The government office and the Organisation for Economic Cooperation and Development (OECD) will join hands to evaluate Vietnam’s “Project 30” to simplify administrative formalities.

The Vietnam National Oil and Gas Group (PetroVietnam) and the Petróleos de Venezuela S.A. (PDVSA) have signed a contract to set up a joint venture to exploit oil and gas in the South American country.

 An Thanh Credit Fund’s Binh Chuan Transaction Office is under good operation.   Local cooperatives have gradually grown up and diversified their production and business forms, contributing to accelerate poverty reduction and new rural building across villages and communes. The achievement is synthesized on the occasion of the honoring congress of typical examples for collective economic development held on the early day of this month.

Nguyen Minh Hung, deputy general director of Nam Tan Uyen IP JSC, said the IP has lured 85 local and foreign projects, capitalized at VND1,020bil and US$865mil. Among the projects, 46 ones have put into operation.

 On the occasion the 3rd term’s 5-year summing up congress (2005-2010) for the emulation movement and typical cooperative building, Binh Duong Daily’s reporters had an interview with Lai Manh Dau, vice chairman of the provincial Cooperative Alliance about the local cooperative bloc’s activities over years.

Today of July 1st, Binh Duong Federation of Cooperatives organizes its 4th term Congress to follow objectives of collective fast-growing and sustainable economic models, attracting participation of 80% of farmers, increasing quantity growth of 5-12% a year, endeavoring to 50,000 membership by 2015, and building up multi-industry business with 60% of good cooperative business and 30% of fast-growing and sustainable cooperatives.

In the first half of this year, Vietnam’s pepper exports have risen by a large increment with the US being the largest importer, followed by Germany.

 Vietnam is forecast to overtake Thailand to become the world’s leading rice exporter before 2015 as Thai rice is more expensive to produce and the Vietnamese dong has become weaker , according to the Thai Rice Exporters Association.

E-commerce now plays a vital part of Vietnam’s almost 5,000 export businesses, says the Ministry of Industry and Trade (MoIT).

 Rubber latex being processed at Nhat Hung Rubber Cooperative in Tan Uyen district’s Tan Binh communeThe collective economic sector in southern Binh Duong province now sees growth in both quantity and quality with diversification in cooperative models, step by step meeting the demand of the socialist-oriented market economy.

Early June 29, Dau Tieng Rubber One-Member Co.Ltd. launched the 2010 ceremony re-cultivating rubber trees (photo).

Binh Duong Trade and Development Joint Stock Company (Becamex TDC) officially opened Myland real estate trading floor at the HCMC on June 29. This is the third floor of the company to help offer advantages for the municipal investors.

The Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank)’s Binh Duong Branch, on June 28, signed a credit agreement worth US$25mln to finance Ascendas-Protrade Co.Ltd. for building the Asecendas-Protrade Singapore Tech Park.

Binh Duong Construction and Civil Engineering Joint Stock Company (BCCE) debuted 20mil shares under the code BCE on the HCM City Stock Exchange on June 28 at VND30,000 a share. This is the 269th company listed on the bourse. BCCE is founded in 2002 and now has VND200bil in the chartered capital. Expectedly, the company will raise its chartered capital up to VND300bil in 2011.