“Investor Net” Wu Wei

On June 4, ten days before the Dragon Boat Festival in 2021, Zhejiang Wufangzhai Industrial Co., Ltd. (hereinafter referred to as “Wufangzhai”), which changed its sponsoring brokers three times in just two years, finally submitted a prospectus to the China Securities Regulatory Commission. The company officially applied for listing on the main board of the Shanghai Stock Exchange.

As a well-known zongzi product brand, Wufangzhai began accepting listing counseling as early as April 2019. The sponsoring broker at that time was GF Securities Co., Ltd. (hereinafter referred to as “GF Securities”, 000776.SZ); in January 2020, Wufangzhai replaced the sponsoring brokerage with China International Capital Corporation (hereinafter referred to as “CICC”, 601995.SH); however, the cooperation between the company and CICC has not exceeded one year. In December 2020, Wufang Zhai also replaced the securities firm with Zheshang Securities Co., Ltd. (hereinafter referred to as “Zheshang Securities”, 601878.SH).

Beginning in 1921, Wufangzhai became the first batch of “Chinese time-honored” enterprises to become famous for making zongzi. After restructuring and privatization of collective enterprises, the company is no longer just a zongzi production enterprise. After years of development, Wufangzhai also has business lines or product lines such as catering stores, moon cakes, glutinous rice balls, cakes, egg products, and other rice products.

However, like many old brands, in addition to products such as rice dumplings and finished dishes and semi-finished products, the moon cakes, glutinous rice balls, pastries, egg products, and other rice products sold in Wufangzhai are all processed and produced by OEMs. Even for the famous zongzi products, Wufangzhai is increasingly dependent on OEM production.

As a company that produces seasonal foods, in order to ensure the stability of the company’s income, Wufangzhai has established direct-operated or franchised stores in high-speed service areas, high-speed rail stations, shopping malls and other places with large numbers of people, but these stores have different profits and losses. From 2018 to 2020, the total number of the company’s directly-operated stores has declined. By entrusting processing to expand product lines and raising funds to build an e-commerce center, can “Wufangzhai” be transformed into an Internet food brand as it wishes?

The historical evolution of collective enterprise restructuring is complicated

The predecessor of Wufangzhai was the overall reorganization of the Wufangzhai Zongzi subsidiary in Jiaxing City, and was jointly established by Jiaxing Department Store, Jiaxing Meat Center, Jiaxing Brewing, Jiaxing Academy of Agricultural Sciences and 582 natural persons. From the perspective of property rights structure, Wufangzhai is a collective enterprise. At the beginning of its establishment in 1998, Wufangzhai still left 520,000 shares that were not clearly vested, and the remaining shares accounted for 4.29% of the company’s total share capital.

From 2001 to 2004, the shareholders of Wufangzhai carried out multiple equity transfers. The predecessor of the company’s controlling shareholder, Wufangzhai Group, Sino-Ocean Industrial, became the controlling party of the company through multiple transfers of the equity of Wufangzhai collective or individual shareholders. By March 2004, Sino-Ocean Industrial held 59.16% of Wufangzhai. Shares. Since then, Wufangzhai’s equity has been transferred many times. In 2010, Wufangzhai also transferred 4.29% of the remaining shares held by shareholder Zhu Zhijie, and the company paid the registered capital to incorporate the residual income into the capital reserve. The form solves the problem of remaining shares.

In 2011, Wufangzhai Group also incorporated 9 companies under the group including catering, e-commerce and rice industry into the company system of Wufangzhai through capital increase, in order to increase Wufangzhai’s business line and avoid competition in the same industry. Related questions. The following year, in 2012, Wufangzhai accepted the capital increase from 6 institutional shareholders, including Shanghai-Nanjing Expressway, Everbright Financial Holdings Venture Capital Co., Ltd. (hereinafter referred to as “Everbright Financial Holdings”), and 2 individual shareholders. The valuation is 1.3 billion yuan. In the same year, Wufangzhai Group also transferred 139 million yuan worth of equity at a valuation of 1.3 billion yuan.

Five institutional shareholders, including Everbright Financial Holdings and Ivy Investment, who invested in Wufangzhai in 2012, transferred their equity in Wufangzhai to the company’s actual controller’s related parties at an overall valuation of 1.7 billion yuan in 2016. Ocean decoration. Judging from the supplementary agreement signed between Wufangzhai Group and Ningbo Fuju, which became a shareholder in 2012, Wufangzhai introduced new shareholders in 2012 to promote the listing of the company. The trigger condition for the supplementary agreement signed by Wufangzhai Group and Ningbo Fuju is the enterprise. To be listed at the end of 2015.

Also in 2016, Wufangzhai Group acquired 1.25 million state-owned shares of Wufangzhai held by Jiaxing Meat Center at an overall valuation of 1.367 billion yuan, accounting for 2.48% of the company’s total shares. In the long history of Wufangzhai, the company’s major shareholder Wufangzhai Group has also reduced the number of natural-person shareholders of the company through the transfer of shares held by natural persons. However, as of the 2021 prospectus release date, Wufangzhai still has 165 natural person shareholders.

In the historical evolution of Wufangzhai, issues such as the transfer of state-owned shares and the handling of remaining shares may become the focus of the company’s listing review. The actual controller of the company, Li Jianping, was also involved in the case of Feng Shuixiang, the former chairman of Jiaxing Industrial Assets Investment Group Co., Ltd. and party secretary, taking bribes and illegally operating similar businesses. This has aroused further market concern about the listing of Wufangzhai.

Regarding Wufangzhai’s above question, “Investor Net” also contacted Wufangzhai’s secretary of the board for verification, but failed to get a reply from the other party.

Limited market space, unfavorable expansion of self-operated channels

Zongzi is one of the traditional Chinese delicacies with a long history, but like moon cakes, it is a typical seasonal food. After the Dragon Boat Festival, the market demand will be greatly reduced. At the same time, in the long process of development, combined with local specialties and taste preferences, Zongzi has also developed many “factions” and taste preferences. Representatives include the Jiaxing fresh meat dumplings preferred by Wufangzhai in Jiangsu and Zhejiang, and the Beijing glutinous rice dumplings eaten with sugar in the north; in addition, there are also Shanxi yellow rice dumplings, Shaanxi honey cool dumplings, and Nanning cool dumplings. Zongzi’s “sweet party” and “salty party” are also incompatible on the Internet, and they have been a hot topic of discussion during the Dragon Boat Festival for many years.

In addition to the large regional differences in taste, the price of zongzi is generally not high, so the overall scale of this market is not large. According to statistics, the scale of my country’s zongzi market was 4.916 billion yuan in 2015, and it will grow to 7.337 billion yuan in 2019, with a compound annual growth rate of 10.53%. The report cited by Wufangzhai in the prospectus estimates that by 2024, the domestic zongzi market The scale is only 10.291 billion yuan.

Unlike moon cakes, which require a mold and an oven, the rice dumplings can be made at home after simple processing of the materials, and they can be eaten after they are cooked. Also because of the convenience of making zongzi and the different tastes in different places, shopping malls and vegetable markets in many places will provide materials for making zongzi or homemade finished zongzi before the Dragon Boat Festival. Because the production of zongzi is convenient, and consumers prefer to make zongzi now, this makes the originally small zongzi market present a very fragmented status quo.

Competition is also fierce in terms of fine packaging and zongzi gift boxes. At present, there are more than a dozen brands such as Wufangzhai, Beijing Daoxiangcun, Zhenzhen Lao Lao, and Zhiweiguan. In addition to traditional rice dumplings, beverage brands such as Starbucks, Heytea, and Naixue will also make their own creative rice dumplings to further carve up this otherwise small market.

During the period from 2018 to 2020, Wufangzhai actively deployed catering or sales outlets in crowded areas such as shopping malls, high-speed service areas, and high-speed rail stations to cope with the current seasonal changes in the company’s income and further expand the scope of the company’s product radiation .

However, the expansion of Wufangzhai’s stores has not been smooth. From 2018 to 2020, the number of directly-operated stores opened by the company is lower than the number of closed direct-operated stores. Therefore, the number of directly-operated stores in Wufangzhai has increased from 203 in 2018. This has dropped to 169 in 2020. Even in 2019 without the impact of the epidemic, the number of directly-operated stores of the company is still 20 fewer than in 2018. After the Wufangzhai cooperative store opened and closed, the number of stores in 2020 has also returned to 43 in 2018. Different from the unfavorable expansion of directly-operated stores, from 2018 to 2020, Wufangzhai’s franchise stores increased from 38 to 40; dealer stores increased from 185 to 222, an increase of 20%.

It is worth mentioning that as of the end of 2020, of the 169 directly-operated stores that Wufangzhai is still operating, more than 100 have suffered losses in 2020, and a large part of the loss-making stores also have losses in 2019. Among the 42 cooperatively operated stores, more than half of the stores also suffered losses.

Zongzi sales decline, the proportion of e-commerce is low

Due to the unfavorable expansion of self-operated stores and restrictions on local tastes, as of the end of 2020, 55.82% of Wufangzhai’s income depends on the contribution of Eastern China. In the division of Wufangzhai’s sales revenue, only 18.53% comes from e-commerce retail, and this part is directly sold to end consumers. Wufangzhai did not disclose the sales target. Therefore, consumers in East China may contribute more than 55.82% of the income to Wufangzhai online and offline. In addition, compared with the 411 million zongzi sold in 2018, the total number of zongzi sold by the company in 2019 decreased by 3.131 million; affected by the epidemic, in 2020, Wufangzhai only sold 366 million zongzi.

Although the overall sales volume of Wufangzhai Zongzi has declined, and the company’s production capacity has increased, Wufangzhai’s self-produced rice dumplings accounted for a lower and lower proportion of the total number of Zongzi produced by the company during the current period. The more they rely on foundries to produce products for the company, the controllers of some foundries are still shareholders of Wufangzhai. From 2018 to 2020, the foundry produced 11.66%, 13.40% and 25.01% of zongzi for Wufangzhai.

In addition to using OEMs to produce rice dumplings, Wufangzhai has also expanded the company’s product line by producing moon cakes, glutinous rice balls, pastries, egg products and other rice products. As of the end of 2020, only Wufangzhai contributed 70.77% of the revenue, of which 17.82% of the revenue was provided by the moon cake series, egg products, pastries and other products produced by the foundry.

Among the five projects that Wufangzhai plans to raise 1.056 billion yuan to build, only less than 50% of the funds will be used for the construction and upgrading of production lines, and the other 465 million yuan will be used for the construction of digital industrial smart parks (ie, storage and e-commerce centers). ) And R&D center. The digital industry smart park construction project, Wufangzhai aims to enhance the company’s warehousing and logistics capabilities, and at the same time, through the construction of an e-commerce center, further strengthen the company’s e-commerce business development and increase e-commerce business sales revenue.

It is worth mentioning that of Wufangzhai’s 1.056 billion yuan fundraising, 90 million yuan is intended to be used to supplement working capital. However, from June 2018 to March 2021, Wufangzhai has paid dividends 4 times, with a total dividend amount of up to 253 million yuan. This also makes the outside world have certain doubts about the necessity of fundraising.

