Weekly Update Feb 09: Dalat Weekend, Member Survey, APCAC Conference in Singapore

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

Upcoming Events and Activities

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

Member Survey 2009 Participate in a short online, multiple-choice survey about AmCham activities and benefits. It will take only about six or seven minutes to complete. Click the link to take this short online survey and help us improve our member service.

Sa Feb 14 Be My Valentine! Enjoy Valentine’s Day with your special someone by indulging in the specials at the Caravelle Hotel: Nineteen’s buffet, Reflection’s “Love at First Sight,” Lobby Lounge, and Saigon, Saigon Bar.

Summer Mencher 170pxSummer Mencher at the Park Hyatt Lounge. Park Hyatt Saigon is delighted to introduce Summer Mencher from San Diego, USA, who will provide live entertainment in the Park Lounge every evening (except Tue) until 13 April 2009.

Request for Comment re proposed Trans-Pacific Partnership Free Trade Agreement The United States intends to initiate negotiations on a Trans-Pacific Partnership free trade agreement with Singapore, Chile, New Zealand, Brunei Darussalam, Australia, Peru and Vietnam. The interagency Trade Policy Staff Committee (TPSC) will convene a public hearing and seek public comment to assist the United States Trade Representative (USTR) in amplifying and clarifying negotiating objectives for the proposed agreements and to provide advice on how specific goods and services and other matters should be treated under the proposed agreement.

Mar 19-21 APCAC Conference 2009: The Future of U.S.-Asia Relations: A Blueprint for the New Administration. Organized by AmCham Singapore for the Asia-Pacific Council of American Chambers of Commerce. Around 350 business leaders from Singapore, the U.S. and around the region will address issues of common interests and it will be an excellent opportunity for participants to network, pick up business insights, and play a role in the shaping of the future of U.S-Asia relations.

Asia/Pacific Business Outlook 2009 USC Los Angeles Expand your Asia/Pacific business knowledge, contacts, and profits. If you’re doing business in the Asia/Pacific region, the Apr 6-7 Asia/Pacific Business Outlook is the one conference you can’t afford to miss. Business leaders and U.S. Senior Commercial Officers from across the region meet you at USC’s Marshall School of Business in Los Angeles.

Apr 22-24 Asia Society Corporate Conference in Ho Chi Minh City How is the Asia-Pacific region addressing the challenges of the financial crisis and how will Vietnam weather the impact of the current global economic dislocation? Join government leaders, key decision-makers and industry experts from the international business community to discuss the impact of the global financial crisis on Asian economies, especially Vietnam.

All upcoming events …

News and Issues Updates

Pittsburgh Regional Alliance to Visit Vietnam The Regional Alliance, which works to attract new companies to the region, is sponsoring the mission. It has planned stops in the Vietnamese capital of Ha Noi, at Ho Chi Minh City, formerly Saigon, and Da Nang, which last year established a “sister” city relationship with Pittsburgh.

Vietnam wants to open market to private telecom providers The reason for this rethinking of policy is that local private companies may not be interested in this market because of the high capital expenditure and lower rates of return compared with other service-based businesses.

Secretary of State Hillary Rodham Clinton’s Travel to Asia. She will visit Japan (Feb 16-18), Indonesia (Feb 18-19), the Republic of Korea (Feb 19-20), and China (Feb 20-22).

U.S. Consumers Keep Recovery at Bay Consumer spending is under pressure as personal income continues to slump and battered Americans shift into savings mode. The savings rate rose to 3.6% of after-tax income; economists say it could hit double digits by year’s end. Weak customer demand is likely to continue for the next several months, as the U.S. unemployment rate, currently 7.2%, is projected to approach double digits by year’s end.

Legal Committee: WTO Dispute Settlement: 1995 – Nov 2007 Now that Vietnam is a full-fledged member of the WTO, the possibility of using the dispute resolution process to open up foreign markets has become a reality, along with the reciprocal liability of being held to its own commitments

Prime Minister requests harmonious labor relations, stable investment environment, social order Action Plan for the implementation of Directive No. 22-CT/TW dated 05 June 2008 of the Secretariat of the Central Committee on enhancing leadership, providing direction for the development of harmonious, stable and progressive labor relations within enterprises.

Computing Tips: Friends, Until I Delete You (from Facebook) If someone with more than 1,000 friends unfriends me, I get offended. But if someone only has 100 friends, you understand they’re trying to limit it to their intimates. Facebook now has more than 150 million members.

Computing Tips: “Amazing” Downadup worm (Conficker) has infected 10 million PCs The Downadup worm, also called Conficker, had infected an estimated 10 million PCs worldwide by Jan 23, and security experts say they expect to see a dangerous second-stage payload dropped soon. It has the potential to infect about 30% of Windows systems online, a potential 300 to 350 million PCs. How to protect your Windows PC.

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

Information Resources on AmCham Web Site www.amchamvietnam.com

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.

Photos from Governors Ball – online

Online Directory Looking for information on AmCham companies? Click here to browse the Online Directory for information about and contact points for over 450 AmCham companies, and over 900 representatives. Also with links to 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 250,000 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 900 representatives of over 450 AmCham companies, plus thousands of subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

Computing Tips from the AmCham Webmaster

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