Duong thuy vi

The 200-year-old Tich Thien Duong is the only remaining ancient house left in Da Nang city, in which traditional Vietnamese ancient architecture is still kept intact. Situated amidst a lush garden full of fruits and trees in Tuy Loan village, Tich Thien Duong represents the connection between the past and present, between time-honoured cultural value and modern life. The house’s owner, Do Huu Minh, has tried his best to preserve the house with his whole-hearted efforts in order to prevent it from deteriorating as time goes by. Peaceful and relaxed is the common feeling among visitors when they enter Tich Thien Duong. The house consists of three compartments and two lean-tos. Its roof was covered with imbrex and tegula roof tiles. The house is supported by 36 large jackfruit wood-made pillars, which were carved and decorated by skilled craftspeople from Kim Bong carpentry village (Quang Nam province). According to Minh, the house was built by his great grandfather around two … [Read more...] about Tich Thien Duong, a 200-year-old house in Da Nang

Duong River Surface Water Plant In the latest change in business registration by Duong River Water Surface Plant JSC (Duong River), Do Thi Kim Lien officially left her the position as the CEO.She also left her post as general director of Aqua One JSC that owns 41 per cent of the shares in Duong River. Despite that, Lien kept her position as Duong River’s chairwoman. Taking her seat in both companies is Ta Duc Hoang, a member of Duong River’s management board. The business registration certificate also saw a significant change in the company’s leadership after Thailand-based WHA Utilities & Power Plc. (WHAUP) acquired 34 per cent of the stakes. Accordingly, Duong River’s leadership structure has been rearranged with new Thai faces like Natthapatt Tanboon-Ek (member of the board of supervisors), Jareeporn Jarukornsakul (member of the management board), Vivat Jiratikarnsakil (member of the management board), and Wisate Chungwatana (member of the management … [Read more...] about Water price scandal pulls down Duong River company’s CEO

Duong River Surface Water Plant is invested with the capital of VND5 trillion ($217.4 million) WHAUP in early November officially acquired 34 per cent of Duong River Surface Water Plant around the time when Song Da Water Investment JSC was caught up in a scandal over its polluted water supply. The Thai investor may have been caught off guard by the sky-high water prices Duong River now has to charge, which has caused enough of a stir to force the CEO of the management board to leave her position. According to the Document No.3310/UBND-KT two years ago, Hanoi People’s Committee approved to buy water from Duong River at the price of VND10,246 per cubic metre, more than double the price of Song Da Water Investment JSC and other water companies. When the first phase of the plant became operational in September, Duong River company started selling water at this price, causing a stir among the public. Explaining the queries around the price, Do Thi Kim Lien, CEO of the management … [Read more...] about WHAUP’s investment in Duong River may not live up to expectations

MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the central bank increased issuance of bills. Vietnam’s bond market registered growth of 3.4% on-quarter and 1.9% on-year to US$55.1 billion as of the end-September, according to the latest edition of the Asian Development Bank’s (ADB) Asia Bond Monitor.  This expansion was due mainly to a 4% on-quarter growth in government bonds to US$51 billion as the State Bank of Vietnam (SBV), the country’s central bank, increased issuance of central bank bills. The overall expansion of the country’s local currency bond market was slightly tempered by a 2.8% contraction on-quarter in the corporate bond market to US$5 billion. Nevertheless, the corporate bond market still posted growth of 4.2% year-on-year.    Yield movement Vietnam’s local currency government bond yield curve shifted downward between August 31 and October 15. Bond yields for … [Read more...] about Vietnam’s bond market grows 1.9% in Jan-Sep, reaching US$55 billion