Growing industry Billion dollar business with environmental protection

Status: 23.06.2021 10:45 a.m.

Environmental protection is increasingly becoming an economic factor, especially in manufacturing. According to the Federal Statistical Office, sales are increasing and hundreds of thousands of jobs have been created in Germany. Environmental and climate protection are increasingly proving to be a lucrative business for industry and service providers. As the Federal Statistical Office announced, the industry achieved sales of 73.6 billion euros in 2019, 3.1 percent more than in the previous year.

Three quarters of this was achieved in the manufacturing sector, first and foremost in mechanical engineering (22.1 billion euros), followed by electrical equipment (6.5 billion euros) and the manufacture of cars, trucks and buses – and parts for them (5.8 billion euros) Euro).

The construction and maintenance of apparatus for air pollution control has grown particularly strongly. Here sales climbed by more than a third to 10.5 billion euros. These were mainly products for exhaust gas and exhaust air treatment, such as catalytic converters. In the area of ​​electromobility (limited to cars, trucks and buses), sales of 2.5 billion euros were reported in 2019, 24 percent more than a year earlier.

Over 300,000 employees

Energy-saving drive and control technology, the construction of onshore wind turbines, the thermal insulation of buildings, and the renovation and construction of sewer systems also ensured business worth billions.

The growing importance of environmental protection for the German economy is also leading to the creation of new jobs, so-called “green jobs”. The number of employees who contributed goods or services to the industry was 305,000 in 2019. Compared to the previous year, the number rose by almost 16,000. More than two thirds of the employees in the sector were employed in manufacturing companies

Recently, the information that the couple Thuy Tien – Cong Vinh leveled a villa of more than ten billion dong to build a new one attracted the attention of netizens. Photo: HONG Express Talking about the reason for rebuilding the villa, Thuy Tien said that she originally planned to repair the house, but when the driller came to reinforce the foundation, the wall collapsed, almost causing death. To ensure safety and avoid danger, the female singer was forced to dismantle and build a new one. Screenshots Before being demolished and rebuilt, the villa of the couple Thuy Tien – Cong Vinh is located in a high-class housing area for the elite in District 7, Saigon, worth up to nearly 20 billion (including land, house and furniture). Photo: People of Vietnam The villa has the main white color tone, creating a luxury, lightness and comfort. Photo: Vietnamnet The house is also designed with many large glass doors to create spaciousness, coolness and closeness to nature. Photo: FBNV. Thuy Tien’s villa has an area of ​​​​up to 300m2, with a full garden for girls to play freely. Photo: FBNV The kitchen and dining area are connected to the living room. Photo: Vietnamnet The kitchen space is also designed by the singer in the same white tone as the living room. Photo: Vietnamnet A corner of the storage room was once revealed by Thuy Tien. Photo: FBNV Around the house, husband and wife Cong Vinh – Thuy Tien grow vegetables to serve family meals. Photo: FBNV The outside of the villa. Photo: Vietnamnet Video: Ho Chi Minh City preserves ancient villas. Source: VTV24

Alliance against China G7 countries decide on global infrastructure plan

Status: 13.06.2021 6:38 p.m.

At the initiative of US President Joe Biden, the G7 countries agreed on a billion-dollar infrastructure initiative for the emerging countries. It should be an alternative to China’s “New Silk Road”. From Notker Blechner, tagesschau.de It sounds like a kind of “Marshall Plan” for the poorer countries of the world: At the G7 summit in Carbis Bay, the leading western industrialized countries have an infrastructure project entitled “Build Back Better World” (in German: a better world rebuild) decided. Hundreds of billions of dollars are to be invested by the G7 countries in cooperation with the private sector.

