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World’s biggest trade deal RCEP set to be signed in Vietnam in 2020

November 4, 2019 by hanoitimes.vn

The Hanoitimes – The 16-nation trade deal, which includes major economies such as India and China, would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of total trade turnover.

The world’s biggest trade deal Regional Comprehensive Economic Partnership (RCEP) would likely be signed in 2020 in Vietnam, according to a draft statement by Southeast Asian leaders obtained by AFP.

ASEAN leaders and India’s Prime Minister Narendra Modi (6th from left) pose for a group photo during the 16th ASEAN-India Summit in Bangkok on November 3, 2019, on the sidelines of the 35th Association of Southeast Asian Nations (ASEAN) Summit. Photo by Lillian Suwanrumpha/AFP.

The 16-nation trade deal, which includes major economies such as India and China, would make up nearly 50% of the world’s population, about 30% of global GDP and 28% of total trade turnover.

“Most market access negotiations have been completed and the few outstanding bilateral issues will be resolved by February 2020,” said the draft statement.

Negotiations have sputtered for several years, but the statement said the text of all 20 chapters was now complete “pending the resolution of one” member, believed to be India. But it said all members were “committed to sign the RCEP” next year in Vietnam, which will take over the ASEAN chair.

New Delhi is worried its small businesses will be hard hit by any flood of cheap Chinese goods. Indian Prime Minister Narendra Modi repeated his country’s concerns during talks with ASEAN leaders on Sunday.

Similar to the Comprehensive and Progressive Trans – Pacific Partnership (CPTPP), the RCEP is a multilateral free trade framework but at a larger scale, consisting of China, Japan, India, South Korea, Australia, New Zealand and the 10 members of ASEAN.

Beijing sees RCEP as a central pillar of its trade strategy for its Asian neighborhood, and it is backed by the leaders of ASEAN and who represent a 650 million market.

Concluding the deal has been made more pressing by the brutal tit-for-tat trade war with the US, which has chipped back at growth in China, the world’s second-largest economy.

Nguyen Thi Thu Trang, director of the WTO Center and Integration under the Vietnam Chamber of Commerce and Industry (VCCI), previously said the deal would continue to boost Vietnam’s exports, as the consumer base of RCEP is considered not too demanding, except for countries like Japan, Australia or New Zealand, while Vietnam could expect strong demand for some of its key export staples, including tropical fruits and processed foods, among others.

“However, there remain concerns over the deal,” Trang said, adding some countries are Vietnam’s direct trade competitors with higher competitiveness, while a large number of member countries means a major differentiation of requirements for goods quality.

“A shift and even disruption in trade flow should not be ruled out when the deal becomes effective, especially between countries with no free trade agreements,” Trang continued.

Pham Tuan Anh, deputy head of the International Cooperation Department under the Ministry of Finance (MoF), Vietnamese enterprises should prepare for more competition in such fields as communications, logistics, while the investment and business environments are set to become more transparent and competitive.

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Vietnam, UK sign trade deal

December 30, 2020 by hanoitimes.vn

The Hanoitimes – The bilateral trade deal will ensure the continuity in trade relations between the UK and Vietnam after the Brexit’s transitional period ends on December 31, 2020.

The UK – Vietnam Trade Agreement (UKVFTA) was signed on December 29 in London, following the conclusion of the negotiation process early this month.

Due to the Covid-19 situation, ambassadors of the two countries were authorized to sign the UKVFTA on behalf of government leaders, with the trade deal set to take place at 11.00 p.m  on December 31, 2020.

As the UK is set to leave the EU-Vietnam Free Trade Agreement (EVFTA) after the Brexit’s transitional period ends on December 31, 2020, a new FTA between Vietnam and the UK will help ensure the continuity in bilateral trade relations.

The fact that most of the clauses stipulated in the UKVFTA are similar to those in the EVFTA, significantly shortening the negotiation process for the two sides, which began in August 2018.

Under the UKFTA commitments, six years since the coming into effect of the deal, the UK will remove import tariffs for 99.2% of goods imported from Vietnam, or 99.7% of Vietnam’s exports to the country.

The EU in its EVFTA with Vietnam provides the tariff rate quotas (TRQs) with 0% tariff rate for certain imported products. The UK, meanwhile, is set to review actual trade figure with Vietnam during the 2014-16 period to make a similar decision.

