report

VW factory in Emden When 8,000 employees have to rethink

Status: 19.06.2021 10:18 a.m.

In the future, only electric cars will roll off the assembly line at the VW plant in Emden. This means billions in costs for the group – and many changes for the employees. And some jobs will probably disappear.

From Sebastian Duden, NDR

“What is that again?” Andreas Buse looks at his trainer questioningly and points to a magnetic picture that he should hang in the right place on a board. “This is the heater for the battery, which is also in the front of the vehicle.” It is about basic knowledge of the new electric cars that are to be built here at the Volkswagen plant in Emden from 2022. All 8,000 employees at the site go through the training.

It doesn’t work without a plug

It will be more special for the production staff at the next station. Buse has to be even more careful. This is about plugs. He’s trying to build a cable to an electric car charger. It doesn’t work, and he has to find the problem. “Ah, okay, a pin is bent, that’s why it doesn’t work.” His instructor nods. “So don’t just check the connector, but always look at the component to see if nothing is bent.” Plugs – they will be even more important in the future, so they have already been. Without a plug there is no flow of electricity, and then they cannot even drive the cars out of the hall. “To know that the vehicle cannot be delivered at all and that a fault then has to be laboriously searched for, that is something I have great respect for,” says Buse.

No oil, no engine compartment

One hall further is the ID.4 – the electric car that will roll off the assembly line here from 2022. It’s an SUV, weighing more than two tons. Much of the weight is caused by the large battery. Depending on the model, the ID.4 should travel up to 500 kilometers.

“The dipstick is no longer there, oily fingers, the time is over,” says project manager Hanno Greune. He opens the “bonnet” of the car, which actually doesn’t deserve the name anymore, because you won’t find an engine here. That is not much more than a “technical room”, he admits, there are now fans and heaters, for example. “In our vehicles, the engine is on the rear axle,” says Greune. He points to a plain black cover in the trunk. Underneath is a comparatively small unit – about the size of a sports bag.

So far mainly the location for the production of the VW Passat, in a few years pure electrical work: the factory in Emden. Image: picture alliance / Jochen Tack

The VW plant in Emden is already the size of an entire district. It is now being expanded again towards the Ems. For this purpose, foundation piles had to be driven 30 meters deep into the muddy subsoil. The largest hall has 45,000 square meters. A total of six new halls and logistics buildings will be added. The expansion will cost one billion euros. “The renovation is the most massive that the site has ever gone through,” says plant manager Uwe Schwartz. “We are massively involved in all structures. We are creating more than 100,000 square meters of new space.” Schwartz was brought in specially for the renovation. Before he headed the planning staff at the main plant in Wolfsburg, now he can implement the ideas developed there on site.

Simpler technology, fewer jobs

Volkswagen relies entirely on electric drives. The conversion should be a clear commitment to electric drive – even if experts can imagine other drive types in the future, for example in combination with synthetic fuels. For a transitional phase of three years, VW wants to build cars with internal combustion engines in Emden at the same time.

“Emden is the first location in Lower Saxony that will then be completely converted to vehicles with electric drives,” says Schwartz. Up to now, the “Passat” models in particular have rolled off the production line at the plant. Electric vehicles, however, have a much simpler drive than petrol and diesel. Most of them not only have more complex engines, but also finely graduated gears and gearshifts. All of that is missing in an electric car. As a result, manufacturers actually need fewer employees to build them.

Fewer employees needed to build e-cars

The works council in Emden sees the problem and expects the loss of some jobs. However, new employees are also needed elsewhere, says Works Council Chairman Manfred Wulff. For example in digitization. “We still need bodies that have to be pressed and painted, so we won’t lose a lot of work. The fact that we no longer have the classic engine will be eliminated.”

Experts predict that in the worst case scenario, it could hit a third of those employed in vehicle construction during the transformation phase. But they see it differently in the works council in Emden. There they even wished to switch over to electric car construction as quickly as possible. After all, the sales figures for the classic VW models have not developed positively. The alternative would have been to build more models with internal combustion engines at the Emden location in order to utilize the capacities. Then it would be better to have a clear future perspective, according to the works council. This is how Andreas Buse sees it, who is now back on the production line and wiring the engine compartment of the Passat and Arteon models. “Sure, there will be restructuring, but I’m not afraid of it.” Many of his colleagues will probably go into partial retirement in the course of the restructuring. However, he is only 32 years old. And he is also looking forward to the changes. Even if he will miss the Passat, as he admits when asked

Exclusive

Housing market Tax tricks with Interest settlements

Status: 06/17/2021 10:42 a.m.

Financial investors speculate with billions on the German housing market, but hardly pay taxes – thanks to a legal trick. The federal government wanted to close this loophole. But loud monitor – Research won’t come of it.

By Lutz Polanz and Jan Schmitt, WDR

“Behind this house is an American company, the trail of the owners leads via Luxembourg to the Cayman Islands” , tells Coni Pfeiffer, activist and spokeswoman for the # 200Houses network. Tenants from Berlin have come together to defend themselves against the conversion of their apartments into expensive condominiums and the greed of financial corporations. It is similar with the other houses on the opposite side, explains Pfeiffer. Here the trail of investors leads to tax havens such as Gibraltar or the Virgin Islands. The Berlin real estate market has long since become an Eldorado for major investors who want to remain anonymous. The official owners are companies with names such as Magenta Properties S.à.rl or Berlin Project-1 Property III S.à.rl The names often conceal complex corporate structures with a whole chain of companies. In the end, they lead to well-known tax havens, for example in the Caribbean.

Interest trick to save taxes

The elaborate company structures apparently also serve to avoid paying taxes to the German tax authorities. A completely legal interest trick helps the companies: The parent companies lend money to their subsidiaries who own the houses and land in Germany. In return, they charge them high internal interest rates – much higher than they would otherwise have to pay at banks. The interest payments of the subsidiaries reduce the profit in Germany and thus the taxes that would have to be paid here.

“The profits go to countries in which no tax is levied on interest income”, explains Gerhard Schick, board member of “Citizens’ Movement Finanzwende”. “Thanks to these high interest payments, it is practically possible to push the income abroad, so that in Germany you can tell the tax office that we have actually not earned any money, but that the profit is generated abroad.”

Billions are being lost to the Treasury

“Every year the German state loses five to seven billion euros as a result of the interest rate trick”, adds Christoph Trautvetter from “Network tax justice”.

So far, the tax authorities have been able to do next to nothing about it. There is no corresponding legal regulation. Specialists have been calling for them for years, for example Manfred Naumann, an expert in international tax law and head of department in the Federal Ministry of Finance for many years: “I am frustrated that the legislature and the Federal Ministry of Finance are unable to find such a regulation”, said Naumann in an interview with the ARD -Magazine monitor . For him the state wears one “complicity” because financial resources run into the billions “flow untaxed”. Proposals for such a regulation have long been on the table. Accordingly, the interest rate would always be used as a benchmark at which a group can borrow money from the bank. Demanding higher interest rates internally would only be possible if the group can justify it well. That would be a kind of reversal of the burden of proof, which experts believe would prevent a large part of the tax damage.

Paragraph disappeared

The Federal Ministry of Finance under Olaf Scholz (SPD) had proposed precisely such a new regulation in a draft law. But the CDU / CSU parliamentary group intervened and the corresponding passage was deleted from the draft. The Federal Council then made a new attempt to resume the regulation. But this was also thrown out at the instigation of the Union.

“Braking measures against money laundering, aggressive tax avoidance and tax evasion by the CDU / CSU has a long tradition”, criticizes Sven Giegold from the Greens in the European Parliament. However, he is also surprised that the SPD did not protest against it.

The Union faction wanted to get up monitor -Do not answer the request. The Federal Ministry of Finance, led by Scholz, is now apparently at a distance from its original approach. Corresponding changes “should ideally be coordinated internationally”, it says in a response from the ministry to a request from monitor .

Now the match ball lies with the Federal Council. He wants to decide at the end of June whether to call the mediation committee or wave the law through with the loophole

Industry collects billions Record sums for biotech companies

Status: 15.06.2021 10:46 a.m.

The successes of biotech companies such as BioNTech attract investors: The industry has a new financial record in Germany. But the exuberance could be followed by disillusionment. By Thomas Spinnler, tagesschau.de The entire biotech industry is currently benefiting greatly from the attention generated by the rapid and successful development of corona vaccines. The pandemic has given a boost to a sector that is already in the focus of many investors due to technological and medical advances in recent years. As the “Financial Times” (FT) reports, the venture capitalist Flagship Pioneering – one of the major investors in the Vaccine manufacturer Moderna – around $ 3.5 billion for a new fund. Its aim is to promote the next generation of biotech companies.

Fund tries a new model

When investing in the biotech industry, investors must calculate with particular risks. Many of the companies to invest in do not yet have a product on the market. It is uncertain whether this will ever be the case, as the path from research to a marketable product is very long and often fails.

01/06/2021

Flagship Pioneering is now trying a different way. What is special, according to “FT”, is that the fund’s goal is not the usual search for newly founded companies in which to invest. Rather, modern biotechnologies are to be developed in-house in certain segments under the umbrella of the fund. Only then are plans to set up companies as offshoots.

The profits are gushing

Unsurprisingly, financiers are on the lookout for business ideas; they smell a gigantic business. Just a look at the rapidly rising share prices of many companies in the past few months shows how convinced the market players are of a lucrative future for the sector. In fact, profits are gushing – at least for the best-known representatives who have successfully launched products. BioNTech generated a net profit of 1.1 billion euros in the first quarter of 2021. In the first quarter of 2020, the Mainz-based company had to accept a net loss of 53 million euros due to high research and development costs.