The US is the driving force behind the initiative

The project was promoted by US President Joe Biden. It is reminiscent of the billion dollar infrastructure plan adopted in the USA, which Biden promoted under the slogan “Build Back Better”. The aim is to offer poorer countries “transparent high-quality partnerships”, announced Biden at the end of the summit. The global infrastructure project of the G7 states is supposed to be an alternative to the “New Silk Road” with which China is promoting infrastructure projects from Asia to Europe. The People’s Republic has agreed “Belt and Road” projects with around 100 countries, including the construction of new train routes, ports and roads. According to the business information service Refinitiv, around 2,600 projects with a volume of 3.7 trillion dollars have already been launched. Critics accuse Beijing of driving poor countries into a debt trap and into political dependency. With the “Silk Road”, China is pursuing the goal of expanding its geopolitical influence worldwide. A US official called the new G7 alliance against China’s Silk Road a positive alternative vision that “shows our values, our standards and our way of doing business”. It is not about “the countries have to choose between us and China”.

Transparent alternative to the “New Silk Road”?

Chancellor Angela Merkel gave a less ideological justification for the infrastructure plan of the G7 countries. “We have to deal with the fact that China is running quite successfully infrastructure projects,” she admitted. “We can’t just stand by and watch.” The G7 group must show “that we are an important and successful factor in development work in the world”. She emphasized that the project was “not against something, but for something”, namely the expansion of the infrastructure, especially in Africa. The German economy has been demanding for some time that Europe react to China’s “New Silk Road” with its own infrastructure strategy. “If we want to regain spheres of influence in developing countries, it is not enough to criticize China. We have to make better deals,” said Friedolin Strack, head of the International Markets department in the Federation of German Industries (BDI), to the “Handelsblatt”. German companies usually go away empty-handed when it comes to the Silk Road projects.

Trillions of dollars are needed

According to Biden, there is a global need of 40 trillion dollars for the expansion and modernization of the infrastructure. He didn’t give any details. In a preparatory paper for the G7 summit it was said that 1.5 to 2.7 trillion dollars of additional money would be necessary every year for the developing and emerging countries to achieve the sustainable development goals of the United Nations. In fact, many countries in Africa, Asia and Latin America lack modern roads, train lines, bridges and ports, as well as facilities for water supply, sewage and waste treatment. In the opinion of the G7 group, the World Bank and other international financial institutions have proven to be too clumsy when it comes to infrastructure projects. This is why national development banks in particular, such as the German Reconstruction Loan Corporation (KfW) or the US International Development Finance Corporation, are now to develop and implement projects.

Concrete projects only in 2022

It will take a few more months for the G7 countries’ global infrastructure plan to take shape. The first concrete projects are not expected to appear until next year. The new G7 task force for infrastructure projects in developing countries is to make specific proposals in 2022. “I hope that we can present such projects at the next G7 summit,” said Chancellor Merkel. Germany will take over the G7 presidency in 2022.

Although it is summer, Quang Ninh tourism is “frozen” due to the influence of the Covid-19 epidemic. Ha Long international passenger ship port these days seems to be more crowded, because hundreds of ships are anchored at the same time. The scenery is beautiful but gloomy because all the ships are lying on the shore. From May 6, due to the extremely complicated developments of the Covid-19 epidemic, Quang Ninh province has suspended all sightseeing and tourism activities at tourist sites, tourist attractions, relics and scenic spots on the island. locality. Ha Long Bay has about 500 cruise ships operating, but now from ships serving day visitors to overnight cruises worth hundreds of billions of dollars, all are subject to dormant anchorage at the wharf. No longer crowded with tourists, the harbor is deserted. It is estimated that before the pandemic, there were peak days when Ha Long Bay welcomed nearly 20,000 visitors. Many weekends in the summer of last year, the number of visitors has also recovered. Bai Chay tourist area is equally deserted. Along with tightening 5K, Quang Ninh has also asked to stop many non-essential services, making the streets even more deserted. While a number of large hotels have chosen to temporarily close at the beginning of the year, many small and medium hotels are still operating in moderation. “The travel stop is necessary to prevent the epidemic, we also have to adapt by letting employees take a break, then selling online,” said the owner of a restaurant. At the weekend, people came to Bai Chay beach to admire the scenery, some people still went to the beach to swim despite the regulations to suspend beach activities, not to gather crowds on the beach, and the loudspeakers continuously warned. The border of the sea is mainly local people going to exercise, complying with wearing masks to prevent epidemics. At Tuan Chau Tourist Area, the port area to welcome guests is also no longer a shadow of ships coming in and out. Previously, after the outbreak of the epidemic in early 2021, from about March, tourism activities in Quang Ninh returned, but the number of visitors was not large. Many ships in a state of “not being able to restart yet were lying ashore”. “The ship doesn’t go to sea but still has to maintain maintenance and lookout personnel, the bank debt also keeps increasing,” a ship owner lamented. Tens of thousands of direct and indirect workers in the tourism industry in Quang Ninh are also having to quit, relax, and struggle to wait for the end of the epidemic.