On the other hand, Vietnam will immediately remove tariff for 48.5% of goods from UK, or 64.5% of import volume. The figure is set to rise to 91.8% or 97.1% of UK exports to Vietnam in six years.

The conclusion of negoatiation process in Hanoi.

Vietnam is set to have more opportunities in attracting investment capital, technology transfer, and tourists from the UK once the Covid-19 is rolled back, while the deal presages positive outlook for the Vietnam – UK relations on the occasion of 10th anniversary of the establishment of strategic partnership.

The UK is Vietnam’s third largest trade partner in Europe, behind Germany and the Netherlands.

In 2019, Vietnam’s exports to the UK reached US$6.1 billion, the country imported nearly US$800 million worth of goods and products in return.

As of August 2020, the UK has 400 valid projects in Vietnam with total investment capital of US$3.6 billion, ranking 16th among countries and territories having investment projects in Vietnam.

Filed Under: Uncategorized Vietnam, UK, Covid-19, UKVFTA, trade deal, bilateral relations, EVFTA, brexit, tpp trade deal, eu canada trade deal, trade deals, trade deal with china, sign a deal, china trade deal, trans pacific partnership trade deal, uk trade deals, trade deals with china, bank sign up deals, sign up deals betting

Vietnamese expert calls for enhancing community resilience to deal with natural disasters

February 9, 2021 by tuoitrenews.vn

In October 2020, according to the National General Statistics Office, central Vietnam was hit by four tropical storms with heavy rains and landslides that killed 129 people and damaged more than 111,200 houses. Even though the local people are no strangers to killer tropical storms, Nguyen Ngoc Huy, a Vietnamese international expert and senior advisor for Oxfam on climate change, believes more needs to be done in order to save lives and property after natural disasters.

Huy received a PhD in Environmental Studies from Kyoto University with a focus on drought risk management and climate change adaptation in 2010. He has over 15 years of experience working on water resource management, climate change adaptation, disaster risk reduction, and education in emergencies in Vietnam, Laos, and Cambodia. He has also served as an international consultant for UNISDR, UNCCD, IFAD, ADRC, and UNESCO in conducting research, studying policy, and developing tools for disaster risk reduction.

While he was a Ph.D candidate researching natural disaster mitigation, he realized that disaster management needed precise data from many fields. He continued to learn about meteorology, floods, droughts, climate change, and recovery efforts after disasters in his quest for knowledge. 

Since 2008, Huy has used social media to spread information and warnings about disastrous weather. He is motivated to share this information as he believes that forecasted information can save lives and property. Aware that countries have differences in disaster response and management and also suffer from gaps between forecasts and the needed response, he tries to narrow the gap.

To understand the weather forecast

Internet users in Vietnam refer to Nguyen Ngoc Huy as “Huy, the weather boy” and follow his weather forecasts online as they find them more understandable and useful than other forecasts.

On December 29, one forecast post about the unusually cold weather that occurred from late December to mid-January in the north and central northern parts of Vietnam had reactions from 7,000 people, 1,700 shares, and 614 comments on Facebook.

Dr. Nguyen Ngoc Huy is seen in this provided photo at Oxford University in 2019

Next to the temperature forecast for each province, Huy included recommendations: senior citizens in the area should wear proper clothes inside and outside and avoid sudden temperature changes, people in the mountainous areas should protect their buffalo and cattle by herding them and burning wood to provide heat when and where affordable. He also suggested that people consider harvesting farm-raised striped bass to avoid losses.

On the nights of October 17, 18, and 19, tropical storm Vamco caused historic flooding in Quang Tri, Quang Binh, and Ha Tinh, Vietnam. Numerous people in the provinces had to escape to their roofs in the middle of the night when circumstances were not appropriate for them to evacuate properly.

Although many other Vietnamese were moved and shocked to see such events, Huy was among a small group of people who knew historic rains were due to happen as early as mid-2020. This ability to foresee a disaster in the future through science could have avoided so many losses. However, what happened in October and November 2020 seems to show that there was a lack of readiness and preparation.

 “We can’t tell how many people knew that 2020 was going to be an extreme year of rain in central Vietnam, and we also don’t know how many people believed the prediction when they heard it. If the people had known that there would be excessive rain on the night of October 17, 2020 in Quang Tri Province, they could have evacuated sooner and the hotline for emergency rescue would not have been overwhelmed,” Huy reflected.

