01 Cleaner’s unrelenting words: read more articles to be the general manager Today’s Huawei is led by generals Xu Zhijun, Hu Hou, and Guo Ping, and Ren Zhengfei has already enjoyed his leisure time. Ren Zhengfei claims to be a “puppet” or “mud bodhisattva”, but for nearly 200,000 Huawei people, Ren Zhengfei has always been a “spiritual leader” and a powerful “cultural teacher” . Whenever Ren Zhengfei’s article or internal speech is published, it will always arouse a lot of reviews inside and outside Huawei. Xiaomi Lei Jun once said that he has always been a fan of Ren Zhengfei and will recite many of Ren Zhengfei’s classic speech quotations. Inside Huawei, Ren Zhengfei’s articles and speeches lead the spirit and culture of Huawei people, and there is also a classic legend. . Everyone knows that Huawei has a lot of talents, and some people say, When interviewing at Huawei, don’t ask about academic qualifications, because even a janitor or sweeper may have graduated with a bachelor’s or master’s degree. . There is really a cleaner who published an article in Huawei’s internal journal. In the article, there is a rhetoric, which is classic and vivid. That person Huawei The cleaner said: “At Huawei, after sweeping the floor, you can read the management articles on the wall and go out to apply for the general manager of a small company.” Of course, most of the articles here refer to Ren Zhengfei’s articles. . This unruly remark seems to be ranting, but in Wu Chunbo, Senior Management Consultant, Huawei In the eyes of the professor, he believed that the cleaner’s words were actually not without confidence. According to Professor Wu’s account, the experience of cleaners in Huawei’s internal journals is indeed true in reality. There is a boss in Beijing who graduated from junior high school and started from scratch. From helping others to cook to becoming the boss of a group company, he has always relied on learning from Huawei. Ren Zhengfei has learned all the articles. . Although he only graduated from junior high school, he didn’t even know some words and couldn’t understand some words, but he asked his secretary to record Ren Zhengfei’s articles on his mobile phone and listen to them whenever he had time. I have to say that the growth of this little boss and the motivation and guidance role of Ren Zhengfei’s articles are due to certain factors. 02 Wu Chunbo: Ren Zhengfei is like a “big sponge” Huawei has experienced more than 30 years of suffering, and the technical route chosen by Huawei and Ren Zhengfei has also become a model and benchmark for the domestic business community. Being suppressed because of being strong, being suppressed but not falling, this is Huawei. Many people say that in the domestic business community, there are only three people who can be called entrepreneurs, Ren Zhengfei, Cao Dewang and Dong Mingzhu. Scholars such as Zhang Wuchang, Jin Yinan and Wang Yukun even call Ren Zhengfei the “God of Management” in China. Therefore, learning from Ren Zhengfei has become an inevitable phenomenon inside and outside Huawei. But in fact, Like the little boss who helped people cook, Ren Zhengfei also grew up from a little boss of a second-door dealer, learning constantly, and growing into a business leader. . However, Ren Zhengfei’s learning ability is almost unmatched. Wu Chunwei’s learning ability, Rong Ren Zhengfei, said, “Like a big sponge”, and his absorption capacity is incredibly powerful. . Ren Zhengfei said that Huawei has no success, only growth; Huawei that has grown all the way is also a Huawei that has learned all the way. Whom does Ren Zhengfei learn from? Learn from America, England, Japan, Germany, Puritanism, West Point Military Academy, IBM, Microsoft, Apple, Amazon, Toyota, Sony, Haidilao, SF Express, Learn from the PLA, learn from the Communist Party, learn from Li Xiaowen, learn from Hengshui Middle School, learn from zoology, learn from botany… Ren Zhengfei led Huawei to learn from everything that can be learned, regardless of where it came from. As long as it is good for oneself, and as long as others do better than yourself, it should be rigid, optimized, and then solidified. 03 Haidilao has a Huawei LOGO fruit plate Huawei management consultant Tian Tao recalled, Once on a plane with Ren Zhengfei, a book of four to five hundred pages, Ren Zhengfei read it by the time he got off the plane, and “Old Ren tears off a page after reading it.” When Tian Tao talked about the book with him, he found that Ren Zhengfei had remembered all the important contents and opinions in the book. Ren Zhengfei has a famous theory of “a cup of coffee absorbs the power of the universe”, which is about learning ability. Tian Tao said that the learning power that Ren Zhengfei has brought to Huawei and its people is too powerful. . For example, to learn from the company, Ren Zhengfei also specially issued an EMT resolution, advising all employees to use SF Express once, eat Haidilao once, and feel their service. Huawei Shanghai R&D staff went to Haidilao for a departmental dinner, and returned to the private room after paying the bill. It was discovered that Haidilao had served them a special fruit plate. In addition to fruits, there was also a Huawei logo composed of 8 watermelon peels. Huawei employees were shocked: Do you need talents to make this fruit plate? Do you need technology? Need resources? Do I need IQ? Since then, Haidilao’s case of a Huawei LOGO fruit tray was once widely publicized within Huawei. “ If Huawei wants to keep pace with this rapidly changing era, it must persist in self-criticism, open its mind, and continuously learn from outstanding companies. . “Ren Zhengfei said in the EMT resolution to learn from Haidilao. In this way, Ren Zhengfei went from being a “local citizen” who didn’t understand technology, market, and management, from a small business owner to becoming an entrepreneur, and then becoming the leader of a global technology giant. It has to be said that Ren Zhengfei is Huawei. The person who learns best is also the person who makes the fastest progress. And Huawei, from the original 6-person self-employed, from small to large, from weak to strong, has grown into today’s global leader in 5G technology and a leader in the communications industry. He has become a Chinese high-tech representative who can compete with the world’s top technology giants such as Samsung, Apple, Cisco, and Qualcomm. Huawei Six Gentlemen 04 Ren Zhengfei: I suggest reading more of my articles The ever-growing Huawei provides a platform for everyone at Huawei to grow. On this platform, they can not only create and share value together, but more importantly, they can share knowledge together. Wang Yukun, who has followed up on Huawei and Ren Zhengfei for more than 20 years, believes that since Huawei has requested Peng Jianfeng, Wu Chunbo, Tian Tao and other “Six Gentlemen of the People’s Congress” helped draft the “Huawei Basic Law” After the introduction of IBM’s system and process construction, Huawei established a set of standards and processes in the system, gradually forming Huawei’s unique collective wisdom decision-making mechanism, and then when the rotating CEO system was established, Ren Zhengfei has officially become Huawei’s “idle person”, without signing or caring about specific affairs, he has become Huawei’s “cultural and thought teacher” “. However, the articles and speech mails of “Cultural and Ideological Teachers” are the essence of Huawei’s culture and thinking. For example, Ren Zhengfei’s famous “A River of Spring Water Flows East”, Former Huawei chairman Sun Yafang once wrote that Ren Zhengfei’s article “is a true epitome of Huawei’s growth and his expectations for the rotating CEO. . He plainly told the succession team of the “Tao” he had learned throughout his life, and hoped that the succession team would truly understand this “Tao”. ” Ren Zhengfei’s articles and e-mail speeches during the critical period of Huawei are not only a manifestation of Ren Zhengfei’s leadership of Huawei’s strategic thinking, but also passed through rounds of internal discussions or revisions within the company. Are all tempered “. Within Huawei, Ren Zhengfei also pointed out in many speeches: “ I suggest you read more company documents and read more of my articles.Read it once a week, you will definitely improve faster than others”, “If you understand, don’t you have a little strategic insight “… Ren Zhengfei and Huawei’s management articles can gain insight into strategies after reading them. Such articles, It’s no wonder that Huawei’s cleaners can speak up. Read more articles on the wall and you can go out to be the general manager of a small company. . “Huawei has no secrets. Anyone can learn or know how to learn.” This is Ren Zhengfei’s attitude towards learners and imitators. Of course, for many outside Huawei learners, it is not easy to really learn Huawei and the essence of Ren Zhengfei’s thoughts. but Huawei has no secrets, why can’t many domestic companies learn it? This is a question worth pondering. 05 Understand Ren Zhengfei and Huawei To understand and learn from Ren Zhengfei and Huawei, it is necessary to understand the sufferings of Ren Zhengfei and Huawei. “Without setbacks, you don’t know how to take the right path”, “The bird that can’t die is a phoenix” The sufferings of Ren Zhengfei and Huawei also made Huawei and Ren Zhengfei. From grassroots private enterprises with the “three noes” to technology giants, to being undefeated in the face of strong pressure, Huawei has become the benchmark and banner of the domestic business community. “I hope more Huawei or Ren Zhengfei” will become a country. People’s general expectation. Mr. Wang Yukun, a well-known financial writer who has followed up on Huawei for more than 20 years, passed Interviews with Huawei people, as well as in-depth communication with Ren Zhengfei over the years, refer to the millions of words in Huawei’s internal speeches and president’s emails In order to fully and comprehensively analyze how Ren Zhengfei led Huawei to invincibility, Wang Yukun wrote his profound understanding of Huawei and Ren Zhengfei’s management philosophy into a “Suffering Hero Ren Zhengfei”. “The Suffering Hero Ren Zhengfei” is different from most biographies about Ren Zhengfei. From the sufferings of heroes, the life with gray scale, the way of living in complex environments, the reference of world powers, the development of heroes, team building and innovation strategies In-depth analysis has been done in other dimensions, presenting Ren Zhengfei’s unique corporate management philosophy and philosophy. This is a book about men, fathers, and companies. It tells the sufferings of Ren Zhengfei’s growing up experience and the influence of his parents on him. It analyzes the ups and downs he has gone from leaving a state-owned enterprise to starting a business to today, and what he has experienced. Sadness, hardship, tribulation, despair, persistence, etc. “Ren Zhengfei, Hero of Suffering” uses two parallel clues: Ren Zhengfei and Huawei, A complete and panoramic analysis of Huawei and Ren Zhengfei, presents to readers a history of Huawei’s thoughts that has undergone 30 years of changes, and allows readers to understand the reasons why Huawei’s employees are unified, cohesive, and step by step to the world. As Ren Zhengfei said: “If you don’t go through setbacks, you don’t know how to move on the right path.” “The Suffering Hero Ren Zhengfei” hopes that entrepreneurs in trouble can feel the breakthrough of business leaders and the power of role models, and follow Ren Zhengfei to see more clearly, farther and higher .

