Weekly Update Oct 15: BTA/WTO Survey, Nov 5 Lunch UA CEO, Nov 6 Dinner US Commerce Secretary

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.

Membership Directory 2008 Please update your contact information. We are sending faxes to all members for updated contact information. If you have new or changed contact information, please contact Ms. Huong at the AmCham office (824 3562). And, as you plan your advertising, be sure to include the AmCham Membership Directory.

BTA / WTO Implementation: 6 Questions AmCham firms are invited to participate in our survey on Market Access in Vietnam—six questions about market access for U.S. products/services in general and about BTA / WTO implementation in particular. It will take approximately five to ten minutes to complete the short survey. Don’t miss this opportunity to express your views in complete confidentiality. Click the link to take the survey.

Tue-Wed, Oct 30-31. Southern Economic Zone Investment Mart 2007 The Southern Key Economic Zone is the most dynamic growth hub of Vietnam—with 50% of the nation’s GDP, 60% of the FDI, two-thirds the international air traffic, and 80% of containerized exports. the Investment and Trade Promotion Center of HCM City, together with all the provinces in the Southern Economic Zone, will organize a conference for international investors.

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.

Tue, Nov 6: Welcome Dinner for U.S. Commerce Secretary Mission 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.

News and Issues Updates

Click this link for these and more News Highlights

China’s Party Secretary and President says Party has fallen short “We must guard against arrogance and rashness, preserve plain living and struggle hard,” he said.

Trade Issues in U.S. Congress Since Democrats took control of Congress in January 2007, it has not approved any free trade agreements that the administration has negotiated, and it has allowed President Bush’s authority to negotiate future deals under expedited procedures to expire. Fortunately, legislation approving Vietnam’s Permanent Normal Trade Relations (PNTR) with the U.S. was approved in December 2006, before the current impasse developed.

EU and China decide on textile import monitoring system for 2008 The product categories subject to double-checking will be categories 4 (T-shirts), 5 (pullovers), 6 (men’s trousers), 7 (blouses), 26 (dresses), 31 (bras), 20 (bed linen) and 115 (flax yarn). The system will be formally adopted by the European Commission and administered by EU Member State licensing offices.

Boeing executives visit Ho Chi Minh City, indicating continuing high-level interest in Vietnam by senior executives of major U.S. firms, three Boeing executives recently visited Vietnam to learn more about business opportunities, culture, and history.

Cummins CEO T.M. (Tim) Solso visits HCM City, along with JV partner Jorge Wolle, DKSH CEO: “For over 40 years Diethelm has very successfully represented Cummins in Thailand, and with this venture we are taking that relationship to the next level, a level which will benefit Cummins, Diethelm, and, most importantly, our customers in the Greater Mekong Subregion,” said Walter Brenneis, President of Diethelm Limited.

IP Challenges in an Emerging Market: Lessons from China Counterfeiting is not unique to China, but 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.

How diethylene glycol was discovered in toothpaste made in China Setting off a worldwide hunt for tainted toothpaste that turned out to be manufactured in China. Health alerts have now been issued in 34 countries, from Vietnam to Kenya, from Tonga in the Pacific to Turks and Caicos in the Caribbean. Canada found 24 contaminated brands and New Zealand found 16. Japan had 20 million tubes. Officials in the United States unwittingly gave the toothpaste to prisoners, the mentally disabled and troubled youths. Hospitals gave it to the sick, while high-end hotels gave it to the wealthy.

Vietnam at the bottom of Corruption Perceptions Index (Transparency International) Vietnam has been named on TI’s CPI ranking list since 1997. For the past four years, the country’s points have remained at 2.6 out of a possible maximum 10 points. A CPI score of below 3.0 indicates that corruption is perceived as “rampant.” Vietnam ranks 123 out of 180 countries.

Low wages rile Vietnam workers Demand for higher wages is the cause of 78 percent of all strikes at foreign-invested factories in Ho Chi Minh City and nearby provinces like Binh Duong and Dong Nai, according to statistics from the Vietnam General Confederation of Labor.

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.

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 Early each week, 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 with email in the 21st Century. A 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 target) 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.