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Increasing demand worldwide Oil price close to $ 100?

Status: 23.06.2021 3:10 p.m.

Oil is more expensive than it has been in two years. Experts warn of a supply crisis: The prices for crude oil and thus also gasoline, kerosene and heating oil could soon rise much higher.

From Angela Göpfert, tagesschau.de

Oil prices hit new multi-year highs this week. For the first time in two years, a barrel (159 liters) of the North Sea Brent cost more than $ 75 again. For a barrel of the US West Texas Intermediate (WTI) variety, more than 73 dollars were paid on the market – the highest amount since October 2018. Rising oil prices – something that businesses and consumers may need to get used to. According to some experts, the new multi-year highs in oil prices, which many consumers are already feeling painfully at gas stations or when buying heating oil, are just the beginning of a longer upward trend in the oil market.

Analysts predict rising oil prices

The experts at the US investment bank Goldman Sachs expect the Brent price to rise to $ 80 this summer. But that is not the end of the story. An oil price of $ 100 is a “real possibility”. Alex Sanna, top oil trader at Glencore, the world’s largest commodity trading group, also said, according to the Financial Times, that an oil price of $ 100 is becoming increasingly likely.

The experts at JPMorgan even see a new oil super cycle looming and recently renewed their forecast of an oil price of $ 190 in 2025.

Demand congestion as a price driver

Francisco Blanch, raw materials expert at Bank of America, may not look quite that far into the future. For this he has the most precise 100-dollar forecast ready: the oil price could crack the round mark as early as 2022. The market hardly changes on the supply side – and this in turn is offset by an immense backlog of demand. It is easy to explain where this backlog of demand comes from: Just as many private households restricted their consumption during the pandemic, so too many companies put the necessary investments aside. Now that the global vaccination campaign is gaining momentum, at least in the major industrialized countries, consumers, companies and economies have a lot to catch up on.

Delta variant is a risk factor

The more relaxed Corona situation and the awakening global economy are leading to higher demand for crude oil, gasoline, diesel – and kerosene. Oil expert Blanch sees the rising travel industry as a major price driver.

The delta variant of the virus from India, which could lead to a further tightening of the corona measures, is currently also posing a risk to the economy.

Signal of a shortage of supply

In search of signs of whether demand is actually exceeding supply at the moment, it is worth taking a look at the market for so-called oil futures. Current oil futures contracts are quoted there higher than contracts with delivery at a later point in time. Such a constellation, referred to by experts as “backwardation”, is rather unusual and a clear indication of fear of scarcity – “and thus for further rising prices”, as market expert Robert Rethfeld from Wellenreiter-Invest emphasizes.

A price corrective called fracking

The rising prices should actually make re-entry into the oil market attractive for the US shale industry. In the past, the US frackers acted as flexible price correctors on the oil market: If prices rose, more shale oil was drilled in the short term, supply increased, prices fell again.

As a reminder, the last time oil traded above $ 100 was in 2014, when a rapidly growing supply from the US fracking industry brought an abrupt end to the last oil super cycle.

Sustainability trend slows US oil industry

But this mechanism doesn’t seem to work that well anymore. This is due on the one hand to the new US President Joe Biden, who imposed a stop on oil and gas drilling on state-owned land in January, and on the other hand to the global trend towards sustainable investment.

“The number of active US oil wells is increasing only slowly,” emphasizes wave rider expert Rethfeld. “The investors do not want to see an expansion of the production capacities at the moment, but instead demand investments in renewable energies.”

Iran as a risk factor

The production countries of the OPEC + oil cartel, especially Saudi Arabia and Russia, could benefit from the West’s climate policy. It remains to be seen how willing they are to expand production to fill the void left by the US oil industry.

Especially since there are supply risks on the part of OPEC: “After the election of an ultra-conservative cleric as the new president, Iran will have a hard time overturning US sanctions and increasing oil exports,” said Eugen Weinberg, raw materials expert at Commerzbank .

Inflation Risks Before Revaluation?

Should the oil price actually rise further towards 100 dollars, this would inevitably lead to a reassessment of the inflation risks in the financial markets, since the oil price is one of the main drivers of consumer prices.

Just yesterday, Jerome Powell, head of the US Federal Reserve (Fed), told the House of Representatives budget committee again that the Fed was considering the current high inflation rates a temporary phenomenon considered. However, market expert Rethfeld emphasizes: “Any oil price above $ 100 would suggest to the public that Powell is wrong.”

Rising US prices Fed chief is dampening Inflation concerns

Status: 23.06.2021 9:39 a.m.

The head of the US Federal Reserve sees the reason for the current high inflation primarily in the recovery of the economy. The unexpectedly strong effects would soon fade, Powell said.

By Torsten Teichmann, ARD studio Washington

The demand in many industries is greater than the supply, meanwhile the prices for raw materials in the USA are rising, employers are having difficulties filling positions: All these effects of the economic upswing at the end of the corona pandemic are stronger than assumed, the head of the Federal Reserve (Fed), Jerome Powell, granted. Nevertheless, there will be no inflation, as in the 1970s, Powell said at a hearing in the US House of Representatives. “These factors will fade over time and we will get back to where we want to go. We are watching this carefully,” he said.

Interest rate hikes planned for 2023

The goal is an inflation rate of just over two percent. In May there was inflation at five percent . The Fed announced last week by the end of 2023, the key interest rate is expected to be increased in two steps to want. But in the short term it remains in the range between 0 and 0.25 percent. Powell had to defend his monetary policy at the hearing in the House of Representatives. Republican MP Steve Scalise accused a visibly annoyed Fed chief that the cheap money policy was harmful to hard-working families.

Steve Scalise criticized Fed policies as harmful to families. Image: REUTERS

Powell replied that lower income groups in particular have not yet benefited from the upswing in the United States. “Real incomes at the lower end of the spectrum are stagnating compared to those at the top,” he said. “Mobility across all income groups has decreased in the US and is now behind that in most other industrialized countries.”

Fed expects economic growth of 6.5 percent

These differences would hold back the US economy and the country as a whole. And that although the Fed is currently assuming that the US economy will grow by 6.5 percent this year with the help of the government’s trillion-dollar stimulus packages

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Investment opportunities What to do with the savings in inflation?

Status: 22.06.2021 12:28 p.m.

Even in times of rising prices and zero interest rates, many Germans have their money in savings books or call money accounts. But if you want to protect your savings from inflation, you need alternatives.

From Lothar Gries, tagesschau.de

Consumer prices in Germany rose by 2.5 percent in May – more than they have been for almost ten years. At the same time, there is practically no more interest on overnight and fixed-term deposits, the most popular form of investment among Germans. Cash is also in great demand. The value of the notes issued by the Bundesbank rose by 9.5 percent last year. A similarly high growth rate was last seen in 2014. At the end of May 2021, banknotes issued by the Bundesbank to the value of 839 billion euros were in circulation, 52 billion or 6.6 percent more than a year earlier. But if you want your money to grow, you have to consider other investments than hoarding cash or putting it on savings accounts. There is no shortage of alternative investment opportunities. The long lucrative federal bonds are no longer one of them. The yields on these securities have fallen below zero since August 2019. Investors who lend money to the German state have to pay for it – a turning point, as they still got a return of five percent at the beginning of the millennium. “Today federal bonds have no place in assets that are designed to maintain or increase in value,” explains Ulrich Kater, chief economist at Deka-Bank, which is part of the savings bank group.