Customers are using the electricity customer management system built by EVNICT. Hoang Dung/BNEWS/VNA Specifically, the Corporation promotes the application of digital technology to innovate and improve the management and operation process of the power system; Design experiences to attract more and more customers to interact on digital channels, enhance analytics to understand customers. The Corporation also improves processes, optimizes corporate governance, enhances governance and data-driven decision-making; Build a digitally savvy, conscious and skilled workforce. At the same time, build a strong and flexible digital ecosystem, maximize shared services and data, and enhance security. This transformation, according to EVNSPC’s General Director, aims to improve management capacity and efficient exploitation and operation of the power grid; improve the quality of customer service in the field of electricity business. Besides, improving project management capacity in the field of construction investment; improve internal management capacity; improve telecommunications infrastructure capacity, apply digital technology platforms. In order to carry out the set tasks, EVNSPC has developed specific plans and solutions. One of the remarkable solutions being implemented by the Corporation is the successful deployment of interconnected and integrated shared applications of the Electricity of Vietnam (EVN) according to the roadmap, and at the same time studying develop specific software to meet the requirements of sustainable development of EVNSPC. Along with the coordination to complete the overall monitoring system of information technology and telecommunications infrastructure, used exclusively as a capacity building tool for management consulting and administration on the application and development of science and technology in Vietnam. At all levels throughout EVNSPC, the Corporation also ensures information safety and security at all levels, meeting the readiness for the digital transformation roadmap for the period 2021 – 2022./