In response to the above questions, “Investor Net” also tried to ask Wufangzhai’s Secretary of the Board for verification, but failed to get a reply. (Produced by Thinking Finance)■

The house that Minh Hang and his wife “bought” at the age of 22 Minh Hang’s house has an area of ​​34 square meters, built on the land that the couple bought 2 years ago. The land price when bought at that time was 340 million VND. Minh Hang said: “This house was bought by the couple in the form of a one-time direct payment. During the buying process, the couple only had 400 million in savings. After buying the land, the money was 340 million. Construction and renovation cost about 400 million more. This cozy space of a Hai Phong couple was designed by a husband, working with a craftsman to select materials and then come up with ideas for arranging furniture. Everything in the house is designed and selected by Minh Hang and his wife The process of building, repairing and renovating the house the couple did not have enough money had to borrow. In order not to lose more interest, Hang and his wife borrowed from colleagues, relatives and friends. “We can borrow as much as we can, then we continue to work, when we run out of money, we run to borrow money. My husband designs, works with workers to choose materials and then comes up with ideas for arranging furniture. I see Thanks to doing a lot of things by myself, the cost has also decreased significantly. Fortunately, up to now, my husband and I have paid off all our debts and stabilized our lives in this new space, “- Hang added. This house is the “sweet fruit” after a series of thrifty spending days To be able to own a house in the center of Hai Phong is the non-stop saving process of the couple. Hang added: “The income of the couple is not much, the total monthly is 25 million dong. I myself consider that the income of the couple is not high, and there are no additional jobs outside of the family. When we buy land and build a house with the money we save from our monthly income, my husband and I are very aware of how important it is to spend wisely and thriftily.” Despite living frugally, Minh Hang’s meals are still full of nutrients The expenses in the family are recorded very clearly by Hang. Every month, the amount of food, expenses and living expenses is about 3 million pouring in. The money generated is about 2 million more for the total spending of 5 million. The amount of money saved to come out, on average, is about 20 million VND per month. If a month does not spend all of the amount of 5 million, the excess money will be put away to save and then spend on arising expenses. Although she spends frugally, looking at Minh Hang’s family tray shows that she is a skillful and daring wife. In order to get nutritious meals, Hang has worked hard to go to wholesale markets or choose to buy clean upstream foods in large quantities and then put them away gradually. Each expense is fully recorded by Hang According to this young wife, buying a house requires a huge amount of money and is also the goal of many people. Therefore, the sooner a family has a reasonable spending plan, the dream of buying a house will soon be realized. Besides, to be able to own the house as soon as possible, you need to determine the route as well as the most optimal way to save. Just preparing a financial plan with clear goals will help you control the cash flow in the best way. And buying a home will be as easy as holding it in the palm of your hand. See more: ‘Saint’ of savings: For 15 years spent 42k per day, 6 years became the mistress of 3 billion-dollar houses

Living in big cities Lots of tenants at the Load limit

Status: 15.06.2021 12:51 p.m.

The high rental prices in many large cities mean that many tenants are on the verge of financial problems. Scarce income and housing are a bad mix, as a recent study shows. When it comes to rent, many households in large cities have to raise so much money that they are above the 30 percent mark of household income. This is the result of a study published by the union-affiliated Hans Böckler Foundation. According to this, 49.2 percent of the around 8.4 million households that rent in Germany’s major cities are above this threshold. A good quarter of households have to spend at least 40 percent of their income on rent including heating and ancillary costs. Almost twelve percent of large city households even required more than half of their income for rent, i.e. rent including heating and ancillary costs.

06/10/2021

Bremen at the top

“For social scientists as well as real estate experts, a rent burden quota above 30 percent of household income is problematic, especially for households with lower incomes, because then there is only relatively little money left for the rest of life,” says the foundation’s study. Many landlords would also draw a line here because they doubted that tenants with less income would be able to afford their apartment in the long term. In Cologne, for example, the proportion of households that have to live with a rent burden rate of more than 30 percent is 46.4 percent. In Berlin it is 43.8 percent. In Bremen, the share is greatest at 47.5 percent. For the study, a research team led by urban sociologist Andrej Holm from Berlin’s Humboldt University evaluated the latest available data from the 2018 microcensus.

05/27/2021

Unfortunately, poorer households more so

Overall, according to the study, the financial burden on tenants has decreased over the past few years, because even with residents of large cities, incomes have increased more on average than housing costs. The mean exposure rate of tenant households fell in 2018 from 31.2 percent of income in 2001 to 29.6 percent. For many poorer households in particular, the situation has hardly relaxed, for them rent continues to be a particularly big financial problem. The authors see a further “polarization” of the housing situation. A comparison over time from 2006 to 2018 also shows “that social inequalities in the area of ​​housing have worsened and high rental costs have solidified”.

FAQ 08/22/2019

Overload rate decreased slightly

The Federal Statistical Office had also analyzed the burden on households with housing costs. According to his data, almost 14 percent of the population, i.e. around 11.4 million people, lived in households that were financially overburdened by high housing costs. The authority sees an overload of housing costs when a household spends more than 40 percent of the available income on housing. This applies regardless of whether the person concerned is renting or living in their own four walls and paying off a loan, for example. According to Destatis, the overload rate has decreased slightly since 2014.

09/23/2014

There are no apartments

The Böckler study comes to the conclusion that the housing shortage in large cities has been “at best slightly alleviated” despite increased construction activity. Above all, there was a lack of small and inexpensive apartments, and the supply had become significantly scarcer over the years. Nationwide, there is a supply deficit of over 1.5 million apartments, which would be missing even with a hypothetically assumed optimal distribution of living space in large cities, explained Holm. The German Tenants’ Association is also calling for more apartments. A few days ago, he asked the next federal government to invest heavily in social housing and a nationwide six-year rent freeze. The federal government must provide a “much-needed breather for all tenants” until more new apartments are built. According to the tenants’ association, at least 30 percent of rental apartments would have to be in public or cooperative management in order to curb the price spiral. At present, every second tenant household in large cities is afraid of no longer being able to pay for the apartment, the association president, Lukas Siebenkotten, had determined.

05/06/2021

More income would help

Study author Holm advocates a multi-pronged approach: In addition to instruments to protect existing rents, among other things, social and non-profit housing “should be considerably strengthened with the most permanent rental agreements possible,” he advised. Another crucial key to social housing provision, however, is the income situation of the tenants. Without effective measures to dissolve the widespread low-wage sector, social housing cannot be guaranteed in large cities, according to Holm.

Here, mussels are not only a specialty dish with a famous brand throughout the country, but thanks to that, people have a fairly stable income. Every day, thanks to mussels, a section of La River in Ben Hen village is as bustling as a miniature market. Present in Ben Hen village, witnessing the busy buying and selling scene, besides in the village, the stoves boiling mussels smoke and the aroma from boiled mussels spreads throughout the whole area. The smokey mussels boiling stoves in Ben Hen Boiling mussels in a hut, Nguyen Thi Hoa, from Ben Hen village, Truong Son commune, Duc Tho district (Ha Tinh), said: “I don’t know when this profession was formed, only know that generations People in Ben Hen village, when born and grow up, all follow each other in the profession of raking mussels and boiling mussels. All expenses in life, building houses, buying supplies, taking care of their children and grandchildren’s education, all depend on income from mussel farming. According to Ms. Hoa, in the past, mussel making was difficult, very hard, all day long, husband and wife, brothers and sisters were stuck in the river, just worried about making enough to eat, did not have enough money, because at that time the price of mussels was too cheap. About 10 years ago, when mussels became a clean food, a popular specialty, the price was high, so the mussel industry in Ben Hen is growing strongly and bringing a good source of income. determined for the people. Ben Hen is growing stronger and bringing a fairly stable source of income The reason is called the profession “going backward” because in the past, mussel making was not as modern as it is now, to catch mussels, people had to use a rake with a rectangular trough, 1-1.5m long handle to rake. The rake just went backwards and shook it to treat the mussels. Now, just sitting on a motorboat, plugging a rake into the sand and then running the engine along the river a few times, there are dozens of kilograms of mussels. Because the value of mussels is high and the mussels in Ben Hen have affirmed their brand, many traders have come to the place to buy in large quantities and then transport them everywhere for consumption. Thanks to that, mussel workers do not have to worry about output, raking as much as they can consume. The mussel fishing season lasts almost all year round, but the peak season and the most mussels are from January to June of the lunar calendar. Ben Hen village currently has 150 households living by raking mussels – a job “going backwards”. Ben Hen village currently has 150 households living by raking mussels – a job that “goes backward”, sunbathing with his back, his face in the water all day, and working hard at night picking and washing mussels. Although it is less difficult than before, the job of making mussels requires health, perseverance and hard work. After scraping, all mussels are used up, the shells are gathered and calcined into lime for construction, agricultural production or finely milled as food for chickens and ducks; mussel intestine used to process dishes; Mussels are used to make soup. Mr. Nguyen Quang Tuan, a resident of Ben Hen told reporters about the process of making mussels. He said: “We men, who are healthy, go on a motorboat to rake mussels on the river, on average 2-3 people per boat. And women stay at home to soak mussels, boil mussels, treat mussels clean… Every day, work usually starts from 2-3 am until late afternoon”. Mussels enrich the whole village Sharing with reporters, Ms. Nguyen Thi Sen, who has been involved in this profession for a long time, said: “Mussels are “a blessing from heaven” given to these villagers, my whole family has been working as mussel rakes for 4 generations on the La River. I also ate mussels but grew up, so even though I worked hard, I still had to keep the traditional profession of the village, “said Ms. Sen. Currently, mussels here are considered a clean specialty Ms. Nguyen Thi Hoa, a resident of Hen wharf confided: “In the past, every day my husband and I just needed to go along the La River to rake a few tons of mussels, but now the mussel production is increasingly depleted, so people have to overcome kilometers along the river Ngan Sau, Ngan Pho or upstream Ben Thuy bridge (Vinh City) to bring back mussels. According to Mr. Tuan, in the peak season, there are boats raking more than 1 ton of mussels/day, the remaining average is 300-600kg/boat. The average income from making mussels is about 500,000 – 1 million VND/house/day. Compared to other occupations, this is the profession that is bringing in the highest and most stable income, creating many jobs for people… Especially, mussels here are now considered a clean specialty with economic value. high so people are very secure to stick to the job.

Receivables from the tax office Many short-time workers have to pay taxes

Status: 14.06.2021 2:49 p.m.

The short-time work allowance saved many jobs. But many recipients are now realizing that the tax office is demanding an additional tax payment: an additional burden for an already lower income. From Iris Sayram, rbb It is now the third amendment to the short-time work regulation that is going through parliament this week. “With short-time working we secure millions of jobs through the crisis and get the German economy important skilled workers for a quick start now in the summer”, Federal Labor Minister Hubertus Heil (SPD) repeated only recently. This statement is not disputed; but after more than a year of short-time work, there are also side effects.

Short-time work requires a tax return

These are particularly noticeable now, as those receiving the benefits have to submit their tax returns for the 2020 pandemic year. Everyone who has “applied for more than 410 euros in the calendar year” has to make the declaration, according to the website of the Federal Employment Agency (BA). The calculation that as an employee subject to wage tax you usually get something back does not always apply here. Some even have to pay back large sums of money to the tax office. “This mainly affects the recipients who were not sent 100 percent on short-time work, but only partially,” says the managing director of the Federal Association of Wage Tax Aid Associations, Uwe Rauhöft tagesschau.de . The Berlin Left MP Sebastian Schluesselburg knows exactly such a case from his public consultation: A woman from the hotel industry was put on short-time work at the beginning of the pandemic. “Your cash flow is already greatly reduced by the high rent and having a small child,” said Schluesselburg. But she has now been completely “blown away” by the additional tax payment of more than 1000 euros – payable within four weeks.

background 05/19/2021

With the decision comes the tax shock

“This is not an isolated case,” says Uwe Rauhöft from the income tax aid association. “If the regular working hours are reduced to 50 percent and short-time work allowance is granted for the other 50 percent, then the wage tax is sometimes reduced very sharply,” explains the expert. The reduced wage tax will fall disproportionately because of the progressive tax rate. “As a result, however, too little wage tax is paid over the year,” Rauhöft continues. With the income tax return this is now noticeable. Those affected often only noticed this when they received the payment notification. “If you don’t expect it beforehand and don’t know, you now have a problem.” The Federal Employment Agency cannot give precise figures on how many recipients are now confronted with back payments. It is only clear that there are not just a few isolated cases. Several million employees have received short-time allowance since the beginning of the pandemic. According to the latest projections by the BA, it was around 2.6 million in March.

05/05/2021

Experts complain that there is insufficient information

In the FAQ area of ​​the employment agency there is a note in the last sub-item that “short-time allowance as wage replacement benefit is tax-free”. It also states that the service will be taken into account when determining the tax rate. “This can lead to additional tax claims”. This should have been pointed out more clearly, says tax law expert Sandra Inioutis. The tax advisor knows the problem. “It is a highly complicated process and it is not possible to say in general who it affects.” It is all the more necessary to better educate the recipients here. “Perhaps one should have said from an official point that the basically tax-free service is provided with a” but “”, says Inioutis tagesschau.de .

05/22/2021

Little indulgence in repayment

“As if that weren’t bad enough, the tax office is proceeding with full force here,” reports the left-wing politician Schliisselburg. The young family wanted to pay the 1000 euros in two installments, but that would only be possible if all of their own funds were practically exhausted. A credit line must also be used beforehand in order to get a deferral approved. “That is unbelievable. People are being driven into over-indebtedness,” the politician said indignantly. But the law on the possibility of deferral requires that an installment payment is only to be granted in the event of “considerable hardship”. “Unfortunately that is the legal situation. But I would not recommend a deferral either, the interest rate is six percent per year. That will then be even more expensive,” advises expert Rauhöft from the income tax aid association. However, the interest rates for an overdraft facility are likely to be in a similar range or even higher.

