|
AmCham HCMC & Danang Weekly Newsletter
December 4th, 2024
| |
Update from the Executive Director | |
Last week, AmCham celebrated Thanksgiving by organizing the Thanksgiving Turkey Shoot Golf Tournament and Lunch at the Vietnam Golf & Country Club. We had so much fun and we got to enjoy some delicious, traditional Thanksgiving food! Our special thanks to Le&Tran, ASART, SuperGiao, Titleist, Dong Thai/ Hotchland Nutrition, Ly Gia Vien, The Bluffs, Sherwin Williams, Lighthouse Group Indochina, Heineken/Edelweiss beer, Coca-Cola, Suntory PepsiCo, and many other sponsors for supporting our event! LINK to photos. | |
|
The AmCham Governors Ball is this Saturday evening! Proceeds will go towards our AmCham Scholarship programs, so you can give back to the community while enjoying a great night out. We would like to express our sincere gratitude to those who have sponsored and who are attending this event. Your generous contributions will be recognized both before and during the event in front of over 400 senior executives.
Your support is truly appreciated and valued! This is the final opportunity for tickets and prize sponsorships. If you're interested in participating in this meaningful CSR event, please contact us at contact@amchamvietnam.com.
We look forward to seeing you on Saturday, December 7, as we celebrate our 30th anniversary and kick off the holiday season!
| |
| |
|
|
2024 Board of Governor Elections. Only 7 days left and we need your vote!!!! If you are a voting member of AmCham Vietnam HCMC, you should have already received your online ballots. Please click the LINK to see our impressive slate of candidates for the 2025-26 term, together with their biographic information and “Vision for AmCham.” Eight governors will be elected in on-line secure voting, ending at 11:59PM Sunday, December 8. Election results will be announced at our Annual General Meeting on Thursday, December 12, starting at 6PM at the New World Hotel.
If you missed our Meet the Candidates Night on Tuesday night, this recording link will give you a chance to see and to listen to all candidates’ 2-minute campaign speeches.
| |
AmCham Membership Renewal. It’s that time of year to renew your AmCham membership for 2025! We have begun sending out our renewal notices. Our AmCham team has been working harder than ever this year to deliver value and support you, our members, particularly through our Committees, business intelligence events, and advocacy efforts. We look forward to your continued support, and we are ready to welcome our new members. As you join or renew your membership, please consider becoming a Premium Member. LINK | |
As always, do let us know how we can serve you better. We wish you a great rest of the week! | |
Yours sincerely,
Travis Mitchell
Executive Director
| |
|
We thank all members who recently shared their comments on draft legislation currently being discussed.
-
Draft Law on Personal Data Protection: The position paper was submitted to the Ministry of Public Security on November 24, 2024.
| |
|
Members are encouraged to bring forward any advocacy needs or related questions to the relevant Committees, or by email to advocacyaction@amchamvietnam.com.
Similarly, we invite members experiencing instances of administrative delays and challenges to share details via email to communications@amchamvietnam.com. We are compiling this information on behalf of our members.
| | |
|
|
At Rex Saigon Hotel, 141 Nguyen Hue Boulevard, District 1
To provide updates on the trade and investment policies of Vietnam and the U.S., and in the context of Vietnam emerging as a reliable destination amid the global supply chain shift by major U.S. corporations, the Ministry of Industry and Trade is organizing the Vietnam – U.S. Cooperation Forum 2024.
The forum will feature participation from government ministries, agencies, associations, businesses, and experts from Vietnam and the U.S. It aims to provide critical information to help businesses proactively develop long-term business plans. The forum also offers an opportunity for companies from both sides to meet, network, and explore business opportunities through promotional and trade connection activities.
| | | |
|
|
At JW Marriott Hotel & Suites Saigon, Corner of Hai Ba Trung and Le Duan, D1
Can you believe that AmCham Vietnam turned 30 years old this year? Let’s celebrate our achievements, and let’s make a difference by supporting the AmCham Scholarship Program the Women in Engineering Scholarship Program!
Join us in celebrating AmCham’s 30th anniversary with this year’s glamorous Pearl Anniversary-themed Governors’ Ball! Set against a backdrop of elegance and festive cheer, this exclusive gathering brings together over 400 esteemed members of the AmCham community, along with top Vietnamese and international business leaders. It’s a remarkable chance to elevate your company’s presence among an influential audience in a luxurious environment, all while making a meaningful impact.