World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus. Photo: Reuters At a press conference on the same day, Tedros Adhanom Ghebreyesus affirmed that global inequality in access to vaccines remains one of the biggest risks to efforts to end the pandemic. According to WHO data, high- and middle-income countries that account for 53% of the world’s total population have received 83% of global vaccines. In contrast, low- and middle-income countries that account for 47 percent of the world’s population received only 17 percent of vaccines. Therefore, the head of the global health agency believes that cooperation is the only choice for the world to achieve the above goal. “We cannot defeat this pandemic through competition. If competition for resources or geopolitical advantage, the virus will prevail,” said Tedros Adhanom Ghebreyesus. Previously, on May 7, WHO approved the BBIBP-CorV Covid-19 vaccine developed by China’s Sinopharm pharmaceutical company for use in emergencies. China has decided to provide 10 million doses of Covid-19 vaccine to WHO’s COVAX global vaccine access mechanism, to meet the needs of developing countries. This move will help alleviate vaccine shortages globally, especially in low- and middle-income countries. Step 1: Visit https://www.bluezone.gov.vn or download directly at App Store or CH Play. Step 2: Once downloaded, the application will ask for permission to use Bluetooth to record contact with other Bluezone installed users. If Bluetooth is not open, drag the status bar and turn on Bluetooth; or go to Settings, select Bluetooth and turn it on. Step 3: Once the installation is done, click Scan Around. If someone near you less than 2m has used Bluezone, the application will automatically identify these users and put them in the contact list.

Mr. Jens Lottner, Chief Executive Officer of Techcombank presented at the AGM Specifically, in the period of 2021 – 2025, the Bank will focus on the most profitable sources such as home loans, CASA, asset management and promote strengths such as high-income customer segments. , real estate, payment. “Along with that, the bank will continue to diversify its revenue sources, participating in areas with potential growth in the future such as SMEs lending, ecosystem development, and partners,” said Mr. Jens Lottner. Mr. Jens Lottner also admitted that, so far, Techcombank has focused on the real estate sector, but this decision is not baseless, but carefully selected about customers. However, Techcombank also has a strategy to diversify into other areas such as telecommunications, energy … industries that play an important role in the economy and not only focus on large customers but small businesses, medium and personal. According to Mr. Jens Lottner, the next way Techcombank has a new vision is to change the banking industry, elevate the value of life. The Bank will serve different customer segments with the mission of leading the digital journey of the financial industry and each individual and organization makes a breakthrough to achieve success. “Outperforming every day, thereby bringing more value to customers and existing and future shareholders”, Mr. Jens Lottner emphasized. Techcombank Chairman and CEO run the Q&A session at the AGM Mr. Jens Lottner added that the Bank aims to reach a capitalization of 20 billion USD in 2025. Along with that, CASA rate will reach 55%; Return on equity (ROE) reached 20%. Techcombank’s market capitalization reached more than $ 5 billion in 2018 and at present it is close to $ 6 billion. Regarding the target of capitalization of 20 billion USD by 2025, are shareholders questioned whether they are ambitious? Techcombank’s CEO said: “The Bank will focus on sustainable, balanced, maintained and continuous growth to reach $ 20 billion by 2025.” In 2021, Techcombank targets a pre-tax profit of 19,800 billion, up 25.3% compared to the result in 2020. Credit balance is expected to reach nearly 356,200 billion, growth of at least 12% year-on-year. last and as far as the State Bank allows. Deposit value (including certificates of deposit for individual customers) is expected to reach VND 334,291 billion, growing at least 14.7% and in line with actual credit growth. “Confident with a new goal in 2021”, Mr. Jen Lottner confirmed. It is known that the restructuring loan balance under Circular 01 of Techcombank tends to decrease gradually over the quarters. From 3.6% in the second quarter of 2020 to 2.8% by the end of the fourth quarter of 2020. Techcombank’s capital adequacy ratio (CAR) is 16.1%. The loan-to-deposit ratio is at 78.1%; The ratio of short-term capital for medium and long-term loans is 33.9%. Notably, this meeting elected a new member of the Board of Directors with the candidate Mr. Ho Anh Ngoc (Chairman Ho Hung Anh’s brother). Thus, the number of members of the Board of Directors of the bank is expected to increase from 8 to 9 people. Looking back at the Bank’s business in 2020, Techcombank’s General Director said that it was an unprecedented difficult year in the world, but it was also an unprecedented year when Techcombank achieved many achievements. 2021 is the end of the 5-year strategy set and also a pivotal year for the next 5-year strategy. It is known that Techcombank has the highest credit growth in the industry, using up the credit limit assigned by the State Bank, in addition, mobilization also increased sharply, especially demand deposits (CASA). Mr. Ho Hung Anh, Chairman of Techcombank said that Techcombank maintains a very strong CASA development strategy, CASA market is only 22%, but Techcombank is up to 46%. “The Bank’s NIM is not high, not because of high interest rates, but because of cheap capital costs, high CASA,” he said.