No prospect of rising interest rates

Investors should also not give in to the hope that consumer prices, which have recently risen again, will lead to higher interest rates. Inflation is likely to accelerate further until the end of the year, but the European Central Bank (ECB) has repeatedly emphasized that it will adhere to the zero interest rate policy. The priority is to stimulate the economy again after the corona crisis, said ECB boss Christine Lagarde. In addition, the current rise in inflation is only temporary.

Investments that are considered to be risk-free, such as savings books and fixed-term deposit accounts, no longer offer any prospect of positive returns for the time being. In order for the saved to experience growth, stocks in particular offer themselves as a way out. Fund savings plans, for example, are a good way to get started. Investors pay regular amounts, in many cases from 25 euros upwards, into an investment fund in which various securities are bundled and which is managed by professionals. Alternatively, of course, investors also have the option of taking their money into their own hands and buying shares in individual companies on their own. In the past few years, you couldn’t go wrong when buying technology stocks.

Alternative ETF?

If you don’t dare to do this, but still want to invest in stocks, you can invest your money in a so-called Exchange Traded Fund (ETF). These funds replicate a stock market index (often with so-called derivatives). This can be the German share index (DAX) or other indices such as the US leading index Dow Jones. The performance of an ETF is closely linked to the respective index. As a result, the fees are usually lower than with other funds. Investing in the stock market is of course not without risk: If the index behind an ETF falls because the stocks in it fall, the fund also loses value.

Nevertheless, ETFs are enjoying growing popularity. According to industry experts, there are almost 7,000 of these funds. This is also due to the low interest rate phase. It ensures that more people invest their money in funds than before. Many have done well with this strategy and have achieved better returns than they would have achieved on a call money account. For example, an ETF on the DAX alone has generated a return of 55 percent in the last five years – provided that you kept your nerve at the beginning of the pandemic and did not sell when the markets collapsed by a third in spring 2020.

Gold and open real estate funds

A popular investment, especially in times of crisis, is gold. The corona pandemic has confirmed this again. By early August 2020, the price of a troy ounce (31.1 grams) had risen to an all-time high of $ 2,063, around a third more than at the beginning of the year. But then things went downhill again, to $ 1,684 in March. It is currently $ 1,775. In fact, gold is extremely volatile because the price is mainly driven by demand, because it has no “intrinsic value” like companies do. The precious metal is therefore not considered a reliable investment. There is also the often unsafe storage of bars or coins.

Those who shy away from the capital market and don’t believe in precious metals can also invest their money in real estate funds. They collect capital from investors and invest it in offices, shopping centers, residential buildings or logistics centers. The so-called open real estate funds are particularly popular with private investors. The income from such a fund, i.e. the rental income after deducting costs, is distributed to the owners as profit. With well-managed funds, an annual return of four to five percent can be achieved, a little more than the inflation rate.

Sometimes there is a risk of total loss

But the system has a catch. A minimum holding period of 24 months applies to open-ended real estate funds. An investor must also announce the return of his money to the fund company. Then he will get his system back after twelve months at the earliest. So if you have to get your money at short notice at any time, you should refrain from such investments.

The examples show that there is no shortage of alternatives to the savings book or a federal bond. But if you want to increase your money, you also have to be prepared to take risks. In some cases, for example when purchasing shares, there is even a risk of total loss, as the example of Wirecard recently showed. A look abroad – especially the USA, where far more people own shares than in Germany – shows that long-term wealth can only be built up with investments in the capital market

Car market Used car prices are rising rapidly

Status: 22.06.2021 2:17 p.m.

Because of the often long delivery times for new cars, the market for used cars is booming – also on the Internet. But consumers should pay attention to a few things, especially when buying online.

From Till Bücker, tagesschau.de

Buy or sell a used car from the comfort of your own home with one click: The online market for used cars is becoming increasingly popular. So it is not surprising that the Berlin trading platform Auto1 has risen to the MDAX. The company, which was founded in 2012, was only launched in early February dared to go public – with success. Because with 1.8 billion euros it was the largest IPO in Germany after almost one and a half years. The Auto1 Group claims to be Europe’s largest digital automotive platform with more than 450,000 cars sold last year. The company buys vehicles from private customers via wirkaufendeinauto.de as well as from dealers. These are then primarily passed on to other car dealers via auto1.com. But consumers have also been able to purchase new used vehicles through the Autohero brand since 2017. The private business is to be massively expanded with the fresh money from investors.

Semiconductor shortages delay deliveries

That could be worth it. Because according to calculations by the Metzler bank, the European market for used cars reaches around 600 billion euros. 2020 was due to long delivery times and falling demand for new cars during the Corona crisis a real boom . In July alone, according to figures from the Federal Motor Transport Authority, there were almost 750,000 car ownership transfers – more than ever before in a month and almost 100,000 more than in July 2019. This year, too, the transfers are well above the previous year’s figures.

The high demand is also reflected in the price development: During the prices for used e-cars have recently plummeted , the asking prices for used cars reached a new record high in May with an average of around 22,600 euros per vehicle. The buyers paid almost 200 euros more than in April and even around 2200 euros more than in May 2020, according to data from the online portal AutoScout24. Experts expect an increase as the semiconductor shortage is delaying the delivery of new cars worldwide and the supply of used cars is falling.

Platform growth opportunities

So far, however, only one percent of used cars have been sold online. “The used car market in Europe is still one of the last markets that go almost exclusively through brick-and-mortar retail,” said Tom Diedrich from the Metzler bank Deutschlandfunk . Therefore, there are still great growth opportunities for online platforms.

A first trend seems to be emerging. “We are seeing a real boom,” said Stefan Schneck, sales manager for the German market at AutoScout24. For example, the number of contacts made by potentially interested parties shot up by 40 percent at times in May. According to a current AutoScout24 survey of more than 1000 users, car fans see a good alternative to buying completely online: almost one in two (47 percent) would “definitely” or “maybe” order their car from the sofa. A year ago, only 35 percent of those surveyed were ready to do this.

Extreme bargains should make you suspicious

Buying a used car on the Internet has the advantage that interested parties can quickly and easily fall back on a huge range. A contract can be concluded at the push of a button, and the car is delivered to your doorstep. But regardless of whether it is on digital platforms such as Auto1 or via an exchange such as AutoScout24 or mobile.de, on which dealers or private individuals sell their vehicles directly: Consumers should pay attention to a few things when buying a used car.

First the price. For used cars, this depends on the model, year of construction, equipment, kilometers driven, wear and tear, extras and preferences. But how can a fair offer be recognized? “If you watch the market for your desired vehicle for a week or two, you get a very good feeling for a reasonable price,” explains Silvia Schattenkirchner, Head of Consumer Law at ADAC. Some exchanges such as mobile.de are now also giving ratings for offers from private individuals. Consumers should generally be cautious about extreme bargains. In addition, there is possible manipulation of the mileage. According to ADAC estimates, the so-called odometer has changed in every third used car. Verification is not easy. “It is best to have the mileage guaranteed,” advises Schattenkirchner. Otherwise, consumers could have repair invoices or TÜV certificates shown. Even comparing the kilometers driven with the year of construction is already informative in some cases.

