Ho Van Cuong’s sand level makes many people curious How much can Ho Van Cuong earn? The story of singer Phi Nhung with adopted son Ho Van Cuong has attracted attention in the past few days, of which it is interesting that Phi Nhung admits that in the past 5 years, all the money for her adopted children to sing has been kept by her manager. She herself does not know how much money Ho Van Cuong has, but it is estimated that it may be about 1 billion VND or more than 1 billion. That is the total amount of money for singing in the country and going on shows abroad, excluding airfare, investment… Phi Nhung will give back to Ho Van Cuong that total amount after the adopted child turns 18 years old. This information is controversial. Many figures about Ho Van Cuong’s salary are given to show that the figure of 1 billion dong is less than his 5 years of singing. It is estimated that his salary level may be 50-70 million/show after being crowned Vietnam Idol Kids 2016 Champion, but many people think that this is just an exaggerated number. The young vocalist’s show at the time of the coronation only fell at 30-35 million VND/show. At the moment, it is only about 15-20 million VND/show (or even lower) because in recent years, Ho Van Cuong has not been so prominent. In fact, up to now, there is still no authentic information about Ho Van Cuong’s sands. According to an anonymous vote, few people book Ho Van Cuong privately, but mainly he sings with his adoptive mother Phi Nhung. The salary level of singer Phi Nhung was also revealed. Specifically, Phi Nhung’s salary is not fixed, sometimes 60 million, sometimes 90 million/show. The total amount of Ho Van Cuong’s 5 years of singing is not officially public This price does not include adoption, but sometimes Phi Nhung still takes her adopted children to sing along, including Ho Van Cuong. Therefore, how to calculate the salary for young vocalists, how to eat and what percentage, only Phi Nhung’s company knows. Phi Nhung once said that she paid more attention to Ho Van Cuong’s studies than singing. Therefore, if you think that the young vocalist who sings at the weekend with the sands is about 10-15 million/show, he will have more than 500 million/year (if he receives 1 show every weekend). 3 years of singing (according to the manager, the last 2 years Ho Van Cuong did not sing), the amount of money the male singer can have is about 1.5 billion dong. This number does not include Ho Van Cuong’s fair singing show, participation in game shows, advertising … and does not include % with management. Ho Van Cuong himself also appeared in many gameshows such as “Talented Talent”, “Super Surprise”… Cassia depends on many factors However, that is only an estimate. In fact, according to industry insiders, it is difficult to estimate how much money Ho Van Cuong has earned in the past 5 years. The salary levels given are for reference only, not the exact salary. Because, the performance of the Child Champion depends on the program that the singer is crowned with and the name of the child voice. Phuong My Chi’s catse was once publicly known by Quang Le as $6,000/show in the US, but whether this price is accurate or not, not everyone knows. This is easy to see when Quang Le once revealed that Phuong My Chi’s salary when performing in the US was 6000 USD (about 140 million VND)/show. Meanwhile, also the winner of the music contest, Quang Anh fluctuates around 10 million/show, higher can be up to 30 million/show. Or Thien Nhan did not disclose the salary, but said that it was only enough to cover tuition fees, living expenses and send some to his parents. According to Mr. Nam Cuong, biological father and manager of The Voice Kid 2016 Champion Trinh Nhat Minh, in fact, many singers have crews that inflate the price of sand when they are announced, while the number is How they actually get is only known. “I don’t book shows with singers, so I don’t know the price, but I think with a salary of about 70 million for Ho Van Cuong, it is not possible. For example, Nhat Minh, since the coronation of The Voice Kid 2016 has been singing regularly for several years and his name still retains a certain heat, but the sand is not that good. When he just came out of the competition a few years ago, Minh’s event in Hanoi was only about 25 million / show, outside the province will charge a different price. The show event will have a different price. If there is no epidemic and plays all year round, in a few years, it is normal for children to earn 1 billion or several billion, “said Mr. Cuong. However, he said that this amount also depends on how the singer chooses the show. If you accept to sing at the fair, the singer’s schedule may be thicker. The level of pay will depend on the name and ability of each singer, not to mention each boss will book singers in different styles with different prices. As the Champion of The Voice Kid 2016, stepping out of the contest, Trinh Nhat Minh has a salary range of only about 25 million VND/show. Commenting on Ho Van Cuong’s total ability after 5 years of singing, Mr. Cuong said that it is difficult to determine. “It is impossible to know how much money the singer earns. Phi Nhung can be selected as the main book and Phi Nhung installs Ho Van Cuong to let Cuong collide and get used to the stage. When going to “eat ke” like that, the price will be different from the price of a separate book. Or vote for the book by “cluster” is both, the price is different. Therefore, it is difficult to assess how much money Ho Van Cuong earns in a few years or say about 1 billion is more or less”, the manager of The Voice Kid 2016 said.

Portugal and Ronaldo are ready to conquer EURO 2020. Photo: Eurosports. In the same group with two other big players, Germany and France, Portugal will have to make real efforts right from the opening match if they want to get tickets to the knockout round. The opponent of the defending champions in the opening match will be Hungary, who in 2016 only participated in the EURO for the first time since 1972. Of course, Hungary is the most underrated team in Group F. Compared to the EURO 5 years ago, the current squad of the Portuguese team is much more appreciated. Teacher and coach Fernando Santos also had a good run for the EURO finals this time and was completely confident even when falling into the group called “death”. Portugal is one of the winners of this tournament. They have talent and quality in every position, and are led by a superstar like Cristiano Ronaldo. A lot is expected from Portugal at EURO 2020. The focus of the match will definitely be the star Ronaldo. At the age of 36, this tournament could very well be the last time this superstar has tasted the EURO feeling. Just need to score one more goal in the record of 5 appearances at EURO, this striker will surpass Michel Platini to monopolize the position of top scorer in the final round (currently with 9 goals). This is said to be within reach, because this superstar is still in impressive scoring form with the title of Serie A top scorer 2020-2021. Seamless quality Portuguese players. Photo: Eurosports. In addition to Ronaldo, Portuguese football also has many impressive stars playing in Europe, including the quartet playing in the English Premier League, Ruben Dias, Diogo Jota, Bernardo Silva or Bruno Fernandes. With an even and quality squad in all three lines, Portugal is also considered as one of the top candidates for this year’s tournament championship. The goal of defending the throne is both a pressure but also a motivation for Ronaldo and his teammates to strive. With the force of the two teams, it is clear that “European Selecao” is much more appreciated than the opponent in this match. However, it would be very wrong to underestimate Hungary in this tournament. Coach Marco Rossi’s team is unbeaten in the last 11 matches in all competitions, including bold victories over San Marino and Andorra in the 2022 World Cup qualifiers. Hungary has never tasted victory against Portugal in 5 encounters. It won’t be easy for Hungary to dream of progressing to a group with Portuguese, French and German boggarts, but a positive result in the opening match is sure to leave fans dreaming about it. a miracle can happen. The EURO 2020 finals witnessed the first surprises when Spain let Sweden hold a goalless draw, Poland lost to Slovakia, the Czech Republic overcame Scotland, making many people believe that the “shocks” will continue. happen. Hungary have failed to score in just one of their 15 home matches under coach Marco Rossi. Hungary confidently welcomes defending champion Portugal at home. Photo: Eurosports. Hungary could not qualify for EURO 2020, they topped the group in the Nations League, so they have the opportunity to play in the play-off round. Marco Rossi’s teachers and students overcame Bulgaria (3 – 1) in the semi-finals and Iceland (2-1) in the final to win tickets to the biggest football festival on the continent. With a squad that does not have too many quality names, Hungary is not even lucky to fall into the group of death. However, this is Hungary’s first match at a EURO as the host, and a series of good results in friendly matches before the EURO 2020 finals will help teachers and coach Marco Rossi confidently welcome home. defending champion. The match between Portugal and Hungary will take place at Ferenc Puskas (Budapest) at 23:00 on June 15. Pre-match statement:
“We will do everything to push ourselves to the limit. We know who we have to face. The whole team will keep our feet on the ground. But of course we still want to realize our dream.” – Coach Marco Rossi. “The statistics are for reference only. From what I have seen of Hungary in recent matches, I understand that the whole team will have to do their best to win.” – Coach Fernando Santos.

