Stay tuned for more. Of the American Chamber of Commerce in HCMC, at least. A member since its founding in 1994, Peter N. Sheridan was elected at the September General Election to take a seat on the Board. He continues to Chair the Government Relations Committee of Am Cham, as well. Still growing, but at a slower rate each of the past three years, leading policy makers are facing looming difficulties with Vietnam's economy .
All targets are below budget and all economic sectors are feeling the pinch of trouble.
Growth has slowed to a degree that production is not near capacity and labor loss has become the norm for many companies. Natural disasters have played havoc with the Agricultural sector. Service economies have been hurt, none more than aviation. Hospitality and property sectors have been hard hit, with urban occupancy rates including top-end foreign invested projects falling to as low as 40 per cent. Finance and banking sectors have been virtually inactive in 1998.