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AmCham Vietnam - HCMC Weekly Newsletter
March 31st, 2026
| | Update from the Executive Director | | |
Oil prices and fuel continue to dominate the headlines here in Vietnam. The government has temporarily reduced environmental protection and excise taxes on fuel to 0% from March 26 to April 15, 2026, to stabilize prices and ease cost pressures, despite an estimated monthly revenue loss of 7,200 billion VND. These measures, along with additional funding for the Fuel Price Stabilization Fund, have driven sharp declines in domestic fuel prices, helping to control inflation and stabilize market sentiment amid global oil price volatility.
Rising global energy prices still pose risks, however, as they could widen Vietnam’s trade deficit and put depreciation pressure on the dong, especially alongside a strengthening U.S. dollar. Despite this, currency depreciation is expected to remain moderate in 2026, supported by stable capital inflows, strong macroeconomic fundamentals, and the potential for increased foreign investment if Vietnam advances toward emerging market index inclusion.
On Thursday, April 2, AmCham is hosting an event entitled “Vietnam’s Energy Landscape: Key Regulations and Market Trends”, which will bring together CEOs and business leaders from across oil, solar, LNG, and the manufacturing sector to talk through what’s happening on the ground. The conversation will connect the current global volatility with Vietnam’s evolving policy landscape, including updates to the Electricity Law, DPPA framework, and the rollout of Power Development Plan VIII, and what it all means for investors and large energy users. The event will also feature remarks from the US Deputy Chief of Mission, adding a broader perspective on the sector and its outlook. Register here to attend this excellent event.
Next week, on April 9, AmCham is hosting Members Night and Meet the Consulate General Team, which we haven’t organized in a year and a half. Have you ever wondered what the US Consulate General in Ho Chi Minh City actually does? This event offers a unique opportunity to learn more about the Consulate’s work in strengthening U.S.–Vietnam relations and supporting American citizens in Vietnam. Following introductions of the Consulate General team, guests will enjoy time to network and engage directly with Consulate representatives, AmCham Governors, and fellow members over drinks and delicious refreshments. I have to say that we in HCMC are so fortunate to have such excellent colleagues at the Consulate, so come say hello to the team! Register here.
Thank you to everyone who came to last week’s Connect and Cocktails at Sofitel Saigon Plaza! We welcomed over 130 people from 90 companies, which was one of our biggest turnout in a few years. I want to thank Lamy, Mr. Nguyen Anh Tuan, and Sofitel Saigon Plaza for sponsoring our Lucky Draw. I love these networking events because there is zero pressure – it’s just a fun place to come, meet interesting people, and leave with new connections. We don’t like pretentious or boring events at AmCham!
| | It was great hosting the Asean+3 Macroeconomic Research Office (AMRO) at AmCham! We had a lively discussion on export performance, the U.S. market outlook, business sentiment, and trade policy—from tariffs to compliance—covering both Vietnam and the broader region. AMRO plays an important role in supporting economic stability and financial resilience across ASEAN+3 through research, technical support, and regional cooperation. | | |
So come join us any time at AmCham. The team and I always love meeting our Members, so come say hi!
Yours sincerely,
Travis Mitchell
Executive Director
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We would like to thank all members who recently shared their comments on draft legislation currently under discussion:
- AmCham submitted comments on the Draft National Environmental Standard to the Vietnam Standards and Quality Institute on March 17, 2026.
- AmCham submitted comments on the Guidelines for the implementation of the Chemical Law 2025 to the Ministry of Industry and Trade and the Vietnam Chemicals Agency on March 18, 2026.
- AmCham submitted a position paper expressing major concerns regarding Circular 11/2026/TT-BCT on food traceability under the management of the Ministry of Industry and Trade. The paper was sent on March 23, 2026 to Mr. Le Manh Hung, Acting Minister of Industry and Trade; the Prime Minister’s Advisory Council on Administrative Procedure Reform; the Ministry of Justice; and the Vietnam Chamber of Commerce and Industry.
- AmCham submitted comments on the Draft amendments and additions to certain articles of the Customs Law to the Ministry of Finance and Vietnam Customs on March 26, 2026.
Thank you again for your valuable contributions and continued engagement.
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Members are encouraged to bring forward any advocacy needs or related questions to the relevant Committees, or by email to advocacyaction@amchamvietnam.com.
Similarly, we invite members experiencing instances of administrative delays and challenges to share details via email to communications@amchamvietnam.com. We are compiling this information on behalf of our members.