05/10/2021

The US vaccine manufacturer Moderna made in the first quarter profit – equal to a billion dollars. In the previous year, Moderna had to cope with a loss of 124 million. The turnover multiplied from eight million to 1.9 billion dollars. $ 1.7 billion of this comes from corona vaccine revenue. While Moderna shares rose by more than 200 percent in the past twelve months, BioNTech shares gained over 340 percent in the same period.

Lighthouse companies in particular benefit

In Germany, the biotech industry set a new financial record last year. As the experts from the testing and consulting company EY calculated in their Biotech Report 2021, financing in Germany reached a peak of 3.1 billion euros in 2020. A comparison with the USA shows the order of magnitude. According to EY, around $ 100 billion went into biotech financing for venture capitalists.

02/27/2021

“Covid-19 is a huge catalyst for the entire biotechnology industry,” said Alexander W. Nuyken, Head of the Life Sciences Sector in Strategy and Transactions at EY and co-author of the study. In their report, the experts at EY point out that the investments essentially relate to the flagship company BioNTech, which alone accounted for 51 percent of the financing volume in 2020. According to Nuyken, biotechnology is part of the solution to a problem that is a matter of fate for humanity. “That has come to mind.”

More help from the state?

This year it’s going on at a high pace: The “Handelsblatt” quotes from preliminary figures from the Bio Deutschland Association. Accordingly, the industry received a total of 870 million euros in capital from January to May. That is around three and a half times as much as in the same period last year. Nuyken campaigns for the state to help even more: “I hope that politicians show more will to improve framework conditions.” There is now an opportunity for the biotech scene to play a major role in this country in the long term or to play an even greater role in the future.

Hope for new products

In fact, taxpayers have already made a major contribution to making the industry so successful: Since the beginning of the pandemic, governments have allocated tens of billions to research and development on vaccines, which are now generating sales and profits for companies. However, it is uncertain whether, thanks to the many fresh billions, the supply of innovative medical products will make a leap. Nuyken warns of disappointing expectations: “If investors with no biotech experience think they can make a quick buck here, they’re wrong.” After the boom, the expert warns, disillusionment could quickly set in.

At 12 noon, Mrs. Nguyen Thi Chi (67 years old, from Ben Tre) returned to a shack in Vinh Loc B commune (Binh Chanh district, Ho Chi Minh City). Due to the complicated epidemic situation, her business of selling lottery tickets has been severely affected. Going all morning, she has not sold more than half of the lottery tickets received from last night. “Selling too slow, I’m worried this month I won’t be able to pay for the room. Fortunately, the landlord has announced that he will cut my rent by half,” said Ms. Chi, adding that she would tighten spending. To save money, every day, she eats only white rice and dried fish that was given to her by a neighbor. Living in a difficult situation, she was very happy when she heard that her rent was reduced. This joy also comes to more than 300 people who are renting at Residence No. 1 (Hoc Mon district, Ho Chi Minh City). Mr. Pham Trung Hieu, the owner of the accommodation, said that during the recent Covid-19 epidemics, the Ho Chi Minh City Youth Worker Support Center and the accommodation have implemented many programs to support tenants. Currently, many motel owners have exempted or reduced rent for employees. During this epidemic, he also reduced the rent for more than 300 people staying here. “We give gifts to workers who are renting and reduce the room rate by 50%. The accommodation is supported by a sponsor of the Ho Chi Minh City Youth Worker Support Center. We will organize people to come and receive free rice next Saturday,” he said. Meanwhile, in a row of more than 20 rooms for rent on Nguyen Cong Hoan Street (Ward 7, Phu Nhuan District, Ho Chi Minh City), Mr. Ho De is free of charge for some tenants here. This is the fourth time that Mr. De has exempted or reduced the rent. He said: “Three previous epidemics, I also exempted and reduced rent. Poor families rent here for many years, I reduce the money. For students, students with difficulties, I always free rent.” Ms. Only received a reduction in the rent of the room from the lessor. To save money, she only eats white rice with the dried fish given to her. Local people said that Mr. De’s exemption and reduction of rent is not uncommon. Because more than 40 years ago, he had taken care of, even for people with difficult circumstances, poor students to stay in free accommodation. Leave a house of tens of billions, treat tenants like family In particular, recently, he completed a will with the content of leaving 2 houses worth tens of billions of dong for the lonely elderly and poor students – free of charge. Ho Thi Nhu Quynh, a student at the University of Industry 4, who is renting here, said: “Every epidemic, Mr. De also visits and asks for the innkeepers”. “He put up a notice to give everyone a 50% discount on rent. However, when he knew which families were too difficult, he reduced them from 60-70% of the rent. Some people are completely exempted from rent by him,” Nhu Quynh said. Similar to Mr. De, Ms. Nguyen Thi Thuy (owner of a motel room in Tan Quy Ward, Tan Phu District, Ho Chi Minh City) also reduced the rent and space for the poor from last May. This is the fourth time that Mr. Ho De has exempted or reduced the rent. However, until this June, the epidemic situation in Ho Chi Minh City was still complicated, so she continued to reduce the rent. She even actively reduced the rent of her already very low business premises. Mr. Nguyen Van Tai, the tenant of Ms. Thuy’s premises, said that he and his wife rented the business front in front of Ms. Thuy’s inn to sell soft drinks. Although located in a large street frontage, crowded with people, convenient for business, Ms. Thuy rented it to him at a very cheap price. “In this epidemic, Ho Chi Minh City was separated for a long time, so I sold very little. One day, we barely sold anything, it was very difficult. Fortunately, Ms. Thuy actively reduced the rent. This has helped our family a lot during this tight time,” said Mr. Tai. Thuy shared, most of the tenants here have been with her for many years. According to each person’s circumstances, Ms. Thuy will reduce the rent differently. She said: “In the epidemic, people who work are unemployed, business people are sluggish… Therefore, their income has also decreased a lot. How can I collect enough rent? I try to reduce the rent, rent the premises so that they can help some or that part. Right now, I just want to help workers overcome the pandemic so that they can stabilize their lives and send money back to their hometowns.” Like Mrs. Thuy, Mr. Hieu said, he always considers the people who are renting with him as “family members”. When his “family” was severely affected by the epidemic, he could not sit still. Therefore, even though he knew that he would lose a large amount of income when reducing the rent by 50% for more than 300 people, he still tried to do it.

Because of taxes and bans How tobacco companies are realigning themselves

Status: June 8th, 2021 4:00 p.m.

The big tobacco companies still make billions in profits with cigarettes. But after decades of success, BAT, Altria & Co. are slowly turning around in the face of increasing bans and rising tobacco taxes. They are still running an extremely lucrative business. But the revenues and profits of the large tobacco companies are likely to come under further pressure in the coming years. New restrictions could reduce profits, higher taxes are supposed to increase government revenues in the Corona crisis and will further increase the prices for the “blue haze”. The first increase in tobacco taxes since 2015 is due in Germany. In the spring the governing parties CDU, CSU and SPD agreed on the framework conditions for tax increases . This should generate additional revenues of 11.3 billion by the end of 2025. A good half of this should be collected more through the classic tobacco tax, e-cigarettes should generate tax revenues of three billion euros and less harmful products in the industry should also contribute almost two billion euros. These include tobacco heaters that manufacturers had brought onto the market in recent years. The tax increases are to start gradually from 2022.

“Smoke-free Germany” called for

This is another turning point for tobacco companies after the sale of menthol cigarettes was banned in the EU in mid-2020. But the tax hike does not go far enough for health organizations. Significantly higher taxes are necessary to get people to stop smoking, according to a statement from the German Cancer Research Center (DKFZ). On the occasion of World No Tobacco Day on May 31, the non-smoking alliance and the German Society for Pneumology and Respiratory Medicine (DPG) called for a “smoke-free Germany” by 2040. There should still be a long way to go until then. Tobacco consumption fell by around 30 percent between 2011 and 2020. However, just under a quarter of adults in Germany still smokes.

Billions in income from cigarettes

The tobacco companies, for which Germany is an important but not a decisive market, have been changing direction for years, but Altria, Philip Morris International and British American Tobacco (BAT) continue to make good money with traditional cigarettes. BAT, for example, earned around £ 6.4 billion net last year, a large part of which was paid out to shareholders in the form of a dividend. And the current business forecast for the first half of the year, which was published today, does not read badly from the company’s point of view: The group expects growth of more than five percent for the current financial year. This also exceeds the previous forecasts. According to BAT, products of “new categories” such as e-cigarettes and tobacco vaporizers are more important. According to earlier information, the tobacco giant intends to win around 50 million customers for the vaporizer in the next ten years; the total customer base is currently 150 million. Big competitors Altria and Philip Morris are also well represented in the e-cigarette and tobacco vaporizer business. But without writing off the classic cigarette. Philip Morris Germany, for example, recently increased production at the Dresden plant. Due to temporarily closed borders in the pandemic, the demand for cigarettes from domestic production even increased. The company also saw higher demand for “fine-cut” tobacco. It is used for rolling cigarettes – smokers are increasingly looking for inexpensive alternatives to cigarettes from the pack.

Tobacco vaporizers and cannabis products

The coming years will show how quickly the tobacco companies can change course strategically. Some of the manufacturers want to offer new products without nicotine, but with caffeine. They also work on cannabis products. Further legalization of cannabis could open up new billion-dollar revenue streams for them. However, the pressure on the classic cigarette from the state is likely to accelerate and at the same time burden this process of change on the part of providers. This applies above all to the world’s most important sales market for tobacco multinationals, the USA: According to media reports, the new US government under Joe Biden wants to reduce the nicotine content of cigarettes to such an extent that they should no longer be addictive. In addition, menthol cigarettes could also face a ban in the USA.