Phuong Hang’s appearance in the previous livestream. The “heavy” gold chain of female director Dai Nam If in the past “public talks”, Phuong Hang once showed off two diamond rings that “break her head”, or the last time she wore a “heavy” gold chain. This time, Mr. Dung’s wife “lime kiln” is extremely stylish when wearing a whole set of “glamorous” diamond jewelry. Phuong Hang’s “flashy-toned” jewelry set Earrings, necklaces, bracelets and watches are studded with sparkling diamonds. In particular, the two diamond rings in kilograms of Mrs. Phuong Hang make netizens “dazzle”. If you follow it, netizens can easily see that Phuong Hang prefers to choose a black outfit every time she appears in public. Two diamond rings “in kilograms” make viewers “dazzle”. Under the livestream, netizens are constantly praising Phuong Hang’s wealth. Many social media accounts commented humorously asking “for a soul” to be rich like female director Dai Nam. Besides, Phuong Hang also said that many fans have transferred money to offer coffee: “Oh my god, I’m in debt to you, too god the money transferer offered me coffee, just drank coffee but transferred 500 thousand, 300 thousand so bad guys” . The truth about the recent scandals is unknown, but Phuong Hang seems to have “pulled” a huge fan base towards her.

Illustration. Dragon Capital has always had a special interest in banking and real estate, which are the two industries with the largest market capitalization in Vietnam’s stock market. However, following recent developments shows that this group of funds is having a significant change, strongly selling real estate stocks and aggressively collecting banks. STRONG BANK Specifically, as of May 18, Vietnam Enterprise Investment Limited (VEIL), the largest investment fund in Vietnam with a scale of 2.14 billion USD, managed by Dragon Capital, allocated 31.4% of the portfolio to the banking group. increased sharply compared to the figure of 28.83% in early January 2021 and 29.8% compared to April. On May 18, VEIL’s NAV/Share value reached 10.57 USD, up 27.35% compared to the beginning of the year, this is an outstanding growth compared to the increase of the VN-Index which increased by 15.41. %, in USD. Top 10 largest investments of VEIL hold 4 banking stocks, including: VPBank accounting for 11.76%; ACB 9.22%; VCB 6.29%; TCB 3.65%. Most recently, on May 11, VIEL bought 1.5 million shares of VpBank. Besides VEIL, other funds of Dragon Capital such as DC Developing Markets Strategies Public Limited Company purchased 600,000 shares of VPB; CTBC Vietnam Equity Fund and Norges Bank bought 500,000 shares; Samsung Vietnam Securities Master Investment Trust (SSMIT) bought 50,000 shares. Thus, through member funds, Dragon Capital bought a total of 3.15 million VPB shares, estimated to spend 200 billion dong, thereby, raising the bank’s ownership rate from 4.99% to 5.12%, becoming the only major shareholder of VPBank. Previously, in mid-April, Norges Bank and SSMIT also bought a total of 9 million ACB shares out of a total of 10 million registered shares. The remaining one million shares could not be bought because ACB ran out of foreign room. Prior to the purchase, neither Norges Bank nor SSMIT owned any shares in ACB. After the transaction, the