Close to the limit of insolvency According to the director of Sao Viet car company, production and business revenue is almost zero, but every day still has to bear countless expenses such as bank interest; rent for factories, warehouses, salaries to support officials, employees, drivers; road maintenance fees … A series of passenger transport enterprises are in the “swallowing” scene. “Before the epidemic, on average, each month we spent about 3 billion dong on salaries and bonuses for drivers and employees. However, today, even though there is no revenue, we still have to “burden” nearly 1 billion dong/month “- Mr. Bang stated. Not only road transport, the air transport market has suffered the most severe decline ever, prompting the Ministry of Planning and Investment to issue a warning that the solvency of enterprises is declining close to the limit of insolvency. maths. For example, the national airline of Vietnam (Vietnam Airlines), it is expected that the loss of the first quarter of 2021 will be at VND 4,800 billion and in the first six months of the year may reach VND 10,000 billion. Currently, the amount of overdue debt has reached VND 6,240 billion and is in a very difficult situation. Vietnam Airlines has more than 9,000 employees who are on unpaid leave and temporary suspension of labor contracts. Most transport businesses are facing great difficulties due to the Covid-19 epidemic Vietnam Railways Corporation (VNR) also lost 50% of passenger transport revenue in the past 5 months due to people restricting travel, the railway industry had to cut many passenger trains. Mr. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said that the number of passengers decreased by 80%-90%, revenue fell seriously, and workers’ lives were difficult. A series of taxi companies are facing the risk of bankruptcy, and bad debts are at high risk of increasing in the banking system. Therefore, recently, the Taxi Associations of Hanoi, Da Nang and Ho Chi Minh City have jointly signed a document to send to the Prime Minister, proposing to support taxi transport enterprises to overcome difficulties before the Covid-19 pandemic. Proposing many solutions Facing the above situation, the Prime Minister has just assigned the Ministry of Transport to consider and propose policies and solutions to support passenger transport enterprises facing difficulties due to the Covid-19 epidemic. to border gates and between regions in the domestic market. According to Mr. Tran Bao Ngoc, Director of the Transport Department (Ministry of Transport), since the outbreak of the epidemic, the Ministry of Transport has proposed policies and solutions to support transport enterprises in difficulty. Regarding the solution to remove the vehicle inspection cycle, Mr. Ngoc said that the Ministry of Transport is amending Circular No. 70/2015 in the direction of adjusting the inspection cycle of passenger cars of all kinds up to 9 seats with transportation business. , adjusted from 18 months to 24 months for the first cycle and from 6 to 12 months for the recurring cycle. In addition, the Ministry of Transport also proposed that the Government delay the time of sanctioning transport enterprises that do not install surveillance cameras due to the impact of the Covid-19 epidemic. Regarding the proposal to exempt road maintenance fees until the end of this year, Mr. Ngoc said that in order to remove difficulties for those affected by the Covid-19 epidemic, Circular 112/2020 of the Ministry of Finance allows to reduce collect road user fees from January 1 to June 30, 2021. “The Ministry of Transport has proposed to the Government to reduce value-added tax to 0%, reduce 50% of corporate income tax for industries seriously damaged by the epidemic. Besides, delay payment of tax amount for 6 months for 6 months. arrears until December 31, 2021 and there is no fee for parking, parking and picking up passengers at the airport, train station, port and 50% discount on service prices through the bus station for passenger cars. sign for new registered vehicles for transport business until December 31,” said Mr. Ngoc. It is still difficult to access support policies As a large passenger transport enterprise in Quang Ninh province, Mr. Doan The Xuyen, director of Phuc Xuyen Co., Ltd., said that the company has over 300 vehicles that have stopped working but still have not been exempted from road maintenance fees because of cumbersome procedures. . For example, to be exempted under the regulations of the Ministry of Finance, the vehicle must stop working for 30 days or more, then return the badge and be certified by the Department of Transport. “You can stop for less than 30 days to be able to run again, then you have to apply for a new badge. Many businesses still have to pay even though the car is not running because they are afraid of procedures,” said Xuyen.

The Digital Transformation Manual for businesses has just been officially published. (Source: Ministry of Planning and Investment) This Guide was developed by experts from the Program to support businesses in digital transformation for the period 2021-2025 of the Ministry of Planning and Investment, in collaboration with the USAID LinkSME Project. According to experts from the Program to support businesses in digital transformation for the 2021-2025 period of the Ministry of Planning and Investment, the digital transformation roadmap for small and medium enterprises (SMEs) in Vietnam is recommended through the following: the following common stages: the preparation phase and the 3 stages to make the gradual transition from “doing digital” to “being digital”. These stages are relative, depending on the actual situation, goals and potentials of each enterprise, they can be implemented in parallel or in succession. Specifically, as recommended by experts, the preparation phase is to define digital transformation goals and strategies. State 1 , apply digital transformation of business models such as: Applying digital technology (CNS) to expand the system of distribution channels, marketing, sales and improve the efficiency of customer care activities, forming Experience customer; Step by step applying digital technology to the supply chain (connecting inventory management, production, input purchasing); Applying digital technology to accounting and finance operations; Building a common database framework on business, supply and accounting; Develop business and data security policies and apply security tools… Phase 2 ,focusing on digital transformation of management models, including production processes and technology processes, such as: Completing the governance model and defining integrated data requirements for the next step; Building and perfecting the governance model from organizational structure, people, policies and processes to all functional areas of the enterprise; Develop management indicators (KPI/OKR) and management reporting system, and database requirements; Identify requirements for comprehensive digital transformation and integration purposes; Apply CNS to the management reporting system; … Stage 3, Connecting business and administration, innovating to create new products and services such as: Applying CNS to gradually connect existing systems into a seamless information system from business to enterprises corporate governance; Building a common database in the entire enterprise; Invest in innovation (R&D) to drive changes in products and services and continuously upgrade existing systems; Applying new CNS to ensure information safety and network security for data of the whole enterprise. According to aggregated information from the Guidelines, the Cisco & IDC 2020 Report on the digital maturity of SMEs in 14 countries in the Asia Pacific region shows that 31% of businesses are in the digital maturity stage. the first stage of digital transformation, down 8% compared to 2019; 53% of businesses are in the next stage (“Observer” – “Observation”), up 3% compared to 2019; 13% of businesses are in the “Challenger” stage and 3% of businesses are “Mature” (“Native”), up 4% and 1% respectively compared to 2019. That shows that SMEs are mainly still learning and at the beginning of digital transformation. In particular, according to the Enterprise Development Department (Ministry of Planning and Investment), this is the first document that summarizes the map of technological solutions, independently evaluates the overview of the advantages and disadvantages of the different technologies. solutions, compare the readiness of domestic and international solutions in the Vietnamese market for businesses to consult and find the most suitable solution for their business conditions. The program to support businesses in digital transformation in the 2021-2025 period is chaired by the Ministry of Planning and Investment and coordinated by the United States Agency for International Development (USAID). The program aims to achieve the goal that by 2025, 100% of businesses will have increased awareness of digital transformation; At least 100,000 businesses receive technical support on digital transformation; At least 100 businesses are supported as typical successful digital transformation models to spread and replicate; Establishing a network of experts including at least 100 organizations and individuals consulting, providing solutions to promote digital transformation for businesses, and supporting the development of digital platforms. Enterprises can refer directly at http://ebook.business.gov.vn./.

Produced | Sohu School of Business

Edit | Xu Xiaoqi

Chief Editor | Wang Demin

According to data from the Prospective Industry Research Institute, from the perspective of the proportion of sports brands at home and abroad, from 2010 to 2019, among the top 20 brands in terms of market share, the penetration rate of foreign brands is on the rise, while the penetration rate of domestic brands is on the decline. However, outstanding local brands represented by Li Ning, Anta, and Xtep are accelerating their rise.

SKECHERS China, South Korea and Southeast Asia CEO Chen Weili said in an interview with Sohu Business School “Achieving 100 People” that international brands have two advantages. The first is that the market is open to the whole world, and the supply chain is stronger. Second, product sales are more stable, with sales channels reaching more than 100 countries.

“but The advantage of domestic brands is to understand China, this advantage is very powerful . To this day, I don’t think I understand China. “Chen Weili said frankly.

In his opinion, the founders of Anta and Li Ning were both born in China, and he has only been in China for more than a decade. Although I am also working hard to understand China, the depth is still not enough. Therefore, multinational companies must use Chinese thinking to manage their companies.

Talking about the future, Chen Weili said, After the epidemic, all industries must be shuffled, Because consumer preferences have changed. But the reshuffle of the sports industry is not too obvious . However, some brands will have operational and inventory pressure, which is also an opportunity for brands, and they have the opportunity to occupy more market shares.

He said that under the epidemic, All brands are looking for new outlets and growth points, which are helpful to the improvement of the entire industry. Only by continuing to abide by laws and regulations operating in China, strengthening corporate governance, and being a brand that respects China and that Chinese consumers love, can there be more lasting development.

1. Follow the policy and continue to promote the “incremental expansion, quality improvement and cost reduction” of inclusive finance

In terms of “increment”, as of April this year, Zhuhai Bank of China Inclusive Finance (statistical caliber: small and micro enterprises, small and micro business owners, and individual industrial and commercial households with credits of less than 10 million yuan) loan balances were 3.578 billion yuan, a net increase of 934 million that year Yuan, an increase of 35.33%.

In terms of “expansion”, in the first April of this year, Zhuhai Bank of China’s inclusive small and micro enterprises have a net increase of 103 loan holders, a net increase of 32.19% that year. At the same time, the Bank of China in Zhuhai took the initiative to strengthen the policy transmission of the “first lender” and achieved first loans for 35 small and micro enterprises.

In terms of “quality improvement,” BOC Zhuhai optimized credit conditions, increased credit and medium- and long-term loans, and effectively reduced the pressure of guarantees and repayments for small and micro enterprises.As of Aprilend, The bank’s inclusive small and micro enterprise credit loan balance was 1.428 billion yuan, a net increase of 51.11% that year; the inclusive small and micro enterprise’s medium and long-term loan balance was 1.406 billion yuan, a net increase of 73.79% that year.

In terms of “cost reduction”, Zhuhai Bank of China implemented a loan-and-repay, daily-calculated interest calculation rule for inclusive small and micro enterprises, and provided interest rate concessions for companies that comply with the inclusive financial rules.In the first 4 months, the annualized interest rate of inclusive small and micro enterprise loans issued by the bank was higher than that of the previous year.endContinue to steadily drop by 0.38 percentage points.