Take advantage of our table and ticket options to showcase your business and support these vital programs. Secure your participation today!
| | | |
|
|
At JW Marriott Hotel & Suites Saigon, Corner of Hai Ba Trung and Le Duan, D1
The 11th annual AmCham Breakfast with Santa will be held this year on December 8, from 9:00am to 12:30pm at the JW Marriott Hotel & Suites Saigon. The event is designed for families to celebrate Christmas together, and bring some Christmas joy into other’s lives.
We would love to invite you and/or your company to be a sponsor of this meaningful event.
Sponsorship and a portion of each adult ticket will help cover the participation of 30+ disadvantaged children from the Care to Rise Program. This initiative, co-led by the VinaCapital Foundation and the Ho Chi Minh Communist Youth Union, focuses on ensuring access to education, protection, encouragement, and long-term care for vulnerable children.
Our reservation list is currently full, so any new registrations will be placed on a waiting list. We will confirm with you later. Thank you for your understanding!
| | | |
|
|
At The Reverie Saigon, 22-36 Nguyen Hue Boulevard & 57-69F Dong Khoi Street, District 1
Apparel and footwear factory executives, directors, managers and their leadership teams come together in Vietnam to engage with the American Apparel & Footwear Association (AAFA) for presentations discussing compliance. The opportunity for factories and their U.S. partners to convene promotes relationship building, a deeper understanding of U.S. requirements, and brand expectations for factories. Compliance is a critical component for U.S. brands and a top priority of AAFA, this conference will breakdown different areas of compliance and talk about the challenges and how to smartly advance operations for compliance.
The event is sold out due to ballroom capacity. Please email events@aafaglobal.org to be added to the waitlist.
| | | |
|
|
At New World Saigon Hotel, 76 Le Lai, District 1
At our Annual General Meeting on December 12, AmCham leaders will update you on 2024 key developments and strategic results. The US Mission leader will highlight the partnership in 2024 between the U.S. Government and AmCham Vietnam-HCMC, and we will also announce the election results for the 2025-26 AmCham Vietnam-HCMC Board of Governors.
Immediately following will be a networking cocktail reception. This reception is free of charge for AmCham Vietnam Member Representatives and their spouses/partners. It will include free flow of wine, beer, soft drinks, hearty hors d’oeuvres, and a Lucky Draw (for physical attendees only), hosted by AmCham Vietnam-HCMC and our generous sponsors.
| | | |
|
|
At Sofitel Saigon Plaza, 17 Le Duan Boulevard, D1
We are excited to invite you to an exclusive presentation by Peter Goldstein, Founder & CEO of Exchange Listing, LLC, and Emmis Capital on the strategic opportunities available for Vietnamese and Southeast Asian companies to list on U.S. exchanges like NASDAQ and NYSE.
We look forward to sharing valuable insights on how your company can leverage these opportunities to drive growth and expand its global presence. Join us for this informative session and learn how Exchange Listing can be your partner in accessing the U.S. capital markets.
| | |
Upcoming Committee Meetings | |
|
Members are welcome to join, in-person or virtually:
| |
[Saigon Times] Vietnam extends VAT cut until June next year. The 15th National Assembly has approved a proposal to extend a two-percentage-point reduction in value-added tax (VAT) for another six months until the end of June 2025, according to a resolution passed during the eighth sitting on November 30. | |
[The Investor] Trump’s tariff policies pose 'minimal' risk to derail Vietnam’s growing economy. Vietnam was Asia’s biggest beneficiary of the first Trump administration. While Trump 2.0 will probably not be as beneficial to Vietnam as Trump 1.0 was, there is "minimal risk" that Trump’s tariff policies will derail Vietnam’s growing economy – in sharp contrast to claims made in some articles published since his election, writes Michael Kokalari, chief economist at VinaCapital. | |
[VnEconomy] Vietnam’s rising position in logistics arena. Fueled by rapid economic and trade growth, Vietnam has emerged as a significant player in the logistics arena, demonstrating an impressive upwards trajectory over recent years. The country entered the top 10 of Agility’s Emerging Markets Logistics Index in 2022, highlighting its robust supply chain development and readiness for global manufacturing shifts. The 2023 World Bank Logistics Performance Index (LPI) ranked it fourth in ASEAN, tied with the Philippines and trailing only Singapore, Malaysia, and Thailand. Additionally, Vietnam leads ASEAN in licensed logistics providers recognized by the US Federal Maritime Commission. | |
The American Chamber of Commerce in Vietnam
Ho Chi Minh City & Danang
New World Hotel Suite 323
76 Le Lai Street, District 1
Ho Chi Minh City, Vietnam
Phone: +84 28 3824 3562
| | | | | |
