Early August 2, provincial chairman Nguyen Hoang Son had a meeting with Mr.Sohn Bong Young, new general director of Kumho Tires Co.under Rok’s Kumho Asian Group.

 Rubber latex being preliminarily treated for manufacturing auto tires at Kumho factorySo far, Binh Duong province has absorbed 1,958 FDI projects with a total registered capital of nearly US$13.4bln. Among them, there are 462 Republic of Korea (RoK)-funded projects capitalized at more than US$1.5bln, ranking second in investment capital among countries and territories investing in Binh Duong.

Tan Uyen Vocational Junior College has just worked with the district’s Division of Labor, War Invalids and Social Affairs and Binh Duong Agriculture-Forestry Junior College to open a training course on how to grow, tend rubber trees and how to tap their latex for farmers in Tan My commune.

Vietnam has exported 4.1 million of tonnes of rice in the past seven months, earning US$2.01 billion, down 2.5 percent in volume and 3.4 percent in value compared to the same period last year.

According the General Department of Statistics, the country industrial production value in July was estimated at VND434.8tril, a 13.5% rise compared to the same period last year. Economic recovery and goods consumption were improved significantly. July export turnover was estimated at US$5.8bil, a 20.7% year-on-year increase. The export turnover in the first 7 months of this year reached $38.3bil, a 17.5% year-on-year rise.

US crude oil futures turned positive to end the month higher on July 30, shrugging off earlier concerns about the pace of economic growth amid mixed data and lifted by a late rally in refined products futures as August contracts expired.

Nearly 90 percent of audited enterprises recorded profitable results in 2008 despite the negative impact of the global economic crisis, according to a report from the State Audit of Vietnam.

The domestic gold price on July 29 hit a three-month low to 27.60 million VND (1,432 USD) per tael (1 tael equals 1.2 ounces).

A conference on improving the competitiveness of small and medium-sized enterprises was held in Ho Chi Minh City on July 30.

Pakistan is ready to work with the Vietnamese tea sector, said the President of Pakistani Tea Association Muhammad Hamif Janoo.

Many essential items like petrol, oil, gas, food…are seeing stability in prices. But, the national economy now faces many challenges regarding high inflation risk, natural disasters, epidemic risks…. They will also elements to affect the prices of essential items at year end.

Provincial Job Center will open the 23rd job transaction session on August 1.

Vietnamese textile and garment businesses are increasingly using locally-made materials in their production for export and striving to corner the domestic market.

Japan will sign two ODA projects worth over 1 billion USD to Vietnam this September, said the Vietnamese Ambassador to Vietnam Mitsuo Sakaba.

Huu Toan Co. has become the country sole distributor for the Yanmar Co. to distribute Yanmar engines at Vietnam. The Yanmar Co. will take charge of distribution system expansion for Huu Toan Co.