Test drives essential

The expert considers test drives to be particularly important. “Buying a pig in a poke without a test drive, especially when it comes to used cars, is a big risk.” Only then should a contract be concluded. Schattenkirchner also advises against high down payments or other advance payments as well as purchases from abroad. In addition, consumers should be aware that contracts concluded online are also binding – for example by email. There are numerous scams on the Internet. The most common problems are listed on the website of the initiative “Safe car purchase on the Internet” from ADAC and the police crime prevention.

It is also not always easy for sellers of used cars. Platforms often promise higher prices than are ultimately paid. In order to find out how much one’s own car is still worth, the lawyer Schattenkirchner has two tips ready: “On the one hand, sellers can search for their own car and comparable offers. The other option are ADAC test centers.” Most of the time, only the initiation of business deals takes place on the Internet. “With mobile.de or AutoScout24 it is usually still the case that both parties are mediated,” said Schattenkirchner. The contract will still be concluded outside of the Internet. It remains to be seen whether the newcomer Auto1 will bring about long-term change

Analysis of the WWF Is grilled meat too cheap?

Status: 06/18/2021 2:22 p.m.

At the beginning of the barbecue season, supermarkets attract with low meat prices. A study the environmental organization WWF shows that meat substitutes are much more expensive. That has consequences for the environment. In order to benefit from the current barbecue season, supermarkets lure customers with savings and discount offers on barbecue products. An analysis by the environmental protection organization WWF now shows that the majority of grilled meat in German supermarkets is much cheaper than meat substitute products. Between the end of April and the end of May, the WWF examined 922 grilled meat offers in the advertising brochures of eight German supermarket chains. On average, 85 percent of the discounted grilled meat was cheaper than vegetable alternatives. In addition, grilled meat products are advertised almost 30 times more often than meat substitute products. In addition, according to the analysis, very few products come from higher forms of husbandry. Only two percent of the discount products were of organic quality; for many, the origin was not even shown.

“Amazon is being sold off”

Tanja Dräger de Teran is a nutritionist at WWF. She criticizes the fact that the masses of cheap meat are at the expense of the environment. In order for meat to be sold so cheaply, cattle must be kept en masse and animal feed such as soy must be imported from South America. That heats up the climate and destroys valuable habitats: “The Amazon is sold off with cheap meat.” Around 96 percent of the soya-growing area would be needed for animal feed and only four percent for plant-based foods.

A study by the Federal Environment Agency (UBA) from 2020 also shows the significantly better ecological balance of plant products. Compared to beef, the production of vegetable substitute products would in some cases produce less than a tenth of the greenhouse gases. The water and land consumption is also many times lower, since plants such as wheat and soy are not only used as animal feed, but rather land directly on the plate, so to speak.

Reduce factory farming

UBA President Dirk Messner called for meat consumption to be halved in the newspapers of the Funke Mediengruppe a few weeks ago: “We have to reduce factory farming so that excessive nitrogen inputs are reduced and soils, water, biodiversity and human health are less polluted.” The World Health Organization (WHO) also warns against consuming too much meat.

Because in addition to the environmental aspects, according to experts, there are also health reasons for reducing meat consumption. For a healthy and sustainable diet, experts recommend not eating meat every day. An adult should not eat more than 300 to 600 grams of meat and sausage per week. That is significantly less than is generally consumed in this country.

Still too much meat consumption

Although meat consumption in Germany tends to decline slowly, in 2020 it was still a little more than 57 kilos per person. In 2000, the annual consumption was over 61 kilos. However, according to the WWF, this is roughly double the consumption in the 1950s.

Messner had already stated in 2020: “As long as the price of the food does not also reflect the environmental damage, the cheap neck steak will be preferred to a soy schnitzel for a long time to come.”

High development costs for meat substitutes

There are reasons for the price differences: Antje Risius is researching sustainable eating styles at the University of Göttingen. She explains the striking price differences by the fact that meat is an established product on the market, while substitute products are still “newcomers”. “The meat market has an unbelievable competitive advantage because the structures are already established there. Production can take place at a completely different level, efficiently and structurally at very reasonable prices.”

Because they are mostly still in the development phase, replacement products would still have relatively high investment costs. In addition, they are often very heavily processed – and the many intermediate processing steps are also expensive, says Risius.

Cheap meat and the social question

The WWF warns that the price imbalance between meat and meat substitute products is causing many people to resort to meat for reasons of cost. Dräger de Teran demands that sustainable nutrition should not remain a social issue. “We have to get to the point where the simple choice is the good, healthy and sustainable choice. And we are still a long way from that.”

Almut Jering from the UBA has observed, however, that a growing range of meat and milk substitute products in supermarkets is attracting more and more people’s interest, despite the often higher prices. Recently, the number of people who followed a vegetarian or vegan diet has increased significantly. “I think there is some social progress going on.”

Meanwhile, the WWF sees politics and business as having a greater responsibility. The organization is demanding a steering tax based on sustainability criteria on food of animal origin from the next federal government, which is less of a burden on products from organic agriculture. Retailers need a change in pricing policy: For example, discounts should no longer be given on meat and sausage products, except shortly before the use-by date

For Jilin people to provide for the elderly, the best choice cities may be Baishan City, Hunchun City, and Jilin City. Baishan City. This should be the most suitable place for the elderly in Jilin Province. The environment, a key element of elderly care consideration, is perfectly presented here. Because of the abundant forest resources here, the entire city is unable to carry out large-scale industrial construction. Although this makes the economic development here relatively backward, on the other hand, it also allows the place to retain a very superior natural environment. To some extent, the development of industry requires sacrificing certain environmental quality. And this is what Baishan has other conditions for old-age care, such as low cost of living, low pressure on life, and slow pace of life. Not only the scenery is good, but the people of Baishan are also very nice. The main reason is that most of the old people here worked in state-owned enterprises before, and now retired, they belong to very qualified people. Living with a group of interesting people, life is bound to be colorful. And when you get to know Baishan in depth, you will find that there are actually too many mysteries that you have never understood, which may bring infinite surprises to your life. Hunchun. How happy is it to live in Hunchun? It is close to many East Asian countries. It is very convenient to travel across borders and appreciate the scenery of foreign countries. It is very easy here. Compared with other cities in Jilin, Hunchun’s natural scenery and humanistic scenery have obvious characteristics. The sea and green mountains are right in front of you, and the climate is very comfortable. Especially in summer, it can not only escape the heat but also raise people. In addition, it is also a place with a long history. The monuments, tombs and many other ancient buildings found here are provincial-level protected cultural relics. For the elderly who like antiquities, these places are very worth visiting. If you are tired of looking at the antiquities, you can also visit Fangchuan Scenic Area and Tumen River National Forest Park to enjoy the natural scenery. Jilin City. This city, in my opinion, exists in general. Among the four sides, green hills occupies three sides, and the only side is a huge lake. The beauty of the scenery can be seen. Moreover, this is the second largest city in Jilin, and the level of urban development is relatively high in Jilin Province. Developed transportation makes it very convenient to go everywhere. In addition, Jilin is also a city with very rich resources, including land resources, water resources, and mineral forest resources. Jilin in summer is a summer resort, and Jilin in winter is a world of ice and snow, each with its own beauty. The beauty of the Northeast, many people may just pass by, come to play at the most beautiful time. Especially in summer, the average temperature in these cities is more than 20 degrees Celsius, and even air conditioning is not needed, which is really enviable by southerners. But for people living in Jilin, they should choose a city where they can become very comfortable at any time. These cities all have good environmental quality and low cost of living. Which one of the above is the best for you?

