The wholly Japanese-invested Toyotsu Vehitecs Vietnam Co.Ltd., on July 14, inaugurated and put its factory into operation in the My Phuoc III Industrial Park (IP).

At present, the whole country has over 2,000 craft villages with their distinctive traditions. Craft villages in the province are under preservation and promotion. And, development and recovery of craft villages is one of crucial goals of local tourism development.

While the Vietnam dong interest rate race has cooled down and banks have eased the dong deposit interest rates, the dollar interest rate war has triggered.

From a poor household, Nguyen Van Thanh has made wealth by breeding pigs and planting rubber trees with income of VND100mil per year. He has become a good farmer in production and business.

The Hong Kong Shanghai Banking Corporation (HSBC) has just been named the best foreign bank in Vietnam by FinanceAsia, the leading Asian financial publication group.

The World Trade Organization (WTO) has stated that the US application of the zeroing methodology for calculating anti-dumping taxes is in violation of the organization’s rules.

Binh Duong Province is aiming to meet the standard of new rural area criteria. By 2015, it is expected that 40% of 31 communes will be standardized.

The provincial People’s Committee vice chairman Huynh Van Nhi yesterday paid a working session and signed a MoU on manpower training with Korea’s Kyungsung University and Sung Hyun Vina Co.

The Korean leading retail group E-Mart having 127 outlets in South Korea and 25 in China signed a MoU with Binh Duong province’s U&I Corp. to set up a retail joint venture in Vietnam.

After 6 months implementing State Bank of Vietnam’s (SBV) Directive No. 01 and government’s Resolution No. 11 to restrain inflation and stabilize macroeconomics, ensuring social security, Binh Duong banking sector has made great achievements.

A seminar was held in Hanoi on July 8 to discuss issues relating to the Vietnam-EU Free Trade Agreement (FTA).

In the first half of this year, apparel businesses faced many obstacles and challenges. Two-digit inflation and instability on macro-economy made input expense increase highly. However, with advantages of market, the businesses have overcome difficulties to contribute to local economic growth.

In the first half of 2011, Vietnamese footwear production witnessed an increase of more than 30 percent over the same period last year.