Business

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 billions of dollars sent from overseas each year fund new homes, expand businesses and support extended families.

The Hanoi Alcohol, Beer and Beverage Joint Stock Corporation (Habeco) inaugurated the Hanoi – Me Linh Brewery o­n August 15.

Five importers of hybrid cars have complained that they were not given tax incentives promised for energy-efficient vehicles.

PM Nguyen Tan Dung has come to a decision regarding the future of ship-building giant Vinashin, limiting it to three focal points.

CBRE’s Richard Leech proposes a mix of trade centres and upgrading traditional markets for development.

The damage inflicted by intensive farming on the environment and human health were highlighted at a meeting held in HCM City.

Apple's South Korean distributor said Monday it would start taking preorders for the iPhone 4 this week before its official launch next month.

The first-half report cards of property companies make for sorry reading as the commercial real-estate market remained depressed.

Citibank has cut a deal to arrange a credit of US$470 million for PetroVietnam Nhon Trach 2 power plant project.

The Government has promulgated a National Action Plan on Anti-money Laundering and Combating Financing of Terrorism for the period from August 2010-August 2011.

The Prime Minister has approved a plan to disburse about VND16 billion (US$842,000) from the State budget on trade promotion programmes in border regions.

South Korea's state-run oil company has discovered additional oil and gas deposits in Vietnam, the government said.

The first phase of a scheme to set up an early warning system on anti-dumping proceedings against Vietnamese exports is due to be put into operation in this September.

Vietnam fuelled the surge in Asian beer production, with an increase of more than 24 per cent in beer manufacturing over 2009.

Habico Tower is now dishing out apartments starting at USD 1.1 million and rising all the way to USD 4.4 million on the top end.

What standards do people use when they refer to office towers in Vietnam as A, B, or C-class buildings? There are still no such standards in Vietnam.

The State Bank has started loosening its monetary policy through pumping capital into commercial banks to muscle-up export and rural area credits.

World stock markets sank after the US Federal Reserve and the Bank of England downgraded their economic outlooks, sparking deep concern over the global recovery.