Portugal faced many difficulties against Hungary in the opening match of the EURO 2021 final round. Despite superior ball control, the defending champion played a deadlock against the home team. Ronaldo goes down in EURO history (Image: Reuters). It was not until the 85th minute that Portugal had a lucky goal from Raphael Guerreiro. After releasing the pressure, Portugal had 2 more goals in the 87th and 90+2 minutes thanks to Ronaldo’s effort to win with a score of 3-0. CR7 set a record when becoming the greatest goalscorer in EURO history (final round) with 11 goals, 2 more than Michel Platini. 15:44 15:46 Tonight (June 15), the Euro defending champion – Portugal will enter the journey to defend the championship title with a match against Hungary. This match will take place at Puskas Stadium in Budapest (Hungary). The good news for fans who want to come to the stadium to watch this match is BTC EURO 2021 and the Hungarian Government has decided not to limit the number of spectators present on the field to witness the match. Ronaldo will be able to play in the first match to welcome the full audience at EURO 2021. (Photo: Reuters). Thus, in a favorable case, more than 60,000 fans will be present at Puskas Stadium to witness Ronaldo and his teammates in Portugal compete in the opening match at EURO 2021. Puskas Stadium is also the only stadium to host EURO 2021 group stage matches that allows fans to enter the field with a sufficient number of seats designed for the field. Stadiums that have held previous matches usually only allow the number of spectators to enter the field at about 20-25% of capacity. The match between Hungary and Portugal will be the first match of an unlimited number of spectators at EURO 2021. 15:59 FORCE INFORMATION – HUNGARY: Roland Sallai’s ability to play is open – PORTUGAL: João Cancelo withdrew from the tournament because of Covid-19 infection PERFORMANCE AND COMPETITIVE – Hungary won 7, drew 4 in the last 11 matches – Portugal won 4, drew 2 in the last 6 matches – Portugal are unbeaten (won 9, drawn 4) in 13 past encounters with Hungary 16:01 The match between Hungary and Portugal takes place at 23:00. 18:52 19:18 Photos of the last training session of the two teams before the match (Photo: Reuters). 19:21 21:59 Line-ups of the two teams. 22:26 Festive atmosphere at the Puskás Arena courtyard (Image: Reuters) 22:28 22:29 Portuguese players warm up before the match (Image: Reuters). 23:00 THE GAME BEGINS !!! Hungary serves first. 23:02 2′: Squeeze the Yard!!! Immediately after the opening whistle, Portugal raised the squad to press Hungary. However, the home team is playing quite well defensively. 23:04 3′: NO!!! Diogo Jota dribbled the ball quickly on the left, but the Hungarian defender guessed the intention and made a very good cut. 23:05 The match took place at a very high speed (Image: Reuters). 23:06 5′: DO NOT ENTER!!! Diogo Jota ran smartly to catch his teammates’ slot, the Liverpool striker hit a shot with his left foot very tight, but goalkeeper Peter Gulacsi made an excellent save. 23:08 8′: RONALDO GOES IN HISTORY!!! Playing in the match against Hungary, Ronaldo went down in history, becoming the first player to play in five consecutive EUROs. The first EURO that CR7 competed in was in 2004. Photo: Reuters. 23:10 9′: DO NOT ENTER!!! Bernardo Silva dribbled the ball well into the box for Diogo Jota, but the Liverpool striker kicked the ball into the stands. Diogo Jota had 2 chances, but he was still unable to capitalize on the success to score. 23:13 13′: NO!!! Diogo Jota poked a slot for Raphael Guerreiro to penetrate the penalty area, but the defender did not control the ball well, missed the opportunity to score. 23:16 15′: EXCEPTION!!! Portugal controlled the ball up to 75%, but coach Santos’s team was struggling when Hungary played double-decker buses. 23:18 17′: NO!!! Ronaldo made a dribble into the Hungarian box, but the Portuguese striker was intercepted by two home defenders and lost the ball. 23:19 Diogo Jota had 2 scoring opportunities, but failed to capitalize on them (Image: Reuters). 23:20 19′: VIETNAMESE!!! Ronaldo ran to receive a pass from his teammate and then fired a shot, but the referee immediately cut the whistle because the Portuguese striker was in an offside position. 23:24 23′: Corner kick!!! Portugal enjoyed a corner on the right wing in the direction of attack, Bruno Fernandes hung the ball into the penalty area of ​​Hungary, but the home team defender easily solved it. 23:25 Ronaldo is being taken care of by the defender of your team (Photo: Reuters). 23:27 26′: NO PENALTY!!! Ronaldo poked a very good slot for Bernardo Silva in the penalty area, but the Man City midfielder could not overcome the Hungarian defender’s block and fell to the field, missing the opportunity to score. 23:30 Portugal pressed the pitch violently (Photo: Reuters). 23:31 30′: HEADING!!! Bernardo Silva crosses the ball for Ronaldo to head high in the Hungarian penalty area, but the ball goes higher than the home team’s goal. CR7 is very active, but is closely followed by the opponent’s defender, so there is no real clear opportunity to eat. 23:36 35′: GOOD DEFENSE!!! Hungary organizes defense and covers each other very well, the home team makes Portugal deadlocked in approaching Peter Gulacsi’s goal. Not only that, Hungary also had quite dangerous counter-attacks, making the visitors’ defenders struggle to block. 23:37 36′: FREE kick!!! Hungary concedes a free kick, Roland Sallai hangs the ball for Adam Szalai to head it, but the ball goes right into Rui Patricio’s position. 23:38 38′: GOLDEN CARD!!! Ruben Dias is shown the yellow card for a tall error on Laszlo Kleinheisler. This is the first yellow card of this match. Photo: Reuters. 23:41 40′: SAVE!!! The opportunity came to Diogo Jota in the Hungarian penalty area, the striker’s hidden shot sent the ball wide, but goalkeeper Peter Gulacsi had great reflexes to save the home team. 23:43 43′: INCREDIBLE!!! Ronaldo had a very good opportunity to score from a distance of 5m50, but the Portuguese striker cushioned the ball to the stands. Photo: Getty 23:47 45+1′: END OF TIME 1!!! Hungary and Portugal temporarily drew with the score 0-0. 00:02 TIME 2 STARTS!!! Portugal serves the ball. 00:05 47′: SAVE!!! Portugal enjoyed a corner on the right, Bruno Fernandes hung the ball for Pepe to head, but once again the Hungarian goalkeeper made a brilliant save. Peter Gulacsi continuously saves for Hungary (Image: Getty). 00:12 53′: LOCKED!!! Portugal is at an impasse before the double-decker “bus” that Hungary erected in front of goalkeeper Peter Gulacsi’s goal. The defending champion is having to use a lot of high ball strokes, but it has not been effective. 00:14 Hungary plays very well defensively (Photo: Reuters). 00:17 60′: NO!!! Semedo made a cross into the box towards Ronaldo’s position, but the ball was too light so goalkeeper Peter Gulacsi hugged it. 00:20 62′: NO!!! Bruno Fernandes headed in from a teammate’s pass, but the ball went lightly and did not pass the hands of goalkeeper Peter Gulacsi. 00:24 66′: corner!!! Portugal enjoyed 2 consecutive corners, but the away team did not cause too many difficulties for Hungary’s defense. 00:25 68′: SAVE!!! Bruno Fernandes shot the ball away very hard, but goalkeeper Peter Gulacsi poured an excellent save. The home team’s keeper is playing brilliantly. 00:28 Hungary brings Portugal to a standstill (Image: Reuters). 00:31 00:34 76′: NO PENALTY!!! Ronaldo controlled the ball and bounced into the hand of player number 5 on the Hungarian side, but the referee did not give Portugal a penalty. Photo: Reuters 00:38 80′: WINNING DEPENDED!!! Roland Sallai managed to put the ball into the net of Portugal, but the goal was disallowed because the striker had previously been offside. 00:43 85′: ENTER ENTER!!! Bruno Fernandes crossed the ball to hit the Hungarian defender, the ball found Raphael Guerreiro’s feet, the defender shot the ball dangerously to open the scoring for Portugal. The Portuguese players celebrate the opening goal (Image: Reuters). 00:45 87′: ENTER ENTER!!! Ronaldo scored on the 11m spot to make it 2-0 for Portugal. Ronaldo recorded his name in EURO history when he scored 10 goals in the finals, surpassing the legendary Platini. 00:48 00:50 90+2′: ENTER ENTER!!! Ronaldo received a favorable pass from Bruno Fernandes, he dribbled past goalkeeper Peter Gulacsi to make it 3-0. Photo: Reuters. 00:53 90+5′: TIME OUT!!! Portugal won 3-0 against Hungary to have a dream start at EURO 2021.

Corentin Tolisso. The Old Lady’s top target in the summer 2021 transfer window is still Sassuolo’s Manuel Locatelli, but Tolisso will be a backup. According to DiMarzio, Juventus had the first contact with Tolisso with the consent of coach Max Allegri. Tolisso’s contract at Bayern expires next year and he has struggled to compete for a starting place in the Gray Lobster’s midfield. The French player has great potential but injuries keep him from reaching his full potential. He still has some great performances for Bayern but with plenty of quality options in central midfield, the German club are weighing Tolisso’s future. An offer from Juventus for a player who is not so important and is about to enter the final year of his contract will be worth considering for Bayern. They certainly don’t want him to go under the CNTD format, but they don’t plan to extend it either. DiMarzio also pointed out that this is not the first time Juventus has pursued the French midfielder. They tried to sign him in 2017, when he was still playing for Olympique Lyon in Ligue 1. After that, Tolisso moved to Bayern for 41.5 million euros, a record transfer fee for Gray Lobster at the time. Only when Luca Hernandez moved from Atletico Madrid for a fee of 80 million euros in the summer of 2019, this record was broken. In addition to Juventus, Tolisso has also received the attention of many big players such as Arsenal, Man United, Inter Milan, Napoli and Atletico Madrid. In the winter transfer window of 2021, there was much information that Bayern wanted to use Tolisso as part of the agreement to sign Florian Neuhaus from Borussia Monchengladbach. However, the deal was not successful.

“Let’s live up to the new era and go on a new journey together”, hosted by Shenzhen Private Equity Chamber of Commerce, Private Equity Ranking Network, and co-sponsored by Huabao Fund and Century Securities, Ping An Securities, China Securities, Yunxi Fund, Hongxi Fund, Co-organized by Senrui Investment, specially co-hosted by Shenzhen Local Financial Supervision and Administration Bureau, specially supported by the People’s Government of Futian District, Shenzhen, and supported by the Fund of Funds Research Center as a strategic support unit The 15th China (Shenzhen) Private Equity Summit Forum kicked off on April 22, 2021 at the Futian Shangri-La Hotel, Shenzhen.

Zhao Yuanyuan, vice president of Shenzhen Qianhai Jianhong Times Assets, has been engaged in securities investment research for 15 years, master of economics from Southwestern University of Finance and Economics, CFA holder. He once engaged in macro strategy research at Guotai Junan and other securities firms, and was shortlisted as the best analyst of “New Fortune” in 2009. He successively served as a fund manager in public equity institutions such as Caitong Fund and Huashang Fund, and won the 13th China “Golden Fund” Partial Equity Mixed Fund Award. The 1-year, 2-year, and 3-year champions of private equity strategic products (private equity ranking, data as of the end of 2020).

