Weekly Update Oct 01: First Advantage, IP Challenges in Asia, Tropical Storm

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

Upcoming Events, Committee Meetings, and Other Activities

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

Sat, Dec 1: AmCham Governors Ball – SAVE THE DATE A formal event held in the festive style of the season … to raise funds for community support programs funded by and through the AmCham-United Way partnership.

Tropical Storm in Eastern Sea – headed toward Bac Bo (Northern Vietnam and Hanoi) Click the link for more information, satellite photos, projected track, etc. This is the season for typhoons and tropical storms to come spinning out of the Eastern Sea.

Tue, Oct 2, First Advantage Asia-Pacific seeks meetings to set up office in Vietnam
FIRST ADVANTAGE ASIA PACIFIC provides a total solution to talent acquisition and is the largest provider of Employment Background Screening Services in the Asia region, for over 700 companies. We are planning to set up an office in Vietnam, and would like to meet with parties interested in learning about our services and who can provide feedback on doing business in Vietnam.

Thu, Oct 4: IP Challenges in an Emerging Market: Lessons from China While counterfeiting is not unique to China, the country’s unprecedented economic growth has led to a surge in counterfeiting that, in terms of size, scope and severity, appears to have no parallels in history. How members of the Quality Brands Protection Committee are dealing with these challenges in China and the Asia Pacific region.

Tue, Oct 9: Asian Trends and Vietnam’s Consumer Future What are the latest consumer trends in Vietnam, ASEAN, Asia-Pacific and how does this affect your company’s local and regional business? What is the economic and cultural impact of ASEAN trade and investment integration? In the Asia Pacific region, trom Australia to Japan, China to New Zealand, TNS has created the strongest custom research network in the region with over 30 years’ experience in 15 countries.

Wed, Oct 10: Deadline to submit applications for AmCham Scholarship Program 2007 In partnership with National University of Ho Chi Minh City (NUH), AmCham will grant scholarships to 20 top students of NUH including: University of Technology, University of Natural Sciences, University of Social Sciences and Humanities, Faculty of Economics.

Oct 10-14 HCMC International Furniture & Handicrafts Fair
Vietnam’s export of furniture for bedrooms has prospered for three years with export to the U.S. gaining the strongest growth. As a result, export revenue of bedroom furniture in 2005 was over US$ 200 million and surged to US$ 500 million out of US$ 2 billion of woodwork export turnover.

Tue-Wed, Oct 30-31. Southern Economic Zone Investment Mart 2007 The Southern Key Economic Zone includes Ho Chi Minh City, Ba Ria-Vung Tau, Binh Duong, Binh Phuoc, Dong Nai, Long An, Tay Ninh, Tien Giang, and is the most dynamic growth hub of Vietnam—representing 50% of the nation’s GDP, absorbing 60% of the FDI, accounting for two-thirds the international air traffic, and 80% of all containerized exports. the Investment and Trade Promotion Center of HCM City, together with all the provinces in the Southern Economic Zone, will organize a two-day conference for international investors to consider investment and business opportunities in the region.

Nov 4-8 U.S. Commerce Secretary Mission to Vietnam
The mission will highlight export opportunities for U.S. businesses, and is the first Secretarial Business Development mission to visit Vietnam. 25 leading U.S. enterprises will join the mission.

Mon, Nov 5: Lunch: United Airlines CEO Glenn Tilton will provide comments on United’s current strategies and plans for the Asia Pacific Region including route initiatives and enhanced customer service programs.

News and Issues Updates

Click this link for these and more News Highlights

Doing Business in 2008: Vietnam Improves Ease of Doing Business
However, Vietnam has room to improve in a number of areas. The country’s lowest rankings fall into three areas: protecting investors, closing a business, and paying taxes.

ADB Electric Power Investment in Vietnam
The Asian Development Bank (ADB) has approved a US$ 28 million first-stage loan for Viet Nam’s Mong Duong thermal power project. The plant will ultimately add 2,200 megawatts of generating capacity to Viet Nam’s electricity system. Total ADB funding under the two-stage financing program will be $ 931 million.

International SOS Assists Victims of Can Tho Bridge Collapse
Following the collapse of a suspension bridge in Can Tho, south of Ho Chi Minh City on 26 Sep 07, International SOS mobilized its resources in Ho Chi Minh City, Singapore and Bangkok to Can Tho. This was done in order to provide assistance on the ground to members.

Apparel: Import Monitoring Program for Textile and Apparel Imports from Vietnam
There is low possibility of removing the monitoring scheme on apparel imports from Vietnam prior January 2009, said David Spooner, Assistant Secretary of Commerce to Import Administration at the meeting with Vietnamese Deputy Minister of Industry and Trade Bui Xuan Khu September 26 afternoon.

Mekong Delta bridge collapse – at least 52 dead
Construction of the bridge started in September 2004 using Official Development Assistance from Japan. The US$ 300 million bridge was expected to be completed next year. It is being built across the Hau river to link Can Tho and Vinh Long provinces, with the disaster occurring on the Vinh Long province side.

MPI Note to Prime Minister on the Draft Decree re FDI payment of Trade Union Fee Summary of the Ministry of Planning & Industry (MPI) Note to the Prime Minister about the 070830 Draft Decision regarding the Trade Union Fee.

Event Presentations, Downloads, 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. Download the AmCham HCMC Board of Governors Report on

Click the above link to download

  • Aug 31 AmCham – United Way Information Meeting for Local Community Partners – Grant Application
  • July 13-14 Nike Apparel Sale for Charity – PHOTO ALBUM
  • June 30 AmCham Independence Day & Family Picnic PHOTO ALBUM
  • June 21 U.S. Chamber Lunch in honor of President Triet – PHOTO ALBUM

Online Membership Directory
Looking for information on AmCham members? Click here to browse the Online Membership Directory for information about and contact points for our 400 member and associate companies, and about 800 representatives. Also with links to their 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 200,000 page-views per month to www.amchamvietnam.com.

Your announcement in AmCham’s Weekly Update email
Every Monday or Tuesday, AmCham’s Weekly Update email goes out to nearly 800 representatives of over 400 AmCham member and associate companies, plus thousands of subscribers in Vietnam, Singapore, Japan, and the USA. We welcome event announcements that are of interest to our business readers.

Tips and hints from the AmCham Webmaster

Not receiving AmCham’s weekly update emails? Then, please check your spam of junk mail folder. To insure that you receive all future communication from AmCham, please add our email address to your address and your safe list or “white list” (if applicable).

“The Nigerian Letter” and “The Spanish Prisoner” – Advance Fee Frauds and Scams
Variations on a 16th Century scam are updated witၨ email in the 21st Century. One common scam is the “advance fee fraud”—an offer from a relative of a “high level political or business leader,” who has “millions of dollars” in hiding, but needs your help to transfer the money. You (the tarၧet) are offered a percent of the total. If you respond, you are persuaded to advance relatively small sums of money in the hope of realizing a much larger gain, which never comes. 22 Sep 07

Speakeasy Speed Test Click on the SPEED TEST image to test your internet connection speed. By measuring the download and upload rate you are able to accurately judge your current line throughput or internet connection speed.

Try it now to see how if your internet connection measures up. And if you don’t have high-speed cable access, get it now. You can’t afford not to.

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