Less benefits from WTO accession than expected

HCMC, Apr 1, 2011. Vietnam has gained less benefits from global integration than expected since it joined the World Trade Organization (WTO) in 2007, says a report from the Central Institute for Economic Management (CIEM).

Vo Tri Thanh, vice president of the institute, said in a meeting on Tuesday that Vietnam expected many positive effects from its WTO accession, especially in international trade and foreign investment, but the results are far from satisfaction.

Foreign direct investment in Vietnam after WTO accession has not yielded desirable results as well, Thanh said.

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Weekly Update 2006-08-22 PNTR and WTO Accession Outlook

PNTR and WTO Accession

Another two weeks before Congress returns from its August “District Work Period” in the first week of September for a one month session before the October 6 target adjournment to prepare for the November 7 elections. Two U.S. Senators have put a “hold” on PNTR legislation. Please click here for an update and background information: PNTR and WTO Accession.

Sep 6 Members Lunch: Will port delays slow Vietnam’s growth?

FDI investors, along with major shipping and logistics providers, are concerned about potential delays in ports and related infrastructure development. Decisions or actions made this year could have a profound impact on Vietnam’s export growth, and its competitiveness with other countries in the region. As large infrastructure projects take years to complete, early planning, commitment and development of projects is critical. Click here for more information and to register on-line.

In Geneva, there is no schedule yet for the additional informal meetings planned and formal WTO Working Party talks to resolve remaining issues from theWTO Working Party talks starting July 19. The remaining issues not yet agreed in the multilateral report include labor standards, textiles and apparel, trading rights (importing into Vietnam), and the excise duty on spirits and beers. These September meetings are necessary to prepare for accession by the WTO General Council Meeting Oct 10-11.

Increased Efforts to Combat High Level Corruption

World leaders are increasingly attacking corruption by senior government officials. The G8 Leaders agreed to fight high level corruption in a joint statement on July 16. President Bush outlined the U.S. stragegy internanationalize efforts against kleptocracy on August 10. The World Bank/IMF meeting in Singapore September 19-20 is expected to develop a coordinated and comprehensive anticorruption strategy. Read more … .

APEC CEO Summit, Nov 16-19, 2006. Hanoi

An opportunity for CEOs to participate in the APEC Leaders’ meeting, the APEC CEO Summit is one of the most prestigious annual events of the region, providing opportunities for business leaders to hear presentations from and to engage in discussions with APEC leaders, policy makers, academia, and other CEOs on the most critical economic and business issues facing the region. Click here for information on APEC CEO Summit.

Get weather updates and view approaching typhoons from links on this weather page: Weather in Vietnam and Western Pacific (satellite views, current and forecast weather, 5-year averages)

Click on Other Chambers to see other events in HCMC and on Other AmChams in the Asia/Pacific Region if you plan to travel in the region and want to know about networking opportunities in the city(ies) you will visit. AmCham members are welcome to attend member functions at any AmCham in the Asia-Pacific region at local member rates. Be sure to have your AmCham member card with you and your member listing up to date.

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Update and Background on WTO Accession and Implementation (and Apparel Trade)

Updates: Aug 2, 2006 – Jan 11, 2007

Vietnam’s WTO Accession Agreement
Includes a Summary and Overview, and also links to downloads of complete information on the Working Party Report (260 pages), Commitments on Goods (560 pages), Commitments on Services (60 pages).

USTR Fact Sheets on U.S.-Vietnam WTO Bilateral Market Access Agreement
General Overview, Agricultural Goods, Industrial Goods, Services, Textiles and Apparel

Final Steps to WTO Accession

According to statements on official web sites (USTR, WTO, etc.) and statements by officials involved, the following is the expected calendar of steps leading to Vietnam’s WTO accession. These dates are estimates and subject to change, based on developments.

Oct 13WTO Working Party informal agreement reached
Oct 26WTO Working Party formally approves agreement
Nov 07WTO General Council approves Vietnam’s accession
Nov 23Government submits WTO Agreement to National Assembly
Nov 28National Assembly votes to ratify Vietnam’s WTO accession
Dec 12Vietnam notified the WTO of ratification
Jan 11 .30 days after notifying WTO, Vietnam became a WTO member .

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Dalat Winter Weekend Round Table, 27 Jan 2007 – Agenda

Dalat Winter Weekend Round Table
Cezanne Room, Sofitel Dalat Palace Hotel
Saturday, January 27, 2007
08:00a – 12:00n

Agenda (Click on link to download presentation)

08:00 – 08:30amCoffee/Tea and Breakfast Pastries Available
08:30 – 09:00amWelcome and Introductory Remarks
.Welcome – Chris Muessel, Chairman
.Overview of U.S.-Vietnam Relations – Ambassador Michael Marine
.Perspectives from Southern Vietnam – Consul General Seth Winnick
.Discussion and Q&A

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