Yalta Essays - 1449 Words

The Yalta Conference nbsp;nbsp;nbsp;nbsp;nbsp;The Yalta Conference was one of the most important events in history, let alone, this century. It took place from February 4 to February 11, 1945, at Yalta, Crimea, a port/resort. The three main individuals at this meeting were Churchill of Great Britain, Roosevelt of the United States and Stalin of the U.S.S.R, known back then, and now known as Russia. nbsp;nbsp;nbsp;nbsp;nbsp;Roosevelt had two primary goals at Yalta, and he secured them both, during the negotiations. One these key objectives was to involve Stalin in the war against Japan. The Americans had lost too many people since the battles fought with Australia against Japan were bloody ones. And, since it was not clear†¦show more content†¦Churchill took the initiative on this issue, arguing with great energy that France be given both and occupation zone and a seat of the ACC. The British prime minister was understandable anxious to engage France in the task of occupying and controlling Germany in the general to rebuild French power with a view to help offset the Soviet military presence in Central Europe. After much behind the scenes talks and debates, FDR was finally convinced to give France a seat in the ACC. Stalin agreed, but it in no way affected the size of the Soviet occupation, so it was of no real interest to him. It had always been understood that any zon e for France would be formed out of part of the British and American zones, already made out. nbsp;nbsp;nbsp;nbsp;nbsp;Churchill’s concern about particular issues reflected in his apprehension that the United States would not maintain an armed presence in Europe. Stalin had noted that a prolonged presence of American military forces would be necessary in Europe. In reply to Stalin’s comment, he said that American forces should not stay very long. This opinion was underlined by FDR when in a telegram to Churchill he stated that â€Å"You know, of course that after Germany’s collapse I must bring American troops home as rapidly as transportation problems will permit†(2). So, it came as no surprise to Churchill, when at Yalta, FDR stated that AmericanShow MoreRelatedChekhovs Love Talent: Angle [The Darling] and The Lady with the Little Dog Compare and contrast foreshadowing, setting, and characterization elements of fiction in both stories.2485 Words   |  10 Pageswith the Little Dog once Dmitri tells a fellow doctor about the charming woman he mee ts in Yalta, the foreshadowing is that Gurov will see Anna again if he continues to think about her. The doctor calls out on his sleigh while leaving from dinner, You were right earlier; the sturgeon was a bit off! (306). He cannot believe that Gurov, with an attractive wife is talking about another woman who he meets in Yalta. In addition, in Angel [The Darling], while married to Vanya, Olga meets with VolodyaRead MoreThe Lady With The Little Dog Analysis1886 Words   |  8 Pagesmore about Gurov and Anna Sergeyevna’s relationship. The setting of this story is the most important literary device Chekhov uses in this story. The seaside resort at Yalta acts as an anonymous place where Gurov and Anna can escape their miserable lives. It serves as a romantic backdrop for their secretive romance. Chekhov uses Yalta for various functions. First, it is a vacation spot. Gurov takes advantage of this by having fleeting affairs with women he meets on vacation. When Anna sits close toRead MoreLove in Anton Chekhov’s The Lady with the Dog Essay example1542 Words   |  7 Pagescafà © in Yalta when he first sees the character Anna Sergeevna with whom he becomes fascinated. Yalta is a vacation spot and Gurov is already well known of his adventures and immoral behavior. While on vacation there, he realizes that this place does not have too much to do other than meet new people. Since he has already known many women vacationing on this resort, he decides to switch his interests on the new arrivals. Once he meets Anna Sergeyevna, the