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 Vietnam Petroleum Technical Services Corporation (PTSC)’s turnover in the first half of this year increased by 177 percent to VND8,157 billion, said its General Director Nguyen Hung Dung at a meeting on July 15.

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.

The Saigon Thuong Tin Commercial Bank (Sacombank) on July 15 launched a credit support package for business operations in Cambodia.

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.

On July 14, the Ministry of Industry and Trade (MoIT) sent a directive on measures to promote exports, control imports and limit this year’s import surplus.

The HCM City Computers Association (HCA) held a ceremony on July 14 to present gold medals and 5 Information and Communication Technology (ICT) awards to 41 outstanding Vietnamese businesses.

Algeria’s international weekly “Young Africa” has highlighted Vietnam’s economic development policy and urged the country to follow a similar path.

FinanceAsia, the leading financial publishing company in Asia has voted the Hong Kong and Shanghai Banking Corporation (HSBC) as the best foreign bank in Vietnam in 2010.