Ten o’clock, symbolizing school love first. When I was a kid, I was a playboy, relatively naughty, although still “ modest “than my friends. Climbing, shooting birds, playing games, fighting, playing around with baskets, hunting field mice… The country children of the distant times only had those little games. However, unlike my friends, I like to grow flowers. Back then, I didn’t know the knowledge about sex like now, but my mother was worried.” I’m a girl “. Flowers to plant also do not have many varieties, many species as now. Eating is not enough, few people in the countryside think about planting flowers. There are only a few species around: yellow chrysanthemums, banana flowers (commonly known as galangal flowers), especially, I like ten o’clock flowers. The garden also allows her mother to grow potatoes and vegetables. I put ten o’clock flowers anywhere, the smallest in terms of area is in the heart of the rice bowl, unfortunately chipped, or found in the dust. in a broken pot…. When I was a little older, I planted it in a bush, in a cluster in the yard and garden, along the small paths leading to the house. I belong to the category of skillful hands, looking for broken bricks and putting them together into lovely flower beds. Now the ten o’clock flower is grown commercially. I heard somewhere in Phu Yen there is “ little mistress “Make a farm of a thousand square meters and grow flowers for ten hours. “ Little mistress This company also opened its own channel on Youtube to introduce and sell. Unlike me, growing in batches, “ rich man “This ten o’clock flower has a variety of products, planting carpets, growing in hanging pots… satisfying billions of needs of “ the faithful ” Portulaca grandiflora. When I was a kid, I planted a few yards. Flowers know” sunshine “like me. The more sunlight, the more brilliant the flowers bloom. Next, plant flowers to know when to cook for parents to work in the fields, if they miss a beating. Flowers bloom around 10-11pm is the most brilliant. Maybe that’s why the flower that is dearest to my childhood is called the Ten o’clock flower? 2. The ten o’clock flowers that I planted in a bowl in the past, now my grandchildren’s generation still grow them in the country garden. To me, it is a grassy, ​​herbaceous, succulent species with small leaves, brittle stem, easy to grow. Cotton multi-layered, colorful, yellow, purple, red, white… This flower is so easy to grow, toss where to live. Click a bud, it will produce a few new buds, the more it is cut, the thicker it will be and has more buds, which means that the flower will bloom more. Before blooming, the flowers are small, then gradually open and widen, it looks very beautiful In the past, no one knew anyone, let alone flowers. Thanks to the Internet, this flower is known by many people. Who learns, type keywords “ Portulaca grandiflora ” immediately, in 0.41 seconds Mr. google will give 19.7 million results. Lots of songs, poems about flowers Ten o’clock. When I was young, I liked to plant. When I grew up, I knew that ten o’clock flowers symbolize love between the couple. Flowers represent loyalty, sacrifice for love. Not only that, the fragile beauty of this flower also symbolizes pure love. Although the flower is anxious, hard, and short, when it is bright, it is so brilliant. The purity of human dignity is always fragile, like the ten o’clock flower. that’s it. A colorful, unforgettable time Maybe that’s why ten o’clock flowers are beautiful, but “ long life “. Or conversely, anything that is pure is difficult to endure, so it is important to attach it to the flower Ten o’clock has that meaning. Blooming near noon, late afternoon withered. “ I love my daughter like a flower that blooms at ten o’clock and is only beautiful at the beginning “, musician Dai Phuong Trang used to exclaim in the song “ Portulaca grandiflora ” your. Short indeed. God does not take everything from anyone, even flowers. It fades quickly, but in return, the flowers of Ten o’clock are full of buds, and they bloom every day with new, splendid and passionate flowers. I like to call Ten o’clock in the sense of human will. Although broken, harsh, battered by each fate, still rise, easy to adapt to survive. Like us, fragile and broken. You know, I always remember the flower Ten o’clock was planted in your ear, in the beginning. Ha Tinh, June 7, 2021 New Year’s Day

After the US market closes this evening, Microsoft will report a significant increase in profits and a further increase in sales, analysts and investors are certain of that. The company is one of the most important beneficiaries of global digitization. The Microsoft share has risen to new record highs in the run-up to the presentation of the figures in view of further expected billion-dollar profits.

Headsets and cloud services

The outlook that the company will give in the evening should also show that its business success is increasingly linked to the US military. In early April, Microsoft announced that the US Department of Defense had ordered headsets and cloud services for up to $ 21.9 billion. The delivery contract, which runs for ten years, includes 120,000 virtual reality data glasses that Microsoft develops and sells under the name Hololens. Soldiers should not only have access to common services such as night vision and thermal imaging functions via the headsets, but also important data to facilitate tactical and strategic decisions with the help of augmented reality. The contract also includes Microsoft’s cloud services, which the company, as one of the market leaders, also offers to many private companies. When the US Department of Defense received its first cloud contract around two years ago, Microsoft outperformed its big rival in the cloud business, Amazon. This business is about the outsourcing of data and software services by companies to the data centers of providers such as Microsoft. In the “Intelligent Cloud” division, the company had more than a third of its total revenues last year (48 billion dollars). The growth here was almost twice as great as in the classic company areas in which, for example, the Windows operating system or the hardware and software of the “XBox” game console are marketed.

Employees protest

Microsoft’s increasing proximity to the Pentagon as a major customer had already caused some of the company’s employees to protest in 2019. With the development of a prototype of the Hololens, a limit has been exceeded, according to employees who reported under the slogan “Microsoft Workers 4 Good” on the Twitter short message service. Microsoft has never crossed the line to produce weapons before, and the data glasses enable soldiers to kill people in a targeted manner. At the beginning of April, the Pentagon’s new, even larger order also faced fierce headwinds: The critics from the workforce recommend Microsoft to deal with gender equality in the company rather than with the sale of war weapons. Microsoft boss Satya Nadella had already dealt with the concerns during the first negotiations with the Pentagon at the end of 2018. In a letter to the employees, he stated that Microsoft had been supplying the military with its services and software solutions for four decades. In addition, one stands by a “strong defense” of the USA by the US troops. “When it comes to the military as a company,” said Nadella, “Microsoft will get involved.”

Google got out of “Maven” project

The software company is not the only major corporation from Silicon Valley that has been criticized by employees and observers for deliveries to the Pentagon. In 2018 there was a storm of protest at the Google parent company Alphabet because Google provided algorithms in the “Maven” project with which US drones should fly more efficient attacks. Google then discontinued its participation in 2019. At Microsoft, deliveries for the US Department of Defense are also about its image as an ecologically but also ethically “clean” company. When it comes to environmental protection, the software giant is considered exemplary. By 2025, the carbon footprint should be completely “green”; Microsoft already only uses electricity from renewable energies. By the middle of the century, all of the CO2 that the company has emitted since it was founded in 1975 is to be removed from the atmosphere. But as far as the ethical standards are concerned, rating agencies that have specialized in sustainability criteria could soon take a closer look at an increasing integration of the company with the military and perhaps also adjust their rating.

Engineer Tran Nien Thuy. In 2017, the Control Center was established and officially put into operation. The 110kV grid system was transferred to the provincial distribution grid, and Mr. Tran Nien Thuy continues to be trusted with the responsibility of the company’s leaders to assign the responsibility of modal staff of the department. Directly in charge of many jobs that require deep expertise, such as: Calculation of operating modes and grid reactive capacity; forecast load demand serving assessment of electricity system security; make cards according to plans and irregularities; basic wiring diagrams of the system; calculation of automatic relay protection correction; calculating the loss of medium voltage and 110kV grid … At this time, in order to fulfill the task well, in addition to responsibility, the dedication must also be constantly innovating, mastering advanced technology and techniques. Mr. Le Quang Truong, Deputy Technical Director of Gia Lai Power Company affirmed: “Mr. Thuy has met that expectation, not only good at expertise, he also has many valuable initiatives, contributing to development of the power sector, typically as initiatives: Grid power loss reporting program; the program synthesizes the daily operating parameters report and manages the operation sheet; The initiative to connect the MCAP capacitor to the ABB SYS600 system … benefits the power industry billions of dong. Mr. Thuy was awarded many certificates of merit, certificates of merit by the Central Power Corporation and Gia Lai Electricity Company, the title of Grassroots Emulation Soldier “…

Entering showbiz quite early, at the age of 16, Minh Hang was famous in the entertainment industry as a versatile star. As an actress, she also works as a singer, the face of the brand and her own business. That’s why, now, she has become a famous giant in the showbiz world. Villa royal style of Minh Hang Minh Hang owns a million dollar villa located in District 2 of Saigon, the most prominent property of actress Minh Hang. This monumental mansion exudes elegance, modernity, glorious and splendid as a palace at first glance. The surrounding campus is also covered with lots of greenery. According to the owner, this property was built on hundreds of square meters of land, designed in the royal style. Minh Hang in the villa Although she does not have a passion for cars, Minh Hang still buys expensive canned cars for convenient transportation. In 2014, the actress born in 1987 spent 6 billion dong to own a luxury Porsche Panamera. Before that, she also bought a Lexus car for about 2.5 billion dong. In 2017, the news of Minh Hang giving a wedding gift to his brother, an apartment worth 2 billion VND, attracted a lot of attention from colleges. Box of Minh Hang Besides, Minh Hang is also a follower of brands. She owns many billion-dollar items from famous brands such as Hermes, Chanel or Dior … In the photo, she impressed with a diamond-studded watch of Frank Muller priced at 1.4 billion VND. In November 2018, the heart-shaped huge diamond ring on Minh Hang’s hand also made fans “wake up” for the wealth of the female artist. She is known to often spend a lot of money on expensive jewelry. In the photo, in addition to the diamond ring, the singer’s bracelet is simple, but it costs up to 200 million VND. She is a brand player in showbiz Quoc Truong: Knowing the estate a few tens of billion, luxury cars can not count Not doing showbiz as much as Minh Hang, but thanks to his own business, Quoc Truong still owns a huge fortune and is one of the richest Vietnamese showbiz artists. Currently, Quoc Truong is the owner of a 700-square-meter villa worth more than 20 billion VND in Can Tho. The family used to live in a village and spent a long time in economic poverty, so the first thing Quoc Truong did when he accumulated money was to build a house for his parents. Quoc Truong family in villa in Can Tho The villa has two fronts, adjacent to a large road, covered with many trees. This work inaugurated in early 2019, is home to the entire family of actors. In front of the porch is a large garden with many trees. Quoc Truong’s family often sits here waiting to cool and receive guests. The actor used to hold a grand party to celebrate his parents’ 40th wedding anniversary right in the garden. The large garden is enough for a party Most recently, Quoc Truong shared a 3D perspective of a 305-square-meter villa about to start construction in Ho Chi Minh City. This is a birthday gift he gave himself but designed according to his parents’ liking. The lot is located near Phu My Hung. Quoc Truong did not disclose the price but said the house after completion will be worth much more than the family’s villa in Can Tho. 300m villa is about to be built in Ho Chi Minh City In addition to real estate, Quoc Truong also owns a Mercedes-Benz S 450 L Luxury worth more than 5 billion VND. He bought this car in August 2019, after the effects of the drama ‘Go home, baby’. Currently, although Minh Hang denies the relationship with Quoc Truong after the clip of the two intimate in the bar is widely shared on social networks, netizens still look forward to another ending for the couple.

