Weekly Update Jun 14: U.S. Export-Import Bank Chairman, Independence Day Family Picnic, Palooza

We, Jun 16 U.S. Export-Import Bank Chairman Fred Hochberg

Sa, Jul 3, 2010 American Independence Day Family Picnic

Th, Jul 8 AmCham Young Professionals Palooza Party at Hard Rock Cafe

PM Nguyen Tan Dung asked the central bank to implement measures to reduce interest rates

IMF says Vietnam’s reserves fall to 7 weeks of imports

U.S. Attorney General says more individuals to face bribery charges for violations of the FCPA

Events, Meetings, Activities, and Special Offers for Members

Mo-Su, Jun 14-27 Champs-Élysée Menu at Caravelle Hotel will offer modern diners a taste of the Caravelle’s culinary heritage. Throughout the 1960s and 1970s, the restaurant mostly highlighted only this Champs-Élysée menu with all French classics. The menu leads off with a foie gras, moves on to bouillabaisse and then offers up either a rouget or coq au vin.

Su-Th, Jun 13-17 Washington Doorknock Annual meeting in Washington DC with leaders of the U.S. Government Executive Branch (White House, State, Treasury, Commerce, Homeland Security, U.S. Trade Representative, etc.) and Legislative Branch, both the Senate and the House of Representatives, to discuss issues in U.S. relations with the Asia Pacific region and countries.

We, Jun 16 U.S. Export-Import Bank Chairman Fred Hochberg Learn how the U.S. Export-Import Bank can support your sales of U.S. exports to Vietnam.

Su, Jun 20 Father’s Day at Legend Hotel Saigon Express gratitude towards your very special man for all his love and support with Saigon’s most spectacular buffet and live entertainment by the four-member Jamm’n Essence Band at Legend Hotel Saigon’s renowned Atrium Café, where every father will be presented a special gift.

Sa-Su, Jun 26-27 New World Hotel Saigon Wedding Fair 2010 is a must for all who are planning their perfect wedding. With over 30 exhibitors covering hundreds of inspirational ideas, the Wedding Fair is guaranteed to have exactly what you are looking for. An elegant wedding venue, and photographers, florists, honeymoon destinations, and great wedding dress collections. The fair combines it all under one roof. The ultimate wedding shopping experience.

US Independence Day - Banner
Limited to 650 AmCham Members and their Guests. Click the banner for details and to register on line now to reserve your tickets. Then come to AmCham office to pay and receive tickets (and official AmCham Independence Day shirts and other gift items) starting Tue, Jun 15.

Th, Jul 8 AmCham Young Professionals Palooza Party at Hard Rock Cafe AmCham Vietnam in HCMC and the Hard Rock Café want to maintain a standard of excellence for the events that we provide, which is why we have scheduled a special summer Palooza Party on July 8 at 6pm, once again at the Hard Rock Café, to make up for the “power blackout” at the May 26 event. Please join us on July 8 for an extra special Palooza.

Project 30 Update, Administrative Procedures Review 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.

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

PM Nguyen Tan Dung asked the central bank to implement measures to reduce interest rates and help the country achieve economic growth of 6.5 percent this year. “The State Bank of Vietnam needs to manage monetary policy flexibly, implement measures to bring down interest rates, control credit growth and keep exchange rates stable.”

IMF says Vietnam’s reserves fall to 7 weeks of imports from coverage of less than two-and-a-half months in December 2009. The central bank should make it clear that “monetary conditions will not be eased further until inflation is on a downward trajectory, sentiment toward the dong is firmly established and external reserves are rebuilt to more comfortable levels,” the IMF said.

U.S. Attorney General says more individuals to face bribery charges for violations of the FCPA Noting that the U.S. has prosecuted 80 individuals for FCPA violations since 2004, the attorney general said, according to his prepared remarks: “Prosecuting individuals is a cornerstone of our enforcement strategy because, as long as it (bribery) remains a tactic, paying large monetary penalties cannot be viewed by the business community as merely ‘the cost of doing business.’ The risk of heading to prison for bribery is real, from the boardroom to the warehouse.”

U.S. State Department Travel Warning for Thailand Canceled Jun 3, State of Emergency Remains The Department of State has canceled the May 27, 2010 Travel Warning for Thailand due to improvements in safety and security conditions throughout the country. The Thai government ended the nightly curfew May 29, 2010. However, a State of Emergency remains in effect in a number of provinces.

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 links to download the

Project 30 Updates: Prime Minister’s Advisory Council on Administrative Procedures Reform, Apr 2, 2010.

“China Plus One = Vietnam and ASEAN Presentation at Asia-Pacific Business Outlook, Apr 19, 2010.

Real Estate Market Update Presentation by CBRE Vietnam at Real Estate Networking Night, Apr 21, 2010.

Bitexco Financial Tower in HCM City Presentation by Turner International at Real Estate Networking Night, Apr 21, 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 nearly 500 AmCham companies, and over 1,000 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).