Weekly Update 2006-10-23 Oct 24 Lunch with United Technologies President

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

Oct 24 AmCham Special Lunch: United Technologies President Louis Chenevert, will discuss the company’s interests in Vietnam and the ASEAN region. UTC provides a broad range of high-technology products and support services to customers in the aerospace and building industries worldwide, has annual revenues of US$ 42.7 billion and 227,000 employees around the world. Click on the link or the ad to register online.

National Assembly to vote on WTO Agreement Nov 28, Vietnam to become WTO member in Dec.
Returning from Geneva, Minister of Trade Truong Dinh Tuyen said that after the WTO General Council approved the agreement on Nov 7, Vietnam would submit it to the National Assembly on Nov 10. After review and discussion, the National Assembly would vote to ratify the Agremeent on Nov 28. Vietnam will be come a WTO member 30 days after it has notified the WTO of ratification.

According to a USTR Fact Sheet, “the U.S.-Vietnam Textile Agreement will expire on the date of Vietnam’s accession to the WTO and quotas under the Agreement will be removed as of that date.”

Workshop on Post-WTO Entry Transition Period for Apparel – POSTPONED.
Given the government’s focus on preparing to submit the WTO Agreement to the National Assembly for approval, the event has been postponed. The Apparel Committee will review the situation in the weeks ahead, and will coordinate with Vietnamese government officials, and with VITAS and AGTEK, to reschedule the workshop at an appropriate date in the future.

Please click the AmCham Networking Events link to make sure you are aware of the many networking opportunities, and click on REGISTER ONLINE for an efficient registration experience. We schedule lunches so that you can get in and out easily between 12:00 and 1:30 pm, on your lunch hour.

AmCham extends full support for Vietnam’s WTO accession
Vietnam News headlined an interview with Walter Blocker, Chair of AmCham Vietnam in HCM City. Click the link for highlights of the interview: When will Vietnam become a WTO member? What are the pros and cons? and what has AmCham done to prepare for Vietnam’s WTO accession.

Honeywell opens office in Ho Chi Minh City
The U.S.-based firm has won a US$ 17.5 million contract to supply control systems for Vietnam’s first oil refinery that is scheduled to go on stream in early 2009. Honeywell International is a diversified technology and manufacturing leader with more than 100,000 employees in 95 countries. The firm serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Read more about Honeywell

FAQ – Dining in HCM City
We’ve added a “Ho Chi Minh City Restaurant Guides” page under our FAQ. There are links to two popular on-line restaurant guides that will help you find the restaurant you’re looking for. Or you can email the link to your visiting friends and relatives that are asking you for recommendations. Has maps, addresses, tel/fax numbers, etc.

Presentation Download: Post-WTO Opportunities in VN ICT Market
If you missed the “Post-WTO Opportunities in Vietnam’s Information/Communications Technolgy Market,” Click the link to download and view the powerpoint presentations. One bit of advice: make sure you are using legal software in your company.

Presentation Download: Consumer Spending Trends in Vietnam
If you missed this one, Click the link to download and view the 2005 powerpoint presentations. The 2006 version will be uploaded as soon as we receive it from Ralf. This one is a big file, so we had to break it into four parts. Download them all, and then use your Adobe Acrobat to open and combine the four parts into one file.

Sec 911 – Housing cost amount eligible for exclusion or deduction – U.S. Citizens
The U.S. Treasury Department issued a notice concerning housing costs eligible for exclusion or deduction by U.S. citizens and Permanent Residents receiving overseas earned income.

AmCham Scholarship Program 2006
The deadline for applications was October 10. Over 800 application forms have been downloaded from www.amchamvietnam.com, and about 500 completed applications received. In partnership with National University of Ho Chi Minh City (NUH), AmCham will grant scholarships to 20 top students of NUH including: University of Polytechnique, University of Natural Sciences, University of Social Sciences and Humanities, Faculty of Economics. Click the above link for more information about this program, which is managed by AmCham’s Human Resources Committee.

American Franchise Business Opportunities in HCM City
On Oct 30-31, the famous training firm, Dale Carnegie, will visit meet with interested companies to find partners to develop their master franchise business in Vietnam. Earlier in October, many AmCham members met with U.S. Commercial Service and franchise firms when they visited Oct 5 (Office 1 Super Store), and Oct 2-3 (Hard Rock Cafe).

Looking for information on AmCham members? Click here to visit the Online Membership Directory. We now have 325 member and associate companies, with over 600 representatives of those companies.

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 www.amchamvietnam.com member listing up to date.

Review your Benefits and Services, and learn how you can benefit from Networking Online, with about 66,000 visitors and 120,000 page-views per month to www.amchamvietnam.com.

Weather in Vietnam and Western Pacific
Get weather updates and view approaching typhoons from links on this page (satellite views, current and forecast weather, 5-year averages). A new link provides detailed information on 2006 West Pacific Typhoon Season.

Speakeasy Speed Test Click on the SPEED TEST image to test your internet connection speed. By measuring the download and upload rate you are able to accurately judge your current line throughput or internet connection speed.

Try it now to see how if your internet connection measures up.

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