2. Tailor financing schemes for small and micro enterprises of science and technology innovation in accordance with local conditions

Based on the characteristics and advantages of the local technology and innovation industry and high-end talent pooling, BOC Zhuhai closely focuses on the “14th Five-Year Plan”, “Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline” and Zhuhai’s “5+1” industrial layout plan, targeting high-tech enterprises , Technology-based enterprises, and “specialized, special-new” enterprises took the lead in launching the “Zhuhai Science and Technology Innovation Loan” series of products, and innovatively launched the “Zhuhai Yingcai Loan” around the “Zhuhai Yingcai Plan”.These characteristic products abandon the traditional credit concept of “look at the bricks (collateral)”, and use pure credit, equity pledge, intellectual property pledge, government risk sharing and other methods to provide high-tech content and lightassets, Start-up small and micro enterprises provide convenient and flexible financing solutions.

Since September 2020, Zhuhai Bank of China and Zhuhai Municipal Bureau of Industry and Information Technology have jointly implemented the “Cultivation and Development” jointly formulated by Guangdong Provincial Department of Industry and Information Technology and Guangdong Bank of China.Strategic industryCluster Exclusive Financing Service Program”, launched six series of products, including “Strong Chain Loan”, “Extended Chain Loan”, “Supplementary Chain Loan”, “Smart Loan”, “Park Loan”, and “Chuangke Loan”. Provide support for the high-quality development of the manufacturing industryGuarantee.

Based on the innovation of product and service solutions, BOC Zhuhai has also cooperated with Zhuhai Municipal Bureau of Industry and Information Technology, Zhuhai Municipal Science and Technology Bureau and other government units in recent years. 11 special platforms were held on the theme of “Corporate Financing and Smart South Guangdong Tour”activity, To provide comprehensive services of “policy guidance + financing support” for more than 600 small and micro sci-tech innovation enterprises.

Under the dual promotion of products and services, as of Aprilend, The balance of loans to small and micro enterprises in science and technology innovation of the Bank of China in Zhuhai was 1.633 billion yuan, compared with the previous yearendAn increase of 46.59%; the number of loan households was 326, compared with the previous yearendAn increase of nearly 32%. With the support of these loans, more than 10 companies have grown from small and micro to medium-sized, and have launched a listing plan.

3. Precise drip irrigation to enrich people’s livelihoodGuaranteeSmall and micro enterprise credit scenario

Zhuhai Bank of China closely follows policy guidance and market demand, and spares no effort to improve its impact on people’s livelihoodGuaranteeThe service capabilities of similar small and micro enterprises. After the outbreak of the new crown pneumonia in 2020, the Bank of China in Zhuhai responded swiftly and issued the first special re-loan in Zhuhai with the exclusive product of the “anti-epidemic loan”. The total number is 12FocusThe small and micro enterprises in the guarantee list issued 68.17 million yuan of special reloans, and the number and amount of special reloans issued by small and micro enterprises ranked first in the city. At the same time, it has approved a special quota of 552 million yuan for 55 small and micro enterprises related to epidemic prevention, provided 421 million yuan of special funds for 123 small and micro enterprises that need to resume work and production, and approved a special quota of more than 60 million yuan for resumption of work and school for 17 kindergartens. .

Entering 2021, Zhuhai Bank of China will give full play to people’s livelihoods such as “Medical Tongbao”, “Education Tongbao”, “Cultural Tongbao”, “Chunhui Loan”, and “Food Loan”.GuaranteeThe advantages of similar financing service scenarios have continuously expanded the scope of drip irrigation.As of Aprilend, The bank’s balance of loans to small and micro enterprises in the field of people’s livelihood was 228 million yuan, compared with the previous yearendIncreased by more than 20%. Currently, BOC Zhuhai is working with the Zhuhai Municipal Human Resources and Social Security Bureau to implement the “Promoting “Cantonese Cuisine Master”, “Guangdong Skilled Workers”, and “Southern Guangdong Housekeeping” Project to Promote Employment and Entrepreneurship Exclusive Financing Service Plan, in order to meet the needs of the modern industrial system Skilled talents are provided to solve financing problems.

4. Optimize the mechanism to improve the efficiency of inclusive financial services in an all-round way

At the level of institutional services, Zhuhai Bank of China, based on the needs of small and micro enterprises, has established 9 central sub-branches with initiation authority and 3 characteristic branches of inclusive finance throughout its jurisdiction to fully accept the financing needs of small and micro enterprises.

At the level of acceptance and approval, the Bank of China in Zhuhai cooperated with the Inclusive Finance Business Department of the Guangdong Branch of Bank of China to hold regular on-site review meetings in Zhuhai, with the theme of “branch initiation + branch acceptance + provincial approval”Level 3The linkage method integrates the pre-loan investigation, project declaration and credit approval processes in time and space, greatly improving service efficiency.

At the financial technology level, Zhuhai Bank of China will launch the inclusive financial business “online product breakthrough year” in 2021activity, Using the “Bank of China Enterprise E-Loan” series of products as a starting point, providing small and micro enterprises in different industries with diversified credit acquisition channels such as “measured by credit”, “measured by tax” and “measured by house”.

In the next stage, Zhuhai Bank of China will continue to make efforts in the field of inclusive finance, and give full play to the group’s advantages to provide local small and micro enterprises with more warm and in-depth diversified services.

1. Follow the policy and continue to promote the “incremental expansion, quality improvement and cost reduction” of inclusive finance

In terms of “increment”, as of April this year, Zhuhai Bank of China Inclusive Finance (statistical caliber: small and micro enterprises, small and micro business owners, and individual industrial and commercial households with credits of less than 10 million yuan) loan balances were 3.578 billion yuan, a net increase of 934 million that year Yuan, an increase of 35.33%.

In terms of “expansion”, in the first April of this year, Zhuhai Bank of China’s inclusive small and micro enterprises have a net increase of 103 loan holders, a net increase of 32.19% that year. At the same time, the Bank of China in Zhuhai took the initiative to strengthen the policy transmission of the “first lender” and achieved first loans for 35 small and micro enterprises.

In terms of “quality improvement,” BOC Zhuhai optimized credit conditions, increased credit and medium- and long-term loans, and effectively alleviated the pressure of guarantees and repayment for small and micro enterprises.As of Aprilend, The bank’s inclusive small and micro enterprise credit loan balance was 1.428 billion yuan, a net increase of 51.11% that year; the inclusive small and micro enterprise’s medium and long-term loan balance was 1.406 billion yuan, a net increase of 73.79% that year.

In terms of “cost reduction”, Zhuhai Bank of China implemented a loan-and-repay, daily-calculated interest calculation rule for inclusive small and micro enterprises, and provided interest rate concessions for companies that comply with the inclusive financial rules.In the first 4 months, the annualized interest rate of inclusive small and micro enterprise loans issued by the bank was higher than that of the previous year.endContinue to steadily drop by 0.38 percentage points.

2. Tailor financing schemes for small and micro enterprises of science and technology innovation in accordance with local conditions

Based on the characteristics and advantages of the local technology and innovation industry and high-end talent pooling, BOC Zhuhai closely focuses on the “14th Five-Year Plan”, “Guangdong-Hong Kong-Macao Greater Bay Area Development Plan Outline” and Zhuhai’s “5+1” industrial layout plan, targeting high-tech enterprises , Technology-based enterprises, and “specialized, special-new” enterprises took the lead in launching the “Zhuhai Science and Technology Innovation Loan” series of products, and innovatively launched the “Zhuhai Yingcai Loan” around the “Zhuhai Yingcai Plan”.These characteristic products abandon the traditional credit concept of “look at the bricks (collateral)”, and use pure credit, equity pledge, intellectual property pledge, government risk sharing and other methods to provide high-tech content and lightassets, Start-up small and micro enterprises provide convenient and flexible financing solutions.

Since September 2020, Zhuhai Bank of China and Zhuhai Municipal Bureau of Industry and Information Technology have jointly implemented the “Cultivation and Development” jointly formulated by the Guangdong Provincial Department of Industry and Information Technology and Guangdong Bank of China.Strategic industryCluster Exclusive Financing Service Program”, launched six series of products, including “Strong Chain Loan”, “Extended Chain Loan”, “Supplementary Chain Loan”, “Smart Loan”, “Park Loan”, and “Chuangke Loan”. Provide support for the high-quality development of manufacturingGuarantee.

Based on the innovation of product and service solutions, BOC Zhuhai has also cooperated with Zhuhai Municipal Bureau of Industry and Information Technology, Zhuhai Municipal Science and Technology Bureau and other government units in recent years, with “investment-loan linkage through train”, “BOC Small and Micro Enterprise Digital Credit Core Linking Heart”, and “BOC Small and Medium-Sized Enterprises”. 11 special platforms were held on the theme of “Corporate Financing and Smart South Guangdong Tour”activity, To provide comprehensive services of “policy guidance + financing support” for more than 600 small and micro sci-tech innovation enterprises.

Under the dual promotion of products and services, as of Aprilend, Zhuhai Bank of China’s loan balance for science and innovation small and micro enterprises was 1.633 billion yuan, compared with the previous yearendAn increase of 46.59%; the number of loan households was 326, compared with the previous yearendAn increase of nearly 32%. With the support of these loans, more than 10 companies have grown from small and micro to medium-sized, and have launched a listing plan.

3. Precise drip irrigation to enrich people’s livelihoodGuaranteeSmall and micro enterprise credit scenario

Zhuhai Bank of China closely follows policy guidance and market demand, and spares no effort to improve its impact on people’s livelihoodGuaranteeThe service capabilities of similar small and micro enterprises. After the outbreak of the new crown pneumonia in 2020, the Bank of China in Zhuhai responded swiftly and issued the first special re-loan in Zhuhai with the exclusive product of the “anti-epidemic loan”. The total number is 12FocusThe small and micro enterprises in the guarantee list issued 68.17 million yuan of special reloans, and the number and amount of special reloans issued by small and micro enterprises ranked first in the city. At the same time, it has approved a special quota of 552 million yuan for 55 epidemic prevention-related small and micro enterprises, provided 421 million yuan of special funds for 123 small and micro enterprises that need to resume work and production, and approved a special quota of more than 60 million yuan for resumption of work and school for 17 kindergartens. .

Entering 2021, Zhuhai Bank of China will give full play to people’s livelihoods such as “Medical Tongbao”, “Education Tongbao”, “Cultural Tongbao”, “Chunhui Loan”, and “Food Loan”.GuaranteeThe advantages of similar financing service scenarios have continuously expanded the scope of drip irrigation.As of Aprilend, The bank’s balance of loans to small and micro enterprises in the field of people’s livelihood was 228 million yuan, compared with the previous yearendIncreased by more than 20%. At present, BOC Zhuhai is working with Zhuhai Municipal Human Resources and Social Security Bureau to implement the “Promoting “Cantonese Cuisine Master”, “Guangdong Technician” and “Southern Guangdong Housekeeping” Project to Promote Employment and Entrepreneurship Exclusive Financing Service Plan” to meet the high-quality requirements of the modern industrial system Skilled talents are provided to solve financing problems.

