Prices of condotels across the country have dropped by 8 per cent this year compared to 2018. Photo Batdongsan.com.vn HCM CITY — Prices of condotels have dropped by 8 per cent this year compared to 2018 following disruptions in the profit commitments made to buyers, according to real estate portal Batdongsan.com.vn. The website has released an overview of the real estate market this year, noting the “gloomy” signs in the condotel segment next year. “The year 2020 will be a tough one for the condotel segment as investors are losing confidence after the recent failure by a developer to commit to paying a huge yearly profit of 12 per cent to its customers,” it said. The average price of condotels nationwide dropped from VNĐ40 million (US$1,723) per square metre last year to only VNĐ35 million in the fourth quarter this year, a fall of 8 per cent year-on-year. The potential of the condotel segment is considered less attractive than … [Read more...] about Condotel prices fall amid failed profit commitments
Majors for non profit organizations
Situational context, bottlenecks of plastic waste management in Vietnam
Editor's note: Naina Batra is the chairperson and CEO at the Asian Venture Philanthropy Network, a Singapore-based non-profit that has offices in 13 countries around the world, including Vietnam. AVPN has over 487 members from 32 countries and undertakes field building activities in Asia while providing a range of networking and learning services to support its members and followers to create meaningful social impact. Most consumers are not aware of the ill impacts of plastic or how to recycle. At-source separation of waste is minimal and while this is changing in some parts of the country, the scale and level of success are still unknown. Overall, financial and technical support in plastic waste management is insufficient. Investment in modern recycling facilities will require private sector participation. However, many challenges exist in coordinating multi-stakeholder cooperation. For instance, public-private partnership projects that exceed more than … [Read more...] about Situational context, bottlenecks of plastic waste management in Vietnam
Direct US flights: Vietnam’s 16-year-old dream remains unfulfilled
The Ministry of Industry and Trade in 2003 ordered Vietnam Airlines to begin direct services by 2005. Not only did it not comply but to this day the flag carrier remains concerned about the route’s profitability though it received a permit from the U.S. Department of Transportation for direct flights in September. Its CEO, Duong Tri Thanh, said it would be difficult to attract passengers with direct flights, referring to the fact they would be more expensive than a flight with a stopover en route. Direct flights would thus appeal mostly to business-class passengers, but their current number is not large enough to make the flights profitable, he said. Echoing Thanh, Nawal Taneja, an aviation expert at The Ohio State University, said business-class passengers should be the focus since they travel regularly and are willing to pay more for speed and efficient service. There should be daily flights, he added. Another concern is logistics. Thanh said as of now his carrier has no … [Read more...] about Direct US flights: Vietnam’s 16-year-old dream remains unfulfilled
From waste to resource: If we are to keep plastics out of the ocean, we must transition to a circular economy
Editor's note: Naina Subberwal Batra is the chairperson and CEO at the Asian Venture Philanthropy Network, a Singapore-based non-profit that has offices in 13 countries around the world, including Vietnam. AVPN has over 487 members from 32 countries and undertakes field building activities in Asia while providing a range of networking and learning services to support its members and followers to create meaningful social impact. We are drowning in plastics. Unless we change our behavior, there will be more plastic by weight than fish in the ocean by 2050. Solving this crisis requires us to do more than just banning plastic straws. We need a paradigm shift. We must adopt deep structural changes to our plastic production and consumption patterns in order to move away from the extractive linear model of ‘take, make, use and dispose’ towards a ‘closed-loop’ circular economy – an economy that is intentionally restorative. … [Read more...] about From waste to resource: If we are to keep plastics out of the ocean, we must transition to a circular economy
Various activities in response to World No Tobacco Day
Speaking at the workshop, Prof. Ngo Quy Chau, Deputy-Director and a doctor of the Hospital, said that smoking is the leading factor causing cardiovascular and cardiac diseases in Vietnam and around the world. Smoking just one cigarette a day increases the risks of heart disease by 50 percent and increases the risk of stroke by 25 percent in comparison with non-smokers. Thus, the benefits of smoking cessation will reduce the risk of cardiovascular diseases and subsequent deaths by these diseases. Prof. Ngo Quy Chau speaking at the workshop * Responding to the “World No Tobacco Day” and the “National No Tobacco Week,” youths from the Engineer Officers School - Ngo Quyen University held various practical activities, such as strictly abiding by the regulation of "No smoking in the barracks," promoting information dissemination on preventing the toxic effects of tobacco and organizing activities and emulation movements so that each individual can … [Read more...] about Various activities in response to World No Tobacco Day