Disclosure report Bezos, Musk and Co. hardly paid any taxes

As of: 06/09/2021 05:04 a.m.

A new report reveals that the richest Americans hardly pay any income tax – among them Amazon founder Bezos and Tesla boss Musk. The tax authority wants to determine how the confidential data became public. By Torsten Teichmann, ARD studio Washington In 2007, multibillionaire Jeff Bezos didn’t pay a dime in US income tax. In 2011, too, the Amazon founder offset his income against losses so much that the US tax authority IRS granted him an income-related child allowance of 4,000 US dollars. This had often been speculated about. But now the numbers are known. The foundation for investigative journalism ProPublica quotes from Bezos tax return. These tax tricks are not illegal. But the network of loopholes and discounts remains denied to most Americans due to lack of assets. They move from salary to salary, as US President Joe Biden complains time and again: “Sometimes I argue with friends in the Democratic Party about it: It’s okay to be a billionaire or a millionaire, but pay your fair share.”

What tax amounts are fair for the rich?

But how much should the top 0.01 percent in the US contribute financially to society? There is a dispute about this. The ProPublica report rekindles this debate. The foundation has obtained official tax documents from thousands of the richest Americans, says the journalist Jesse Eisinger involved in the NPR radio station. They cover a period of 15 years. ProPublica initially refers to the reported income from the tax returns of the 25 richest Americans and the increase in wealth over the period that is not taxed. In addition to Bezos, Tesla founder Elon Musk, Facebook boss Mark Zuckerberg and New York’s ex-Mayor Michael Bloomberg will be there.

If we look at the actual tax on capital growth – which is essentially your income – then its tax rate is 3.4 percent. For people like Jeff Bezos or Warren Buffet, it’s even less.

Far from the top tax rate of 37 percent

The investor Warren Buffet paid 0.1 percent tax on income and asset growth between 2014 and 2018, ProPublica calculates. At Bezos it is just under one percent. Americans pay an average of 14 percent income tax. The top tax rate would be 37 percent. America’s billionaires are far from that. The Biden administration reacted cautiously to the findings. Any unauthorized publication of government documents is against the law, said Biden’s spokeswoman Jen Psaki. The Ministry of Finance is trying to clarify how the tax returns have come to the public.

Generally speaking, we know that more needs to be done to ensure that businesses and high-income citizens do more of their fair share. This is what the President says in his proposals, in his budget, and this is how he wants to pay for his proposals. A government proposal provides for higher taxes for households with an annual income of more than $ 400,000. According to the ProPublica report, however, it is completely unclear whether a corresponding reform will generate additional income as long as the loopholes in the tax laws of the USA are not closed.

Phuong My Chi, born in 2003, was once known as a “prodigy” singing folk music when she enrolled in the contest “Voice of Vietnamese children 2013”. Originally from a family with difficult circumstances, when she brought her voice to the exam, Phuong My Chi honestly confided that she dreamed that if she achieved high results, she would build a house for her parents. Before that, Phuong My Chi’s whole family lived in a small apartment in Ho Chi Minh City and the family’s income depended on her mother’s tea shop. Stepping out of the playground “Children’s Voices” in the first season with the title of runner-up, Phuong My Chi until now can be said to be a famous vocalist and retains the most enduring stage aura among the faces. grew from this competition. It is worth mentioning that, knowing the difficult situation and also from the love of Phuong My Chi’s talent, singer Quang Le offered to adopt her so that he could guide and support this gifted voice. . Along with that, the male singer also decided to sign an exclusive contract with Phuong My Chi, exclusively for the song “hit” associated with her name – “My hometown in the floodplain” for a period of 2 years. According to the contract between Quang Le’s entertainment company and Phuong My Chi’s family, this unit will have the exclusive rights to images, vocals, “shows”, advertising contracts, recording tapes, and business. ringtones, waiting houses… related to Phuong My Chi. As soon as he became Quang Le’s adopted son As an exclusive singer of the male singer company, Phuong My Chi was hired by her adoptive father to teach her own vocals to supplement, train and perfect her singing ability, thereby giving birth to her first music album. . She also has the opportunity to stand on many big stages both at home and abroad. There was even a time because Phuong My Chi saw so many “so many” that many people were afraid that her study would be affected. However, Quang Le affirmed that he always prioritizes Phuong My Chi’s studies and arranges practice and performances reasonably so as not to affect his daughter’s study time. Thanks to Quang Le’s dedication and the back support of a professional team, Phuong My Chi has a stable source of income from singing. By the end of 2013, that is, just a few months after stepping out from the playground “Children’s Voices”, the girl revealed that she had bought a house for her parents by saving money to sing and supported by her adoptive father Quang Le. more money to be able to repair the new place to be more spacious. Sharing about the issue of both adopting Phuong My Chi and taking care of her singing career in the first days of her life, Quang Le affirmed that he always wanted to create the best conditions for his daughter. Therefore, in addition to guiding Phuong My Chi to become more mature in music, he and his family oriented her to study at an international school in Ho Chi Minh City. Quang Le did not hesitate to reveal that according to the signed contract, the two parties will share revenue and profit according to products and advertising contracts, in addition, Phuong My Chi still has her own salary in each “sou” “The show that she participated in. The above 2-year contract period was later extended to 6 years. After 6 years, at the end of 2019, Phuong My Chi officially said goodbye to the entertainment company of her adoptive father Quang Le. At that time, Phuong My Chi confided that the relationship between her and her adoptive father Quang Le was very good, but the reason the two sides did not continue to be closely attached to each other at work because the signed contract had expired. and she also wants to actively develop her own career, step out of her comfort zone. Up to now, Phuong My Chi has grown up, has her own products showing her musical imprint and personality, and possesses many valuable assets thanks to income from many years of singing. On Quang Le’s side, referring to his adopted daughter, the male singer expressed, Currently, his relationship with Phuong My Chi is still very good. The little girl still often calls to visit him, gives gifts, sometimes even cooks tea to bring to her adoptive father. The male singer confirmed that Phuong My Chi’s current life is very stable, especially in terms of finances, she still sings and receives “numbers”, the schedule is completely managed by her parents and family. 100% management. That makes him feel very happy and secure, especially when he knows that his adopted daughter is still very lovely, emotional, and knows how to take care of her family from her singing fee. Quang Le shared, during the 6 years of working with Phuong My Chi in terms of music, he tried his best to support her in professional and work, but did not participate in managing her children’s money. girl, which is left to her family to decide. According to Quang Le, this year is the most important year for Phuong My Chi because she will graduate from grade 12 and prepare to enter the university. The male singer revealed that before, he and his family sent her to an international school, from grade 3 to grade 9, the school sponsored 100% of her tuition, and from grade 9 to grade 12, she had to pay. about 200 million VND/year. This tuition fee according to Quang Le is the money that Phuong My Chi earns from singing, which he and his family take care of and arrange to receive “numbers” for her. Besides, there are also some Manh Thuong Quan who silently support Phuong My Chi’s tuition. Talking about money issues, Quang Le said that all things related to money let his manager work with Phuong My Chi’s mother in a very clear and fair way. Phuong My Chi doesn’t know anything about money. But my manager and Phuong My Chi’s family work very clearly. For example, when Chi goes to sing, except for travel expenses, hotel meals, etc., Chi’s mother’s remuneration is enough for her. That’s why Phuong My Chi has to pay for her own education from 10th grade to 12th grade. Her parents don’t work because of Chi’s income a lot.” – Quang Le shared.

Mr. Bui Van Tuong’s family, Doan Ket hamlet, Hop Tien commune (Dong Hy) pack freshly made rice noodles (photo taken before April 27, 2021). Perhaps when it comes to rice noodles products of Hop Tien commune, many people think that there are many households in the commune doing this job or that Hop Tien is an area specializing in producing rice noodles. However, when we found out information about rice noodles products in the commune, we were completely surprised that there were only 2 households in Hop Tien commune. In particular, Mr. Tuong’s family is known for the famous noodle product here. Telling us about the opportunity to come to the profession, Mr. Tuong said: My wife’s parents (in Phu Binh district) are households specializing in producing rice noodles since decades ago. Realizing that this is an easy-to-consume product, since 2006, my husband and I also started the profession. With the “craft” of the family, more careful work in the selection of ingredients and production, so the noodle products made by the family are all consumed by agents and people inside and outside the commune. On average, each month, my family sells about 6 tons of rice noodles, with the price of 22,000 VND/kg, earning about 130 million VND. Excluding expenses, my family earns from 18-20 million VND/month from making rice noodles. Not hiding his profession, Mr. Tuong freely shared with us about the stages of making standard rice noodles. Accordingly, to make the final noodle product, it has to go through many stages: Soaking rice, grinding flour, brewing flour, rolling noodles, washing, drying… At each stage, there must be separate attention to get the desired product. For example, when soaking rice, you have to wash the rice clean and then soak it. Soaking time must be enough 4 hours before grinding. Tuong added: Adjusting the temperature and putting the right amount of dough into the yarn rolling machine is extremely important. Because, if the temperature is too hot, but the amount of flour put into the machine is small, the noodles are easily broken. If you add a lot of flour but the temperature is not hot enough, the noodles will be raw, the noodles will not be clear. After being rolled, the flour is incubated overnight and then washed with cold water to separate the fibers, avoid sticking and finally dry in the sun. According to Mr. Tuong, the choice of rice to make noodles is equally important. The best rice is usually the Bao Thai variety, but the price is quite high, and the noodles are a bit sticky when cooked, so he and his wife use Khang Dan rice. Mr. Tuong shared: My family often buys Khang rice from people in the commune to grind to make rice noodles. Like Khang, local people are not hybridized like many other places, so the cooked noodles are not crushed. On average, each year, the family buys about 50 tons of rice for people in the commune. In addition, to make the color of white noodles beautiful, Mr. Tuong’s family focuses on drying in the sun. Noodles that are exposed to the sun for 1 day will be white. If it rains, your family has to dry the noodles with the heat of the industrial air conditioner, in the winter you can dry them in the sun and wind, so the noodles are still guaranteed in terms of design and quality. Thanks to the enthusiasm in each stage, the noodle product of Mr. Tuong’s family is always appreciated for its good quality and reasonable price, so it is supported by many people. Ms. Trieu Thi Vinh, from Bai Bong hamlet, Hop Tien commune confided: For more than 10 years, my family has regularly used rice noodles products of Mr. Tuong’s family. Noodles here are not mushy or crushed, fragrant with rice. Moreover, knowing well about your noodle making process, I feel secure when using it, not worrying about the use of harmful chemicals in the noodle product. Talking about his future plans, Mr. Tuong said: Currently, on average, my wife and I can make about 2 quintals of noodles per day, but we cannot supply enough for the market. The family also intends to expand the scale but still has trouble hiring workers, because the time to start making noodles is usually very early, from about 3-4 am, so it is difficult to hire people to do it. In addition, when the family wants to increase productivity, the family needs to invest in more machines and factories with high costs. However, in the long run, my wife and I will also consider investing in expanding production. Along with that, a trademark will be registered so that the product is known, trusted and used by more people.

The delegation of the Coordination Office of the Provincial New Rural Development Program evaluated the dried bamboo shoots of Thanh Lam commune according to the criteria of OCOP products. In the locality, the delegation visited the raw material area, the exploitation, preliminary processing and processing of bamboo and bamboo shoots products of the people in the commune. With thousands of hectares of natural wild bamboo and hundreds of hectares of bamboo, bamboo and bamboo shoots, Thanh Lam commune has great potential for bamboo products. Exploiting and growing bamboo shoots and bamboo shoots has created many jobs for the people of Thanh Lam upland commune. It is known that the exploitation and processing of dried bamboo shoots has existed and developed for many generations in this highland commune of Nhu Xuan district. Hundreds of laborers have jobs and stable incomes from exploiting and developing bamboo materials, dozens of families specialize in purchasing for preliminary processing, drying and drying of bamboo shoots. Currently, the drying stage of bamboo shoots has drying kilns instead of depending on the sun. Currently, bamboo shoot products here have been ordered by many agencies and units as gifts with the nature of a typical product of Thanh Hoa highland. Thanh Lam bamboo shoots have a characteristic yellow color, aroma and are not mushy when cooked for a long time on the stove. Through the survey and according to the criteria of the OCOP product, the dried bamboo shoots in Thanh Lam commune basically meet the regulations. The product has also just been tested and meets the standards of food hygiene and safety. Thanh Lam dried bamboo shoots have been designed with logos, bags, boxes with eye-catching brands, and are chosen by many people as gifts. Officials of the Coordination Office of the Provincial New Rural Development Program have paid more attention to the stage of production organization and product labeling, soon completing the headquarters of Thanh Lam Production, Trade and Service Cooperative – the focal unit for production and implementation of procedures to be recognized for OCOP products.

