Vietnam says India can explore

Oct 9, 2011 Hanoi: Vietnam President Truong Tan Sang today said India and other foreign nations were welcome to explore hydrocarbons in areas within his country’s jurisdiction, as he sought to deepen strategic and defence ties with New Delhi.

“We note with satisfaction the fine developments of the strategic partnership between the two countries in all areas, including security – defence,” he said.

“It is a fact that all cooperation projects between Vietnam and other partners including ONGC in the field of oil and gas are located on the continental shelf, within the exclusive economic zone and under the sovereign rights and jurisdiction of Vietnam, entirely in conformity with international laws, especially the 1982 UN Convention on the Law of the Sea,” he said.

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Even Kids Can Understand Trade

U.S. Global Leadership Coalition’s new video illustrates the direct connection between our investments in U.S. global leadership and job creation here at home . . . from a kid’s point of view.

The video highlights how the International Affairs Budget strengthens our economy for the next generation of Americans.

And provides a fresh new take with a simple but compelling explanation of the benefits of investing just one percent in development and diplomacy programs.

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Weekly Update Aug 1: Consumer Product Safety, Cambodia Trade & Investment, Business Networking Night


Tu, Aug 2: Legal & VBF Liaison Committee Meeting
Th, Aug 11: Members Lunch – Consumer Product Safety
Th, Aug 18: Members Lunch – Cambodia Investment Opportunities
Th, Aug 18: Business Networking – Specific Project Professional Indemnity Insurance
Tu-We, Aug 30-31, Business Mission to Laos
Fr, Sep 2 Vietnam’s National Foundation Day
Sa, Sep 17 International Coastal Cleanup Day
Mo, Sep 19 Global Economic Outlook: 2011-2012
Sa, Sep 24 – Sa, Dec 3 AmCham Scholarship 2011
Photo Highights: AmCham’s July 4th Picnic
AmCham’s World Blood Donor Day in the News
Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Developing a 21st Century Workforce in Vietnam

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Joint Statement from Trans-Pacific Partnership (TPP) Ministers Meeting on Margins of APEC in Montana

Big Sky, MT – Trans-Pacific Partnership (TPP) ministers met today on the margins of the APEC Ministers Responsible for Trade meeting to take stock of progress made so far and to consider the path forward as they seek to conclude a high-standard, regional trade agreement. Joining the meeting were Australian Minister for Trade Craig Emerson, Bruneian Second Minister for Foreign Affairs and Trade Pehin Lim Jock Seng, Chilean Vice Minister of Trade Jorge Bunster, Malaysian Secretary General for International Trade and Industry Rebecca Fatima Sta. Maria, New Zealand Minister of Trade Tim Groser, Peruvian Minister of Foreign Trade and Tourism Eduardo Ferreyros Kuppers, Singaporean Permanent Secretary for Trade and Industry Ow Foong Pheng, U.S. Trade Representative Ron Kirk, and Vietnamese Minister of Planning and Investment Vo Hong Phuc.

The ministers discussed the progress so far after six rounds of negotiations and were pleased with the steady and solid progress to date in this highly complex negotiation, which shows great promise as a possible pathway to development of the Free Trade Area of the Asia Pacific. The more than 20 negotiating teams already have consolidated texts reflecting different countries’ positions in virtually all areas to be covered by the agreement. They are now well into negotiations on each of these texts and are working to try to finalize agreement on specific legal commitments across the spectrum of their trade and investment relationships. At the same time, the negotiating teams have made good progress in negotiations over access to each others’ markets for industrial goods, agriculture, textiles, services, investment and government procurement.

The ministers discussed new cross-cutting issues to be included in the TPP and welcomed the work done so far to consider ways to address issues faced by their businesses and workers in the 21st century. They agreed that by incorporating new provisions that address these issues, this agreement can support the creation and retention of jobs in their countries as well as contribute meaningfully to their economic growth and development. The ministers welcomed the creative approaches developed so far to promote cooperation on regulatory issues, develop new approaches to facilitate business and strengthen the development of supply and production chains among members, promote the participation of small- and medium-sized enterprises in trade with TPP countries, and support development. They also encouraged the negotiating groups to refine and supplement the proposals already under discussion to ensure that the agreement is as beneficial as possible to all current and future TPP members.

