American investor and CEO of Indochina Capital, Peter Ryder How have you assessed the contribution of the private economic sector, especially foreign direct investment (FDI), to Vietnam’s real estate market? An interesting trend in Vietnam, which I detect, is that the real estate development has long been dominated by the private sector. This is unlike many other industries in which the government still has very large involvement. If you look at the history of real estate development over the past 25 years, we can see that Vietnam has really opened up in the post-doi moi era. In the immediate wake of this, major developers were foreign investors who typically set up joint ventures with domestic authorities. During this time, Indochina Capital began two joint ventures, one with Danang Tourism to develop the Furama Resort, and another with the Vietnam Fatherland Front and Hongkong Land to develop an office building at 63 Ly Thai To in Hanoi. In the last decade, the market … [Read more...] about Real estate at the heart of economy
Issues debated at the constitutional convention
Shuttlecocks at the ready for Vietnam International Challenge
HÀ NỘI — Nearly 300 badminton athletes from 18 countries and territories will take part in the Ciputra Hanoi - Yonex Sunrise Vietnam International Challenge on April 9-14 in Hà Nội. They will compete in men’s and women’s singles and doubles and mixed doubles at the Tây Hồ District Gymnasium. Heo Kwang-hee of South Korea is the highest ranked player in the men’s singles as the world No 46. Firman Abdul Kholik of Indonesia, No 51, is the second seed, while Việt Nam’s top player Nguyễn Tiến Minh, who ranks 64th in the world, is seeded No 3. In the women’s singles, Indonesian Dinar Dyah Ayustine who is the reigning champion, Vietnamese Nguyễn Thuỳ Linh and Malaysian Lee Ying Ying are the top three title candidates. The winners of the individual event will secure US$1,875 while the doubles champions will take $1,975, along with world ranking points. The Vietnam International Challenge has … [Read more...] about Shuttlecocks at the ready for Vietnam International Challenge
Tours to DPRK sold out at the Int’l Travel Mart
Viet Nam News HÀ NỘI — The Việt Nam International Travel Mart (VITM) wrapped on Saturday, with travel firms hailing its success. The presence of North Korea at the event triggered interest among the visitors and the media. “During the four-day event, we had 500 tourists registering to visit the DPRK,” said Nguyễn Công Hoan, director of HanoiRedtours Company. “Tours to DPRK from April to September are full. It’s an unexpected success for us.” Hoan said the Trump-Kim Summit and Chairman Kim Jong-un’s State visit to Việt Nam had boosted tourism to the DPRK. To meet the increasing demand, Vietnamese tour companies have signed an agreement with the DPRK International Tourism Company (KITC), a leading tour operator under the DPRK National Tourism Administration. A charter flight between Hà Nội and Pyongyang will be launched in June following a MoU signed between KITC and Hanoitourist Company. … [Read more...] about Tours to DPRK sold out at the Int’l Travel Mart
Japanese music fest FFKT at The Observatory
Berlin-based electronic artist Mr Ties will join the Japan’s electronic music festival FFKT at The Observatory on Friday. — Photo from the artist’s Facebook pageViet Nam News Japan’s electronic music festival FFKT will be held at The Observatory on Friday. The festival will feature Kentaro Morita, a mastermind of FFKT, and Mr Ties, one of Berlin’s most respected electronic artists who runs the monthly music party HOMOPATIK. Resident DJs Hibiya Line and Anh Vy will join the night. Morita started his DJ career in the late 90s. In 2006, he launched an open-air music festival named Taico Club, one of the leading electronic music festivals in Japan. Last year, he closed Taico Club, and then launched a new festival called FFKT. The event will start at 9pm at 85 Cách Mạng Tháng Tám Street in District 1. Entrance fee is VNĐ150,000. VNS … [Read more...] about Japanese music fest FFKT at The Observatory
Exploring caves at the foot of Voi waterfall in Lam Dong
Voi waterfall, located in the central highlands of Lam Dong, has seen large number of visitors who come to witness the pristine natural scenery and beautiful caves. Voi waterfall can be found in Nam Ban town, Lam Ha district, in the central highlands of Lam Dong. It is roughly 25km away from Da Lat city and is widely considered as one of the most beautiful waterfalls in the central highlands. Visitors have to go to the mountain by foot to truly savour the spectacular views of Voi waterfall The waterfall gets its name “Voi” from a historic love story with a tragic ending On display in Gio cave are a variety of rocks with different patterns. The entrance to the cave is only wide enough for people to enter in single file The pathway leading into Gio cave is about 20 metres and quite narrow, dark, and slippery. However, once inside the Gio cave, there is a wide space. The rocks and cliffs inside the cave are wet and are covered with green moss … [Read more...] about Exploring caves at the foot of Voi waterfall in Lam Dong
Hà Nội — Young athletes will vie for titles at the Việt Nam Tennis Federation Junior Tour 1 – 2019 which will be held in the Central Highland province of Đắk Lắk from March 23-30.