Sony will bring many PlayStation exclusive games to PC. Photo: Sony Sony highlights that this is a new growth area for PlayStation Studios and will begin developing PlayStation Studios entry-level games for mobile devices. This will help their business, these games have the opportunity to find potential customers in big markets like: China, India or Russia, where they like play games on computer devices rather than game consoles. This test seems to have been successful, Sony’s partners will receive financial rewards from the porting of the exclusive PlayStation platform to PC. In 2020 the game Horizon: Zero Dawn helped investors get financing up to 250% return on investment when it was released on PC. In Sony’s latest financial report, the PlayStation 5 gaming device did not live up to expectations like the PS4 when the company saw a decline in sales per PS5 device. Sony’s games business had its best fiscal quarter ever with $8.4 billion in revenue and $763 million in profit, up 50% from 2019. Uncharted 4 or Days Gone, which are games available on PC, will be one of the new growth factors that Sony has discussed with investors, this is also a new challenge when Sony and its partners are facing competition. Huge paintings from other game makers like Fortnite are very popular all over the world.

Mr. Salamak Klathalay. Photo: CNN. This unique way of life came to an abrupt end in 2005, following the 2004 tsunami. The Moken people survived, even completely unscathed after the disaster, relying on the traditional experience of foraging for high ground. than to avoid waves. However, in an effort to assimilate the Moken into Thai culture, the government has moved more than 300 Moken people to more fortified land, in the area of ​​Ko Surin National Park, Phang Nga province. , Southern Thailand. Since then, the Moken have more or less adapted to a relatively modern life. They have gradually built a village with simple wooden and bamboo houses, equipped with solar panels and running water. And for the first time, they get a regular source of income from tourism. Ngoey Klathalay – Head of the village said: “We make money from selling souvenirs to tourists or leading boat tours”; “On average, about 100 tourists visit the village every day.” However, the Covid-19 pandemic suddenly broke out in early 2020, forcing the Thai Government to close to international tourism, losing the almost only source of income for the Moken people. In that moment, the survival instinct – sailing, hunting and gathering again strongly rose up in Moken people. Hook Klathalay, Ngoey’s brother, said: “I’ve been living on this boat for two years.” For Hook, the attraction of the sea prompted him to quickly return to the traditional Moken life. Mr. Hook Klathalay. Photo: CNN Hook and his son built a boat with tools such as nets, hooks, three-pronged spears… and conducted daily hunting trips in various shallow waters. “With just a little rice, we can get the rest of the necessities in the ocean,” says Hook. Hook adds that the pressure of the Covid-19 pandemic has caused the Moken to re-evaluate their way of life; many Mokens told Hook that they wanted to live in a boat, on the ocean. Many Moken people are also gradually returning to hunting, daily collecting shellfish, crustaceans and small fish through rudimentary tools such as knives and spears. However, the sea is not the only source of food for the Moken. They also go to the wooded islands to dig for tubers they call “murung”. Boiled and peeled, the “murung” tuber has a texture and flavor similar to that of a “water chestnut”. Ngoey said: “Since the outbreak of Covid-19, the income of Moken people has decreased, but not much in my opinion; We are not desperate, we are not starving. For a long time we were not dependent on tourism, we only did tourism for a few years. But we will always have the sea.”

According to Forbes, Roger Federer earns nearly $114 million a year and is also the highest-paid athlete in tennis history. Therefore, it is not surprising that the famous Swiss tennis player owns many expensive real estate around the world. Photo: Tennis365. In 2014, the tennis star spent $18 million buying a luxury apartment in the 50-story Le Reve skyscraper in Dubai. Le Reve is known as the most luxurious tower of Dubai. Photo: Alek Carrera Estates. Federer’s presidential penthouse has an area of ​​​​nearly 600 m2 with expensive views of the ocean as well as the luxury marina of Dubai. Federer mainly lives here in the fall and winter, or before attending the Dubai Open in late February. Photo: Alek Carrera Estates. The Sun revealed, the tennis superstar did not spare money for this expensive property. The most expensive and luxurious materials are used by Federer to refurbish the apartment. Photo: Alek Carrera Estates. The apartment is equipped with a smart management system. The tennis superstar can freely control the lighting, temperature and other smart amenities from any corner of the house. Photo: Alek Carrera Estates. The apartment has 5 spacious bedrooms decorated in bold Dubai style. Photo: Alek Carrera Estates. Each bedroom has its own bathroom with full luxury amenities. Photo: Alek Carrera Estates. In addition, the sports star also equipped with a separate dressing room and makeup. Photo: Alek Carrera Estates. Living room with luxurious wooden furniture. Photo: Alek Carrera Estates. The spacious kitchen is equipped with wooden cabinets and stone countertops. Photo: Alek Carrera Estates. Dining room with large capacity. Photo: Alek Carrera Estates. The apartment has a private terrace of 80 square meters with great views of Dubai Marina and the ocean. Photo: Alek Carrera Estates. The building also has a private heated rooftop swimming pool and a sports center designed by Federer himself. Photo: Alek Carrera Estates. In particular, Federer is also provided with personal protection services and exclusive privileges for luxury residents of Le Reve. Tennis superstars can use chauffeured limousines, helicopters or private planes, all of which can be ordered at the touch of a button. Photo: Sky News.

In order to promote and introduce potential strengths, Ca Mau province has passed events, cultural, sports, tourism and commercial activities to domestic and foreign tourists, including the event “Perfume” U Minh forest”. Currently, U Minh Ha forest land still ranks first in the freshwater ecosystem in the Mekong Delta. In particular, this place also has a traditional job of guarding bees, associated with the U Minh Ha honey brand known to the whole country. Mr. Pham Duy Thanh (living in Khanh Binh Northwest commune, Tran Van Thoi district), said that when coming to the Melaleuca forest area, the most interesting thing for tourists is to eat bees for honey. Beekeeping is a family tradition. Before developing into a tourism product, this was the main income earner for Mr. Thanh’s family. “Being introduced to friends all over the world, the special traditional craft of our homeland is a great happiness for us,” said Mr. Thanh. Through activities in the event “Fragrance of U Minh Forest”, Ca Mau wishes to help visitors experience and discover the rich products of the land of U Minh Ha. Thereby, promoting and introducing potentials and strengths of U Minh district through cultural, tourism, culinary and commercial activities. Creating conditions for businesses to meet, connect, expand links, cooperate in tourism development, attract investment in developing product brands, improve competitiveness with localities in the province… Tourists visit and experience the activities of guarding bee trusses in U Minh Ha forest (Ca Mau). On the basis of promoting the potential of local agricultural strengths, Bac Lieu also finds resources to exploit the cultural and landscape characteristics of rural areas to form attractive agricultural tourism products. Visitors can visit and experience such as visiting Bac Lieu longan garden as a typical example. Located 6km from the center of Bac Lieu city, stretching nearly 7km along the coastal route from Nha Mat ward to Vinh Trach Dong commune with an area of ​​over 50 hectares. The highlight here are the longan gardens with many ancient longan roots, with trees up to hundreds of years old. In addition, a rural setting typical for the countryside of the Mekong Delta creates an attractive agro-ecological space that can organize diverse tourism activities, such as: weekend breaks, culture , ecology, cuisine… Currently, Bac Lieu longan garden area has implemented a project to preserve ancient longan associated with tourism development in Giong longan tourist area with over 1,110 original longan trees owned by 48 households in Hiep Thanh commune and Vinh Zedong. Or sightseeing tours associated with mangroves, agro-ecology, fishery combined with visiting wind power are also developed by Bac Lieu province. Due to its natural features, Bac Lieu’s sea does not have natural beaches, but has unique features of the mangrove ecosystem such as the mangrove landscape with interlaced canals, a system of farms and areas. aquaculture. Especially wind power projects in coastal areas… These areas can be exploited for tourism development in the form of resort resorts associated with agro-ecology, visiting wind power, directly experiencing the life of coastal residents such as: fishing, fishing, etc. , catch shrimp or catch clams… Recently, Dong Thap province has emerged as one of the localities with a rapid breakthrough in tourism development. Although there are not many famous scenic spots, but with the advantage of agriculture, the enthusiasm of the people of Dong Thap province has many good ways to “retain” tourists when coming to the land of pink lotus. As a purely agricultural province, agriculture is considered a key economic sector to help Dong Thap province promote economic development. However, in the past few years, many farmers have shifted to develop agricultural production along with tourism. The new economic model not only helps farmers in Dong Thap province to improve their income, but also improves farmers’ thinking about agricultural economic development. According to the Department of Agriculture and Rural Development of Dong Thap province, over the past time, the agricultural tourism model has helped farmers in Dong Thap province to improve their income many times higher, a part of farmers in Dong Thap province is gradually switching from agricultural production. purely agricultural economic model. In the period from 2016 to 2020, the orchard attractions in the province have welcomed over 150,000 tourists with a total revenue of over 43 billion VND. This is a clear demonstration that developing agricultural tourism is a promising new direction to help Dong Thap province extend the value chain of agricultural production. Many farmers in Dong Thap also expressed that they develop tourism not only for economic benefits but also for responsibility and pride for their homeland. When doing tourism besides agricultural production, what they receive is not only immediate profits but also useful information through contact with tourists… Tourists visit and experience the activities of guarding bee trusses in U Minh Ha forest (Ca Mau). One of the places with many agricultural tourist attractions when coming to Can Tho city is Phong Dien district. This place not only has My Khanh tourist village with many games and attractive dishes, but also many households doing eco-tourism, concentrated in the hamlets: My Hoa, My Nhon and My Ai (My Khanh commune). . The owner of Hoang Anh fruit garden belongs to farmer Vo Hoang Thanh. Having opened a restaurant to sell food and drinks to people in the neighborhood, 7 years ago, Mr. and Mrs. Thanh boldly invested in gardens, dug fish ponds and formed an ecological area to serve tourists. This ecological garden is located on the banks of a 6,000m² wide canal, growing all kinds of fruit trees, such as: green grapefruit, dragon fruit, pineapple (pineapple), papaya, custard apple… Not far away is a 1.2 hectare garden planted and maintained by Mr. Lam The Cuong (My Ai hamlet, My Khanh commune) for more than 60 years. In the garden, he built small houses so that visitors could stay overnight… Can Tho currently has over 32 tourist garden sites and dozens of households doing community tourism. This is a type of tourism developed on the basis of cultural values ​​of the community, managed, exploited and benefited by residents. The city’s tourism development goal is to help people increase their income, improve their lives, exchange and exchange cultures, contribute to socio-economic development… According to Mr. Nguyen Khanh Tung, Director of the Department of Culture, Sports and Tourism of Can Tho City, community tourism development in Can Tho will not follow the general model but depending on the natural conditions and characteristics of each locality to build a model. fit. In which, it is necessary to clearly identify the subject of community tourism activities as the local people, the indigenous cultural identity is the core value. “We will survey and re-locate potential areas for community-based tourism, from which there will be a proposal to build a community development tourism project for Can Tho,” said Mr. Tung.