4. Optimize the mechanism to improve the efficiency of inclusive financial services in an all-round way

At the level of institutional services, Zhuhai Bank of China, based on the needs of small and micro enterprises, has established 9 central sub-branches with initiation authority and 3 characteristic branches of inclusive finance throughout its jurisdiction to fully accept the financing needs of small and micro enterprises.

At the level of acceptance and approval, the Bank of China in Zhuhai cooperated with the Inclusive Finance Business Department of the Guangdong Branch of Bank of China to hold regular on-site review meetings in Zhuhai, with the theme of “Branch Initiation + Branch Acceptance + Provincial Bank Approval”Level 3The linkage method integrates the pre-loan investigation, project declaration and credit approval processes in time and space, greatly improving service efficiency.

At the financial technology level, Zhuhai Bank of China will launch the inclusive financial business “online product breakthrough year” in 2021activity, Using the “Bank of China Enterprise E-Loan” series of products as a starting point, providing small and micro enterprises in different industries with diversified credit acquisition channels such as “measured by credit”, “measured by tax” and “measured by house”.

In the next stage, Zhuhai Bank of China will continue to make efforts in the field of inclusive finance, and give full play to the group’s advantages to provide local small and micro enterprises with more warm and in-depth diversified services.

As a company that has been focusing on investments in the new economy for a long time, Hanergy has created a number of successful classic cases in the past, helping many companies to rapidly grow into industry leaders. In addition to JD Logistics recently, the direct recruitment of BOSS, which was just listed in the United States on the evening of June 11, has also brought huge returns to Hanergy’s investment. Chen Hong said: “Investment in direct recruitment of BOSS has earned about a dozen times.”

“Internet celebrity” products may just be a gust of wind

Chen Hong, Chairman and CEO of Hanergy Investment Group.Photo by Xue Yufei, Sino-Singapore Jingwei

As a well-known figure in the investment banking circle, Chen Hong’s entrepreneurial history began in the United States on the other side of the ocean. He started his business in Silicon Valley in 1993. In 1999, he led the founded GRIC company to land on Nasdaq. One of the Chinese entrepreneurs who led the company to go public.

In 2003, he chose to return to China to start his own business and set up the Hanergy Investment Group. Over the years, the company has invested in and participated in mergers and acquisitions of many well-known companies. For example, in the merger of 58.com and Ganji.com, Hanergy acted as the exclusive financial advisor to Ganji.com, helping it sort out the complicated shareholder background and corporate structure, and facilitate the smooth completion of the transaction; in 2011, Hanergy invested in Chinese Online, the latter of which It was listed in January 2015 and became China’s “first share of digital publishing”. Hanergy’s total investment return on Chinese online shares reached 12.34 times, with an IRR of 79%.

Currently, Hanergy focuses on investments in the Internet economy, technology, consumer and medical fields. He told the Sino-Singapore Jingwei Client: “Invest in China’s new economic industries, choose and hold those scarce resources that have good growth potential. You can withdraw part of it when you need a return, and hold the rest for a long time. In the end, the return will definitely follow. Grow with economic development.”

In 2018, Hanergy invested in JD Logistics because of its new economic attributes. Chen Hong said that JD Logistics is not a traditional logistics company. It has a strong sense of science and technology. It has many of its own things and its service quality is higher than that of its peers. JD Logistics is relatively independent, serving both JD Group and other e-commerce companies. “The scale of e-commerce companies is growing rapidly. There are always a few leading companies, so I invested.”

Speaking of the recent changes in investment trends in the Internet field, he said that since the high-speed growth period has passed, “many Internet companies may not have much growth in their daily activities.” This has led to fewer Internet-related investment opportunities than in the past, but there are still some areas that are relatively hot.

The first thing worth paying attention to is the field of corporate services. Chen Hong believes that China’s To B service enters the development period, and there will be the emergence of leading companies, and there will be growth opportunities. The unicorn that Hanergy has just invested in has a turnover of several hundred million yuan, but its market valuation has reached tens of billions of dollars.

Followed by the medical services and biotechnology industries. He estimated that based on China’s huge population base, there may be one or two medical companies with a market value of hundreds of billions or even trillions in the past two years.

In the past, new consumer areas that VCs were not interested in have also undergone many changes. For example, consumer brands such as Heytea, Bubble Mart, and Yuanqi Forest have emerged rapidly and have become popular “net celebrity” products. Chen Hong believes that this sends a signal, “As China becomes more powerful, consumers, especially young people, will gradually like domestic consumer brands.”

However, he also reminded that in the new consumer field, if a company only relies on a “net celebrity” product to make money, it is likely to be a gust of wind, and after a while, it will quickly disappear. In the past, there were a lot of similar “net celebrity” products. He also said: “If the management team has the ability to grasp a favorable market position when they are pushed up by others, and can provide more related products in their value ecosystem, they may survive. But this is not the case. Every entrepreneur can play it.”

In addition, Hanergy is also looking at areas related to “carbon neutrality”, such as new energy batteries, new infrastructure, and electric vehicles.

Investing in startups fancy the founding team

Each venture capital and investment bank has its own investment style. For Hanergy Investment, Chen Hong introduced that Hanergy will generally make a controlling acquisition of the target company with strategic investors. After the holding is achieved, it will use its resources and platforms. Empower the target company to help the company grow. This is also a common style of play between KKR and Blackstone in the world.

In 2005, Chen Hong and his partners made a huge return on their investment in Elevator Advertiser Frame Media, and later entered the Harvard Business School textbook as a case study. The business model of elevator advertising still exists today, and its positioning characteristics are conducive to precision marketing. However, at that time, the market share of elevator advertising was very scattered.

He recalled: “At that time, the company we first invested in had a turnover of 30 million yuan, and the company was insolvent. We went in and held holdings first. Within a few months, we integrated seven or eight companies that do elevator advertising in first-tier cities. Quickly occupy 70% of this market segment.”

Chen Hong said that the benefits of integrating this sub-industry are twofold. First of all, each company does not have to fight price wars, and the competition is smaller. Secondly, as the scale becomes larger and the company’s negotiation ability becomes better, the amount of an order negotiated by an advertising salesperson may change from 500,000 yuan to 10 million yuan. After Frame Media achieved rapid growth, Hanergy assisted in the completion of Focus Media’s acquisition of Frame Media as an exclusive financial advisor. Hanergy’s overall return on investment reached 93 times.

Hanergy Investment has its own criteria for the choice of specific companies. He mentioned that, firstly, it depends on whether the company has the ability to increase its own safety and use its existing market position to continuously innovate to resist risks; secondly, it depends on whether the company can lay a solid foundation in its business field.

He also said that Hanergy will not invest in companies that diversify prematurely. When an enterprise is satisfied with its current market position and intervenes in an industry that it is not good at, it may cause funds to be dispersed and ultimately fail.

In the venture capital circle, there has always been a saying that “investing money is also investing in people”, that is, the quality of the founder and founding team is fancy. Chen Hong also agreed with this statement. He jokingly said, “For start-up companies, this is the only stage that can be seen.”

Hanergy has invested in a start-up company that uses artificial intelligence to detect human breast cancer, lung cancer and other diseases. The research team basically graduated from Peking University with strong professional and technical capabilities. “We believe that with the increase of big data, artificial intelligence will be used to solve some medical problems in the future. In this field, there are many companies that are much larger than this company, but we are very knowledgeable about the technology of the company’s founding team. I admire it very much. The CEO was in charge of China’s medical business at Siemens. It’s very comfortable to talk about. We feel that the company’s people and technology are good, but it’s almost capital and channels. Hanergy was the first to invest. It became the largest shareholder and introduced the business to this company,” he said.

“Put money in” is the real challenge

Chen Hong has always had an external view that the venture capital industry is becoming more and more concentrated, and the Matthew effect is becoming more and more obvious. He also told the Sino-Singapore Jingwei Client: “Large mainstream investment companies have increasingly their own style. You have no style and it is difficult to invest in good projects. The first one is unlikely to give you this opportunity, and the second One is that you can indeed look for companies that no one is optimistic about to invest in, but there are very few opportunities to miss.”

He went on to say that more than a decade ago, it seemed that any person or company could be an investment fund. Now it is not. Investment has become more and more professional. How to systematically invest and get returns is very critical. In the future market, there will not be so many VC and PE funds.

Looking at China’s fast-growing new economic industry, there are many investment opportunities. In each industry, one or several leading companies will emerge to become future leaders. An excellent investment team must first find potential entrepreneurs. However, the biggest challenge is not here. Chen Hong said that smart people can see what a good industry and a good company are, but after finding a company, investment institutions must meet the core demands of entrepreneurs before they can invest funds. This is a real challenge to investors.

Investing in a company is a two-way choice. It is both an investment bank and an investment bank. He said: “When a company accepts investment from an investment bank, it will also look at the reputation of the investment bank and whether it can add points to the company. In addition to capital, whether it can give more empowerment to other external resources.”

For example, he said, some companies may want to connect with Internet companies to seek traffic, and non-head funds do not have much effect in this regard. And this is where Hanergy’s advantage lies. Hanergy has participated in the mergers and acquisitions of about a quarter of large-scale new economy companies in China, and has cooperated with companies such as Tencent, Alibaba, Baidu, JD.com, and Toutiao.

Investment banks are not superior, but serve enterprises with a “Party B” mentality. He said: “I ask our investment team to maintain the’Party B’mentality. When you invest in others, you also ask others to accept investment and to empower and help them. In this way, the work mentality is different.” (Zhongxin Jingwei APP)

