Ok, it's basic but it's cheap, clean and in a brilliant location. I stayed in the only dorm room (mixed, 8 beds) which was fun - and no bunk beds in sight! I did see single rooms and double rooms in this hotel too (through friends I made) and they seemed on a par with my personal accomodation.
The internet connection was slow but, again, cheap. and I was in vietnam - what more could I expect?! lovely staff, and nice simple breakfast included in the price.
all in all a great place to have as a base :-)