Products made from moau are both beautiful, unique and environmentally friendly, so they are very popular in foreign markets. Photo: Nguyen Ngoc Earn hundreds of million dong per month from moau. Quang Ngai is famous for growing areca, areca fruit is considered a stable source of income for people. As for moau, which has only been burned or thrown away, now it has added new uses: Becoming input material to produce dishes, dishes, spoons … These days, Nguyen Van Tuyen (38 years old) and his friends at Dong Dinh industrial cluster (Nghia Hanh district, Quang Ngai province) are operating at full capacity. Within the past month, his facility has completed an order for 50,000 dishes, dishes, and rice trays for partners in Korea. Each piece is purchased for 1,000 VND to help growers have more income. Photo: Nguyen Ngoc The trailers after purchasing from the people are washed before being put into production. Photo: Nguyen Ngoc To have the success today, Mr. Tuyen and his friends have had to put in a lot of effort. As a native of Phu Yen, during a business trip in Quang Ngai, he noticed that this land planted a lot of areca. Normally, the burnt by people is very wasteful and not good for the environment. Through researching and seeing countries in the world creating products from moau, in Vietnam, I have not seen much so I decided to try it. By September 2019, Mr. Tuyen and his friends decided to invest in a production line for cups and plates from moau. Heat presses are used to create molds. Photo: Nguyen Ngoc Each production machine has 5 molds to create 5 samples of different sizes and dishes with a capacity of 200 products / machine / day. Photo: Nguyen Ngoc “In the past, all of the areca trees fell in the garden, people burned or left, now they collect them and sell them to themselves. Each piece is purchased for 1,000 VND, helping the gardeners have more income, contributing to environmental protection and reduce waste “, Mr. Tuyen shared. In addition to generating income for areca growers, Tuyen’s facility also creates jobs for 6-10 workers with an income of 5-8 million VND per month. “The operation of the machine is quite simple, the job is quite light, but it brings quite a high income. The income per person is from 5 to 10 million VND per month. This income is much higher than farming or working as a job. the number of other jobs, “said Ms. Phan Thi Kieu, a long-time employee of a trailer production establishment. Products have formed. Photo: Nguyen Ngoc After passing the heat press, the products are exposed to UV sterilization. Photo: Nguyen Ngoc Mr. Huynh Luu Tin – production manager shares, after buying, you must ensure whiteness, no mold. In the production process, the raw materials will be washed and dried, then put into the high-temperature press to create products such as cups, plates, spoons, rice trays … Mold shaped products with temperature From 80 degrees C to 120 degrees C, the trailer is pressed for 40 seconds to shape and dry. “The temperature is too high or too long will burn the product. After pressing the finished product, it will be disinfected by UV projector and then packed and sent for testing according to regulations before exporting. This is the product. environmental protection products, quite unique, so foreign markets are very popular “, Mr. Tin said, adding that the establishment’s revenue reached over 100 million per month and is continuing to increase. Products are made from trailers. Photo: Nguyen Ngoc Currently, the facility has 5 presses, each with 5 molds with a capacity of 200 products / machine / day. Depending on customer requirements, the facility produces different types of injection molds. The price of each product ranges from 1,000 – 6,000 VND. Packaged products are exported to foreign markets. Photo: Nguyen Ngoc Mr. Pham Quoc Vuong, Head of the Economic and Infrastructure Division of Nghia Hanh District, Quang Ngai Province, said that Nguyen Van Tuyen’s production base of dishes and food containers is a new and promising direction. . Highly rated products, which can replace plastic items or made from less environmentally friendly materials. “In the coming time, the locality will create conditions for this facility to develop different types of products, develop production, and create more jobs for workers,” said Mr. Vuong.

Mr. Tuong’s jasmine flower is well harvested by the traders for the output, giving a quite high income. Photo: Thien Thanh. Mr. Tuong said that the jasmine flower he is growing is single jasmine, another name is jasmine. Flowers are white, fragrant, blooming all year round and are used for tea production. The tree is suitable for tropical climates, belongs to shrubs, tolerates sunlight and flowers all year round, so it can be harvested every day. Mr. Tuong shared: Thanks to the efforts to learn and learn from the previous employees, so far, jasmine flowers have developed well. Jasmine is easy to grow, light on care, less pests and diseases. However, jasmine flowers like light, so in order to flower a lot, you must plant in a sunny place. The spacing of plants must be suitable, especially jasmine only suitable for organic fertilizer, if taking good care of plants with a lifespan of up to 10 years. Currently, more than 1 ha of jasmine flowers of Mr. Tuong are growing well and are giving flowers, every day there are flowers to harvest and he sells to a tea production unit with the selling price of flowers ranging from 150 to 200 thousand. VND / sign. Jasmine flowers grow very well in the land of Chau Thanh district (Dong Thap). Photo: Thien Thanh. With this price, each month, Mr. Tuong earns several tens of million dong from this jasmine flower. Mr. Tuong happily said: Growing jasmine flower only takes initial labor, when the tree is young, we have to regularly weed. Later on, very few had to use feces and drugs. Initially, Mr. Tuong only planted jasmine in a 5,000 m2 garden, planted jasmine for a while to bear local land, so he continued to propagate more in the back garden. Source of jasmine, he sells quite easily because there is a local Tra Huu Nghia Company that buys about 200,000 VND / kg of jasmine flowers (depending on the time the price goes up and down). Mr. Tran Minh Tuong (second from left) shared his experiences of growing jasmine flowers with farmers. Photo: Thien Thanh. Not only increasing income, Mr. Tuong’s jasmine growing model also creates jobs for some women in harvesting flowers with wages from 130 to 150,000 VND / day. According to Mr. Tran Phuoc Tung, Chairman of the Farmers Association of Tan Phu Trung commune, Chau Thanh district (Dong Thap), Mr. Tuong’s jasmine growing model is considered a new model that brings economic efficiency to farmers. appreciated local. Mr. Tung commented: Jasmine has high economic efficiency, stable income source every day. However, in terms of output, growers need to link production and consumption with tea bag production units to ensure product consumption …

8 provinces exceed the national average

Data show that in the first quarter of 2021, Shanghai people can earn the most, with a per capita disposable income of 21,548 yuan, and Shanghai is also the only region to break the 20,000 yuan mark. Followed by Beijing and Zhejiang, the per capita disposable income is 19,585 yuan and 18,263 yuan respectively.

Previously released data by the National Bureau of Statistics showed that in the first quarter of 2021, the national per capita disposable income of residents was 9,730 yuan, a nominal increase of 13.7% over the same period last year. Measured by this standard, in the first quarter of 2021, the per capita disposable income of residents in Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian, and Shandong exceeded the national average.

In terms of nominal growth rates, the growth of per capita disposable income of residents in the 10 provinces of Hubei, Zhejiang, Anhui, Inner Mongolia, Yunnan, Guizhou, Guangdong, Ningxia, Jiangsu, and Sichuan outperformed the country in the first quarter, with Hubei’s nominal growth rate reaching 24.4%.

Wage income is the cornerstone of driving residents’ income growth

According to income sources, in the first quarter, the national per capita wage income was 5,505 yuan, an increase of 12.4%, accounting for 56.6% of disposable income. Fang Xiaodan, director of the Household Survey Department of the National Bureau of Statistics, explained that wage income is the cornerstone of the growth of residents’ income.

Fang Xiaodan further analyzed that since the first quarter, the national economy has continued to recover steadily, and the effect of ensuring employment for residents and ensuring market players has continued to show. At the same time, the local Chinese New Year has significantly increased residents’ working hours, accelerated industrial production growth, and the gradual recovery of the service industry, which has led to an increase in rural residents’ going out to work, laying a solid foundation for the steady growth of urban and rural residents’ wage income.

51job.com recently released the “Salary Research Report for the First Quarter of 2021” and pointed out that the current company has adapted to the “normalization of the epidemic” and its operations have stabilized. Compared with 2020, the internal and external conditions for the company to adjust employee compensation have gradually improved. As an important adjustment window for the annual salary, a considerable proportion of enterprises have made corresponding salary adjustments in the first quarter.

The above report also mentioned that by geographical space, non-first-tier developed cities led the increase in salary; according to the nature of the company, private and state-owned enterprises were relatively leading; according to the type of industry, financial/investment/securities, communications/telecommunications/networks The equipment industry, electronic technology/semiconductor/integrated circuit industry led the salary increase.

Data map: RMB.Photo by Xiong Siyi, Sino-Singapore Jingwei

Regarding income increase, experts say this

This year’s government work report proposes to stabilize and expand consumption. Increase residents’ income through multiple channels. Efforts will be made to increase the income of low-income groups and expand middle-income groups. The growth of per capita disposable income of residents is basically synchronized with the growth of GDP.

In addition, the “14th Five-Year Plan” outlines the implementation of an action plan to expand the middle-income group, focusing on college and vocational college graduates, skilled workers, and migrant workers, and continuously increasing the proportion of the middle-income group.

How to achieve the goal of “Expanding China”? In an interview with the Overseas Edition of the People’s Daily, Su Hainan, a special researcher of the Chinese Society of Labor, said that employment is the biggest livelihood of the people and the source of the expansion of middle-income groups; improving the quality of middle- and high-level employees is an important support for the “expansion”.

It is worth mentioning that Cai Fang, chief expert of the National High-end Think Tank of the Chinese Academy of Social Sciences and a member of the Monetary Policy Committee of the Central Bank, said that in the future, more than 100 million rural people will gradually become middle-income groups, and 290 million migrant workers will gradually become middle-income groups, 2.45 Hundreds of millions of elderly people over 60 years old are gradually leading a middle-income life.

In early April, Xia Gengsheng, deputy director of the National Bureau of Rural Revitalization, stated that to achieve the leap from poverty alleviation to entering the middle income, three main measures were taken: first, to promote income growth through the development of industries, second, to promote income growth through stable employment, and third through innovation. Entrepreneurship promotes income growth. (Zhongxin Jingwei APP)

Recently, the National Bureau of Statistics released an update Per capita disposable income of residents in 31 provinces in the first quarter data.Provinces Economic report card for the first quarter of 2021 Also announced one after another.

Let’s take a look at it together. Which province do you rank in?

Ranking of per capita disposable income in the first quarter: Shanghai, Beijing and Zhejiang are among the top three

Recently, the National Bureau of Statistics has updated and announced the first quarter of 31 provinces Resident per capita disposable income data, Shanghai, Beijing and Zhejiang are among the top three . 8 provinces exceed the national average.

Disposable income per capita in 31 provinces in the first quarter of 2021. From the National Bureau of Statistics.

In the first quarter, the national per capita disposable income of residents was 9,730 yuan

So-called Resident disposable income , Refers to the sum of final consumption expenditure and savings available to residents, namely Residents’ discretionary income , Including both cash income and in-kind income.

In the first quarter, the national per capita disposable income of residents was 9,730 yuan , Deducting the influence of price factors, Year-on-yearThe actual increase was 13.7%. Compared with the first quarter of 2019, the two-year average real growth rate was 4.5%.

In terms of urban and rural areas, the per capita disposable income of urban residents is 13,120 yuan , An actual increase of 12.3%; Per capita disposable income of rural residents 5398 yuan , The actual growth rate was 16.3%, and the actual growth rate was 4.0 percentage points faster than that of urban residents. The relative income gap between urban and rural residents continues to shrink .

Shanghai’s per capita disposable income exceeds 20,000 yuan tops

In this list of residents’ income, the “Modu people” continue to be proud of the crowd and top the list.

Data Display, The per capita disposable income of Shanghai residents reached 21,548 yuan in the first quarter, ranking first , Is the only area in the country that has exceeded 20,000 yuan.

Per capita disposable income in Beijing and Zhejiang is close to 20,000

Beijing ranked second .According to data released by the Beijing Bureau of Statistics, In the first quarter, the per capita disposable income of residents in the city was 19,585 yuan , A year-on-year nominal increase of 9.6%. Four types of income increased across the board: wage income increased by 10.5% in nominal year-on-year terms, and net operating income increased by 15.6% in nominal terms.Net property income increased by 10.6% in nominal year-on-year, and net income from transfers increased by 5.3% in nominal year-on-year.

Zhejiang ranked third , Zhejiang’s per capita disposable income reached 18263 yuan .

“Su Daqiang” ranked fourth , The per capita disposable income of all residents in Jiangsu in the first quarter 15500 yuan , An increase of 14.1% year-on-year. “Cantonese Boss” ranked sixth , Guangdong’s per capita disposable income in the first quarter 12636 yuan , A nominal year-on-year increase of 15.3%.

The first quarter Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian, Shandong Per capita disposable income of residents in 8 provinces Above the national average .

Increase in wage income drives increase in residents’ income

According to data from the National Bureau of Statistics, the national per capita disposable income in the first quarter continued since the same period last year The trend of increasing growth quarter by quarter , Maintain stable and restorative growth .

among them, Wage income is the cornerstone of driving residents’ income growth .In the first quarter, the national per capita wage income increased 1 2.4% .Fang Fang, Director of the Household Survey Department of the National Bureau of StatisticsXiaodan said that since the first quarter, the national economy has continued to recover steadily, and the effects of ensuring employment for residents and ensuring market entities have continued to show.At the same time, the local Chinese New Year has significantly increased residents’ working hours, accelerated industrial production growth, and the gradual recovery of the service industry, which has led to an increase in rural residents’ going out to work, laying a solid foundation for the steady growth of urban and rural residents’ wage income.

Consumer spending rebounded sharply

After income growth, consumption growth also has confidence.On the basis of sustained and stable recovery of residents’ income growth, Residents’ consumption expenditure rebounded sharply year-on-year, showing a recovery growth trend .

