AmCham Vietnam Weekly Update
- 37th Week of 2020 - September 13, 2020
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Executive Director Update
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Colleagues,
Recent and Upcoming Events
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Last week, I traveled to Hanoi with AmCham Vietnam- HCMC & Da Nang Chairman Chad Ovel, who was in Hanoi for business with his day job at Mekong Capital. We had productive meetings with VCCI President Dr. Loc and his team, Ambassador Kritenbrink, Commercial Minister Counselor Eric Hsu and Economic Minister Counselor Robert Gabor (latter just me), and USABC Vu Tu Thanh and Thuy Bui to discuss ways we can partner, including for the October 28-29 Indo-Pacific Business Forum in Hanoi (registration for virtual participation at https://webster.eventsair.com/2020-indo-pacific-business-forum/registrationform/Site/Register) . We also met with AmCham Hanoi Executive Director Adam Sitkoff to plan for upcoming events, including the October 15 Vietnam Business Forum and a National Board meeting. Unfortunately, AmCham Hanoi and 2020 AmCham Vietnam National Chair Ginny Foote (back in Vietnam, but in quarantine) was unable to join us, though her quarantine room at the Metropole was very close to where we met!
Many of us “refined our professional image” thanks to our speakers, style coach Bui Viet Ha and investor Linh Thai. Viet Ha guided us how to select clothing based on different body shapes and how to personalize with our own style. Linh shared her experience on do’s and don'ts for conservative workplaces and dressing “for your body type and your calendar”. We welcomed our male participants, too, and heard interest in a future joint male-female professional image event as well. Keep following AmCham Vietnam - and look for our upcoming Women In Leadership events!
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This week we have an exciting event – “Innovation in Healthcare”, featuring several Vietnam-based healthcare startups, including TVM Capital Healthcare Founding Partner Hoda Abou-Jamra, Docosan Co-founder and CEO Beth Ann Lopez, ThuocSi Co-founder and CEO Peter Nguyen, and Earable Founder & CEO Tam Vu, hosted by AmCham Healthcare Committee Co-chair and Pharmacity Co-founder and CEO Chris Blank. This is our first collaboration between an AmCham committee and our Entrepreneurship and Innovation Initiative, headed by Eddie Thai and Jonah Levey, and will take place at the Reverie Hotel Tuesday, September 15 from 4:30-7:30PM, including a networking cocktail. Online participation also an option Register now!
Two committees will meet this week. Digital Economy and Technology will meet on Tuesday morning at 9AM, focused on next steps after our August 25th HCMC-U.S. Business Summit – Driving Innovation and Partnership for the Future, featuring many tech leaders from Vietnam and around the world. Our Manufacturing Committee will meet on Thursday morning at 9AM, featuring Master Black Belt Daryl Lee on how Lean Six Sigma can help in moving towards organizational resilience to enable recovery for the next normal, and plans for our October 21 Suppliers Day.
The outcome of the November 3 U.S. Presidential Elections will impact you, whether you are a U.S. citizen or not, wherever you live. Join us the virtual Election 2020 Preview: A Bipartisan Perspective on September 21 from 7:00pm to learn from Nelson Cunningham, McLarty Associates President & Co-founder and longtime Biden insider, as well as Ambassador Richard Burt, McLarty Managing Partner and well-known Republican foreign affairs strategist, as they break down the U.S political process and road to elections and beyond, including key policy differences, and what the outcome is likely to mean for U.S. foreign policy in the region — and your businesses.
At our September 23 Connect & Cocktails, we will be featuring several AmCham Member Discount Partners at the Equatorial Hotel in HCMC. The U.S. Consulate American Citizens Services staff will also be there to help you register to vote and receive your ballots for the November Presidential elections. Please join, meet new friends and colleagues, and support your local businesses!
Our Healthcare Committee is also extremely active this month, planning for release of its White Book at a likely September 30 HCMC-AmCham Healthcare Dialogue with HCMC and U.S. Mission leaders.
