Weekly Update 2006-11-06 Typhoon downgraded; Nov 7 WTO meeting; President’s visit

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

11th Annual Governors’ Ball – December 9, 2006
The AmCham Board of Governors cordially invite you to the 11th Annual AmCham Governors’ Ball, to be held on Saturday, December 9, 2006 in the elegant Park Hyatt Saigon Hotel. Click on the link for information and to register online. Tickets are limited, so please make your reservations early to avoid disappointment.

Typhoon downgraded to tropical depression
“Typhoon Cimaron” may be downgraded to a “tropical depression” by the time it finally reaches Vietnam on Mon, Nov 6 or Tue, Nov 7. Maximum sustained wind speeds have dropped from 95 knots (175 km/h) last Monday to 35 knots (65 km/hr) as of Sun, Nov 6. After turning North in the middle of last week, the typhoon turned around and headed South, and is now heading slowly West South West. Click here for www.amchamvietnam.com weather links with the latest satellite photos and predicted storm tracks.

Nov 7 WTO General Council to approve Vietnam’s accession
Deputy Prime Minister Kiem and Trade Minister Truong Dinh Tuyen led a large delegation to Geneva to participate in the Nov 7 WTO General Council meeting to approve Vietnam’s WTO accession. 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.

The business impact of WTO accession is beginning to appear in the news: Texas Pacific Group and Intel Capital invested US$ 36.5 million for a 10% share of FPT, while Microsoft is working with government agencies and state-owned enterprises to help them purchase legal software. Make sure your software is legal.

Apparel Committee Workshop on post-WTO apparel business environment
Vietnam is on-track to become a WTO member by Jan 2007. But when will PNTR be approved? What will quotas on apparel exports to the U.S. be removed? What about the anti-dumping risk? The Apparel Committee is organizing a “workshop” on key issues that will affect the textile and apparel industry in Vietnam. Please click on the link for more information and to request an invitation.

Georgetown University 2006 Terrorism Outlook Survey
How does the global threat of terrorism impact your operations? A Georgetown University MBA team invites you to participate in a survey to get a well-informed view on what your peers and competitors are thinking and doing in response to the global threat of terrorism. Click here to participate in the survey now

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.

AmCham Webmaster’s Computing Tips: Web Browsers
The browser is the most important piece of software on most people’s computers. Your browser shapes the way you use the internet, affecting your methods of gathering information and the speed and ease with which you collect it. And since the top browsers are free, there’s no reason not to shop around. Read the reviews, download and install the browsers (it’s automatic), then try them to see which one you prefer.

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: Consumer Spending Trends in Vietnam
If you missed this one, Click the link to download and view both the 2006 and 2005 powerpoint presentations. Download the parts, then use your Adobe 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 200 applicants took the second step in the selection process this 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.

AmCham Events and Committee Meetings
Click the 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 and Vietnam Related News
Click the link for news highlights: personal income tax bill, summary of Vietnam’s WTO commitments, speedy trial in ABN-Amro Bank case, and more.

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

Other Chambers in Ho Chi Minh City. Click the link see other events in HCMC.

Other AmChams in the Asia/Pacific Region Click this link ff 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.

Benefits and Services
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.