Weekly Update Feb 16 Member Survey, Feb 25 Special Lunch, 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.

Special Lunch RE: Prime Minister’s Administrative Reform (Hanoi event) Minister and Chairman of the Office of Government, Mr. Nguyen Xuan Phuc, will present the ongoing effort by the Government to actively cut down on existing bureaucratic procedures that are causing obstacles for business activities.

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.

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.

The annual print version of our Membership Directory 2009 will be delivered to members in early March. In the meantime, please visit our Online Membership Directory, which you can search by company name or by industry sector. If you need to update your company information or personal information at any time during the year. Please send us an email.

All upcoming events …

News and Issues Updates

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

Vietnam Education Foundation Announces New Chairman of the Board VEF was created as a special initiative by the U.S. Congress to bring the United States and Vietnam closer through educational exchanges related to science, engineering, mathematics, medicine, and technology. As its flagship activity, the VEF Fellowship program has placed 267 Fellows at 68 top U.S. graduate schools, mostly for doctoral degrees.

World Bank announces new country director for Vietnam Her first priority is to focus on strategic leadership of the Vietnam program and implementation of the large-scale International Development Association (IDA) program and the transition to the International Bank for Reconstruction and Development (IBRD) including both lending and analytic activities.

Vietnam: Automakers running out of gas In Jan, all suffered declining sales, totalling just 3,852 vehicles on the month, a plunge of 68% compared to Jan 2008, according to the Viet Nam Automobile Manufacturers Association (VAMA). There are about 1.3 million privately-owned cars on the nation’s roads, compared to over 25 million motorbikes.

NY Philharmonic to visit Vietnam Oct 16-17 on Asia Tour The orchestra will play concerts in Hanoi on Oct. 16 and 17. It will also visit Tokyo, Singapore and perhaps Bangkok, but dates for those performances have not been announced.

Vietnam detains two in corruption case involving Japanese ODA A government report, citing files sent from a district court in Tokyo, said Japanese executives from a Tokyo-based consultancy bribed Si with a total of $ 2.6 million in return for consulting contracts in 2001-2003 on the $ 660 million highway project that used about $ 428 million in Japanese loans.

Intel’s Vietnam plant in Saigon Hi-Tech Park on track despite slowdown Intel Corp will finish building a $ 1 billion assembly and test plant in Vietnam by the year-end and start production in 2010 despite a sharp fall in global demand for personal computers. Last month Intel announced the closure of similar assembly test facilities in Malaysia and the Philippines, which were older factories and decisions on their future would have been taken anyway at some point. “But it got accelerated because of the economic situation.”

Vietnam aims to become regional electronics producer However, the biggest challenge for the electronics industry is capital. Shortage of capital causes difficulties in importing materials in a sector in which most necessary materials are imported, and also means poor infrastructure, including a lack of qualified testing laboratories and research and development centres.

Vietnam delays personal income tax collection to spur spending Vietnam will delay the collection of personal income tax until the end of May to help stimulate spending amid the global economic crisis. The National Assembly will decide then if the payments will be waived completely or just delayed and collected in June.

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.

Click this link to read these and more 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.

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