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Face masks with the 25th Anniversary logo: In response to popular demand, we are also selling commemorative face masks specially produced by Ms. Giau Le from Tan Hung with the 25-year anniversary logo of diplomatic relations between the United States and Vietnam. A pack of three mixed-color masks is VND 150,000. Please place your order by email to amcham.finance@amchamvietnam.com. We will arrange delivery.
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Message from AmCham Vietnam-Da Nang Vice Chair Chris Vanloon: Message from AmCham Vietnam-Da Nang Vice Chair Chris Vanloon: "Greetings from Da Nang. Am happy to report that the beaches are open again. And restaurants are open again as well. So, slowly but surely our lives are returning to normal. Thanks to everyone involved to make this happen. From the government for their extensive testing, checking and follow through, to all our friends and families, colleges and associates that followed the guidelines and made this step happen. Let’s keep it up and open 100% as soon as possible! Stay healthy. Stay strong."
Appeal to Fight COVID-19 in Current Epicenter in Da Nang: At the request of the Da Nang Fatherland Front and Department of Health, AmCham launched a second appeal for contributions towards medical device equipment to be used by the Da Nang Department of Health. We were able to deliver our first donation of five Patient Monitors and additional PPE, thanks to generous donations from Coca-Cola Vietnam and the support from NQ Medical.
Although the current outbreak is winding down, Da Nang still needs Patient Monitors, Infusion Pumps, and Ventilators. We hope you will be able to contribute to this important cause, whether or not your company has operations in Da Nang since it could affect us all. As with prior donations, our team will carry out extensive due diligence for the planned purchase and donation of the requested medical equipment, to ensure we purchase the best available equipment at the lowest price, with a preference for a U.S. brand. Please feel free to contact me or Office Manager Cindy Tran for additional information.
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Register to Vote and Make Your Vote Count: In cooperation with the U.S. Consulate General American Citizen Services team, we held a virtual meeting on August 27 to provide guidance on how to register to vote from overseas. Many questions related to the Federal Post Card Application (FPCA) were answered. Anyone who missed this event can get full information about the Federal Voting Assistance Program at http://www.FVAP.gov or contact the Consulate’s voting officer at votevietnam@state.gov. This August 13 article by Axios also provides information on “When and How to Vote in all 50 States”.
If you are a U.S. citizen, please also register for the State Department's Smart Traveler Enrollment Program to receive updates from the U.S. Consulate on important information. https://step.state.gov
Election Watch and possibly Debate Watch: AmCham is planning a non-partisan Election Watch party on the morning of Wednesday, November 4 to watch live the results of the November 3 U.S. Presidential elections. Stay tuned for more details. We may also arrange non-partisan Debate Watch parties either live or the evening after the Sept 30, Oct 16 and 23 Presidential and Oct 7 VP debates take place in the United States. Let us know if you are interested! (https://www.bbc.com/news/election-us-2020-54003441).
Be well, and stay safe. We welcome your feedback at team@amchamvietnam.com to let us know how we can serve you better.
Mary Tarnowka, Executive Director
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Stay Informed- Coronavirus Disease 2019 (COVID-19) Outbreak
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AmCham Vietnam wants to provide a safe environment for events and business networking. We recognized that there was always a risk of a second outbreak, and we definitely experienced one. We also know that we all have different comfort levels with respect to the changing situation.
Some additional tips below from Dr. Mason Cobb, Vice-Chair, and Dr. Andy Meadows, of AmCham Healthcare Committee. Vietnam seems to have turned the corner and has won another battle in the fight against COVID-19. There have been no new community-based cases in over a week, a milestone cited by Prime Minister Nguyen Xuan Phuc. Da Nang, the epicenter of the outbreak, is opening up from lockdown and now receiving visitors and airline travelers again. The bars and clubs are open in HCMC and there are near-normal traffic levels and noticeably less mask wearing. For the first time in nearly 6 months, the country will allow some travelers in limited numbers from designated countries and defined reasons.