ownership ratio of these two funds at the bank increased to 0.396% and 0.017% respectively. If calculated according to the market price of ACB shares during the transaction period, two member funds of Dragon Capital may have spent about 300 billion VND to buy 9 million ACB shares. RUN FROM REAL ESTATE GROUP In the opposite direction, Dragon Capital fund group continuously sold real estate and construction stocks. Specifically, Dragon Capital group continued to divest from Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company. During the period from April 20 to May 13, member funds including Amersham In Industries Limited, SSMIT, Norges Bank continuously sold out with a total of more than 6.3 million shares. After the transaction, Dragon Capital group reduced its total ownership in CII to 7.64%, equivalent to more than 18.2 million CII shares. Not only CII, Dragon Capital also recently continuously sold KBC shares of Kinh Bac Urban Development Corporation in the context that this share price plummeted to 32,000 VND/share compared to the historic peak price in January. is 45,000 VND/share. On May 6, this group of funds sold 2.56 million KBC shares and on May 12 continued to sell 1 million KBC shares, reducing their ownership ratio from 7.5% to 6.7%, equivalent to with 31.9 million shares remaining. In April, this fund group also worked hard to sell KBC shares. Dragon Capital’s continuous selling was also in KDH shares of Khang Dien House Trading and Investment Joint Stock Company. On April 19, Dragon Capital announced a net sale of 1.86 million KDH shares, of which Grinling International Limited’s member fund sold 2 million shares and Norges Bank bought 142,900 KDH shares. After the transaction, the total ownership of Dragon Capital group in KDH decreased from 10.21% or 57.07 million shares to 55.21 million shares, or 9.8%. At Dat Xanh Group Joint Stock Company, a group of large shareholders Dragon Capital also sold 3.78 million shares of DXG in mid-March, reducing its ownership ratio from 17.3% to 16.6% in Dat Xanh. Dragon Capital’s largest fund allocates its portfolio to many large-cap real estate stocks. Along with selling down the proportion of midcap stocks in the real estate industry, Dragon Capital allocated more portfolio to this industry blue chip with typical codes like VIC of Vingroup, VHM of Vinhomes, and NVL of Novaland with respective proportion 8.78%, 5.68% and 3.7% in VEIL’s portfolio. In the investment proportion of VEIL, the real estate group also decreased from 27.24% to 27.03%. Dragon Capital has always had a special interest in banking and real estate, which are the two industries with the largest market capitalization in Vietnam’s stock market. In 2021, these two industry groups also stand out with the story of capital increase, which is expected to raise the share price of these two industries from now until the end of 2021. However, many securities companies believe that residential real estate can increase the proportion, but the banking group should be careful because the outlook has partly reflected in the price. Bank stocks during the past time have grown continuously, cash flow will most likely find other groups with better growth stories such as steel, agriculture, real estate…

