March has been another successful month at the Council.
We just completed our Vietnam Business Mission with 30 member companies in attendance. The mission spanned three full days and included a full hour meeting with the Prime Minister Phuc where each member company on the mission was able to address their issues directly to the Prime Minister. Vietnam remains committed to expanding the overall relationship with the United States especially around trade, investment and the economy.
Our Vietnam mission was followed up by another event in the Council’s stellar SME training program, the US-ASEAN Business Alliance for Competitive SMEs, held this time in Yangon, Myanmar with a focus on Digital Tools for SMEs in the Agriculture and Tourism sectors.
HÀ NỘI — The equitisation of State-owned enterprises has been an attractive target for foreign investors, however, there are still challenges that discourage them from participating in those deals.
According to a decision issued by the Prime Minister in late 2016 to classify State-owned enterprises (SOEs) and State-invested enterprises and provide a list of SOEs to be equitised in 2016-20, the State will divest from 137 SOEs, such as Việt Nam Rubber Group and telecommunication group MobiFone.
In recent years, the Vietnamese government has always targeted investors from the United States and Japan for the initial public offerings (IPOs) of SOEs as those investors have strong financial status, professional qualifications and have expressed interest in Việt Nam’s market.
(Phnom Penh) - A delegation of 14 leading U.S. companies organized by the US-ASEAN Business Council arrived in Phnom Penh to engage with high-level Cambodian government officials and other stakeholders on expanding U.S.-Cambodia trade and investment ties. The Business Mission is led by Mark Lewis of ConocoPhillips, Chair of the Council’s Cambodia Committee, Dararith Lim of GE, Vice-Chair of the Council’s Cambodia Committee, and Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council.
During its visit, the delegation consulted with the Royal Cambodian Government on its efforts to “Rebrand Cambodia” and ways to expand stakeholder consultation during policy formulation. The delegation expressed interest in the Royal Government’s initiatives to promote better governance and transparency, technological development, corporate governance, financial inclusion, human resource development and SMEs.
KUALA LUMPUR -- Business groups in Southeast Asia are advocating the continuation of open trade policies, just as U.S. President Donald Trump looks to advance his protectionist agenda.
More than anything, perhaps, companies across the Association of Southeast Asian Nations bloc want to know exactly where Washington stands.
"Business requires certainty to operate and thrive, especially when the ASEAN Economic Community is at a nascent state with teething issues," said Munir Majid, chairman of the CIMB ASEAN Research Institute, or CARI.
Majid was speaking at the ASEAN Roundtable Series on Tuesday, organized by CARI, a think tank of Malaysian lender CIMB Group Holdings, and the ASEAN Business Club, which comprises executives from the private sector. The theme of the session was "Dealing with a changing world order: What will Trump's economic and foreign polices mean for ASEAN?"
KUALA LUMPUR: Asean businesses urge that the current US administration provide more clarity and certainty in trade policies for the benefit of mutual growth in the US and Asean.
The statement follows a gathering of over 70 senior corporate executives, government officials, and diplomats from seven countries namely Indonesia, Malaysia, Singapore, Vietnam, US, Denmark, and Russia at a roundtable discussion themed “Dealing with a changing world order: What will Trump’s economic and foreign policies mean for Asean?” organised by CIMB Asean Research Institute (Cari) yesterday.
The participants of the roundtable highlighted their concerns about US President Donald Trump’s possible protectionist policies, while speakers also discussed how the new administration’s policies could negatively impact business and investment in Asean and the region’s economic integration.
(VOVworld) – Vice Chairman of the National Assembly Phung Quoc Hien told Michael Michalack, former US Ambassador to Vietnam and Vice President of the US-ASEAN Business Council, that Vietnam is ready to create favorable conditions for foreign investors.
At a reception in Hanoi on Thursday, Mr. Hien said American business people who invest and do business in Vietnam need to pay more attention to environmental protection, social responsibility, and cooperation with Vietnam in human resource training and technological transfer for sustainable development.
Mr. Michalak said his visit aims boost cooperation and exchange programs with Vietnam for mutual understanding and trust. He called on Vietnam to strengthen administrative reform and tax policy to facilitate investment and businesses activities of the US-ASEAN business community.
Minister of Agriculture and Rural Development Nguyễn Xuân Cường explained several new regulations regarding agriculture during a working session in Hà Nội on Wednesday with Senior Vice President of the US-ASEAN Business Council Michael Michalak.
At the session, a representative from the US’s Cargill Corporation said while the company fully supports the removal of antibiotics as growth promoters starting January 2018, Circular 06/2016/TT-BNNPTNT includes a limited list of antibiotics and guidelines for use that under its current form will severely limit the capacity of farmers to prevent, treat and cure diseases.
(Hanoi) The US-ASEAN Business Council concluded a four day Senior Executives Business Mission to Vietnam today with a meeting with Prime Minister H.E. Nguyen Xuan Phuc. The delegation of 30 leading U.S. companies across a wide variety of sectors was led by US-ASEAN Business Council Senior Vice President and Regional Managing Director Ambassador Michael Michalak, Vice President for Government Affairs & Policy for ASEAN, Australia, New Zealand, & PNG for GE Christian Bennett, and Council Vice President for Policy Marc Mealy.
Food & Agriculture Update | February 23, 2017
Authors: Sunita Kapoor, Hai Pham, Trixia Apiado LOOKING AHEAD
March 6-9: 2017 Vietnam Business Mission
Vietnam Update | February 22, 2017
Authors: Hai Pham, Trixia Apiado LOOKING AHEAD
March 6-9: 2017 Vietnam Business Mission