Representatives of Da Nang present investment licences to seven investors at the Da Nang Hi-Tech Park and Industrial Zones. More than US$280 million will be poured into the city's IZ and Hi-tech Park. — VNS Photo Quoc Dung Six investment licences and one investment proposal project at Da Nang Hi-Tech Park and Industrial Zones worth more than US$280 million have been granted to domestic and foreign investors. The Authority of Da Nang’s industrial zones and high-tech park (DHPIZA) granted an investment proposal by Arevo Inc from the US for a 3D printer manufacture project at Da Nang High-Tech Park with a total investment of US$135 million in a ceremony on Tuesday (February 23) Head of the DHPIZA, Pham Truong Son, said the project plans to produce composite and carbon fibre as well as software solutions and services for the 3D printing industry. Arevo, based in Silicon Valley, is pioneering composite production through digitalisation and automation, and the world's first high … [Read more...] about Hi-tech investors flock to Da Nang
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Unable to cover expenses during Covid-19, owners sell hotels at cheap prices
Many offers to sell coastal hotels in Da Nang have appeared on real estate forums these days. Most of them are located in districts Son Tra and Ngu Hanh Son. A hotel put up on sale On just one real estate website on February 22 many ads were listed. A 4-star hotel on Vo Nguyen Giap street, 600 square meters, with 19 stories, 125 rooms and 2 conference rooms is offered at VND440 billion. Hotels on the major streets of Ha Bong, Tran Bach Dang, Ho Nghinh, Vo Nguyen Giap and Ho Xuan Huong are offered at tens or hundreds of billions of dong. Hoang Lam, the owner of a hotel on Tran Bach Dang street, said accommodation service providers have been hit hard by Covid-19. “We have been struggling to survive by cutting costs. However, as capital is getting exhausted, hotel owners have to liquidate assets to pay bank debts,” he said. “Selling hotels is unavoidable as there is no source of revenue, and the operation cost is high,” he said. Do Van Hien from Dana Hotel, a broker, … [Read more...] about Unable to cover expenses during Covid-19, owners sell hotels at cheap prices
Two Vietnamese beaches among top beaches in Asia
My Khe Beach in Da Nang city. (Photo: VNA) HCM City (VNS/VNA) – TripAdvisor readers have named My Khe in the central city of Da Nang and An Bang in Hoi An city among the most beautiful beaches in Asia . Around three kilometres from Hoi An, An Bang was in the 24th position on the list of 25 best beaches in Asia, while My Khe finished off the list. An Bang is one of the few white-sand beaches left in Vietnam that has yet to be spoiled by the boom in beach tourism that has resulted in overcrowding, coral damage and environmental pollution. Once a hidden gem in the old town, the beach entered the international limelight when CNN listed it as one of the 100 best beaches on earth in 2011. The 10-km-long My Khe beach running from the base of Son Tra Peninsula to Marble Mountains was catapulted to global fame when Australian newspaper The Sunday Herald Sun listed it among Asia's 10 most beautiful beaches in 2012. Considered Vietnam’s most picturesque beach, My Khe … [Read more...] about Two Vietnamese beaches among top beaches in Asia
World News in Brief: February 26
* China and India should firmly follow the right path of mutual trust and cooperation between neighboring major countries, and not go astray with suspicion and distrust nor fall back on a road of negative retrogression, Chinese State Councilor and Foreign Minister Wang Yi said Thursday. Wang made the remarks in a telephone conversation with Indian External Affairs Minister Subrahmanyam Jaishankar, stressing that the two sides should maintain the strategic consensuses reached by their leaders. * As COVID-19 transmission rates seemingly decline across the European Region, the World Health Organization (WHO) Regional Director for Europe Hans Kluge expressed health concerns over "long-COVID" or "post-COVID" symptoms at a virtual press conference on Thursday. * Russian President Vladimir Putin discussed the situation in Armenia in a telephone conversation with Armenian Prime Minister Nikol Pashinyan on Thursday, the Kremlin said. * The Pentagon confirmed on Thursday that the US … [Read more...] about World News in Brief: February 26
Investors confident in Vietnam’s innovative startup ecosystem
Head of the Vietnam representative office of Genesia Venture s Hoang Thi Kim Dung speaks at a workshop on attraction of venture investment capital for innovative startups (Photo: hoilhpn.org.vn) Hanoi (VNA) - Investor s are confident in the potential of Vietnam's innovative startup ecosystem, and believe the country will become a big investment market in the region and the world, according to head of the Vietnam representative office of Genesia Ventures, an investment fund of Japan, Hoang Thi Kim Dung. According to a report published by Do Ventures - a venture capital fund that focuses on making investments in tech startups in Vietnam and Southeast Asia - in 2020, Vietnam's innovative startup ecosystem ranked third in Southeast Asia, after Singapore and Indonesia. Vietnam’s national innovation startup ecosystem is likely to earn a berth in the top 15 emerging ones in the Asia-Pacific region by 2030, the report said. The Prime Minister in 2016 approved a project … [Read more...] about Investors confident in Vietnam’s innovative startup ecosystem