Sharing about the achievements after more than a decade of operating the factory in Dong Nai, Mr. Anup Kumar Dave – General Director of Kirby Southeast Asia Company, proudly: “We have built the Kirby brand in the area. Industry, and beyond, Kirby has cooperated to carry out a wide range of projects from large corporate clients, from multinational corporations to domestic enterprises. build more than 2,000 projects in the region “. Mr. Anup Kumar Dave has repeatedly come to Vietnam for business or travel, but starting in 2009, he really thought about coming here to live and work. At that time, he was in charge of the insulation business. “When I received an offer to work for a business in the building materials industry in Ho Chi Minh City, I immediately said yes because I liked this place. I officially came to Vietnam to work next year. 2011 “. THE SALARY SALARY WITH VIETNAM For a foreigner who first comes to work in Vietnam, encountering unexpected difficulties, or even cultural “shocks”, is unavoidable. However, Mr. Anup adapted very quickly: “There were some small difficulties but it was due to cultural differences and I was able to adapt quite quickly because I had experienced some jobs before. in a multicultural environment “. Ten years working in Vietnam gave Mr. Anup Kumar Dave a new perspective on work and life balance as well as how to improve productivity to achieve efficiency. “We have created an excellent staffing system and have been able to develop a number of markets to improve our business. However, I think that Vietnam still needs good labor law regulations. so that both employers and employees are equal and fair. This will further improve the business environment in Vietnam “, Mr. Anup emphasized. Mr. Anup Kumar Dave – General Director of Kirby Southeast Asia Company In Vietnam, Kirby Southeast Asia has been operating since 2008 with the factory located in Nhon Trach 3 Industrial Zone, Dong Nai province. The company has offices in the city. Ho Chi Minh City, Da Nang, Hanoi and Southeast Asian countries to facilitate serving the needs of customers quickly and best not only in Vietnam but also for countries in and outside the region such as Thailand. , Burma, Singapore, Malaysia, Indonesia, Philippines, Laos, Cambodia, Sri Lanka, Brunei and Australia. KIRBY WAY AND HUMAN USE VIEWS In many past conversations, Mr. Anup always emphasized that one of the keys to Kirby’s success in the development process is adhering to the company’s core values ​​and principles – ” Kirby Way ”. The Kirby Way is the driving force behind the company to focus on innovation, train people and empower people to increase engagement, connection and better decision-making for the job. From a human resource perspective, Kirby views employees as a core asset. Mr. Anup believes that organizations and businesses can only succeed if people are given the opportunity to contribute effectively and they work with full energy and enthusiasm. Kirby can only succeed, whether in Vietnam or anywhere, if it has a team of professional staff. When the team is professional, everyone will agree. In order for employees to agree, the company must have clear and commensurate regulations on rights and responsibilities. “I hope that, regardless of position in the company, each employee will get the income they deserve for their efforts,” Mr. Anup said frankly. “Besides, everyone is able to do the right thing to their ability. Make sure that employees are always working in a fair environment,” said Anup. “In the last three years, Kirby Southeast Asia has added more than 50 people every year, when we hire, we look at the attitudes and background knowledge about the job that person applies for. Good attitude, a lack of knowledge can be completely supplemented through the training process.Good attitude is a willingness to learn, take responsibility, take initiative and commit to a collective goal. “, Mr. Anup shared. The Kirby Way is the driving force behind the company to focus on innovation, train people and empower people to strengthen connectivity. From a business perspective, Kirby Way is customer-centric. “We had to change our mindset, go further to help our customers with all the support we could possibly have and even exceed their expectations,” recalled Anup thoughtfully. “There have been a few times when we have been challenged to deal with the increasing needs of our customers and we have succeeded in ensuring that the customer remains a top priority. Because there are customers. Only us, “Mr. Anup said. GENERAL DIRECTOR WITH HEAVY INDUSTRIES Before coming to Vietnam, Mr. Anup worked in India, Africa (Kenya), Europe (Italy) … His experience throughout his career was in the metal industry, Mr. Anup used to be works in hot rolled steel, cold rolled steel and aluminum and steel fabrication industries. Vietnam is the place where he stops the longest and pre-engineered steel is also an area in which he focuses a lot. In his own opinion, he thinks that the steel industry in Vietnam has grown significantly and more than doubled its production capacity within more than 10 years. This remarkable development stems from the ability of local producers to produce world-class quality. “The markets in Southeast Asia are developing but growth in Vietnam has been quite quiet over the past few years. Demand is expected to stabilize in the coming years. Product quality is sure to grow. due to rapid adoption of new production technology by manufacturers in Vietnam. Kirby has two distinct advantages in Vietnam: fixed labor costs and availability of skilled workers, “said Anup. Kumar Dave said. In our business, single-digit margins and high claims “Heavy industry is labor-intensive, the competition is huge and sometimes does not follow ethical principles,” Mr. Anup said, emphasizing: “Our industry supplies materials for operations. Capital construction dynamics are very cost- and time-sensitive, so there is a huge pressure on returns and cash flows due to delayed payments. considered unattractive In our business, single-digit margins and high claims So, higher risks and lower profits. The manager must look for other more efficient opportunities that the employee cannot intuitively understand. ” However, what he sees as his personal strength when working in heavy industry is the associates he works with. “I’m always focused on driving them to learn more and manage their time efficiently. Therefore, we focus on training and empowering employees to be more proactive in their work and commit realism. Currently, Kirby’s overall goal is to become the best pre-engineered steel building supplier in Southeast Asia, ”said Anup his secret to success. Kirby is one of the leading manufacturers of pre-engineered steel (PEB) buildings in the world. As a subsidiary of Alghanim Industries Group, Kirby is one of the few largest privately owned corporations in the Gulf region, with over 40 years of experience in manufacturing and sales in more than 70 countries. world.