Last week was a sad reminder of the 9/11 attacks in USA in New York and the Pentagon in 2001. As massive and tragic as it was and how its impact lingers for us, we lose the equivalent number of lives every few days to COVID-19.
World-wide and in Vietnam, the risk of recurrence of this pandemic stubbornly continues. A safe and effective vaccine is still needed to light a path out of the pandemic. Months of illness, fatalities, economic pain, and lockdowns have led to frantic levels of hope, optimism, and rhetoric surrounding vaccine development. A more cautious and realistic reckoning of the journey ahead suggests that progress is steady, but not likely to produce a miracle.
Just last week, one of the most prominent Phase 3 vaccine trials was paused after one participant developed a severe neurologic syndrome, often seen with viral illnesses (or possibly their vaccines, since the vaccine, itself, is a weakened or dead virus). This incident is being fully investigated to determine if the experimental vaccine is the culprit. As the WHO has said, this shows that safety protocols are in place, effective, and being followed despite enormous external forces to market a vaccine at any cost. Regardless of how this particular case plays out, it is a healthy dose of reality for everyone that the path to a safe and effective vaccine may not be smooth nor as fast as we hope.
Beyond this setback, there are other more basic logistical considerations that will likely limit any vaccine miracle. First, vaccine nationalism is a furious game, with anticipation that vaccine-developing nations and other richer nations fulfiling their own needs first. This could limit COVID-19 disease victories in other countries.
Second, early vaccines are likely to be only partially effective and may only provide immunity for a limited time. The Russian vaccine may fall into that category, although trials are still in very early stages. Additionally, some segments of the population will avoid taking the vaccine or do not have the resources. These practical limitations reduce the overall immunity rate even further from the required “herd immunity” threshold of 60-70% of a population.
While the race for a vaccine continues a long path, more is being learned about treatments. Newer information on treatments include expanded steroid choices and definitive use in severe cases. Blood thinners are becoming standard in severe cases, as there are often clotting abnormalities. Human trials have begun with Ivermectin, an antiparasitic that is safe, cheap, and has strong anti-SARS-CoV-2 activity in the lab. Remdesivir is recommended earlier in the course of the disease. As more data is gathered, masks can be considered a “pre-vaccine”; they definitely cut the risk of catching the disease and it is much milder if contracted.
While early vaccines may not be magic bullets to return life to normal, steady progress can and will be made over time. Along with established procedures like mask wearing, hand hygiene, some social distancing, and truthful and consistent public health messaging, the world can avoid a costly repeat of early 2020.
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4:30-7:30 pm, The Reverie Saigon, 22-36 Nguyen Hue Boulevard & 57-69F Dong Khoi Street, District 1
Event Level Rating: II
The healthcare industry has seen substantial shifts in the last several years. Developments such as telemedicine, wearable devices & mobile apps, big-data-driven diagnostics, and others have improved health outcomes. A global trend from hospital-centric models towards patient-centric models seems to be happening, and Covid-19 may accelerate that trend as patients become more inclined to avoid hospital stays whenever possible. Yet in Vietnam and broader Southeast Asia, this transition is still in its infancy. AmCham’s Innovation in Healthcare event, a joint initiative of AmCham’s Entrepreneurship and Innovation Initiative and the Healthcare Committee, aims to stimulate discussion on the regional trends, opportunities, and challenges and share stories from exciting Vietnam-based healthcare startups.
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7:00-8:00 pm. Please register to receive the Zoom link.
Event Level Rating: IV
The 2020 Presidential Election campaign season in the United States is well underway, with elections on Tuesday, November 3rd. Upcoming Presidential debates are scheduled to take place on September 29, October 15, and 22nd, and Vice-Presidential debates on October 7th. The outcome of the elections, whether a President Donald Trump and Vice-President Mike Pence, or a President Joe Biden and Vice-President Kamala Harris, will not just affect citizens of the United States, but also the world, including those of us here in Vietnam.