The first dose of COVID-19 vaccine for the group, the first phase of priority subjects in Hai Phong. Photo: An Dang/VNA Too many clues but still confused At working sessions, representatives of grassroots trade unions all said that during the COVID-19 epidemic prevention and control period, relevant units and departments required establishments to provide too much duplicate information. Ms. Tran Thi Thuy, Chairman of the Trade Union of Greating Fortune Conainer Joint Stock Company (Dinh Vu Industrial Park), said that at times of complicated developments in the COVID-19 epidemic, every day she received a request to report from many different governing bodies on the same content. In some cases, the unit sent a report by email, but the state management agency did not respond to the receipt, and then requested to send an official letter with a fresh stamp recognizing it as a valid document. According to Ms. Thuy, in addition to trade union work, cadres like Ms. Thuy also have to undertake professional work at the enterprise. Therefore, the overlap in direction has created great pressure for those who are concurrently. In addition to the problem related to the report, the representatives of businesses also suggested to the departments and branches of Hai Phong city that the city’s functional agencies need to have a reasonable plan in the large-scale testing and screening. with workers. Ms. Dao Thi Thu Trang, Chairman of the Trade Union of Nam Dinh Vu Industrial Park, said that many businesses in the industrial park think that testing and screening 50% of the employees in the business is only a temporary solution. , because it is likely that among those who have not been tested there are also risk factors. Moreover, when workers have tested negative, they themselves will be subjective in epidemic prevention and control. Regarding the development of scenarios to respond to the COVID-19 epidemic, a representative of Dai Duong Electronics Company Limited (An Duong Industrial Park), said that during the screening test, the company had 5 suspect sample. As soon as they heard the information, the company’s partners from food and drink suppliers to other delivery units refused to deliver and receive goods for epidemic prevention and control. Meanwhile, thousands of employees have to stay at the company to wait for test results. Although there was a scenario of epidemic prevention and control before, the company was very confused to respond, not knowing which unit to call first to seek support. Need consistency in planning kế According to representatives of businesses, in order to remove obstacles about information focal points, state management agencies related to companies in economic zones and industrial parks need to have a connection in accessing documents and numbers. information content. Ms. Le Thi Thu Giang, Chairman of the Trade Union of Cheveron Lubricants Vietnam Co., Ltd., said that during the epidemic, all needed urgency, accuracy and efficiency. Therefore, the receipt of information reported through online channels of state management agencies must be recognized as official information. Agencies such as tax, economic zone management board, and trade union need to build a common software to receive and process documents to save time for both the receiving unit and the information processing unit. . To ensure the health and safety of workers, all businesses have suggested that the Hai Phong city government and the Government should prioritize the source of vaccines for workers at businesses. This will ensure 2 benefits, both saving costs for businesses and ensuring effective epidemic prevention and control. A representative of an enterprise said that each combined test sample costs more than 350,000 VND, if each enterprise has to test 50% of its employees, businesses with a large number of workers have to spend billions of dong to test. screening while this job is only temporary, while some businesses are in a very difficult period due to the impact of the COVID-19 epidemic. On the other hand, foreign-invested companies will have to report to the parent company a lot of content related to financial issues. Therefore, the directions on testing or vaccination need to agree on the number and time for businesses to have grounds to report. Receiving opinions from representatives of grassroots union presidents, Chairman of the Hai Phong Confederation of Labor Tong Van Bang said that the city’s Confederation of Labor would make specific reports to the city’s leaders, and at the same time requested relevant units to promptly handle problems to remove difficulties for businesses while still ensuring the requirements of disease prevention and control.

. On the morning of June 15, the delegation of the Provincial Party Committee led by Mr. Ha Quoc Tri – Deputy Secretary of the Khanh Hoa Provincial Party Committee, Head of the Steering Committee 03 had a working session with Khanh Son District Party Committee on the development of the Party and the Youth Union. in private economic units. According to the report of Khanh Son District Party Committee, currently, in the district, there are 10 enterprises operating in the fields of construction, petroleum trading, restaurants, etc., with a total of 126 employees. Over the past time, the Standing Board of the District Party Committee has always paid attention to leading and directing the working group to develop the party and mass organizations in the district’s private economic units to regularly review and screen eligible businesses. to form party organizations and unions. Among 10 private economic units, up to now, Phuong Dai Private Enterprise has established a party organization. It is expected that in 2022, TNT Khanh Son Environmental Urban Company Limited will develop a party organization. Currently, the Standing Board of Khanh Son District Party Committee continues to direct Task Force 274 to review the number of employees working stably at enterprises, consider and foster and develop party members. Mr. Ha Quoc Tri spoke at the meeting with Khanh Son District Party Committee. Speaking at the meeting, Mr. Ha Quoc Tri directed, Khanh Son District Party Committee should focus on leading and improving the quality of party activities in enterprises that have developed party members; improve the input quality of party members; continue to do well in mass mobilization, especially for party members at enterprises. In addition, the District Party Committee needs to have an annual plan for the development of the party and mass organizations at enterprises. . In the morning of the same day, Mr. Ha Quoc Tri and members of the delegation worked at Phuong Dai Private Enterprise. According to the report of Phuong Dai Private Enterprise Branch, at the end of December 2015, the branch was established with 3 party members. Over the past time, the branch has always closely followed the leadership and direction of the Party Committee, the actual situation of the branch to implement the tasks of the unit. In the first 6 months of 2021, the branch has developed 1 party member, it is expected that in the last 6 months of 2021 the unit will develop 2 more party members. At the meeting, Mr. Ha Quoc Tri noted that the enterprise has paid attention to the Party development work in the unit. Mr. Ha Quoc Tri suggested that, in the coming time, business leaders should continue to pay more attention to the development of the Party in the workforce, while consolidating and improving the quality of the cell. Mr. Ha Quoc Tri also asked Khanh Son District Party Committee to create conditions for Phuong Dai Private Enterprise Branch to continue developing new party members in the coming time. Jackie Chan

Specifically, when a state-owned enterprise is equitized, it is responsible for making a report on the current state of land management and use of the enterprise currently managing and using it up to the time of enterprise valuation and sending it to the owner. approval management. The contents of the report include: Total area, number of land plots being managed and used in each commune, ward, town and assets attached to each land plot; Forms and areas of land use according to each form include: The State allocates land without collecting land use levy; The State allocates land with collection of land use levy; The State allocates or leases land with exemption from land use levy and land rent; The State leases land with a one-time rental payment; The State leases land with annual rental payment; land due to legal transfer from other organizations and individuals; Term of land use (long term, remaining land use term in case of land use with definite term); The land area for which the certificate of land use right has been granted; the land area that has not been granted a certificate of land use right (specify reasons for not being granted a certificate of land use right and make recommendations); The land area is being used for the right purpose; Area of ​​land used for improper purposes; the land area allocated, leased, lent, contributed capital, joint venture, association or cooperation in contravention of the provisions of law; land area in dispute, encroachment or occupation; other cases (if any); The area is not put to use. Illustration. Regarding the proposal of land use plans upon equitization, state-owned enterprises shall base themselves on the provisions of law for each land area, number of plots, form of use, and land use term of each land area. each land plot is proposed to be retained and used in each commune, ward and township. From there, compare and contrast the land use plan upon equitization with the master plan, land use plan, construction planning (if any), the plan to rearrange and handle houses and land according to regulations. of the law on management and use of public property; The land use plan as prescribed in Decree No. 118/2014/ND-CP has been approved by the competent authority according to the following contents: Areas of different types of land conform to master plans, plans on land use and construction planning (if any) and there is no change compared to the plan for rearrangement and treatment of houses and land already approved with the right of approval. approved in accordance with the law on management and use of public assets, land use plans as prescribed in Decree No. 118/2014/ND-CP. Areas of different types of land not conforming to master plans, plans on land use and construction planning (if any), with changes compared to the plan for rearranging and handling houses and land in accordance with the law on land management. management, use of public property, land use plan according to the provisions of Decree No. 118/2014/ND-CP approved. The land area of ​​the enterprise allocated, leased or transferred in accordance with the law arising from the time of approving the plan for rearrangement and handling of houses and land in accordance with the law on management and use public property use, land use plan as prescribed in Decree No. 118/2014/ND-CP up to the time of enterprise valuation. The land area not subject to rearrangement and handling of houses and land in accordance with the law on management and use of public property and the land area not included in the land use plan as prescribed in Decree No. 118 /2014/ND-CP (if any). For the land area that has changed compared with the planning, land use plan, local construction planning (if any) or different from the land use purpose according to the plan on rearrangement and treatment of houses and land according to the provisions of law on management and use of public property; land use plan according to the provisions of Decree No. 118/2014/ND-CP; If the area is not included in the land use plan specified in Clause 2 of this Article, the handling shall comply with the provisions of Clause 15, Article 1 of Decree No. 140/2020/ND-CP.

Accordingly, on May 28, the Australian Federal Foreign Investment Commission (FIRB) approved the contract to buy 100% of the shares of the Roper Valley iron ore mine project of the Australian subsidiary of Hoa Phat Group. . Roper Valley iron ore mine has estimated reserves of 320 million tons. After the transaction is completed, Hoa Phat is the owner of the Roper Valley iron ore project with an estimated reserve of 320 million tons and a mining capacity of 4 million tons/year. Hoa Phat said that the group will continue to research to invest in buying some new iron mines in Australia, in order to ensure a long-term supply of at least 50% of the Group’s iron ore demand (equivalent to 10 million tons of iron ore). /year). Besides, the raw material that constitutes up to 30% of the steel price is coking coal, which is currently imported by Hoa Phat from Australia – the world’s largest coking coal supplier market. The Group is studying to buy a few Australian coking coal mines in the future to gradually become self-sufficient in this important production material. Talking to Dat Viet, metallurgical expert – Prof. Dr. Pham Pho assessed, this step of Hoa Phat is very wise, helping businesses to proactively source raw materials in a stable and long-term way. According to him, normally Australia rarely sells the whole mine, but now, due to political and trade tensions with China, Beijing has limited the purchase of iron ore from Canberra, on condition that Australia sells the whole ore mine to Vietnam. should be easier without raising prices. Roper Valley iron ore mine has estimated reserves of 320 million tons. Photo: Hoa Phat “With this step, Hoa Phat can take the initiative in the source of raw materials, only have to worry about exploitation and transportation. Enterprises must send people to supervise and operate, along with a team of workers in your country to exploit. Most of Vietnam’s steel mills rely on scrap iron for production. However, the current scrap iron and steel is limited, the price has increased, the quality is poor, not to mention the difficulty in transportation. It can be said that enterprises producing steel by electric furnace technology, using scrap iron will face many difficulties in the future. Therefore, this step of Hoa Phat is very important,” said Professor Pho. The expert also highly appreciated Hoa Phat’s plan to buy coking coal mine. However, he also noted, buying coal mines to produce coke is very difficult, the production process of coke costs a lot of money. Therefore, it is often easier for a business to cooperate with a partner in Australia than to be completely self-sufficient. “Of course, businesses choose depending on specific conditions to produce coke. To produce coke, it is necessary to use fat coal, not coal. The carbon content in it is high and contains a certain amount of oil. When heated, , the amount of oil evaporates, leaving pores. These pores will make the air flow, not clogged and it will provide fuel continuously. If the business can buy ore mines, and at the same time associate with partners in Australia to produce coke, it is very good. This depends on the operating ability of the business, if you want to produce cups, you must have good experts, and ore is simple – just dig, treat and bring back. If the direction of the business is to buy coke mines, then transporting coke to Vietnam, coking production in Vietnam is better and also simpler, because the production process of coking coal has many other products. For example, when coking, the gas that rises contains a lot of fuel, in which CO is very high, gives high value of electricity, provides for the process of electricity production, boiler heating…”, Prof. TSKH Pham Analysis Street. He also noted that producing steel from ore has a more complicated process than producing steel from scrap (iron scrap) and is also cheaper. The quality of steel depends on the manufacturing process. Even scrap steel wants to produce good steel, it must be carefully selected and classified. Currently, scrap steel in the world is still small, with many impurities. When buying, manufacturing enterprises must carefully select and classify, which costs a lot of money. Regarding the problem of environmental pollution treatment, Professor Pho said that blast furnaces are more complicated than electric furnaces that use scrap iron and steel. When the blast furnace emits gas, it is necessary to invest in equipment to recover coal dust for reuse. Similarly, the exhaust gas contains a lot of CO, which if left to fly into the environment is very toxic, so it must be recovered to put back to burn in electric furnaces or furnaces. This does not mean that electric furnaces do not have to deal with environmental pollution. The electric furnace itself must also be equipped with equipment to capture waste gas, coal dust and filter. Because technology and equipment to deal with environmental pollution are very expensive, according to Prof. Pho, it is important whether steel factories are willing to invest or not.

