The State Bank of Vietnam on Feb. 11 raised the interbank exchange rate to 20,693 VND per 1 USD and narrowed the trading band to 1 percent from 3 percent at present, on either side of the rate.

The Government acknowledged and highly valued the strong development and vital contributions of young businesspeople to the nation’s achievements in recent years.

Thien Sinh JSC in Ben Cat district’s An Tay commune, one of Vietnamese fertilizer manufacturers, won the title of Vietnamese hi-quality product 2011. Founded in 1994 with over 16 years of development, the company’s Komix fertilizer trademark has become famous and familiar with local farmers.

From February 25 and on, small and medium enterprises (SMEs) will follow Decision No. 03/2011/QD-TTg on guaranteed loans, ruling that Vietnam Development Bank (VDB) will guarantee loans of SMEs indebted to commercial banks. Controlling institutions will be VDB, commercial banks, and SMEs legally and duly related to loans guarantee regulations

Vietnam exported more than 485,000 tonnes of rice in January, the highest figure ever for a year’s first month thanks to prompt delivery, according to the Vietnam Food Association (VFA).

Providing high quality vocational training for workers in key economic sectors and zones as well as vocational training for rural workers are two of the country’s most important strategic tasks for 2011.

Working with the Ministry of Trade and Industry at the past conference, Deputy PM Nguyen Sinh Hung said that the trade and industry sector should improve shortcomings of competitive capacity on the “home ground” and “guest ground”.

Di An Water Supply Factory has supplied clean water for 3 towns of Di An, Thuan An and Thu Dau Mot and Tan Uyen district. Accordingly, clean water for industrial production has reached over 50% of its capacity. In the days before Tet, the factory increased 15% of its capacity to ensure water supply.

The project of Becamex City Center is one of Binh Duong province’s biggest projects invested by Becamex IDC with a total investment capital of more than VND2.5trillion. So far, many items of the project have been completed and it is expected that the project will put into operation in April 2011…With large scale and general functions, it will become an important highlight of TDM town.

On Feb.9, Dai Viet Construction & Civil Engineering Co.Ltd. continued working out many construction works, including those of upgrading, expanding the DT744 street of 20km connecting TDM town with Dau Tieng district; building the street leading to Phu Long bridge in Thuan An town; building Tam Lap bridge in Phu Giao district; upgrading and expanding Tran Ngoc Len street…

Nam Kim Steel Joint Stock Company (Nakisco) in Thuan An district expects to put its second factory into operation in the Dong An II Industrial Park in Q2, 2011, according to company General Director Ho Minh Quang.

Phuoc Hoa Rubber Joint Stock Company (JSC) last year exploited 21,616 tons of rubber latex or 100% of the projection. The company also reached more than VND1.98trillion in total revenue, or 90% of the projection and VND471bln in after-tax profit or beyond 75% of the projection. On average, workers herein earned between VND6mln and VND6.5mln per capita per month…

Despite difficulties of high interest rates, unstable exchange rate…, production and export in 2011 show good chances for businesses, especially small and medium ones to integrate into the world market.

Aiming to become one of the world’s top ten telecom companies with the largest overseas investment by 2015, Viettel has since 2008 launched a series of projects in other countries with committed capital worth hundreds of millions of US$.

The number of both domestic and foreign holidaymakers during the Lunar New Year (Tet) festival this year increased sharply.