Affected by factors such as the Fed’s ultra-low interest rates and high government subsidies for the new crown epidemic, US housing prices have risen sharply recently. In 183 metropolitan areas in the United States, ninety-nine percent of housing prices are rising, representing a double-digit increase of nearly ninety percent.

At the same time, housing prices in countries around the world are also soaring, and housing prices in major countries in Europe, Asia-Pacific, and North America are all rising at an accelerated rate.

Image source: Photograph

U.S. housing prices have soared, with double-digit increases in nearly 90% of the regions

According to Xinhua News Agency, housing prices in the United States have risen sharply recently, and housing prices in some areas have repeatedly hit new highs. Analysts believe that the main reason for the current round of housing price increases in the United States is that demand exceeds supply. The negative effects of falling housing affordability and increasing polarization between the rich and the poor are gradually emerging.

According to the latest statistics from the National Association of Realtors, April The median price of existing home sales in the United States rose 19.1% year-on-year.Among the 183 metropolitan areas monitored by it, 99% of the regional housing prices rose in the first quarter of this year, and 89% of the regional housing prices rose by double-digits. .

In addition, the S&P/Cass Schiller House Price Index, an important indicator of the price level of the US real estate market, rose 13.2% year-on-year in March, further accelerating from 12% in February, marking the largest increase since December 2005.

According to Hexunnews,The past year was the hottest year for residential sales in the United States in the past 14 years.58% of the houses were sold within two weeks of listing, and 45% of the houses were sold at a price higher than the listing price, both breaking records.

In April this year, the median sales price of existing homes in the United States increased 16.2% year-on-year to 319,200 US dollars, or 2.03 million yuan, the highest since 1989; the median sales price of second-hand houses increased 19.1% year-on-year to 341,600 U.S. dollars, about 2.18 million yuan, its annual increase and median price both hit record highs.

In the past year, housing prices in all 50 states and the District of Columbia have risen. The top 5 states with the highest annual value added are: Idaho 23.7%; Utah 19.2%; Arizona 17.4%; New Hampshire 16.2%; Connecticut 15.9%.

High subsidies “ignite” the enthusiasm for buying houses, and negative effects have emerged

Economists generally believe that the Fed’s ultra-low interest rates, high government subsidies for the new crown epidemic, maintenance of social distancing and other epidemic prevention and control measures, as well as the increase in housing purchase age groups, have increased the demand for home purchases. At the same time, housing inventory has fallen and new homes have been under construction. The resulting supply gap is the main driver of the recent surge in US housing prices.

According to Xinhua News Agency, since last year, the Fed’s ultra-loose monetary policy has brought a lot of liquidity, and US mortgage interest rates have been kept at a low level. Yang Xiaojing, an associate professor in the Department of Marketing at the University of South Carolina in the United States, believes that low interest rates have increased the number of consumers who can afford the cost of buying a house loan. At the same time, consumers can afford houses with a higher total price, thereby boosting house prices.

The US government’s high subsidies further “ignite” people’s enthusiasm for buying houses . After the outbreak of the new crown epidemic, the US government introduced a series of large-scale economic relief measures. Among them, the issuance of unemployment benefits and family relief payments has significantly increased the personal income of US residents and boosted family spending including house purchases.

In addition, since the outbreak, anti-epidemic measures such as maintaining social distancing have led to an increase in demand for real estate in areas with low population densities. At the same time, the widespread use of home telecommuting has increased people’s demand for improved housing conditions, which has led to an increase in the demand for housing purchases.

The negative impact of rising housing prices in the United States is gradually showing. The National Association of Realtors in the United States said that with the rising housing costs, many families have intensified the pressure to buy houses, especially first-time home buyers. There are data showing, About 60% of households in the U.S. have been unable to pay for a new house that is at the current median price .

Yang Xiaojing believes that rising housing prices in the United States have further aggravated the polarization between the rich and the poor. Low-income people are increasingly unable to afford the increasingly expensive housing prices. At the same time, housing rents are also “rising,” increasing their daily expenses. In the short term, more people will rely on government subsidies. On the other hand, high-income people can enjoy the dividends brought by more real estate appreciation.

According to financial news from Phoenix.com, Nobel laureate in economics, Robert Shiller (Robert Shiller) is worried that the hotly-traded property market, stock market and “currency circle” in the US market are forming bubbles. Schiller believes that investors have a “Wild West” mentality in these areas.

Schiller pointed out that “the real estate market has a great upward momentum, and prices may not fall within a year.” He believes that the current real estate market environment is similar to 2003, which is 5 years before the real estate market crashed in 2008.

Regarding the future trend of U.S. housing prices, Bank of America stated in a research report that the supply and demand of the U.S. housing market is seriously imbalanced, and the gradual normalization will be a long process. It is expected that high housing prices will continue for a period of time.

Economists believe that how the Fed’s monetary policy will evolve in the future will become an important variable affecting the trend of the US real estate market.

Global housing prices continue to accelerate, with housing prices rising in nearly 90% of countries

It is not only the United States that has seen soaring housing prices.

According to a report from Chinanews.com, Asia’s largest real estate technology company Juwai IQI Group released the “Global House Price Report for the First Quarter of 2021” on the 2nd, showing that the global housing market boomed in the first quarter, with prices soaring in Europe, the United States, Canada, and some countries and regions in the Asia-Pacific region. .

This report shows that in the first quarter of this year, housing prices in many countries in Europe, Asia-Pacific, and North America have been accelerating and have reached an “astounding level”, and this “level of prosperity is completely unprecedented.” The report believes that low interest rates and monetary easing are the main reasons for the rise in global housing prices.

The report shows that among the 57 housing markets for which housing statistics have been published globally, the actual housing prices (that is, prices adjusted for inflation) have risen in 43 markets. From the perspective of nominal housing prices, Of 57 countries, 50 countries have seen nominal housing prices rise, and only 7 countries have seen housing prices fall, accounting for nearly 90% .

Among European countries, Montenegro, Slovakia, Turkey, Sweden and Germany all experienced strong house price increases.

According to the China Youth Daily, ING Groep analyzed that the Netherlands is facing a shortage of housing supply. Last year, Dutch house prices rose by 7.8%, and in 2019 they rose by 6.9%. House prices in Austria, Germany and France have also maintained steady growth.

House prices in various countries are rising, and the houses here are not only “1 yuan purchase” but also free decoration

However, when global housing prices are skyrocketing, some places tell the story of “buying a house for 1 yuan”.