setting takes place again in Yalta near theRead MoreThe Yalta Conferenc e849 Words   |  4 Pages The Yalta Conference held in February, 1945 where the representatives of the three winning countries in the World War Two met to discuss Europe s post-war lay-out is often referred to as the Myth of Division of the World (Buffet Heuser, 1998, p. 80). During this conference the United States, the United Kingdom and the USSR, represented by President Franklin D. Roosevelt, Prime Minister Winston Churchill and Premier Joseph Stalin respectively developed the peace strategies forRead MoreThe Yalta Conference in Russia1244 Words   |  5 PagesThe Yalta Conference was held in Russia during the month of February in 1945. Three countries attended the Yalta Conference, the United States, Great Britain and the Soviet Union. These countries were represented by President Roosevelt, Prime Minister Winston Churchill and Premier Joseph Stalin. The main goal of the conference was to establish how Germany and the rest of Europe should be divided after the war in Europe had come to an e nd. President Roosevelt wanted the formation of an organizationRead MoreThe Soviet Union And The Korean War985 Words   |  4 Pages Several factors influenced the relationship between the Soviet Union and the United States, such as the Yalta Conference and the Korean War. These events played a role in diminishing the former allies relationship. The tension between the Soviet Union and America began with the European wars, when they were allied with Britain. A factor that immediately caused a division between the two groups was from the Soviet Union only focusing on the situation in Germany with Hitler. When itRead MoreThe End Of One War1453 Words   |  6 Pagesand even though they each had their own national agendas and priorities in the war, they put aside their differences to defeat the opposing allies, Germany, Italy, and Japan. The Big Three met at a series of three conferences, The Teheran (1943), Yalta (1945), and Potsdam conferences (1945), in order to settle questions that arose during the war, and to finalize plans for the future. The first of these three meetings took place before the war had officially ended. At the end of 1943, the TeheranRead MoreRoosevelt, Roosevelt And The Yalta Conference1390 Words   |  6 Pages Roosevelt dodged coffins by attending the Yalta Conference, his primary aim was of course to end the war, however with this in sight, his focus turned to creating a new world organization to replace the failed League of Nations. Unlike Woodrow Wilson, Roosevelt did not want collective security just for the sheer sake of it, he was a skilled politician, and knew that creating a new world organization would mean that he could justify the war to the American people. A â€Å"lasting peace† was the aimRead MoreThe United States and the Beginning of the Cold War1600 Words   |  7 Pages Poland criticised Stalin. Later, Stalin exploited the Red Army’s occupation of Poland in 1944 to set up a pro-Soviet government called the Lublin Committee and to fix Russia’s boundaries with Poland. This concern was discussed at the Yalta conference by the big three, Roosevelt, Stalin and Churchill in February 1945. Churchill and Roosevelt rejected to the revision of Poland’s eastern border and asked the London Poles to be included in the Committee and free Polish electionsRead MoreExploring the Factors Contributing to the Development of the Cold War508 Words   |  3 Pageswas a very important factor in the development of the Cold War. Churchill, Britain and Roosevelt, USA wanted Poland to be democratic whereas Stalin wanted to make sure that Polands new government was friendly towards the USSR. The Yalta Agreement had tried to achieve a compromise over the future of Poland but this was not possible because Poland would have to either be democratic or friendly towards the USSR. Stalins interpretation of democracy was different as his idea

Summary of Industrial Convergence, Globalization, and the...