Huy believes that knowing about a storm one to two days in advance is enough for people in the vulnerable areas to protect their properties, as well as move to a safe place. Sometimes, those evacuating do not need to run far away from the area. It is as simple as temporarily staying at the house next door or somewhere a little farther as long as the building can properly resist the storm.

The reality of the poor response in the flood prone areas of Vietnam clearly showed that there was a need for a more meaningful weather forecast that could provide helpful information to people instead of just data and numbers.

“If we tell people that a precipitation of 20 mm will be seen in Quang Tri, most people won’t understand what it means. However, if we tell them that heavy rain will last for so many hours, where it will fall, and how likely it is that a flood will happen after so many days, the people will understand and be more likely to believe us,” Huy said.

Another example could be instead of using latitude and longitude information, which most people need to refer to a map, Huy suggested that news forecasts about storms should provide the most needed information: when and where the storm will hit the land, how strong it will be when it hits the land, and what type of housing could withstand the wind. In short, weather forecasts should be as accurate as possible while also providing useful and easily understood information.

“A very broad weather forecast that predicts a large range of possibilities and is read a few times a day everyday won’t trigger the required sense of alert,” Huy believes.

Resilient community

In an exclusive interview with Tuoi Tre News, Huy confirmed that 2020 was a historic year of tropical storms for the people in central Vietnam and emergency relief was indeed necessary. Without support from domestic and international communities, it would have been very difficult for the flood survivors to get back on their feet.

Vietnamese people, both from within and outside of the country, were called to donate money and goods to send to hard-hit provinces in the central region. The act reflected a famous proverb “La lanh dum la rach”, which simply translates into English as “the good leaves protect the worn-out leaves” and describes acts of unity in difficult times.

The question though is how to help in a sustainable and beneficial way? Social media posts showed food and clothes being tossed into the trash in the flooded areas soon after relief was sent, which demonstrated that those items were not needed. However, these things continued to pour into those areas weeks after the storm.

Partially because of this, Huy emphasizes that it is important for flood vulnerable communities to build their own resilience. In the case of the killer tropical storms in central Vietnam in October and November 2020, during the first three days, clean water, warm clothes, and ready-to-eat food were the most necessary items. However, after that, relief and reconstruction needed to be implemented.

In times of disaster, support needs to be enough and accessible for those who lose all means of living, but they also need to motivate those who can still thrive on their own. For example, people who still have land might only need some money to buy seeds for short-term vegetable crops or to start to raise poultry. Thus, loans should be provided based on the details and proposals based on needs such as rebuilding houses or restarting a resident’s livelihood.

It is important for everyone to understand that the rebuilding process takes time and it must involve the local people. No matter how long it takes, the people have to be the key players to drive it by their motivation to fix things. People in flood vulnerable areas should not be seen as victims who are waiting for the compassion of society. Contrary to that image, their dignity should be realized by strengthening their capacity to get back up with strong will and determination. This capacity is built through a process of learning through experience, continuously adapting to the changing environment, and passing the knowledge on to future generations, as has already been seen in Japan.

Not so far from Vietnam, Japan is particularly vulnerable to natural disasters because of its climate and topography, and it has experienced countless earthquakes, typhoons, and other types of disasters.

Aware of how vulnerable the country is, Japan has developed a comprehensive disaster response plan in which each individual in the society respects the plan and fulfills their role. For example, when there is a call for evacuation, clear information is released regarding where to evacuate to and the deadline to show up at the safe shelter. The people then manage their business and show up at the designated time. With this spirit and capacity, in case of disasters, it is less challenging for the government to carry out emergency response in an organized way.

For building resilience capacity in Japan, construction technique and raising awareness were among the key priorities. Infrastructure in Japan such as buildings and bridges are resistant to a certain level of earthquake or storm.

Most Japanese learn about natural disasters at school, and they are aware of their part in responding to natural disasters. This spirit and practice is passed through generations.

In Vietnam, there is a gap in passing on this disaster knowledge or experience. In areas that are prone to natural disasters, most of the people have the experience of facing storms. However, in areas where natural disasters are fairly new or only occasionally happen, such as the Mekong Delta area, the experience and knowledge is lacking.

In 1997, tropical storm Linda hit Ca Mau province, a deep southern province of Vietnam, and killed more than 3,000. Since then, a gap of 23 years is long enough for young adults in the area to lack the knowledge of how to respond to a similar storm. Due to climate change, which affects Vietnam more than most other countries according to a report of the International Panel on Climate Change, the weather will be more unstable, extreme, and more difficult to forecast in the future. Thus, the gap between generational understanding in terms of responding to natural disasters needs to be filled.

