latex sales rise, along with prices
HA NOI — Since the
beginning of this year, affiliates under the Viet Nam Rubber Corporation
(Geruco) have sold 169,000 tonnes of rubber latex, up 27,000 tonnes from the
corresponding period last year.
The average price has
reached VND21 million (US$1,310) per tonne, VND1.3 million higher than last
year. Geruco also forcasts that the price of rubber latex will continue rising
by the year end.
fair to open in Nanning
HA NOI — The second
China-ASEAN trade fair (CAEXPO) is scheduled to open on October 19 in Nanning,
the capital city of China’s Guangxi Province.
The four-day fair, which
attracts 200 Vietnamese businesses, will display their key products, including
farm produce, aquatic products and household utensils, at 80 free-of-charge
booths. A China-ASEAN commerce and trade summit and a China-Viet Nam business
forum will also be held at the trade fair, said the Viet Nam’s Trade Promotion
Department under the Trade Ministry.
Trade transactions at the
last Caexpo, which was also held in Nanning, reached US$1.08 billion, the
Phuc attracts $132 million in foreign investment
VINH PHUC — For the
first eight months of this year, the northern province of Vinh Phuc has
attracted US$132 million in foreign direct investment (FDI), $4 million higher
than last year’s figure.
Of the sum, $45.4 million
came from 13 newly-licensed projects and $86.5 million from seven expanded
projects. The province has thus far granted licences to 82 foreign-invested
projects with capital totalling $708.8 million, ranking seventh in terms of the
amount of FDI in the country.
Nai begins building 15,000 DWT wharf
DONG NAI — The Dong Nai
port recently started the construction of a 15,000 DWT wharf, worth VND32
billion (US$2.03 million) in the Go Dau B Port. Located in the Long Thanh
District, the 20ha wharf aims to bring the Dong Nai Port’s capacity to 27,000
DWT. It is slated for completion in 2006.
Dinh starts making light trucks
NAM DINH — Nam Dinh
Industrial Products Trading Joint Stock Co began marketing half-tonne and
one-and-a-quarter-tonne trucks, as well as seven-seat Song Hong SUVs (Sport
Utility Vehicles) last week.
The first phase of the
VND300 billion (US$18.9 million) vehicle assembly and auto parts production
facility in Hoa Xa Industrial Zone, supported by China’s Fonton Group, was put
into production in 2004.
The final phase of the
facility will be completed in 2008 when annual production capactiy will be
increased to 5,000 vehicles.
rubber company to auction shares
BA RIA – VUNG TAU —
The State-owned Hoa Binh Rubber Joint Stock Company said its shares would be
auctioned on October 10 at the securities trading centres in HCM City and Ha
A total of 144,000 shares
will be auctioned at initial public offering price of VND184,000 (US$11.60)
The company, located in
the southern coastal province of Ba Ria-Vung Tau, will become the first of its
kind to auction shares. — VNS