According to the International Rubber Search Group (IRSG), the world’s rubber consumption in 2010 reached 23.1mil ton, an 11.2% increase compared to the same period last year. The increase of rubber consumption was thanks to recovery of tire industry. IRSG forecasted that the demand on rubber consumption in 2011 is at 25.5mil tons, output of artificial rubber production will increase 7.3% and reach about 11mil tons.

Vietnam should place top priority on implementing tight monetary policies, said the research team for the Vietnam Economic Annual Report 2011.

As one of 8 typical provinces and cities nationwide chosen as a pilot unit of e-customs model, Binh Duong Customs has won high results of the new model.

Foreign Development Investment (FDI) in Binh Duong is still in good position to promote Binh Duong in a bid of achieving over USD 1 billion of FDI in 2011.

In April, enterprises in Binh Duong Province have produced goods which are estimated to be cost VND 8,492 billion or 2.8% higher in value than previous month. However, April saw difficulties of costing due to input fees including price hikes of petroleum, oil, and power. Despite that fact, industrial value has exceeded VND 33,677 billion at an average growth.

After four year-implementation, the province’s project on socio-economic development in the rural region has made basic premises for the local building of a new countryside…

Under Decision No. 24/2011/QD-TTg on adjusting electricity price to mechanism will be valid from and on June 01. In responding to Binh Duong Newspaper interviews, enterprises support the decision as a necessary step; however difficulties are all ahead due to unstable input price.

Established after the national liberation day of April 30, 1975, despite difficulties caused by war consequences, Binh Duong province’s industry and trade sector has well realized its tasks of recovering economy, developing production-business, supplying food and essential commodities for the local people…

The 332ha Nam Tan Uyen IP in Tan Uyen district’s Khanh Binh commune was invested by Nam Tan Uyen industrial park Joint Stock Company under Vietnam Rubber Corporation in 2005. The IP has so far been the most effective IP among 9 IPs invested by Vietnam Rubber Corporation.

Real estate enterprises are preparing to release ‘hot’ products of inexpensive projected apartments, especially land lots with land use right certificates so as to dominate the market in Long An, Binh Duong, Dong Nai, and districts of Ho Chi Minh City.

Indian Rear Admiral HCS Bisht, Flag Officer Commanding Eastern Fleet of Indian Navy steered two Indian naval ships named INS Delhi and INS Kirch to pay a visit to Ho Chi Minh City from May 10 – 13.

The Viet Huong II Industrial Park (IP) has so far drawn 37 investment projects, including 35 foreign direct investment (FDI) projects with the total registered capital of US$329.2mln and 2 domestic investment projects with the total registered capital of VND85.3bln, according to Hang Vay Chi, director of the Viet Huong Investment and Development Joint Stock Company (JSC).

Traditional capital rising from banks has recently diverted into stock market which is currently not very stable.

The provincial program of buffalo and cow development has brought significant achievements. From this program, many farmers have escaped and become rich. The program has brought socio-economic efficiencies.

Vietnam has granted licenses to 9 new overseas investment projects in April, bringing the country’s total overseas investments in the first four months of this year to US$1.8 billion, according to the Overseas Investment Department.