Learn what this means for you and your company. Join Nelson Cunningham, McLarty Associates President & Co-founder and longtime Biden insider, as well as Ambassador Rick Burt, McLarty Managing Partner and well-known Republican foreign affairs strategist, as they break down the U.S political process and road to elections and beyond, including key policy differences, and what the outcome is likely to mean for U.S. foreign policy in the region — and your businesses.
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Wednesday, September 23
6:00-8:30 pm, Hotel Equatorial, 242 Tran Binh Trong St., District 5
Event Level Rating: II
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AmCham will continue our monthly informal networking event – AmCham Connect and 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!!
Note this month’s Connect & Cocktails will feature an opportunity to support local business with several of our Discount Partners, and an opportunity for American citizens to register to vote, with support from the U.S. Consulate American Citizen Services Team.
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8:30-10:30 am, New World Saigon Hotel, 76 Le Lai Street, District 1
Event Level Rating: II
1. People Analytics Introduction
People Analytics and the values that it would bring to organizations.
2. Why Strategy for People Analytics
Challenges for HR Practitioners in applying People Analytics to support business strategy execution and organizational effectiveness, and the need to develop a strategy for People Analytics.
3. The Approach to People Analytics deployment
What is Strategic Approach to People Analytics and what are the essential aspects that we need to focus on?
4. Demonstration of People Analytics capabilities
Capabilities of People Analytics with illustrations on a technology solution.
5. Discussion: Data-driven decision making approach leveraging People Analytics
6. Questions and Answers
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4:00-5:00 pm, New World Hotel Saigon, 76 Le Lai Street, District 1
Event Level Rating: II
We would like to invite you to join AmCham 101 – New Member Orientation.
At this new members event, you will learn more from our Executive Director, Mary Tarnowka, about AmCham Vietnam benefits, our mission, and programs to help new members achieve success, and how to get involved in and maximize your investment in AmCham membership. It is also a way to meet other new AmCham Vietnam HCMC members. While this event is designed for new members, we welcome other members on a space available basis. If you can not join this meeting physically, you can still register to join virtually via Zoom.
Who should join?
- New members
- Existing members
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6:00-8:30 pm, New World Hotel Saigon, 76 Le Lai Street, District 1
Event Level Rating: II
AmCham invites you to the AmCham Members Night event including the U.S. Consulate General staff on Thursday, October 8, 2020. Please plan to join the networking cocktail reception at 6:00pm. This will be our special opportunity to introduce you our recently joined members. After introducing of Consulate General team and new members, a cocktail reception will offer networking opportunities for one-on-one conversations with the Consulate General Team, AmCham Governors, and fellow members.
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from 11:30am-12:45pm Vietnam Time
Join a virtual event of AmCham Hong Kong on Tuesday, September 15, from 1130-1245 Vietnam time, to hear of the growing interest in Vietnam as a destination for supply chain diversification, with our own Milton Hagler, Board Liaison to the Manufacturing Committee and General Director of Fluid Power & Controls, as a panelist.
The second event in the AmCham Hong Kong's Future of Supply Chain Series will explore the ongoing process of supply chain diversification in Asia. We will hear from a panel of senior practitioners with deep experience in managing the changes that are affecting their industries at the firm, industry and national levels.
This episode will feature a special focus on Vietnam and India as emerging locations for manufacturing looking at the diverse opportunities as well as the challenges in talent, logistics and regulations.
Register https://amchamhk.glueup.com/event/supply-chain-diversification-in-asia-a-practitioners-perspective-26646/
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Enterprises in Vietnam are facing numerous difficulties that are directly attributable to Covid-19. Many enterprises have temporarily suspended their business for a specific term; others have not formally announced suspension of business but, in practice, have halted or reduced production and business activities and reached mutual agreements with their employees to cease or temporarily leave work with or without salary. However, what if an enterprise has no money to fund salary payments and no mutual agreement with the employee? What is the solution?
