We stayed for two nights in a room with a double and single for $22 USD/night. It was a great deal considering the bed was very comfortable (and the pillows), the shower was nice and hot, there was plenty of room and the wifi worked well (not super fast, but reliable). Staff were friendly. All in all, considering what we paid, this was a really good deal.
Be warned that the halls are all hard surfaces, so sound travels, and often people will be out and about early (5:30am) to go on river tours so if you are a light sleeper, use earplugs. No elevator either so if you can't deal with climbing, try to get a room on the first floor.
The place in right in the heart of the tourist area of Can Tho, and you can walk about 1 minute to the river to hire a river guide if you wish, or you can hire a boat through the lady at the hotel selling tours. We got a private boat for 2 people at 600 000 dong for four hours which was excellent.
No breakfast is provided, but there are plenty of places just outside the hotel with good food - try the Mekong Inn restaurant just two doors to the left exiting the hotel. Great food and cheap prices.
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