Summary Arrighi,G,. Silver,J,B,. and Brewer,D,B,. 2003. Industrial Convergence, Globalization, and the Persistence of the North-South Divide. Studies in Comparative International Development. p.3-31 Through the use of descriptive and comparative analysis, the authors intend on demonstrating that the convergence of the industrialization gap was not accompanied by a convergence in the income levels gap between former First World and Third World countries. Thus, the North-South divide still exists. Through economic models, the persistence of the North-South income divide is explained. Simultaneously, the authors discuss the development project and globalization project and how the shifts occurred. Additionally, the reproduction of the†¦show more content†¦Due to this legacy, it is anticipated that decolonization and industrialization of Third World countries would reduce the North-South divide. The authors moreover, explain that theories of national development believed that industrialization was essential for Third World countries to attain wealth standards of the First World countries. This became the objective of the Third World development efforts and the narrowing of the industrialization gap was the instrument through which this would be achieved (Arrighi,G,. Silver,J,B,. and Brewer,D,B,. 2003.p.6). This subsequently led to synonymous use of industrialization and development. To conclude this subsection, the authors provide reasons to why the paper focuses on industrialization and the North-South divide. Firstly, the reasons for focusing on industrialization are because the authors wish to verify empirically the validity of the theory (or assumption) that industrialization is the most effective means of achieving the development efforts objective. Further reasons include that industrialization has costs and benefits, but these quantifiable costs are visible and invisible. On the other hand, the focus on the North-South divide is aimed at assessing the success or failure of the Third World development efforts. In the next subsection, the authors use empiricalShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2 005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesAmerican History. Revised and Expanded Edition E SSAYS ON _ T WENTIETH- C ENTURY H ISTORY Edited by Michael Adas for the American Historical Association TEMPLE UNIVERSITY PRESS PHILADELPHIA Temple University Press 1601 North Broad Street Philadelphia, Pennsylvania 19122 www.temple.edu/tempress Copyright  © 2010 by Temple University All rights reserved Published 2010 Library of Congress Cataloging-in-Publication Data Essays on twentieth century history / edited by

Atlantic Aquaculture Free Essays

Atlantic Aquaculture, Inc. Capital Budgeting with Staged Entry Question 1 A – Even though Atlantic Aquaculture already bought the land needed for 300,000 USD, its value today is 900,000 USD. We can therefore conclude the 900,000 USD is an opportunity cost as the land can be sold at this value. We will write a custom essay sample on Atlantic Aquaculture or any similar topic only for you Order Now B – In this case it is best for the company to use the option to the land acquisition. By calculating the NPV the option is worth $-852,093. 66. Buying the land without the option would bring the company back to $-900,000. 00. We used a discount rate of 6%, as this is linked with the appreciation of the land annually. The calculation of the NPV can be found in Appendix A. Question 2 A – The RD cash flows are $48,000 annually for the years 1998, 1999 and 2000. In 1996 we are able to shield taxes with the appreciation. At a tax rate of 40% this result in a tax shield worth $144,000. B – From the case is known that the salvage value will only be taxed when the buildings are actually sold, as long as the asset’s value is half of the book value the sale will go through with. Take note that a 40% tax rate is used to calculate the tax shield. C – The cash flows are shown in the Appendix B. Question 3 As can be seen in the Appendix C the large project, while taking into account a rwacc of 9% and the expectation that there will be high demand and high growth opportunities for the firm’s products; the Net Present Value of the firm will be $17,140,000. 00. An Internal Rate of Return will be realized of 25. 83%. Furthermore the MIRR is calculated as 21. 54% and the payback period of the project is 7. 05 years. Taking all other factors the same, when the firm is building a small facility, the NPV would be $11,723,000. 00, the IRR 23. 39%, the MIRR 18. 5% and the period in which the costs will be paid back 7. 