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VMEP to expand in Vietnam
The Vietnamese government has allowed Taiwanese manufacturer VMEP to expand from assembling motorbikes to making light trucks and minibuses, a government official said.
Vietnam Manufacturing Export Processing Co (VMEP), which is controlled by the Chinfon group (慶豐), plans to build a new automobile plant with an annual capacity of 10,000 vehicles, the Industry Ministry official told Dow Jones Newswires.
VMEP will add US$70 million to its existing US$160 million investment to make light trucks, small buses and passenger cars of six to eight seats, he said.

Energy use drops slightly
Energy consumption fell 1.2 percent from a year earlier in April as factories used less energy, the government said. The nation burned the equivalent of 8.29 million kiloliters of oil in April, with industrial companies, including manufacturers, accounting for 58 percent of that consumption, the Bureau of Energy said on its Web site yesterday. Industrial companies used 1.2 percent less energy in April, the bureau said.
The nation used 16.3 billion kilowatt-hours of electricity in April, 1.7 percent more than the same month last year, the bureau said.

NT dollar declines
The New Taiwan dollar traded lower against its US counterpart, declining NT$0.046 to close at NT$31.425 on the Taipei foreign exchange market.
Turnover was US$750 million, up from US$617 million on Monday.

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