Sa Pa needs 4,000-6,500 cubic meters of water a day, but the water plant can supply only 3,000 cubic meters. The reservoirs providing daily-use water to the entire Sa Pa town are becoming depleted. In such conditions, water plants have to alternate water supplies. Many hotels have refused guests. Some restaurants have had to buy water carried from other areas at the high price of VND500,000-550,000 per cubic meter. Hospitals also suffer from water shortage. Sa Pa district’s General Hospital’s director confirmed the one week-long water shortage. Asked about the reasons, Phung Chi Sy from the Vietnam Institute of Tropical Technology and Environmental Protection attributed it to the decline of underground water and the effects from hydropower plants. Developing hydraulic power was a good decision, but developing too many hydropower plants with high density have had an adverse effect on the environment and people’s socio-economic activities. “The depletion of … [Read more...] about What does Sa Pa need – water or hydropower?
What does boutique hotel mean
The Hanoitimes - Let’s see what people around the world expect from this event. Vietnam emerges as peace mediator amid Trump-Kim summit The second summit between US President Donald Trump and North Korean leader Kim Jong Un is expected to bring about something that help set up sustainable peace for the Korean Peninsula and the whole world. Is it possible to have an end for the war on the peninsula instead of the ceasefire agreement that has lasted for more than six decades? Let’s see what people around the world expect from this event. Professor Katsuhito Asano – former Japanese State Secretary for Foreign Affairs, Deputy Chief Cabinet Secretary Professor Katsuhito Asano. Photo: El I think that’s not easy. The result of the conference will be the announced agreement to end the war against North Korea. Accordingly, the North will break nuclear power. The US will withdraw its troops from South Korea. Atomization was not … [Read more...] about What does the world expect from second Trump-Kim summit?
David Wijeratne, PwC’s Growth Markets leader On September 12, David Wijeratne, PwC’s Growth Markets Leader, will present findings of a PwC report on the future of ASEAN at a press conference at the World Economic Forum on ASEAN meeting in Hanoi. ASEAN – a unique growth story 2017 marked the 50th anniversary of ASEAN, which is a unique achievement considering the conflicts and poverty which characterised the region in the first half of the 20th century. Since its inception, ASEAN has not only doubled its membership, but has also successfully weathered both the Asian financial crisis of 1997 and the global economic crisis of 2008–2009, to become the sixth-largest economy globally. Along this remarkable growth journey, ASEAN has managed to balance economic growth with human development to lift millions of people out of poverty across the entire region. However, a number of challenges, including a slowdown in short-term economic growth, weak workforce … [Read more...] about What does the future hold for ASEAN?
The Hanoitimes - CNN Travel has recently published an article by Kate Springer Travel suggesting the best boutique hotels in Hanoi`s Old Quarter. According to the CNN: Hanoi might be famous for its impenetrable walls of Vespas, but the city isn't quite as chaotic as it's chalked up to be. Wandering about the capital of Vietnam, travelers expecting a wild urban adventure might be pleasantly surprised to also find quiet, leafy streets and hidden coffee shops. One of the most charming aspects of the city is the plethora of restored neoclassical and Gothic architecture -- a holdover from the city's stint as a French colony from 1883 to 1954. It's easy to romanticize the era, given the beautiful remains, but it's worth remembering that this was a difficult time for Hanoi, afflicted with opium addictions and oppression. Despite the turbulent history, the resulting architecture is worth admiring. One way to experience it is with a stay at one of the city's many boutique hotels. Located … [Read more...] about CNN suggests eight best boutique hotels in Hanoi’s Old Quarter
Kyoei Steel is working hard to buy Vietnam Italy Steel (VIS) shares while VIS is operating at a loss, raising the question - what does the Japanese steel producer expect to gain from a loss-making firm? What does Kyoei hope to gain from loss-marking Vietnam Italy Steel? Most recently, Kyoei registered to purchase an additional two million shares of VIS. The transactions are expected to be carried out between July 19 and August 16, 2018. Once successful, Kyoei will increase its ownership in VIS to 70.42 per cent from the existing 67.7 per cent. In early July, Kyoei completed the purchase of another two million VIS shares via the put-through method to increase its stake in VIS to the current 67.7 per cent. Kyoei became the strategic partner of VIS in late 2017 after buying more than 14.7 million shares, or 20 per cent ownership, from previous shareholder of VIS – Thai Hung Company. In May 2018, the Japanese firm purchased another 33.2 million VIS shares from Thai … [Read more...] about What does Kyoei hope to gain from loss marking Vietnam Italy Steel?