Data Display, In the first quarter, the per capita consumption expenditure of residents nationwide was 5978 yuan , A nominal increase of 17.6%, and a decrease of 8.2% in the same period last year.In terms of growth trends, in the first quarter, household consumption has reversed the four consecutive quarters of decline since the same period last year. Restorative growth situation.

From a local point of view, Shanghai can make the most money, but also spend it the most , The per capita consumption expenditure of residents in the first quarter 12172 yuan , Highest in the country . Beijing Per capita consumption expenditure of residents in the first quarter 10998 yuan These two places are also two areas in the country where the per capita consumption expenditure of residents exceeds 10,000 yuan.

First quarter GDP of 22 provinces released

Recently, the economic report cards of the provinces for the first quarter of 2021 have been announced one after another. As of April 22, at least 22 provinces have released first-quarter GDP data .

among them, In terms of total GDP , Guangdong To 2.7 trillion yuan Sit firmly in the position of “Cantonese Boss”; GDP growth , The GDP growth rate of 22 provinces are all in double digits, the bottom of last year Hubei tops the list with a growth rate of 58.3% . Among them, the GDP growth rate of 7 provinces outperformed the national GDP growth rate.

The GDP data of 22 provinces in the first quarter of 2021.Source: China News Network

GDP total the amount : Guangdong, Jiangsu, Shandong Ranked in the top three

Guangdong, Jiangsu, Shandong Economic aggregate ranks Top three The pattern remains unchanged.

From the perspective of total GDP, Guangdong still holds the top spot without any suspense.Statistics from the Guangdong Bureau of Statistics show that The GDP of Guangdong in the first quarter of 2021 is 2,711.796 billion yuan , An increase of 18.6% year-on-year, an average growth of 5.2% in two years.

As the second place “Su Daqiang” , The province’s GDP in the first quarter 25878.838 billion yuan , An increase of 19.2% year-on-year, an average increase of 6.4% over the two years.

Ranked third Shandong , The province’s GDP in the first quarter 1805.55 billion yuan , An increase of 18.0% year-on-year, an average increase of 5.4% in two years.

In addition, Henan (1.330665 billion yuan), Sichuan (11859.24 billion yuan), Fujian (1,075.06 billion yuan), Hunan (1,022.399 billion yuan) GDP in the first quarter was “1 trillion yuan club” .

GDP growth rate: Hubei ranks first

From the perspective of GDP growth, Hubei, which has been at the bottom with negative growth last year, achieved a counterattack, ranking first .

Data from the Hubei Bureau of Statistics show that the province’s GDP in the first quarter of 2021 987.267 billion yuan , Compared with the same period last year 58.3% increase .

According to Ye Fusheng, chief statistician of the Hubei Provincial Bureau of Statistics, the economy of Hubei Province had a good start in the first quarter of this year, with stable economic recovery and steady improvement, and major economic indicators have achieved substantial growth. on the one hand Affected by factors such as a low base in the same period last year and an increase in working days during the Chinese New Year. on the other hand It is a manifestation of Hubei’s economic recovery and development.

As the province most severely hit by the epidemic last year, Hubei once pressed the pause button, and GDP fell by 39.2%, 19.3%, 10.4%, and 5.0% in the first quarter, first half, first three quarters, and full year of 2020, respectively. Now, finally ushered in a positive .

The GDP growth rate of 7 provinces outperforms the national growth rate

The national GDP growth rate rebounded to double digits in the first quarter, as did the local level. The 22 provinces that have released data so far have achieved double-digit GDP growth in the first quarter. .

among them, Hubei (58.3%), Hainan (19.8%), Jiangsu (19.2%), Anhui (18.7%), Guangdong (18.6%), River WEAT (18.4%), Chongqing (18.4%) this The GDP growth rate of 7 provinces outperforms the national GDP growth rate .

Among the 22 provinces, Qinghai (12.8%) and Heilongjiang (12.4%) had a GDP growth rate of less than 15% in the first quarter, Hunan’s GDP growth rate in the first quarter was 15%, and the remaining provinces’ GDP growth rate in the first quarter was higher than 15%.

Where is your hometown?

How much did you earn in the first quarter?

The pricing of the GrabCar Economy package is being tested Many information shows that Grab Vietnam may be about to launch a new GrabCar service. Grab’s new package is called GrabCar Economy. According to the description, this service is for passengers wishing to move GrabCar with basic requirements and the cost of saving about 10% more than normal GrabCar service. Currently, this service is being tested to a number of driver partners. In a statement sent to drivers, Grab said testing the new service will help drivers gain new passengers for more opportunities to increase their income. At the same time, the new service will not affect existing Grabcar services. “GrabCar Economy service will not be automatically activated for all partners, only priority will be given to those in need and quickly register the service”, said Grab’s notice. The fare of GrabCar Economy is 25,000 VND for the minimum of the first 2 km and 8,500 VND / km for the next. GrabCar service prices are respectively VND 27,000 and VND 9,500. The fare is cheaper, but the surcharges (night surcharge, platform fee, stop surcharge surcharge) and discounts are the same as for GrabCar. Many GrabCar drivers reported receiving information about the new service trial implementation from Grab. However, GrabCar Economy is still in beta and it is not clear when it will hit the market. The service name is also displayed on the user’s application, but the user is still unable to book a vehicle. This service is already available on the app, but the user can’t book a car yet The launch of a cheaper package will help Grab expand more customer segments, especially customers who want to travel with more reasonable prices and do not have high requirements for vehicle types. This policy can help this ride-hailing company expand its market share by getting more customers from other apps or traditional taxis. This can make the market race increasingly fierce and the opportunities for new applications to enter the market will narrow, if there is not enough financial capacity to compete.

According to Forbes, Roger Federer earns nearly $ 114 million a year and is also the highest-paid athlete in tennis history. Therefore, it is not surprising that the famous Swiss tennis player owns many expensive real estate around the world. Photo: Tennis365. In 2014, the tennis star spent $ 18 million to buy a luxury apartment in the 50-story skyscraper Le Reve in Dubai. Le Reve is known as the most luxurious tower of Dubai. Photo: Alek Carrera Estates. Federer’s presidential penthouse has an area of ​​nearly 600 square meters with expensive views of the ocean and luxury marina of Dubai. Federer lives here mostly in the fall and winter, or before attending the Dubai Open in late February. Photo: Alek Carrera Estates. The Sun revealed, the tennis superstar did not regret money for this expensive property. The most expensive and luxurious materials are used by Federer to renovate the apartment. Photo: Alek Carrera Estates. The apartment is equipped with an intelligent management system. Tennis superstars can freely control lighting, temperature and other smart amenities from any corner of the house. Photo: Alek Carrera Estates. The apartment has 5 spacious bedrooms decorated in Dubai style. Photo: Alek Carrera Estates. Each bedroom has a private bathroom with full luxury amenities. Photo: Alek Carrera Estates. In addition, the sports star has a separate dressing room and makeup. Photo: Alek Carrera Estates. Living room with luxurious wooden furniture. Photo: Alek Carrera Estates. Spacious kitchen is fitted with wooden cabinets and tiled countertops. Photo: Alek Carrera Estates. Large dining room. Photo: Alek Carrera Estates. The apartment has a private terrace of 80 square meters with great views of the Dubai marina and the ocean. Photo: Alek Carrera Estates. The building also features a private rooftop swimming pool with adjustable temperature and a sports center designed by Federer personally. Photo: Alek Carrera Estates. In particular, Federer is also provided with personal security services and exclusive privileges for luxury residents of Le Reve. Tennis superstars can use a limousine with their own chauffeur, helicopter or private jet, all of which can be ordered at the touch of a button. Photo: Sky News.

Mr. Truong Tan Vien sat diligently and tore his jeans at the corner of Ho Xuan Huong Street (District 3). Photo: Kim Van Tear off a special shirt of 35 million dong I went to see Mr. Vien in the late afternoon of April. He did not know that he became famous. He only knew that a while ago, many reporters and media came to ask questions. The silver-haired man said that he used to be a portrait painter, signboard …, but his income is low, not enough to cover his life, so he has to find a side job to earn income. more. 30 years ago, Vien found that on Ho Xuan Huong street he sold a lot of jeans, so he traded jeans to earn extra income. One day he took things out for sale, naturally in his mind, Vien remembers the old days when watching international bands, singers used to wear torn jeans was very impressive, from which he came to mind. thought to tear the jeans I was doing business so that it would be new. Who expected some people to be interested, Mr. Vien became expensive and was the driving force for him to stick with the profession of tearing jeans until today. Mr. Vien is originally a painter, so when he comes to making jeans, he has many advantages. “We have art already, now it is ok to have more technology”, Mr. Vien said. Photo: Kim Van According to Mr. Vien, he saw himself as a profession “tearing” jeans as a painting. Instead of the painter using a paintbrush to paint on paintings, Mr. Vien used a knife to tear across the jeans to create pictures. According to Mr. Vien, he did not follow any school and class to teach, work for a long time, so he had experience, gradually accumulated and reformed technology. Proficient in tearing jeans, Mr. Vien’s fingers could not avoid being frequently bleeding and scratched by a knife while working. Photo: Kim Van After 30 years of working with jeans tearing, Mr. Vien could not remember how many products he had torn and how many customers he met. So many customers come back to remind him for a few years, and he remembers “yeah, right”. However, among thousands of customers who have visited his “shop”, including famous singers and actors with products worth up to tens of millions of VND, he was especially impressed with customers. Row is athlete Nguyen Tieu Phuong. Recently, she brought out a unique jeans worth 35 million VND (one of two currently available in Vietnam) thanks to him tearing it up. When receiving the product from Mr. Vien, Ms. Phuong was very excited. “Up to now, I really like clothes that make cuts, dust, brush. Before I used to do it myself at home, now I know that Uncle Vien does this job, so I bring him to make it beautiful.” more “, Phuong happily said. Ms. Phuong was satisfied with the jeans that Mr. Vien tore off. Photo: character provided Just have passion Not only thanks to Mr. Vien’s styling, many customers come to Mr. Vien to confide, talk and talk about … fashion. Mr. Vien happily talked to them and did not put much emphasis on making money. Because his two children have grown up and grown up, he does not have to struggle with making a living for his children to study as before. In addition to the afternoon time at Ho Xuan Huong’s “shop”, Mr. Vien took advantage of his mornings and nights at home to process and recycle jeans bags from old clothes. Each product is priced from 200,000 to 300,000 VND. Photo: character provided According to Mr. Vien, nowadays, if anyone is passionate about, working as a jeans maker will have a stable income. Because, more than 20 years ago, when Mr. Vien started his work, few people recognized that the products he tore were fashion products. Now that big foreign fashion brands bring ready-to-wear jeans to the market, people are in love. And Mr. Vien’s traditional hand-torn jeans clearly have an advantage over industrial tearing. The profession of tearing jeans is also an art subject, requiring creativity and aesthetics. Photo: Kim Van Most of customers after receiving products from Mr. Vien are satisfied because including their ideas, Mr. Vien is the one who realizes it. Many products are old, frayed when the hands of Vien “enchant”, customers are surprised because it brings a new look, a new body. “Oh my God, how beautiful is it. It’s so beautiful” is a frequent statement from customers and it makes Mr. Vien happy and has more creative motivation and attachment to the profession. The jeans that Mr. Vien tore up included a picture of a bicycle and 11 letters, he took a guest of 280,000 VND. Photo: Character provided For each tear (tear hole), Mr. Vien charges 20,000 VND. Not only styling on jeans, but Mr. Vien also style on shirts, bags and shoes. In addition, he also recycle old jeans, shirts and hats into bags. The unique bags are sold for 250,000-300,000 VND. It is known that in Saigon there is currently no one who works like Vien. He is considered the only person in Saigon to make a living by this unique job. Mr. Vien goes to “shop” with the products he made. Photo: Kim Van The customers who come to Mr. Vien’s “shop” to create tearing clothes are mostly those with strong fashion sense, personality, meticulousness and free lifestyle. “Many people are surprised why there is a job of tearing jeans. I have not taught anyone this profession because currently no one has come to study. If anyone is passionate, has a need, I am willing to share it carefully. I want many people to do it so that I can share my job again, this job is easy and simple, it doesn’t require me to have the tools and much investment. .. “, Mr. Vien sincerely said. A man ripping off strange jeans in Saigon

From early morning on Hai Thinh beach (Nam Dinh), there were dozens of fishermen leading the sea. This is a job that helps people have the main source of income for the family. The job of the players who don and rake depends on the country. Big countries go a little later, sometimes until after 1pm to end. The tool for scratching is a 5-7 meter long tattoo, the base of the tattoo is attached with a razor neatly in a rectangular iron frame so that it can be inserted deep into the sand and move more easily. Despite the hardship, but for 40 years, Mr. Tuy has not given up a day except when he is sick. Scratching places are usually sandy beaches on the sea with a depth of 0.5-1m above sea level. The person who rakes with one hand holds the bamboo handle, the other hand resting on the waist with a recoil. Average raking is 15-20 meters a time calculated about 10km per session and soak in sea water continuously for 6 hours. If locating, the fishermen have to immerse themselves in the sea water, while for the claw don, they will have to bow down to dig from under the sand layers. Fishermen have to use small shovels to flip up the sand and sea soil to dig. Don is shaped like a bottle but smaller so you have to look closely to see. The don season peaks from May to June Due to direct contact with water and sea soil, the legs and hands of the rake fishermen have many wrinkles and pale skin. The donation bucket accompanies the fishermen every raking session If they are lucky, each day fishermen can earn from 300-500 thousand VND. On days when the weather is not favorable, we can only scratch a little and we have to go home. Don will be cleaned by fishermen for processing and consumption The fresh pawns cost 30-50 thousand VND / kg and are very popular with the people. Since the donation, the donation has a value, the job of rake and donation attracts more people to do and less and less.

