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Location: Hai Phong, Vietnam
Date: November 21, 2018
Participants: 207 entrepreneurs
Member Participants: Cisco, Coca-Cola, FedEx, Microsoft, and VISA
Partners: Hai Phong People's Committee and Viet Nam Chamber of Commerce and Industry (VCCI)
Overview:
On November 21, more than 200 multi-industry Small and Medium-sized Business (SMBs) owners and executives from Hai Phong and neighboring cities participated in a one-day SMB workshop titled “Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains”.
Dear Members,
It’s hard to believe that we are already near the end of the year. The last 30 days have not seen any slowdown in Southeast Asia and the Council continues to keep pace.
Cyber Security and privacy legislation continues to evolve in ASEAN (please see ICT section for more information). Earlier this month at the ASEAN Leaders’ Summit in Singapore, the 10 nations of ASEAN agreed to their first digital economy agreement when they signed the ASEAN eCommerce Agreement. Ambassador Michael Michalak and I attended the ASEAN Business and Investment Summit on the sidelines of the ASEAN Summits, and I was honored to speak on a panel regarding the role that the Council plays in helping ASEAN achieve its goals. I was joined on the panel by the Ministers of Trade from New Zealand and the United Kingdom.
With increasing ASEAN integration creating further potential for growth, and the government emphasizing value creation as one of the key pillars of Singapore’s economy, the city-state will play a crucial role for U.S. investors seeking to capitalize on the region’s growing opportunities.
Singapore has long been a strategic partner for U.S. traders seeking to gain a foothold in the lucrative Southeast Asian region. As far back as the early 19th century, U.S. merchants would visit the port on their way to and from China, and that early mercantile connection has given way to a broad and deep relationship today. Today, Singapore is home to a whopping $274.3 billion of U.S. investment, more than the figures for China and Japan combined.
(Hai Phong) - On November 21, more than 200 multi-industry Small and Medium-sized Business (SMBs) owners and executives from Hai Phong and neighboring cities participated in a one-day SMB workshop titled “Elevating SMBs into Industrial Revolution 4.0 and Inclusive Global Value Chains”.
The workshop is a joint initiative between the US-ASEAN Business Council, the Hai Phong People’s Committee, and the Viet Nam Chamber of Commerce and Industry (VCCI). It was officially opened by the U.S. Ambassador to Viet Nam, The Honorable Daniel Kritenbrink; the Vice Chairman of Hai Phong People’s Committee, Mr. Le Khac Nam; the Deputy Director General of General Department of Viet Nam Customs, Mr. Mai Xuan Thanh; and the US-ABC Senior Vice President and Regional Managing Director, Ambassador Michael W. Michalak.
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