Therefore, determining the factors affecting the quality of accounting information systems in Vietnamese garment enterprises is a matter of great concern, helping garment enterprises to find the important factors to improve the accounting information system in particular and the information system in the enterprise in general in order to promptly meet the requirements of system users and effectively serve the administration. Question Accounting is a set of procedures, methods and techniques, including the identification, monitoring, recording, processing, storage, systematization, valuation, control and publication of phenomena affecting to the assets, financial position and profit of the enterprise (enterprise), ensuring conditions for continuous operation. The accounting information system (IT) has an influence on the effectiveness of budgeting, reporting, auditing and control activities (Soudani, 2012). The accounting information system has a close relationship with the management information system, the accounting information provided by the accounting information system is important in making decisions of managers and external parties (Tóth, 2012). . With the role of the accounting information system, studying the impact of factors on the implementation of the accounting information system is necessary for enterprises. Garment industry is a key industry of Vietnam. In recent years, Vietnam’s garment industry has made great strides and rose to become one of the five largest textile and garment producing and exporting countries in the world. The event that Vietnam joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has brought many potential benefits to Vietnam’s textile and garment industry, bringing domestic textile enterprises many opportunities and challenges. knowledge in the short and long term. In order to improve the competitiveness of Vietnamese garment enterprises, the provision of accounting information is essential for management and decision-making. Therefore, determining the factors affecting the quality of the technical information system in Vietnamese garment enterprises is a matter of great concern, helping garment enterprises to find the important factors to improve the economic information system in particular and the economic information system in particular. information systems in the enterprise in general in order to promptly meet the requirements of system users and effectively serve the administration. Theoretical basis System Theory Systems theory has been around in the world since the 1940s (Bertalanffy, 1969). Based on the theory of systems, the accounting information system in enterprises is a subsystem of the management information system. Therefore, when studying the technical information system, it is necessary to consider the management information system as well. When considering measures to improve the effectiveness of the accounting information system, it is also necessary to put the accounting information system in the context of the enterprise and in relation to other parts of the enterprise. Based on the theory of systems, this study considers the theoretical background of the information systems in general, and also examines the relationship between the accounting systems and the information systems and other parts closely related to the information systems. The system theory provided for this study is the foundation for determining the factors affecting the quality of the technical information system. Random Theory Contingency theory is derived from organization theory and has been widely used by research since the 1950s and 1960s (Dwivedi et al., 2012). Contingency theory is based on two main findings: (i) There is no single best way to organize or manage a business; (ii) Each method of organization or management, when selected by enterprises, has different effects. For the study of information systems, randomization theory appeared in the late 1970s (Dwivedi et al., 2012). As for the TA, the stochastic theory suggests that the TA should be developed within an adaptive framework. Research on accounting information systems based on stochastic theoretical approach has suggested a number of factors affecting the quality of accounting information systems: job characteristics, user characteristics, user participation, process enterprise size, enterprise characteristics. Some studies on management information systems and accounting information systems have used randomization theory such as Gordon and Miller (1976); Nicolaou (2000)… Therefore, the application of stochastic theory to determine the factors affecting the quality of the technical information system is appropriate. Research Methods The author uses synthesis method, theoretical analysis and expert interview method. The objective of the qualitative research method is to find out how to measure the quality of the technical information system and determine the factors affecting the quality of the economic information system, associated with Vietnamese garment enterprises. The method of synthesis and theoretical analysis starts from synthesizing previous studies from different database sources to find out the theory of the quality of the accounting information system and identify the factors affecting the quality of the accounting information system. From the process of synthesizing previous research documents, the author analyzes to define the concept of the quality of the technical information system and propose the factors affecting the quality of the economic information system in Vietnamese garment enterprises. The method of interviewing experts was carried out in the form of semi-structured interviews. Patton (2002) said that, there is no principle to choose the number of research samples in interview research (or qualitative research). For semi-structured interviews, the quality of information and the source of information collected are the first things to pay attention to. Therefore, in order to ensure the information collection process, the author selected a research sample to interview 10 people who are leaders, staff of the IT/ICT department, staff of the finance and accounting department (accounting). chief, accountant) of Vietnamese garment enterprises. First, the author interviews experts to get a general assessment of the research topic. Next, the author conducts in-depth interviews with experts to adjust the scale and complete the official research model. Research results The results of the qualitative research method are useful information for the construction, evaluation and completion of the scales/indicators/attributes. Although the construction of the scales is based on previous studies by the author, it is necessary to adjust the scales to suit the research context at Vietnamese garment enterprises. The proposed technical information system quality scales have a high consensus of the interviewees and the sentences are adjusted to be more suitable with the research context of Vietnamese garment enterprises. For the factors affecting the quality of the accounting information system, the author proposes a number of factors based on previous studies and asks questions to the interviewees to find out the appropriate factors. The results of the selection of influencing factors by experts are shown in Table 1. Based on the results of the selection of factors affecting the quality of the technical information system, the selected factors have a rate of over 50% of the total number of experts’ opinions. The factors affecting the quality of the accounting information system (independent variable) were determined based on previous studies. The author intends to select 3 factors affecting the quality of the accounting information system, including: (i) Knowledge of accountants; (ii) Manager’s knowledge; (iii) Management support. Ismail (2009) said that managers with basic accounting knowledge and accounting information system, the quality of accounting information system is improved. In addition, managers’ knowledge of technology and accounting information system will help them make decisions to choose the technology and information systems that best suit the characteristics of enterprises. If the accountant has professional knowledge and experience, the system will be easier to use. The accountant’s experience with the accounting information system has a positive effect on the effectiveness of the accounting information system as well as the implementation of the accounting information system (Dehghanzade et al., 2011). Thong et al (1996) said that managers with knowledge and experience in technology and accounting information system will realize the importance of a quality accounting information system. From there, managers will make the right decisions in choosing the accounting information system in line with the enterprise’s objectives, promoting the quality of the accounting information system. Therefore, the author proposes a research model as Figure 1. The linear regression equation for the proposed research model is as follows: QAIS = a + b1*MK + b2*UK + b3*MS + e Inside: a: Constant b1, b2, b3: Regression coefficients of variables MK, UK, MS MK: Knowledge of managers UK: Knowledge of accountants MS: Management support e: Noise coefficient Conclude Accounting information is an important factor for businesses and state management agencies in the current context. The development of information technology of the 4th Industrial Revolution requires accounting information to be provided quickly, timely and accurately, effectively serving enterprises in making management decisions. Improving the quality of technical information systems is an important task of enterprises in general and garment enterprises in particular. Finding out the factors affecting the quality of technical information systems is very urgent. This helps Vietnamese garment enterprises to find out the causes affecting the quality of the technical information systems and to suggest about testing the research model related to the quality of the technical information systems for researchers of the technical information systems in the future. References 1. Nguyen The Hung (2006), Accounting information system (Theory, exercises and solutions), Statistical Publishing House, Vietnam; 2. Nguyen Phuoc Bao An (2018), ‘Factors affecting the success of accounting information systems in Vietnamese enterprises, PhD thesis, University of Economics Ho Chi Minh City; 3. Soudani, SN (2012), ‘The Usefulness of an Accounting Information System for Effective Organizational Performance’, International Journal of Economics and Finance, 4; 4. Tóth, Z.(2012), ‘The Current Role of Accounting Information Systems’, Journal of Economic Literature, 8 (1), 91-95; 5. Bertalanffy, LV (1969), General system theory: Foundations, development, applications, George Braziller Inc; 6. Dwivedi, YK, Wade, MR & Schneberger, SL (2012), Information System Theory – Explaining and Predicting Our Digital Society, Vol. 1, Springer, USA.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The high price also leaves plenty of room for dealers.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

In the process of digital transformation, the management needs of enterprises are constantly increasing. Faced with the expansion of application scenarios, customer service management needs higher quality inspection accuracy to avoid misleading caused by deviations; rich data analysis dimensions help managers to insight into the problems reflected in the data and provide support for business decision-making.

AI is restructuring the customer service industry and helping the industry enter into intelligent management. In response to the problems and pain points of customer service quality inspection management, Wofeng Technology GaussMind intelligent quality inspection relies on core technologies such as artificial intelligence, big data, cloud computing, etc., and performs full quality inspection through machines to achieve automation and digital management; dig deeper into the value of data and carry out more Dimensional visual data analysis can fully control the risk of complaints, and can score and assist the service of customer service personnel, optimize performance management, use technology to improve customer experience, and meet the needs of enterprises to reduce customer service management costs and improve management efficiency. Employees and customers are satisfied.

Machine quality inspection

Traditional quality inspection usually means that the quality inspector extracts part of the call and dialogue data for inspection, and detects whether the agent has irregular or non-standard speech behaviors during the service process, such as swearing, mocking, evasive, over-promising, etc., in order to regulate the behavior of the agent , And then improve the quality of customer service. According to industry data, the sampling rate is only about 1% to 10%. For some companies that do not pay attention to this process, the sampling rate is even lower.

Under the traditional method, there are many problems in manual quality inspection, which seriously affect the realization of the value of customer service management:

-Low quality inspection efficiency and high cost: low coverage rate ；

-Delay in risk warning: customer sentiment and true intentions are difficult to grasp, and business risks are uncontrollable;

-Inconsistent quality inspection evaluation: the understanding and implementation of quality inspection standards vary from person to person, and it is difficult to achieve objective consistency due to the influence of the personal qualities of the quality inspectors;

-Quality inspection data is difficult to summarize: unable to dig into customer needs, resulting in loss of sales leads and loss of potential customers.

With the rapid development of AI technologies such as speech recognition, natural language understanding, and deep learning, intelligent quality inspection systems have received widespread attention. Wofeng Technology’s GaussMind intelligent quality inspection improves the efficiency of customer service management through automated machine quality inspection.

Based on AI capabilities, Wofeng Technology GaussMind intelligent quality inspection has the following functional values:

1) The quality inspection model engine is rich, the rules are diverse, and the combination method is flexible

Multi-dimensional quality inspection models are set up to fully meet the individual needs of enterprises and further enhance the richness of quality inspection capabilities.

-Speaking skills dimension: Deeply understand the content of speech skills, specify the detection role and detection range, and support process detection;

-Interaction dimensions: silence, snatching, and repetition;

-Feature dimensions: sentence length, sentence pattern, speaking speed, volume, emotion analysis;

-Information dimension: data detection along the way, quality inspection is more accurate.

