How absence creates attraction

Friday's Tale Chaotic condotel business By Son Nguyen Thursday,  Dec 5, 2019,20:42 (GMT+7) Chaotic condotel businessBy Son Nguyen All are in a mess – for State agencies, localities, businesses, and property buyers – after the owner of the property project Cocobay in Danang City announced that it could no longer live up to its promise of paying an annuity of 12% for buyers of its condotel units. The shockwave is felt, not only because of the extent of imminent damages caused by the project’s failure as Cocobay is probably the biggest condotel project in the country. Rather, it is because the collapse of this business model at Cocobay is seen having a domino effect on a business sector that has shot to “stardom” lately. Confusion is also seen as authorities rush to handle projects that are now moving to brinksmanship in the absence of a legal framework. The collapse, say experts, is just a matter of … [Read more...] about Chaotic condotel business

Authorities in Quang Nam Province have discussed measures to develop more tourism services and to increase the number of tourists in My Son Sanctuary. Authorities in Quang Nam Province discussed measures to develop more tourism services The problem was discussed at the conference about heritage tourism held on December 3 in order to boost My Son tourism, keeping and encouraging tourists to stay and spend more at My Son. My Son Sanctuary receives 420,000 visitors with over VND60bn revenue every year. However, Tran Van Tan, vice chairman of Quang Nam Province, said such numbers were small compared to the annual visitors the province received which was over 7.65 million. My Son Sanctuary has huge potential to attract more tourists but most tourists only go to My Son to sightseeing for half a day before going to Danang or Hoi An because there is nothing else in My Son. My Son Sanctuary. Le Tan Thanh Tung, deputy head of Vitours Company, said domestic tourists also … [Read more...] about More services expected to bring more tourists to My Son Sanctuary

Deputy Minister of Home Affairs Nguyen Duy Thang said the examination for leading and managerial positions was designed to discover and attract capable and qualified officials (Photo: VNA) Hanoi (VNA) – The reform of the process in recruiting and appointment of managerial personnel is an important and necessary measure to develop a contingent of capable officials, in which holding examination to select candidates for key positions is considered a change that enhances transparency in personnel recruitment and promotion. At its 6th plenum, the 12th Party Central Committee issued Resolution 18-NQ/TW on some issues relating to continued reform and rearrangement for a streamlined and effective apparatus of the political system. On the eve of the 6th plenum, the Party Central Committee’s Organisation Commission became the pioneer in implementing a pilot policy on holding examination to select officials for leading positions and renewing the process to select and … [Read more...] about Party building: Transparency in personnel recruitment, promotion

Despite global economic uncertainty and possible inflation before the end of the year, Vietnam’s economy has seen encouraging signs. Vietnam’s economy is expected to continue growth momentum thanks to the government’s resolute determination and wise management, production recovery, and the advantages of new free trade agreements (FTAs). Taking advantage of opportunities In order to attain Vietnam’s economic growth target of 6.7% this year, all sectors have to make the most of opportunities inside and outside Vietnam. The processing and manufacturing industry continues to provide the driving force. Minister of Planning and Investment Nguyen Chi Dung is hopeful about the Nghi Son Oil Refinery. “If we can put the project into operation, it will create a motive power. We need to promptly resolve problems and speed up progress on major projects.” Business indexes and the number of newly established enterprises show that Vietnam’s economy has … [Read more...] about Momentum for economic growth for the rest of the year

Park Hang-seo is one of the most favorite football coaches in Vietnam, who has led the national football squad gaining many successes. Photo: VnExpress. Sancheong County would become a Vietnamese football shrine with a multi-million dollar project to build a Vietnamese style village. The county, which is the hometown of the successful coach of Vietnam's national soccer team Park Hang-seo, will invest US$3.39 million to create a Vietnamese style village in an effort to promote the local tourism, Vietnam News Agency reported. Construction of the village is slated to kick off in 2021. The local authorities said they came up with the initiative of creating a Vietnamese village in the Sancheong County during Park Hang-seo’s home visit earlier this year. On this occasion, Park also agreed to serve as the Honorary Ambassador for his home town. Under the plan, there will be an exhibition area and a soccer-themed coffee shop near Park’s house. The village is expected to … [Read more...] about RoK plans to build Vietnam-style village at coach Park Hang-seo’s hometown