Zhao Yuanyuan, Vice President of Shenzhen Qianhai Jianhong Times Assets

The following is the full text of the speech:

The host has already introduced that our company is the champion of the stock strategy group in 2020, and we are also the champion of the stock strategy subjective long strategy in the past 5 years (the scale of 100 million to 100 million). At the same time, I am also the ranking net in the first quarter of this year. The champion of the stock strategy fund manager ranking.

Since last year, our company has changed from managing its own funds to raising capital from outsiders. Everyone may be curious about why our products have performed very prominently in the past two years. Looking at this performance curve, we have not only made a good profit, but also a very small drawdown. We are one of the few companies in the market that can control the drawdown very small while achieving high returns.

Everyone would like to know our strategy very much. Today I will be very frank with you colleagues to exchange our strategy. no doubt, Stock selection is very important, and we have done a very outstanding job in this regard. But if only relying on an excellent stock selection strategy, can the performance be so smooth? The answer is no. We think that we can make the performance curve so smooth by timing . Many friends don’t trust the timing strategy so much, but I will tell you why we can do this timing strategy well.

I remember that in January this year, many reporters and friends came to interview and asked what do you think of the championship spell? The so-called championship spell is that if you win the first place last year, it is usually possible to fall to the bottom half in the second year. . This is how I answered. Of course, this is my personal understanding, not necessarily correct. What is the reason for the championship spell? The first is that many fund managers are good at stock selection, and they are only good at stock selection. Such fund managers generally have their own ability boundaries, and they tend to be in the direction that they are familiar with, such as growth, such as consumption or For medicine, choose a company that has been thoroughly researched in the field you are familiar with.

We say that a good company does not necessarily perform well in every period. After all, it is a stock. As a stock, it will definitely be affected by the macro cycle or market risk appetite. If your investment target is also confined to a single field that you are good at, it may appear to be very good in the field you are good at last year, but due to the rotation of styles in the second year, the performance of that industry will not work. At this time, the so-called championship spell appeared.

We made good use of a macro cycle last year, and many times our stock picks also benefited from the epidemic. But if I just rely on this, it cannot explain why this year, I have still been able to win the championship in the stock strategy group. Our timing strategy is to ensure that in every economic cycle or every monetary cycle or style preference cycle, we can select the best performing industry at the time. Only in this way can we ensure low retracement and high returns. If it is always confined to one industry or one type of industry, there will be a relatively large drawdown. This is the first point I want to emphasize, The important reason for ensuring low retracement is the timing strategy.

Second, whether the championship spell can be broken or not depends on whether the strategy itself is objective. Although we call the subjective stock strategy, we are not actually making decisions with our heads. In our timing strategy, every step of our decision-making is based on objective economic data. Whether it comes from macro or market data, we are all Rely on these objective variables to guide the operation. If a company that won the championship does not rely on objective strategies to guide operations, but rely on subjective judgments to operate, there may be a “championship curse” problem.

There are many methods for timing strategy, quantification is one method, and we adopt a top-down macro strategy. Why use this? Or why I think I can use this strategy well, but this strategy is not suitable for everyone? This has something to do with my background.

Why can I do a good macro strategy? First of all, I studied economics in my school, and my macro skills are very good. Later, I did 7 years of macro strategy research in an institution like Guotai Junan. At that time, the direction was the allocation of large-scale assets and industry allocation. When should I take a high position and when should I buy which industry? This is what I studied at the time. The direction, after seven years, has laid a good foundation. Compared with those fund managers with industry research background, my way of thinking may be quite different from him.

Second, I later worked as a public fund manager for 5 years. In these 5 years, I basically applied my previous top-down strategy to my public offering products. In public offerings, position restrictions and individual stock restrictions cannot optimize this strategy, but as the strategy gradually matures, we have also achieved good returns during the public offering, ranking in the top 14%. After the private placement, because my position can change drastically and the industry configuration can also be extreme, I have maximized the advantages of this strategy. This is what everyone sees that I have achieved in private equity.

This is myself, Why should I do a macro top-down strategy and timing strategy are related to my discipline and background.

Let me introduce our team. Mr. Bian I work in an insurance company. Everyone knows that insurance companies manage large funds. Mr. Bian is also very accurate in the general direction, and he guides us. Although I said that the macro can guide us to do some asset allocation, after all, it cannot be refined to the daily operation, because in my experience, the macro variables can guide the weekly level operation is already very good, but if you want to refine it to the day level In fact, it needs some other indicators and other capable people to cooperate.

We also have two outstanding fund managers, Chen Zhihui Sir, his way of thinking is slightly different from mine. He pays great attention to the signal reflection of the market itself. Mr. Guo It is our quantitative fund manager, and we also have a relatively small amount of quantification. Relying on Mr. Guo and Mr. Chen, they cooperate with the two fund managers in front of us who are guided by the macro, and we can refine our operations from cycle to day. This is our team.

The performance has just been introduced. Let’s go directly to our top-down investment strategy.

What is the first important factor that determines the stock index? Maybe many people like to use the economic growth rate to be linked to the stock index. This method is correct, but it is not entirely correct. Only when there is a sharp turning point in economic expectations, we will judge the stock index by economic growth. The so-called sharp turning point refers to a major event such as a trade war or an epidemic that can greatly reverse economic growth expectations. Only then do we need to consider the impact of economic growth on the index.

Last year there were two significant adjustments: one was the outbreak of the epidemic in China. The second time was the outbreak in the United States, and these two times led to market adjustments. Maybe some people didn’t pay much attention to it when the news of the epidemic first came out. But it only took me an hour to study this. The RNA virus is a single-stranded ribonucleic acid that can be recombined with any other nucleic acid fragments. The variability of this virus causes this matter to not end so quickly. So before the Spring Festival, we reflected on this matter. This is the first factor that affects the index, the economic expectation has a big turning point.

What is the second factor? It’s currency. Everyone may look at different monetary indicators. Some people look at interest rates. I remember that when the market adjusted last week, a sell-side analyst came out and said that our social financial data was not as good as expected, but I personally didn’t think so. Because in all the research I have done, there is only one macro variable that affects the index, that is, the base currency. Only it has a great correlation with the index, so I can’t tell the story by looking at the social financial data. In my case, social financial data affects the price of industrial products, and social financial represents the currency flowing into the real economy. Our index not only considers the liquidity of the real economy, but also considers the virtual economy, especially the virtual economy.

The basic data is the sum of the currencies issued by the central bank, and it also includes the virtual economy and the real economy. Only by considering this can it be complete. This law is not only established in China’s A-shares, Hong Kong stocks and the US S&P 500 are most closely related to the base currency, or the size of the debt side of the central bank’s balance sheet.

For example, there was a wave of small adjustments in January this year, which was one or two weeks before the Spring Festival. What happened to the base currency at that time? In fact, there are many variables for us to track the base currency reference, such as reserves, such as targeted loans, these are all possible. Another important reference variable is the central bank’s attitude towards the interest rate corridor. We should not stare at the open market operation itself, but should look at the background of the open market operation under what interest rate background, and what shape he wants to describe the interest rate corridor.

From this perspective, on January 15th, the MLF was shrinking at that time. That was the reason for the market adjustment in January. We judge the central bank’s monetary policy in two dimensions, the first is forecasting, and the second is tracking. Forecast, what can you look at? Generally speaking, we look at inflation and economic growth. These two data are more reliable.

When the market adjusted last week, some sellers said that our inflation data was too high, which would allow the central bank to collect currency. I also hit X in this sentence. why? In fact, when we look at whether an economic variable has an impact on the central bank, we need to look at its comparison with its target value. For example, for inflation, the central bank’s target for this year is 3%, but according to my forecast model, the highest value of CPI this year will be around 1.9 in May and around 2.1 in November, which means that the level for the whole year is certain. It is below 2, which is far from the 3% target. For the rest of this year, there is no need to consider whether inflation will affect the central bank’s monetary policy, and no need to consider at all.

in contrast, Economic growth will actually have a greater impact on the central bank’s monetary actions . The GDP in the first quarter was not as good as expected, and the two-year compound growth rate was only a few 5% points, which has not yet reached the 6% level. Especially in the manufacturing industry, the first quarter was very poor. In this context, I think it is unlikely that the central bank will make monetary adjustments in a tighter direction at the Politburo meeting. This is my judgment. It depends on which economic variable the central bank is mainly considering at the time, and what the target value of this variable corresponds to. Therefore, this year there is no need to consider inflation, only growth.

In addition, the central bank may also consider other things. For example, when the RMB appreciated the most against the US dollar last year, the central bank said at that time that our monetary policy should consider employment. What’s the meaning behind this? The exchange rate is related to exporting companies, and exporting companies, especially small and medium-sized export companies, are very important entities for employment. So what the central bank said at the time meant that if the renminbi continued to appreciate in this way, we would release the water. I think The meaning behind him is this. Fortunately, within two months, the U.S. dollar began to appreciate against the renminbi, so the current exchange rate does not need to be considered, but at that time, the currency policy of the central bank did not need to be considered.

There is also an unconventional factor. For example, the base currency was actually very abundant in November and December last year. It was because of the large number of defaults on credit bonds at that time. The central bank took some unconventional measures in order not to proliferate this matter. The currency was released in November and December. This can also explain why the currency will start to be collected on January 15, when it was not particularly obvious at the time, but it was indeed shrinking. It is because at the end of last year, the liquidity of credit debts needs to be corrected in January, because the problem of default of credit debts was not so obvious in January, and there is no need for the central bank to do anything. So the central bank accepted the currency in January.

Just now I told you how to predict the monetary policy of the central bank, looking at the distance between conventional economic indicators and economic targets, and considering some unconventional economic indicators in light of the current situation. Conventional economic indicators are inflation and growth, and unconventional economic indicators include credit debt and so on. If it is not pre-judged, you can also track some of the high-frequency behavior of the central bank. If it is a stock index futures, it will be easier to understand. If the MLF is shrinking on January 15th, you can empty the stock index that day. This is an explanation of the January adjustment.