18 years. Question 4 A – In the Appendix the decision trees are shown and the following elements deserve attention. The nodes start with having high/low demand being 10,000 or 5,000 respectively. There is a 75% chance demand will be high, while 25% probability that demand will be low. The following pair of nodes, given differing probabilities (as can be see n in the Appendix) leads to the yearly cash flows. In de first years it is obvious that the cash flows are negative as the start-up investments have some weight on the cash flows. From 1998 onwards, as sales start to increase and costs decrease the flows of cash are positive. In row three and four the cash flows, given a low demand of 5,000 units sold with their corresponding probabilities. It is clear that the costs definitely outweigh the revenues for the first few years, more than in the ‘best-case’ term in rows one and two. Interesting to see that in the final row, there is only a positive cash flow recorded in the final year of the project. In this case we can explain the NPV values of all probabilities very straightforward. With the given information the cash flows will be negative in case the demand will be low. However we need to make a remark on this simplification of the results. By calculating the expected NPV (which is the sum of the probabilities of each high/low demand occurring times their corresponding NPVs). This gives in the end a positive NPV so investors can assume this project will be successful. B – The abandonment lines basically represent a situation in which the project is stopped for continuation. What is interesting to notice is that the NPV of the project that continued are lower than the projects where the project was dismantled. Note too that this only applies to the situation in where a low demand is expected. The NPV in those cases when the projects are abandoned is equal to the salvage value of the equipment and buildings. C – As the flexibility of the project gets smaller, the NPV will get smaller and due to higher volatility the standard deviation will increase. Question 5 A – Due to the fact that there is an extra decision node the tree looks bigger. This extra decision is namely the decision to expand the plant or leave it in its current state. B – As this is not possible to trace back from the information we can retrieve from the case. As the decision to expand or not to expand lies at the responsibility of the managers at the firm, probabilities are not able to be calculated here. However, the manager will always choose the option with the higher NPV. Question 6 As can be seen from the given data, in terms of expected Net Present Values, the large plant seems to have a big advantage over the smaller project with NPVs of $9,028,000 and $8,062,000 respectively. On the risk side however the standard deviation of the small project is almost half of the large project. It is important to mention at this point that building a new plant appears riskier. In accordance to that one should use a risk adjustment incorporated in the cost of capital which should be higher that the discount rate of the small project. Question 7 As the risk coefficient of the large project is 1. 15 and it is known that most projects of Atlantic lie between 0. 5 and 0. 7 the large project is considered to be a lot more risky compared to the small project which has a risk coefficient of just 0. 65. Question 8 The reassessment of possibilities has the consequence that standard deviation, covariance and NPV change as well. Lrge Plant| D=60% G=50%| D=75% G= 80%| D=90% G=90%| Small Plant| D=60% G= 50%| D=75% G=80%| D=90% G=90%| E(NPV)| 3327,95| 9028,20| 13459,36| E(NPV)| 6314,35| 8008,17| 10049,99| Std. Dev| 9827,17| 10341,43| 7869,12| Std. Dev| 4871,06| 5375,57| 4017,85| Coeff. Of Var. | 2,95| 1,15| 0,58| Coeff. Of Var. | 0,77| 0,67| 0,40| The results show that an increase in demand and growth probabilities for both of the plants (small and large) results in a higher expected NPV, lower standard deviation and lower correlation, leading to a higher risk- return payoff. Decreasing initial demand to 60% and high growth possibilities to 50% simultaneously, leads to a decrease in expected NPV, while increasing standard deviation and the covariance leading to a lower risk- return payoff. Furthermore, one can observe that in absolute and in relative terms, the impact on the small plant of increasing/decreasing initial demand and growth opportunities does not have as a great influence as on the large plant. Question 9 A sensitivity analysis can help to underline the most important factors affecting the success of a firm or a project. In this case we have articulated success in terms of NPV and have used input factors such as variable costs, units sold, sales price