Koos Neefjes, director and climate change expert from Climate Sense Company A smart energy industry is a forward-thinking one, creating future opportunities for both investors and consumers. It is an industry that uses information technology, is at the core of the Internet of Things, and is part of the Fourth Industrial Revolution with innovations in artificial intelligence and material science. It is also a future in which most of our energy will be green and clean. Public and private transportation will run off electricity; vehicle batteries will become part of storage capacity in the electricity grid; efficiencies will go up through decentralised power production by citizens, private and public enterprises; there will be smart management of power demand and supply; and there will be new jobs. So, is Vietnam on the way to having a smart energy industry? And what opportunities does it offer for investors? My answer to these questions is yes. But only partly, and more must be done. … [Read more...] about Preparing for a smarter future
Cheaper to buy or build a house
Spiritual offering: A man burns votive papers at the Hương (Perfume) Pagoda on the outskirts of Hà Nội. VNS Photo Trương Vị Viet Nam News An ancient tradition or a money making ploy? The practice of burning paper has been with us for generations. But in recent years what was once just fake cash and the odd gift has developed into something much more. Paul Kennedy reports. Take a walk down Hàng Mã Street in Hà Nội’s Old Quarter and you’ll discover many items on sale made from paper to ‘pass over’ to your departed loved ones. Everything from cell phones to shoes, designer handbags to iPads and even washing machines, cars, houses, servants and mistresses. If it exists in the real world, chances are, there’s a fake version for you to burn. The paper items may be a lot cheaper than the real ones, but for families, many on low incomes, they are quite literally throwing millions of … [Read more...] about Burning offerings a hot topic
Viet Nam News HÀ NỘI - Living in a small alley with no name on Hàng Chiếu Street, one of Hà Nội's old streets, Nguyễn Thị Nga (not her real name) and 11 other people in her family share a nine-square-metre room and an attic. Nga, 78, must use every inch of the room so that her family can sleep, and her house does not have a toilet. Nga would be shocked if someone wanted to buy her house. "If anybody wants to buy houses in the area, they have to accept that the house does not have a toilet, family record book or house number," she said. More than 10 other households also live in Nga's small unnamed alley. All of the houses are small, no more than 10sq.m each. Several houses are several square metres only and were built as add-on structures on the wall of another building. Lan, a local resident, said that she could sell her house for VNĐ5 million (US$220) per square metre, but if anyone bought it, they could not make a family record book because the house did not have regulated … [Read more...] about Tiny houses, tiny prices, but no sales
The Ministry of Construction and enterprises have held many meetings to find a solution to rescuing the failing housing market in the last two months, but no real solutions have been found. Reducing prices, splitting the large apartments into small ones, reducing taxes and using funds from the State budget to buy commercial housing to convert them into public housing were some of the main proposals given at various meetings and seminars held recently on the issue. The Ministry of Construction has asked the Ministry of Finance to research and implement these potential solutions, such as a 50% reduction of VAT for homes smaller than 70 sq.m and cheaper than VND15 million (USD720) per sq.m. The Vietnam Association of Financial Investors also sent the Prime Minister their proposals; giving preferential lending interests rates of 7% to people who buy homes for VND2 billion or less. Two other proposed solutions were to build resettlement areas from commercial projects and to reduce the … [Read more...] about Government falters in rescuing housing market DTiNews
Among life’s little joys is when you have your first tiff with your landlord. It’s a rite of passage. Learning to stand up for yourself and your rights in Vietnam is truly an education. Among life’s little joys is when you have your first tiff with your landlord. It’s a rite of passage. Learning to stand up for yourself and your rights in Vietnam is truly an education. Get a group of expats together and the conversation will, at some point, turn to housing and landlords. It’s described as something between being squeezed through a sugar-juice machine and trying to wiggle your way out of an executive order from you-know-who. Your lovely abode with its cozy, snazzy features soon becomes that marvelous hospitalizing dampness in the winter and pizza baking temperature come summer. The fixtures packaged as made in America but really made in China rust fast, the wood begins to warp and electrical work is possessed by an evil genie. Time to call the great … [Read more...] about Home for rent in Vietnam: Whose house is it anyway?