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Nguyen Thi Tuoi, a 64-year-old woman living in the district, recently finished a five-story building with 41 rooms for rent after a year of construction. In order to meet the high standards of renters, she decided to fully furnish the rooms with beds, closets, desks, chairs, air conditioners, and private bathrooms. She also installed a fire alarm system that is up to standards inside the building. She plans to fix the price of rent at VND3 million (US$123) per month. The idea of starting a rental business came to her at the beginning of 2022, when she saw that there was high demand from students of FPT University and Vietnam National University Hanoi, especially because many nearby rentals were nearly full. The five-story building with 41 fully furnished rooms belonging to Tuoi’s family in Hanoi's Thach That District, the morning of Sept. 12, 2023. Photo by VnExpress/ Quynh Nguyen "My family had a few hundred square meters plot of land right next to the road, near … [Read more...] about Hanoi’s student apartments ‘hungry’ for tenants

Practical power direction can propel SOE fortunes At a seminar last week co-hosted by VIR and the Commission for the Management of State Capital at Enterprises (CMSC), Pham Van Son, head of the CMSC’s General Department, said that the 19 groups and corporations under it have undergone significant changes in the past few years. As of the end of 2022, the total consolidated ownership capital of these groups and corporations accounted for approximately 63 per cent of the total equity and 65 per cent of the total assets of state-owned enterprises (SOEs). “In comparison to 2018, the total consolidated equity increased from over $45.6 billion to more than $49.6 billion, and the total consolidated assets rose from over $98.5 billion to $103.8 billion. Key production and business indicators achieved annual growth,” he said. Notably, these 19 groups and corporations have received approval, implemented, and completed investments in 185 group A projects and 455 group B projects. Since … [Read more...] about Practical power direction can propel SOE fortunes