After February, everyone knows that we have continued to do the MLF in the same amount for three consecutive months. In other words, in these three months, the global index or, specifically, the Fed’s liquidity will affect the index. The Fed’s liquidity is a very important factor that led to the adjustment of the Shanghai and Shenzhen 300 Index on February 18. Why cut from domestic monetary policy to foreign countries?

Because the domestic economic variables at that time were completely meaningless, and the same amount was continued for 2, 3, and 4 for three consecutive months. When domestic currency changes can no longer guide you to look at the index, you must consider foreign ones. Because we track the Northward funds every day, we calculate the correlation between the Northward funds and the CSI 300 every day. Once we find that the correlation between the Northward funds and the CSI 300 analysis graph has improved on many trading days, the focus should be shifted to foreign countries at this time. Liquidity.

In addition, we also need to look at the real interest rate of US Treasury bonds, the ten-year real interest rate, the exchange rate of the US dollar against the RMB, and the MSCI emerging market index. Beginning in mid-March, U.S. Treasury bonds began to plummet, and emerging market indexes began to plummet. At that time, the exchange rate of the US dollar to the RMB also began to figure out, and it was in an upward direction. In addition, the correlation between Beijing Capital and the CSI 300 has begun to increase, and at this time the focus should be on changes in foreign liquidity.

Why did the Shanghai and Shenzhen 300 plummet at that time, and the so-called Baotuan Baima stocks represented by food and beverages began to collectively slump? It is because at that time, as the number of new crowns in Europe and America dropped every day, crude oil and copper began to skyrocket. Once this phenomenon occurs, it is natural to think that the capital or foreign capital will begin to withdraw from the A-share market.

The most sensitive to the Fed’s currency is emerging markets or some highly valued U.S. varieties The so-called risk assets are the most sensitive to the Fed’s currency. Once such a phenomenon occurs, we can know that foreign capital is about to go, and that all the baijiu that foreign capital has heavy warehouses should go away first. I will talk about industry configuration next. This will not only affect my judgment on the index, but also my judgment on industry configuration or market style. This is how domestic and foreign liquidity affects the index.

Up to now, in recent weeks, since the daily number of new crowns in the United States has flattened out, capital from the North China has not flowed out, and liquor beverages have bottomed out. At this time, I returned to focus on domestic monetary policy. Why did the market fluctuate in the last two days and everyone always said that the central bank adjusted its monetary policy? It is because now that we no longer care about foreign countries, the number of new additions in the United States has been flat. Later, if I want to predict the next market index, I may also focus on the expected changes in domestic liquidity.

In fact, when the macro cycle fluctuates greatly, for example, last year, it was judged that the stock index should contribute a lot to the performance. But like this year, I think that the possibility of obtaining excess returns is not a judgment on the stock index, but a judgment on the industry.

What industry when? What I have listed here are the contributions of all fund managers in our investment department, which I think are good tracks. In January, when I was interviewed by many media, I made it very clear that the four industries I am optimistic about this year are intelligent automotive, the second is carbon neutrality, and the third is demand-side reform. Next comes advanced manufacturing. But this does not mean that I bought these stocks. These are two different things. This is the difference between research and investment.

These stocks are well studied just to put the stock pool in. When should they buy carbon neutral? When to buy an intelligent car? When should I buy the value economy and lazy economy listed at the end of my list, and when should I buy these for consumption? This is another timing system to answer this question. This is more of a bottom-up stock selection. This should be the most similar to its peers. It is to pick a good track first, and pick a good stock from a good track, just like its peers. But the next point I want to talk about is that I am different from my peers, that is, I am optimistic about these things, when I will buy them into my stocks.

Three factors are mainly considered:

The first is market risk appetite. The most important reference factor is interest rate or spread.

The second is the funding trends of institutions, which are more of game thinking.

The third is the verification index, echoing the same industry.

The first risk appetite , I see a lot of information every day, all kinds of good and bad, should we turn the news we read every day into our trading behavior? In fact, you need a framework like you to filter this information. For example, I currently have more than 500 WeChat groups, and I don’t know how much information is available every day. Let’s filter inside, what can be transformed into your buying behavior, and what can’t?

First of all, the first point is to judge the risk appetite of the market. The most reliable way is to look at how the market responds to the news. For example, in the past two days, a policy for electrified energy storage has been issued. How do the stocks of relevant electrified energy storage reflect? If it rises before the news comes out, but does not rise after the news comes out, how does the stock react to the good news? This way of reflection directly reflects risk preference. But this is a bit subjective. I said that our strategy must be objective, and the strategy must be linked to actual data.

The objective data I pay more attention to include: For three-year government bonds, or the spread between ten-year and two-year periods, credit spreads are occasionally looked at. This concretizes my judgment on risk appetite. Why look at the three-year national debt? This is the relationship between the three-year Treasury bond and the industry that performed best in the past five years. It can be seen that the industry that performed best when interest rates fell is generally the cycle or growth, or theme.

If interest rates are rising, the best performing industries are either big consumption or big finance. Why is it a three-year period? I personally understand that because generally speaking, the interest rate of treasury bonds for a period of one or two years reflects the liquidity of the market, while the interest rate of the forward period, like a ten-year period, contains information on liquidity, inflation expectations and risk appetite inside. If the interest rate difference is made, the ten-year period minus the two-year period will only have risk appetite, while the three-year Treasury bond interest rate has both liquidity and risk appetite information in it.

After the Spring Festival last year and before May 1st, interest rates fell sharply, and the currency and finances were both loose. At that time, it should be selected in the growth and cycle. Combined with the situation at that time, in terms of stock selection, due to the sharp drop in interest rates at that time, everyone had a high tolerance for risk, so instead of choosing some transformation stocks, they performed better than IDC stocks in the main business. This is an example from last year.

Interest rates began to rise on May 1st last year, and this upward trend basically continued until December last year. After May 1st last year, we participated in several relatively good industries. One was medical supplies, such as gloves. Later, he participated in new energy vehicles, and finally participated in a little bit of liquor. Why did you choose these industries? Because the entire interest rate is in an upward cycle, we should be biased towards large consumption in terms of industry selection.

Everyone remembers news about semiconductor shortages and price increases. In fact, it started in the third quarter of last year. In the third quarter of last year, we often saw such information when reading the news, but then we saw the information about semiconductor shortages and price increases. At that time, would you buy semiconductors? My answer is no. why? Because the semiconductor is a TMT industry, it is essentially a growth-type industry. When the interest rate rises sharply, the performance of the growth-type industry is unsatisfactory. This is how I rely on the risk appetite system to guide me to choose the industry and the news we see.

However, this strategy is not very easy to use after February this year, so my chart has not been updated because interest rates have flattened since February. At this time, we can no longer use the framework of risk appetite to do industry configuration. Instead, we should look at another major factor that affects industry configuration: the game of capital. We know that the preferred industries of Beijing Capital and Insurance, and the preferred industries of public offerings and individual investors are slightly different.

For example, carbon neutrality. When I was interviewed in January, I listed it as my second industry optimistic. But I didn’t buy it. The time when I really bought carbon neutrality was after the Baima stock group collapsed, that is, after February 18. Why did you choose this time? Just now I told you how I used the U.S. Treasury bond interest rates, exchange rates, emerging market indexes, and the correlation coefficients between Northbound funds and the Shanghai and Shenzhen 300 ticks to determine when the Great White Malaysia stocks collapsed.

Because in January, the discussion was in full swing when the group would collapse. In fact, I don’t think there is any need to participate in the discussion. There are really many objective indicators. You can stare at these economic indicators. The four indicators I mentioned earlier will know when to escape from liquor stocks and home appliances. Or the industry preferred by foreign capital.

The reason why carbon neutrality can only start slowly after February 18th has a lot to do with the escape of Beijing capital from A shares. , If there is no such factor in it, I don’t think it will be fully involved in the theme of carbon neutrality. But at that time, I cut out everything related to consumption because I saw the outflow of funds from the north, which led to a change in the industry style of the entire market. Because we are a stock game, when the big white horse does not work here, funds will definitely look for some hot spots in the small and medium caps. But how many positions you have to take to participate in this kind of theme investment should also be judged based on the performance of the white horse and blue chips at the time.

In addition to the collapse of the White Horse stock market, there is another factor for carbon neutrality, that is, everyone expects that this industrial policy will come out before and after the two sessions. Therefore, we also cooperated with the timing of the two sessions and chose to participate at that time instead of participating when we told reporters in January. This is an example I cite. At certain times, for example, when our risk appetite or interest rates begin to not guide you to judge the industry, how do you judge the industry configuration from the perspective of institutional gaming?

The third is the verification indicator. There is another special thing in the past two years, that is, our industry allocation must consider not only the domestic economic cycle, but also the foreign economic cycle. In theory, according to the logic diagram I just mentioned, after November last year, cyclical stocks should have no chance of performance, because there is neither loose currency nor loose finances. From November last year to February this year, the strength of cyclical stocks was actually related to foreign economic cycles.

The reason why it started in November last year is because the vaccines were distributed after they passed the test. After about a month later, we saw that the number of daily new additions in the world began to decline. The situation of cyclical stocks in the past was actually a special case. This happened when the economic cycle quarters of China and foreign countries were not balanced. , It is basically synchronized in normal times. At this time, you can completely follow the logic diagram model I showed you before to layout, and judge whether to participate in cyclical stocks based on currency and finance. Now, it may be necessary to consider not only the domestic economic cycle but also the foreign economic cycle.

Cyclical stocks had a wave of performance in February. In fact, as early as January, the cyclical industry began to emerge strong stocks. In March, the concept of carbon neutrality appeared again, and the cycle showed another expression through this east wind. In this process, we saw a phenomenon, that is, within the cycle of the entire large industry, in fact, each sub-industry is rising in rotation, such as non-ferrous, black, and chemical industries. Assuming that in a large industry, only a few industries are rising. This industry cannot be said to be particularly strong. Only when all sub-sectors in a big industry are rising in rotation, this industry is strong enough. This can be a good explanation for the previous cyclical stock market.

