Construction of sea dykes in Vietnam (Photo: VNA) Hanoi (VNA) - A series of solutions to adapting to sea level rise caused by climate change have been taken in Vietnam, as the phenomenon is posing grave challenges to the ecosystem, biodiversity and natural resources as well as human life. Many researches have affirmed that the sea level is rising in the century with the main cause of climate change. With over 3,260 kilometers of coastline stretching from the north to the south, and about 50 percent of the population living in lowland areas, Vietnam is considered one of the most vulnerable and being negatively impacted by sea level rise. In 2007, the World Bank estimated that a one-meter rise in sea level could affect 10 percent of Vietnam’s population, with a GDP loss of about 10 percent; and a three-meter rise in sea level can directly impact about 25 percent of the country’s population, causing a GDP loss of 25 percent. It can be seen that consequences … [Read more...] about Various solutions to sea level rise in Vietnam
Vietnam house alameda
Capital House receives global acclaim
Do Thuy Chi (left), vice chairwoman of Capital House, receives the prize at the prestigious Transformational Business Awards 2018 International reach The prestigious Transformational Business Awards (TBA) 2018 recognised Capital House Group in London on June 6 for its distinct contributions to positive changes and sustainable development for the environment, while creating green lifestyles for the community. Capital House is the first Vietnamese company to win this prestigious international award. The TBA is an annual event jointly held by world-famous magazine Financial Times and the International Finance Corporation (IFC), starting in 2014. It honours outstanding firms in a variety of categories such as technology, food and water, education, health, infrastructure, green building, climate, and finance. As many as 148 entries from 84 countries applied for recognition by the TBA in 2017. TBA laureates are selected by a prestigious judging panel including eight representatives from … [Read more...] about Capital House receives global acclaim
Stilt houses associated with President Ho Chi Minh’s revolutionary activities
The stilt house of late President Ho Chi Minh in Hanoi (Photo: VNA) Hanoi (VNA) – A photo exhibition featuring the life and revolutionary career of late President Ho Chi Minh in stilt houses was held in Hanoi on May 11. The event is part of activities to celebrate the 128th birthday of President Ho Chi Minh (May 19, 1890). The exhibition was divided into three parts titled “President Ho Chi Minh and stilt houses in Viet Bac revolutionary base”, “Uncle Ho’s stilt house in Hanoi”, and “Uncle Ho’s stilt house – symbol of thought, morality, style, national solidarity spirit and international integration”. A seminar was held the same day to promote the conservation of national relic sites recording the life and revolutionary career of President Ho Chi Minh. Participants shared stories about President Ho Chi Minh’s revolutionary activities associated with stilt houses. President Ho Chi Minh lived and worked in many … [Read more...] about Stilt houses associated with President Ho Chi Minh’s revolutionary activities
“Red-Cross house” model helps disaster-affected locals repair dwelling
Storm resistant house build for an impoverished family in Phu Yen province (Photo: VNA) Hanoi (VNA) – The Vietnam Red Cross Society (VNRC)’s “Red-Cross house” model has helped thousands of impoverished residents in disaster-affected localities build or repair their houses which were destroyed by floods and storms. The VNRC at all levels have built more than 24,000 houses for those who suffer heavy loss from natural disasters at the total cost of nearly 700 trillion VND (30.8 billion USD), which was sponsored by international organisations. Over 2,000 houses of which are disaster-resistant houses. The houses have been built to suit the lifestyle of different ethnic groups and localities across the nation. For example: stilt houses are constructed for ethnic people in the northern mountainous localities while bungalows are popular among Kinh people or those in the south western region. They have helped local residents stabilise their lives soon after the … [Read more...] about “Red-Cross house” model helps disaster-affected locals repair dwelling
Savills says Vietnam youth is easier for housing affordability
While in many other countries generation Y (born from 1981 to 1991) is struggling to get a foot on the property ladder without help from parents or grandparents, youth in Vietnam has been inheriting or receiving significant financial support from the older generation, according to experts from Savills. Duong Duc Hien, director of Residential Sales, Savills Hanoi, believes that without this help, home ownership for under 35s would be challenging. “Admittedly there is a gap between young buyers’ income and housing prices in big cities like Hanoi and Ho Chi Minh City. A mid-end two bedroom apartment in Hanoi costs $140,000-200,000, close to developed markets’ average, while the average income in Vietnam is nowhere near,” said Hien. Family support is playing a large part in the financial capability of young home buyers in Vietnam According to the results of the mid-term Population and Housing Survey, the home ownership ratio was 90.8 per cent in 2014, … [Read more...] about Savills says Vietnam youth is easier for housing affordability