Weekly Update Sep 01: Holidays, Members Night, Consumer Product Safety

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

Weather in Vietnam and Western Pacific: satellite photos, typhoon forecasts, etc. Aug-Sep-Oct are the main months of the “West Pacific Typhoon Season.” Click the link for an update. No tropical storms approaching Vietnam as of Sa-Su, Aug 30-31.

Hurricane Gustaf predicted track eye of hurricane to pass south of New Orleana on Mon, Sep 1 at 1300 local time.

New Members Nearly 20 companies have joined AmCham in the last three months, from legal services, real estate, engineering/design, as well as investment banking and equipment sales. Click the link to learn about the new companies.

Upcoming Events and Activities (next few weeks)

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

U.S. Citizens: Register to Vote at the Official U.S. Govt Web Site for Overseas Voters: Online Voter Registration and Ballot Delivery. New system simplifies and accelerates voter registration and request for absentee ballot. As of Tue, Sep 02, there are 63 days (9 weeks) remaining until the U.S. Election Day on Nov 4.

Mo, Sep 1: Labor Day (U.S. Holiday) AmCham office closed.

Tu, Sep 2: National Foundation Day (VN Holiday) AmCham office closed.

Fr, Sep 5, VSVN Saigon Social An opportunity for members and friends of the Vietnam Strategic Ventures Network to connect and share their experiences in Vietnam. Free flow beer and sodas, as well as light heur d’ourves will be served during the event. 200,000 VND suggested donation per person. Space is limited, so please click this link to register in advance. Cafe Central, Mezzanine Level, Sunwah Tower, 115 Nguyen Hue, District 1, HCMC. Contact: Chris – 0989282594 or email to Chris Zobrist

Local residents/expats: experience AN EXCLUSIVE 3-NIGHT VACATION PACKAGE at the award-winning Nam Hai Bask in the sun, swim in glorious pools, relax at the spa and indulge in a renowned chef’s culinary masterpieces, starting at just $ 1,000++. This limited offer includes complimentary breakfast for two, airport transfers for two, and your choice of a $ 100 Food & Beverage credit or a 60-minute deluxe spa treatment. Click the link for info and to make reservation. Your ultimate escape awaits …

Th, Sep 11: Members Night and Meet the U.S. Consulate General. Back to work and back to school after the summer holidays and transfer season. Issues brief and cocktail reception with networking opportunities to meet new arrivals and renew acquaintances. Members’ spouses and invited guests are welcome and encouraged to attend! Lucky Draw prizes include: 2 night stay voucher at award-winning The Nam Hai resort valued at $1,500++.

Mo, Sep 15: Members Lunch: Chairwoman Nancy Nord, U.S. Product Safety Commission Recently there has been a lot of attention in the media to the safety of imports from Asia (especially China), and the U.S. Congress approved legislation to strengthen the Consumer Product Safety Commission (CPSC). Join AmCham members and guests to learn from CPSC Chair Nancy Nord how the Commission is responding to the challenge of reducing and eliminating unsafe goods.

Tu, Sep 23: Foreign Corrupt Practices Act (FCPA): What you need to know The FCPA is a major enforcement priority for regulators (Department of Justice, Securities and Exchange Commission), and a major compliance issue for managers of U.S. companies with overseas operations. You need to be more familiar with the FCPA and the consequences of violations, which include fines and prison time.

Tu, Sep 23: Drive Greater Success with Enhanced Supply Chain Visibility Demand-driven supply networks and greater supply chain visibility are high on the list of strategies implemented by multinational companies today to meet the challenges of global business. However, managing and optimizing a well-coordinated, customer-focused supply chain requires an integrated business platform that can deliver end-to-end visibility, real-time data flow across organization borders, and connectivity with every company in the supply chain.

We, Oct 15: Members Lunch: Consumer Spending Trends in Vietnam Since 1998, TNS Vietnam has been tracking the lifestyle trends of Vietnam. The 2008 TNS VietCycle – Vietnam’s Lifestyle Monitor – will cover the latest hot topics in Vietnam such as consumer reaction towards inflation and its impact on shopping and spending, daily activities and how these are changing with Vietnam’s ever increasing internet penetration, the impact and usage of the stock market and financial institutions, and how Vietnam’s recent economic turmoil has influenced consumers’ outlook and behavior.

Sa, Dec 6: 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.

All upcoming events …

News and Issues Updates

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

Efficient, More Effective Aid Needed Vietnam was an international aid magnet in 2007, attracting 752 donor missions, more than three per working day. While the funds are welcome, the plethora of projects is taxing low income governments with limited capacity and hurting countries’ ability to take control of their own development, say development experts.

Employees strike over social insurance According to the statistics supplied by the Viet Nam General Confederation of Labour, hundreds of enterprises nationwide owe insurance agencies nearly VND2,000 billion ($ 125 million) in contributions.

Sun Microsystems, NIIT partnership to boost Vietnamese training About 13,000 individuals have registered using Sun’s software and systems solutions in Vietnam, which include the Solaris Operating System, Java technologies, Sun Fire systems and Sun StorageTek. Established in 2003, NIIT Vietnam has trained more than 6,000 Vietnamese students and professionals and operates 28 training centers in 14 cities and provinces nationwide.

U.S. firm to pay $ 300,000 to resolve Foreign Corrupt Practices Act violations in the Philippines The Securities and Exchange Commission filed a settled civil action charging a U.S. international freight transportation company, with FCPA violations. According to the complaint, a Philippines-based firm controlled by the U.S. firm made approximately $ 417,000 in improper payments to foreign government officials between 2000 and 2003. Without admitting or denying the allegations, the U.S. firm agreed to pay a $ 300,000 civil penalty.

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

Event Presentations, Downloads, and PHOTO ALBUMS

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.

Photos from AmCham’s Independence Day Family Picnic Over 150 photos.

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 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 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.

Computing Tips from the AmCham Webmaster

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Computing Tips: Business Tips for Late Facebook Arrivals Choose your friends and photos carefully on social-networking sites, but by all means get on Facebook. Here are some basic lessons learned. 18 Aug 2009

Computing Tips: Facebook No. 1 Globally with 132 million users The site is the top global social network, nearly 63% of users are outside North America. The site had been translated into 20 languages including French, Spanish, and Mandarin, recently added 69 more. “Now, through translations, we are seeing a lot of growth in international countries,” says Javier Olivan, international manager at Facebook in a recent interview. 18 Aug 2008

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