including Japan, South Korea, Russia, Sweden, Denmark, Norway and Finland. Besides, the visa-free stay for tourists should be 30 days instead of 15 days like now.
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The AmCham Member Discounts Program is provided as a Membership Benefit. It serves as a mutually beneficial opportunity for both AmCham Members and AmCham Discount Partners. Members must present their AmCham Membership Card to receive special, privileged discounts offered by AmCham Discount Partners. A listing of discount offers is available in the annual Membership Discount Handbook (hardcopy) and on the AmCham website
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New World Hotel Saigon #323
76 Le Lai Street, District 1
Ho Chi Minh City
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