Internet photo

Losing money for many years

Vietnam Industrial Construction Joint Stock Corporation (Vinaincon, VVN code – UPCoM transaction) was established in 1998, with charter capital of 550 billion VND, and 82.75% of state capital represented by the Ministry of Industry and Trade. The company specializes in construction and installation, basic construction.

The audited financial statements of the parent company 2020 have just been announced by VVN, showing that the total assets of the company is 987 billion VND. Revenue from goods sold and service provision in 2020 will reach 313 billion VND but COGS is 314 billion VND, so gross profit is negative 724 million VND.

Revenue from financial activities is 48.4 billion VND. The cost of business management is 30 billion. Net profit reached 9.3 billion. Thereby, after-tax profit reached 13.2 billion.

According to the note, the revenue from financial activities mainly comes from deposit interest, interest of 18.4 billion dong, and dividend of 29.9 billion dong.

It is known that VVN invests in many subsidiaries and associates. These companies are mostly profitable, the highest profit is from Thu Duc Centrifugal Concrete JSC (13 billion VND) and An Giang Centrifugal Joint Stock Company (6.1 billion VND).

Up to this point, VVN has not yet released its 2020 consolidated financial statements. In early April 2021, VVN also submitted a request to extend the time to hold the 2021 Annual General Meeting of Shareholders for the reason that results were summarized. The Corporation’s production and business have not been completed yet because the work-in-progress valuation and debt comparison with the investors are difficult and prolonged.

According to the annual report of 2019, although the total revenue and other income in 2019 increased by 126.7% compared to 2018, reaching more than 4,443 billion VND, but the cost of goods sold was high. In addition, the investment from Quang Son Cement Company Limited lost a loss (minus 126 billion VND), making the company’s profit in 2018 and 2019 all negative numbers.

In 2020, the company has a decision to dismiss Mr. Hoang Chi Cuong – General Director, instead appointing Mr. Do Chi Nguyen.

Please clarify the role of Vinaincon

From April 12, Hanoi City People’s Court brought to trial with 19 defendants who are leaders of Vietnam Steel Corporation – VNS, Thai Nguyen Iron and Steel Joint Stock Company – TISCO on wrongdoing in this project with behavior like Adjusting the investment structure, signing the contract appendix, separating part c from the EPC contract, signing subcontracting contract with Vinaincon according to unit price, leading to breaking the EPC contract principles …

Vinaincon is a subcontractor involved in Thai Nguyen Iron and Steel Phase 2 project. In 2009, the EPC contract between Thai Nguyen Iron and Steel Joint Stock Company – TISCO and Chinese contractor MCC had problems due to consecutive MCC. contract breaking.

On April 29, 2009, Vinaincon sent a document to the Ministry of Industry and Trade, Vietnam Steel Corporation – VNS (granting investment decision) and TISCO to register as a subcontractor.

On May 14, 2009, on the basis of the request of Vinaincon, the Ministry of Industry and Trade sent a document 4320 to VNS, TISCO with the content that the Ministry of Industry and Trade commented, “Vinaincon is a capable and experienced unit in the field. construction and installation of industrial construction works. Request VNS, TISCO to consider and approve Vinaincon to be the subcontractor to perform Part C ”.

On June 26, 2009, Mr. Mai Van Tinh – former Chairman of the Board of Directors of VNS signed a written agreement to allow Vinaincon to be a subcontractor. After that, TISCO, Vinaincon and MCC signed the contract.

However, in 2010, Vinaincon returned his job to TISCO due to insufficient capacity. TISCO had to subcontract with 13 other companies, but the project was still incomplete, capitalized and caused a loss of more than VND 830 billion to the state.

Some defendants admitted that they accepted Vinaincon because of the above document from the Ministry of Industry and Trade.