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At Caravelle Saigon, 19-23 Lam Son Square, Sai Gon Ward, HCMC
Vietnam’s energy sector is undergoing significant transformation as electricity demand rises and the government advances reforms to support renewable energy development and market-based power trading. Recent regulatory updates—including new decrees implementing the revised Electricity Law and policies related to Direct Power Purchase Agreements (DPPA), licensing, and renewable energy development—are reshaping the investment and operating environment for energy companies.
At the same time, the implementation of Vietnam’s National Power Development Plan VIII continues to guide the expansion of generation capacity, including solar, wind, LNG, and emerging technologies, while highlighting both opportunities and challenges for investors and large power consumers.
Join the American Chamber of Commerce in Vietnam – HCMC on April 2 at 3:00 PM for a discussion on the current status of Vietnam’s energy sector, featuring remarks from US Consul General Melissa Brown and leading energy experts. Speakers will explore the latest regulatory developments, key opportunities in the sector, and what businesses should be watching in the years ahead.
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At Caravelle Saigon, 19-23 Lam Son Square, Sai Gon Ward, HCMC
Have you ever wondered what the US Consulate General in Ho Chi Minh City actually does? Join us for a special cocktail reception with the US Consulate General team on Thursday, April 9, 2026 at the Opera Room of the Caravelle Hotel.
This event offers a unique opportunity to learn more about the Consulate’s work in strengthening U.S.–Vietnam relations and supporting American citizens in Vietnam. Following introductions of the Consulate General team, guests will enjoy time to network and engage directly with Consulate representatives, AmCham Governors, and fellow members over drinks and delicious refreshments.
We look forward to welcoming you!
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At AmCham Office, Suite 323, New World Saigon Hotel, 76 Le Lai, Ben Thanh Ward, HCMC
Join us for an exclusive AmCham 101 – New Member Orientation, designed to help you maximize the value of your AmCham membership and connect with fellow business leaders.
Whether you’re a new member looking to dive in or an existing member seeking to refresh your understanding of our offerings, this orientation is the perfect platform to enhance your AmCham experience. Don’t miss this opportunity to unlock the full potential of your membership and forge valuable connections within the AmCham community. For any queries, please contact Ms. Sam Hoang, our Membership Manager.
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At The Cloud Lounge, 48th Fl., Vinpearl Landmark 81, Autograph Collection, 720A Dien Bien Phu St., Thanh My Tay Ward, HCMC
Join us this April for AmCham Connect & Cocktails at the stunning new venue, The Cloud, perched on the 48th floor of Vinpearl Landmark 81.
This signature monthly gathering is the perfect opportunity to connect with AmCham members and fellow professionals in a relaxed, after-work setting—while enjoying a selection of wine, beer, and handcrafted cocktails, all set against breathtaking city views.
Come expand your network, unwind with great company, and don’t miss your chance to win exciting prizes in our Lucky Draw!
| | | Upcoming Committee Meetings | | |
Members are welcome to join, in-person or virtually:
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Education & Training Committee Meeting, April 1, 2026 – 9:00am-10:00am
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Legal & VBF Liaison Committee Meeting, April 8, 2026 – 5:00pm-6:00pm
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Capital Markets and Financial Services Committee (CMFSC) Meeting, April 13, 2026 – 4:00pm-5:00pm
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HR Committee Meeting, April 16, 2026 – 9:00am-10:00am
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Environment, Social and Governance (ESG) Committee Meeting, Apr 16, 2026 – 4:00pm-5:30pm
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Make the Most of Your AmCham Membership!
AmCham members are encouraged to take full advantage of the exclusive discounts and special offers available through the AmCham Membership Discount Program. Simply present your AmCham Membership Card to enjoy valuable deals from our trusted Discount Partners. You can view the complete list of offers here.
Interested in Becoming a Discount Partner?
We welcome companies looking to join the program and promote their products or services to a dynamic network of over 2,000 business professionals representing more than 550 corporate members. It’s a great opportunity to boost visibility and attract new customers.
To become a Discount Partner, please complete this Form or contact us at amcham.membership@amchamvietnam.com for more details.
| | Thank You to Our Premium Members | | |
The American Chamber of Commerce in Vietnam
in Ho Chi Minh City
New World Hotel Suite 323
76 Le Lai Street, Ben Thanh Ward
Ho Chi Minh City, Vietnam
Phone: +84 28 3824 3562
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