Therefore, the National Bureau of Statistics also released data compared with the first quarter of 2019-a real growth of 10.3% year-on-year in the two years, and the average growth rate of the two years slightly exceeded 5%, which is also a relatively high level in the world. And it is also expected to continue to be the “highest growth country” among the world’s major economies.

In addition, in the first quarter of this year, my country’s pork production increased by 31.9% year-on-year, which is also the main reason for the recent gradual decline in pork prices in my country; the total retail sales of consumer goods reached 1,05221 billion yuan, a year-on-year increase of 33.9%. Among them, the retail sales of urban consumer goods was 9,134.5 billion yuan, a year-on-year increase of 34.6%; the retail sales of rural consumer goods was 1,3877.5 billion yuan, a year-on-year increase of 29.4%.

In the first quarter, the per capita disposable income of residents hit a new high

With a GDP of 24.93 trillion yuan, based on a population of slightly more than 1.4 billion, my country’s quarterly GDP per capita rose to 1.78 trillion yuan. This includes “salary + interest + rent + profit + indirect tax and corporate transfer payment + depreciation”. What really belongs to our residents’ income is only a small part.

How much does it belong to the income of our residents?Public In the first quarter, the per capita disposable income of residents was about 9,730 yuan, a year-on-year increase of 13.7% . Among them, the per capita disposable income of urban residents was about 13,120 yuan, a year-on-year increase of 12.2%.

The per capita disposable income of rural residents was 5398 yuan in the first quarter, an increase of 16.3%. The income ratio of urban and rural residents is “2.43 to 1”, indicating that the income distribution gap between urban and rural residents in my country is still large. It is necessary to continue to improve the secondary income distribution system and increase the income-generating projects of rural residents.

After reading income, let’s look at consumption: in the first quarter, the per capita consumption expenditure of Chinese residents was 5978 yuan. Among them, the per capita consumption expenditure of urban residents was 7,495 yuan, and the per capita consumption expenditure of rural residents was 4,039 yuan-the per capita balance of urban residents was 5,625 yuan, and the per capita balance of rural residents was 1,359 yuan.

What was the median income of urban and rural residents in the first quarter?

When it comes to the average per capita disposable income, many netizens say that “he is equal to Jack Ma, Ma Huateng or Wang Jianlin, and he is also a billionaire.” They believe that the average tends to exaggerate the income data of ordinary residents, and they hope to see it. To the median-that is, the median level of residents’ income.

In the first quarter of this year, the national median per capita disposable income of residents was 8,014 yuan , An increase of 12.7%, and the median is 82.4% of the average. Among them, the median per capita disposable income of urban residents is 11090 yuan, and the median per capita disposable income of rural residents is 4340 yuan. Have you or your family met the standard? This article is organized and written by[Nansheng]please do not reprint or plagiarize without authorization!

Throughout the historical evolution, this is the most vivid part of marine culture, and it is also the epitome of the times. In such a village, because it relies on the sea, the villagers make a living by catching fish, shrimp, and snails from the shallow sea. Unfortunately, they have always been poor and backward. It was not until 1985 that the villagers created a new way to develop marine fishing, which turned the entire village into one of the richest fishing villages in the province. This is the place we are going to today—Jip Village. At first glance, do you think the name is weird? In fact, chicken p means village, p is pronounced nǎ, chicken p means hen. The village is called this name, not because there are many hens, but because there is a hen-shaped mountain behind the village. The villagers named Jip Village in order to protect their children and grandchildren from the Xingcun Wang tribe. Jip Village is located in Yangjiang City, Guangdong Province, on the south bank of the mouth of the Jianshanzui of the Zhit River, the mother river of Yangxi. I have introduced the city of Yangjiang several times before. Many people have heard of Yangjiang because of the 800-year-old Song Dynasty shipwreck “Nanhai No. 1”. As a prefecture-level city under the jurisdiction of Guangdong Province and a city in the metropolitan area on the west bank of the Pearl River Estuary, Yangjiang has a very advantageous geographical location, with mountains and seas, and beautiful scenery. Jip Village is a small fishing village in Yangjiang, 10 kilometers away from Yangxi County. There is a natural haven, so the fisherman’s style is particularly strong. In the early years, Jip Village was only a poor and backward pure fishery natural village. The villagers enjoyed the ordinary life and were accustomed to the ordinary life. The fishery in the village is dominated by artificial sculling boats, sailing boats, and paddle boats. They go to shallow seas and Yangbian rivers to fish, shrimp, and snails. Not to mention hard work, and I can’t make much money. In 1985, the fishery in Jip village ushered in a development. A pair of Lin brothers in the village mobilized the villagers to cooperate in buying boats in the form of a shareholding system, and mobilized other villagers who could not afford a boat to establish a fishery cooperative. They thought that since they need to rely on the sea to eat the sea, they must have strong tools. In the late 1990s, under the leadership of the Lin brothers, villagers eliminated wooden boats, purchased steel-hulled boats, and equipped with advanced fishing equipment. The far sea is their new destination, where there are more abundant sea catches. While developing marine fishing, the villagers also opened many fish processing plants. This makes the economy of the entire village continue to grow, and their lives are getting better and better. Up to now, there are only 104 households in Jip Village with less than 500 people. It has 111 modern fishing boats, with an annual marine catch output of 26,000 tons, an output value of 185 million yuan, and an annual profit of 38.8 million yuan. What an amazing number this is. Can you imagine? Even in first-tier cities, an annual salary of one million is not easy. In this seaside fishing village, the average annual income of the villagers reached 130,000 yuan, of which 12 households had an annual income of more than 1 million yuan. As life becomes more and more prosperous, Jiplang Village is also digging deep into the culture of sea farming, making the village an Internet celebrity village for tourists to check in. Looking around, the straight asphalt road is lined with trees and the distant mountains are towering. Before entering Jiplang Village, I can already feel the vitality of the new countryside and the charm of the fisherman’s family. Walking into the village, I saw that the village road was spacious and clean, and there were scattered houses everywhere. These dwellings are also very special. The upper and lower floors are made of different building materials, which actually mix and match to create a sense of beauty. Several green trees dotted it, adding some vitality and vitality. Many details of the village can reflect the ocean theme, such as the murals on the houses. You see, here is the scene of two ships sailing away. Although these murals do not have high drawing skills, it is rare that they are simple and moving. There are also displays of three generations of dwellings in the village. The dwellings of each era have their own architectural features, from which the imprints of the changes of the times can be found. Passing a long wooden trestle bridge, there are clear water on both sides. The water lilies on the water have not yet opened. If it is summer, it must be another gorgeous scene. You can also meet up with three or two friends, sit on the platform by the water to blow the air, chat, and taste delicious food. This is the comfort and freedom that belongs to Jip Village alone. There are two places in the village, you can visit them specially. One is the Yujia Cultural Center. There is a wooden boat directly in the center of the museum. The wooden boat is placed on the yellow sand, creating a real sense of outdoor indoors. The museum exhibited the process of fishery development in Jip Village, and some tools used by the villagers at that time have also been preserved. It was generations of people who kept groping and heading towards the depths of the sea that brought the prosperity of Jip Village today. The significance of the Yujia Cultural Center is to give people who don’t know Jip Village an opportunity to learn about the past, and it also reminds the current villagers to never forget the past. The other is the Folklore Exhibition Hall. The exhibition hall is not big and looks very ordinary in appearance. It was remodeled with several residential houses. Walk inside, there is no other place. The quaint dwellings are full of the atmosphere of ancient times, telling the folk stories of Ji P Village. The mottled walls are precious texts and pictures, but the entire exhibition environment is a real residential house with some old objects inside. This kind of exhibition is even more shocking. From farming culture to fishery culture, we have seen the changes of the villagers as well as their persistence. Industrious spirit and courage to explore are the source of strength to support Ji P Village, and it is also the reason why Ji P Village is so charming. Do you want to take a look at this special fishing village? travelling guideline Address: Yangxi County, Yangjiang City, Guangdong Province Traffic reference: Take Yangxi Line 3 at Yangxi Bus Terminal, get off at Jip Station after 14 stops, and walk 1.5 kilometers to arrive Tickets: Free Opening hours: open all day I am Yan Leng With an interesting soul I keep walking on the road Travel|photography|writing|sharing

Du Lihong, the special author of this journal / article

As the world’s largest alternative investment management company, Blackstone has three main sources of income: management fees, performance compensation, and return on principal investment. Among them, the proportion of management fee income in the total income (management fee income + performance return + net investment income) is relatively stable between 40%-50%. Affected by the epidemic from January to September 2020, performance returns will be reduced to negative Correspondingly, the proportion of management fee income in total revenue has increased significantly to more than 100%; in the past 5 years (2015-2019), Blackstone management fee income accounted for an average of 49% of total revenue.

Compared with management fee income, performance compensation is more sensitive to the fund’s own investment income. Since performance compensation is usually withdrawn when the fund’s return rate exceeds the threshold, even if the fund’s assets are still appreciating during the period, as long as its appreciation is reduced, the performance compensation of its management company may drop sharply, or even When the fund assets depreciate, the manager may face the risk of returning the performance rewards that have been withdrawn before. At this time, the performance rewards will be negative. In 2020, affected by the epidemic, Blackstone’s performance compensation in the first quarter fell to -3.274 billion U.S. dollars; with the rebound of the capital market valuation in the second and third quarters, the company’s performance compensation and principal investment income also rebounded, but the first three quarters The cumulative performance reward is still US$300 million; and during the financial crisis, Blackstone also experienced negative performance rewards (in 2008, Blackstone’s performance reward was -12.5 billion US dollars).

Conversely, when the appreciation of fund assets exceeds the threshold, Blackstone’s performance returns will increase exponentially. It can be seen that the performance returns of alternative investment management companies have high volatility characteristics. On average, in the past 5 years (2015-2019), Blackstone’s performance compensation accounted for an average of 45% of total revenue.

As for the principal investment income, for the alternative investment management company, the principal investment at the business level is mainly composed of two parts: one is the amount of capital contributed by the alternative investment management company as a GP (general partner) in the funds initiated and managed by the alternative investment management company. , This part of the capital contribution will be the same as the capital contribution of other LPs (limited partners), which can share the investment income of the fund in proportion and bear the investment loss of the fund; the second is that alternative investment management companies will incubate new business lines/product lines with their own Funds are used as seed capital investment in some new projects and external acquisitions of new teams. We collectively refer to them as “seed capital” business. In addition to the income contribution of the asset itself, this part of the investment will also increase as the business line/product line matures. It will leverage higher asset management leverage to lay the foundation for future expansion of asset management scale, higher management fees and performance rewards. In fact, for many alternative investment management companies, the management leverage of principal investment is of great significance. Far greater than the significance of its investment income.