and WACC). With respect to the two different plants one can observe that NPV is relatively more sensitive to the mentioned factors in the case of the small plant. Furthermore, regarding the line of sales prices one can see that this is by far the line with the highest positive slope (coefficient), while fixed costs has the shallowest slope. The interpretation therefore is that sales prices have the biggest impact on expected NPV. Furthermore it is worth mentioning that the slope (and the impact) of WACC is quite high (negative) for the large plant. Since the variable costs for the large plant are lower at a rate of 60% compared to 65% of the small plant, one can observe that the sensitivity of the small plant’s NPV is also relatively high. Question 10 In the Case of scenario analysis it is important to mention that in contrast to the analysis mentioned above, probabilities are appointed to each of the different scenarios. Atlantic Aquaculture Inc. uses best and worst case scenarios (high initial demand/ low initial demand). In addition to that, a scenario analysis appoints a base case as well. This should be done utilizing a probability of 50% for the base scenario and probabilities for the best and worst should lie at 25% respectively. Independent factors should again be inputs such as variable costs, units sold, sales price and the weighted average of the cost of capital. These inputs should be appointed to a realistic assessment of range they could approach to. The dependent variable logically should be the net present values of the different scenarios. In terms of the ranges of independent variables it should be noted, that these could be obtained by examining historical data of the company in addition to an examination and assessment of company and market environment. Question 11 A Monte Carlo simulation typically provides one with an overwhelmingly high amount of simulations, whereas a change of all the variables occurs on a random basis. However, only the average of these is of importance. The input incorporates the correlations of all the variables included. The output is then expressed in the form of samples of NPVs. It is perceived as a more sophisticated way of conducting a scenario analysis. However, it is also perceived as very delicate in terms of the conduction itself. Question 12 Indeed the abandonment opportunity represents a real put option. This is due to the fact that the company can abandon the project and receive a terminal value. However, this is only reasonable if Atlantic Aquaculture Inc. sells the plant when the salvage value is higher than the value of the discounted future cash flows otherwise received from the project. In this case the real put option would be in the money and vice versa. Regarding the decision tree, with respect to the low demand and low growth opportunity for plan L one can see that the decision of abandonment or not changes the NPV of the project from $-9. 316. 000 to $-6. 711. 000. Regarding the scenario of low initial demand and high growth opportunities the choice to abandon changes the NPV from $-6. 940. 000 to $-6. 439. 000. In both cases it appears to be feasible to abandon the project, thus the value of the put option is positive. Plan S on the other side represents a call option since one can decide to buy the facilities or not. Furthermore, the put option for the large plant can be calculated as follows: This leads us to a value of $546. 050, which indeed is positive. Question 13 In general, it can be said that both plans have a positive expected NPV overall. However, the smaller plant is the favorable option, since it provides Atlantic Aquaculture with the best risk- return payoff.. Furthermore, if opting for the large plant it is important to mention that the value of the put- option is positive, so in the worst case Atlantic Aquaculture should opt out when facing low initial demand and either low or high growth potential. However, it is also worth mentioning that a risk adjusted cost of capital should be incorporated when calculating for the NPV. Appendices Appendix A Appendix B Cash flows large firm| | | | | | | | | Year| 1996| 1997| 1998| 1999| 2000| 2001| 2002| 2003| 2004| Net income| 0| 0| 436| 438| 1122| 1806| 2521| 3202| 3990| Depreciation| 0| 0| 954| 1566| 1146| 846| 630| 630| 630| Op cash flow| 0| 0| 1390| 2004| 2268| 2652| 3151| 3832| 4620| Cap cash flow| -1044| -12300| -427| -496| -574| -711| -814| -931| 7397| Net cash flow| -1044| -12300| 962| 1509| 1694| 1940| 2337| 2900| 43940| | | | | | | | | | | | | | | | | | | | Cash flows small firm| | | | | | | | | Year| 1996| 1997| 1998| 1999| 2000| 2001| 2002| 2003| 2004| Net income| 0| 0| 1083| 919| 1129| 1298| 1440| 1506| 1575| Depreciation| 0| 0| 553| 920| 668| 488| 359| 359| 359| Op cash flow| 0| 0| 1636| 1840| 1798| 1787| 1799| 1865| 1934| Cap cash flow| -1044| -8364| -95| -100| -106| -160| -167| -173| 4510| Net cash flow| -1044| -8364| 1542| 1739| 1691| 1626| 1632| 1691| 19042| Appendix C | LARGE FIRM| SMALL FIRM| WACC| 9. 00%| 9. 00%| NPV| $17. 140| $7. 633| IRR| 25. 83%| 22. 78%| MIRR| 21. 54%| 17. 92%| PAYBACK | 7. 05 years| 6. 97 years| How to cite Atlantic Aquaculture, Essay examples

