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US Independence Day Celebration, HR Networking, Palooza Party
 Vietnam's first confidence vote puts cabinet on notice  

The results of Vietnam's first-ever confidence vote by parliamentarians on senior government officials show that mismanagement of the economy is at the core of public dissatisfaction, analysts say. They add that the results also indicate that underperforming cabinet members will be held accountable if they fail to push through bold reforms in the near future. Officials who receive low confidence votes from two-thirds of the house will face another confidence vote, failure in which could lead to their dismissal. "As the Vietnamese economy has struggled to regain its dynamism, a share of delegates appear to be willing to identify the leaders they deem to be most responsible." 
HCMC authorities urge the launch of a campaign called "Five Nations - One Destination" with Cambodia, Laos, Thailand, Myanmar and Vietnam, aiming for a region with a uniform tourist visa or visa exemption to attract international visitors. The city has asked VNAT to submit a proposal to this effect to the Government. Tourism authorities of Vietnam, Laos, Cambodia and Myanmar at international travel exhibitions held in HCMC have jointly promoted "Four Nations - One Destination." Now, they want to partner with Thailand for a joint marketing program for the five countries in the Lower Mekong Basin.
Your participation made this event a success! We hope you, your family, and friends enjoyed the "All American" flavor of the location, the food and the entertainment.  
Click here to see the winners of 84 raffle prizes which were drawn after the Event Ceremony. If you are a winner, please contact AmCham office to claim your prize. 
AmCham HR Committee


Fr, Jun 21AmCham HR Committee Re-launch Event

Navigating in a changing landscape - Labor and PIT law perspective 

On 1 May 2013 the New Labour Code took effect, completing a long process of consultations which involved numerous seminars, meetings, conferences and public hearings. Close to ten Decrees have been issued in recent weeks to implement the new Labor Code. 

We, Jun 26AmCham World Blood Donor Day 


In Vietnam, since the Government's approval of the national program for encouraging voluntary blood donation in 2000, blood donation has been steadily increasing. However, the current blood donation level only meets 45% of demand. For example, in the week after Tet this year, only 70 out of 970 hospitals in Vietnam can receive blood for treatments. 


We, Jun 26,  AmCham Palooza Party 


At Purple Jade Bar, InterContinental Asiana Saigon

AmCham continues its series of monthly informal networking events at the coolest and latest nightspots in HCMC. Free admission for members. VND 100,000/non-member, includes free canapes; special prices for drinks, charged upon consumption to individual guests by the Bar  

Committee Activities
When:     Monday, Jun 17, 2013 - 8:00am - 9:30am 
Where:    New World Hotel
When:     Friday, Jun 28, 2013 - 3:00pm - 4:30pm 
Where:    New World Hotel
When:     Tuesday, Jul 9, 2013 - 5:00pm - 6:00pm 
Where:    Baker & McKenzie Offices
Events, Meetings & Special Offers


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. 


With the summer vacation fast approaching, Banyan Tree Lăng Cô, part of Vietnam's first world-class integrated resort, Laguna Lăng Cô, announces its new offer for local Vietnamese and resident expatriates. "With temperatures in the mid-thirties and long, bright sunny days throughout June, July and August, it's the best time of year to head for the coast," said Albert Lafuente - Area Director of Sales and Marketing.


The Kabin welcomes you back to its "All You Can Eat buffet" signature HOT POT promotion, where Chef Ming puts out hist secret recipes to simmer...

KABIN - LEVEL 1 | 21st - 30th June 2013 - 6:00pm to 10:00pm

VND 600,000++/person

Surcharge applies on dining vouchers - Dining Club Member discount is applicable - Not in conjunction with other promotions or discounts


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 

News and Issues Updates
TPP Trade Deal Hopes Put Vietnam Back on the Radar for FDI   
The prospect of duty-free exports to the US market spurs a rush by Chinese garment makers to set up factories in Vietnam. Attracted by those prospects, Texhong Textile, which sold 6.15 billion yuan (HK$7.7 billion) in yarns last year, is planning further expansion in Vietnam before even starting on the second phase of expansion already on the drawing boards. "Textile exports from Vietnam already enjoy zero duty to China. If they had zero-duty access to the US as well, our planned additional capacity wouldn't be enough," said Hong Tianzhu, Texhong's chairman.
Ho Chi Minh City deputy and Vietnam Bar Federation deputy chairman Truong Trong Nghia provides some sharp insight on the voting. As for officials that score low confidence votes, Resolution No. 35/2012/QH13 on confidence votes provides that officials with over half of the ballots with "low confidence" might step down. For officials with more than two-thirds of the votes of "low confidence" or over half of the ballots of "low confidence" for two consecutive years, the National Assembly Standing Committee and people's councils would consider of dismissal.
"The situation is toxic and unless both banks and investors move quickly to deleverage then the recovery will be a lot slower and more painful. There are clear signs of distressed property assets all over Vietnam. It is just a matter of time before they come to the market." Real estate could make up over 70 per cent of non performing loans in Vietnam. However, bad debts and their assets have not been available for investors to acquire openly from banks or investors.In Vietnam's real estate market, a lack of capital resources punishing many developers unable to finish or continue their projects.

Experts from the US Department of Commerce are conducting a fact-finding tour of major shrimp producers and processors to examine the local shrimp farming and processing industry. The June 10-16 inspection tour is part of the DOC's scheduled plan to provide a basis for its final determination on the anti-subsidy case against shrimp imports from Vietnam 
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
New World Hotel Saigon #323
76 Le Lai Street, District 1
Ho Chi Minh City