Weekly Update Aug 16: Project 30, TPP, Palooza, Ports & Infrastructure

Fr, Aug 20 Meeting for Comments on Draft Decree to Revise Decree 108/2006/ND-CP re Investment Law

We, Aug 25 AmCham Young Professionals Palooza Party

Tu, Sep 7 Pre-Employment Screening in Vietnam

Project 30: Administrative Procedures Reform: Update (Jul 20, 2010)

Two Web Sites for Overseas U.S. Voters: Online Voter Registration & Ballot Delivery

Vietnam and the TPP Trans-Pacific Partnership Trade Agreement

Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure

Events, Meetings, Activities, and Special Offers for Members

Fri, Aug 20 Meeting for Comments on Draft Decree to Revise Decree 108/2006/ND-CP re Investment Law Members of AmCham’s Legal and VBF Liaison Committee are invited to the 2nd consultation on the said Decree in Ho Chi Minh City.

Mo- Su, Aug 16-29 Sweet & Savory Crepes at Caravelle At the Saigon Saigon Bar choose from buckwheat or Flemish-style Crepes with an array of fillings. Garlic sausage and potatoes, roasted tomatoes and spinach, smoked salmon, sour cream and dill are among the savory options. For dessert crepes enjoy with caramelized apple wedges and icing sugar or sautéed bananas, whipped cream and marble syrup.

New musical talent in town at InterContinental Hotel Visit Purple Jade and enjoy the musical talents of famous Canadian singer Karen Manion, who sings your favorite hits from today and days gone by. She joins us from stages from London to Niagara and from Toronto to all corners of South East Asia.

We, Aug 25 AmCham Young Professionals Palooza Party A platform to develop new friendships, networking opportunities and information exchange.

Tu, Sep 7 Pre-Employment Screening in Vietnam Over 96% of HR professionals in the U.S. report that their companies do pre-employment checks of new employees, up from 66% in 1996.

Project 30: Administrative Procedures Reform: Update (July 20, 2010) Vietnamese citizens and businesses have high expectations for Project 30 with its enormous target of reducing administrative procedures (APs) to save AP compliance costs, ensure openness and transparency of the administrative system, and to overcome needless and costly red tape.

Two Web Sites for Overseas U.S. Voters: Online Voter Registration & Ballot Delivery

Plan ahead. Click here to see all upcoming Events and Committee Meetings

Stay informed about Vietnam-U.S. trade and investment with Weekly Updates (Past Issues).

News and Issues Updates

FDI in China looks to Southeast Asia As China loses its cost advantages due to recent labour unrest and rising wages, Vietnam has a big opportunity to become a low-cost alternative for manufacturing. But, it is also in fierce competition with other South East Asian nations.

Boycott fear forces Vedan to pay for polluting Thi Vai River over 14 years Consumers succeed where governments failed as Vedan capitulates on compensation demand. The Taiwanese MSG maker has committed to paying farmers in Ho Chi Minh City and the southern province of Ba Ria-Vung Tau compensation of VND45.7 billion (US$ 2.39 million) and VND53.6 billion ($ 2.8 million) respectively. And offered Dong Nai farmers nearly VND119.6 billion ($ 6.26 million).

Vietnam demands China cease island grab in the Hoang Sa Archipelago (Paracel Islands) Ministry of Foreign Affairs Spokesperson says China is violating Vietnam’s Exclusive Economic Zone (EEZ) of 200 nautical miles, under the UN Convention on Law of the Sea, and the Declaration on the Conduct of Parties in the South China Sea (DOC) signed in 2002.

Vietnam, US enhance naval ties The visiting destroyer USS John S. McCain was a highlight of the week of cooperative exercises between the US and Vietnamese Navies in the East Sea.

Most of Vietnam’s major projects managed by Chinese contractors Vietnamese companies are rarely sub-contracted by the Chinese firms, who are known for importing labor and materials, and control 90 percent of Vietnam’s Engineering – Procurement -Construction projects.

Russian President Dmitry Medvedev will visit Vietnam to attend the ASEAN Summit Oct 29-31. Vietnam is Chair of ASEAN in 2010.

