Weekly Update Aug 20: Dong Nai Bridge, Members Night (Sep 13), Leadership in Asia (Sep 19)

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

Tue, Aug 21, Direct Selling Committee
Review template/sample Code of Ethics and develop as a committee a localized version, status of committee staff support.

Fri, Aug 24, Human Resources Committee
Regular monthly meeting. Update of issues and preparations for the AmCham Scholarship Program 2007.

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).

Thu, Sep 13, Members Night: Meet the U.S. Consulate General
Meet the new Consul General and other newly arrived officers. Introductions and brief from the U.S. Consulate General. Cockail reception with networking opportunties with over 100 members. Spouses and guests are we!ome and encouraged to attend !

Mon-Tue, Sep 17-18, Vietnam-U.S. ICT Commercial Dialogue
A dialogue will be between government-to-government, business-to-business, and combined governments to business, with a focus on trade and investment promotion in the ICT industries. Click the link for more information.

Wed, Sep 19, Lunch: Leadership in Asia
Leadership is perhaps the greatest challenge of any business career. But how should a leader behave in the Asian cultural context? How to navigate differing behavioral norms or deal with the ethical issues that can arise? Prof. DeKrey will share real life experiences of Asia’s unique leadership challenge. Whether you are a seasoned business leader or on your first assignment to Asia, you will gain insight into the practical issues of leadership in the Asian context. Click the link for information and to register online.

Tue-Wed, Oct 30-31. Southern Economic Zone Investment Mart 2007
In a unified effort of the provinces in the Southern Economic Zone, the Investment and Trade Promotion Center of HCM City, together with all the provinces, will organize a two-day conference for international investors to consider investment and business opportunities in the region. Click the link for background, schedule, registration and sponsorship.

Nov – U.S. Commerce Secretary to lead Business Development Mission
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.

Sun-Wed, Nov 11-14, AmCham Singapore Business Development Mission to HCM City
Members of AmCham Singapore visit HCM City to explore business opportunities. 90% of AmCham Singapore members have regional responsibilities in Southeast Asia.

News and Issues Updates

Click this link for these and more News Highlights

Weather – Tropical depressions, storms, and typhoons
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.

Vinacapital launches Vietnam Infrastructure Fund
According to the World Bank, Vietnam will need to invest $ 140 billion in infrastructure over the next five years. Vietnam’s rapid growth over the last decade has placed increasing strains on its ageing infrastructure with demand fast outstripping supply.

Ho Chi Minh Golf Trail
“It’s close to being the most diverse landscape I’ve ever seen. Vietnam just has it all, from the most beautiful, tropical waters you can imagine in places like Phu Quoc and Phan Thiet to Sapa in the Tonkinese Alps, which top out with 8,000-foot peaks. There are compelling cityscapes, then you’ve got a place like Dalat, which is similar to the foothills of the High Sierras. It’s beyond exotic.”

Vietnam Hotel Survey 2007 reports record growth
Net income as a percentage of revenue of four – and five-star hotels was 21.1% and 39.7%. Foreign visitor arrivals in 2006 reached 3.6mil, of these, 22.7% were business travelers, and 59.9%, tourists.

New terminal opens at Ho Chi Minh City’s Tan Son Nhat International Airport
The new terminal will serve all the 35 international airlines that are using the existing terminal, which will be for domestic flights only. The terminal project, which started construction in August 2004, cost a total of some VND3.2 trillion (US$ 200 million), and will be able to handle eight to 10 million passengers a year when in full service.

U.S. firm to design township project in Ho Chi Minh City
About US$ 3-5 billion would be needed to develop the township northwest of Hoc Mon District and about 20 kilometers from downtown Ho Chi Minh City. The U.S. firm, HOK International, a St. Louis-based global architectural design firm, designed Oriole Park at Camden Yards (for the Baltimore Orioles) and the U.S. National Air & Space Museum, the world’s most-visited mueum.

Saigontourist targets 2,000 more deluxe rooms in 5 years
Last year, the company welcomed around 1.5 million tourists, up 1.6% on the previous year, and obtained total revenue of nearly VND5.2 trillion, up 13% year-on-year. There are currently 25,500 hotel rooms of three- to five-star rating throughout the country, and 6,500 out of the number in Ho Chi Minh City alone.

Dong Nai Bridge Traffic Diversion to start Aug 20
Beginning August 20, vehicles seating seven passengers or less and heading towards Ho Chi Minh City will be diverted to the Hoa An bridge, also located in Bien Hoa city.

Dong Nai Bridge may collapse at any time
The 43-year-old Dong Nai Bridge, connecting three industrial hubs—Ho Chi Minh City, Dong Nai, Binh Duong—can collapse any time, an official has warned. It is ” … safe, unless overloaded … ,” according to the Ministry of Transport.

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

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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.