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AmCham Weekly Newsletter
September 12th, 2023
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At New World Hotel Saigon, 76 Le Lai Street, Dist. 1, HCMC
The U.S. Consumer Product Safety Commission will conduct FREE product safety training for buyers and sourcing professionals purchasing textiles/ apparel/ upholstered furniture in Vietnam. The training event will take place from 9:00am to 5:00pm on September 13, 2023 in Ho Chi Minh City.
Target groups for this training are resident-in-Vietnam buyers and sourcing professionals who purchase consumer products for major importers located in the United States. Many will be direct employees of U.S. companies. Other potential attendees will be from specialized firms that handle purchasing for large global retailers, as well as from small and medium sized trading companies active in the consumer product export business. English-Vietnamese interpretation will be provided.
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At Heineken Vung Tau Brewery Factory, Bà Rịa - Vũng Tàu
AmCham Vietnam ESG Committee is pleased to organize its first ESG field trip to Heineken Vung Tau Brewery Factory as part of our effort to showcase best practices in sustainability among our member companies. The site visit will include both a tour of the facility in Vung Tau and a presentation on Heineken’s ESG strategy and its roadmap to net zero . The attendees will have opportunities to ask questions about Heineken’s ESG strategies and plans such as energy, waste reduction, decarbonization, labor practices, and governance.
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At AmCham Office, Room 323, New World Hotel Saigon, 76 Le Lai Street, Dist. 1, HCMC
At this new member event, you will learn more from our Executive Director, James Ollen, about AmCham Vietnam benefits, our mission, and programs to help new members – or existing members who want to learn more – how to get involved and make the most of their AmCham membership.
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September 27 - 9:00am-10:30am
Managing Tax & Customs Audits
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At Deloitte Coffee Lounge, 17th Floor, Times Square, 57-69F Dong Khoi Street, District 1
In the last 18 months the number Audits performed by the Tax & Customs authorities have been limited to those cases where the authorities have specific concerns on the Tax and/or Customs compliance of a company. However, we are now seeing an increase in notifications of audits to be performed in FY 2023. Where those audits have taken place we have observed a more aggressive approach from the audit teams, including shortened timelines for providing requested data/information and lessen flexibility for interpretating business transactions.
In this Seminar we will share our recent experiences and suggest strategies that companies can consider to manage audits and protect their compliance position.
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At Steersman Brewery, 18 Phan Ke Binh Street, District 1
Don’t miss our next AmCham informal networking event – Connect & Cocktails.
Our AmCham Connect & Cocktails 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.
Please plan to join for a great night of networking and our essential Lucky Draw!!
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Upcoming Committee Meetings | |
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AmCham members are welcome to join, in-person or virtual.
Legal & VBF Liaison Committee Meeting, Wednesday, September 13, 5:00PM
Environment, Social and Governance (ESG) Committee Meeting, Thursday, September 14, 4:00PM
Manufacturing Committee Meeting, Friday, September 15,10:00AM
Capital Markets and Financial Services Committee (CMFSC) Meeting, Monday, September 18, 4:00PM
Digital Economy & Technology Committee Meeting, Tuesday, September 19, 9:00AM
Healthcare Committee Meeting, Wednesday, September 20, 4:15PM
HR Committee Meeting, Thursday, September 21, 9:00AM
Tax & Customs Committee Meeting, Thursday, September 21, 5:00PM
Logistics & Supply Chain Committee Meeting, Wednesday, September 27, 9:00AM
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Recent Activities and Events | | |
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AmCham Members Recognized in Historic Visit by U.S. President Joe Biden to Vietnam
During U.S. President Joe Biden's recent visit to Vietnam, the relationship between Vietnam and the U.S. was elevated to a Comprehensive Strategic Partnership.
The White House highlighted the role of the U.S. business community as part of the partnership in a Fact Sheet that can be found in this LINK.
AmCham members recognized by the Biden administration for their roles in promoting U.S.-Vietnam trade and investment included 3M, Boeing, Fulbright University, Honeywell, Marvell, Meta, Microsoft and SSA Marine.
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Vietnam Airlines Selects 50 Boeing 737 MAX Airplanes to Grow its Fleet
This week, AmCham member Boeing and Vietnam Airlines announced that the carrier has selected the 737 MAX family to expand its single-aisle fleet, with a commitment to order 50 737-8 airplanes.
U.S. and Vietnam officials said the commitment will bolster jobs in both countries and strengthen the bilateral economic partnership. Building on Boeing's long history of collaboration with Vietnam's civil aviation industry, the carrier's 737 MAX fleet will support the country's goal of becoming a leading aviation hub.
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Tax & Customs Committee Discusses the Global Minimum Corporate Tax
Tax experts from RSM, Deloitte and Baker McKenzie led an insightful discussion this week on the implications of the OECD's Global Minimum Tax (GMT) for corporations in Vietnam in a seminar sponsored by RSM at the Reverie Hotel.
Lam Le, Senior Partner - Head of Tax and Consulting Services from RSM Vietnam opened the discussion with an overview of the history and prospects for the future of the GMT in Vietnam. Lam was joined by Vo Hiep Van An, Partner, Tax Advisory Services at Deloitte Vietnam and Thanh Vinh Nguyen, Partner at Baker McKenzie, in an educational event that helped to clarify the milestones ahead for this innovative reform that will be adopted in Vietnam next year.
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VSIP Invests in the Mekong Delta
AmCham member VSIP sent a clear signal of confidence in the Vietnamese economy last week when they held a ground-breaking ceremony for the VSIP Can Tho project in Vinh Thanh district. Chairman of the People's Committee of Can Tho Mr.Tran Viet Truong and Deputy Minister of Planning and Investment Madam Nguyen Thi Bich Ngoc attended the ceremony.
VSIP signed a Memorandum of Understanding with 12 investors for land lease and business cooperation at the event. VSIP Can Tho will cover an area of 900 ha and is expected to generate jobs for 100,000 workers and attract USD 3.5 billion in investment on completion.
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AmCham Calls for Nominations to the National Board
The American Chamber of Commerce in Vietnam ("AmCham") is seeking a diverse and inclusive National Board of Governors for the term from 2023 to 2025 that will provide, on behalf of our membership, strategic guidance, oversight, and resources to the Chamber and its Chapters. The National Board will guide AmCham’s professional staff and its volunteer committee leaders in our mission to promote trade and investment between Vietnam and the United States, and to serve as the voice of American business in Vietnam.
All AmCham voting members are invited to nominate fellow voting members in good standing who can help us to be the most influential, strategic, and dynamic business association in Vietnam. AmCham welcomes American, Vietnamese, and international companies that share our interest in enabling a fair, transparent, predictable, and efficient regulatory environment that values innovation. We are committed to diversity, equity, and inclusion (DEI), as well as environmental, social and governance (ESG) values.
If you are a voting member and are interested or know someone who might be a good candidate, please see more information at LINK. Due date for nominations is Friday, September 15.
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Welcome New AmCham Members | |
We would like to extend our warmest welcome to our newest members. Thank you for your support! | |
Welcome New AmCham Discount Partners | |
We are thrilled to extend a warm welcome to our new partners who have joined the AmCham Discount Program. With their participation, our members can enjoy exclusive discounts and special privileges when using their AmCham Membership Card on our Membership Discount Program. AmCham welcomes requests from all interested companies that would like to be apart of the program, and want to offer valuable discounts or savings on their products or services to about 2,000 individual business representatives of over 550 corporate members. You can fill out this Form to join us or contact amcham.membership@amchamvietnam.com for further information. | |
Special Thanks to AmCham Premium Members | |
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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