Former banker Testerman becomes AmCham HCMC chairman

By Thuy Tuong
Thu, January 12, 2023 | 9:51 am GMT+7

Former banking executive Gregory Testerman has been elected chairman of the board of governors at AmCham Vietnam in Ho Chi Minh City for 2023.

Gregory Testerman, new chairman of AmCham Vietnam in HCMC. Photo courtesy of the chamber.

Gregory Testerman, new chairman of AmCham Vietnam in HCMC. Photo courtesy of the chamber.

Testerman has spent nearly his entire adult life working internationally as a corporate and investment banking executive, mainly with JP Morgan and Banco Santander, living in New York, Antwerp, Brussels, London, Tokyo, Hong Kong, Miami, Panama, Mexico, and Vietnam.

He has particular specializations in international capital markets, trade finance, and governance issues in the financial sector, said AmCham Vietnam in HCMC.

Testerman moved to HCMC, Vietnam’s economic powerhouse, in 2014, and launched his HCMC-based consulting firm Testerman Advisory, LLC. targeting emerging market banks, and offering advisory services in sustainable finance which integrates environmental, social, and governance (ESG) criteria into business or investment decisions.

He was co-founder and inaugural co-chair of AmCham Vietnam’s ESG Committee. He has served on AmCham Vietnam’s board of governors since January 2022.

Testerman said: “The year 2023 will bring great opportunities, and inevitably some challenges, for the economies of both the U.S. and Vietnam.

“AmCham will reinforce its close collaboration with the U.S. business community in Vietnam with the U.S. Mission and with the Vietnamese government to continue to strengthen the important trade relationship between the two countries.

“We look forward to contributing to the sustainable growth of commerce in the interest of AmCham members.”

During the AmCham Vietnam HCMC meeting on Tuesday, the board also elected Winnie Wong, Mastercard country manager in Vietnam, Cambodia and Laos, as vice chair; Walt Power, The Grand Ho Tram CEO, as vice chair; Ace Wilson, Intel Products Vietnam’s chief financial officer, as treasurer; and Leonardo Garcia, general manager, Coca-Cola Vietnam and Cambodia, as secretary.

Comments (0)
  • Read More
Korea soju producer HiteJinro targets annual output of 70 mln liters in Vietnam

Korea soju producer HiteJinro targets annual output of 70 mln liters in Vietnam

South Korea's HiteJinro, a leading producer of traditional alcoholic beverage soju, targets an annual output of 70 million liters of soju and fruit-flavored soju under the Jinro brand for its to-be-built factory in Vietnam.

Industries - Tue, November 5, 2024 | 10:13 am GMT+7

Vietnam stock market may receive $9 bln from overseas funds once upgraded: Morgan Stanley

Vietnam stock market may receive $9 bln from overseas funds once upgraded: Morgan Stanley

International funds may pour up to $9 billion into Vietnamese equities once Vietnam’s stock market status is upgraded from a frontier to an emerging market, says a Morgan Stanley representative.

Finance - Tue, November 5, 2024 | 9:33 am GMT+7

Vietnam oil & gas sector’s Q3 profits up for upstream firms, down for downstream firms

Vietnam oil & gas sector’s Q3 profits up for upstream firms, down for downstream firms

Upstream oil and gas companies in Vietnam reported robust profit growth in the third quarter of this year, but downstream peers were hit by declining oil prices.

Companies - Tue, November 5, 2024 | 8:01 am GMT+7

Indonesia targets comprehensive fuel subsidy scheme reform

Indonesia targets comprehensive fuel subsidy scheme reform

Indonesian Energy Minister Bahlil Lahadalia has said the country is conducting a thorough exercise to reform its fuel subsidy scheme.

Southeast Asia - Mon, November 4, 2024 | 10:50 pm GMT+7

Tech companies invest in data centers in Thailand

Tech companies invest in data centers in Thailand

Thailand’s Board of Investment (BOI) has approved investment support for two large data centre projects in the country worth over THB60 billion ($1.7 billion).

Southeast Asia - Mon, November 4, 2024 | 10:49 pm GMT+7

Indonesia upgrades sea wall system to protect Jakarta

Indonesia upgrades sea wall system to protect Jakarta

Indonesian Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono has stated that the construction of sea walls was one of the priorities of President Prabowo Subianto.

