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AmCham HCMC & Danang Weekly Newsletter
September 6th, 2024
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Update from the Executive Director | |
I hope that you have settled back into your routine after celebrating the National Day earlier this week. Last week, I enjoyed meeting so many members at my first Connect & Cocktails event – a huge thank you to Hotel Equatorial HCMC for the lovely venue, and to all our lucky draw Prize Sponsors! We welcomed over 110 people from all different types of businesses, and what I loved is that the environment was friendly, fun, and casual. | |
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AmCham submitted comments from our Members on the Draft Law on Data to the Ministry of Public Security (MPS) and the Draft Law on Digital Technology Industry to the Ministry of Information and Communications (MIC). We also submitted comments on the Draft Law on Electricity to the Committee of Science, Technology and Environment of the National Assembly, Ministry of Industry and Trade, Ministry of Planning and Investment, Ministry of Justice, the Government Office, and the Ministry of Foreign Affairs. Thank you to all our Members for providing their feedback and for playing an active role in our advocacy efforts.
I invite you to participate in the Business Climate Survey, conducted by Cimigo on behalf of AmCham Vietnam – Ho Chi Minh City & Da Nang. Your valuable insights will help us better understand the current business climate in Vietnam, including its opportunities and challenges. The survey will take approximately 20 minutes to complete. Keep an eye on your inbox for the survey link!
I wanted to inform our Members that the U.S. Consulate General has invited our Members to attend their annual Marine Corps Birthday Ball on November 1, which celebrates the founding of the U.S. Marine Corps. The ticket includes entry into the ball with a cocktail hour, digital official photos, printed photobooth photos, a ceremony to honor the U.S. Marine Corps, dinner with an open bar, dancing, and a souvenir ball gift. Contact us for more details.
In terms of domestic news, Vietnam is planning to develop green and energy-saving steel products and increase the market share of domestically produced steel to gradually replace imported products; the strategy is expected to be approved in September.
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Yours sincerely,
Travis Mitchell
Executive Director
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We thank all members who recently shared their comments on draft legislation currently being discussed.
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For 2024 Pharmaceutical Business Dialogue Conference: comments and recommendations received from members are being reviewed by the Healthcare Committees leaders, before being submitted to the Drug Administration this week.
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Draft Law on Electricity: comments have been submitted to the Committee of Science, Technology and Environment of the National Assembly, Ministry of Industry and Trade, Ministry of Planning and Investment, Ministry of Justice, The Government Office, and Ministry of Foreign Affairs.
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Draft Law on Data: comments have been submitted to the Ministry of Public Security (MPS).
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Draft Law on Digital Technology Industry: comments have been submitted to the Ministry of Information and Communications (MIC).
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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.
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At New World Saigon Hotel, 76 Le Lai, D1
Amidst rising geopolitical tensions between two dominant nations, the USA and China, Vietnam has risen as a blooming lotus offering a haven for businesses seeking stability and growth. Vietnam, among other South-East Asian countries is poised as a terminal economy – a central draw for international investment with its robust economic development and favourable investment policies. As Sun Tzu wisely noted, “In the midst of chaos, there is also opportunity.” This seminar will delve into the opportunities and challenges of investing in Vietnam and the value chain and strategic advantages of relocating to Vietnam, positioning it as a pivotal hub for investors and companies looking to diversify and expand their global operations.
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At New World Saigon Hotel, 76 Le Lai, D1
Navigating tax audit in Vietnam presents significant challenges and demands a proactive approach from businesses and individuals. Understanding the complexities of tax regulations and preparing effectively can make a crucial difference in compliance outcomes.
To help businesses better understand this issue, AmCham in collaboration with RSM Vietnam, cordially invites you to attend a seminar titled Navigating Tax Audits in Vietnam: Challenges and Best Practices for 2024. Practical insights from RSM Vietnam’s representative, Mr. Le Khanh Lam, Partner and Head of Tax & Consulting Services, will provide valuable information about common challenges faced during tax audits, best practices for preparation, and practical tips to ensure compliance with Vietnamese tax laws.
