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  The Empire Group could not pay annuity for its CocoBay condotel buyers since next year. Photo vneconomy.vn HÀ NỘI – Đà Nẵng authorities need to carefully review the offer to convert the Cocobay Đà Nẵng condotel project into apartments as it could harm the city’s economic development plan, experts have said. The project developer, Thành Đô Investment Development and Construction JSC (Empire Group), had guaranteed to pay 12 per cent profit on the value of investors' condotel purchases from January 1, 2020, but has since announced it cannot fulfil this commitment due to financial woes. Condotels are often sold to investors and then leased back to the developer or an operating firm to manage rentals to holidaymakers, which is where the 12 per cent profit was supposed to come from. A lack of regulations on condotel development and ownership has also harmed the project. The … [Read more...] about Tough decisions for Da Nang over Cocobay project

This was an important event in Vietnam-US relations and demonstrated the joint efforts of overcoming the war aftermath in Vietnam for the two countries, contributing to realizing the Joint Statement of the Vietnamese and US senior leaders during the official visit to Vietnam in 2017 by US President Donald Trump. Vietnamese Deputy Prime Minister Truong Hoa Binh speaking at the event Addressing the ceremony, Vietnamese Deputy Prime Minister Truong Hoa Binh confirmed that the Party, State and government of Vietnam always consider overcoming consequences of war an urgent task. Such humanitarian and human activities help ensure a healthy and safe life, a clean environment for the Vietnamese people and contribute to the sustainable socio-economic development of the nation. The Vietnamese governmental leader highlighted the dioxin remediation project at Bien Hoa Airbase as a vivid illustration of the US’s strong commitment to joining hands with Vietnam in the post-war … [Read more...] about Work starts on Dioxin Remediation of Bien Hoa Airbase Project

Drug addicts make shoes at Bau Bang Rehabilitation Centre in the central city of Da Nang (Photo: VNA)   Hanoi (VNS/VNA) - Drug addiction among young people has remained high and is the main cause of crimes among them, with half of young addicts having committed crimes, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA). Nguyen Trong Dam, Deputy Minister of Labour, Invalids and Social Affairs, said that the ministry estimated that there are about 222,580 drug addicts nationwide, most of them under 35. Of that, 8 percent started using drugs when they were adolescents. The rate of those using synthetic drugs, such as methamphetamine, ecstasy, ketamine, amphetamine or cannabis was rising annually, by an increase of between six and eight percent a year on average. In big cities such as Dong Nai, Da Nang and Tra Vinh, about 80 percent of drug addicts were reported to use synthetic drugs. These drugs can cause symptoms such as physical and mental malfunctions, … [Read more...] about Drug addiction drives youngsters to commit crimes

David Saiia, co-founder and CEO of Reuse Everything Institute, suggests reusing plastic rather than recycling it Editor’s note: David Saiia, co-founder and CEO of Reuse Everything Institute, Inc. (REII), an NGO dedicated to developing and promoting better resource use including the reuse of plastic waste, discussed Vietnam’s plastic problem in an email interview with Tuoi Tre News. Saiia, who holds a Ph.D. in strategic management, is currently a visiting professor in the faculty of international education of Duy Tan University in the central city of Da Nang, where he has lived for three years. From the point of view of an environmentalist, could you share with us why plastic is bad for the environment? Plastic is a persistent waste product that takes a very long time to biodegrade. Plastic presents an immediate threat to marine life when it is mistaken for food and eaten, causing death by choking and digestive obstruction. Plastic continues to break down into … [Read more...] about ​Vietnam should make plastic material too valuable to throw out: expert

At the celebration for Lao traditional New Year festival of Bunpimay The celebration was held by the Hue University and Hue College of Education with various traditional rituals such as splashing water to pray for prosperity in the new year, and tying strings around a person’s wrist to wish for good health, luck and success. Lao students introduced their unique culture through their traditional dance. Bunpimay festival is observed on April 13-16 annually to pray for good weather, health, abundant harvests and prosperity. The programme helps cheer up Lao students and tightens friendship and solidarity between the two countries. On the occasion, the Lao Consulate General in Da Nang city presented certificates of merit to 15 Lao students for their excellent academic performance. Universities and colleges across Thua Thien-Hue province have trained about 1,200 Lao students via a cooperation programme between Vietnamese and Lao localities. Annually, the province provides 10 … [Read more...] about Lao students in Thua Thien-Hue celebrate Bunpimay festival