Even though weather forecasts can’t be guaranteed correct, it is wise for the people to consider the advice of the government and experts in the field. Here in Vietnam, instead of showing up at the safe shelter, local governments usually have to force villagers to evacuate. This could be avoided, if the people had enough information to evaluate the risks for themselves.

Take up lesson

For Vietnam, the stormy and historic year of 2020 meant many lessons were learned, both for short-term and long-term change.

There were questions and concerns raised in regard to building resilience for vulnerable communities. If this is not in place years into the future, after each storm, Vietnamese in other parts of the country will still need to call for donations.

“I think that emergency response should happen for a short time when really big disasters that hit people hard. For mild and average disasters, the community should be able to resist,” Huy suggests.

It is the tradition of Vietnamese to unite and share their fortune with one another. However, carrying out donation drives is not as important as building and strengthening the capacity of the vulnerable communities overall.

There is so much to learn through example in central Vietnam, such as protecting the roof (housing or factories) better. A better roof may increase building costs by 10 percent or so, but businesses and people can protect 100 percent of their properties after the storm.In central Vietnam, people typically redo their roof the same way after a storm or disaster, and this is not considered a good practice. As the saying goes, the old path does not take us to a new destination. Based on past experiences, people must renovate what needs to be better in order to prepare for the next storm. In 1999, a historic flood happened in Hue. Since then, when building new houses, local people try to have their house foundation at least equal to or even higher than the historic water level. Reflecting on what happened in the storm season of 2020, local authorities should review their capacity to respond to extreme disasters.

If the region is not fully capable of handling such events, what can be done to change the situation? Reality has shown in some places that, even when all resources are in use, they are not enough. So, local authorities should plan for alternatives to address this. Perhaps they can mobilize resources from nearby provinces? Maybe privately owned trucks or canoes can be considered for rescue purposes? In order to do such a thing, a detailed plan needs to be in place for coordination before a disaster happens.

“Extreme weather events such as heat waves and large storms are likely to become more frequent or more intense with human-induced climate change,” Huy emphasized. Around the world, including Vietnam, climate change creates the need to improve current forecast and warning systems, practices, and response plans. Studies also show the impact of disasters on the economy has increased in many countries over the years, especially coastal countries. While the economy seems to be better in many countries, the cost related to disasters has been increasing at a similar rate. It’s obvious that climate change and natural disasters are linked, so we need to change our ways to adapt to it so we can all prosper instead of suffer.”

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Size is no big deal for this Vietnamese couple

January 17, 2021 by tuoitrenews.vn

Though they may turn heads, from the inside Nguyen Duy Phat, who stands only 1.2 meters tall, is just a perfect match for his 1.6-meter-tall wife.

Life is full of highs and lows, difficulties that one would never imagine facing, and heartbreak that they have never thought possible.

But the affection between 31-year-old Phat, who currently lives and works in Vietnam’s Can Tho City, and his wife, 26-year-old Tang Thi Be Ngoc, a final-year medical student, has proved to be stronger than family opposition and mocking looks and stood strong in difficult times.

They may look a mismatched couple, but they are genuinely happy about who they are with.

Their love has been in full blossom, particularly when their two children came along before they officially tied the knot in 2018.

Love is all that matters

Phat made several friends on social media in his free time while working at a confectionery factory in Can Tho several years ago.

Among these virtual friends was Ngoc, then a freshman at the Can Tho University of Medicine and Pharmacy, with whom he felt he could pour out his heart.

More than one month after they became friends and began to feel a strong connection, Ngoc agreed to see Phat in the flesh.

Despite knowing in advance how Phat looks like through the photos he had sent her, Ngoc could not help feeling shocked at the tiny man in front of her.

“Honestly speaking, I didn’t take the relationship seriously at first,” Ngoc admitted.

“But his genuine love and consideration knocked me down before I realized it.”

Their first date was still fresh on Phat’s mind.

It was a rainy day. Phat rushed to the rendezvous, with Ngoc nowhere to be found.

Just as he was on the verge of breaking down, thinking she might have made a joke of his feelings, Ngoc showed up.

“I was overwhelmed and really grateful that such a good-looking, tall girl like her agreed to be my date,” Phat recalled.

