Weekly Update Jul 20: Palooza Party 7/21, Networking in Danang 7/31, Members Lunch 8/4

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

Lucky Draw Prize Winners, USA Independence Day Celebration & Family BBQ, July 4th, 2009. Click the link to see if you have a winning ticket number, and details about how to pick up your prize.

Events, Meetings, and Activities

Tu, Jul 21 AmCham Young Professionals Palooza Party Come and meet others in HCM City with free food and drink specials.

Fr, Jul 31 Business Roundtable and Networking Night in Da Nang Enjoy a fabulous weekend at the Furama Resort, one of the best resorts in Asia, while you learn about the Central Key Economic Region at the Business Roundtable, followed by a networking cocktail reception with business and political leaders on Friday evening. On Saturday, participants may enjoy optional sightseeing or golf. Return is on Sunday afternoon.

Furama - one of the best resorts in Asia

Jul-Oct 10, Hilary Scott at the Park Hyatt Lounge Park Hyatt Saigon welcomes back Hilary Scott from Missouri, USA, who will provide live entertainment in the Park Lounge every evening, except Tuesdays, from now until 10 October 2009.

Northwest Airlines: promotion for travelers who purchase tickets in July 2009 and depart by 31 Dec 2009 Northwest Airlines (NWA), a wholly-owned subsidiary of Delta Air Lines, is offering a special promotion from HCM City to the USA with very attractive fares: lowest at $ 725 (exclusive of taxes). Moreover, NWA has eliminated its fuel surcharge, making passengers’ trips easier than ever. Call +84 8 7306 6888 or reach our office at Room 201, 2nd Floor, 2A-4A Ton Duc Thang St., Dist 1, HCMC for reservation today. Click the link for more information.

Fall 2009 Intake for University of Hawaii Executive MBA in HCM City Vietnam citizens or foreign nationals living in Vietnam, with an average of 5 to 10 years work experience, are invited to apply for the Fall 2009 intake.

Tu, Aug 4 Lunch: U.S. Consumer Product Safety Requirements (Apparel and Furniture) Learn how the U.S. Consumer Product Safety Commission is working with producers and exporters to reduce and eliminate unsafe goods. The focus of this talk is on apparel and furniture consumer product safety requirements.

Th, Aug 6 Joint Chambers Networking Night Come and meet others in HCM City with complimentary canapes and “happy hour” drink prices. Co-hosted by AusCham, AmCham, BBGV, CanCham, EuroCham, HKBAV, InCham, Nordic Business Association, Malaysia Business Chamber, NZ Chamber.

Tu, Aug 25 AmCham Young Professionals Palooza Party Come and meet others in HCM City with free food and drink specials. The monthly Young Professionals Palooza Party is a platform to develop networking opportunities, information exchange, and new friendships.

AmCham is now on the two most popular social networking sites: facebook, twitter. Click the links for more information.

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

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

“Better than Bali” say investors in Vietnam’s Central Region Vietnam’s Indochina Land began on April 30 selling condominiums and villas at its Hyatt Regency Danang Residences on the beach. Major construction had not yet begun but by late June more than 60 percent of units were sold. Hyatt Regency, JW Marriott, and Crowne Plaza are to manage hotels in the area.

Government passes tough test getting FCPA conviction against Bourke In addition to arguing that Bourke knew of the bribes, prosecutors also said he consciously avoided knowing about them, and that he had stuck his “head in the sand,” a phrase we’re told actually appears in the legislative history of the FCPA. The case is an example of DOJ’s aggressive interpretation of the FCPA’s knowledge standard. Where that standard was a bit vague before, it’s now more clear. And it’s not especially reassuring. ” struck fear in boards of companies across the country.”

Lex Mundi Publishes Best Practices in Preventing Fraud and Corruption in a Global Business (FCPA) Understanding the requirements of the FCPA is critical for in-house counsel of companies that do business internationally. The stakes at risk for FCPA violations are enormous today for both companies and individuals and under-managing or ignoring the risks is simply not an option.

Presention to Supply Chain Community on “Project 30,” July 16, 2009 The Government of Vietnam considers simplification of administrative procedures (Project 30) as a core mission, and a breakthrough in administrative procedures reform from now until end of 2010. Prime Minister is committed to the implementation of the Project 30.

Form 3, Form 3a, Form 3b – Advisory Council for Administrative Procedure Reform (Project 30) Download and review Form 3, 3a, 3b – Advisory Council for Administrative Procedure Reform (Project 30) to prepare for the Tue, July 21 meeting of the Legal & VBF Liaison Committee.

Vietnam caps big banks’ 2009 credit growth at 25% Loans as of the end of June had already risen 17% since the end of 2008, spurring fears about the return of high inflation in the second half of 2009.

WPP / Olgilvy acquires majority stake in T&A Communications, a PR and events company in Vietnam WPP, the advertising group, said it had acquired a majority stake in T&A Communications, a public relations and events company based in Vietnam, for an undisclosed amount.

Vietnam to spend $US 600 million on Cam Ranh airport Vietnam’s Prime Minister has approved a plan to spend up to 600 million dollars upgrading Cam Ranh domestic airport into an international one. The airport, near the tourist resort of Nha Trang, will be expanded to give it a capacity of 5.5 million passengers and 100,000 tonnes of cargo per year.

Click this link to read these and more 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.

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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