Xiao Chen’s uncle was a betel nut lover, but died of pharyngeal cancer a few years ago because of a long-term addiction to betel nut consumption. Before his death, Uncle Xiao Chen repeatedly said to his relatives: “You must not eat betel nuts, otherwise the ending will be the same as me.”

As we all know, there are many people in the south who love to eat betel nuts. However, because long-term consumption of betel nuts will increase the risk of cancer, many areas in the south have adopted certain control measures on the sales of betel nuts. However, it seems that the effect of restricting the sales of betel nuts is currently It’s not obvious, and the Blue Whale Financial reporter noticed that betel nut has become a good business in the northern market, and some consumers eat two or three packs a day.

Recently, by visiting the market, Blue Whale Finance reporters discovered that many betel nut companies have already spotted the northern market and spared no effort to lure betel nuts to dealers with high profits. Betel nut has also become one of the most popular categories in Chengdu Sugar and Wine Fair this month. Every betel nut company’s booth was surrounded by people.

It is worth noting that the seemingly unpopular food, with the expansion of the consumer group, has been eaten by many betel nut companies with a scale of tens of billions by betel nut lovers. According to distributors, Hunan Huangye Foods’ annual sales volume has exceeded RMB 10 billion after acquiring the time-honored brand Zhang Xinfa. The scale of the top brand taste king exceeds 20 billion yuan. In terms of the overall industry, some insiders claim that the size of the betel nut industry exceeds 100 billion yuan.

Behind such a large scale, betel nut has gradually spread from the original southern markets such as Hunan and Guangdong to northern provinces and cities such as Henan, Shaanxi, Hebei, and Beijing.

From the perspective of industry insiders, due to population mobility and the sparing efforts of merchants to promote and channel penetration, betel nut products are accelerating their penetration into the northern market, and the market scale continues to expand. The deeper reason behind it is the high profits brought about by the high price of betel nut, which has caused dealers to flock to it. At the same time, the addictive nature of betel nut products has brought a stable consumer base, which in turn allows businesses to have a stable source of income.

However, as a food that is listed as a carcinogen by the World Health Organization along with tobacco, the carcinogenic risk of betel nut has been recognized and issued warnings by more and more authoritative experts or institutions, but it has accelerated development in China. With the trend, more and more people become betel nut enthusiasts, but there is very little control over betel nut products in China. In this case, it is obviously not enough to rely on the reminders of some experts, scholars or organizations. It is urgent for relevant government agencies to intervene to formulate national mandatory standards and laws and regulations to regulate the development of this special industry of 100 billion yuan.

Some people eat two packs a day, and the betel nut business spreads across the country

“At first I ate betel nut for two days, and then one packet a day. Now I eat two or three bags a day. It is very refreshing and feels good. It didn’t take long for me to become addicted. I first ate betel nut for 1.5 yuan each. Later, when the fat brother counted a pack of betel nuts in the factory, he now eats betel nuts worth more than 300 yuan per catty from Zhang Xinfa. The more expensive he eats, the more he eats,” said a betel nut lover.

Originally, betel nut was only popular in my country’s Hunan, Hainan, Fujian, Taiwan and other regions. However, the Blue Whale financial reporter found that in northern regions such as Beijing, Hebei, and Henan, betel nut has become a standard for many retail stores.

In a small store in Chaoyang District, Beijing, there are a variety of mainstream betel nut brands, including Xiangtanpu wolfberry betel nut, Binzhilang probiotic betel nut, Weiwang and Chengtianxia products. The owner told the Blue Whale Financial reporter that there are many consumers who buy betel nuts, and they cannot tell whether they are southerners or northerners. “Many stores in Beijing are selling betel nuts, and they are selling well. It turns out that there are very few products at 5 yuan, 10 yuan and 15 yuan per pack, and they are not enough to eat. Customers all buy 20 yuan and 30 yuan per pack. Some consumers A person can eat two packs of 50 yuan a pack a day, one pack in the morning and one pack in the afternoon.”

In addition to individual shops selling betel nuts, large commercial enterprises are also selling betel nuts. According to many points of Wumart’s shopping platform, many convenience stores of Wumart also sell betel nuts of brands such as Zhang Xinfa.

Not only in Beijing, but also in Zhengzhou, Henan, almost every retail store sells betel nuts, and they are all prominently placed near the checkout counter. In Hebei, some consumers also told Blue Whale Finance reporters that many consumers in their twenties eat betel nuts. This consumer likes to chew on a betel nut with cracked beads after drinking. “It’s very exciting after eating.”

At present, the top companies in the betel nut field, Taste King, Huangye Food’s Zhang Xinfa, and Yellow Crane Tower have all set up distributors in Henan and Hebei, and have opened up investment invitations at some food exhibitions.

At the just-concluded Chengdu Sugar and Wine Fair, the booths of betel nut enterprises also attracted much attention, and there was an endless stream of people negotiating business. A reporter from Blue Whale Finance noticed that the ground of Zhangxin Development Station, a time-honored Hunan company, was covered by packaging of betel nuts. Most of the visitors who came to visit would grab a handful of samples and put them in their bags, and at the same time, open a package and put them in their mouths to try new Taste.

As dealers tried to eat and took samples away, a large blank area even appeared in part of the booth of another company’s Yellow Crane Tower.

Marketing expert Lu Shengzhen observed: “Most people who like to chew betel nuts are truck drivers. The main purpose is to refresh themselves and prevent sleepiness when driving. People who eat betel nuts are mostly overtime workers or groups who seek excitement. These people love betel nuts. The negative effects of stimulus are not well understood or valued. Most stimulus seekers are people in the reverse phase.”

The giant’s annual sales volume is 20 to 30 billion yuan, and the market scale exceeds 100 billion yuan

In fact, many leading companies have already deployed nationwide, and with the expansion of coverage, corporate income and industrial scale have also continued to expand.

Weihua Gong, Marketing Director of Taste King Group, once stated that in 2018, the Hecheng Tianxia betel nut under Taste King continued to sell well in Hunan, Guangdong, Hubei and other provinces, with cumulative sales exceeding 400 million packs. The products cover 415 cities in many provinces including Hunan, Hubei, and Guangdong, as well as Jiangxi, Hainan, Guizhou, etc. The coverage area has doubled from 2017. At the beginning of 2018, Zhang Xinfa also issued the “Zhang Xinfa National Brand Strategy”: Starting from 2018, it will fully enter the national market, and after three years, its stores and products will fully cover the country.

With the increase in the scope of sales, the scale of the betel nut industry is also expanding. Xiangtan City, Hunan Province once proposed to “build a famous cultural city of betel nut in China, expand and strengthen the betel nut industry, and ensure that the sales revenue of the betel nut industry will reach 30 billion yuan in three years and the goal of 50 billion yuan in five years.”

According to Zhu Danpeng, an analyst in the Chinese food industry, with the spread of betel nut sales from Hunan, Hainan, and Guangdong to Henan, Hebei, Shaanxi and other places in the north, the scale of the betel nut industry in China should have exceeded 1,000. 100 million yuan, and it is constantly expanding. The sales scale of the company has repeatedly set new highs, and the annual sales scale of Taste King has exceeded 20 billion yuan. A distributor of Zhang Xinfa also told Blue Whale Finance reporter that Zhang Xinfa’s annual sales volume exceeds 10 billion yuan.

The scale of enterprises tens of billions and the scale of markets of hundreds of billions are already extremely high goals for many food companies. The sales of the three squirrels, the snack food giant, only exceeded 10 billion yuan in 2019, and in 2020 it will fall back to below 10 billion yuan. The scale of China Resources C’estbon, which has a national layout and is supported by central enterprises, is only over 10 billion yuan. Dali Foods has dozens of factories throughout the country, and its annual revenue is only more than 20 billion yuan.

Companies such as Taste King and Zhang Xinfa rely on betel nuts to achieve a scale of more than 10 billion yuan, which is really surprising.

It is worth noting that the data shows that the sales volume of betel nut is still growing at an average annual rate of more than 20%, and the future scale will be very large.

People flow from north to south, product prices are high and profitable, and the industry develops too fast

The rapid development of the betel nut industry is mainly due to the flow of personnel, the high unit price of betel nut and the high profitability, the large investment of enterprises, and its addictive characteristics.

“The rapid development of the betel nut industry in recent years is mainly due to population migration. First, the population of Guangdong, Hunan and other provinces has flowed to the whole country. On the other hand, many people in the north are working in the south and they have accepted the eating habits of the south. Surrounding consumers. Henan people have many workers in many southern provinces, and for a long time, they also chewed betel nuts under the influence of locals. Therefore, Henan has become the first bridgehead for betel nuts to go north.” Zhu Danpeng told reporters.