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Green Shoots International School has been educating children in Hoi An for almost a decade. We are a member of the Council of International Schools, Council of British International Schools, Cambridge Exams, and the IPC curriculum. Our graduates have progressed, often with scholarships, to IB schools around the world.
At this time of financial uncertainty and health worries, is it time to move to the fresh air and lower cost of living in Central Vietnam? Come and join our community by the beach.
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It’s time to incorporate the right technology solutions in multi-aspects for your small & medium enterprise (SME) growth through Microsoft SME Day virtual event.
Let’s join and hear from Microsoft’s experts and partners sharing thought leadership and how Microsoft’s technologies such as Microsoft 365, Dynamics 365, and Azure enable businesses to #LevelUp in 3 areas including Productivity, Processes and Scalability, even in difficulty times.
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Mövenpick Resort Waverly Phu Quoc has been nominated among other prestigious hotels for the 2020 World Luxury Hotel Awards in three categories:
- Luxury Family Resort
- Luxury Beach Resort
- Luxury Private Pool Villa
Mövenpick is always recognized as a family-friendly brand and being popular for our culinary & guest experiences. We are working hard to make moments at Mövenpick Resort Waverly Phu Quoc every day. The wonderful recognition of our efforts in providing our guests a special holiday experience is the “family” award: Luxury Family Resort.
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Committee Meetings & Activities (For AmCham Members Only)
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9:00-10:00 am, AmCham Office, Room 323, New World Hotel, 76 Le Lai, District 1
Event Level Rating: III
Agenda:
- Highlights and potential follow-on from August 25 HCMC-US Business Summit – Driving Partnership and Innovation for the Future, including September 15 Healthcare Innovation event, and lead-up to October 28-29 Indo-Pacific Business Forum in Hanoi
- Legal update: draft amendment to Decree 181 re cross-border online advertising by Chung Seck and issues for October 15 Vietnam Business Forum
- Discussion of other issues of concern, possible upcoming speakers
- Event updates, Mary Tarnowka, AmCham Vietnam HCMC / DN Executive Director
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9:00-10:00 am, AmCham Office, Room 323, New World Hotel, 76 Le Lai, District 1
Event Level Rating: III
- As we embark into our next normal together, we know organizations are striving to survive as they adapt to a new era with continued volatility, uncertainty, complexity and ambiguity (VUCA). So what can we do next? This is the question everyone is asking because the future is no longer likely to be exactly what we imagined it would be. There is a need to find a balance between what worked well before and what needs to be done in the future to secure resilience in the next normal. Moving forward, the ability of an organization to anticipate, prepare for, respond and adapt to incremental change and sudden disruptions in order to survive and prosper is the key to sustainable resilience.Spend an hour with our Master Black Belts, Daryl Lee on how Lean Six Sigma can help in moving towards organizational resilience to enable recovery for the next normal.
- Event updates, Mary Tarnowka, AmCham Vietnam HCMC / DN Executive Director
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9:00-10:15 am, AmCham Office, Room 323, New World Hotel, 76 Le Lai, District 1
Event Level Rating: III
Agenda:
- Welcome remarks – Committee leadership
- Logistics talent recruitment & retention – Radu Palamariu, Alcott Global
- Market update – Committee leadership & all
- Logistics survey – Committee leadership
- Others
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AmCham Premium Membership
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The AmCham Premium Membership 2020 is a leadership-level membership for companies contributing strategic support for AmCham's mission and programs. Our Premium Membership comes with a range of exclusive benefits. One all-inclusive Premium Membership's annual billing simplifies your businesses' sponsorship efforts.
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We love our AmCham members! Do you know all the benefits you get with your membership? Maybe you only remember the ones you've used recently, but there are many ways even our basic level members benefit at AmCham.
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The American Chamber of Commerce in Vietnam
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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