2) Machine automatic quality inspection + manual sampling inspection, work more efficiently and check more accurately

The robot performs full quality inspection and can automatically complete quality inspection tasks in accordance with the rules. The quality inspector only needs to view a few question sessions to complete the re-inspection, which increases the efficiency by more than 10 times and effectively saves a lot of labor costs.

3) High accuracy rate of quality inspection

In terms of speech recognition, Wofeng Technology adopts an error correction model to correct the professional terms of the customer’s business, such as filter elements, service stations, gasoline, and engine oil in the automotive industry. This greatly improves the accuracy of recognition and is conducive to better semantic understanding. accurate. In terms of semantic understanding, Wofeng Technology uses deep learning models such as TextCNN and BERT, uses corresponding rules based on business understanding, and fully considers business scenarios, tone, context and other factors. The quality inspection accuracy rate exceeds 90%. In addition, at the same time of manual sampling, the quality inspection model can also be trained and optimized, so that the more the quality inspection model is used, the smarter and the more accurate it is, achieving the effect of “training back feeding”.

data analysis

With the deepening of use, more and more companies realize the value of intelligent quality inspection systems. At the same time, they also hope to build their own customer service key performance indicator system with the help of AI capabilities to test and evaluate the quality of customer service staff’s work and find services. The loopholes in the call center can improve the overall service level of the customer service center; and through high-value data analysis, it can find business hotspots, difficulties, and problems, and provide references for business operations and organizational decision-making.

Based on big data in business scenarios, Wofeng Technology GaussMind intelligent quality inspection has the following data analysis capabilities:

1) User portrait label: According to the content of the conversation, analyze business tags, customer sentiments, and keyword clouds to understand customers, know yourself and your opponents, and fight forever.

2) Portrait of customer service staff: Targeted and focused adjustment of management methods to improve customer satisfaction and stimulate customer enthusiasm to bring better services to customers.

3) Business analysis: Making full use of high-value customer service data, conducting public opinion discovery, business analysis, and timely adjustment of service strategies and business strategies can effectively assist business decision-making and increase ROI.

4) Risk warning: The system continues to control risk throughout the whole time. Once a risk point is found (the customer personnel are detected asking customers, complaints, etc.), the system will automatically issue an early warning and notify the responsible person to deal with it as soon as possible, so that potential risks are contained in the embryonic stage.

Combination of two swords

Wofeng Technology’s GaussMind intelligent quality inspection system has achieved many successful practices in insurance, automotive, e-commerce, milk powder and other industries. Well-known customers include Dewu, Kimberly-Clark, Weimar Motors, Feihe milk powder, Yili milk powder, etc., effectively improving customer service management The degree of intelligence.

1) Improve work efficiency and reduce labor costs

Intelligent quality inspection uses full quality inspection on customer service channels such as voice, text dialogue, and corporate WeChat conversations. The quality inspection coverage rate is 100% and the accuracy rate exceeds 90%, reducing the cost of manual quality inspection and realizing efficient allocation of human resources.

2) Improve service quality and reduce business risks

Intelligent quality inspection helps the customer service team improve service quality and brand satisfaction; intelligently tap high-frequency problem feedback to the business department for optimization and improvement, and reduce the rate of customer complaints.

3) Find more clues through data analysis to promote corporate growth

The data analysis in the quality inspection process can promptly discover the customer’s favorable comments on the product, and feed it back to the operation department to promote the promotion of product sales.

Deputy Secretary of the City Party Committee, Head of the Organizing Committee of Ho Chi Minh City Party Committee Nguyen Ho Hai chaired the conference. According to Mr. Ma Xuan Viet – Deputy Head of the Organizing Committee of the Ho Chi Minh City Party Committee, violations of corporations and companies have many causes, such as: Business committees are not fully aware of their functions, duties, and relationships. Working system between the Party Committee and the Board of Members, the General Director. The principle of democratic centralization has not been ensured seriously, the struggle, self-criticism and criticism in the units is not high. Mr. Ma Xuan Viet said that many officials and party members with positions and responsibilities in enterprises are limited in expertise, profession, knowledge of economic management, finance, investment, projects, … have not promoted yet. leadership, direction and implementation of assigned tasks. In addition, many officials have positions and responsibilities that lack inspection and supervision, do not direct and correct in time the limitations and shortcomings of officials and party members, slow implementation of solutions to overcome deficiencies. points according to conclusions of competent authorities. Although some units perform inspection and supervision, the contents are not in depth, the objects are not in line with reality and do not pay attention to check when there are signs of violation. The organizational apparatus and party organization in enterprises in some places have not yet matched the size, nature and operational situation of the unit. Mechanisms and operating conditions of the functional agencies in enterprises still have many difficulties and limitations but have not been promptly resolved by the committees at all levels. Facing the above situation, the Party Committee of the Ho Chi Minh City People’s Committee has instructed the People’s Committee of Ho Chi Minh City to analyze and evaluate the errors, violations and shortcomings of enterprises in recent years, to issue documents directing rectification, correction and prevent errors arising. At the same time, strictly handle violations, with forms of aggravation for violations for the benefit of the group, for personal self-interest, not to exceed the time limit, statute of limitations discipline for violations to the point of disciplinary action. Defendant Le Tan Hung – former General Director of Saigon Agricultural Corporation (SAGRI) was prosecuted along with people involved in the crime happening at this enterprise. According to the Deputy Chairman of the Inspection Committee of the Hunan City Party Committee, from 2018 to the present, the Inspection Committee of the City Party Committee has advised the Standing Committee of the Party Committee and actively inspected and supervised 22 party organizations. and 25 party members in corporations, state-owned companies under the authority and considered and disciplined 6 party organizations, 60 party members committed violations at corporations, state-owned companies. attached. Mr. Ho Nam said that there are some common violations detected through the inspection, supervision and handling of violations by state-owned enterprises in recent years such as: Party Committee, Standing Committee of Party Committee you have relaxed the work of leadership, direction, inspection, supervision, improper implementation of working regulations so that defects, limitations and violations occur. Some units also loosen the leadership of personnel work, lack of inspection and supervision of the organization and personnel work. Some violations in the leadership, direction, management and administration of production and business tasks, violations in the management, use of premises, real estate, transfer of projects, management financial management, capital mobilization and equitization. Many leading officials, former leaders were handled for their violations related to corporations and state-owned enterprises. In the photo: Former Deputy Secretary of the Standing Party Committee Tat Thanh Cang was prosecuted to clarify the wrongdoings. According to the report of the Ho Chi Minh City Inspector, from 2016 to 2020, the Ho Chi Minh City Inspectorate has carried out 37 inspection teams related to businesses. The inspection results have discovered the shortcomings and mistakes, recommended handling, recovering money and land. “There are cases of transfer of specialized departments to rectify and review and there are also violations that have signs of causing damage to state-owned enterprises, the state capital has transferred to investigation agencies to continue to clarify” – representative Ho Chi Minh City Inspector said. Speaking at the conference, sharing the difficulties with enterprises when converting to equitization, Deputy Secretary of the Party Committee Nguyen Ho Hai also pointed out through the inspection, many mistakes have been clarified. Since then, the City Party Committee of Ho Chi Minh City issued Regulation 3746 instead of Regulation 1317 to prevent shortcomings and violations of corporations and companies and the orientation of building the working regulations of party committees of corporations, City affiliated companies. Mr. Nguyen Ho Hai – Deputy Secretary of the City Party Committee of Ho Chi Minh City, speaking at the conference. Photo: City Party Committee of Ho Chi Minh City According to Mr. Nguyen Ho Hai, over the past years, a number of party committees and officials, especially the head of the party committee, member council, and general director of enterprises, have loosened their leadership and direction. , inspection, supervision, improper implementation of the charter, working regulations of the enterprise, the party committee, for defects, limitations and violations. “The promulgation of the Directive aims to promptly rectify, prevent and overcome limitations, shortcomings and mistakes due to subjective reasons from the performance of the duties and powers of collectives and individuals in enterprises. The implementation of the Directive also introduces and analyzes the wrong points of enterprises in recent years so that the units can learn from their experiences and avoid the mistakes “, Mr. Nguyen Ho Hai affirmed.

Author: Kang Yong, Lin Wei

Editor’s note

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The development environment faced by enterprises after the epidemic has become more complex and changeable. First, China’s economy is at a critical stage of transformation and upgrading, and it is not easy to increase its technological content and move towards the high-end areas of the value chain; second, the epidemic is still continuing around the world, the external environment is highly uncertain, and the simultaneous recovery of the world economy is still facing difficulties. Big challenge; finally, the development of science and technology is accelerating, and the emergence of emerging technologies brings new business models and competitors, and the competition faced by enterprises is becoming increasingly fierce. Faced with such an environment, how can companies stay ahead of the competition in the future? We believe that two transformations are essential for future corporate development: Intelligent Transformation and Green Transformation

Intelligent transformation

The outbreak of the new crown epidemic last year has brought rare development opportunities to technology companies. At the same time, for many companies, the epidemic is also a test of the effectiveness of their digital transformation. Companies with a high degree of digitalization have used the digital systems that have already been launched to fully guarantee production and management during the epidemic, and the speed of resuming work and production is also faster; while some companies that are relatively slow in digital transformation or rely more on offline business face Greater challenge. The epidemic has brought many impacts to human society, and the long-term effects of some impacts still need time to test. But a clear trend is that the epidemic has accelerated digital transformation.A KPMG survey of CEOs of major global companies showed that 80% of CEOs said that the epidemic has greatly accelerated the company’s digital transformation, and 30% of them said that the epidemic has accelerated the company’s digital transformation for several years.[1].

On the basis of digitalization, intelligent transformation is the only way for enterprise development. The development of information technology has gone through several stages from informatization-networking-digitalization-intelligence. With the rapid rise of artificial intelligence and more and more widespread applications, the development of enterprises will also enter the next stage from digitalization, that is, intelligent transformation. At present, many leading companies in the industry have evolved from early digitalization attempts to digitalization, which runs through all departments of the company, and has accumulated a large amount of data. On this basis, companies urgently need to use artificial intelligence and other technologies to better tap and utilize the value of data assets, facilitate product and service innovation, and discover new business and business models. Intelligent transformation is being used in many industries. For example, in wind power generation, 30% of the power generation may be wasted, and it is very important to accurately predict the power generation. Wind power companies use the Industrial Internet and artificial intelligence to improve the accuracy of power generation forecasts and significantly improve power generation efficiency. In addition, user insights based on AI algorithms are also being used in new retail, new manufacturing and other fields to help companies better understand consumer needs.