Another reason is that the high unit price of betel nut products has a large profit margin, which attracts a large number of enterprises and distributors to enter, and promotes the continuous expansion of the market. A consumer in Hunan told a reporter from Blue Whale Finance that in the past few years, the price band of betel nut products was around 5 yuan, but now it has reached more than 20.

It is understood that betel nut has a variety of categories such as medium seeds, upper seeds, grain seeds, research brains, and supreme research brains. At present, the unit price of low-end products is about 15 yuan per package, and high-end products have reached 100 yuan. In October 2020, Taste King launched Hecheng Tianxia high-end betel nut with a single package price of 100 yuan. Prior to this, Taste King also released a single package of 30 yuan and 50 yuan products.

The high price also leaves plenty of room for dealers.

A price list of the Yellow Crane Tower investment policy obtained by a reporter from Blue Whale Finance shows that if a dealer makes a payment of 39,800 yuan, he can purchase a product with a retail price of 10 yuan at a price of 5.3 yuan, which means that the dealer 47% of the profit margin is operating; you can purchase it at a price of 4.3 yuan with a payment of 99,800 yuan, and the profit margin is greater. And the higher the price of a single package, the greater the profit margin. The official franchise information of another brand, Zhang Xinfa, shows that a total investment of about 220,000 yuan in an 80-square-meter specialty store in a fourth-tier city can make a profit of 261,600 yuan in one year.

Regarding this policy, a food distributor told a reporter from Blue Whale Finance: “As long as you dare to do it, the effort is strong enough and you will definitely make money.”

The confidence of the dealer’s words stems from the addictive nature of betel nuts. According to industry insiders, betel nut is a fast-moving product in the fast-moving field. The annual sales of dealers are generally between 50 million and 100 million yuan. The prospect is very broad, and it is developing rapidly, with high profits and large return on investment.

Because of this, the layout of betel nut is getting faster and faster. Some consumers on the Internet said that when they were going to school in Changsha in 2006, they could only buy one or two brands of betel nuts. In 2010, the surrounding betel nuts of the graduate school were already dazzling. When I went to Shanghai on business in 2013, I went to Nanjing on business in 2015, and when I went to Beijing on business in 2017, betel nuts can be bought in big cities.

Lu Shengzhen told the Blue Whale Financial reporter that the manufacturer only talks about the benefits of betel nut, and avoids the harm to it. It is difficult for consumers to know exactly how harmful are areca nuts.

National standards are missing, and industry development urgently needs to be regulated

What is not commensurate with the 100 billion betel nut market is the construction of product standards. At present, the enterprises of Taste King and Zhang Xinfa adopt the local standard of Hunan: DB43/132-2004. Although the standard clearly stipulates specific physical and chemical indicators and other items, it is difficult for local standards to be implemented nationwide.

Due to the lack of standards, there have been fights in various places, and enterprises have suffered. In 2018, in the field of spicy tiao food, there were situations in Henan and Hubei due to the inconsistent local standards for spicy tiao, and Weilong was the most affected.

A person in the food legal profession told the Blue Whale Financial reporter that betel nut is addictive. According to relevant documents, betel nut is also a first-class carcinogen. With the rapid development of betel nut throughout the country, relevant standards and even relevant standards need to be formulated. The laws governing its development.

Many friends around the reporter reported that some relatives and friends regretted the cancer caused by long-term consumption of betel nut.

Nutrition expert Lu Shaofeng believes that betel nut needs a comprehensive understanding. First of all, betel nut is a kind of medicinal material that can refresh the mind. At the same time, betel nut is also a kind of spice, but the usual amount is very small. However, if chewed as a snack for a long time, it is harmful to the body and can lead to addiction. Addiction is mainly due to the alkaloids contained in it, which causes people’s dependence. In addition, chewing betel nut for a long time will also lead to mental dependence. “It feels comfortable to chew in the mouth, and it becomes a habit.”

As far as carcinogenesis is concerned, as early as 2003, the International Center for Cancer Research (IARC), a subsidiary of the World Health Organization (WHO), recognized betel nut as a first-degree carcinogen, that is, a substance that is determined to be carcinogenic to the human body. In the list of carcinogens published by the State Food and Drug Administration in 2017, there are three carcinogens related to betel nut, namely betel nut, tobacco-containing betel nut chew and tobacco-free betel nut chew. Xiangya Hospital of Central South University also conducted a survey in Xiangtan, and found that 66% of betel nut chewers had oral mucosal lesions, while the figure for those who did not chew betel nut was only 1.5%.

In fact, some places have already issued relevant regulations to restrict the development of the betel nut industry. In 1996, Xiamen issued a ban: Those who produce and sell betel nuts in Xiamen shall be ordered by the municipal administrative departments for industry and commerce to stop illegal activities and be fined between 1,000 yuan and 10,000 yuan. Anyone who eats betel nut in violation of the regulations shall be fined from 100 yuan to 1,000 yuan by the municipal administrative departments of health at all levels.

At that time, Xiamen became the only city that banned the production, sale and consumption of betel nuts. However, currently on the Meituan APP, there will be a link to sell the flavor king betel nut in Xiamen.

In 2019, the Hunan Betel Nut Food Industry Association also stopped all betel nut production enterprises in Hunan from all domestic advertising. In 2021, the advertising placement of Xiangtan Shop still appeared in the “Tucao Conference” program.

Some people in the legal profession even believe that betel nut sales should be stopped directly due to the addictive and carcinogenic potential. Lu Shengzhen believes that there is a market for betel nut as long as it cannot be restrained or there are no obvious restrictions. It has a long history of eating, and it has become a folk custom in the South. However, if there are definite side effects, they should be restricted through food supervision as soon as possible to reduce their harmfulness.

Zhu Danpeng believes that from the current point of view, reducing the harmfulness of betel nuts may lead to a change in its taste and loss of the market. Businesses do not have much motivation to do this. However, consumers are still advised to try their best to buy large-brand, high-quality products, which are relatively less harmful.

She is still fine after the shock of losing billions Ngoc Trinh poses in Da Lat In “misty land”, she did not forget to record beautiful moments with neglected dresses, not too much open but still show off her irresistible charm. For a long time, Ngoc Trinh has not been afraid to spend a lot of money on branded clothes or set her own designers to really stand out when appearing in the middle of a forest of stars. The designs especially loved by Ngoc Trinh are often bold cuts or piercing to reveal porcelain white skin and three sexy rings that have become her trademark. So the netizens couldn’t help but be excited when they saw Ngoc Trinh suddenly become a gentle princess. Appeared in Da Lat, she wore a flower dress with elegant cuts, which proved that there was no need to be bold, Ngoc Trinh still scored absolute. Ngoc Trinh used to be a long-legged man with many titles Her new goal of striving is to buy a mansion in the “land of mist”. Before going to the cinema field, Ngoc Trinh used to be a long-legged man with many titles, she received prizes such as: Extra-prize in the contest “Miss Jewelry”; Award “Photographic Beauty” Vietnam Supermodel 2005; The Fashion Miss Award in the 2007 “Miss Jewelry” contest; Join “Miss Vietnam International” in Long Beach, California, USA in 2011.

Although 2 farms have just been established for the past 10 years, there have been thousands of ornamental plants of all kinds with the age of each tree from a few decades to more than 100 years. In which, there are about 3,000 Tung trees including: Van Nien Tung, Tung Kim Cuong, Tung Taiwan… are very valuable. Particularly, at the ornamental farm in Long Trung commune, Cai Lay district, there is Van Nien Tung “old” with over 100 years old, worth about 5 billion. Due to the attractiveness of the “huge” ornamental farm, there are often many artisans and people coming to admire and shop. Old ornamental farm of Mr. Nguyen Dang Khoa in Tan Phuoc district, Tien Giang Ms. Nguyen Thi Bay, from Ho Chi Minh City, after visiting Mr. Nguyen Dang Khoa’s ornamental farm in Long Trung commune, Cai Lay district, was surprised by the attraction of this ornamental garden: “I The ornamental garden is too large, the ornamental trees are very big and lush. To have this garden, I think the owner has invested a great amount of money and effort. In general, I have not seen any unique ornamental garden like here “. Unique artifacts are collected by the owner to serve visitors Particularly, the ornamental tree farm in Tan Phuoc district, in addition to 1,000 Tung trees of all kinds, Mr. Nguyen Dang Khoa also collected and planted dozens of rare ancient ornamental trees up to hundreds of years old such as: Thi tree, Quao tree, Go Do tree, Loc Vung, Tram … At this farm, he also designed miniatures, exhibiting artifacts, invested in building many ancient and luxurious wooden stilt houses to serve visitors … Van Nien Tung has a lifespan of dozens of years Mr. Huynh Thanh Tuan, one of 30 skilled workers growing and caring for ornamental flowers here confided: “Tan Phuoc district has this ornamental garden which is a valuable perennial tree. Trees about a few hundred million; some beautiful larch trees cost a few billions. People from outside Dak Lak came to visit and buy ”. According to the fashion connoisseur, the two ornamental plant farms of Mr. Nguyen Dang Khoa are one of the largest and most valuable Tung ornamental gardens in the West. Mr. Khoa said that in order to have ornamental farms like today, nearly 10 years ago, he spent a lot of effort and money to collect, choose to buy from everywhere. Van Nien Tung tree with a circumference of more than 1 meter, worth 5 billion VND The profession is also very meticulous, according to Mr. Khoa, growing ornamental flowers requires beyond passion to have professional knowledge, especially mastering techniques of caring, pruning, relocating and “healing” for plants. … Although busy with his business, he always spends time on the ornamental farms and orientates the workers to take care of the garden. Ornamental plants “raw” when entering the garden are cared for, shaped, and shaped by him and his colleagues at will. In particular, he is very fond of planting Tung trees because of many advantages, especially easy to grow, less pests, adapt to salt drought and favored by domestic and foreign markets. A unique landscape mixed with ornamental plants “The Tung tree is a very powerful tree of vitality. Almost any climate can be lived. The second is about the water room. Since ancient times, when playing feng shui, there is Tung tree. This tree creates a very beautiful aesthetic from beautiful skin color, tree shape, leaf color. In general, thanks to the intense vitality of Tung tree, recently, I discovered that all ornamental trees and fruit trees in Cai Lay have been damaged by drought, but Tung is the least affected. I think the Tung tree is an economic tree ”, shared Mr. Nguyen Dang Khoa. Many chalets were built in the ornamental tree camps to form a unique complex Spring comes, Tet comes, the two old ornamental farms of Mr. Nguyen Dang Khoa are very lush, attracting visitors and enjoying them. Everyone who comes here will admire the garden with immense ornamental plants invested, carefully cared for, as well as the talents of the artisans, the owners who “blew the soul” into the trees, bringing joy and enjoyment. entertainment for life. Mr. Nguyen Dang Khoa said that these ornamental plant farms are continuing to invest, aiming to bring products to export and serve visitors./.

