Political crisis

The high growth of accommodations, especially 1-3 star hotels, has caused a hotel oversupply in Da Nang. Just within the first six months of 2019, Da Nang added 100 more accommodation facilities with 6,000 rooms. More 1-3 star hotels have arisen in the last three years, especially in coastal areas in the districts of Son Tra and Ngu Hanh Son. Hotels are in close proximity to one another on the streets of Vo Nguyen Giap, Ha Bong, Ho Nghinh and Nguyen Van Thoai. There are up to 50-70 hotels in a short section of road, just 500 meters long. Of these, 1-3 star hotels are the majority. According to the Da Nang Tourism Promotion Center, there are 650 1-3-star hotels out of 820 accommodation facilities. Meanwhile, there are only about 80 4-5 star hotels. The remaining are high-end resorts, villas, standard apartments, and guest rooms with standard rooms for lease. Nam Lich  Rampant hotel development is a waste of national resources The hotel room redundancy is deepening in … [Read more...] about Da Nang is in hotel oversupply crisis

 Deputy Prime Minister Trinh Dinh Dung (R) and Mongolian Minister of Food, Agriculture and Light Industry UlaanChultem (Photo: baochinhphu.vn)   Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung held a reception in Hanoi on December 6 for Mongolian Minister of Food, Agriculture and Light Industry Ulaan Chultem who is in Hanoi to attend the 17th meeting of the Vietnam-Mongolia Inter-Governmental Committee for Economic, Scientific, and Technical Cooperation. Dung noted that the traditional relationship between Vietnam and Mongolia is growing in all fields such as politics, economy, trade and culture, reflected through people-to-people diplomacy and regular meetings at all levels. He welcomed the Mongolian minister’s visit which takes place at a time when the two countries are celebrating the 65th founding anniversary of diplomatic ties. Dung held that economic, trade and investment partnerships between the two countries have yet to meet potential and … [Read more...] about Vietnam, Mongolia seek stronger economic, trade ties

Deputy Prime Minister Truong Hoa Binh (R) receives Deputy Secretary General of  OECD Jeffrey Schlagenhauf (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Truong Hoa Binh hosted a reception for Deputy Secretary General of the Organisation for Economic Cooperation and Development (OECD) Jeffrey Schlagenhauf in Hanoi on December 6. Binh welcomed the selection of Vietnam as the host of the 10th Regional Conference on Preventing and Combating Corruption in Infrastructure Projects in Asia Pacific by the OECD in coordination with the Asian Development Bank (ADB) and the Anti-Corruption Initiative for Asia Pacific.   He thanked the OECD for helping Vietnam review development polices, including the investment policies in 2017 and 2018. In February this year, the two sides started the building of Vietnam’s Multi-dimensional Country Review (MDCR), which will serve the drafting of the country’s socio-economic development strategy in the 2021-2030 and the … [Read more...] about Deputy PM asks OECD to share experience in fighting corruption

Chairwoman of the National Assembly Nguyen Thi Kim Ngan and European Commissioner for Trade Cecilia Malmstrom exchanged ideas related to the signing and ratification of the EU-Viet Nam Free Trade Agreement (EVFTA)  and the EU-Viet Nam Investment Protection Agreement (EVIPA) during their meeting in Hanoi yesterday. EVFTA - a lever for Vietnam’s economic growth EVFTA to help improve Vietnam’s competitiveness: researcher Chairwoman of the National Assembly Nguyen Thi Kim Ngan (r) welcomes European Commissioner for Trade Cecilia Malmstrom in Hanoi yesterday. — VNA/VNS Photo Trong Duc The top legislator highly valued the role of the EU and the trade official in promoting the signing of the two agreements. Malmstrom said the signing shows remarkable progress in the relations between Vietnam and the EU which helps reinforce the bilateral partnership and comprehensive cooperation. With the two pacts, the two sides hope bilateral relations will reach further … [Read more...] about Top legislator, EU trade commissioner talk about EVFTA

First Deputy Chairman of the State Duma of Russia Ivan Ivanovich Melnikov (Photo: VNA) Moscow (VNA) – First Deputy Chairman of the State Duma of Russia Ivan Ivanovich Melnikov has voiced his hope that the upcoming trip by Vietnam’s National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan will give a new impulse to parliamentary cooperation, thus helping bolster the countries’ comprehensive strategic partnership. In an interview given to Vietnam News Agency ahead of Ngan’s official visit from December 8 to 12, Melnikov, who is also Vice Chairman of the Communist Party of the Russian Federation, said his country attaches great importance to the trip, which is made amid the Russia Year in Vietnam and the Vietnam Year in Russia 2019 – 2020 and on the threshold of the 70th founding anniversary of their diplomatic ties (January 30, 2020). During the tour, Chairwoman Ngan is scheduled to meet with Speaker of the Federation Council Valentina I. Matviyenko and … [Read more...] about Top legislator’s visit hoped to further boost Vietnam-Russia parliamentary ties