According to a CCTV financial report, in Croatia, due to the impact of urbanization, the population of some small villages and towns continues to decrease. In order to attract new residents, some places have launched houses priced at only 1 Kuna (about 1 yuan) , These ultra-low-priced houses have attracted the attention of global buyers.

The conditions set by the local government for buyers are: they must be younger than 40 years old, have a stable income, and buyers must promise to live in the town for at least 15 years in the future. For eligible buyers, the town government can provide a subsidy of 25,000 kuna (approximately RMB 25,000) for the renovation of each house. Up to now, 17 of the first batch of 19 properties launched by the town government have been sold.

A local government official said: “We have received a lot of inquiries from all over the world, but we mainly focus on potential buyers around us. This measure has achieved remarkable results.”

These ultra-low-cost houses are old houses that have been vacant for many years or unfinished houses. Some houses do not even have doors and windows.

The analysis believes that in recent years, the process of urbanization has led to a steady decline in population and economic shrinkage in some remote or poor areas of Europe. In order to avoid becoming completely empty, many small towns use “low-priced housing” as their selling point to attract foreign populations to join. Apart from Croatia, it is not uncommon to sell houses for one euro in countries such as France and Italy.

Edit| Duan Lian Du Bo

Proofreading| He Xiaotao

Cover image source: Photograph.com

Daily Economic News Comprehensive Xinhua News Agency, Hexun.com, Phoenix Finance, China News Network, CCTV Finance, China Youth Daily,Public information, etc.

Green vegetables are on sale, some vegetables are on the rise In the Mekong Delta, the price of vegetables and fruits also continued to maintain a slight downward trend, with bok choy at 15,000 VND, down by 000 VND/kg, lettuce at 12,000 VND, down by 1,000 VND/kg, green onions at 18,000 VND/kg, down by 3,000 VND/kg. 10,000 VND/kg, a slight decrease of 1,000 VND/kg. Particularly for some vegetables, the price increased, white cabbage at 15,000 VND/kg increased by 2000 VND/kg, eggplant 24,000 VND/kg increased by 2,000 VND/kg, okra 20,000 VND/kg increased by 2000 VND/kg, bitter melon at 20,000 VND/kg. VND/kg up 2,000 VND/kg… Fruit prices continued to stay low, grade 1 green-skinned pomelos cost 20,000 VND/kg, grade 2 cost 15,000 VND/kg, jackfruit 8,000/kg reduced 1,000 VND/kg, lemon price 5,000 VND/kg decreased slightly by 1,000 VND/kg. kg compared to yesterday. Seafood prices continued to remain stable. Farmed snakehead fish is 48,000 VND/kg, white fish is 38,000 VND/kg, white fish is 34,000 VND/kg, giant freshwater prawn is 240,000 VND/kg increase, tilapia is 32,000 VND/kg, red tilapia is 43,000 VND/kg , grade 1 eel costs 240,000 dong/kg, grade 2 eel costs 180,000 dong/kg, farmed frog costs 55,000 dong/kg… Price of live hog fluctuates from 68,000 to 70,000 dong/kg, down 2,000 dong/kg, live duck 54,000 dong /kg, live chicken (industrial chicken) 55,000 – 60,000 VND/kg….

Lemon prices fell sharply due to limited exports, mainly domestic consumption and a sharp increase in supply In the Mekong Delta, the price of vegetables and fruits also continued to maintain a slight price momentum, with bok choy 10,000 VND down 2,000 VND/kg, lettuce 11,000 VND down slightly 1000 VND/kg, scallions 20,000 VND/kg, white radish 12,000 VND/kg, spinach 10,000 VND/kg, cucumber tubers 15,000 VND/kg, a slight decrease of 1000 VND/kg, chickpeas 12,000 VND/kg, cowpeas 12,000 VND/kg… Fruit continues to keep prices low. Specifically, grade 1 green-skinned pomelo costs VND 22,000/kg, grade 2 costs VND 18,000/kg, jackfruit 8000/kg, old bananas VND 6,500/kg, bitter gourd 60,000 – 70,000 VND/kg, longan 60,000 VND/kg… Particularly, the price of lemon continued to fall sharply, in many localities in the Mekong Delta, the price of lemons decreased by more than 50% compared to about 2 months ago and is at the lowest level in many years. Currently, the price of seedless lemons and limes is sold by farmers in Can Tho city and neighboring provinces such as Hau Giang, Vinh Long, etc. to traders and collectors at only 4,000-5,000 VND/kg; and paper lemons cost about 6,000-7,000 VND/kg. Seafood prices continued to remain stable. Farmed snakehead fish is 48,000 VND/kg, white fish is 38,000 VND/kg, white fish is 34,000 VND/kg, giant freshwater prawn is 240,000 VND/kg increase, tilapia is 32,000 VND/kg, red tilapia is 43,000 VND/kg , grade 1 eels cost 240,000 dong/kg, grade 2 eels cost 180,000 dong/kg, farmed frogs cost 55,000 dong/kg… The price of live pigs remained stable at 68,000-70,000 dong/kg, but the price of meat at retail markets decreased. tends to decrease due to slow purchasing power. Specifically, pork leg 110,000 – 12,000 VND/kg reduced 10,000 VND/kg, bacon 125,000 VND/kg reduced 5000 VND/kg, lean pork 140.00 VND/kg decreased 10,000 VND/kg. Price of live duck is 54,000 VND/kg, live chicken (industrial chicken) 55,000 – 60,000 VND/kg….

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.

Tchibo increases prices Drinking coffee is getting more expensive

Status: 14.06.2021 10:42 a.m.

The rising prices for green coffee are now also being felt by consumers: for the first time in four years, market leader Tchibo is asking more for its filter coffee. Other dealers could follow suit. In the past weeks and months, some foods have become more expensive, especially vegetables and fruits. Now German consumers also have to dig deeper into their pockets for their favorite drink. From this week onwards, coffee will be more expensive. Tchibo is increasing prices by between 50 and 100 cents per pound – depending on the variety and country of origin. The 500 gram “Feine Milde” pack will cost 5.69 euros in future – instead of the previous 4.99 euros.

A poor harvest is threatened in Brazil

Tchibo justifies the first price increase since 2017 with the rise in green coffee prices. The poor harvest forecast of the world’s largest coffee producer, Brazil, has recently pushed up purchase prices. Tchibo’s move should have a signal effect for the entire industry. Because the market leader usually gives the direction. The group can set the prices in its branches itself. Other roasters and dealers could follow Tchibo’s example.

05/28/2021

Discounters are still waiting

According to Armin Valet from the Hamburg consumer center, the supermarkets will soon follow suit. The consumer advocate predicts that coffee capsules are also likely to become more expensive soon. So far, the discounters Aldi and Lidl have been keeping a low profile. You have not yet commented on price changes. Aldi Süd and Aldi Nord have their own coffee roasters and can determine the prices of their own brands themselves.