Back to the present, as I said, both domestic interest rates and changes in foreign liquidity expectations have flattened out. At this time, we cannot rely on these two factors to judge. This state may be maintained from April or even to the first half of May. There is no obvious dominant state among cycle, growth, and consumption. This is related to the flattening of currency interest rates and the flattening of foreign liquidity expectations.

But on the other hand, it can be verified from the middle view that there are only one or two special strengths within each major industry. For example, in the past two days, medical beauty and liquor, or the entire alcohol and medical beauty are relatively strong. But other consumer branches are not so strong. Going back to an earlier point, the smart car line should be the strongest in the TMT field, but if you look at other branches, such as the panel or the Apple industry chain, these will not work.

What i want to say is At present, there is no industry that possesses the middle view to reflect internal rotation, that is, there is no inter-correspondence relationship within the major industries. This is a reference indicator. I think the first two indicators may be the focus of my consideration. This is my industry. The method of configuration. I tell you so much. It’s not about how to select industries from top to bottom. It’s more about how to use this framework to filter information when you see a piece of news to decide whether to transform it into Your trading behavior.

Looking forward to the future, From February to May, domestic interest rates were flat. But I think that starting from May and June, our inflation will start to go down. This has something to do with the trend of commodities, such as the South China Industrial Products Index and crude oil. At the same time, referring to the difference between the growth rate of base currency and social financing, I think it will enter a downward channel for the PPI in May and June. For people who do stocks, what is the reference meaning of this information to us? That is, our risk appetite should be improved, and we should pay more attention to growth stocks. To put it bluntly, we can also pay more attention to some story-telling stocks.

There is no performance this year, but the performance may be reflected in the next two or three years. Like this type of stock, such as autonomous driving, I think there will be no performance in autonomous driving this year. The most optimistic situation is that there will be performance next year. To cite this example is that when your interest rate starts to go down, this kind of stock that can only reflect performance in the future, but can not reflect the performance now, you can also participate. When interest rates rise, this kind of thing should not be involved.

If the interest rate goes down after May and June, everyone can participate in this kind of growth, or the storytelling in which performance is reflected in the future but not in the present. So recently many reporters have asked me whether I am optimistic about wine or banks. I think I am optimistic about May at most, even my favorite medical beauty, after May, it is impossible to participate in such a large position .

This is my industry prediction for the future based on my judgment framework.

But in fact, there are still many uncertain factors, including what I said about whether foreign capital will come in and out in the future. I can’t tell you my judgment now, because I look at the number of epidemics every day. There is also, for example, the relationship between China and the Western world. Some time ago, China and all Western countries had very fierce conflicts on the ideological level. Will this conflict be transformed into a trade conflict in the future? Affect the trend of A shares, or the trend of industry allocation? Foreign investment is more sensitive to the political situation, will it have an impact on industry allocation and index? I can’t judge right now. I can only say that there is a string in our psychology. In the future, if something I said happens, for example, the overseas epidemic suddenly goes up or down, or the conflict between China and the Western world suddenly intensifies. It has penetrated into the trade level again. At this time, the judgment of the industry and the index is different. But now I tell everyone that my judgment on the style after June is based on the information I have now.

Stock picking is not my strong suit, so I’ll make it simpler. The stocks that can enter our stock pool must be stocks with no major fundamental problems. In terms of stock selection preferences, I also have a focus. When should I participate in stocks with medium and small market capitalizations that are highly elastic? Usually it happens when I think the market risk appetite is high, or when I am prepared to participate in this topic for a short time, I will look for that kind of stock. When do you choose to participate in the industry leader? Of course, if you can, you can also double the participation in margin financing and securities lending. In fact, it will happen when the market risk appetite begins to ebb. I think that if I have been involved in this industry for a long time, I may choose some that have performance support. This is a rough idea.

Let’s show our scoring system for entering the stock pool, and scoring each stock. There are basically these four latitudes:

The first latitude is how the product industry’s track is. This should be the most weighted, basically accounting for 40%.

The second is that the company’s competitiveness must be consistent with the key elements of the industry. For example, if you give a score to Amic, will you carefully analyze whether the ingredients in it are degradable? will not. Because when you look at a to C consumer product, your focus or the basis for scoring should be his brand power, not his technical threshold. For example, when choosing advanced manufacturing stocks, is the scoring basis based on brand power? not necessarily. The scoring basis should be based on technical barriers.

As for cyclical stocks, timing is the most important. If cyclical stocks can influence the spot price through the monopoly of the industry and hoarding stocks, if there are actions in this respect, it should also be a bonus. In other words, when scoring a company, it is based on its industry attributes and from different angles. This is the second point I mentioned. The competitiveness of the company must be consistent with the key elements of the industry in which it operates.

The third is the company’s strategic thinking and actions, whether it is consistent with the future development direction of this industry. For example, the future of automobiles is new energy and intelligent. Does the company pay enough attention to the future development path of this industry? In terms of the degree of importance the company’s leaders attach to, investment, and finding strategic partners, are they moving in this direction? We look at so many car-making forces in China today, and some new car-making forces are particularly sensitive to intelligence, such as Xiaopeng. But in other companies, he seems to feel that his actions are half a beat slower than others in this regard, and the investment is not particularly enough, which will cause him to score very low on the third item.

Fourth is the company’s own governance , Not much to say here. For example, this is what everyone recognizes as a big white horse. This is the text when I had a meeting with Betteni last year, and I haven’t changed a single word until now. I just give an example. As a consumer goods industry, he can score high in the three items I just mentioned. Why is it said that the sensitive skin track is better than the average skin care track because of the current excessive medical beauty and staying up late. Vibrato and excessive skin care. The second is to look at the double eleven rankings. Look at the rankings of skincare apps. He is relatively high, so he scores the second highest. The third is the marketing strategy. As a new brand born from online marketing, it has adopted online direct sales from the very beginning and found a large number of doctors to do live broadcasts and deliver goods.

I won’t say more about other examples, because time is running out, thank you for listening.

Kiatisak’s teachers and students led the rankings from round 5 and maintained a stable position after 10 rounds of V-League matches. They definitely … relegated early, and had a championship spot after three more rounds. However, elected Duc still thinks that HA Gia Lai needs to improve many things and wait until the end of the season to know whether to be crowned or not. Voting Duc once accepted for the 19-year-olds to play the V-League despite losing the game. Photo: XUAN HUY It is easy to see that the German election after five unsuccessful football seasons with the players at HA Gia Lai Academy JMG has been very cautious with the promotion this season and does not want to pressure them with the view of “kicking for fun”. However, everyone sees the players under Kiatisak as molting from victories such as splitting bamboo against big competitors such as Hanoi, Viettel, SHB Da Nang that they used to “jealous of. “. “HA Gia Lai won like splitting bamboo in phase 1, nothing is sure to win” – Mr. Duc said – “Bamboo also has its eyes. Then there was a time when Kiatisak’s teacher and student also met bamboo eyes and stopped. We just focus on solving one game at a time. Winning is more fun, but I also feel that it’s normal to lose. Because from the beginning I decided to play to be comfortable first, not to put pressure on the kids. Now if there is a loss, HA Gia Lai also leads the table. So what should put on winning or losing to lose mind “. Asked if he regretted not inviting coach Kiatisak soon, elected Duc laughed: “Five years ago, 10 Kiatisak also” died “. In this world, except for me, no one has ever brought a football team under the age of 19 to play in the national championship. At that time, how good a coach was, he could only hold HA Gia Lai from losing to losing. I cheer the kids up for fun, but I know that they are not experienced enough and are not strong enough to claim championship. At that time, I bravely let the kids kick the V-League to help them learn, accumulate experience for themselves, but how can we win the championship. But if I don’t give the kids the opportunity to play on the field, even if there are many 18-year-olds, then go to the field to play football, where to kick? I accept for the kids to have defeat in the V-League, after five years. Is there a strong tree that doesn’t go through a period of immaturity and raggedness in the face of a thunderstorm? The more I let the player experience, the higher the resistance. Regarding Kiatisak, I have repeatedly stated that when I want to take it, I just need a phone call as everyone knows. Back then, the players at HA Gia Lai Academy were too young. Furthermore, I am in a “blood dry” period, I don’t have much money to do everything as I want. The main thing I chose is the right person at the right time. The children are only mature at this point, it is normal to meet a good teacher. Now I am free again, I keep closely encouraging Kiatisak’s teachers and students one by one, it is good to win, it doesn’t matter if you lose ”. Football has a large audience for fun Bau Duc said very honestly about his happiness that every match of HA Gia Lai, regardless of football field, attracts crowded viewers. He is proud to share the faces of Hoa Xuan, Lach Tray, Ha Tinh, Hang Day, Thong Nhat … in the last seasons reaching record numbers of spectators with the shadow of player HA Gia Lai. This season, the mountain town team with the new teacher Kiatisak attracts more and more viewers. Bau Duc confided: “Playing football without the audience is very sad! To be honest, if HA Gia Lai wins the championship without fans, and the football field is crowded with the audience, I will not be happy. For a long time, HA Gia Lai, regardless of the season, always competes for relegation, but has never been absent from the audience? Players have to kick so they can buy tickets to see, even sell out tickets and almost burst many football fields. I don’t want to make a trade, but between picking the championship in an empty stadium and running away from the relegation full of spectators, everyone knows which one I choose! ”. TT

Although not directly participating in the MV, but the voice of the ICD still makes the audience listen when bringing a completely new style. As one of the rare times to show a cheerful, youthful rap style, ICD has shown that I can “weigh” many genres. MV Spread left and right tell stories about young girls who have not lived, like the lyrics of the song: “ Like the new mats never experienced “. Inspired by famous fairy tales Aladin And Magic Lamp The MV opens a journey to discover the miracles of two beautiful young girls Thieu Bao Tram and Hien Ho. In the MV, Hien Ho and Thieu Bao Tram also show their lovely choreography. The image of the two female singers in this MV is also the lifestyle of modern girls – always standing out, confidently pursuing all of your dreams, not afraid to explore and challenge yourself. At the same time, Hien Ho and Thieu Bao Tram also show off their deadly visuals and charisma that makes viewers unable to take their eyes off.

Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong speaking at the meeting. Photo: CAO THANG Speaking at the meeting, Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong emphasized, HIDS must act as the center, conductor in research programs, as a place to attract and connect knowledge resources. creating a research ecosystem in HCMC as well as the economic region of HCMC. The mission of the institute is to research topics that serve immediate political tasks on socio-economic development of Ho Chi Minh City; studying strategic topics of Ho Chi Minh City. In the first task, improving the investment environment and building urban government, it is necessary to ask what we have been doing. “Recently, reading comments on a number of newspapers, they said why Ho Chi Minh City and Hanoi are still struggling at the Provincial Competitiveness Index (PCI). Why does Quang Ninh hold the champion position for 4 consecutive years. For the efficiency index of governance and public administration (PAPI), HCMC also dropped, from 31/63 (2019) to 46/63 (2020). After only one year, Ho Chi Minh City decreased 15 places, in the group of 15 provinces with low average PAPI. Meanwhile, report to me, every unit is excellent. Excellent, why drop in rank? It is necessary to have an assessment of the performance of the tasks at the units more accurately, otherwise it will lead to subjectivity ”, comrade Nguyen Thanh Phong pondered. In addition to the 3 Ho Chi Minh City’s breakthrough programs on management innovation, human resources and infrastructure, the President of the People’s Committee of Ho Chi Minh City asked HIDS and departments to focus on implementing key programs for business development, creative start-ups. and key product development. Ho Chi Minh City will realize its goal of becoming the financial center of the region. In the near future, the City Development Advisory Council will be formed, including experts in the fields of economy, culture, planning, urban … Regarding the mission of HIDS in 2021, comrade Nguyen Thanh Phong requested: “It is necessary to clearly define the basic contents, what are the central objectives of the professional activities, how many jobs to do, who can assignment of responsibility, how long to complete. The final product is a measure of the value of labor for each individual and department at the end of the year. Not delivering specific products, how to assess the completion of the job. All things need to be concretized ”. In order to enhance its position and role, HIDS urgently develops and completes a project to develop an institute, a scientific research program in the period of 2021-2025 to have a fully functional implementation of its tasks. development to create research dynamics, ready to invite foreign experts to interact in order to raise the level of research methods. “In its structure, the institute has one member. Ho Chi Minh City People’s Committee also agrees to invest in infrastructure, so the ball is in the hands of the institute, so it cannot be said that Ho Chi Minh City does not invest, the collective needs to make more effort to build a worthy Ho Chi Minh City Research and Development Institute. and contribute to many valuable topics for Ho Chi Minh City ”, Ho Chi Minh City People’s Committee Chairman Nguyen Thanh Phong concluded.

From the ratings myth created by “Soldier Assault”, to the popularity of the “I Am a Special Force” series, to the “Airborne Blade” broadcast in the previous two years. The broadcast of these military dramas attracted the attention of the audience and also won a lot of praise.

But in the past two years, it seems that I haven’t seen a wonderful military drama broadcast. Until the previous two days, the broadcast of the TV series “The Trumpeter” once again let everyone see the military style. “The Trumpeter is in Place” is adapted from Feng Jie’s novel “Bright: Graduation and Going to Be a Soldier”. This drama is my country’s first military drama to show the style of the Rocket Army.

In previous military dramas, what we saw was the so-called “special forces” who did more. In addition, everyone has seen the air force and the navy, but only the rocket army.

So what is the Rocket Army?

Brigadier An Lei in “The Trumpeter is in Place” gave a brief definition of the Rockets and Trumpeters. He said: “The Rockets are our country’s trump card, the most lethal trump card, and the trumpeter, It is the swordsman of the Republic.” In a more professional way, the Rocket Force is the core force of our country’s strategic deterrence, the strategic support of our country’s status as a major power, and an important cornerstone of safeguarding national security. “Dongfeng Express, the mission must be achieved” has become China’s strength, China’s confidence, and China’s confidence.

This is the Rocket Army.

Now, we need a TV series on the theme of the Rocket Army, so that more audiences can understand the Rocket Army, and “The Trumpeter is in Place” is just such a TV series. The play tells the story of a group of college students joining the barracks, joining the Rocket Army, and eventually becoming a qualified trumpeter.

At present, the TV series “The Trumpeter is in Place” has been broadcast on Jiangsu Satellite TV, and it has been launched on Youku Video. Surprisingly, on the second day of the show, it won the ratings champion at the same time that night.

Of course, “The Trumpeter is in place” can achieve such ratings, although it is unexpected, but it is actually reasonable. Because the theme of this play has never appeared before. Many viewers are naturally interested in this show because they are curious about the Rocket Army.

Moreover, the theme of “The Trumpeter is in Place” is not only a theme that has never appeared before, but many of the equipment in the play are also invisible in other film and television dramas. Therefore, it is hard not to be interested in this drama.

In addition to the novel and eye-catching subject matter, the overall quality of The Trumpeter is also very good. It can be seen from the few episodes that have been aired so far that the plot is compact and the rhythm is tight. In the first episode, recruits enlisted in the army, the second episode entered the standby library, and the third episode began actual combat.

In addition, with the appearance of various equipments one by one, the audience was hooked. Especially with the appearance of the standby library, many viewers said that after seeing the standby library, even their eyes were reluctant to blink.

On the Douban website, the first page of the short comment section of “The Trumpeter is in Place” is all five-star reviews, and you can’t even see a four-star review. And this kind of situation does not only appear in the short flat area. In the long-form comment area of ​​the play, the reviews with the highest number of likes are all five-star praise.

Although the number of points will gradually increase, there will definitely be four stars, three stars, two stars, and even one star. But so far, the five-star viewers are the most commented on this show.

However, although “The Trumpeter is in Place” is a rare excellent work, it is not without any shortcomings. For example, in terms of temperament, the drama lacks the kind of roughness that soldiers have on them, and lacks the iron-bloodedness and hardness that come from the army camp, and the overall texture is somewhat soft.

In addition, when it comes to personality, the personality of the male lead is also somewhat far-fetched. With a brain as powerful as the male lead, if you want to be a soldier, you must go to the National Defense University, not the lower level. It’s not that the grassroots is bad, it’s because such a strong brain can actually do more things that other people can’t do. If you only be a trumpeter, it’s a bit of a conspicuous talent to be honest.

Also, the role of the psychiatrist is actually superfluous. Because for now, this role does not have any promotion effect on the main storyline. Moreover, this character has been making trouble, reducing the realism of the whole show. The trivial matters of life will not be discussed for the time being, but in the state of wartime, when the chief military officer is missing, a psychologist stopped the current commander to harass her brutally. This situation is not an exaggeration. The battlefield situation is changing rapidly, and she entangled here for a minute or two, which is likely to lead to the loss of this war. I believe everyone knows what it means to lose a war.

Of course, although this drama has some shortcomings, overall, the advantages of “The Trumpeter in Place” far outweigh the shortcomings. It is definitely a military drama worth watching.

Share with VTC News , expert Phan Anh Tu analyzed the wisdom in Kiatisak’s tactics and explained the failure of Hanoi FC. Video: HAGL 1-0 Hanoi FC – Are you surprised by the HAGL’s preemptive strike approach? HAGL played wisely. Coach Kiatisak arranged a foreign striker and a naturalized striker in the attack, with the aim of restraining the midfielder duo of Hanoi FC. As a result, technical winger players like Van Toan and Van Thanh have space to promote their abilities. HAGL knows in advance that Hanoi FC will be impatient to attack, so they play closely, systematically and counterattack very well. After having a goal from Xuan Truong, HAGL played leisurely, very alertly and in no hurry. Therefore, the quality of the home team’s finish is very good. If you play in a hurry, HAGL can easily pass and kick, but in this match Kiatisak’s team is not in a hurry. If they lose the ball, they can reduce the tempo of the game. Thanks to the leisurely, psychological comfort and the ability to control the game very well, HAGL has played better than Hanoi FC. Brandao (white shirt) was very aggressive. Contrary to the leisurely HAGL is a rare image of haste and impatience of Hanoi FC. The visitors are having psychological problems? Looking at the whole game, HAGL deservedly won. HAGL’s approach to the match, organization of tactics and idea of ​​playing ball is completely correct. They have a computational advantage, due to being the top team in this match. HAGL is kicked at Pleiku’s home ground, ranked above Hanoi FC and has a huge cumulative score. Coach Kiatisak’s team has a stable play style, increased player confidence. Meanwhile, Hanoi FC played in a bad mood. They have to play in Pleiku, which is a very difficult soccer field. In addition, the performance of Hanoi FC is also poor, so the calculation door of this team is much narrower than that of HAGL. In the first half, Hanoi FC attacked with a long ball, then in the second half put all his strength on the kick in a way to eat, fell to the air. However, the Capital team could not solve the situation due to psychological instability. Van Quyet’s missed situation is an example. Geovane is ineffective. The Hanoi FC players are very thirsty to win and impatient in this match, contrary to the confidence of HAGL. In addition, the foreign striker of the Capital team is very poor. They can besiege the opponent, but the quality of the shots is almost nonexistent. Geovane is not a mighty striker. He is a technician, an artist, but in fact Hanoi FC has no shortage of artists. They need a brave hero to describe a sudden conflict in the penalty area like Hoang Vu Samson, Oseni, … Foreign soldiers are poor, so Hanoi FC’s stone style is also bankrupt. – Confidence is also a different factor for HAGL today and HAGL in the previous defeat to Hanoi FC? That is the difference of HAGL in today’s match. The players believed in the coach’s tactical ideas, so when the Kiatisak was successful, he became even more confident. Having confidence, HAGL can execute situations with a very high probability of success. Conversely, if the player loses confidence, how many goals the striker scores and then the lower line conceded, the player can kick with fire and enthusiasm but still will lose. HAGL defends well now. The defender’s stone line is very solid and safe, creating a feeling of peace of mind for the striker. Thus, the attacking players only need to know the chance. HAGL strikers have good technical qualities from the past, so they can promote their abilities. HAGL defensively rolled out. – Kiatisak put Cong Phuong on the bench and when the player came on the field in the 30th minute (just like the match against the HCM City club), HAGL immediately got a goal. Is this luck, or a well-thought-out tactical plan? HAGL does not take into account the times when replacing Cong Phuong. That is the replacement of the tactical waiter. Bringing Cong Phuong in, HAGL can play counterattack effectively. Cong Phuong has the ability to pass the ball, to play the ball well, to play miraculously and unpredictably. When Hanoi FC was on the rise, coach Kiatisak needed Cong Phuong to create a threat in a counterattack. This decision is purely professional. Coach Kiatisak is also very good at hand. He understands that HAGL has many computational advantages, while Hanoi FC is in a difficult position without the staff. Cong Phuong is an unpredictable player. – Has HAGL had enough time, advantage, and humanity to compete for the throne? HAGL has good players, human quality is appreciated. After many years, the player’s experience has also increased a lot. They are more confident and mature. Coach Kiatisak also came to HAGL at the right time when the player entered the field, reaching a nine-year career, just like when Coach Park Hang Seo took over Vietnam. If Kiatisak came 3 years ago, HAGL is not as sure as it is now. At this time, HAGL has a mature, closed force, built with a very stable overall gameplay, instilled to each player. Every position on the field feels confident, understanding that doing the right tasks assigned by the coaching staff is successful. That gives HAGL great confidence. In addition, the HAGL force replaced very well, although replacing Tuan Anh, Viet Hung, and Quang Nho, the Nui Street team still showed this style of play. Of course, the star player will have better handling than a normal player, but Kiatisak’s students understand that if they keep doing the right direction, the team will have good results. HAGL is a potential candidate for the championship. They deserve this position. Thank you for the conversation!

