Weekly Update Sep 08: Members Night, Consumer Product Safety, U.S. Citizens Register and Vote

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, Sep 6-7.

Upcoming Events and Activities (next few weeks)

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

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++.

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.

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 09, there are 56 days (8 weeks) remaining until the U.S. Election Day on Nov 4.

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 …

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/HCMC and Th, Sep 25/Hanoi: Navigos Group Vietnam Salary Survey 2008 Seminar How Competitive is Your Compensation Strategy? Hundreds of companies from 15 industries, 75 unique job families; thousands of job holder data, the first and only bilingual report in the market, covering the 3 major locations of Vietnam (North, Central, and South). Navigos Group’s Vietnam Salary Survey 2008 Report is on its way to make a buzz in the market, very soon! Join our Salary Survey seminar to learn more about the report!

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.

We, Nov 19: Members Lunch: VN-US Educational Exchange and Vietnam’s Economic Development Dr. Mark A. Ashwill, country director of the Institute of International Education-Vietnam, will discuss recent trends as Vietnam ascends to the top 10 countries sending students to the U.S., and what this means for Vietnam’s development, including the job market. He will also talk about ways in which companies can raise their profile through corporate sponsorship and in-country scholarship programs.

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.

Bosch to build auto parts factory in Dong Nai, Vietnam Bosch will invest to US$ 79.6 million and employ 800 workers in the project, which will manufacture push-belts for continuously variable transmissions (CVT) for a variety of car models. The push-belts have only been manufactured at one other Bosch location to date – The Netherlands. Vietnam will now be the second CVT push-belt production location of the Bosch Group worldwide. The subsidiary’s managing director, said the project will contribute to developing Vietnam’s automobile industry, which has been hampered by an under-developed parts manufacturing industry.

Vietnamese plastics producers thirsty for raw materials Vietnam’s 2,000 plastics producers, 80% of which are located in HCM City, exported $ 750mil in 2007, while the figure is expected to reach $ 1bil this year. Domestic sources can provide just 300,000 tonnes of raw materials every year while currently Vietnam needs to import an additional 1.6-1.7mil tonnes of scrap material of different kinds.

American Company and Employees Indicted for Corrupt Payments to Vietnamese Officials The four FCPA counts charged against the individual defendants each carry a maximum penalty of five years in prison, a fine of the greater of $ 100,000 or twice the gain; and a three year term of supervised release. Nexus Technologies Inc., faces a maximum $ 10 million fine, if convicted on all counts.

US-Vietnam adoption pact ends over disagreements over fraud and corruption The U.S.-Vietnam adoption program also was shut down in 2003 after the U.S. raised similar concerns about corruption. The program resumed in 2006 after the two sides reached an agreement intended to ensure that adoptions were above board. But the U.S. says Vietnam has been unable to enforce the terms of that deal, largely because its central adoption authority lacks sufficient power to control orphanage directors.

Striking out at industrial action (strikes) The VGCL estimates put the number of strikes nationwide at 500 between January and July this year, 78 per cent of which took place at FIEs. Reasons for strikes, many of which were unprompted, include low wages, excessive overtime hours, unpaid social insurance and lack of communication between employers and workers.

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

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-book and to your “safe list” or “white list” (if applicable).

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

Weekly Update emails are sent from [email protected], If you use a SPAM Filter please add this address email address book or “Whitelist.”

Please click this link if you want to update your email address.

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