Faruk Fatih Ozer, founder of cryptocurrency exchange Thodex. One of the largest cryptocurrency exchanges in Turkey declared that they no longer had enough financial capacity to continue operating, causing hundreds of thousands of investors to fear that they would have lost all their money poured into this exchange. Meanwhile, Turkish authorities are trying to locate the 27-year-old founder of the cryptocurrency exchange, who has fled overseas, Bloomberg reported. It is not clear how many customers of the cryptocurrency exchange called Thodex lost money in this case, and how much the total damage. In a statement sent from a secret location, Thodex founder and CEO, Faruk Fatih Ozer, promised to return the money to the investor and return to Turkey to face the public. refund after refund. However, the Turkish government has launched a blockade on Thodex’s accounts, and its headquarters in Istabul has been ransacked by police. According to Turkish media, the damage in this virtual currency exchange crash could reach $ 2 billion. A lawyer representing the victims said that the investment capital of about 390,000 investors had fallen into a “irreversible” state. However, through a statement posted on the company’s website, Ozer denied both numbers, saying that only about 30,000 investors were affected. Some Turkish officials see the incident as another reason to increase control of the cryptocurrency market. Over the past years, the rapid rise of virtual currency prices globally has been paralleled with many frauds and frauds related to exchanges. Mr. Cemil Ertem, a senior economic adviser to President Tayyip Erdogan, said that the Turkish government needs to act as soon as possible. “Patterns of pyramid fraud are emerging. Turkey needs to implement surveillance regulations that are both suitable to the domestic economic situation and in accordance with global developments”. Thodex is part of the virtual currency fever that attracts a large number of Turkish investors who want to find a “shelter” for their savings in the context of dizzying inflation and a lack of local currency rates. stability. In March, inflation in Turkey was 16.2%, 3 times higher than the 5% inflation target set by the Central Bank of this country. This year, the Lira rate has dropped 10% against the dollar, marking the 9th consecutive year of decline. On Wednesday, Mr. Erdogan revealed that the Turkish government has “burned” $ 165 billion of foreign exchange reserves in the past two years to protect the local currency rate, but has not brought the desired results. Concerns about inflation and exchange rate motivate the Turkish people to look for alternative investment channels, including virtual currency. On Friday last week, the value of virtual currency transactions in Turkey reached more than 1.2 billion USD, up 3 times compared to a week earlier, according to data from coingecko.com. Meanwhile, the average daily trading value of the Turkish stock market is only about $ 3.1 billion.

Koi fish is known as the “national fisherman” of Japan because of its unique beauty, expensive price and very high life expectancy. In Vietnam in general and Da Nang in particular, playing Koi fish also started to appear and many people interested in buying and selling to satisfy their passion. Just taking a walk in the cafes, private aquariums, it is easy to see the images of Koi fish swimming in water. For many people, owning Koi fish not only beautifies the house space but also means feng-shui, bringing luck to the homeowner. According to the opinion of many people, any house that can raise healthy, big, beautiful and long-lived Koi fish is considered a house with good feng shui, promising business meets many advantages. Because of its unique beauty, pure Japanese Koi fish are often bought by people and collectors with great value. Mr. Tran Thot Vy – a longtime Koi fish farmer in Da Nang – shares, currently on the market there are more than 200 different species of Koi fish. However, the pure Japanese Koi fish line is always hunted by collectors for hundreds of millions of VND, even billion VND for a rare Koi fish. “The highest in the pure Japanese Koi fish segment, including 3 species of Tetagoi, Tetashita and Jumbo. As long as the collector can own a Koi in these 3 species, it will automatically receive a highly appreciated history from everyone “- Mr. Vy said. And Mr. Vy added that the value of Koi depends on beauty, genetic resources, beautiful shape, and color. Besides, the pattern on the fish’s body is a different thing, because no fish has the same pattern. Many people are willing to spend hundreds of millions of dong to raise purebred, eye-catching, “unique and exotic” koi fish, many worth several hundred million dong. For a long time, many websites shared pictures of Koi fish buying and selling hundreds of millions and thousands of USD. Despite the large amount of transactions, consumers still buy and sell Koi fish based on the reputation of the store and the individual seller. According to Mr. Vy, this fact forces the Koi fish player to be “wise”, not chasing the masses, having a virtual fever and choosing reputable and reputable shopping places. The price of Japanese Koi fish is calculated based on the size and color, age and genus of each type. Not only rich families or upper-class families, but large companies and businesses still buy and raise these lovely Koi fish … Besides playing Koi fish, the care and treatment of Koi when having health problems is something many people are concerned about. Koi players in Da Nang said that, usually newcomers often fall into confusion and worry when a flock of billion-dollar koi gets sick … This time, instead of listening to sharing on the internet or by word of mouth, the owner needs to trace the source of the disease to the fish. Specifically, Koi fish often get sick fish such as infections caused by water environment, stress … For polluted environment, we need to check the water source. When the Koi are stressed, players can supplement vitamin C or minerals. (According to Labor)

The graves story has long been highly valued by Vietnamese people, especially when the society is growing, the spiritual needs, towards the roots, have become more and more practical in everyday life.

Therefore, the graves have the shape of the family garden house, the lineage has appeared, they are decorated quite wonders. Recognized in Lac Hong Vien cemetery park (Hoa Binh), dozens of billion-dollar tombs are lying close together on the spacious and airy hills.

From the end of the second month of the lunar calendar to the beginning of the third lunar month, especially on March 3, people come to the cemetery to celebrate the ceremony to pay homage to their ancestors.

According to Mr. Su Truong Son (65 years old, in Tay Ho – Hanoi), his family decided to buy a billion-dollar land in the cemetery for the deceased later to have a beautiful resting place. The third lunar month is Thanh Minh Tet, so he and his family come to burn incense and celebrate ceremonies.

The graves in this cemetery are likened to villas for the dead. Because the money to buy land is also billions of dollars, plus the money to build the campus, the church is worth up to tens of billion / grave.

According to a person who takes care of the graves here, the average price for each square meter of land here is about VND 15 million, with a family buying a hundred square meter of land.

Representatives of the management board here said that most of the prime locations with prices of many billion VND have been booked in advance to prevent the “fever” of the burial place later.

He also added: “Usually the graves of the family are about 100 – 1,000 square meters, the price of each tomb ranges from over 1 billion to tens of billion VND, depending on the area and design requirements. , construction of the people. The construction of the tomb must also comply with the regulations on height, environmental factors … for harmony ”.

Watch more video: Ancient tomb discovery more than 1,400 years old. Source: Ha Tinh Television.

Thanh Tri District People’s Committee has just issued 8 enforcement decisions forcing the implementation of remedial measures at the Dai Thanh mixed-function project (Dai Thanh project).

Coercive decisions of Thanh Tri District People’s Committee clearly state the reason that there have been administrative violations in the field of land; Voluntary conversion of non-agricultural land other than residential land to residential land without permission of a competent state authority.

Mr. Pham Van Trung – a case with a enforcement decision, said that this is a temporary work his family built on the land that the Dai Thanh project bought in 2014 but has not been granted a land use right certificate. (red book), not built, not imported, not recorded as “resident” …

Temporary houses built at Dai Thanh project were forced to demolish

“The project has been publicly sold on the exchange since 2012. The adjacent umbrella I bought has a contract, full invoices from 2014 for more than 2 billion VND. After that, the new client fell back to the project with incomplete legal procedures. Up to now, it has been nearly 10 years that customers have not been able to be “owners” on purchased land. I made a temporary house for living because waiting for construction for too long, so far the government has made a decision to restrict demolition while the investor of the project has not been seen, ”Mr. Trung said urgently.

“To be able to buy land here, the maternal family, the paternal side had to accumulate money to borrow money, for the end of 2019, some of our families were forced to build temporary corrugated iron houses for residence. Then Thanh Tri district made a decision to enforce 8 houses and others in the next time while the investor did not make any move ”, a customer shared.

Recognized at Dai Thanh project in the adjoining house, many plots were solidly built and inhabited, but all were in a state of no red numbers. Customers said there were about 250 adjacent houses, 30 temporary houses built on a total of 500 lots. Last time, the People’s Committee of Thanh Tri district forced eight cases of building temporary houses here.

As per your investigation PV VietNamNet, in the Profile of the sale and purchase contract of adjacent houses in Dai Thanh project, the seller is the No.1 private construction enterprise in Dien Bien province, signed by Mr. Le Thanh Than as the Representative Director.

