Vietnam’s two major hubs took joint second place among the best value destinations in the Lonely Planet’s recently released "Best in Travel 2016" list. According to the travel giant, Vietnam’s cities are tops for budget options. "Both Ho Chi Minh city and Hanoi are in that most magical of price brackets for the budget traveler with USD20 per day or less for food, lodging and sights." "Finding these prices will take you firmly into the territory of living like a local, which is another vote in favour of making a super-cheap city trip at some point this year," noted Lonely Planet. The magazine’s 2016 list "highlights not the places travelers are headed to next year, but the places our team determined they should visit," says Tom Hall, Lonely Planet's editorial director. Other rankings on the list are Estonia, East Africa, New Mexico, Bosnia-Herzegovina, Galicia (Spain), Quebec (Canada), Costa Rica’s Caribbean coast, Timor-Leste and Western … [Read more...] about Hanoi, HCM city listed among best value destinations in 2016
Giant city lodge
The ill-fated Dankia-Suoi Vang resort complex - previously Vietnam's largest tourist project — is set for a revival, provided the Japanese investor receives approval for its $1 billion investment plan. Paraplan recently lodged an application to turn the 5,000 hectare Dankia-Suoi Vang area, 12 kilometres north of Dalat downtown, into a high-end resort complex with villas, golf courses, five-star hotels and hospitals.Nguyen Xuan Kien, director of the Lam Dong Planning and Investment Department, told Vietnam Investment Review that the local government wanted to see Paraplan's application quickly approved so the investor could begin work before the year's end."The Dankia-Suoi Vang project has been deadlocked for such a long time and we do not want to see this become commonplace in Lam Dong," Kien said.Licenced in 1998, an alliance of three Singaporean companies - Natsteel, Jurong Environment and LKN Management Service Ltd in partnership with the local Lam Dong Tourist Company - … [Read more...] about Life for giant tourism project?
Vietnamese property group Bitexco on Friday awarded a contract over the management of its future luxury hotel in the capital city of Hanoi to the U.S.-based hotel giant Marriott International Inc. Under the agreement, the hotel group will manage the architecturally-stunning 450-room, nine-story JW Marriott Hotel Hanoi when it is launched in 2012. The accommodation facility has total investment capital of around US$130 million and will be built on 63 hectares of land and on 16 hectares on the water surface, and is adjacent to the NationalConvention Center in the city's Tu Liem District. According to Ed Fuller, president and managing director for international lodging for Marriott, JW Marriott Hotel Hanoi is the first five-star hotel project in Vietnam to be managed by the American hotel group under the high-end brand JW Marriott. Fuller said at the signing ceremony in Hanoi that this initial hotel project marks a milestone for Marriott's future partnership in the hospitality industry in … [Read more...] about Bitexco awarded a contract over the management of its future luxury hotel in the capital city to the U.S.-based hotel giant Marriott International Inc.
On November 5, the State Auditor sent the Audit Plan for 2013 to the National Assembly, by which it will assess the current status of public investments, financial management and production efficiency of businesses, state corporations, state-owned commercial banks and other financial institutions. In 2013, 16 ministries and central agencies will be audited, in addition to the State Bank, under the regular annual audit. Six state corporations are on the list for scheduled audits including EVN, Petro Vietnam, Coal Mining, Textile, Rubber Industry and Telecommunications. There are 16 other state-owned groups of enterprises on the list of scheduled audits, including the Vietnam Airlines and Song Da Corporation. Four commercial banks are on the plan including Joint Stock Commercial Bank for Industry and Trade, Joint Stock Commercial Bank for Foreign Trade, the Bank of Agriculture and Rural Development and the Development Bank. Meanwhile, the state-run oil and gas giant Petro … [Read more...] about Audit of many ministries, giant companies in 2013
In the eastern Chinese city of Wuxi, home to the world's biggest maker of solar panels, labour is so cheap that workers carry out jobs by hand while machines designed to perform the same tasks sit idle. The low cost of labour, coupled with the massive scale of production at its 14,000-person plant, have enabled China's Suntech to become the global industry leader in just a decade. Chinese producers now dominate the global solar power business. But their success has become a major global trade issue as American companies accuse them of dumping in the US market and receiving unfair subsidies from Beijing. The US government is due to announce findings on the issue later this month, which could result in duties against Chinese manufacturers. Suntech denies unfair business practices have helped make it the world's largest producer, but it makes no secret of its strategy of keeping prices low to boost sales and make solar power available to more people. "We don't believe we have … [Read more...] about China solar giant faces glare of US trade row