A few days ago, “Xiaohe De”, known as the sister chapter of “Xiao Huanxi”, was launched. It has already seen a burst of light in just a few episodes, and is expected to be comparable to “Xiao Huanxi”.

The TV series “Little Willingness” is starring Song Jia, Tong Dawei and others, focusing on the story of children’s “small rise” stage.

The issue of entering school and going to school has always been a hot topic in society, and it is easy to resonate with the audience. From this point of view, the show has an advantage in the entry point.

At the same time, the drama also has a dark line of family entanglement that goes hand in hand, becoming the main contradiction of the drama. The small third stepmother, who is the central figure in the contradiction, has also successfully attracted attention.

In the play “Little Will”, the role setting is due to the upper position of the junior third, which caused the tragedy of the family separation of the heroine played by Song Jia, but at the insistence of his father, he had to maintain with the minor third and the third daughter Tian Yulan played by Jiang Xin. The surface is peaceful, and we often have dinner together.

Mention of the word “xiaosan” is almost a must-have option in the themes of family dramas or urban dramas.

Unlike most of the works in which the third person is a young girl, in the new play “Little Will”, the identity of the junior is added to the elders, making it the source of the conflict between the two families.

In the play, Xiaosan Cai Juying is played by a powerful actor Wu Yufang. She appears as a junior, but she is incompatible with fashion when she wears it. Interacting with her husband and her biological daughter Nan Li is always cautious and flattering. A typical image of a successful middle-aged junior.

She is very hardworking, and she can’t even see her own daughter in her forbearance, but nevertheless, because of her identity as a junior, Cai Juying’s role is to make the audience not like it.

Moreover, because of her mother’s ugly past, her daughter was looked down upon by her in-laws.

In the follow-up plot, Cai Juying staged a scene of “swearing on the street” with “one cry, two troubles and three arms” when facing Teacher Zhong. Coincidentally, she was also hit by Nan Li, played by Song Jia, and greatly harmed her biological daughter Tian Yulan. His self-esteem led to the outbreak of mother-daughter conflict.

Cai Juying, played by Wu Yufang, can be said to be the most unpleasant role in the whole play so far.

Being guarded by her husband, despised by her biological daughter Tian Yulan, and shameless by her husband’s biological daughter Nan Li, the sentence “I am an uneducated old lady, what kind of face do I want” even more irritated the audience.

However, I have to admit that the acting actor Wu Yufang is really superb.

The performance in “Little Willingness” is not the first time Wu Yufang has been a “mother” to a female celebrity, she is a real star mother professional.

Previously, in the hit drama “The Golden Years”, Wu Yufang worked with Liu Shishi to perform the role of his mother, Mrs. Jiang, in the play.

Contrary to Cai Juying’s personality, Mrs. Jiang in “The Golden Years” is a well-knowledgeable wife, elegant and virtuous and calm in her daily dress.

In contrast, it’s hard to believe that two such successful roles are performed by one person.

Wu Yufang not only played the graceful, noble, virtuous and courteous wife, but she could also cast aside the baggage of appearance and act as an uncultured middle-aged woman who was disregarding her face. This is the strength of the old drama and deserves young actors. Learn.

In fact, as early as when Wu Yufang was young, she was a smash hit and won the Hundred Flowers Award as a queen. Later, she won the Golden Rooster Award for Best Supporting Actress in the film “Send Me to the Blue Clouds” with Yao Chen.

Multiple reputations have also confirmed that Wu Yufang’s acting skills are indeed excellent.

However, looking at her previous glory and looking at her current situation again, people can’t help but feel embarrassed.

However, Wu Yufang has his own set of rules of the performing arts circle.

When it comes to middle-aged actresses, “age crisis” is almost always an inevitable issue.

But playing the same type and different ways of acting like Wu Yufang is a good strategy to break the crisis.

Middle-aged actresses generally exist in the form of supporting roles in their works, but as long as the characters have bright spots, they are easy to be noticed by the audience.

Now 58-year-old Wu Yufang can be said to be like a duck in the middle-aged mother circle role. The confidence she relies on is her superb acting skills.

With this strength, even if it is difficult to become as popular as a young man, Wu Yufang will still be the “sweet rice cake” in the “middle-aged mom circle actor”.

Whether it’s Mrs. Jiang in “The Golden Years” or the middle-aged junior Cai Juying in the new drama “Little Will”, Wu Yufang has had unfortunate marriages in these two dramas, but Wu Yufang’s life outside the drama is exactly the opposite.

Wu Yufang’s husband is the world champion Jiang Jialiang, and the two are not low-profile in their respective fields, but because both sides are relatively low-key types, there are few news about the two on the Internet.

Perhaps this is why it is difficult for Wu Yufang to return to his former peak popularity in the performing arts circle.

But for Wu Yufang, who is already a winner in life, I am afraid that popularity is no longer her goal.

Do you like Wu Yufang’s performance?

Haaland, Kane, Mbappe and Messi (from left).

After PSG defeated defending defending champions Bayern Munich in the quarter-finals of the Champions League 2020/21, superstar Neymar announced he would stay and extend his contract with the French team. This move shows the Brazilian has confidence in PSG’s European dominance for many years to come.

But not only Neymar, but Mbappe may also agree to stay in the Prince’s Park if PSG wins the championship. Club president Nasser Al-Khelaifi announced that both Neymar and Mbappe would remain in the French capital.

And if his statement comes true, it will cause a massive backlash across Europe. Mbappe is one of the hottest transfer targets in Europe alongside Dortmund’s Erling Haaland.

Both are pursued by top clubs like Real Madrid, Man United and Man City. If Mbappe signs a new contract with PSG, these teams will have to focus on competing for Haaland.

Then the price of the Norwegian striker will increase much more than the £ 150 million offer price that Dortmund are offering. MU and Man City are likely to not be able to afford it and only Real is able to recruit.

The two Manchester teams will have to turn to Tottenham striker Harry Kane. However, Rooster would not want to sell him to a Premier League opponent. They are currently shouting for Kane up to £ 175 million for clubs outside of England.

One of the football teams mentioned is Barcelona. The Catalan team also pursued both Mbappe and Haaland. But if the other two players have a decision about the future, the Blaugrana can turn to Kane.

Barca needs a new superstar in attack because captain Lionel Messi wants to leave this summer. The Argentine superstar was hoping for a reunion with Neymar and with the Brazilian staying at PSG he could join the French team.

This is the first time in many years that Hoang Anh Gia Lai has hosted Hanoi FC as the top team of the V-League.

If Hoang Anh Gia Lai does not win the V-League 2021, they do not know when they will be able to add a third star to the chest as coach Kiatisuk’s dream when receiving the vote of Germany to return to his second homeland. . The Thai strategist is in the hands of self-determination and never felt that the German football team was just as good and lucky as the present, the converging factors to bring them to the top of glory this season.

What happened in Pleiku in the last 9 round reinforces the opinion of experts about the ups and downs of football. From seeming to have to accept a draw as a loss, Hoang Anh Gia Lai was able to decide the victory at the moment of dramatic to suffocating. This makes the Hoang Anh Gia Lai brand more attractive and the fans pay more attention.

The team of “Zico Thai” was ice on top of the V-League, but they had to beat the defending National Cup champion to come closer to the 2021 V-League championship. V-League champion Viettel in round 5 and now, they need to confirm their strength by 3 points against Hanoi FC. Bau Hien has never seen his team decline as it is after decades of domination at the top. And it also took 7 years, under the strategic talent of Kiatisuk, Hoang Anh Gia Lai to see his golden childhood every day.