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HCM City signs transport deals

HCM CITY, Mar 29, 2011. Agreements for investment and development of monorail lines No. 2 and 3 and metro line No. 4 were signed on Saturday between the management board of the HCM City Urban Railway and the Italian-Thai Development Public Co. Ltd. (ITD).

ITD proposed a feability study and applied for permission to invest in the BOT (Build-Operate-Transfer) form for the monorail lines No.2 and 3, and to use ODA loans or EPC (Engineering-Procurement-Construction) investment form for the metro line No. 4, according to Nguyen Luong Do, head of the Urban Railway management board.

Do said capital for these projects, estimated at US$ 4.55 billion, would be mobilised from Standard Chartered Bank.

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Weekly Update Jan 31: TET Lunar New Year, Employee Engagement, U.S.-Asia/Pacific Business Summit


We-Mo, Feb 2-7 TET Lunar New Year (Yr of the Cat)
Mo-Mo, Jan 31-Feb 7 TET Lunar New Year (optional 8-day holidays)
We, Feb 16 Member Lunch: Engagement Indicator Survey 2011 Briefing
Th-Fr, Mar 3-4 U.S.-Asia/Pacific Regional Business Summit, Singapore
Mo-Tu, Mar 28-29 APBO Asia Pacific Business Outlook, Los Angeles

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Weekly Update Sep 13: AmCham Scholarship Coastal Cleanup HoiAn Wkend ADB Projects Credit Guarantees

Fr-Su, Sep 24-26 Weekend in Hoi An

Sa, Sep 25 AmCham Scholarship 2010 Information Session

Sa, Sep 25 International Coastal Cleanup

Tu, Sep 28 ADB Finance/Development Projects in Vietnam and the GMS

Tu, Sep 28 Business Networking: Credit guarantees for agricultural imports from the USA

We, Nov 10 International Product Safety & Restricted Substances Conference

Two Web Sites for Overseas U.S. Voters: Online Voter Registration & Ballot Delivery

Events, Meetings, Activities, and Special Offers for Members

HONGKONG – the city that never sleeps, now at the dreamy price of VND2,437,500 (USD125) Enjoy one of the most exciting cities in the world at this low low fare. See details and on-line reservations at Hong Kong Special Fare and take advantage of this very special offer while it lasts.

Mo-Su, Sep 13-26 Burger Nights at Caravelle Hotel Fisherman’s choice, healthy alternative or your own special with blue cheese gratinated with Teriyaki sauce. From VND 212,000++

Tu, Sep 14 Roundtable discussion on Bamboo We would like to invite you to attend this event, along with other businesses with an interest in the future of bamboo in Vietnam, to discuss these opportunities and provide input to the Ministry for Agriculture and Rural Development’s development of a new Bamboo Master Plan and Policy Decision.

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Weekly Update Aug 06: Weather, Ex-Im Bank President Visit, Commerce Secretary Visit

Keep up-to-date about U.S.-Vietnam trade and investment with Weekly Updates.

Upcoming Events, Committee Meetings, and Other Activities

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Weather – Typhoons and Low Pressure Systems
August brings the start of the typhoon season, with storms and low pressure systems spinning out of the Eastern Sea. Click the link for weather information and a review of the 2006 and 2007 West Pacific storm seasons, and the latest sattellite weather photos updated every hour on the hour.

2007 Vietnam Total Rewards Survey
Do you need updated information on the remuneration trends and market practices in Vietnam ? Watson Wyatt Worldwide and SMART HR are collecting data for the 2007 Vietnam Total Rewards Survey. Now is the time to contact SMART HR to participate and have access to the latest figures.

East West Corridor Week, 27 Aug – 01 Sep
The East-West Corridor stretches 1,450 km across Myanmar, Thailand, Laos and Vietnam, from Mawlamyine in Myanmar to DaNang City in Vietnam. It is one of the key economic corridors in the Greater Mekong Subregion (GMS), which aims at deepening integration and trade, investment linkages, and reducing poverty in the region. When the road infrastructure is completed, the EWEC may well become not only a dynamic development hub, but also an important link connecting the Greater Mekong Sub-Region to huge markets in Northeastern and Southern Asia. The Government of Vietnam has decided to organize the EWEC Week 2007 from August 27 to September 1, 2007 in DaNang City with a view to promoting trade, investment and tourism opportunities of the EWEC to business leaders within and outside the region. Click the link for more information about the East West Corridor and the week’s events.

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