The ‘odd pairing’ walked hand in hand beaming with confidence in the street while turning a deaf ear to giggles from bystanders and friends.

A strong-willed woman, Ngoc defied vehement objections from her own family over concerns that she would face hardship married to a physically challenged man.

Phat got his ‘dwarfish’ condition from his father, with all his brothers growing up tall like their mother.

Before meeting and falling for Ngoc, Phat had been in a brief relationship with a girl in his hometown, Kien Giang Province, approximately 106 kilometers from Can Tho.

Fierce opposition from that girl’s family left Phat despairingly doubtful that his love affair with Ngoc would go nowhere.

But real love has its own story which no one knows.

“We’re so passionately in love, this gave us strength to get over hurdles and head for a happy ending,” Phat shared.

Nguyen Duy Phat and his wife, along with their baby son, are among the 40 physically challenging grooms and brides at a mass wedding organized in 2018 by Meritorious Artist Kim Cuong (center) in this supplied photo.

Nguyen Duy Phat and his wife, along with their baby son, are among the 40 physically challenging grooms and brides at a mass wedding organized in 2018 by Meritorious Artist Kim Cuong (center) in this supplied photo.

Trusting their own hearts, Ngoc moved in with Phat shortly afterward, giving birth to their first son behind her family’s back around one year later.

Her parents did not learn of their marriage until the little boy turned almost one year old.

“I didn’t dare to let them know about my pregnancy. I gave birth to my baby without my parents by my side,” Ngoc said, adding she tried to press on and never regretted her choice.

The pair had another major concern as their worst fear was confirmed.

Though the ultrasound revealed their first son is highly likely to inherit Phat’s hereditary small build, the couple decided to keep the pregnancy.

“We were in financial difficulty back then and I still had some university years to finish,” Ngoc recalled.

“But the baby is a precious gift to us and a testimony to our abiding love.”

Phat also has his own reason not to end the pregnancy.

“I myself overcame my darkest time to be where I am now and blessed with true love,” Phat stressed.

“I believe my son will make it and he’ll even outperform me.”

With the new arrival meaning the financial burden further weighed down on Phat’s shoulders, the tiny man pushed himself hard to provide for his growing family without a single complaint.

Building a brighter future

In October 2018, Phat and Ngoc were one of the 40 physically challenged couples to tie the knot at a mass wedding organized by Kim Cuong, a veteran drama actress.

Their second child, almost one year old now, has inherited his mother’s build.

The couple now have a full plate, with Phat packaging sweets, pastries, and jerky and delivering them to customers in neighboring provinces, and Ngoc working full steam to finish her final year at university and clerkship at a local hospital.

“We’re trying to save up for our own house. Together we’ll make it as we have jumped the tallest hurdle,” Phat said, referring to the fact that his family currently live in a rented house snuggled in an alley in Ninh Kieu District, which also serves as their confectionery workshop.

Ngoc plans to return to her hometown in Bac Lieu Province, located in the Mekong Delta, for work upon graduation, while her husband will also arrange his work to be near his family.

Phat revealed he plans to hold a private wedding reception to make his wife happy.

“She has sacrificed a lot for me, and even hasn’t been a bride shining in her own wedding,” he said.

“I’ll spend the rest of my life taking good care of her and our children.”

Despite his petite figure, Phat has something to be proud of.

For the past six years, he has earned several medals in track and field, javelin, weight lifting, and discus at sports tournaments at the provincial and national level meant for physically challenged people.

“I started out just to keep fit, travel to new places, and make new friends,” he shared.

“It’s part of my life now.

“It keeps me healthy so I can fend for my family.”

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Vietnamese Americans hope better time ahead with the new US government

January 23, 2021 by hanoitimes.vn

The Hanoitimes – Vietnamese Americans are relieved that after a tumultuous presidential period, the US is entering a new phase.

In Washington and Southern California, Vietnamese supporters of the US President Joe Biden breathed sigh of relief when he promised to become president for all Americans. No violence cases broke out on this special day throughout the US.

“Anti-American” factors are under control

In Washington DC, a day after the power transition with unprecedented turmoil in the American political history, the calm atmosphere prevails. Mr. Dao from Pennsylvania who witnessed the inauguration of the US president  said: “A historic moment that I will never forget .”

Mr. Dao from Pennsylvania. Photo: Gia Tuan

When asked what impressed him the most in this presidential election and inauguration on January 20, he said: “The first woman of color becomes vice president of the US”. And what he most wished for after the new president took office: “No more people die due to Covid-19 because they are required to wear a face mask that the previous president didn’t do.”

