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Residential developments located close to nature and with million dollar price tags have become a growing trend in Vietnam’s property market.
PepsiCo, the world’s second largest food and beverage business, announced that it plans to invest US$250 million in Vietnam over the next three years.
The Chairman of the Municipal People’s Committee, Le Hoang Quan, has called on all sectors to strive for an annual GDP growth rate of 11.5 percent.
The Vietnamese textile and garment sector is estimated to have earned US$5.8 billion from exports in the first seven months of the year, a year-on-year increase of 17 percent.
The country’s trade deficit is expected to hit nearly US$7 billion in the first seven months of the year, accounting for 19.8 percent of total export revenue, according to the General Department of Vietnam Customs.
Vietnam’s business groups have revved up investment in Cambodia and actively contributed to the local social security programmes, said the Association of Vietnamese Investors in Cambodia (AVIC).
A memorandum of understanding (MoU) on opening international flights to Cam Ranh airport was signed in the central coastal city of Nha Trang on July 24.
The country’s Consumer Price Index (CPI) in July went up by only 0.06 percent from June, the lowest level so far against Julys since 2004. This is also the lowest increase since the beginning of the year.
The Kobelco Iron Nugget Vietnam Company (KINV) started building the first sponge iron plant in Vietnam which has a total investment of US$1 billion.
CitiBank Vietnam on July 23 announced the completion of the Export Credit Agencies-supported debt financing arrangement for the PetroVietnam Nhon Trach 2 Combined Cycle Power Plant project.
The World Bank (WB) and the State Bank of Vietnam on July 15 signed in Hanoi a credit worth US$100 million to help improve the capacity of Vietnamese governmental agencies.
US company Dot VN Inc. and Vietnam Internet Network Information Centre (VNNIC) have signed a memorandum of understanding to conduct a test of elliptical mobile solutions’ (EMS) C3-SPEAR Micro-Modular Data Centre equipment at VNNIC’s primary Internet data centre in Hanoi.