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At AmCham Vietnam HCMC office / Online via Zoom
Join us for an exclusive AmCham 101 – New Member Orientation, designed to help you maximize the value of your AmCham membership and connect with fellow business leaders. Whether you’re a new member looking to dive in or an existing member seeking to refresh your understanding of our offerings, this orientation is the perfect platform to enhance your AmCham experience. Don’t miss this opportunity to unlock the full potential of your membership and forge valuable connections within the AmCham community. For any queries, please contact Ms. Sam Hoang, our Membership Manager.
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At Classroom 502, Level 5, Fulbright University Vietnam, 105 Ton Dat Tien, Tan Phu Ward, D7
The needs and demands on current and future employees is constantly increasing, with needs for new skills to enable businesses to be successful. But what are these skills and are employees being prepared today for tomorrow?
Whether you are a student, an employee, or an employer, it's crucial to be ready for the ongoing workforce transformation. This event will provide an opportunity to explore the challenges in preparing the future workforce to meet employer demands. We will delve into the findings of last year’s skill gap survey and discuss potential strategies and measures to ensure a well-prepared workforce in the future.
Fulbright will share the survey results along with a detailed analysis of the trends, and then we will have a working group session to further discuss, with an eye towards making recommendations that could include how to better leverage AmCham’s advocacy power to help properly prepare future employees.
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At GEM Center, 8 Nguyen Binh Khiem, D1
The VBF, in collaboration with the Ho Chi Minh City People's Committee, is excited to announce our upcoming Policy Dialogue in HCMC, scheduled on 18 September 2024 (Wednesday morning). Themed "DRIVING SUSTAINABLE GROWTH: OPTIMIZING ECONOMIC ECOSYSTEMS, TECHNOLOGY AND ENERGY", this highly anticipated event will bring together leaders from the local government authorities across the Mekong Delta and Southeast Region, alongside members of the enterprise community. The registration shall be closed by Monday, 9th September 2024.
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At Caravelle Hotel Saigon, 19-23 Lam Son Square, D1
Come learn how the US Consulate General is working to advance relations between the US and Vietnam, as well as to serve American citizens here in the country. Additionally, the Consulate General team will provide critical information about how Americans overseas can vote in the upcoming election in November 2024.
The evening will feature welcoming remarks from our Chairperson, RamC, followed by a briefing from Consul General Susan Burns. This event will also serve as a special occasion to introduce our newly appointed Executive Director, Travis Mitchell, along with our recently joined members.
After the briefing, attendees will have the chance to network and engage in one-on-one conversations with the Consulate General team, AmCham Governors, and fellow members.
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November 1, 6:00 pm - 11:30 pm
[Supported Event] 249th Marine Corps Birthday Ball
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At JW Marriott Hotel & Suites, Corner of Hai Ba Trung and Le Duan, D1
This is an invite-only event that the U.S. Consulate General in Ho Chi Minh City opens to AmCham members. The United States Marine Corps Birthday Ball is an annual formal event that celebrates the founding of the U.S. Marine Corps. The U.S. Consulate General in HCMC has a Marine Security Guard Detachment that not only protects us, but they are also active in the local community and do community service. The ball celebrates them and their contributions to our community. The ticket includes entry into the ball with a cocktail hour, digital official photos, printed photobooth photos, a ceremony to honor the U.S. Marine Corps, dinner with an open bar, dancing, and a souvenir ball gift. Please contact Ha Long Le at LELH1@state.gov for purchasing tickets.
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Upcoming Committee Meetings | |
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Members are welcome to join, in-person or virtually:
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Latest offers for our members! | |
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30% off
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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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[Vietnam Investment Review] The tasks to tackle in global e-commerce. In recent years, e-commerce generally and particularly in Vietnam has developed at a very fast pace and become an irreversible trend. According to reliable analysis, the global e-commerce market could reach $7.4 trillion of revenue in 2025, of which online sales account for 24.5 per cent of the total sales revenue of the entire retail industry. | |
[Vietnam Briefing] Vietnam Manufacturing Tracker: 2024-25. The manufacturing sector is the cornerstone of Vietnam’s economic growth and resilience. The government has undertaken several initiatives to leverage the country’s inherent strengths, resulting in tangible outcomes supported by compelling data. The 2024-25 Vietnam Manufacturing Tracker by Vietnam Briefing offers the latest data, insights, and policy updates to keep foreign investors and analysts informed about the industry. | |
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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