Blackstone’s business-level principal investment in 2019 is approximately US$6.8 billion, and the resulting net investment income (realized and unrealized asset appreciation income + net interest income + dividend income) is only 530 million US dollars, which is only equivalent to the current year. 7.6% of the total income; but this part of the principal investment supported the scale of assets under management of US$570 billion, which contributed US$3.484 billion in management fee income and US$3.0 billion in performance returns that year; affected by the epidemic in 2020, investment assets will be slightly Depreciation, the cumulative investment income from January to September fell to -71 million U.S. dollars, but because investment income accounted for a relatively low proportion of the total income, short-term fluctuations had little effect on the company’s overall performance. More importantly, It lies in whether these seed capitals can leverage a higher proportion of the scale of assets under management in the long run. In the past 5 years (2015-2019), Blackstone’s principal investment income accounted for an average of 6% of total income.

In summary, for mature alternative investment management companies, the first two together account for more than 80% of the total income, while the principal investment income usually accounts for less than 20%. Among them, the contribution rate of the performance reward in the boom period can reach more than 50%, but the performance reward in the low period will be greatly reduced or even negative. Therefore, the management fee income maintains the basic operation of the company in the long run, and the performance reward determines the company The short-term performance volatility of the investment; as for the principal investment, the contribution of its investment income is less. The more important significance is to maintain the innovation power of the enterprise in the form of seed capital and promote the continuous growth of the scale of managed assets.

The principal investment of alternative investment management companies will amplify the management leverage, and the management leverage will amplify the risk of volatility while amplifying the return on income. That is, when the appreciation of fund assets slows down, the manager’s performance returns will also be greatly reduced. Even negative; however, because the incentive compensation part of the management team in operating costs will also change with performance fluctuations, the incentive compensation will also be greatly compressed in years when investment performance has fallen sharply, and may even be reduced to a negative value (ie , The part of the salary payable that has been confirmed and yet to be paid to the management team is reversed), so in the long run, the profit margin of alternative investment management companies is relatively stable.

Taking Blackstone as an example, Blackstone’s operating profit margins have always been high, ranging from 30% to 60%. Except for 2008, when performance returns were negative, Blackstone’s operating profit margins in all other years were within 30% to 60%. In the years with good performance, the operating profit margin can rise to more than 50%. In the years with poor performance, the operating profit margin can generally be maintained at more than 30%. In recent years, there has been an upward trend. This is largely due to Due to its ever-expanding scale of managed assets and huge single fund scale, the scale effect has effectively reduced the personnel costs and other operating expenses allocated on the unit’s managed assets.

In contrast, Carlyle’s refined product line has reduced the company’s overall operating profit margin to a certain extent. Unlike the giant funds deployed by Blackstone globally, Carlyle pursues a multi-fund strategy that subdivides product lines by region and industry. Correspondingly, the scale of its single fund is small, but its product lines are numerous and the total number of funds is large. This undoubtedly increases the company’s fund-raising costs and the cost of call payment, distribution, and reporting during the fund operation process, and also weakens the management team. The synergy between the two, its operating profit margin is usually between 20%-40%, which is lower than that of Blackstone. However, as Carlyle gradually withdrew from some under-performing business lines and product lines, and introduced an insurance sustainability platform through mergers and acquisitions, its operating profit margins have increased.

Compared with operating profit margins, for alternative investment management companies, a more meaningful indicator is the ratio of rigid expenditure to management fee income, which shows whether alternative investment management companies can continue to maintain profitability and maintain dividends in the trough. According to historical data, Carlyle’s rigid expenditure ratio has always been the highest among the five companies, with an average of about 80%. Among them, in addition to the cost of product line refinement, the follow-up incentive cost of M&A expansion also accounts for a considerable proportion. .

Compared with Carlyle, Apollo Asset Management’s rigid expenditure ratio has always been lower. The reason is mainly due to the construction of the perpetual capital platform. With the contributions of its insurance platforms Athene and Athora, perpetual capital has already accounted for To 60% of Apollo’s total assets under management, and contributed a relatively stable management fee income to it, saving fund-raising costs, and its large entrusted scale also reduced personnel costs, so that the company’s overall rigid expenditure accounted for a relatively high proportion. Low level.

As for Oaktree Capital, on the one hand, the non-performing asset disposal strategy in the post-financial crisis period has reduced investment opportunities and the pace of fundraising has slowed, resulting in a slowdown in the growth rate of management fee income; on the other hand, in order to maintain its stickiness to investors, the company has since 2011 Since the beginning of the year, the pace of launching new products has been accelerated, which has led to an increase in the proportion of rigid expenditures; as a result, from the listing in 2012 to the end of 2018, the company’s management fee income has basically maintained at the level of 700 million US dollars per year, but the cash remuneration of the business department The increase from US$330 million to US$400 million, and the general management fee from US$110 million to US$160 million, caused the company’s rigid expenditures to rise from 59% in 2012 to 71% in 2018.

In contrast, with the expansion of the scale of its assets under management, the ratio of rigid expenditure to management fee income has dropped from 70% during the financial crisis to about 50%, so that it can maintain positive cash flow and provide investors with relatively stable dividends. income.

In summary, the ratio of rigid expenditure to management fee income of large alternative investment management companies is usually between 50% and 80%. The refinement of product lines and subsequent incentive costs of mergers and acquisitions will increase the proportion of rigid expenditures to a certain extent. , And the growth of the scale of the perpetual capital platform can reduce the proportion of rigid expenditure to a certain extent; in addition, the difference in salary structure will also affect the proportion of rigid expenditure. Some companies have a slight proportion of basic salary in total compensation. High, in order to maintain the stability of employees, and some are based on incentive compensation to enhance the incentive effect; but in general, even in the downturn of the industry, the management fee income of large alternative investment management companies can basically cover their rigid expenditures. As a result, the company maintains a continuous positive cash flow. Correspondingly, even under the impact of the epidemic, several listed alternative investment management companies have maintained relatively stable dividend income.

As of the end of 2020, Blackstone’s dividend rate was 3.0%, the average dividend rate for the past 5 years was 6.1%, and the dividend yield rate for the past year was 3.3%; the lowest dividend rate was KKR, which had a dividend rate of only 1.3% as of the end of 2020 , The average dividend rate in the past 5 years is 3.7%, and the dividend yield in the past year is 1.8%; the highest dividend rate is Apollo, which has a dividend rate of 4.8% as of the end of 2020, and the average dividend rate in the past 5 years is 6.4 %, the dividend yield in the past year is 4.8%; while Carlyle’s dividend yield is similar to that of Blackstone. As of the end of 2020, the dividend rate is 3.4%. The average dividend rate in the past five years is 7.7%. The dividend yield in the past year The yield is 3.1%. In short, in the past five years, dividend income has contributed 20%-40% of the total shareholder return of large-scale alternative investment management companies listed in Europe and the United States.

(The author is a partner of Beta Strategy Studio, and the WeChat public account is Du Lihong Alternative Finance.)

Customers come to Mr. Loi garden to order flowers. Photo: Thanh Nghia.

Currently, the selling price of these flowers is dozens of times higher than that of ordinary flowers, helping his family have an attractive income source.

Anh Loi said that these flower varieties originated from Thailand, which he imported and began to experiment and propagate for about 2 years and this was the first year he launched to the market. The special feature of these varieties is that the plants flower all year round, with strange flower colors, looking very beautiful.

Currently, the orange and golden phoenix flowers have just been propagated for more than a month, only about 1 inch high, the selling price ranges from 150 to 180 thousand VND, only the plants are about 5 feet high and have given flowers the selling price. up to several million dong per tree.

The mutant flowering tree with 2 colors on the same tree sells for several million dong. Photo: Thanh Nghia

In particular, in Mr. Loi, there are several plants that produce 2 kinds of flowers on the same rare tree, so the selling price is 3 times higher than that of conventional trees.

According to Mr. Loi, this cultivar flower blooms all year round, currently most of the seedlings in his garden have been ordered by traders, many customers have come to buy but supply is not enough.

In a report to the Ministry of Health, Bach Mai Hospital said that from February 1, 2020, the number of employees and job transfer to other agencies at Bach Mai Hospital was 221 people. Prof. Dr. Nguyen Quang Tuan, Director of Bach Mai Hospital confirmed that many of the hospital’s human resources have recently quit their jobs and moved to other places. Among those taking leave, some have the title of Associate Professor and Doctor, but the leave is to move to another place with higher income. In addition, human resources quit due to the reorganization of payroll and employment positions due to complete financial autonomy in the hospital.

The hospital report also said that during this period, the hospital recruited and signed contracts with 506 people, including: 199 people who are officials, employees, and workers with professional qualifications; 232 nurses, medical technicians have completed training courses to improve skills organized by the hospital in 2019 and 75 working positions to welcome, guide and transport patients …

Illustration.

So is there a situation of “brain drain” at Bach Mai Hospital as public opinion raises? Talking with reporters, some doctors and staff shared about the reasons why they quit their jobs at Bach Mai Hospital, and also shared their sadness and concerns when they had been with the hospital for many years.

Working in the Department of Oncology of Bach Mai Hospital since the days of university graduation until the retirement age, Dr. LVT is one of 222 staff members and staff who just resigned. Without stating the reason for taking leave, Dr. T asserted that not only him but also many doctors and staff had feelings of “sadness and concern.”

“I am very sad when I have to move to the hospital even though I am going to the retirement age and have to move to the hospital for many years,” said Mr. T.

Many other staff members resigned at Bach Mai Hospital also expressed their regret. However, when asked about the reason why they decided to quit their job at a large hospital like Bach Mai, many people said that it was a personal reason. Some even refused to answer because they quit their jobs and were no longer members of this hospital.

Quitting his job at Bach Mai Hospital from March 2021, Mr. NNK, an employee of the Faculty of Pharmacy shared, he sent his leave to his leaders right after Tet for many reasons, of which the main reason was due to the mechanism of The hospital has a change: “This change makes medical staff like us have to work more and more pressure, but the total income not only does not increase but also decrease than before”.

Answering VOV.VN’s reporter, Dr. Do Van Thanh, Head of Personnel and Organization Department, Bach Mai Hospital, it is normal for employees to quit their jobs, taking place every year. However, the past year at Bach Mai hospital is clearly higher.

Mr. Thanh also said that in parallel with 221 employees who changed jobs and quit their jobs, from February 1, 2020, the hospital has recruited and signed new contracts of 506 people. In which, the recruitment and reception of cadres, officials and workers with professional qualifications is 199 people (of which 5 persons with post-graduate professional qualifications; Doctor of 4 people; MSc. residents, BSCKI is 98 people, Bachelor of Nursing advanced system, graduate students with excellent grades: 24 people …). At the same time, signed labor contracts for 232 nurses, medical technicians who have completed the training course to improve skills organized by the Hospital in 2019. Deployed to sign labor contracts with the positions. welcoming, guiding and transporting patients … in order to improve the quality of medical examination and treatment services, bring satisfaction to the patient, and the patient’s family is 75 people.

“I affirm this is not brain drain as people think. Moreover, the number of vacations is spread throughout the year and in dozens of units, not massively. The same is true for the new recruitment. The hospital director’s point of view is how to attract highly qualified personnel, so the number one priority is to recruit resident doctors, then advanced bachelor, who have English proficiency … “- Dr. Thanh said.

Also in the report to the Ministry of Health, Bach Mai Hospital said that the total revenue of the hospital in 2020 decreased by nearly 2,000 billion compared to 2019 (down 26%). Although the hospital has applied a policy of supporting staff to stabilize income (2 months each person, the hospital’s salary is blocked because of the COVID-19 epidemic and support for additional income stabilization in the first 6 months of the year). 2020 with a total budget of 120 billion VND), but the income of officials and employees will still decrease much compared to 2019.

According to the report of Bach Mai Hospital, in the implementation of the hospital autonomy pilot project for the period 2020-2021, at the beginning, the hospital faced many difficulties in the apparatus, operation regulations and impacts of the COVID epidemic- 19, especially difficult financial resources.

Bach Mai Hospital said that in order to operate in accordance with the autonomy mechanism in the new situation, the hospital reorganized the apparatus, streamlining unnecessary labor, and re-arranging appropriate labor. qualifications, capabilities and job positions. In particular, the hospital dissolves functional units that are no longer suitable for the hospital’s development in the current period such as dissolution of service units that provide free of charge to patients, merger. the pharmacy system entering the Pharmacy Faculty in accordance with regulations and implementing the small and medium private health rapidly develops …

Dr. Do Van Thanh added that over the past time, due to the impact of the COVID-19 epidemic, the number of patients visiting Bach Mai Hospital has decreased significantly. In the past, the hospital received from 6,000 to 7,000 patients a day and treated more than 5,000 inpatients. Now due to the epidemic, there are times when the hospital only has more than 1,000 inpatients./.