Intelligent transformation can not only help companies improve production and services, and discover new needs, it can also help improve their agile capabilities. The rapid changes in the market and the continuous updating of technology have made the competition faced by enterprises increasingly fierce, and the agile ability to respond to changes has become an indispensable core competency of enterprises. For example, in the era of internal combustion engines, traditional car companies usually require more than 4-5 years of research and development cycles to develop a model. However, the rise of new energy vehicles, especially the addition of some new car-making forces and technology companies, has greatly shortened the iteration of new energy vehicles, and put forward higher requirements for the development and launch of new models of car companies. Intelligent transformation has accelerated the evolution of the company’s R&D process from a “serial mode” to a “parallel mode”, and realized crossover, reorganization and optimization of the independent and sequential R&D work in the past, thus greatly shortening the R&D cycle and improving the company. The agility to respond to changes.

Green transformation

Green transformation is another key element for companies to cope with future challenges. It is worth noting that, compared with the attention of all walks of life to digital transformation, the current enterprises’ emphasis on green transformation needs to be improved. There are two main reasons why companies need green transformation. On the one hand, they are macro policy trends and continuously strengthened supervision; on the other hand, they also come from the development needs of the company’s own business.

At the policy level, green development is an important part of the five new development concepts of innovation, coordination, greenness, openness, and sharing in China’s 14th Five-Year Plan. The term “green” has appeared 50 times in the “14th Five-Year Plan”. Among the 8 binding indicators, 5 are related to the environment, which shows that the government attaches great importance to green development. China plans to achieve carbon peaks by 2030 and carbon neutrality by 2060. The proportion of non-fossil energy in primary energy consumption will reach about 25% by 2030, all of which have set clear requirements for green development. In recent years, central environmental inspections, special inspections, local inspections, etc., have become more stringent in terms of environmental protection law enforcement and the formulation of various measures. A large number of “scattered and polluting” enterprises have been shut down, and many enterprises have been suspended for rectification for reasons such as non-compliance with environmental protection standards and illegal discharge and over discharge. In the future, many companies, especially listed companies, may face mandatory environmental information disclosure requirements. Under constantly strengthened supervision, if companies do not pay enough attention to environmental and social issues in their operations, they will face increasing compliance risks.

At the enterprise level, green transformation can also create value for enterprises. ESG, that is, Environmental, Social, and Governance (Environmental, Social, and Governance) embodies the values ​​of an enterprise, and the expression of an enterprise’s ability to develop its sustainable development has received increasing attention from all over the world in recent years.Many studies have found that there is a positive correlation between corporate ESG management and company performance. Companies with good ESG performance can usually achieve higher profits.[2]. At the same time, a good ESG helps companies improve employee engagement and customer loyalty, enhance corporate reputation, increase corporate competitive advantages, and generate long-term value. In addition, green enterprises and green projects are also easy to obtain more financing channels and lower financing costs.In recent years, my country’s green finance has developed rapidly. At the end of 2020, my country’s green loan balance will reach 12 trillion yuan (Figure 1), the largest stock in the world, and 813.2 billion yuan in stock of green bonds, ranking second in the world, providing financial support for green development[3].

Figure 1: China’s green loan balance, trillion yuan

Data source: Wind, KPMG analysis

Compared with some leading foreign companies, Chinese companies started late in the green transformation.According to statistics from Haitong International, among 121 international financial institutions ranked in the Fortune Global 500 in 2020, 42 have announced carbon neutral plans, and 30 have achieved carbon neutrality, but none of them are currently Chinese financial institutions. mechanism[4]. Compared with these large companies, small and medium-sized enterprises are under greater pressure to achieve carbon emission targets due to capital and technology constraints, and they urgently need to think about strategies and implementation plans for green transformation.

How companies promote intelligent and green transformation

Intelligent and green transformations are undoubtedly crucial to the future development of enterprises, but it is not easy to promote these two transformations and cannot be accomplished overnight. The pain points and challenges faced by different companies and different industries are not the same, and the keys and paths to achieve these two transformations are bound to be different. In general, the following three items are something that companies need to consider carefully when promoting these two transformations.

01. Support from the top of the company

A common feature of intelligent and green transformation is that they may make adjustments to the company’s overall business model, decision-making model, and even organizational structure. These deep-level changes are obviously difficult to implement without the participation and support of the company’s top decision-making level. of. The company’s top leaders need to recognize the necessity and urgency of transformation, and as the highest promoter of transformation, formulate transformation goals from the perspective of corporate strategy, and promote related issues of resource allocation and coordination. The company’s board of directors may also consider setting up a special committee to take charge of these two transformations, and regularly check and evaluate the implementation and effects of the transformation plan.

02. Oriented by corporate value

Some companies tend to pay too much attention to the technology itself when promoting intelligent and green transformation, such as what AI technology to use, and what technological means to use to reduce carbon emissions, while ignoring that its fundamental purpose is to create long-term value for the company. Transformation requires companies to think about how to make changes in R&D, production, marketing, management, services, and ecology. Cross-departmental collaboration is essential. To this end, companies should take demand as the traction and improve corporate value as the goal, so as to promote effective cooperation between departments. In actual implementation, companies can also combine the effects of transformation promotion with performance rewards to guide incentive resources to tilt in the direction of transformation.

03. Develop a comprehensive and clear vision strategy, but it can be implemented in stages

In fact, not only at the enterprise level, but at the national level, my country’s promotion of carbon emission reduction is also carried out step by step, first achieving carbon peaks and then achieving carbon neutrality. Companies can also have a grand vision, and then, based on their own conditions and industry characteristics, formulate specific transformation plans in line with long-term strategies, and promote project development and implementation in stages and steps.

[1] KPMG’s 2020 Global CEO Survey: Covid-19 Special Edition, KPMG, 2020, https://home.kpmg/cn/zh/home/insights/2020/09/kpmg-2020-ceo-outlook-covid-19 -special-edition.html

[2] Foundations of ESG Investing: How ESG Affects Equity Valuation, Risk, and Performance, MSCI, July 2019

[3] “Text Record of Briefing on Green Finance of the State Council Information Office”, People’s Bank of China, February 9, 2021, http://www.pbc.gov.cn/goutongjiaoliu/113456/113469/4191657/index.html

[4] Paths and Methods for Chinese Financial Institutions to Achieve Carbon Neutrality, Haitong International, April 2021

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Talking with enterprises participating in the course, Mr. Nguyen Viet Long said that digital transformation in enterprises is the integration and application of digital technology to improve business efficiency, management efficiency of enterprises and create new values. Digital transformation activities can range from digitizing business management data, applying digital technology to automating, optimizing business processes, management processes, and manufacturing. business, reporting processes, coordinating work within the business to transforming the entire business model, creating new value for the business.

According to Mr. Long, the breakthrough development in digital technology has allowed to provide a variety of solutions for businesses in digital transformation. As an evidence, Mr. Long said, an artificial intelligence-based chatbot in e-commerce can serve 3.5 million people / day, replacing the unmanned device that can collect and analyze resolution images. prize for oil and gas exploration in just 5 days, while before it took 8 weeks in the traditional way …

The fundamental course in digital transformation has attracted the attention of many businesses

It is forecast that about 800 million jobs will be lost due to automation by 2030, but only about 10,000 employees worldwide have enough skills for research in artificial intelligence. According to analysis from the BBC, 35% of jobs will face the risk of being replaced by robots in the next 20 years.

Therefore, Mr. Long said that digital transformation should be considered as the top priority of businesses. Enterprises also need to build a digital transformation strategy associated with the business strategy, ensuring it is consistent with the actual situation and the transformation capacity of the business.

Suggesting about building a digital transformation roadmap for businesses, Mr. Long said that, in the preparation phase, it is necessary to define strategic goals and digital transformation visions, develop a digital transformation strategy integrated into the strategy. An overview of the business is based on an assessment of the enterprise’s readiness and goals, and at the same time defining the overall architecture of the business.

Phase 1 is transforming the number of business models, in which the focus is on the application of digital technology to expand the distribution, marketing, sales channel system and improve the efficiency of customer care. In addition, it is also necessary to step by step deploy digital technology for the supply chain, apply digital technology to accounting, finance …, develop security policies.

Phase 2 is to complete and transform the number of management models, focusing on optimizing and improving management capacity, focusing on ERP, HRM systems, planning systems, job management, report…

Stage 3 is to connect business and administration, innovate and create new products and services.

Evaluating solutions, technology solution providers that help businesses transform digitally, Deputy General Director Ernst & Young Vietnam said that enterprises can prioritize to learn and use first domestic solutions, Especially, the auxiliary solutions, small and medium, solutions with the management regulations of the state.

Meanwhile, with solutions from foreign suppliers, Mr. Long said that these solutions have optimal design, good performance, scalability, but sometimes the features are not close to the market. , high costs associated with support services will be slower than domestic solutions.

Therefore, it is advisable to choose solutions that have been deployed by partners in Vietnam for better support, and at the same time take advantage of open source solutions to reduce costs.

Digital Transformation Fundamentals is an activity in the Digital Transformation Business Program for the period 2021-2025 of the Ministry of Planning and Investment in cooperation with development partners, to help businesses apply the public digital technology to improve the efficiency of production and business activities, enhance capacities and competitive advantages, and create new values ​​for businesses. The program aims that 100% of businesses will have access to information, 100,000 businesses will receive support from the Program …

The story of Yiche and Xinyi’s interaction has become a new story. The key is that Bitche’s midnight move has limited destructive power, and it is quickly curbed by Xinyi Interactive, and the situation is getting more and more bloody.

On the evening of April 14th, Bitauto stated to the outside world that it had initiated a litigation request for judicial dissolution of Xinyi Interaction on April 12, and the Haidian District People’s Court of Beijing has accepted the prosecution documents. In the evening, Bitauto sent two documents, the “Announcement to Xinyi Interactive Company Employee Letter” and the “Letter to All Customers and Partners of Xinyi Interactive” to the employees and customers of Xinyi Interactive.

Previously, Bitauto held a “Board Meeting” of Xinyi Interactive on March 19 to discuss the “dissolution of the company”. Qu Weihai sent a representative to attend and object, but no unanimous resolution was reached.

In the early morning of April 15, the well-prepared Xinyi Interaction issued the “Solemn Statement on the Suspected Crime of Biche Maliciously Spreading Rumors” to the outside world.

In the statement, Xinyi Interactive once again used legal weapons accurately, specifically stating that Bitauto Internet Information Technology Co., Ltd. (“BitCar”) maliciously spread rumors of “judicial dissolution” and damaged Beijing Xinyi Interactive Digital Technology Co., Ltd. (“Xinyi Interactive” or ” The company’s business reputation, intimidated employees, disrupted Xinyi Interactive’s production and operations, and was suspected of constituting a crime. Xinyi Interactive had already reported the case to the public security organs early in the morning.

In the statement, Xinyi Interactive mentioned several key issues:

1. The so-called “judicial dissolution” disseminated by Bitcar on April 14 is that Bitcar deliberately confuses the filing of a lawsuit to the court with “judicial dissolution”. Yiche is a malicious “rumoring” that steals the merits and confuses the public.

2. Bitauto continues to use rumors to undermine the company’s business development. This behavior of “turning the table and smashing jobs” runs counter to Bitauto’s claim that it supports the development of new ideas.