Malaysian Cabinet Gives Green Light to Join TPP (Trans-Pacific Partnership) Agreement Talks The Malaysian Government has communicated its interest to TPP members, and is now in the process of conducting bilateral consultations with those current TPP members to address any concerns they might have.

Introduction to Nadcap (National Defense & Aerospace Accreditation Program With high-technology, modern manufacturing industries increasingly visiting Vietnam to consider FDI for production of aerospace and automotive parts, the Nadcap accreditation program will be important. Nadcap is a unique cooperative industry effort to improve quality, while reducing costs, for quality assurance throughout the aerospace and defense industries. Nadacp is the leading worldwide cooperative program of major companies, together with their suppliers, designed to manage a cost-effective consensus approach to special processes and products, and to provide continual improvement within the aerospace and automotive industries.

U.S., Vietnam in Nuclear Fuel and Technology Talks Vietnam and the U.S. signed an initial memorandum of understanding in 2001 to pursue cooperation on securing fissile materials and developing civilian nuclear power. In recent months, talks have accelerated, aimed at completing a deal to allow for the exchange of know-how and cooperation in security, storage and educational areas.

High-ranking Vietnamese officers visit US aircraft carrier in Eastern Sea The supercarrier USS George Washington cruised Sunday in the Eastern Sea, about 200 miles (320 kilometers) off the central coast city of Danang, came to Vietnam following four days of high-profile military exercises last month with South Korea.

Clinton urges legal resolution of Eastern Sea Dispute: says claimants should pursue their disputes in accordance with the United Nations Convention on the Law of the Sea rather than through coercion.

Vietnam and the Trans-Pacific Partnership (TPP) Trade Agreement) The TPP negotiating partners currently include Australia, Brunei Darussalam, Chile, New Zealand, Peru, Singapore, Vietnam, and the United States. U.S. participation in the TPP Agreement is predicated on the shared objective of expanding this initial group to additional countries throughout the Asia-Pacific region, and several have already expressed interest in potentially participating in the agreement. Malaysia has official requested to join the TPP negotiations.

Vietnam’s Socio-Economic Development Strategy for 2011-2020 Essential reading for any serious student of Vietnam’s policy formation process, and an important public document designed to frame informed debate. It is a key step in the preparation for the eleventh national congress of the ruling Party that will convene in January 2011.

Click this link to read News Highlights: Business, Trade, and Investment in Vietnam and Asia.

Last week’s most popular links to events and articles

Mo, Aug 9 Wharton Full-Time MBA Admissions Presentation
We, Aug 25, Young Professionals Palooza Party
Thu, Aug 12 How to meet new U.S. import requirements
Vietnam and TPP Trans-Pacific Partnership Trade Promotion Agreement
Ho Chi Minh City and Southern Key Economic Region: Ports, Industrial Parks, and Other Infrastructure
Project 30 Update: Resolution No. 25/NQ-CP, Jun 2, 2010 and AmCham Project 30 WG Review
High-ranking Vietnamese officers visit US aircraft carrier in Eastern Sea

Recent Events and Information Resources on AmCham Web Site

Event Presentations 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.

Click the following links to download the

Project 30 Updates: Prime Minister’s Advisory Council on Administrative Procedures Reform, Jun 15, 2010.

“China Plus One = Vietnam and ASEAN Presentation at Asia-Pacific Business Outlook, Apr 19, 2010.

Real Estate Market Update Presentation by CBRE Vietnam at Real Estate Networking Night, Apr 21, 2010.

Bitexco Financial Tower in HCM City Presentation by Turner International at Real Estate Networking Night, Apr 21, 2010.

Online Membership Directory Looking for information on AmCham companies? Click here to browse the Online Membership Directory for information about and contact points for nearly 500 AmCham companies, and over 1,000 representatives. Members can contact other members by email via the AmCham web site. Also, links to company web sites for even more information about AmCham companies in Ho Chi Minh City.

Benefits and Services Review AmCham benefits and services and learn how you can benefit from Networking Online, with over 100,000 visitors and 260,000 page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email Early each week, AmCham’s Weekly Update email goes out to over 1,000 representatives of nearly 500 AmCham companies, plus over 3,500 subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

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