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Phu My Hung New City Center is a new urban area in District 7, Ho Chi Minh City, Vietnam. The new urban area covers an area of 600 ha, and unlike most disordered urban areas in the country, features good urban planning carried out by US/Japanese architecture company. Phu My Hung's urban design master plan received the 1997 American Institute of Architects Urban Design Award. The World Bank featured it as an example of a sustainable development project. The urban area is built in harmony with the surrounding areas, dominated by green trees, canals, and pools. There are c. 50,000 people living in the area. Aside from residential developments, companies such as Unilever and Manulife have also moved their Vietnam headquarters to this new city center. The Saigon Exhibition and Convention Center opened in Nov. 2008. Phu My Hung New City Center was the first to be awarded with the "Model City" award by the Vietnam government. Phu My Hung is developed by a joint venture company between the city government and CT&D Group of Taiwan. Phu My Hung's founding chairman, Mr. Lawrence Ting, received the Friendship Medal from the Vietnamese government in December 2007. Phu My Hung has set a high standard for urban planning and development in Vietnam.