Mr. Scott Nguyen from Santa Ana said: “I was nervous during the ceremony. When the 46th president was sworn in, I felt relieved. Obviously, “anti-American” factors like what happened on January 6 have been effectively contained by the authorities.”

Although there are no parades or gatherings of hundred thousand people around the National Mall or a series of celebrations as in other presidential inaugurations,  but hundreds of thousands still exploded with joy hoping for a truly great America to be back.

Many people raised doubts about the new administration could succeed in deal with current challenges. Nearly 25 million Americans have been infected with the Covid-19 pandemic and more than 400,000 others died. With the economy in deep recession, high public debt and unemployment, stigma, division and hatred, many Vietnamese Americans think “it takes time”.

“Be mindful that the new president has a four-year challenge. If he fails to fulfill his commitments, voters will oust him  in the next election,” Scott Nguyen said.

Fighting together the pandemic

The reason why this presidential election drew large turnout from Vietnamese Americans in Little Sai Gon, Southern California, was their desire for a better society.

“We need a president who works for the Americans and upholds American values. A president work to overcome the prevailing political polarization,” Ms. Nguyen Mai Khanh, from San Jose said.

A Vietnamese American child in the US. Photo: Gia Tuan

According to Seattle-based pharmacist Samantha Lin, the 46th president could set optimistic directions for the US to get out of the gloomy situation caused by Covid-19. The previous administration refused to make masking up in public transport compelling, leaving it on the hand of private companies, despite recommendations from the Center for Disease Control and Prevention on using face masks.

Right after the US president Biden was sworn in, on January 21, he signed an order requiring people to wear face masks on planes, trains, buses and at airports. “This is the positive move of the new government”, said Samantha Lin.

“Americans, no matter they are Democrats or Republicans, should gather around the new administration to combat the pandemic. Let’s make the US  the world’s leading superpower in terms of economy instead of the number of dead people from Covid 19,” Ms. Lin said.

The joy and the spirit for a solidarity among the Vietnamese Americans responded to Joe Biden campaign’s theme.

Mr. Hien Le from San Francisco said that Americans should give the new American administration a chance and put their faith and hope into the next four years. “I am relieved that after so much turmoil, America is entering a new era,” he said.

Filed Under: Uncategorized Vietnamese Americans, new US government, new york times square new years eve, vietnamese american girl, time square new york new years eve, times square new york new years eve, vietnamese american woman, vietnamese american names, vietnamese american scholarships, vietnamese american baby names, better kid care new staff orientation, American Hope, vietnamese american school system, 10 strategies for better time management

Khanh Hoa reclaims 10,000m2 of leased sea surface for public use

February 25, 2021 by english.thesaigontimes.vn

Khanh Hoa reclaims 10,000m2 of leased sea surface for public use

The Saigon Times

A panorama of the Ana Mandara Resort located along Nha Trang beach in Nha Trang City, Khanh Hoa Province. The province has reclaimed 10,000 square meters of the sea surface in Nha Trang City, which was previously leased to businesses, for public use – PHOTO: TNO

HCMC – The government of Khanh Hoa Province has reclaimed 10,000 square meters of the sea surface in Nha Trang City, which was previously leased to businesses, for public use, said Nguyen Tan Tuan, chairman of the province, on February 24.

The 10,000 square meters of sea surface is located in the Bai Duong area in the eastern part of Tran Phu Street in Loc Tho Ward. The south-central province had earlier leased the water area to the Sovico Khanh Hoa Company to serve the tourists of the Ana Mandara Resort, reported Thanh Nien Online .

As of now, the province has no intention of extending the lease contract and the company is also willing to return the property. Thus, the province took it back and handed it over to the authorities of Loc Tho Ward to manage it as a public beach.

The Ana Mandara Resort was built in 1995, covering an area of 26,000 square meters, with its lease term having expired. The provincial government had handed over the area to an investor at the Bai Dai area to develop a new project. Once the first phase of the Ana Mandara Cam Ranh project reaches completion by the end of this year, the Ana Mandara Resort will have to be relocated.

Filed Under: Uncategorized SaiGon Times Daily, SaiGon Times tieng anh, thời báo kinh tế sài gòn, báo kinh tế việt nam bằng tiếng anh, tin kinh te, kinh te viet...

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