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Many offers to sell coastal hotels in Da Nang have appeared on real estate forums these days. Most of them are located in districts Son Tra and Ngu Hanh Son. A hotel put up on sale On just one real estate website on February 22 many ads were listed. A 4-star hotel on Vo Nguyen Giap street, 600 square meters, with 19 stories, 125 rooms and 2 conference rooms is offered at VND440 billion. Hotels on the major streets of Ha Bong, Tran Bach Dang, Ho Nghinh, Vo Nguyen Giap and Ho Xuan Huong are offered at tens or hundreds of billions of dong. Hoang Lam, the owner of a hotel on Tran Bach Dang street, said accommodation service providers have been hit hard by Covid-19. “We have been struggling to survive by cutting costs. However, as capital is getting exhausted, hotel owners have to liquidate assets to pay bank debts,” he said. “Selling hotels is unavoidable as there is no source of revenue, and the operation cost is high,” he said. Do Van Hien from Dana Hotel, a broker, … [Read more...] about Unable to cover expenses during Covid-19, owners sell hotels at cheap prices

VietBank’s president has unexpectedly resigned and his position has been transferred to a former government official. VietBank's chair of the board of directors Bui Xuan Khu VietBank has announced that Duong Ngoc Hoa resigned from the post of chair of the board of directors on February 23 and the office has been taken by Bui Xuan Khu, who was Deputy Minister of Industry Trade. Khu became a member of the bank’s board of directors in 2011 after he retired. Later, he acted as deputy chair of the board of directors until he was appointed president of the bank. Khu is the next former high-ranking official to become a bank president. Le Thi Bang Tam, former Deputy Minister of Finance, is now president of HDBank and president of Vinamilk. Tam joined Vinamilk in 2013 as an independent member of the board of directors. She has been president of the nation’s leading dairy producer since 2015 and president of HDBank since 2010. She is also a senior advisor to some foreign … [Read more...] about Retired deputy minister becomes bank president

Skype co-founder Jaan Tallinn is the latest big tech name to invest in Vietnamese startup Loship Tallinn’s investment in Loship puts him on a list of global tech leaders betting on Vietnamese tech startups, which has shown resilience and growth even amidst COVID-19. Thus, Loship is poised to become a prominent tech figure for any seasoned investor looking at Vietnam, according to Loship CEO Trung Hoang Nguyen. "MetaPlanet’s investment will help us build a much stronger image of Loship as a National Startup Hero. The competition will be much steeper in the long term, and we hope to pick up deep tech insights from Jaan Tallinn that can be applied to the Vietnam market,” he further opined. The latest fundraising, which is part of the startup’s Series C round, comes just four months after its undisclosed bridge round led by Vulpes Investment Management. The new funding would fuel Loship's path to becoming Vietnam’s leading one-hour-delivery e-commerce platform. “We already have … [Read more...] about Vietnam’s delivery e-commerce startup Loship raises funds from Skype co-founder

Metro Line 5, phase 2, has a total length of about 14.5km, from Bay Hien intersection to the new Can Giuoc bus station In a letter sent to the Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and Ho Chi Minh City People’s Committee, Soun-young Chung, general manager of Kexim Bank's Global Business Cooperation Division said that the bank will soon finance the pre-feasibility study. The project will transform from official development assistance (ODA) to the public-private partnership (PPP) model. The study is implemented on three specific aspects: engineering, financing, and legality. Members of the research team and participating investors have extensive experience in the construction and operation of urban railway lines, including Metro Line 9 of Seoul, Korea, built under the PPP model. On January 19, the MAUR worked with a group of investors and consulting companies from Korea. The group consists of Kexim Bank, Hyundai Engineering Co., Ltd., Lotte … [Read more...] about Korean investors join Metro Line 5

One of the many games showcased during PlayStation's State of Play was Solar Ash , the follow up from Heart Machine, the creators of Hyper Light Drifter. We got a closer look at its gameplay which emphasized its movement system and combat, as well as a bit of insight into the premise. Creator Alx Preston said that the game focuses on speed and fluidity with some platforming elements. The main character, Ray, glides across the environment as if she's skating across the colorful lo-fi world, and uses a grappling hook for platforming elements. Combat is also simple, but challenges do ramp up throughout the game. Solar Ash is set to launch sometime this year for PlayStation 4 and PlayStation 5. For more on the recent reveals, be sure to catch our State of Play recap . You need a javascript enabled browser to watch videos. Click To Unmute Outriders First 28 Minutes of PS5 Gameplay … [Read more...] about Hyper Light Drifter Studio Gives Us Closer Look At Solar Ash Gameplay