Business development in a large population, scientific organization, diversified product line combined with tourism, entertainment is a very successful economic model in the world. Especially, when tourists increasingly prioritize convenient experiences, they do not have to move much, they also quickly enter the era of “3T”: Integration – Convenience – Experience. Mr. Nguyen Quoc Ky, Vietravel’s General Director, took Thailand as an example: “It’s not like they went back many times because they wanted to visit the Palace. It is the experiences of shopping, dining and overnight activities that help visitors constantly discover the local culture, attracting them to come back ”. A typical example is the night market of Ratchada or Asiatique, which is planned into perfect shopping, entertainment and culinary complexes, contributing to bringing a new color to the nightlife in the tourist city of Bangkok. Large shopping areas that gather brands from international to local, to small business households are arranged adjacent to the restaurant complex, street food stalls, interspersed with performances, lively activities in public areas. Thanks to these “night market” models, Bangkok has become the leading destination in Southeast Asia with international spending of nearly US $ 200 / day. Ratchada night market in Bangkok is well planned, attracting tourists In Vietnam, the model of “trading with friends, selling with wards” has existed for a long time, such as Ben Thanh Market, Bui Vien pedestrian street, Ta Hien pedestrian street, giving visitors a local experience itinerary, from visiting, shopping, eating, playing in the same area. Although not yet professionally planned, it is undeniable that these destinations still attract millions of international visitors each year, becoming a place to “check-in” on the international tourist map, bringing a source of revenue. “Endless” collection for shops around the area. Finance expert, Dr. Can Van Luc also said that the combined model of tourism, entertainment and commerce has increased the value of the economy “under the light”, bringing “huge” profits to the players. tourism agencies such as Genting (Malaysia), Pattaya (Thailand), Singapore … “Shared home” worth billions of dollars for all industries and services Following the “golden road” of these retail travel models, the super-complex Phu Quoc United Center will pioneer to explore the night economy when it launches on April 21, 2021. This super complex will be the first large-scale “communal house” with a full range of services for tourists: relaxation – entertainment – shopping. This is the “symbiotic” way, which has an irresistible attraction to tourists, thereby forming a diversified business community with “huge” profits. Grand World is planned into subdivisions with international architecture, creating a strong impression on visitors Specifically, built according to the model of a commercial street, Grand World Phu Quoc is integrated with a series of record works and unique experiences: the largest bamboo legend in Vietnam, the first Teddy Bear House in Vietnam. Scale of the world’s top 5, Garden of Eden and Garden of Glory with European architectural style, Venice Canal with romantic Dating Tower on the surface of Love Lake. These impressive check-in points are arranged throughout, leading customers to all commercial shop subdivisions. In addition, the commercial area is planned into subdivisions with typical international architecture: Indochine street (Indochina) is designed in Indochina style and shops with bustling Asian street culture. . “Business community” here is Phu Quoc Grand World Night Market unique with hundreds of stalls with street food prepared and enjoyed hot on the spot; NightZone 68 with a vibrant night entertainment model open until 6:00 am. Along with that are a variety of culinary brands such as: Ham Ninh seafood world, Phu Quoc silk beef and German draft beer, Nguyen Ky fried rice, Hanoi noodle soup, Pizza Villa, Volcano Beefsteak, Kimbusam BBQ … Interwoven into the “culinary world” will be such beverage and coffee brands Hokkaido Baked Cheese Tart, Napoli Coffee, Pozaa Tea … All will resonate together to provide visitors with a unique “concept” experience, holding them from store to store. The Mediterranean Quarter offers unique architecture and generous, vibrant nightlife experiences Located right next to the Indochine subdivision is Mallorca Street – a vibrant street of bars and pubs playing all night. Gathering a series of “cult” faces of activities under the light such as: JC Fun Pub, Zingxi Hongkong by Night, Phoenix 84, Yolo Bar, Relax Bar … This will be one of the busiest neighborhoods at Grand World, promising to “bumper” in the night. Meanwhile, the Shanghai neighborhood is indispensable for hundreds of culinary brands with typical Asian flavors such as: Kien Xon noodle soup, Pho Ly Quoc Su, Bach Restaurant, Tu Xuyen barbeque, American restaurant … with Yotea, Bello House, Fern Forest Coffee, Goofoo Gelato, Ha Long Pearl Yogurt, Vinh Long Pomelo Tea, The Mekong Connect … and shop for souvenir products and unique specialties from Bird’s-nest nests on pearl island, Huong Sac of Coconut, Giving Smile, Vietnamese Craft Village and convenience store Daiso, Minigood. Along the two sides of the Venice Canal – the colorful neighborhood of Grand World – is the world of coffee and shopping booming with domestic and international chain brands that are loved by customers. Visitors can enjoy the sweet taste from The Coffee House, Trung Nguyen Legend, PLA Coffee, Tous les Temp, Power Mia … and prominent shopping and fashion brands like The Ao Dai Sy Hoang, Pierre Cardin, Rabity, My Kingdom … In particular, the super shows that are invested tens of millions of USD “The quintessence of Vietnam” or “Colors of Venice”, the bustling festivals all year round at Vu Dieu Tropical Square … will also be the magnet to attract. guests, taking them on the journey leading to the busy commercial streets. High-class entertainment activities will resonate together, enhance the experience for visitors Phu Quoc United Center is considered a “common home” for all industries, services, and symbiosis to create a unique travel experience never before seen for visitors in Vietnam. In addition to special shopping, resort services, entertainment at Vinpearl, Vinpearl Safari or Corona Casino, they will also be companions with Grand World, causing visitors to continue to register Phu Quoc United Center. to the tourist list each year, for many years to come, providing long-term income for retail investors here.