Tchibo competitors are likely to follow suit soon

The big coffee roasters are still waiting. Melitta and Dallmayr do not want to comment on possible price adjustments. A spokeswoman for Dallmayr only confirms that the company has been massively affected by the very significant current cost increase. The Jacobs Douwe Egberts Group has announced that it has increased its factory prices due to increased purchasing costs. The Dutch group, which is controlled by the Reimann family, owns well-known brands such as Jacobs, Café HAG and Senseo. Its trading partners are, in particular, grocers who set the end consumer prices on their own responsibility.

analysis 06/09/2021

Green coffee has become almost twelve percent more expensive

The so-called ICO price index, which is made up of several types of coffee, rose by 1.4 percent in April, the sixth month in a row. According to calculations by the Federal Statistical Office, the import prices for green coffee in April were almost twelve percent above the level a year ago. The high-quality Arabica variety in particular has risen significantly in price. The prices have now climbed to their highest level in four years. In New York, Arabica coffee cost around 164 cents a pound at the beginning of June.

02.12.2019

Coffee capsule boom

Coffee is the most popular drink among Germans. The per capita consumption is 168 liters. It is true that significantly less coffee was drunk in cafes, bakeries and canteens during the corona pandemic. At home, however, German citizens consumed eleven percent more. The market for coffee capsules in particular has experienced an unexpected boom in recent years. Competition could soon intensify. With its coffee brand Costa, Coca-Cola wants to attack the market leader Nespresso. The Brause group relies on a partnership with Krüger: The German family company produces the aluminum capsules for Coca-Cola. The capsules are compatible with the Nespresso system.

Clarification from Brinkhaus Petrol is also becoming more expensive with the Union

Status: 11.06.2021 10:40 a.m.

When it comes to the issue of gasoline prices, the focus is on the Greens. The grand coalition decided to increase the price of CO2 a long time ago. Union faction leader Brinkhaus made this clear again, but demanded an appropriate transition period. In the dispute over rising gasoline prices, Union parliamentary group leader Ralph Brinkhaus has made it clear that gasoline would also become more expensive with the Union at the head of the future federal government. “Petrol is getting more expensive, now a little bit, in the second half of this decade it will be really more expensive,” said the CDU politician in Im ARD morning magazine . This was already decided in autumn 2019. “The fight against climate change will not be for free.”

Not the “if”, but the “when” is up for debate

It is important to create realistic and fair transition periods. Germans do not have to sell their cars immediately, but they do have to be prepared to switch to electric cars or low-consumption cars in the future. The social question is not that gasoline will become more expensive. “But the social question is: Do people have a transition period that is long enough to adapt,” said Brinkhaus. This applies not only to gasoline, but also to heating. The plan is to absorb the rising prices through subsidy programs.

Gasoline price hike long been a done deal

In the debate about higher fuel prices, government spokesman Steffen Seibert had recently made it clear that the prices for fuels such as gasoline and diesel would rise in the coming years anyway. The federal government has decided to scale the CO2 price up to 2025, which already has “effects on all fuel prices”, said Seibert last Friday. This applies equally to gasoline, diesel and heating oil. The background to the statements: The coalition of the Union and the SPD had introduced CO2 pricing in traffic and buildings as a central measure in the fight against climate change. Since the beginning of the year, the CO2 price has been 25 euros per ton. According to previous plans, it should rise to 55 euros by 2025. According to calculations, this would mean a surcharge of at least 15.5 cents for a liter of petrol and at least 17.4 cents for a liter of diesel.

Baerbock’s advance fueled debate

In line with the new climate goals of the federal government, the Greens are calling for the increase to be brought forward and for the CO2 price to be raised to 60 euros per ton as early as 2023. At the same time, they propose to give back 75 euros each from the state revenue from the CO2 price to the citizens in order to avoid social upheaval. Most recently, the Green Chancellor candidate Annalena Baerbock fueled the debate. According to her party’s draft program, she advocated a gasoline price increase of 16 cents and, after her announcement, received a lot of criticism, especially from the ranks of the SPD. CSU General Secretary Markus Blume also accused the Greens of proceeding ideologically in the climate debate. “For Annalena Baerbock, climate protection is above all a fight against drivers,” Blume told the media. Mobility shouldn’t be a luxury. Rural areas and commuters will not be allowed to bear the burden unilaterally.

A clear majority rejects gasoline price increases

Environmental groups have long accused the parties of “dishonest election campaigns at the expense of the climate and biodiversity” and argued that the German government itself initiated the price of CO2, which is already making fuel more expensive and will continue to make it more expensive. The opinion of the Germans is pretty clear: According to the latest GermanyTrend three quarters (75 percent) of Germans reject a gasoline price increase. 22 percent think such a measure is a step in the right direction. A switch from internal combustion engines to electric drives in cars is also rejected by 57 percent. 37 percent would support such a measure.

