Weekly Update Feb 8: Price Controls? TET Lunar New Year Festival

Latest updates on H1N1/A Flu from U.S. Center for Disease Control, U.S. Department of State (Travel), and World Health Organization (WHO)

Tu, Jan 26 US Importers Security Filing is Mandatory; Penalties for Failure to File

Summary of Comments Jan 25, 2010 on Revised Labour Code, Draft 2, Nov 2009

AmCham Comment on Draft Circular on Price Registration and Stabilization

Tu, Feb 9 Why Price Controls Don’t Work, … but could negatively affect YOUR business.

Mo, Feb 15, 2010: Application Deadline – Intel Vietnam Study Abroad Program 2010-2012

We-Sa, Apr 14-17, APCAC Spring Conference – Beijing, China

Mo-Tu, Apr 19-20 Asia/Pacific Business Outlook 2010 – Los Angeles


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Events, Meetings, Activities, and Special Offers for Members

Tu, Jan 26 New US Import Requirement Effective U.S. importers must file a mandatory “Importer Security Filing” 24 hours before loading a U.S. bound vessel. Failure to file a “timely, complete and/or accurate” ISF transmission could result in increased inspections, delay of cargo, and monetary penalties (liquidated damages of $ 5000 for each violation).

Tu, Feb 9 Why Price Controls Don’t Work, … but they they could negatively affect YOUR business. Join us for this informative update.

Project 30, Administrative Procedures Review (2nd Round) The Prime Minister’s high profile campaign to simplify administrative procedures (“APs”) for businesses, is entering its final phase, when businesses will have one final opportunity to recommend burdensome APs be abolished. Click the link to provide your feedback and input about which APs AmCham should recommend be revised or abolished.

Feb 6-28, Legendary Tet Package at Legend Hotel Saigon Priced at only VND 2,451,000 ++ per night for single/double occupancy in a Deluxe Room for a minimum two night stay, the package includes complimentary buffet breakfast at the renowned Atrium Café, welcome drink, fruit basket, local phone calls, high-speed internet, use of Fitness Center and Swimming Pool, hotel-city shuttle service and local English newspaper.

Feb 13-16 Valentine’s Day and Tet Celebration at Legend Hotel Saigon This year Valentine’s Day falls on the first day of Lunar New Year (Tet), making it the most romantic Tet holiday. Celebrate this biggest festival of lovers and the most important holiday of Vietnamese people with the most spectacular buffets in Ho Chi Minh City.

Feb 8-28 TET Lunar New Year and Valentine’s Day at the Sheraton Saigon Hotel Celebrate TET from Feb 8-28, and a special Valentine’s Day on Feb 14. A double celebration is better when shared. Enjoy a traditional Yee Sang menu at Li Bai in a genuine TET inspiration. On Valentine’s Day, enjoy a candle-lit dinner 23 floors above the city at the Signature Restaurant …

Su, Feb 14, Be Mine this Valentine! at the Caravelle Hotel. Enjoy Caravelle’s distinctly Saigonese tradition, Best of British Afternoon Tea (Ground Floor, Lobby Lounge, 12:00 – 17:00), Special Valentine Buffet Dinner (Ground Floor, Restaurant Nineteen, 18:00 – 22:00), or Special Eight-course Valentine Dinner soothed by candle light and live piano music (3rd Floor, Reflections, 18:00 – 23:00).

Feb 14, Celebrate Valentine’s Day with your loved ones at Park Hyatt Saigon Impress that special someone with a Prosecco Brunch at Opera. For dinner, choose A Private Dinner at Opera, designed meticulously by Chef Michele Gulizzi. Alternatively, choose A Distinctive Evening for Two at Square One on Valentine’s Day, with Chef Benjamin Attwater’s very own Valentine’s Day menu. And enjoy Tet, an occasion to celebrate and a time for people to gather and enjoy traditional food with family and loved ones in a cosy atmosphere. To mark the year of the Tiger, Square One restaurant is offering a special Sharing Set Menu available from 15 to 20 February 2010.

Feb 15, 2010: Application Deadline – Intel Vietnam Study Abroad Program 2010-2012 Students selected for the Intel Vietnam Study Abroad Program will be destined to become future leaders with Intel and play an important role in this fast-changing country. Intel and PSU are seeking students with strong academic performance, English capacity, and desire to learn and grow. Above all, we want individuals who are committed to making a difference with Intel in Vietnam.

Su-We, Feb 14-17 TET Lunar New Year – Year of the Tiger Click on the link to learn more about this holiday and TET customs in Vietnam, the Lunar Year calendar. Traditionally there are four main holidays: TET Eve (Sat, Feb 13), and The First (Sun, Feb 14), Second (Mon, Feb 15), and Third (Tue, Feb 16) Days of TET Nguyen Dan. Since Feb 14 is a Sun, offices will be closed officially for the four days: Mo-Th, Feb 15-18.

We-Sa, Apr 14-17, APCAC Spring Conference – Beijing, China Whether you live in Beijing or Bangladesh, Seoul or Singapore, what happens in China impacts your business. The China-ASEAN Free Trade Area, China’s outbound FDI, and Internet phenomena such as Taobao and Baidu all greatly impact the Asia-Pacific economy. Every year, the Asia-Pacific Council of American Chambers of Commerce (APCAC) hosts a meeting that highlights investment opportunities, macro-economic trends, political and social developments, and offers opportunities to engage with business and government leaders from the region.

APBO 2010 Asia/Pacific Business Outlook 2010 Mo-Tu, Apr 19-20 Asia/Pacific Business Outlook 2010 in Los Angeles. Access 15 Asia/Pacific Markets in 2 days! If you are doing business in the Asia/Pacific region, this is the one conference you can’t afford to miss. Find answers to your questions on 15 economies by choosing from 60 focused sessions and private one-on-one consultations. Get the latest information and connect with experts and insiders.

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

Revised Labour Code, Draft 2, Nov 2009, including the Vietnamese version and an English translation, which is currently posted on the government website for public comment.

Draft Circular on Price Registration and Stabilization, which is currently posted on the government website for public comment.

Tu, Jan 26 US Importers Security Filing (ISF) Becomes Mandatory; penalties for failure to file.

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

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 link to download the How to Meet Challenges Facing Your U.S. Importer Customer, Jan 15, 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 over 450 AmCham companies, and over 900 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).