Defending defendant Tran Trong Mung (former General Director of TISCO), lawyer Truong Anh Tu said that in the conclusion of the project, the Government Inspector has determined that the Ministry of Industry and Trade has introduced and proposed VNS, TISCO to accept It is not the right authority for Vinaincon to be a subcontractor.

Lawyer Nguyen Thi Minh Yen, defending defendant Dong Quang Duong (former deputy director of TISCO), stated that: TISCO’s approval of Vinainco as a subcontractor for MCC must first mention the responsibility of the Ministry of Industry and Trade in the issue of introducing Vinainco and confirming Vinainco’s capacity to lead to a tripartite contract between TISCO – MCC and Vinaincon. Next, the fact that Vinainco voluntarily stopped implementing part c was due to the subjectivity of Vinaincon.

Therefore, the lawyer proposed to return the file to investigate and review the responsibility of the Ministry of Industry and Trade; Collect documents and evidence of Vinaincon’s performance of the contract, clarify how Vinaincon appoints 13 subcontractors? …

Since the outbreak of the new crown pneumonia epidemic last year, traditional Chinese medicine and integrated traditional Chinese and Western medicine have played an important role in clinical treatment and have also provided new opportunities for the development of Chinese medicine companies. At the beginning of this year, the General Office of the State Council issued a notice on several policy measures to speed up the development of Chinese medicine characteristics, injecting development momentum into the Chinese medicine industry at the policy level.

Regarding the current market environment faced by the Chinese medicine industry, Jack Ma analyzed in his speech that as Western patent medicines face a decline in gross profit after “purchasing in quantities”, Chinese medicine will become a special supplement in the future. Regarding the development of traditional Chinese medicine, Ma Yun summed it up as “four regressions”: classic return, ecological return, quality return, and academic return. At the same time, the future development of traditional Chinese medicine will be a “classic road to large varieties”.

For Zhongjing Wanxi Pharmaceutical, the company began to study how to promote classic Chinese medicines in 2019, and proposed a “3 minutes to explain classics” in 2020 to empower product sales and retail. Jack Ma explained that the ultimate goal of “Explaining Classics in 3 Minutes” is to clarify the advantages and disease types of classical Chinese medicine in a particularly easy-to-remember and focused way, and to re-explain the essence of Chinese medicine.

In the process of “telling classics in 3 minutes”, Zhongjing Wanxi Pharmaceutical established a classic Chinese medicine value evaluation model, and conducted standardized research on the question of “how classic Chinese medicines come from”, including technology and raw materials from multiple perspectives. Zhongjing Wanxi Pharmaceutical also studied classic Chinese medicine with experts from various fields, repositioning classic products from the perspective of respecting history and digging into the ancestors, and proposed the “five parts and sixteen methods.” Ma Yun said that Zhongjing Wanxi Pharmaceutical has studied classic brands in terms of product positioning, theoretical basis, disease analysis, medication plan, dosage form notes, etc., reflecting the classic value of traditional Chinese medicine.

Compared with the past talk about function and main treatment, Zhongjing Wanxi Pharmaceutical has made innovations in the form of educating consumers. It has launched picture books, reading books, videos, shorthand cards, etc., which vividly interpret Chinese patent medicines in multiple forms. Jack Ma said that the purpose of “telling classics in 3 minutes” is to enable employees to speak and empower customers; customers can use it, consumers can accept it, and serve as a drain for the company. This will be a correct “open way” to deliver classic Chinese medicine by audience, level, time, space, and content.

“Ultimately, we want to contribute to the goal of’Healthy China 2030′ through the ‘3 minutes to explain the classics’, and work with our strategic partners to contribute our own strength to the promotion of Chinese medicine culture, the confidence of Chinese medicine culture, and the revival of Chinese medicine culture “Ma Yun said.

The meeting between leaders of Foreign Investment Department, Hai Phong Economic Zone Authority and LG Electronics Vietnam

At the meeting between the leaders of the Foreign Investment Department (Ministry of Planning and Investment), Hai Phong Economic Zone Authority and LG Electronics Vietnam Company in Hai Phong on the afternoon of April 14, Mr. Jung Hai Jin, The General Director of LG Electronics Vietnam in Hai Phong shared about LG Group’s withdrawal from smartphone production in Hai Phong.

Mr. Jung Hai Jin said: “Smartphones are one of many other electronic products that LG is making here. The withdrawal or reduction of smartphone production at the Hai Phong factory is the policy of LG Electronics globally. in product restructuring. ”

Previously, according to Business Korea, LG Electronics was gradually closing factories in Taubate (Brazil) and Qingdao (China). LG’s cessation of smartphone production in Hai Phong is part of the group’s policy to withdraw from the smartphone market to focus resources on better growing businesses such as electric vehicle components, cars, and equipment. connections, civil electricity …

LG Electronics Vietnam in Hai Phong officially came into operation in 2013, up to now, this enterprise has an investment capital of up to 1.5 billion USD, including factories manufacturing products such as audio-visual equipment, home appliances, informatics products, air conditioners and air solutions, beauty equipment … to supply to the global market.

Right at this moment, LG Electronics Vietnam Hai Phong is investing in an additional factory to produce super super washing machines, this factory has a factory area of ​​up to 43,000m2, adjacent to the phone factory. This factory is expected to come into operation by the end of 2021.