On May 24, Huawei issued the “Statement Regarding Huawei Not Building Cars” stating that the company spokesperson has repeatedly clarified the false rumors about Huawei building cars. Today, we reiterate that Huawei does not build cars. This long-term strategy was clear in 2018, and nothing has changed. Huawei also stated that it will not participate in investing in any car companies, and BAIC (600166), Changan (000625) and Guangzhou Automobile Group (601238) will only serve as strategic partners and use Huawei’s solutions to help them create future-oriented car. The cooperation with Jinconcelis is also to solve the current survival problem of Huawei authorized mobile phone retail stores. On the 24th, affected by the “Huawei does not build cars” statement, Huawei’s automotive concept stocks fell across the board. Changan Automobile and BAIC Blue Valley fell by the limit. Xiaokang shares (601127.SH) plummeted by more than six points, and Guangzhou Automobile Group fell by as much as six points. 4.32%. Huawei denies building cars again In the “Statement on Huawei Not Building Cars,” Huawei said: We believe that what the industry needs is not Huawei brand cars, but Huawei’s accumulated ICT technology capabilities over 30 years to help automakers build future-oriented cars. , That is, to provide car companies with intelligent networked auto parts based on Huawei’s ICT capabilities. So far, we have not invested in any car companies. In the future, it will not invest in any auto companies, nor will it hold or participate in shares. In the future, all discussions that Huawei builds cars or participates in the auto manufacturing industry are rumours and don’t be credulous. We have chosen BAIC, Changan and Guangzhou Automobile as our strategic partners to support them in building their respective sub-brands. Cars that use Huawei’s autonomous driving solution can only use the HI logo with Huawei’s authorization, which represents Huawei Inside. Regarding the cooperation between Huawei and Jincon Sailus, a subsidiary of Chongqing Xiaokang Group, Huawei is a supplier of electric components for Celes SF5 and HiCar cockpit components. At the same time, in order to solve the problem of survival of Huawei authorized mobile phone retail stores in the situation where Huawei’s mobile phones are greatly reduced, Huawei is supporting some retail stores to sell this car, and retail stores can obtain corresponding benefits. It can be seen from Huawei’s statement that Huawei’s positioning of itself has not changed, and that it is a provider of automotive intelligent network components. Huawei will not directly enter the vehicle manufacturing industry, and rumors about “Huawei making cars” in the market are all false. Huawei said that it can help car companies build good cars. Of course, Huawei has the strength to fulfill its promises. Huawei has launched a comprehensive layout around the three core areas of “smart driving, smart cabin, and three-electricity”. On April 18, at the Huawei HI new product launch conference, Wang Jun, President of Huawei Smart Car Solutions BU, said that Huawei will release five new products, covering smart cockpits, computing platforms, radars, autonomous driving open platforms and thermal management systems. “From the perspective of business portfolio and technical solutions, Huawei’s full-stack self-developed almost all core businesses of smart cars, including hardware and software. Tesla’s advantage is the massive trip data of global users, Baidu’s advantage is algorithms, and Huawei’s However, the advantages of the company are all-round, and it can open up the upstream and downstream of the industrial chain. This kind of strength is not possessed by new car-building forces or cross-border car-building technology companies.” Industry insiders analyzed and said to reporters. “Catch up” with Huawei’s car companies Although Huawei has always stated that it will not build cars, rumors about Huawei building cars in the market have been uninterrupted. It was reported on March 9 that Huawei and GAC Group’s new energy vehicle company GAC Aian had begun to jointly develop the next generation of smart electric vehicles. Both parties invested in R&D teams of more than 100 people. After the news was released, on the same day, GAC Group’s AH shares soared collectively, with A shares rising 6.39% and H shares rising 4.26%. At the end of April, there was news that Huawei was negotiating with Xiaokang shares to acquire a controlling stake in Chongqing Jinkang New Energy Automobile, in order to produce smart cars with the Huawei brand. Subsequently, Shen Wei, the secretary of the board of Xiaokang shares, said that the cooperation with Huawei was only in business, and he clearly denied that Huawei will control or participate in Jinkang. And Huawei also said that “there is no such thing.” But even denying it will not affect the performance of Xiaokang shares in the capital market. The share price of Xiaokang shares has risen from around 23 yuan in early April to 66.54 yuan on May 18, which has soared nearly three times. Since the new energy vehicle Cyrus SF5 under Xiaokang shares entered the Huawei Mall on April 19, only one week, the order of Cyrus SF5 reached 6,000. In sharp contrast, the sales volume of SF5 in 2020 is only 732 units. SF5’s weekly sales volume is eight times that of last year’s full-year orders. On the eve of the Shanghai Auto Show on April 17, Huawei and BAIC New Energy Jihu released the first smart car jointly created-Alpha S, officially called the “global new benchmark for autonomous driving.” Since then, BAIC Blue Valley’s share price has risen from about 12 yuan in mid-April to a peak of more than 19 yuan. At the Shanghai Auto Show on April 20, Changan Automobile’s chairman Zhu Huarong revealed that he has teamed up with CATL and Huawei to create a smart electric networked vehicle platform (ie CHN). The plan for high-end smart electric vehicles is on track, and a new high-end brand name is about to come. Announced. On May 20, Changan Automobile issued an announcement to formally rename its holding subsidiary Changan Weilai New Energy Automobile Technology Co., Ltd. to Avita Technology Co., Ltd., and jointly create autonomous and controllable intelligent electric vehicles with Changan Automobile, Huawei and CATL The connected car platform (CHN) creates a rich series of smart car products. On May 21, the share price of Changan Automobile rose 8.46% to close at 25 yuan per share. In the past 40 trading days, the share price of Changan Automobile rose 76%. Although in this process, Huawei has not formally stated its position to build cars, news about Huawei’s participation in car building has been spread out one after another, which has continuously aroused the enthusiasm of the market. As long as car companies have a relationship with Huawei, the market will definitely buy it, and it will have the most direct manifestation in the stock price. And this time Huawei completely denies building a car, which can be regarded as breaking the market’s thinking about Huawei building a car. Huawei’s 2020 annual report shows that its growth has slowed sharply, with annual revenue of 891.4 billion yuan, a year-on-year increase of only 3.8%. In the previous three years, Huawei has achieved a year-on-year growth of about 19%. On April 28, Huawei announced its operating results for the first quarter of 2021. Due to the sales of Honor and the decline in mobile phone sales, operating income fell 16.9% year-on-year to 150.57 billion yuan. Huawei’s overall revenue is expected to face greater pressure in 2021. “The automotive business may be the focus of Huawei’s efforts in the next few years. Huawei needs to find new profit growth points. At the moment when smart cars are in the air, with Huawei’s technical strength, they choose to help automakers build good cars instead of their own. It is undoubtedly a safe and wise choice to build a car in person.” said the industry insider. Editor: Zhai Yanan Editor: Wang Dayong

Price capers of the Windeln.de share The dangerous game of gamblers

Status: 10.06.2021 6:24 p.m.

Small investors let shares of the baby outfitter Windeln.de shoot up first – then they crash. This risky game is powered by social media. Newcomers in particular make a lot of mistakes. From Angela Göpfert, tagesschau.de From the so-called penny stock to the investor’s favorite: The story of Windeln.de reads so seductively simple at first glance. Within a few days, the paper soared from around 70 cents to 6.92 euros – a staggering price increase of almost 900 percent. The share of the online baby outfitter was not driven by new, positive news about the development of the company, but by a host of gamblers who drum for the company in investor forums such as Reddit and on social media.

Report of loss in April

They drummed for a company that made a net loss of 13.7 million euros in 2020 and officially announced in April that it had suffered a loss of more than half of its share capital. In other words: Windeln.de obviously needs fresh money. The notification of loss was by no means voluntary. Rather, Windeln.de thus complied with an obligation imposed by the legislator: Companies must inform if losses have exceeded a critical limit and there is an urgent need for action.

“Flagpole” as a warning signal

The course of the Windeln.de share seems all the more absurd. Experts speak of such a steep, almost vertical rise in price “Flagpole”. Many stock market beginners are attracted and seduced by such price patterns. One would have loved to have this share, since it would have enabled one to multiply one’s capital in a very short time.

The so-called “Flagpole” is clearly visible in the Windeln.de chart. Image: tagesschau.de For technical analysts, i.e. stock market experts who analyze price developments and other market data, this is the “Flagpole” but one thing above all: symbol of an exaggeration phase on the stock markets – and thus a clear warning signal. The Federal Association of Consumer Organizations (VZBV) is also critical of the current price developments at Windeln.de, Nanogate, Clover Health, Gamestop and other stocks with particularly noticeable highs: “This has nothing to do with investing, it is pure speculation”, said Christian Ahlers, speaker in the financial market team tagesschau.de .

A “Fireworks” of investor errors

At Mojmir Hlinka from the Swiss asset manager AGFIF International, the alarm bells are ringing when stocks like Gamestop or Windeln.de are mentioned: “These are pure speculative objects, without any substance.” The Swiss expert makes a whole in this context “Fireworks” on the basis of typical investor errors, especially the neglect of the likelihood that certain events can occur. Experts speak of “neglect of probability”. “The tiny probability of making a profit on such stocks is massively overestimated by investors. In contrast, the great probability of a loss is clearly undervalued”, told Hlinka tagesschau.de .

When emotions are involved

Hlinka’s perspective on the markets is a special one, as he operates asset management on the basis of the so-called “Behavioral Finance”. This economic research direction is based on the findings of the psychologists Daniel Kahnemann and Amos Tversky. Accordingly, the investor does not act rationally, but is controlled by his emotions and typical behavioral patterns. As a result, he makes mistakes that reduce his profits. Such a typical mistake has a lot to do with paying attention to certain papers. “These stocks are widely reported in the media, especially on social media”, emphasizes AGFIF expert Hlinka. “This means that more information is available to them more easily. That automatically makes them more interesting for investors.”

