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Many hotels have been put on sale in Nha Trang and Danang cities due to losses caused by the Covid-19 pandemic. Bellevue Hotel temporarily closed due to Covid-19 Many hotels in Son Tra and Ngu Hanh Son districts, Danang City, have been put on sale after Tet. A 600 square metre four-star hotel on Vo Nguyen Giap Street with 19 floors and 125 rooms has been offered at the price of VND440bn (USD19m). Other hotels on Ha Bong, Tran Bach Dang and Ho Xuan Huong streets were also put on sale. Hoang Lam, a hotel owner on Tran Bach Dang Street said, "We tried to maintain business but our funds ran out and we have to sell the hotel to repay loans. We don't have income while the operational costs remain high." Do Van Hien, an employee at Dana Hotel, said, "The hotel business was still good during the 2016-2019 period. But I have seen many two-star to four-star hotels being put on sale when the second Covid-19 outbreak in Vietnam started. Since 2020, very few visitors … [Read more...] about Nha Trang and Danang hotel owners sell up

The Hanoitimes - Effective implementation of the OCOP program helps localities realize their potential in economic development and promote tourism, said a local official. To date, Hanoi has set up nine showrooms across the city to promote and sell products under the national’s One Commune One Product (OCOP) program, with a view to honoring prominent craft villages’ goods. The showrooms not only help bring high quality products to local customers, but also contribute to economic development in rural areas. Hanoi's leaders visit an OCOP showroom. Photo: Hoang Quyet. Under the instruction of the Hanoi People’s Committee and the Ministry of Industry and Trade, the municipal Department of Industry and Trade has identified multiple locations to set up OCOP showrooms in Hanoi during the 2019 – 2020 period. In October, the Department in collaboration with Gia Lam district People’s Committee launched an OCOP showroom to boost sales of local products and promote … [Read more...] about OCOP program breathes life into Hanoi rural economy

Investors should temporarily observe the movement of money flow in the next sessions to re-assess the state of the market. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The local market is forecast to move sideways with a strong divergence among stocks this week, with large-caps accumulating to enter a positive trend, analysts said. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.26 per cent to close Friday at 1,168.47 points. It declined by 0.43 per cent last week. An average of 579.2 million shares were traded on the southern exchange each session last week, worth VND14.8 trillion (US$641.3 million). “This week, the market is forecast to see cumulative and sideways movements with alternating up and down sessions,” said a stock analyst at Bảo Việt Securities Co (BVSC). “The index is likely to challenge the resistance zone at 1,175-1,185 points in the first sessions of next week. This shall put shaking and correcting pressure on the market when … [Read more...] about Market set for up and down week

Manga artist Kamentotsu didn’t expect much when he uploaded a four-panel strip about an anthropomorphic bear who runs a cake shop to his Twitter account three years ago. But the first instalment of “Koguma’s Cake Shop”, drawn as consolation for a tired friend, attracted tens of thousands of likes. Within a week, 40 companies had approached him with offers. “Publishing company editors have gone from bringing up manga artists, like they are farming, to hunting for them,” said Kamentotsu, who goes by his pen name and wears a mask in media appearances. Japanese manga artist Kamentotsu, who goes by his pen name and wears a mask in media appearances, draws his four-panel strip comic 'Koguma's Cake Shop' at his workspace in Tokyo, Japan October 8, 2020. Photo: Reuters By searching for talent online, publishers squeezed by the rise of the internet can see an artist’s audience potential out in the open. For Japan’s striving manga artists, many of whom toil in obscurity … [Read more...] about For manga’s striving artists, success lurks online

SCG headquarters in Bang Sue District, Bangkok, Thailand. — Photo courtesy of SCG HÀ NỘI — After buying Duy Tân Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Việt Nam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tân will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tân Plastic Manufacturing Corporation and Duy Tân Long An Corporation, to SCG’s SCG Packaging, Duy Tân said. Duy Tân Plastic is a leading company in the plastic goods market in Việt Nam with revenue of VNĐ4.7 trillion in 2020. It has nearly 1,000 commodities units and 16,000 distribution agents across the country. The company’s annual capacity reaches 116,000 tonnes of hard plastic packaging and plastic goods. SCG, Thailand’s largest cement producer, will buy the stakes over three years, starting from 2021. The deal takes a long time as it is based on business results, … [Read more...] about Thai conglomerate SCG now dominates Việt Nam’s plastic production industry