Mr. Le Trung Kien, Head of Hai Phong Economic Zone Authority, said that LG Electronics Vietnam is part of LG Group’s group of manufacturing companies located in Trang Due Industrial Park. Compliance with regulations and policies on investment law and the environment and make a great contribution to the export and import turnover, as well as the city budget. In particular, LG Electronics Vietnam is a business with good links and cooperation with the business community in increasing the localization of products and focusing on the welfare of employees.

At the meeting, Mr. Do Nhat Hoang, Director of the Foreign Investment Department, said that an enterprise or a corporation changes its production and business strategy, positioning its products to suit its capacity. Intrinsic is very normal, especially, in the face of a breakdown in global supply chains due to the Covid 19 pandemic, the restructuring of enterprises is inevitable and necessary.

Sharing the company’s policy, Mr. Jung Hai Jin, General Director of LG Electronics Vietnam in Hai Phong said that LG Group in general and LG Electronics in particular define Vietnam as a country with an investment environment. Safe, attractive, so maintaining and continuing to invest here is a long-term and sustainable development strategy.

Before the information around the smartphone factory in Hai Phong, Mr. Jung Hai Jin affirmed: “We have no plan to sell the factory, but if the product restructuring, this facility will be transformed. to the new function, all workers working in the smartphone factory will be kept intact to serve the production of other products “.

Ministry of Industry and Trade is responsible?

In court, the defendants have the right to argue before the prosecution’s allegations that they are responsible for the VND 830 billion loss case at the Thai Nguyen Iron and Steel Phase 2 Production Expansion Project (TISCO).

Defendant Tran Trong Mung, former General Director of TISCO, was the first to have the right to argue, but asked lawyer Dinh Anh Tuan to defend himself. Previously, defendant Mung was offered a penalty of 10-11 years in prison by the Procuracy because he was accused of having the main responsibility in the case when he did not terminate his contract with China Metallurgical Science, Technology and Trade Group (MCC) even though this business has violated.

Project of production expansion phase 2 of Thai Nguyen Iron and Steel Company stopped construction for many years. Photo: GENERAL WRITE

The proceeding agency said that the defendant should Mung must terminate the contract with MCC, withdraw the advance; report to the authorized person to cancel the bid or to re-bid. However, he directed to negotiate at the request of MCC; sign a written request for price increase of part C (construction and installation) in the EPC contract of the project.

The Procuracy also accused Mung of introducing and accepting the Vietnam Industrial Construction Corporation (VINAINCON) as a subcontractor. Since then, VINAINCON is not qualified, so in 2011, construction has stopped, making the project unfinished so far.

Defending defendant Tran Trong Mung, lawyer Dinh Anh Tuan said that it is necessary to consider the responsibility of the Ministry of Industry and Trade when introducing VINAINCON to the defendants in the case so that they can choose to be subcontractors.

According to lawyer Dinh Anh Tuan, the main responsibility in introducing VINAINCON must belong to the Ministry of Industry and Trade; TISCO and Vietnam Steel Corporation – VNS are only liable for joint responsibility.

Lawyer Dinh Anh Tuan also said that his client only has a part of responsibility in introducing VINAINCON as a subcontractor, so he asked the court to transfer the crime from “Violation of regulations on the management and use of property. water causes loss and waste “to” Lack of responsibility, causing serious consequences “.

Regarding the alleged loss of VND 830 billion, VINAINCON was approved as a subcontractor, the defendants are former leaders at TISCO and VNS declared, they accepted because there was a document signed by the Ministry of Industry and Trade signed by a Deputy Minister. In the document, the Ministry of Industry and Trade said that VINAINCON is an enterprise of the Ministry with good capacity.

“Choose VINAINCON because according to experience”

Before that, in the questioning section, judge Truong Viet Toan asked VINAINCON’s representative, Mr. Hoang Chi Cuong (at the time of project implementation, VINAINCON’s General Director) to clarify the capacity of this business when being introduced to a subcontractor in the EPC contract.

Judge Truong Viet Toan asked Mr. Hoang Chi Cuong to confirm that at the time the bid received the requested documents from MCC and TISCO?

Mr. Hoang Chi Cuong affirmed that he has not received any documents yet.

Seeing “unreasonable”, because there is no request dossier in the bid, but VINAINCON is a subcontractor, judge Truong Viet Toan asked: “Without the request, on what basis for VINAINCON to respond. Asked to bid? ”

Mr. Hoang Chi Cuong said that this is just the selection of subcontractors of MCC, this is not the bidding document!

2 representatives of VINAINCON presented in court. Photo: DO TRUNG

Explaining to the representative of VINAINCON, judge Truong Viet Toan said that the selection of a contractor is also a form of bidding in the Bidding Law, in which the Bidding Law governs; the only difference is that public bidding or appointment of contractor, appointment of contractor is also a form of bidding.

“In the EPC contract, the general contractor MCC has the right to select the contractor according to the method of bidding or contractor appointment. Also in the same contract, the provisions of the contractor’s responsibility depend on the MCC; MCC selects subcontractors on the basis of bidding or contractor appointment. Bidding or appointment of contractors is ultimately regulated in the Bidding Law. Bid preparation will include requirements documents, in which the project owner will require to do what works, how economic and technical efficiency, progress on time, construction design, evaluation of works. What is the project’s environmental impact? Perhaps you do not understand what the required documents are, “said judge Truong Viet Toan.

