Vietnam’s socialist-oriented market economy has been operating according to both the market mechanism and administrative regulations.

The prices of many essential commodities have increased by 5%-15% and will continue to rise up from now till Tet (the lunar New Year), according to businesses.

 The majority of laborers in the textile and garment industry are immigrant onesCurrently, the whole province is home to 10,934 businesses, including 9,012 domestic businesses and 1,922 FDI ones.

 Aiming to meet increasing travel demand between Taiwan and the Mekong River Delta, the national flag carrier, Vietnam Airlines launched 13 direct flights from Taiwan (Taipei, Gao Xiong, and Tai Zhong) to Can Tho and vice versa for the lunar New Year 2011 (Tet holiday).

 110 typical businesses were awarded the prize: “Top Trade Services Awards 2010” by the Ministry of Industry and Trade of Vietnam on December 19.

Hoang Thanh Trade-Construction JSC will inaugurate the 2011 Spring Shopping Fair at Binh Duong provincial Cultural Center on Jan. 4-10, 2011. The fair will lure more than 60 stalls displaying various kinds of commodities.

 The world’s leading communications and information company, Nielsen has announced that Vinamilk is among top ten brand-names which are favoured by Vietnamese consumers in 2010.

In 2010, Binh Duong has placed jobs for 56,983 laborers, winning 126% of its yearly plans. From the 2006-2010, the locality has placed jobs for 244, 863 laborers.

On Dec. 18, SetiaBecamex JSC, the investor of My Phuoc Ecolakes eco-urban area handed 251 street houses over clients. The hand-over was completed 2 months ahead of schedule. The street houses are under the first phase of Ecolakes project.

Early Dec.17, the Bank for Investment and Development of Vietnam (BIDV) inaugurated its branch in Ben Cat district’s My Phuoc township.

The floor prices for exports of Tra fish will be enforced by the first quarter of next year, said Duong Ngoc Minh, Deputy Head of the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam is a very important market to Singapore, said Raymond Lui- the Second Secretary of the Singaporean Embassy in a conference on investment opportunities in Singapore, held in Hanoi.

In the summing up meeting, representatives and farmers from 7 districts and towns advice for operation in 2011 with demand for more care of agriculture, rural areas, and farmers from provincial leaders who will have words on supportive loans for farming, environment in rural areas, and effective agricultural models.

Together with FDI capital on sharp rise, Binh Duong province has absorbed a lot of the great real estate groups from countries in the world over the past four years. This indicates that the province’s investment climate has not only become attractive to FDI businesses in industrial manufacture, but also showed many potentialities for real estate investment and development.