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Retirement homes have few takers in Vietnam

Retirement homes have few takers in Vietnam

Hoang Thi Thu Ngan, deputy general director of Hanoi’s Dien Hong Retirement Home, is concerned about the low return on investment. Despite charging the market price of VND7.5 million ($312) per month, she says nearly a quarter of her rooms are never occupied. Since its opening eight years ago, the …

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HCMC traffic infrastructure only 35% complete

Only 35% of HCMC’s planned traffic infrastructure has been completed so far due to the lack of funding and related mechanisms, the municipal People’s Committee said Saturday. “This number is too low for Ho Chi Minh City’s requirement for infrastructure development. If there is no research for appropriate mechanisms and …

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