Tất Thái Nguyên will compete at the Junior Tour 1 from March 23-30 in Đắk Lắk. — Photo courtesy of VTFViet Nam News Hà Nội — Young athletes will vie for titles at the Việt Nam Tennis Federation Junior Tour 1 – 2019 which will be held in the Central Highland province of Đắk Lắk from March 23-30. Nearly 200 players will compete in age groups ranging from U10 to U18 in the singles events and U14-U18 in the doubles events. Junior Tour 1 is the first tournament in the VTF’s series for young athletes such as Tất Thái Nguyên and Trần Tiến Thịnh, champions of the boys’ U18 doubles at the VTF Junior Tour 4 – 2018. — VNS … [Read more...] about Hà Nội — Young athletes will vie for titles at the Việt Nam Tennis Federation Junior Tour 1 – 2019 which will be held in the Central Highland province of Đắk Lắk from March 23-30.
Special offer at The Reverie Saigon on Women’s Day
A Women’s Day afternoon tea buffet. — VNS photo Minh Phi. Viet Nam News HCM CITY — There is no better place to celebrate Women’s Day than at The Reverie Saigon, with a host of special offers for female diners on March 8. At R&J, the city’s premier Italian fine dining restaurant, a five-course set menu is on offer featuring delights such as poached scampi with goat cheese, watermelon and mint dressing; hand-made Sardinian Culurgiones pasta with Australian lamb, artichokes and Pecorino Romano cheese; and baked Nha Trang lobster with fennel mashed potatoes and asparagus. Priced at VNĐ1,688,000++ or VNĐ2,688,000++ with paired wines, female diners will receive a 20 per cent discount. At Café Cardinal, there will be a Women’s Day afternoon tea buffet for VNĐ548,000++. Women will receive one free glass of Mionetto rose wine. In the evening, the restaurant will host a sumptuous seafood buffet, including free flow of prosecco … [Read more...] about Special offer at The Reverie Saigon on Women’s Day
Foreign reporters are working at the International Media Centre
Just after two days of operation, the International Media Centre (IMC) for the second DPRK-USA Summit in Hanoi has received much appreciation from foreign reporters for its working facilities. Foreign reporters are working at the International Media Centre Coming to Vietnam nearly a week prior to the second DPRK-USA summit, Lee Jeong-ho, a reporter from Hong Kong-based South China Morning Post spoke highly of the working facilities at the IMC. “The food is really nice, a variety of foods, all drinks and foods are provided for free. The Internet is very fast. I am really impressed,” Lee told the Vietnam News Agency (VNA). Sharing this view, Bhavan Jaipragas, Asia Correspondent at the South China Morning Post, who once covered the first DPRK-USA Summit in Singapore, said: “It’s really comparable to Singapore. Vietnam is able to match up to Singapore, even better.” “The internet is very fast. It’s very important because we have to deliver … [Read more...] about Foreign reporters are working at the International Media Centre
Homeowners of million dollar apartments at The Grand Manhattan
After its recent launch, The Grand Manhattan by Novaland has emerged as an ideal destination for the elite in both Vietnam and foreign countries by offering a luxury living environment at the heart of Ho Chi Minh City. The Grand Manhattan creates a refined living environment for both local and foreign residents at the heart of District 1 From experienced foreign investors… Elena Goh, a property investor from Singapore, is one of the first homeowners at The Grand Manhattan. She and her husband have been following Ho Chi Minh City’s real estate market for years. At the launch of the project, they quickly made up their mind without hesitation. The main reason is that the price of high-end apartments in Ho Chi Minh City is much lower than in other markets like Hong Kong. Meanwhile, rental yields in the city can reach 4-5 per cent, compared with the 1-2 per cent in Hong Kong. With extensive experience in property investment, Elena Goh shared, “High-end … [Read more...] about Homeowners of million dollar apartments at The Grand Manhattan
Homeland Spring programme 2018 at Vietnam National Convention Centre
The Homeland Spring programme will include different cultural activities (Source: CPV)The programme will be co-organized by the State Committee for Overseas Vietnamese Affairs and Hanoi City People’s Committee to welcome back Overseas Vietnamese for Tet (lunar New Year). State President Tran Dai Quang, leaders of Party and State, Hanoi authorities, and ministries and sectors will join the Overseas Vietnamese at the programme. Famous Vietnamese singers and artists will also participate in the event. Overseas Vietnamese wishing to participate in the programme can register at the State Committee for Overseas Vietnamese Affairs at 32 Ba Trieu Street, Hanoi; via telephone at (84-4)238244400; via fax at (84-4) 382577321; or via e-mail at [email protected] Registration can also be done at Vietnamese representative offices in their host countries./. Compiled by BTA … [Read more...] about Homeland Spring programme 2018 at Vietnam National Convention Centre