3. The actual situation of the disputes related to Xinyi Interaction is that because the original shareholder Bitcar evacuated all the investment in Xinyi Interaction and refused to return it, Xinyi Interaction held a board meeting on December 14, 2020, and made a legal and effective resolution to terminate Yiche. Car’s shareholder qualifications.Xinyi Interactive has filed a lawsuit on the issue of Bitauto’s embezzlement of huge amounts of funds

Finally, Xinyi Interactive also specifically calls on the management of Bitauto to resolve disputes and problems with each other through reasonable and legal legal channels, not to treat the business community as a river or lake, and not to treat the law as a toy.

Regardless of the right and wrong of both parties, it can be seen from the content of the two parties’ declarations that Xinyi Interaction has always been relatively restrained in the understanding and use of the law. There is one thing to say, which more reflects the characteristics of “knowing the law and abiding by the law.”

In contrast, many practices of BitCar are inevitably criticized. Not to mention that since the incident occurred at the end of last year, it has frequently changed positions, and information releases are often exhausted. There is no lack of contradictions before and after the statement. It seems that Bitche has been unable to control the situation of equity disputes. It seems to be tough on the surface, but there is no big deal in reality. The embarrassing situation of the move.

Looking back at Bitauto’s internal management issues, after an equity dispute, Bitauto unilaterally hired Zhang Hongyu as the new general manager of Xinyi Interactive, and forcibly assigned him to Xinyi Interactive. However, the media soon exposed Zhang Hongyu as a prisoner, causing an uproar in the public opinion. In 2018, Zhang Hongyu, then vice president of Bitauto, was sentenced to three years imprisonment, suspended for three years, and fined 1 million yuan for smuggling ordinary goods and evading tax payable of more than 940,000 yuan, which was a huge amount. Yuan, who is still serving his sentence on the date of appointment. According to the Criminal Law and the Company Law, a person serving a sentence of less than five years after the expiration of his sentence shall not serve as a manager, deputy manager, or financial officer. Therefore, the media also questioned hasty appointments and illegal appointments, reflecting the internal chaos of Bitauto’s management. And afterwards, Yiche has never responded directly to whether the appointment was deceived or committed by someone knowingly, let alone an explanation to the other shareholders and company members of Xinyi Interactive. Instead, it proposed to dissolve Xinyi Interactive’s abnormal actions. A sense of separation.

In fact, Xinyi Interaction with a valuation of 10 digits is a leader in digital marketing. It has a high reputation in the industry. Last year’s revenue was nearly 4 billion yuan. It doubled its profit against the trend. It has more than 800 employees and is a comparable company. Nice good company. Moreover, since the equity dispute occurred in November last year, the current management team has been stable, and the business has been carried out in an orderly manner without being affected. It can be seen that it is a company with a solid foundation and a cohesive force. As the original major shareholder, Yiche has already filed a lawsuit with the people’s court. It should have believed in the law, made legal preparations, provided evidence in court, properly defended its rights, and actively negotiated and resolved actual equity disputes, instead of using such recklessness. the behavior of. No matter how good the company is, once it is disbanded, it will be destroyed, not only the interests of shareholders will be damaged, but the employees and other stakeholders will be the first to bear the brunt. And as you can see from Xinyi Interactive’s public statement, this application for judicial dissolution is not so easy to achieve, but Bitche’s move at this time can be described as “limited harm, but extremely insulting!” The purpose is to shake customers and employees. His confidence can be described as an off-board move that is full of flavour. It is clever to look at, but it also exposes the company’s values ​​and cultural issues that disregard the overall situation and disregard employees’ job opportunities.

Speaking of management, it is also a pain in Yiche’s heart. Bitauto has a lot of rights and wrongs in recent years. It is well-known that it has lost billions in five years, and it has been delisted from the market. The founder of Bitauto, Li Bin, has made Weilai Auto to grow, and he has frequently reduced his holdings of Bitauto and cashed out. This is also a signal. Although Bitauto found a consortium to take over for privatization, under the background of anti-monopoly and prevention of financial risks in the past few months, Internet finance is all over the place, and car-related loan problems are plagued. It is not so simple to rely on the big tree to re-list. .

The current Bitauto CEO Zhang Xuan founded and served as the CEO of an important subsidiary Yixin for many years. The black history of “routine loans” has been exposed by the media in different places for many years. Shanghai Yixin and others have been repeatedly due to illegal collection of routine loans. Deeply involved in litigation.

There are too many cases to list them all. As for the case mentioned during the two sessions, a judgment with the case number “(2019) Min 05 Xing Zhong No. 1874” shows that Fuzhou Hexun Financial Services Co., Ltd. was entrusted by Shanghai Yixin and other four companies to collect loans for it The main person in charge of the collection company was sentenced to seven years and six months’ imprisonment by the court for the use of improper methods for collection of vehicles that were overdue. In the case of routine loans, more and more people familiar with the game of collection companies and financial leasing companies revealed that at the beginning of planning, routine loan companies such as Bitcar planned the violent collection sector, and took advantage of the legal loopholes to violently collect collections. The risk responsibility is passed on to the “downstream brother.” As the former listed company Yiche and the current listed company Yixin, actively deal with the aftermath of usury and save the precarious business model. This is the most important task, rather than emotionally random moves and making too many enemies, which not only makes people laugh, but also Continue to erode the company’s credit and influence.

How this scuffle ended is still unknown, but Xinyi Interaction seems unlikely to be dissolved within the year as Yiche said. The interference and suppression of this move is also unlikely to cause substantial harm to the interaction of new ideas, but it can make its employees feel the same hatred and unite.

The time has come to April 2021. The age of savage growth of how bold and productive people are is over. All kinds of rash heroes are busy how to land safely. This is really not something that can be settled by high-profile hard work. Stage.

Therefore, as a market entity, an enterprise that truly respects the law and knows and abides by the law is an important part of the corporate values ​​and a necessary prerequisite for the healthy development of the enterprise and the market.

I hope Xinyi Interactive and Bitche can do the same. Seeking common ground while reserving differences, considering the overall situation, reasonable negotiation, and symbiotic development, I believe that is the real way out for this dispute.

(This article comes from a reader’s contribution)

In recent days, households living in hamlet 3, Bau Phuong village, Chau Pha commune (Phu My town, Ba Ria – Vung Tau province) expressed frustration at the Song Ca stream flowing through the area by an enterprise. On the side of Chau Duc Sonadezi Urban Joint Stock Company (referred to as Chau Duc Sonadezi Company, the address of Suoi Nghe commune, Chau Duc district) blatantly dumped the ground level, encroached upon and manipulated the stream flow, leading to the fact that people do not have water for irrigation, the risk of flooding when the rainy season comes.

People are frustrated by the Song Ca stream being filled with soil, occupied

This is a stream located adjacent to two communes: Suoi Nghe, Chau Duc and Chau Pha districts, Phu My town. There are signs of serious encroachment, if there is no timely preventive measures, it will be in danger of “disappearing”.

According to local people, for more than a week, they discovered that many convoys of the enterprise of Sonadezi Chau Duc company carried soil for leveling, then blatantly poured into Song Ca stream, causing the stream bed to be confiscated. narrow, blocked flow.

Mr. Ly Tau Dung (residing in group 3, Bau Phuong village) said that Song Ca stream is a natural stream with a long history, tens of meters wide and stretches from the foot of Da Den lake to Ba Ria city. year is used for flood drainage, at the same time serving irrigation and people’s daily life. However, recently, a business suddenly stopped the flow of land and encroached upon it.

The incident made many households angry, calling for help to the local government for intervention and prevention.

“My family has more than 7 sao of land to grow fruit trees located adjacent to the stream. Every year, we use water from the stream for irrigation. However, the current state of the stream is being leveled and encroached on seriously, afraid that next time there will be no more water to irrigate. Therefore, we earnestly hope that the local government will soon step in to prevent encroachment ”. Mr. Dung shared.

Enterprises pour land straight into the stream, causing the stream bed to narrow

Like Mr. Dung’s family, there are 9 households that share their frustration and face the situation of lack of water for irrigation because the stream is being “killed”, flooded when the rainy season comes. Meanwhile, the households all use water from the stream for irrigation and living.

According to PV’s record on April 13, the area of ​​Song Ca stream corridor was completely encroached upon, soil and rock were poured straight into the stream, causing some points to be blocked, the current status stretches more than 2km along. along the stream.

Worth mentioning, through observation, in addition to stream leveling, this enterprise is currently placing a pipeline system from the direction of Sonadezi Chau Duc industrial park to the Song Ca stream (suspected waste pipe). However, after being discovered by people and Chau Pha commune authorities, the enterprise poured land on the sewer system to “hide”.

Current status of Song Ca stream upstream, near the flood discharge dam of Da Den lake

Before the people reflected, the People’s Committee of Chau Pha commune sent staff to the scene to record the reality. After that, the People’s Committee of the commune issued a written report, requesting the People’s Committee of Phu My town to send a written petition to the People’s Committee of Ba Ria – Vung Tau province and functional departments to quickly coordinate in inspection and settlement.

According to the petition of the People’s Committee of Chau Pha commune, the time when the functional team checked and recorded the land filling and leveling area was in Suoi Nghe commune, Chau Duc district. The current situation of land overflowing into the stream, preventing the flow of about 1/3 of the stream, the land falling is 5–7m higher than the stream site, no embankment, more than 3km in length (paired with the stream bank).

Authorities determined that the filling of stream land was carried out by Chau Duc Sonadezi Urban Joint Stock Company. Through the comparison of maps, cadastral records, the Song Ca stream is 18-21m wide, in fact this company has dumped soil, leveled up 1/2 of the stream’s width.

People exchange the case with PV (right photo) and petition of the People’s Committee of Chau Pha commune

Chau Pha Commune People’s Committee proposed, this is the main stream, leading from the flood discharge dam of Da Den lake (Song Xoai commune, Phu My town) to the downstream of Song Ca stream, serving for agricultural irrigation and water. living in Chau Pha commune in particular and Ba Ria – Vung Tau province in general.

Therefore, the leveling, encroaching, preventing flow leads to the risk of water shortage for irrigation for households. Moreover, the filling of soil, encroachment on stream land, not building embankments when the rainy season comes, the soil will landslide, blocking the entire stream, causing inundation in the rainy season.

Mr. Nguyen Tan Hiep, Chairman of Chau Pha Commune People’s Committee, said that after checking the status of Song Ca stream was encroached upon, seeing that the case was beyond its authority to resolve, the CPC had to report in writing and request the Town People’s Committee. coordinate with the provincial functional branches in handling and timely settlement.

It is known that earlier in the inspection of the current state of the stream, the Chau Pha commune authorities invited the Sonadezi Chau Duc company to work, but this enterprise did not coordinate.

Law Messenger will continue to inform the case!