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AmCham HCMC & Danang Weekly Newsletter
June 26, 2024
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While election campaigns continue in large countries such as the US, UK and France, and results in other countries have so far thrown up surprises, the global economy seems quite resilient boding well for export-oriented countries like Vietnam. Domestically, Gross Domestic Product data for the second quarter and first half of the year is expected to be released at the end of this week.
Vietnam remains on the U.S. Treasury Department’s “monitoring list” in its June 2024 report to Congress. The monitoring list is a list of major trading partners with the U.S., whose currency practices and macroeconomic policies merit attention. Seven economies, namely China, Japan, Taiwan, Malaysia, Singapore, Vietnam, and Germany are in the latest monitoring list.
Though Vietnam continues to have the third-largest goods surplus with the U.S., there isn’t persistent one-sided intervention in the FX market according to the Treasury.
The Finance and Budget Committee of Vietnam's National Assembly has proposed implementing value-added tax (VAT) on all imported goods delivered via e-commerce platforms. The committee is evaluating the draft Law on VAT, and pointed out that many countries have removed VAT waivers on low-value goods to increase budget revenue and create a fair competition environment for both domestically produced and imported products.
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Last Wednesday, our Women in Leadership Committee hosted a skills development workshop centered on Enhancing Communication Skills, the first event of its Learning+ series. Committee Co-Chairs Linh Thai and Julie Huynh (Skills Bridge), along with other experienced women in business and leadership, shared practical and successful strategies for communication in an interactive session. | |
On Thursday, in partnership with Bronze member Deloitte, our Tax & Customs Committee hosted a seminar on recently enacted Base Erosion and Profit Shifting (BEPS) 2.0 regulations impacting transfer pricing rules in Vietnam: BEPS 2.0: The 2 Pillars and Thoughts from a Transfer Pricing Perspective. Presenters included Partners for the Tax & Business Advisory Services and Tax & Transfer Pricing practices at Deloitte Vietnam. | |
On 29 June 2024 (this coming weekend) we will be hosting AmCham’s 29th Annual Independence Day Celebration & Community Picnic, one of our largest events of the year. Sponsors and our AmCham team have been busy putting together a great event for everyone this year. Don’t forget to get your tickets for this family-friendly celebration! More details below. | |
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We thank all members who have recently shared their comments on draft legislation currently being discussed.
Members are encouraged to bring forward any advocacy needs or related questions the relevant Committees, or by email to advocacyaction@amchamvietnam.com.
Members are also encouraged to provide information on administrative delays and challenges to Communications@amchamvietnam.com
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At Cocotte in Sila Urban Living, 21 Ngo Thoi Nhiem Street, District 3
Don’t miss June's Connect & Cocktails! AmCham’s monthly networking event provides an opportunity to meet AmCham members and other professionals in an informal after-work setting over a glass of wine, beer, or a cocktail.
Join for a great night of networking and a chance to win in our Lucky Draw!
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At Riverside Apartments, 53 Vo Truong Toan Street, Thao Dien, District 2
Join our American business community in HCMC at AmCham’s 29th Independence Day Celebration & Community Picnic!
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Children’s activities including Face Painting, Sandbag Toss, Bucket Ball, and many more games, Career Simulation activities, and a Bouncy Castle from 11:30am to 3:30pm!
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Wide-ranging selection of All-You-Can-Eat American and international food options including favorites such as BBQ ribs, hot dogs, and hamburgers from 12pm to 3:30pm
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Free-flow of assorted refreshments, beer and wine from 11:30am to 5pm
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Over 160 prizes to win, including a round-trip airfares and vouchers to the U.S., luxury resort stays, restaurant vouchers and many more, at our multiple raffles!
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Presentation of colors by the U.S. Marine Corps Color Guard and U.S. national anthem
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Live performances by No Jive Jazz Band and Zunkbomb (rock, pop, blues, folk)
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At Saitex Fabrics Vietnam, D3 Road, Subdivision 6C, Nhon Trach 6 Industrial Park, Long Tho Commune, Nhon Trach District, Dong Nai
AmCham Vietnam HCMC & Danang ESG Committee is pleased to organize an ESG-themed field trip to Saitex Fabrics in Dong Nai as part of our effort to showcase best practices and innovations in sustainable and responsible business in Vietnam. The site visit will include both a tour of the recently opened state-of-the-art fabric mill facility in Nhon Trach, and a presentation on Saitex’s Circular Manufacturing System.
Join us for an exclusive opportunity to learn from Saitex circular approach, and how it engages its stakeholders on its environmental and social goals - including its target to be carbon neutral by 2025.
Spot are limited to 20-25 attendees. Please register by COB, July 1, 2024. AmCham will organize transportation, refreshments, and lunch for confirmed participants.
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Hybrid Event: HCMC & Zoom
AVPN is honored to host the “Climate Change and Public Health: Addressing Dengue and NTDs” hybrid event in collaboration with AmCham Vietnam HCMC & Danang and other partners.
This hybrid event is designed to convene key stakeholders with the following objectives:
- Sharing from experts on the danger of NTDs and dengue fever and how climate change makes dengue more rampant;
- Learn from examples of solutions to address dengue;
- Identify peers and potential partners for future collaboration opportunities in dengue mitigation and prevention;
Language: English & Vietnamese
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Upcoming Committee Meetings | |
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Members are welcome to join, in-person or virtually:
Presentation: Carbon Neutralization in Supply Chain in Vietnam, by Mr. Pham Hoai Trung (Netzero 2050 Mobilization Committee); World Bank CPPI Index Update 2003 by Mr. Ky Nguyen (Cai Mep International Terminal)
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Paradox, new Gold Member for June
Paradox is a US - headquartered recruiting platform, which leverages conversational AI to make the hiring process simpler for job seekers and recruiting teams. Paradox operates locally in Da Nang and Ho Chi Minh City - based offices with a few hundred employees, primarily focused on software development. Since its founding in 2016, the company has earned the trust of the world's largest employers and won numerous awards, including Human Resource Executive's Best HR Product of 2019, 2021, and 2022, and consecutive honors in 2020, 2021, and 2022 as one of Forbes Top Startup Employers. The company has twice been ranked as one of the fastest growing companies in HR Tech by the Deloitte Fast 500, and has made the Inc. 5000 list the last three consecutive years.
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Eddie's LLC, new Bronze Member for June
Eddie’s New York Deli & Diner is a restaurant group in Saigon serving up Friendly Service and 1950s Diner Vibes, along with Authentically American Cuisine including Burgers & Steaks, All Day Breakfast, World Famous Reuben’s, Milkshakes, Desserts, and much more.
Founded in 2018, Eddie’s has 3 locations, each seating 100 guests in D1, D2, & D7. They also offer citywide delivery, private party space, and truly American catering services.
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We would also like to extend our warmest welcome to our newest members for June: | |
Thank you for your support! | |
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Simply present your AmCham membership card to enjoy these and many other benefits.
Give your business the exposure and reach you are looking for by joining our Partner Discount Program. We welcome requests from all interested businesses looking to promote to over 2,000 representatives of over 500 corporate members.
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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
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