Hanoi FC only beat Hoang Anh Gia Lai, hoping to get closer to the top 6, thereby continuing to dream of racing in the remaining 8 matches of the season.

The capital team has just regained a little morale after winning Than Quang Ninh, but for observers, it is not enough when the opponent has seriously weakened before the ball rolled because of internal problems. Hoang Anh Gia Lai is really a heavy measure for the revival of coach Hoang Van Phuc. And vice versa, Hanoi FC may be Hoang Anh Gia Lai’s biggest challenge on the way to win the first leg and possibly the entire 2021 season.

Hanoi FC is being supported by history when it is unbeaten in Pleiku in the last 3 years. V-League 2019, the two teams drew both rounds from the V-League to the National Cup, but Hanoi FC still eliminated Hoang Anh Gia Lai when playing the cup to win the championship. In 2018 and 2020, Hanoi FC beat Hoang Anh Gia Lai all 4 times with a total score of 17-3.

But the peak cycle of Hanoi FC is actually showing signs of decline from 2020 to this year. And the departure of coach Chu Dinh Nghiem is a strong shock to Hien’s ambition to return to the top of the V-League.

The intense schedule in the context of epidemics and the urgent need for the national team to focus Hanoi FC struggled right from the starting line. The process of recruiting foreign soldiers of Hanoi FC was problematic and when the fortunes were not supported, it can be seen that the injury, the decline of the pillars made everything drift too far out of the reach of elected Hien.

Hoang Anh Gia Lai is showing effective football and defying every defense. Although actively defending, the opponent was also pierced by Hoang Anh Gia Lai by the shine of the stars or luck nearby. With the number of goals lost (6) less than 3 times the number of goals, Hoang Anh Gia Lai is leading the V-League. When Hanoi FC did not have time to “patch” foreign soldiers and recover, Hoang Anh Gia Lai had the advantage of promoting the maturity and uniform performance of the whole squad.

If he wins Hanoi FC at this time, Hoang Anh Gia Lai can “hit 2 targets with 1 arrow” when approaching the championship, again causing his heavy competition with him out of the top 6 right after the first leg.

Experts predict that Hoang Anh Gia Lai with the current relegation officially relegated, they need to win 5 more home games, the throne will come to Pleiku again after 17 years of waiting. There are many motivations for coach Kiatisuk’s teachers and teachers and if Hoang Anh Gia Lai does not beat Hanoi FC at this time, there will be a long wait.

On the morning of April 15, the Vietnam Chamber of Commerce and Industry (VCCI) coordinated with stakeholders to publish the Provincial Competitiveness Index (PCI). This is the 16th time this indicator has been published.

VCCI President Vu Tien Loc recalled: “At that time, PCI was a strange story. Many people oppose the PCI, there are localities that do not accept the PCI results. But, PCI is not alone. The government has cheered and supported the PCI. Locals found in the PCI useful lessons. The media joined hands to spread the PCI’s reform messages. And business community (DN) stick with PCI ”.

PCI over the past 16 years has contributed to a change in thinking, bringing about a positive change in the government’s attitude towards the private sector. The role of the Business Associations is emphasized to join hands in reforming, promoting dialogue, public-private cooperation and monitoring the implementation of policies of the government at all levels.

PCI 2020 announcement ceremony in Hanoi recognized Quang Ninh for the 4th consecutive time at the top. Photo: Chan LUAN

“More importantly, the PCI is a measure of the government’s action. PCI promotes substantial activities to improve the quality of operations and create a favorable business environment based on the evidence from the PCI results, ”said Mr. Loc.

With the year 2020, the raging COVID-19, the whole country has difficulty, but there are still nearly 12,300 enterprises participating in the PCI survey.

“Congratulations Quang Ninh, this year, once again, has surpassed itself and firmly established the“ champion ”position in the PCI rankings for 4 consecutive years. Quang Ninh is also the only province among 63 provinces and cities to pass the 75-point mark in the PCI results since 2010, ”said Mr. Loc.

He also did not forget to congratulate the “top 10” provinces such as Dong Thap, Long An, Binh Duong, Da Nang, Vinh Long, Hai Phong, Ben Tre, Hanoi and Bac Ninh.

According to the PCI 2020 results, Ho Chi Minh City is not among the 10 provinces with the highest index, but ranked 14th. This is also the position of Ho Chi Minh City in the PCI 2019, lower than the years 2018 and 2017.

The results of the PCI can be seen that in the past 5 years, enterprises have assessed the government more positively, the unofficial costs have been reduced, businesses also put greater confidence in the legal institutions and the situation. security and order in the localities. Discrimination among economic sectors, which caused pain many years ago, has decreased significantly and the business environment has become much more equal than before.

PCI 2020 Rankings

“In addition to areas with much progress, reform activities should be paid more attention in some troublesome areas such as land, tax and social insurance … Enterprises also expect governments at all levels to increase. more transparency and accountability, ”said Mr. Loc.

According to the PCI, 25% of enterprises said that the locality favored SOEs, causing difficulties for private enterprises; 33% of enterprises think that the government still favors FDI enterprises. Still 40% of businesses are not ready to use the court to settle economic disputes.

Nearly 45% of enterprises said they had to pay informal fees; 54% of enterprises think that the phenomenon of corruption still exists, 20% of enterprises evaluate that state officials are ineffective and unfriendly in handling their work and also up to 3% of enterprises report that each year they are still denied check more than 5 times.

Mr. Loc said, the XIII Congress of the Party has determined “to create a favorable, healthy and fair business investment environment for all economic sectors to promote innovation”, so in 5-10 Next year, the development and implementation of institutions will be one of the key priorities in promoting breakthroughs.

“And the enterprise community has a responsibility to contribute to promoting these institutional breakthroughs”, Mr. Loc said.

16 years on a tireless journey

150,000 times, businesses have deposited their beliefs and recommendations in the surveys of the PCI. PCI is proud to have become a responsible voice of the business community.

In the series of Resolutions No. 19 and Resolution No. 02, the Government has asked localities to make efforts to improve the PCI.

Resolution of the Party Congress of most provinces and cities has stated the requirements for improving the PCI index in the next 5-year term. PCI is proud to contribute to the reform process in localities in Vietnam.

This is the information given at the announcement ceremony of the PCI 2020 Annual Report of the Provincial Competitiveness Index by the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the United States Agency for International Development (USAID). held this morning, April 15, in Hanoi.

With a combined PCI score of 75.09 points in 2020, Quang Ninh is the leading province in the PCI in 2020. Increasing 1.69 points of synthetic PCI compared to the previous year, Quang Ninh has surpassed itself to establish 1st place in the PCI Ranking for 4 consecutive years. Not only that, Quang Ninh is also the only province among 63 provinces and cities that surpassed the 75-point mark in the PCI results since 2010.

With a score of 72.8, Dong Thap holds 2nd place in PCI 2020.

Long An reached 70.37 points and ranked third in PCI 2020, an increase of 5 levels compared to 2019.

The next provinces in the top 10 provinces and cities of the PCI 2020 are Binh Duong (70.16 points), Da Nang (70.12 points), Vinh Long (69.34 points), Hai Phong city (69 points). , 27 points), Ben Tre (69.08 points), Hanoi City (66.93 points) and Bac Ninh (66.74 points).

In this list, Binh Duong had the strongest improvement with an increase of 2.78 points and 9 ranks compared to the results in 2019, with positive assessments of businesses on market entry (up 1.22 points). and business support (up 0.91 points). “This is the result of Binh Duong reviewing and completing the one-stop shop for enterprise registration and settlement of investment procedures; implementing publicly and transparently mechanisms, policies, processes and administrative procedures for enterprise registration, investment registration and strengthening coordination between branches and levels in attracting and managing projects invest; support to create favorable conditions and solve problems so that projects can be quickly deployed into production and business ”, Mr. Dau Anh Tuan, Project Director of the Provincial Competitiveness Index Project, Head of the Legal Department , Vietnam Chamber of Commerce and Industry said.

PCI 2020 report is built based on feedback from nearly 12,300 enterprises (DN), of which over 10,700 private enterprises are operating in 63 provinces and cities and nearly 1,600 foreign-invested enterprises ( FDI) is operating in 22 localities in Vietnam.

Announcement Ceremony of the Annual Report of the Provincial Competitiveness Index 2020

The PCI 2020 survey shows that the quality of economic governance at the provincial level in Vietnam tends to improve over time. The positive movements recorded include continued decline in informal costs, continued security and order, more dynamic and proactive provincial governments, and significantly improved administrative reform. business school is increasingly equal. However, the survey results show that the provincial government needs to drastically improve the transparency of the business environment, improve the quality of enforcement of the grassroots government system, and continue to promote reforms. administrative procedures and reduce the burden of inspection and examination for businesses, continue efforts to cut down on unofficial costs for businesses.

“2020 is a particularly difficult year for Vietnamese enterprises due to the impact of the Covid-19 epidemic. Covid-19 has had a negative impact on the operations of enterprises on a large scale, in almost all industries, in all regions of the country, seriously affecting the decrease in revenue and profit of enterprises in the country. last year. Enterprises also had to cut the workforce. State policies supporting enterprises to overcome Covid-19 have practically uneven impacts, some policies have high practical effects such as tax deferral and extension of land rent … “, PhD. . Vu Tien Loc, Chairman of VCCI said.

However, the PCI 2020 survey results show a relatively high degree of adaptation of Vietnamese businesses to the epidemic. The survey results of FDI enterprises in 2020 show that Vietnam continues to be considered an attractive investment destination, with the advantage of stable politics, more open administrative procedures, inspection, examination and spending. Unofficial fees have decreased. Foreign investors expect Vietnam to continue to control corruption, improve the quality of public service delivery, improve the system of procedures, regulations and drastically upgrade the quality of infrastructure./.