Council chair Evan Greenberg, who is also president and CEO of US-based Ace Ltd., will lead the 2nd Annual CEO Mission to the Asean.
The group will be visiting the Philippines and Vietnam, following a successful mission last year to Indonesia, Malaysia, and the Secretariat of the Association of Southeast Asian Nations.
To underscore the US government’s support for high-level private sector dialogues with Asean business and government officials, US Commerce Secretary Penny Pritzker will travel with the delegation, the US-Asean Business Council said in a statement.
Pritzker is heading a chief executive officer (CEO)-level US-Asean Business Council mission here.“The recent visit of President Obama resulted into a follow-up visit next week by the Department of Commerce secretary, to be accompanied by a high-level business delegation composed of 12 businessmen. I will meet with her and the US-Asean Business Council, all with a view to improve trade relations,” Trade Secretary Gregory L. Domingo said in a news conference on Tuesday.
The US secretary of Commerce will also meet with President Aquino during her visit, as well as several Cabinet officials, Domingo said.
Loc said such an unreliable supply chain is a key problem for small and medium businesses like his in Vietnam.
“If you do business in China or Thailand, you have industrial support,” Loc told VOA. “They have the materials available. But for us, it’s very limited.”
The Association of Southeast Asian Nations (ASEAN) and the United States on Tuesday launched a regional business council in Ho Chi Minh City in a bid to promote the development of their small and medium enterprises (SMEs) and bolster trade across the region.
US- ASEAN Business Alliance for SMEs, jointly formed by the U.S.-ASEAN Business Council and the U.S. Agency for International Development (USAID), will focus on training, the sharing of information, and mentoring in addition to building on the Council's SME training program created at the request of the ASEAN Economic Ministers in 2011.
“By partnering with USAID we are expanding the resources, scope and diversity of SME training in the run-up to the creation of the ASEAN Economic Community in 2015,” said US-ASEAN Council President Alexander Feldman.
KUALA LUMPUR, April 22 (Bernama) -- The United States and the US private sector launched the first activity in their partnership formed in collaboration with the Association of Southeast Asian Nations (Asean) to promote small and medium enterprise (SME) development and growth to bolster trade across the region.
A workshop was launched today in Ho Chi Minh City, Vietnam, providing 150 Vietnamese entrepreneurs with the basic skills and knowledge needed to enter international markets, which are often very different to those used to sell locally.
"By partnering with the US Agency for International Development (USAID), we are expanding the resources, scope and diversity of SME training in the run-up to the creation of the Asean Economic Community in 2015," said US-Asean Business Council President Alexander Feldman in a statement today.
UNITED States businesses are hoping that US President Barack Obama’s visit to Malaysia this week will drive his commitment towards the successful completion of the Trans Pacific Partnership (TPP) negotiations.
“We also hope that he will state his strategy for pushing through the legislation the US Congress,” said the US-Asean Business Council in an email response to Business Times.
The regional trade pact, which was initiated by Obama in 2010 as part of the US’ “pivot to Asia” policy, is now in its final leg of negotiations.
Malaysia and the US are engaged in the talks along with Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore and Vietnam.
The TPP countries, which did not meet the deadline for conclusion of the talks in December last year, resumed negotiations in Singapore in February but many issues remained unresolved.
“It’s a brand-new terminal without any customers,” said Hambleton, general director of Cai Mep International Terminal Co. “You get a sense of how dire the situation is. The whole terminal industry is oversupplied.”
With companies from Intel Corp. (INTC) to Samsung Electronics Co. (005930) building billion-dollar factories in Vietnam, regional governments have established competing ports capable of handling overseas traffic, causing plunging rates and losses for operators estimated at $1.5 billion or more, according to Seaport Consultants Asia.
United States principal deputy assistant secretary of state for Asia Pacific at the Department of State, Scot Marciel, said: "Some of the issues that will likely come up for discussion between President Obama and the Malaysian side will include business ties, the Trans-Pacific Partnership (TPP) and bilateral trade."The former US ambassador to Indonesia spoke to Bernama about Obama's much-awaited visit to Malaysia on the sidelines of a conference on Monday on "Managing Risk in Asean: Opportunities and Challenges", jointly hosted by the US-Asean Business Council and the American-Indonesian Chamber of Commerce at New York's Yale Club.
This will be the first official visit by a US president to Malaysia since former President Lyndon Johnson's visit in 1966.
Even though the Vietnamese government is considering piloting allowing Vietnamese nationals to enter the proposed casino, the concept of choosing the location for a state-of-art casino has raised concerns given the ample other options in the country.
A representative of the American Chamber of Commerce, who represented American investors at a conference on special economic zones recently held in Quang Ninh, said the Vietnamese government should carefully consider the development of a casino integrated resort complex in Van Don.
She said there was already a rash of large-scale casinos planned for Vietnam so the appearance of an additional casino could cause an oversupply in this sector.
The thinking is that entering Myanmar with a strong CSR campaign helps companies meet key local stakeholders in the public and private sectors, build infrastructure and collect insights about the business environment and mindset of the local people. Add to this the fact that Myanmar's support needs are huge, and the concept of CSR as a market entry tool makes good sense.