Southeast Asia - Mon, November 4, 2024 | 10:47 pm GMT+7

Where real estate and urban development meet

Where real estate and urban development meet

The Transit-Oriented Development (TOD) itself, if properly planned and implemented, can lower the barrier to the use of public transport, lessen the dependency on private vehicles, contributing to the liveability of communities and cities, write Avison Young Vietnam analysts.

Consulting - Mon, November 4, 2024 | 8:49 pm GMT+7

AI helps sellers offer competitive prices on e-commerce platforms: Lazada trainer

AI helps sellers offer competitive prices on e-commerce platforms: Lazada trainer

When sellers carry out promotions on e-commerce platforms, artificial intelligence can help ensure their prices remain competitive, says Nguyen Tran Tin, a seller and trainer at Lazada Academy.

Companies - Mon, November 4, 2024 | 8:07 pm GMT+7

Vietnam plans $7.3 bln rail route linking 2 northern provinces bordering China

Vietnam plans $7.3 bln rail route linking 2 northern provinces bordering China

Vietnam Railway Authority under the Ministry of Transport has proposed a 448-km long, VND183,856 billion ($7.26 billion) route running between the northern provinces of Lao Cai and Quang Ninh, both sharing a border with China.

Infrastructure - Mon, November 4, 2024 | 7:14 pm GMT+7

Vietnam agribusiness HAGL trains focus on domestic market, inks pact with Kingfoodmart

Vietnam agribusiness HAGL trains focus on domestic market, inks pact with Kingfoodmart

Vietnamese agri major Hoang Anh Gia Lai JSC (HAGL) is looking to tap domestic market potential afresh by distributing its products through the Kingfoodmart supermarket chain.

Companies - Mon, November 4, 2024 | 7:08 pm GMT+7

Mixed performance by Vietnam commercial banks in Q3

Mixed performance by Vietnam commercial banks in Q3

Vietnamese commercial banks have had a mixed third quarter, with some reporting substantial profit gains while others seeing steep declines or even losses.

Banking - Mon, November 4, 2024 | 4:52 pm GMT+7

Vietnam’s Vingroup, UAE's NMDC to collaborate in offshore wind power

Vietnam’s Vingroup, UAE's NMDC to collaborate in offshore wind power

Vietnam’s leading conglomerate Vingroup and the UAE-based NMDC Group will collaborate in offshore wind power, the latter said in a recent filing sent to the Abu Dhabi Securities Exchange (ADX).

Energy - Mon, November 4, 2024 | 4:20 pm GMT+7

Military-run Viettel Group has 2 more deputy general directors

Military-run Viettel Group has 2 more deputy general directors

General Phan Van Giang, Minister of National Defence, has appointed Cao Anh Son and Nguyen Dat as deputy general directors of Military Industry and Telecommunications Group (Viettel Group), starting last Friday.

Companies - Mon, November 4, 2024 | 3:14 pm GMT+7

Mega Long Thanh airport first phase should be completed in Sept 2026: senior parliament official

Mega Long Thanh airport first phase should be completed in Sept 2026: senior parliament official

Relevant agencies should prepare to complete the first phase of the $14-billion Long Thanh International Airport project on September 2, 2026, as soon as the Vietnamese National Assembly approves changes to the project, said a senior parliament member.

Infrastructure - Mon, November 4, 2024 | 12:44 pm GMT+7

Fed rate cuts, upgrading efforts to lure foreign investors back into Vietnam stock market: VinaCapital

Fed rate cuts, upgrading efforts to lure foreign investors back into Vietnam stock market: VinaCapital

The U.S. Fed’s rate cut cycle and the Vietnamese government’s fresh efforts to upgrade the local stock market status are likely to bring foreign investors back into the stock market next year, according to VinaCapital.

Finance - Mon, November 4, 2024 | 11:42 am GMT+7

Foxconn’s subsidiary Shunsin to invest $80 mln in northern Vietnam to produce integrated circuits

Foxconn’s subsidiary Shunsin to invest $80 mln in northern Vietnam to produce integrated circuits

Shunsin Technology (Bac Giang, Vietnam) Limited, a subsidiary of Taiwanese giant Foxconn, will invest $80 million in Vietnam’s northern province of Bac Giang to produce integrated circuits (IC).

Industries - Mon, November 4, 2024 | 10:44 am GMT+7