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/ February 25, 2021

Disbursement of FDI projects increases by 2% over two-month period

As of February 20, the total newly registered and adjusted capital and the value of capital contributions, and shares purchases made by foreign financiers reached US$5.46 billion, equivalent to 84.4% in comparison to the same period from last year. February saw the country grant investment licenses to 126 new projects worth US$3.31 billion, a decline of 33.9% from the same period last year. Most notably, a total of 115 existing projects registered to adjust their capital, marking a 2.5-fold increase compared to the corresponding period from last year, with total additional registered capital reaching US$1.61 billion. Furthermore, the value of capital contributions and shares purchases by foreign investors dropped to US$543.1 million, a drop of 34.4 % compared to last year’s corresponding period. Foreign financiers have invested in 17 local industries, of which the processing and manufacturing sectors took the lead with total investment capital reaching more than US$3billion, accounting for 55.7% of overall registered investment capital. Moreover, electricity generation and distribution ranked second with total investment capital of US$1.44 billion, making up 26.5% of total registered investment capital, followed by real estate, along with science and technology. Japan tops the list of the 46 countries and territories currently investing in the nation with total investment capital of US$1.64 billion, holding approximately 30% of the country’s FDI, trailed by Singapore, the Republic of Korea, China, Hong Kong (China), and the United States. Can Tho represents the most attractive location among 43 provinces and cities after receiving US$1.31 billion in FDI, constituting for 24.1% of the overall, followed by Hai Phong, Bac Giang, Binh Duong, Tay Ninh, and Ho Chi Minh City. …

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/ February 25, 2021

Experience seasonal rebirth as spring descends on Moc Chau valley

Apricot blossoms in Mu Nau Valley of Son La Province, northern Vietnam. Mu Nau Valley lies in sub-zone 13 of Moc Chau Town in Son La Province. Two kilometers south of Moc Chau center, the valley spans 200 hectares and comprises a 40-year-old apricot forest, a 25-year-old plum forest, and an old-growth forest. The route from the town to the valley is short but steep and requires excellent driving skills, often scaring first-timers. Leaving Moc Chau around 5 p.m, I was accompanied by Duy, owner of Pho Nui Tinh Yeu Homestay, to Mu Nau. He picked me up at the intersection near town and advised me to mentally prepare myself for the ride, an effort that would prove futile as soon as we hit the road. The higher we got, the more Duy revved his engine, with the slope becoming increasingly uncooperative. I was not in the least comforted by the fact I was on the back of a local's bike. At one point, I was shaking with my eyes closed shut out of fear the vehicle would flip over. As we ascended the hill, I gripped onto Duy, holding on for dear life. After five minutes of wrestling with the road, we finally reached our destination. Drenched, I quickly used my arm to wipe the sweat off my forehead. This would be the first and last time I would ever take that "death" road, I thought to myself. From the tippy top of Mu Nau, sun rays gently lit wild flowers, weeds, and evergreen grassy plots. The entire town of Moc Chau nestled snugly at the bottom. Pretty, poetic, and romantic beyond words. It was afternoon and breezy, with a hazy mist floating far off. Indeed, at the end of a rocky road was a real-life paradise. Enraptured by the amazing beauty of the landscape, I stood contemplating it as the sun gradually set behind the mountains. It was now 6 p.m. and the sun had completely disappeared. As dusk fell, lights brightened Moc Chau. Lining the main streets of town, yellow lights sparkled in the dark night like stars in the sky. Night had arrived in Moc Chau! …

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/ February 25, 2021

Buddhists on a pilgrimage to worship the land of Buddha on Mount Fansipan

Sun World Fansipan Legend marks the rise of the international ranking for Sa Pa tourism VinBrain reaches final round of global competition "COVID-19 Pandemic Response Challenge" The “Win-Win-Win” formula of branded residences have proven successful VinSmart smartphones go on sale in the US Won a deep blue Mercedes-Benz , a teardrop story of poor village girl On February 20, the Spring Festival of Opening the Fansipan Heaven Gate officially opened at Fansipan spiritual complex at Sun World Fansipan Legend Resort, opening the spring travel season and worshipping Buddha for peace in the early spring. The festival lasts until March 8, 2021. The Spring Festival of Opening the Fansipan Heaven Gate is held on the 9th day of the lunar calendar every year at Fansipan spiritual complex, also known as the "Roof of Indochina". This is a spiritual event to open the spring travel season and worshipping Buddha for peace in the early spring. The 9th day of the first lunar month is also the Birthday of the Jade Emperor, the king of Heaven, which is said to bring a lot of fortune and peace for Buddhists and visitors here. Although this year's festival is short and simple, it is no less solemn with the participation of monks, nuns and Buddhists. Everyone is required to wear a mask and line up for safety and the prevention of COVID-19. Standing in front of the majestic pagoda with a faint scent of incense, the monks, nuns and Buddhists pray for their family's well-being and a peaceful new year for the world. The complex consists of spiritual structures divided into 12 clusters, bearing the characteristic architecture of the Vietnamese ancient pagoda, stretching from the height of 1,600m to 3,000m atop Fansipan. The journey to worship the Buddha and pray for peace will begin with a prayer ceremony at Bao An Thien Tu, the first project in the complex, located opposite the Fansipan cable car station. After the prayer ceremony, Buddhists and …

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