The Vietnamese condotel market, the only one in the region, shows serious problems because of legal deadlocks. Kai Marcus Schroter, CEO of Hospitality Tourism Management, commented that local authorities still lack necessary knowledge when assessing condotel projects. Running a condotel is not similar to operating a housing or hotel project. In the real estate market, the world once witnessed a condotel boom 15-20 years ago in the Mediterranean and Europe. But now this kind of product no longer has influence on the market. Thailand also saw a condotel boom 5-10 years ago, but there have been no new condotel projects. The investment model does not bring high profits as thought. In most Asia-Pacific markets, this product is no longer developed. The committed profit of 10 percent per annum is not seen in any other market in the world except Vietnam. The high committed profit rate is seen in Vietnam because many businesses still do not understand the operations of condotels. The … [Read more...] about Vietnam is only country still developing condotels
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Hanoi attracts most investment in 11 months
Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Hanoi. The capital city attracted 7 billion USD in FDI in the first 11 months this year. (Photo: kinhtedothi.vn) Hanoi (VNA) - Hanoi attracted the most foreign direct investment (FDI) in Vietnam during the first 11 months of this year with 7 billion USD, accounting for nearly a quarter of the total, according to the Hanoi Department of Planning and Investment. This figure was higher than the 6.3 billion USD registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about 2.1 billion USD, including 1.6 million USD for 788 new projects and 580 million USD for 160 existing projects. During the 11 months, foreign investors poured 5.3 billion USD into Hanoi through capital contributions and share purchases. Foreign investors have chosen Hanoi thanks to its good infrastructure, completed industrial zones and convenient … [Read more...] about Hanoi attracts most investment in 11 months
New Dantri classroom project launched in Nghe An
Dantri/DTiNews has started the construction of a kindergarten project in Nghe An Province on December 10. New Dantri classroom project launched in Nghe An In order to reach Hoa Xuan Village, travellers have to cross difficult mountain roads and it usually takes nearly one hour on a 15-km road to reach the destination. Even though the classrooms can't protect the children from the winds yet, Dantri readers have donated clothes to help them fight against the cold. Hoa Xuan nursery school site is part of Keng Du Commune Nursery School. All of the children there are from Kho Mu ethnic groups. The school only has one teacher who teaches and cooks for 23 children. Duy Thao, Dantri representative, said, "We can really experience your hardship after reaching the site. Today, the Vietnam Fund for Learning Promotion and Dantri Newspaper will work with the authorities in Ky Son District, Keng Du Commune and Keng Du Border Guard to start the classroom project to help the children." The … [Read more...] about New Dantri classroom project launched in Nghe An
Entire machinery of state must take heed of population mission: Deputy PM
He announced that present population mission covers not only family planning or healthcare of mothers and children but also many problems. Accordingly, the entire machinery of state and every citizen must join hand. In reality, there has been birth decline in some localities, especially in large city like Ho Chi Minh City. Vietnam is going to enter aging population at fast pace. Vietnam is one of the countries with the fastest aging population. Without good measures, the transition from the population aging period to the aged population is about 17-20 years, which is shorter than other developed countries around 70-80 years. The Deputy PM pointed out that population quality lies on both elderly people and young people have good spirit. Each baby must receive best care from their parents; accordingly, it needs a change in population management but it seemed that local administrations and society’s awareness is still low, as he said. He suggested more investment and strong … [Read more...] about Entire machinery of state must take heed of population mission: Deputy PM
Hanoi attracts highest FDI in 11 months
Production at the Hoya Glass Disk Vietnam Company in Thang Long Industrial Park, Hanoi. The capital city attracted $7 billion in FDI in the first 11 months this year. Photo kinhtedothi.vn This figure was higher than the $6.3 billion registered in the same period last year. Total registered investment capital for new projects and additions to existing projects reached about $2.1 billion, including $1.6 million for 788 new projects and $580 million for 160 existing projects. During the 11 months, foreign investors poured $5.3 billion into Hanoi through capital contributions and share purchases. Foreign investors have chosen Hanoi thanks to its good infrastructure, completed industrial zones and convenient transportation. The capital is one of the centres of economy, industry, trade and services and the population is rising sharply, creating a huge demand for housing. Unsurprisingly, the largest recipients of FDI include real estate, … [Read more...] about Hanoi attracts highest FDI in 11 months