Da Nang And Hue in My Heart Essay Example For Students

Da Nang And Hue in My Heart Essay I was born in Quang Ngai city, but my parents met each other when they came from Da Nang city and Hue city. Indeed, I feel very excited because every member in my family was born in three differences places, so it is very interesting for me to learn about. Every year, I always visit my two lovely places where I was raised when I was a child, and my grandparents feel very happy when I meet them on New Year’s Day. Da Nang and Hue are both cities that have changed in many different ways from 1995 to 2015, so it is very interesting hearing my parents tell me what things happened during these years. We will write a custom essay on Da Nang And Hue in My Heart specifically for you for only $16.38 $13.9/page Order now First of all, my father was born in Da Nang city, so I want to talk about the investment of the government in Da Nang city in the past twenty years. Today, Da Nang city is a big city which was built as a large port in the middle of Viet Nam, so it was developed very well by the government at that time. Since 1997, Da Nang became municipal in Viet Nam, so it has made many changes in a positive direction. For over ten years, the visitors around the world were increased for traveling through Da Nang international airport, so the government always encourages the city to develop more in many different aspects. For examples, Da Nang International Airport is being invested to upgrade totaling eighty-four million dollars by 2012 with the capacity to welcome four million passengers per year (â€Å"About†). It is a good transformation for this city because in the past, the port was very small and infamous at that time, so it is amazing for the growing fast of this city and its bright future. In addition to developing the investment of Da Nang, the landscape of the city also attracts people from everywhere with one of the best beaches in the world. In fact, My Khe beach was not popular in 1995 because Viet Nam wasn’t a well-known country in the world, and everybody really didn’t know much about Da Nang. My father clearly remembers that he didn’t see anybody go to the beach at that time because it did not attract people with the beautiful landscape. Not many people lived near beaches, so many Vietnamese denied going to My Khe beach. However, the government has made an effort to spread the very beautiful beach to the world, and everybody is now attracted by its natural beauty. For instance, â€Å"today My Khe beach is one of Asias prettiest and most historic, with yellow sand stretching for almost 20 miles, and traditional round woven boats one of the best ways to ride the waves† (â€Å"My†). This is the best comment about it, so many tourists can’t wait to see and set foot in the very special sand of this land. Moreover, the rise of many gorgeous hotels and resort plazas is very successful for this city, so many investors now realize a good chance for their business in tourism. I feel very proud of my father’s native land, so he can show me more about his favorite land. Moreover, I also like my mother’s city because the status of her city is very different and lively compared to other cities. I always love to listen to my mother’s saying when she was still a young lady, so it is very surprising when she comes back to her land after twenty years of living in another city. For examples, the Hue Bridge is very attractive and graceful nowadays because it was rebuilt and fixed for more better than the past, but she still remembers how bad of this bridge had been through the war was. .uf9e4cf15596cd1c91f1c739249bf9c06 , .uf9e4cf15596cd1c91f1c739249bf9c06 .postImageUrl , .uf9e4cf15596cd1c91f1c739249bf9c06 .centered-text-area { min-height: 80px; position: relative; } .uf9e4cf15596cd1c91f1c739249bf9c06 , .uf9e4cf15596cd1c91f1c739249bf9c06:hover , .uf9e4cf15596cd1c91f1c739249bf9c06:visited , .uf9e4cf15596cd1c91f1c739249bf9c06:active { border:0!important; } .uf9e4cf15596cd1c91f1c739249bf9c06 .clearfix:after { content: ""; display: table; clear: both; } .uf9e4cf15596cd1c91f1c739249bf9c06 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf9e4cf15596cd1c91f1c739249bf9c06:active , .uf9e4cf15596cd1c91f1c739249bf9c06:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf9e4cf15596cd1c91f1c739249bf9c06 .centered-text-area { width: 100%; position: relative ; } .uf9e4cf15596cd1c91f1c739249bf9c06 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf9e4cf15596cd1c91f1c739249bf9c06 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf9e4cf15596cd1c91f1c739249bf9c06 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf9e4cf15596cd1c91f1c739249bf9c06:hover .ctaButton { background-color: #34495E!important; } .uf9e4cf15596cd1c91f1c739249bf9c06 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf9e4cf15596cd1c91f1c739249bf9c06 .uf9e4cf15596cd1c91f1c739249bf9c06-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf9e4cf15596cd1c91f1c739249bf9c06:after { content: ""; display: block; clear: both; } READ: Oppositional Defiant Disorder EssayI feel very excited and really want to visit it once times because it was designed and constructed by the French Resident Superior in Central Vietnam – Là ©vesque- assigned Eiffel of France (Hue’s). It is so amazing and surprising to me because many fights have destroyed this bridge many times, but it is still very firm and undefeated. Furthermore, Hue is also my mother’s favorite place because she enjoys talking about her growing city. However, â€Å"Poetic Hue, dreamy and romantic Hue, Hue city of two World Heritages† (â€Å"Hue†) is one of the many comments about the beauty of this city, so I still remember that many things were very different from now. The Emperor Citadel is one of the biggest places that I really like because many years ago it was very ugly and old since 1995, but after five years, this place is really attractive and gorgeous. I couldn’t imagine it if I had only heard about it from my mother’s sayings, so it is very hard to deny the beauty of this place. For instance, â€Å"being one of Vietnam’s seven UNESCO World Heritages sites† (â€Å"Hue†) is very proud for Vietnamese, so Hue used to hold many concerts in the front of The Emperor Citadel. It attracts many travellers from all over the world, and the popularity of this event will increase every day and everywhere. Many places and streets are decorated by the culture of many years, so it feels very exciting and unbelievable. Finally, I would like to introduce the Festival Hue which is prepared and starts every two years in April, so it is the best cultural of Hue city. The first event was organized and arranged very small and unprofessional because in the year of 1992, Vietnam wasn’t still developed and affiliated in the area and the whole world, so it was an insignificant event and trivial at the time. After many years of improvement and reconstruction, the new face of the event was created and showed to many Vietnamese and friends from all over the world, so the standard of organization board was spread out and higher than old times. For example, to celebrate the 8th Hue Festival 2014 was held from 12th to 20th April 2014 with the theme â€Å"Integration and Development for Culture and Heritages† (â€Å"8th Hue†), so there were many concerts and parades following that big event. The best show of the 2014 festival was the Artistic Firework at the Hue Festival Finale (â€Å"Tony†), so it was the emotional unforgettable night before the conclusion of the show. In conclusion, there are many changes in both cities based on the twenty past years, but it is very good for many people because it extremely important for life every day. Indeed, people always try to make their lifestyle better, so it’s a bad feeling if we see that the place doesn’t exist anymore. Besides, I will take any pictures whenever I go, and save them in an album for my experiences traveling. In these two cities, the emotion of feeling about the city will absolutely impact my memory very much, and I will never forget every experience. The most interesting thing about me is I always try to travel to two places, so it is a very good and wonderful adventure for me. Bibliography: ABOUT.  VIVU DA NANG. N.p., n.d. Web. 14 July 2015 My Khe beach among the 6 most luxurious in the world.  SEAWONDERHOTEL. N.p., n.d. Web. 13 July 2015. Le, Pha. Hue’s ancient bridge of Truong Tien.  VietNamNet Bridge. N.p., 11 Feb. 2014. Web. 13 July 2015. NHUNG, TUYET. Hue – an ancient citadel of Vietnam.  Vietnam Beauty. N.p., 5 Aug. 2008. Web. 13 July 2015. Hue Imperial Citadel.  VietnamOnline. Ed. TRUC NGUYEN and DAT NGUYEN. N.p., n.d. Web. 13 July 2015 8th Hue Festival to be held in April 2014.  Hue Festival 2014. N.p., 18 May 2013. Web. 13 July 2015. T, Tony. Century Riverside Hue Hotel Photo: Fireworks at the Hue Festival Finale 2014.  Tripadvisor. N.p., Apr. 2014. Web. 14 July 2015.