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.

Tue, Aug 28, Information Technology Group Meeting
Please join the AmCham ICT Group for an informative presentation and discussion on concepts, advice, guidance, and planning for Information Security according world’s best practice (ISO27001 standard).

U.S. Commerce Secretary to lead Business Development Mission to Vietnam
U.S. Commerce Secretary Carlos M. Gutierrez announced he will lead a business development mission to Vietnam in late 2007. The mission will highlight export opportunities for U.S. businesses, and is the first Secretarial Business Development mission to visit Vietnam.

News and Issues Updates

Click this link for these and more News Highlights.

Vietnam to become Southeast Asia’s fastest growing contract manufacturing hub
A June 2007 report by industry research group iSuppli predicts that contract manufacturing in Vietnam will grow more than 100% annually between 2006 and 2011—from $ 36 million in 2006 to as much as $ 1.8 billion by 2011 as more major manufacturers move in.

Vietnam’s higher hotel prices reduce number of tourists
In the first 6 months of this year, occupancy rate at Vietnamese hotels has averaged 90-95 percent. In Ho Chi Minh City the figure is 99 percent, with most high-end hotels full.

World Bank President Zoellick to Visit Hanoi, Aug 5-7
After visiting Australia for the APEC Finance Ministers meeting, he will come to Vietnam to hold talks with officials, business leaders and members of civil society organizations. He will travel to rural areas to see development projects and meet people who have benefited from Bank support. “Vietnam is a great development story from which many other developing countries can learn,” Mr. Zoellick said. “I want to listen and learn how the Government has used the money and development expertise. It is one of the most powerful examples of how IDA supports the work of all donors and development partners.”

Dengue Fever Fact Sheet from U.S. Consulate General, Ho Chi Minh City
Dengue Fever occurs throughout Vietnam, with the greatest number of cases in the southern part of the country. Although Dengue Fever occurs year-round in Vietnam, it peaks in the hot rainy months of July and August. There is no vaccine or medicine against Dengue Fever. The only way to prevent it is to avoid being bitten by Aedes mosquitoes.

Cargill Cares inaugurates elementary school in An Giang Province
Cargill Cares Vietnam just inaugurated an 11-classroom elementary school located in My An hamlet, Cho Moi district, An Giang province. This school provides education to 320 students.

FCG Vietnam chosen by SAP Asia Pacific as All-in-One Solution Provider
SAP Asia Pacific announced that it has named FCG Vietnam, a wholly-owned subsidiary of First Consulting Group (FCG) (NASDAQ:FCGI), as a SAP All – In – One solution partner. FCG Vietnam will sell and implement SAP’s powerful and affordable All-in-One solution to deliver value-added services for small and midsize enterprises in Vietnam.

More news you can use

Event Presentations, Downloads, and PHOTO ALBUMS
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. Download the AmCham HCMC Board of Governors Report on

Click the above link to download

  • July 13-14 Nike Apparel Sale for Charity PHOTO ALBUM
  • June 30 AmCham Independence Day & Family Picnic PHOTO ALBUM
  • May 30 Vietnam Business Forum Presentations, and more

Online Membership Directory
Looking for information on AmCham members? Click here to browse the Online Membership Directory for information about and contact points for our 400 member and associate companies, and about 800 representatives. Also with links to their company web sites for even more information about American and international businesses in Ho Chi Minh City.

Benefits and Services
Review AmCham benefits and services and learn how you can benefit from Networking Online, with about 100,000 visitors and 200,000 page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email
Every Monday or Tuesday, AmCham’s Weekly Update email goes out to nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

Tips and hints from the AmCham webmaster

Not receiving AmCham’s weekly update emails? Then, please check your spam of junk mail folder. To insure that you receive all future communication from AmCham, please add our email address to your address and your safe list or “white list” (if applicable).

Computing Tips: Taking your small business online
Discover the many reasons a business develops a Web site and learn to identify the type of site that’s right for your business. Learn to make key decisions for taking your business online and understand the various options available to you.

Computing Tips: Facebook – the online social network
Facebook is a social utility that connects people with friends and others who work, study and live around them. More then 25 million people use Facebook to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. Microsoft is Facebook’s biggest business partner. Last year it contracted to broker banner ads for Facebook, reportedly guaranteeing a minimum of US$ 100 million a year through 2011. Click the link to see what it’s all about, and register to visit the networks for Vietnam, HCM City, etc. 27 Jun 07.

Computing Tips: LinkedIn – the online business network
Your professional relationships are key to your professional success. LinkedIn is an online network of more than 11 million experienced professionals from around the world as of June 2007, representing 150 industries. When you join, you create a profile that summarizes your professional accomplishments. Your profile helps you find and be found by former colleagues, clients, and partners. Click the link to get started. 27 Jun 07.

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. And if you don’t have high-speed cable access, get it now. You can’t afford not to.

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