According to Judge Truong Viet Toan, the selection of contractors, appointment contractors or tenders are all governed by the Bidding Law; In the initial steps, there are bids, in the bidding documents there are requirements.

“I asked to see how the pressure is. Because all the defendants at TISCO declared the selection of VINAINCON, this is an incompetent and inexperienced unit. And based on that dossier of request, how VINAINCON responded according to the required dossier, to see if it is true or not, ”said judge Truong Viet Toan.

Meanwhile, Mr. Hoang Chi Cuong continues to affirm that his business is a subcontractor and has never received the required documents from TISCO and MCC.

Judge Truong Viet Toan continued to prosecute: “So on what basis to sign a three-party contract?”

“Signing a 3-party contract on the basis of the capacity and experience of VINAINCON for the previous works done”, said representative of VINAINCON.

Judge Truong Viet Toan interrupted: “But, in reality, there are things that cannot be empiricist. How do you see the specific capabilities of VINAINCON in this project? “

Please be presented more, Mr. Hoang Chi Cuong said that VINAINCON has done many great projects since the 1960s, such as Apatite Lao Cai, participated in the construction of Thai Nguyen Iron and Steel Area from the beginning, Supe Lam Thao, steel, hydropower …

“Those are achievements, this is not a meeting to raise achievements and reward for emulation”, judge Truong Viet Toan asked Mr. Cuong to focus on the question …

After 3 days of questioning, on April 14, the representative of VKSND Hanoi announced the impeachment of 19 defendants related to wrongdoing at the second phase of production expansion project of Thai Nguyen Iron and Steel Company (TISCO).

Break contract rules

Accordingly, the VKSND proposed the Panel to sanction the defendant Tran Trong Mung, former General Director of TISCO, from 10-11 years in prison; Mai Van Tinh, former Chairman of the Board of Vietnam Steel Corporation (VNS), from 6-7 years in prison; Tran Van Kham, former Chairman of the Board of Directors, General Director of TISCO from 9-10 years in prison; Dau Van Hung, former General Director of VNS from 3-4 years in prison and 11 other defendants were recommended from 2-7 years in prison with the same crime “Violation of regulations on management and use of state property causes losses. , waste”. In addition, 4 other defendants were recommended 1-3 years in prison for the same crime of “Lack of responsibility, causing serious consequences”.

Defendant Mai Van Tinh at the trial

According to VKSND, TISCO is the investor of the second-phase production expansion project of TISCO. The VNS Board of Directors is the level of investment decision, with the function of directing project implementation. The winning bidder is China Metallurgical Science, Technology and Trade Corporation (MCC).

During the implementation of EPC Contract No. 01, more than 11 months from the effective date of the contract, MCC has not selected and signed the contract with the subcontractor; the detailed design of the items has not been completed, the machinery and equipment are not ordered to manufacture, the contract items have not been executed, but all people have been sent home; repeatedly proposed to extend the contract performance period; Unwarranted contract price increases …

With the assigned functions, duties and powers, defendant Mung is the General Director of TISCO and defendant Tinh, the Chairman of the Board of Directors of VNS, did not consider, direct the suspension, termination of the contract, withdrawal of advance payment, and use the contract penalty clause, report to the competent person for consideration to cancel the bid and re-organize the bidding according to regulations. On the contrary, the defendants directed the violations of the investment laws and the EPC Contract No. 01 to continue the contract performance, together with their subordinates in directing relevant individuals to the organization making adjustment of cost estimate part C. Along with that, participating in subcontracting to perform Part C of EPC Contract No. 01 in the form of unit price contract, TISCO directly takes over, takes over and makes payment. for the subcontractor to implement Part C, bear all risks, break the principle of implementing the contract in the form of a package, creating conditions for MCC to have a reason to deny the responsibility of implementing EPC Contract No. 01.

Competent contractor approval

In addition, the defendants also agreed that the Vietnam Industrial Construction Corporation (VINAINCON) was not qualified as a subcontractor to implement Part C of the EPC Contract No. 01, resulting in the project being delayed. raising interest rates, increasing investment costs, causing a particularly serious loss of state assets of more than VND 830 billion. The defendant’s behavior also adversely affects the interests of workers, indirectly adversely affects the economic development process and is currently a burden on the economy, affecting social security.

In this case, defendant Mung has the main role, is the person who directs and organizes the implementation of the offense. Specifically, when MCC breached the contract, the defendant directed to negotiate with MCC to separate Part C from EPC Contract No. 01, TISCO organized the implementation and took the risk; sign documents to report VNS and the Ministry of Industry and Trade request to report to the Government for approval of price adjustment for part C of the contract; Introduce and approve VINAINCON is not qualified as a subcontractor to perform Part C according to unit price …

Defendant Tinh is a co-offender of active crime. When TISCO reported the breach of the contract by TISCO, the defendant directed to negotiate with MCC to resolve the arising of EPC Contract No. 01; directly sign documents to request the Ministry of Industry and Trade to report to the Government for cost adjustment part C of EPC Contract No. 01; signed a document requesting the Government to agree on the policy of approving that VINAINCON is not qualified as a subcontractor to perform Part C; sign the written approval and assign the capital representative of VNS at TISCO to approve the adjustment of the total project investment structure, including the provision for part C of EPC Contract No. 01 increased by 15.57 million USD has no legal basis, is not in accordance with the provisions of EPC Contract No. 01.