In the terms of house delivery, the contract also states: Except for cases where the customer builds crude, the enterprise will hand over the crude house to the customer after 18 months from the date of signing the contract.

By 2016, the Government Inspector concluded No. 2386 / KL-TTCP clearly stated: “According to the law, the Dai Thanh project continues to carry out the following procedures: approving housing projects, moving land use purposes, land allocation decisions, on-site land hand-over and ground clearance, especially the fulfillment of financial obligations to the State. The above conditions, by the time of the investor inspection, have not been completed. Although the procedures have not been completed as prescribed, the enterprise is still implementing the project. At the time of inspection, the project has completed 6 apartment blocks, adjacent apartments, villas and have been sold out to buyers. Thus, the parties involved in the project (Dai Thanh Joint Stock Company, Hai Phat Joint Stock Company and No. 1 Private Construction Enterprise of Dien Bien Province) violated the provisions of the Investment Law, Construction Law, Land Law. band…

After many years, through 9 dialogues, but petitions about shortcomings and recommendations of customers related to a series of mistakes at Dai Thanh project are still deadlocked.

In May 2019, the People’s Committee of Thanh Tri district issued a document 1030 / UBND-QLĐT, saying: “Due to the inadequate legal basis of the project’s procedures as prescribed by law, the households are not eligible to issue red books. This leads to inadequate construction conditions according to the approved planning ”.

“From the investor’s mistakes, the government’s lax of management, now land buyers like us are” crying halfway “. Having spent billions to buy land without a place to live, we have to rent a house, have to pay debts, rent, and our children cannot study at the right level … ”- said the customer.

The investor said he could not promise

On April 5, the representative of the No.1 private construction enterprise in Dien Bien province and the representative of the people who bought the land of Dai Thanh project had a meeting related to many issues at the project.

Speaking at the meeting, Mr. Do Trung Kien, Deputy Director of Construction Private Enterprise No. 1 in Dien Bien Province, said that the information that the project ghost and voluntarily convert to non-agricultural land is not correct, no. are grounded.

During the meeting, residents asked businesses to answer all questions about when to build a permanent house under a contract to live ?; Time of the right to be granted a land use right certificate ?; Synchronous infrastructure completion time ?; Ask the investor to compensate the buyer for the temporary house demolition ?.

Some people who were coerced were very frustrated and asked businesses to compensate for their demolition and provide clarity on when to build a house, when to have a red book and when to build infrastructure.

“Enterprises must have a clear time when they can build a house, when will they have a red cover, when will their infrastructure be finished? Request that business come to meet each destroyed household to compensate,” said a customer.

The resident representative also requested to compensate for the house rent of 5 million VND / month for the households who have not yet built a house until the legal issue is resolved. Request the investor to provide documents proving that the residential land purchased is urban residential land, not non-agricultural land as decided by the District People’s Committee.

Meanwhile, business representatives answered, not promising to build, time to make red books.

Dai Thanh project (Ta Thanh Oai commune, Thanh Tri district, Hanoi) is invested by Private Construction Enterprise No. 1 in Dien Bien province as an investor.

The project has a scale of 17ha, including adjacent houses, villas and 6 high-rise buildings, the rest are gardens, trees, kindergartens and other public areas. Currently, the high-rise buildings at the project have been completed and put into operation.

Recently, CQĐT, Hanoi Police has proposed to prosecute Mr. Le Thanh Than (Chairman and CEO of Bemes Company, Chairman of Muong Thanh Group) for deceiving customers.

At CQĐT, 488 customers who bought 488 apartments were not issued with information red books, when they signed the apartment sale and purchase contracts, they did not know that the apartments at CT6 Kien Hung project built wrongly planned, because they trusted Mr. Than. built according to the approved design.

Customers request the competent authority to issue the red book and handle the investor. If they cannot issue the red book, they request the investor (Bemes Company) to pay back the house purchase.

Conclusion of the investigation stated, Mr. Le Thanh Than admitted the violation. Mr. Than Khai, due to his haste in grasping business opportunities, has not yet completed the administrative procedures to submit to competent authorities to adjust the 1/500 detailed construction planning of the project.

On July 31, 2019, Mr. Le Thanh Than made a request to overcome the consequences of the case according to 3 options.

During the investigation, Mr. Than chooses the remedial plan to negotiate with home buyers at CT6 Kien Hung to buy the house or pay back the house, then demolish CT6 Kien Hung house, but until the time comes In July 2020, Bemes Company recently negotiated with more than a dozen households agreeing to return their homes.

Koi fish is known as the “national fisherman” of Japan because of its unique beauty, expensive price and very high life expectancy. In Vietnam in general and Da Nang in particular, playing Koi fish also started to appear and many people interested in buying and selling to satisfy their passion.

Just taking a walk in the cafes, private aquariums, it is easy to see the images of Koi fish swimming in water. For many people, owning Koi fish not only beautifies the house space but also means feng-shui, bringing luck to the homeowner.

According to the opinion of many people, any house that can raise healthy, big, beautiful and long-lived Koi fish is considered a house with good feng shui, promising business meets many advantages.

Because of its unique beauty, pure Japanese Koi fish are often bought by people and collectors with great value. Mr. Tran Thot Vy – a longtime Koi fish farmer in Da Nang – shares, currently on the market there are more than 200 different species of Koi fish. However, the pure Japanese Koi fish line is always hunted by collectors for hundreds of millions of VND, even billion VND for a rare Koi fish.

“The highest in the pure Japanese Koi fish segment including 3 species of Tetagoi, Tetashita and Jumbo. As long as the collector can own a Koi in these 3 species, it will automatically receive a highly appreciated history from everyone “- Mr. Vy said. And Mr. Vy added that the value of Koi depends on beauty, genetic resources, beautiful shape, and color. Besides, the pattern on the fish’s body is a different thing, because no fish has the same pattern.

Many people are willing to spend hundreds of millions of dong to raise purebred, eye-catching, “unique and exotic” koi fish, many worth several hundred million dong.

For a long time, many websites shared pictures of Koi fish buying and selling hundreds of millions and thousands of USD. Despite the large amount of transactions, consumers still buy and sell Koi fish based on the reputation of the store and the individual seller.

According to Mr. Vy, this fact forces the Koi fish player to be “wise”, not chasing the masses, fever virtual prices and choosing reputable and reputable places to buy and sell.

The price of Japanese Koi fish is calculated based on the size and color, age and genus of each type. Not only rich families or upper-class families, but large companies and businesses still buy and raise these lovely Koi fish …

Besides playing Koi fish, the care and treatment of Koi when having health problems is something many people are concerned about. Koi players in Da Nang said that, usually newcomers often fall into confusion and worry when a flock of billion-dollar koi gets sick …

This time, instead of listening to sharing on the internet or by word of mouth, the owner needs to trace the source of the disease to the fish. Specifically, Koi fish often get sick fish such as infections caused by water environment, stress …

For polluted environment, we need to check the water source. When the Koi are stressed, players can supplement vitamin C or minerals.

Phu Tho 5-petal white orchid: is a very beautiful white-nose fake crane flower, a light brown-eyed clean throat and is famous in the world of mutant orchids. The special thing is that 5 Phu Tho white petals have a flower face that varies with different climates. Plants grown in cold northern climates have paler eyes than when grown in hot climates.

Lan 5 white petals HO (Hien Oanh): is a flower face with 5 beautiful white petals, clean nose, white nose, 5 flying white petals, two eyes darker than 5 white wings, a little bit of tongue, creating an overall very beautiful flower face. .

Lan 5 white wings Cu Chi: The color of the tree is purple white, the tree has 5 white wings, the main white tongue and very neatly scratched eyes.

Tien Sa 5 white wings: is five pure white wings (5ct) without any hint of violet, five equally spaced and evenly spaced between the wings. Flower eyes: neatly proportioned stripes on both sides, faint pink is quite rare.

5 white wings Bao Duy: The flowers are pure white, the wings stretch and fly, are evenly tapered and rounded, extremely balanced. In particular, the flower eyes are clearly scratched and bold.

5 white petals Snow White: 5 petals pure white, neat eyes, clean throat and no smudged color. When looking at the petals, the blade of the flower is relatively evenly rounded, the blade has a layer of velvet covered with white snow is quite beautiful.

5 petals of Truong Sa: considered as a high-class flower face, with incredible beauty. Although it is a colored nose, it has blurred eyes and beautiful cotton mold, so the value is always stable and high.

5 Wings Infinite: This tree is rarely mentioned and extremely rare because there is only one tree on the market and very high price.

Lam Xung 5 white wings: is a white 5-petaled tree that is quite different from the rest of it with purple flat tongue.

Lan Hong My Nhan: The only cotton face has reached the perfect cotton mold up to the moment, in terms of the cotton peaks, the two triangles are interlocked.

5 white wings Unnamed Beauty: beautiful cotton mold, neat eyes, five pure white wings, white nose, neat and beautiful lips.

Pink: costs up to billions of dong thanks to the rounded tongue, neat flower eyes, mixed with very gentle pink light, looks like a “teenage girl of twenties”.

Please watch the video: Plants with strange shapes. Source: Happy healthy every day.

Recently, patient Phan Huu Nghiem (36 years old, living in Vung Liem district, Vinh Long) was discharged from the hospital after 11 years of treatment at Cho Ray Hospital (Ho Chi Minh City) and was covered by the health insurance fund (HI). up to 38.3 billion.

Vietnam Social Insurance Agency (Social Insurance) believes that this is not an uncommon case, because many patients have been covered by the health insurance fund with such a “huge” amount over the past time.

Mr. Phan Huu Nghiem, who had hemophilia, was paid more than 38 billion VND by health insurance for 11 years of treatment, he said goodbye to the doctor to leave the hospital to go home. Photo: HOANG LAN

Tight escape thanks to health insurance

According to the results recorded from the health insurance assessment information system (Vietnam Social Insurance Agency), recently many cases of unfortunate accidents and illness have overcome a difficult period thanks to the health insurance fund to pay for the medical examination and cure.

