On April 16, the U.S. Treasury Department determined in its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States that there is insufficient evidence to label Vietnam as a currency manipulator. In this Report, Treasury reviewed and assessed the policies of 20 major U.S. trading partners during the four quarters through December 2020.
(Vietnam) – On March 29th, the US-ASEAN Business Council (the Council) in partnership with The Ministry of Planning and Investment (MPI) of Vietnam conducted a half-day hybrid workshop for Vietnamese Small and Medium Enterprises (SMEs). It was the second hybrid event in Vietnam after a program in November 2020. Around 100 owners and executives of Vietnamese SMEs virtually joined the webinar on, “Advancing Greater Participation by Vietnam SMEs in the Digital Economy Era.” The event was part of a broader webinar series in response to the COVID-19 crisis, focused on supporting digitalization plans for SMEs in Vietnam. A few officials also attended the event in-person at the MPI Office in Ha Noi.
(Singapore) – The US-ASEAN Business Council (US-ABC) launched its “A Vision for Cross-Border E-Commerce in ASEAN” report through a jointly organized workshop with the ASEAN Coordinating Committee on Electronic Commerce (ACCEC). Workshop participants discussed the report’s proposed programs and initiatives to advance ASEAN’s e-commerce ecosystem and its broader digital economy.
(Washington, D.C.) The Board of Directors, members and staff of the US-ASEAN Business Council offer their sincere condolences to the Shultz family, the U.S. Government, and the people of the United States on the passing of Mr. George Shultz, former U.S. Secretary of State, Secretary of the Treasury and Secretary of Labor. Shultz passed on February 6, at age 100.
The webinar was officially opened by Ambassador Michael Michalak, SVP and Regional Managing Director of the Council.
(Washington, DC) On January 15, the office of the United States Trade Representative (USTR) released a report on the Section 301 investigation into Vietnam’s currency practices. The report details USTR’s findings of the investigation, concluding that Vietnam’s acts, policies, and practices related to currency valuation are unreasonable and burden American commerce. While USTR’s investigation supports a finding that Vietnam’s acts, policies, and practices are actionable under section 301 of the Trade Act, the report did not include any recommended actions or tariff guidelines.
(Singapore) The US-ASEAN Business Council (USABC), in collaboration with Deloitte, and the Singapore Economic Development Board (EDB) launched Edges of Southeast Asia at a panel session held at the Singapore Week of Innovation & TeCHnology (“SWITCH”) Global Channel 2020 on December 7.
Edges of Southeast Asia features a 25-card info pack, each illustrating an emerging trend that draws upon a real case example in the region. Drawing influence from a diverse range of social, technological, economic, and political megatrends to better understand the complex dynamics shaping the business world, Edges of Southeast Asia features high growth potential opportunities within the ASEAN region.
The US-ASEAN Business Council is once again proud to bring a strong delegation of 39 leading American companies to Thailand – the second consecutive year our annual Business Mission to Thailand is the largest delegation of the year to any country in Southeast Asia. Despite unprecedented challenges presented by the COVID-19 pandemic, it is remarkable to see that U.S. businesses continue to view Thailand as a top priority market in Southeast Asia. This year especially, the Council is incredibly excited to have organized this Business Mission in a hybrid format; due to Thailand’s expert handling of the pandemic, our engagements had both in-person and virtual aspects, further enhancing the experience of the Mission and drawing us closer to a sense of normalcy.
(Ho Chi Minh City) – On November 19, the US-ASEAN Business Council with the Vietnam Women Entrepreneurs Council (VWEC) conducted the first hybrid workshop program for Vietnam SMEs. The event was part of a broader webinar series in response to the COVID-19 crisis. Around 150 owners and executives of Ho Chi Minh and neighboring cities participated in person, and 50 participants joined virtually through the webinar platform for the session themed “Adjustment for Adaptation – New Direction and Opportunities.”
The workshop was officially opened by Mr. Ryan Hollowell, Commercial Officer from the U.S. Consulate General Ho Chi Minh City, followed by remarks from Mr. Dinh Ngoc Thang, Director of the HCM City Customs Department and Mrs. Nguyen Thi Tuyet Minh, Chairwoman of VWEC.