Weekly Update 2006-10-30 Typhoon warning; WTO accession; President’s Visit

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

Cimaron – Super Typhoon 22 Approaching Vietnam
Another typhoon may hit Vietnam in the next few days. Named Cimaron, the super typhoon had sustained wind speeds of 95 knots (175 km/h), gusting to 115 knots (213 km/h) at 7:00am Vietnam time on Mon, Oct 30. Click here for www.amchamvietnam.com weather links with the latest satellite photos and predicted storm tracks.

Update and Background on PNTR Legislation and WTO Accession
WTO members negotiating the terms of Viet Nam’s membership completed their task on 26 October 2006 by accepting the documents spelling out Viet Nam’s commitments and rights. The documents will now go to the full membership in the General Council, which will meet on 7 November, to decide on accepting Viet Nam. Expected next steps:

  • Nov 07 General Council special meeting to approve the agreement
  • Dec 05 Vietnam ratifies the agreement
  • Dec … Viet Nam informs the WTO that it has ratified the agreement
  • Jan … 30 days after the notification to the WTO, Viet Nam becomes a WTO member.

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.”

President Bush to attend Nov 18-19 APEC Meeting in Hanoi, visit HCMC, Singapore, and Indonesia
President Bush will travel to Hanoi to attend the APEC Leaders’ Meeting on Nov 18-19, according to the White House Press Office. The President will have meetings with President Triet and Prime Minister Dung in Hanoi on Nov 17, and will hold bilateral meetings with other leaders while at APEC. While in Vietnam, President Bush will visit Ho Chi Minh City. The President also will travel to Singapore and Indonesia during his trip.

Event Presentations and Downloads
Did you miss an AmCham event? Were you there but wanted to have a copy of the presentation? Didn’t get the business card of the person you were talking with? Now you can download the presentations by clicking on the above link. Also, you can see a list of people that attended the event, with links to their company contact information.

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
Nearly 172 applicants will be take the second step in the selection process this coming weekend – the English language test sponsored and administered by Apollo Eduction and Training. 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.

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.

Please click the AmCham Events and Committee Meetings 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.

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.