For example, the patient has the HC49191120XXXXX card code (address at Hon Tre hamlet, Tien Hai commune, Ha Tien city, Kien Giang), who is paid by the employee and the employer.

This patient was treated twice at Cho Ray Hospital (HCMC). Phase 1, 3-month treatment with a total cost of 7.95 billion VND. In which, the biggest expense is the drug expense of 7.80 billion dong, the test fee is 22.91 million dong … The amount proposed to the health insurance fund to pay is 6.36 billion dong.

Phase 2, this patient treated for 10 days, the total cost of treatment is 3.07 billion. In particular, drug costs are up to 3.06 billion … The amount proposed to the health insurance fund to pay is 3.07 billion.

Another case is a patient with card number BT28383222XXXXX (living in An Binh Tay commune, Ba Tri district, Ben Tre), who is paid by the state budget.

This patient also treated two times at Cho Ray Hospital, total treatment cost and proposed payment fund is 5.68 billion. In particular, drug costs were 5.63 billion VND, blood money was 13.4 million VND …

And patients with card number BT28686216XXXXX (living in Trung Trach hamlet, Trung Thanh commune, Vung Liem district, Vinh Long), are subject to the state budget.

This patient has four rounds of treatment at Cho Ray Hospital, the total amount that the health insurance has to pay is more than 8 billion.

88

million people are participating in health insurance nationwide, accounting for 90.85% of the population. In 2020, social insurance has paid health insurance costs for over 167.2 million inpatients and outpatients, an increase of 28.4% compared to 2015.

Do not worry about breaking the fund in the near future

Talking to the reporter, Mr. Pham Luong Son, Deputy General Director of Vietnam Social Insurance, said that the patient’s medical expenses are covered by the health insurance fund up to hundreds of millions of VND, even billions of VND / batch. Value shows that social health insurance is a humane policy, far different from commercial health insurance. This means that employees only pay the percentage of salary (4.5%), but the benefit rate is not limited.

Of course, the patient’s benefit rate also depends on each group of subjects recorded on the health insurance card (with the rate of 80% -100%) and according to the list of drugs, medical supplies … paid by the fund.

Patients with high treatment costs often suffer from blood diseases, cancer … with long treatment periods and have to use expensive drugs.

“This is the interests of the participant and the insurance industry must ensure that right for them …” – Mr. Son affirmed.

Some readers are concerned that in 2019, the price of medical services will increase by 2% -10%, the awareness of health care of the people will be improved, so they go to more medical examination, whether the health insurance fund will be balanced. annual spending?

There is no limit to the insured’s right to search

Mr. Nguyen Trung Quy, Deputy Head of Health Insurance Policy Implementation Department, said that when people come to the medical facility to present all the procedures, the medical facility is responsible for receiving and doing the initial procedures. and organize examination for patients.

On the basis of documents established by the medical examination and treatment facility, the insurance industry will make full payment for the patient. “There are no regulations that limit the people’s right to medical examination and treatment with health insurance. And the responsibility of the insurance industry will determine which case is profitable, which case is not … “- Mr. Quy said.

Answering this question, Mr. Pham Luong Son said that the fund balance problem is always very difficult, painful and challenging not only for Vietnam but also in many countries around the world.

However, Vietnam is somewhat fortunate when the revised Law on Health Insurance 2014 adjusted target groups and introduced incentives to increase the number of people participating. Therefore, up to now, over 90% of the Vietnamese population participate in health insurance.

Besides, in the past, the health insurance fund also had a balance, so in the medium term, the balance fund could be collected and spent.

“However, the annual revenues and expenditures are imbalanced, spending more than revenues. So each year we have to build an estimate, thereby compensating a very large part of the cost, about 10,000-20,000 billion from the residual reserve of the fund to be able to spend … ”- Mr. Son said.

To solve the above problem in the long term, the deputy general director of Vietnam Social Insurance thinks that it is necessary to adjust the health insurance premium. Because at present, people contribute to the fund an average of 30-50 USD / person, while the benefit rate is up to 100-200 USD / person.

“So the proposal to increase the contribution to the health insurance fund has recently received a high consensus from the National Assembly, the Government, and ministries. However, the time, object, how we will calculate accordingly. For example, we increase only for the object that is closing low; for near-poor households, voluntary insurance participants increase moderately to maintain the sustainability of the participants ”- Mr. Pham Luong Son said.

Today (April 15), the People’s Court of Ba Ria – Vung Tau province brought the case of “fraudulent appropriation of property” occurred at Sao Vang Investment Joint Stock Company (referred to as Sao Vang company for short, address number 257). Ba Cu, Ward 4, Vung Tau City) to trial. This is a fraud case with the amount of hundreds of billion dong.

In court, the defendant Pham Thi Thu Ha (SN 1983, hometown of Ha Tinh, residing in Vung Tau City) was prosecuted by VKSND of the same level for fraudulent appropriation of property.

Concerning this case, the mastermind – defendant Huynh Thi Ngan Trang (SN 1983, resident of Xuan Loc district, Dong Nai province) has fled and is being wanted.

Defendant Pham Thi Thu Ha at the trial this morning (April 15). Photo: Quang Hung

From the early morning, hundreds of people who were the victims, who were involved in the case have been in court, crowded in the hall and the railing outside the courtroom.

Some victims also brought law books to prepare for the argument in court.

However, after the examination of the composition of the court, the Panel decided to postpone the trial for the reasons: many victims are absent, the person with related obligations and the victim requested the postponement … , delay after more than 1 month, will be reopened.

According to the list announced by the secretary, this trial the court summoned more than 144 victims and more than 400 people with related obligations. However, only more than 100 victims were present and more than 134 persons with related rights and obligations participated.

After the decision to postpone the trial, many defendants petitioned to send the People’s Court to return the files to further investigate the case, they said that the procedural agency had “overlooked” the crime, many related issues in the case. the judgment has not been satisfactorily resolved …

Appropriated nearly 224 billion dong of 433 customers

According to the case file, from 2012 to June 2017, Huynh Thi Ngan Trang – Chairman of Sao Vang and Pham Thi Thu Ha – held the positions: Director, Deputy General Director, The treasurer of Sao Vang Company deceived 433 customers to steal nearly 224 billion dong.

Trang and Ha confessed that during the above period, Sao Vang company invested in projects, bought shares at a loss, had no revenue, but both still maintained to pay profits to customers, taking money from the customer pays the customer, the latter pays the first.

Hundreds of people were harmed, who were on duty involved in court early in the morning. Photo: Quang Hung

Many participants in court leave the courtroom after the decision to postpone. Photo: Quang Hung

In December 2016, Sao Vang Company terminated the investment activities of projects, but continued to mobilize capital from customers for investment cooperation. By June 2017, although Sao Vang Company could not afford to pay, Trang continued to deceive customers through the service staff, customer department to appeal and entice customers by offer a profit rate of 22-30% for them to deposit money into the company and then appropriate a portion of paying for previous customers.

In order to carry out the above behavior, Trang and Ha have made false documents on the charter capital contribution of member companies in cash; taking advantage of the position of General Director, concurrently Chairman of the Board of Directors, Trang instructs employees to spend money for the “virtual” project investment page, no revenue.

After that, Trang pays a certain amount of money to maintain the cash fund of Sao Vang, to ensure the payment of principal and profit for customers, pay commissions for employees and operating expenses. …

With the above deceitful tricks, Trang fraudulently appropriated the money of 433 customers with the amount of more than VND 223 billion. Specifically, Sao Vang original amount has not yet paid to these customers is more than 407 billion VND; the amount of profit paid is more than 174 billion dong; the amount of commissions for employees is over 9 billion.

For Pham Thi Thu Ha’s behavior, the investigation and police determined that between 2010 and 2016, Ha was a shareholder, holding important positions in the company, playing a role in helping for phishing page with the above tricks.

From 2015 to 2016, Ha helped Trang directly sign 70 investment cooperation contracts and 7 maturity contracts with 67 customers, and signed annexes of investment cooperation contracts with fixed profit agreements. Payable to customers 27.6% / year, expected profit from 15-36% / year, with commitment to pay profit in advance to customers, regardless of business results.

Consequently, 67 customers trusted and were “trapped” to pay Sao Vang, with the appropriated amount of nearly 24 billion VND.

The defendants petitioned for the return of additional investigation files because they believed that the case “omitted the crime”. Someone brought law books to court to prepare for the argument. Photo: Quang Hung

At the investigation agency, Trang confessed all the criminal acts committed by Trang. Ba Ria – Vung Tau Provincial Police CSDT has prosecuted the defendant, applied measures to prevent leaving the residence, delayed exit for Trang due to her pregnancy, child nursing under 36 months old.

However, on March 26, 2020, Trang fled the locality, so the investigating agency issued a pursuit decision, suspended the investigation for the accused and decided to separate the criminal case for criminal acts. Trang’s defendant, after being caught, will be handled later.

At the same time, the police agency ordered distraint, suspend transactions for assets such as land use rights, shares related to Trang and Sao Vang company.

Defendant Ha confessed his crime, but said that everything was directed by Trang, did not intentionally commit fraud to appropriate property with Trang.

However, with documents and evidence gathered together with testimony during the settlement of the case, the police agency determined that Ha was an accomplice with Trang on the crime of appropriating property.

In this case, the investigation agency also worked with 13 shareholders of Sao Vang company and identified some shareholders who did not participate in the company’s operations, did not know Trang and Ha committed criminal acts. insufficient grounds to consider criminal liability.
Meanwhile, some other shareholders denied the responsibility and role related to the defendant’s criminal acts, so when the Trang is arrested, the investigation agency will continue to consider and handle.