Social media fuel herd instinct

Another problem for the normal investor is the herd instinct: Many people like to do what the masses do. “This phenomenon can be observed in any stock market hype. People feel safer in the herd”, emphasizes Hlinka. “Investors’ herd instinct is currently controlled primarily via social media. Quasi real sects are forming in the investor forums.” Consumer advice center expert Ahlers is similarly critical and warns: “Tip givers and sellers can also be found in social networks, who may do more than exchange investor experiences and may also advertise dubious investments.”

Financial regulators advise caution

The German financial supervisory authority BaFin has now recognized this: “BaFin advises all investors to check the information provided on social media very carefully with the help of other sources”According to the agency’s website. “Chat groups in social networks are often only used to entice investors to buy certain stocks so that the senders can benefit from the rising prices of these stocks.” As new as the influence of social media on share prices may be, the mechanisms behind the current excitement about papers like Windeln.de have been well known for centuries. The first big hot topic in financial history was tulip bulbs. Numerous other bubbles followed – from railways, the South Seas, the Internet industry to US real estate, to name a few. “Each of these bubbles has burst so far”, says Hlinka. “History has proven that. At some point this hype will also burst.”

Massive price drops

Perhaps the bursting of the bubble has already begun with a look at some of the shares: Today the Windeln.de share rushes down by up to 35 percent. Clover Health stocks fell 24 percent on the Nasdaq yesterday. When exactly a bubble will burst is difficult or even impossible to predict, even for experts. But the stock exchange world has also found a technical term for this: the “Greater Fool Hypothesis”, according to which prices will continue to rise as long as there is one in the market “even bigger fools” there who pays even more.

Prices rise by five percent Highest US inflation since 2008

Status: 10.06.2021 5:44 p.m.

In the USA, consumer prices have risen as sharply as they did almost 13 years ago – which is felt above all by car buyers. The European Central Bank also expects higher inflation in the euro countries. Is it just a short-term phenomenon or is inflation now making its big comeback? In the USA there is a growing fear of ever higher prices. Some are already pulling Parallels to the 1970s when President Jimmy Carter failed to get a grip on high inflation and job misery. Although the USA is still a long way from the double-digit inflation rates of that time, the price jumps are getting bigger from month to month. After inflation had risen above four percent in April, it has now climbed to 5.0 percent in May. That is the highest rate since August 2008. Experts had only expected an increase in the cost of living of 4.7 percent. “The dreaded five has become a reality,” said market observer Thomas Altmann from investment management company QC Partners.

Federal Reserve under pressure

The strong growth impressively proves that the price surge in April was not a slip-up, said LBBW analyst Dirk Chlench. “The US Federal Reserve is coming under increasing pressure to reconsider its view that the recent price hikes are only of a temporary nature.” As in April, the prices for used cars turned out to be the biggest inflation driver. They rose again strongly – and, according to the US Department of Labor, accounted for around a third of the monthly price increase.

Core inflation at its highest level since 1992

Particularly alarming is core inflation, which excludes volatile components such as energy and food. It climbed 3.8 percent in May. The last time there was such a sharp increase was in 1992. In April, the core inflation rate was 3.0 percent. The end of the corona lockdowns and the trillion dollar cash injections by the US government have been driving inflation in the US for months. Prominent economists like Larry Summers, Olivier Blanchard and Mohamed El-Erian warn against underestimating the danger. According to Blanchard, the high government spending under US President Joe Biden could overheat the economy.

Just a passing trend?

Most economists are still looking at the trend with serenity, however. In their opinion, the development is mainly based on temporary factors. The US service sector is back in normal mode in many places. Prices for air travel and hotel accommodation are picking up again and are well above the previous year’s level, says chief economist Thomas Gitzel from VP Bank. “So there are so-called base effects at work once more.” At the same time, the shortage of semiconductors is now at least indirectly affecting consumer prices. If there are no new cars due to a lack of semiconductors, customers switched to used cars. These would have become significantly more expensive. Gitzel predicts that the price level will slowly drop from a high level in the summer months. The US Federal Reserve (Fed) claims that inflation will only pick up temporarily. Because compared to the previous year, the economic downturn in the Corona year 2020 resulted in high rates of price increase. That is why the central bank has not yet seen itself under pressure.

Little movement on Wall Street

Wall Street barely reacted to the renewed surge in inflation. The Dow Jones rose by 0.6 percent, the S&P 500 even jumped to a record high. The US dollar gained against the euro. So investors do not anticipate a tightening of monetary policy in the US for the time being. In the eurozone, too, the money locks are still strongly open. The European Central Bank (ECB) is sticking to its trillion-dollar anti-corona crisis program (PEPP) and plans to expand bond purchases in the next quarter compared to the first three months of the year. In doing so, the central bank wants to avoid tightening the financing conditions for companies, states and private households.

ECB raises inflation forecast

The rising inflation hardly worries the euro watchdogs . The higher euro will dampen inflation, said ECB President Christine Lagarde. Nonetheless, the ECB raised its inflation forecast. According to the central bank, inflation should be 1.9 percent in 2021. In March, the ECB was still assuming an increase of 1.5 percent. For 2022, the monetary authorities expect an annual price increase of 1.5 percent and for the following year unchanged at 1.4 percent. According to the ECB, inflation that is too high can lead to a price spiral. Higher prices mean consumers get less goods for their money. So they demand higher wages in order to be able to maintain their standard of living. In turn, in order to pay the higher wages, companies continue to raise the prices of their products. On the other hand, permanently low prices are seen as a risk for the economy: companies and consumers could then postpone investments – in the hope that it will soon become even cheaper. In the medium term, the ECB is aiming for an annual inflation rate of just under two percent. In Germany, the inflation rate is already above this level. In May the Consumer prices compared to the same month last year by 2.5 percent , the highest value since September 2011.

Rising producer prices “Hidden inflation” as a warning sign

As of: 06/09/2021 1:32 p.m.

In China, producer prices have risen faster than they have been in 13 years. In Germany, too, inflationary pressure from producers is growing. When will consumers feel this? From Angela Göpfert, tagesschau.de In China, producer prices rose by 9.0 percent in May, the strongest they have been since 2008. Anyone who thinks what is happening in China does not affect the German consumer is wrong. As far away as China may feel for some German consumers: The fresh data from China are fueling the inflation debate in this country, as they reveal a problem that Germany and the euro zone are also facing.

“Hidden inflation” also in Germany

In April, producer prices in the Federal Republic of Germany soared by 5.2 percent compared to the same month last year. That was the highest increase since August 2011, when prices rose sharply after the financial and economic crisis. The producer prices are considered to be an important leading indicator for the development of consumer prices. They usually only meet with far less media interest, which is why they are sometimes referred to as “hidden inflation”.

Energy prices as a driver of inflation

So the crucial question is: Will producer price inflation also reach consumers? So far, not much of that has been felt. In April consumer prices in Germany climbed by 2.0 percent compared to the same month last year. Around half of this increase was due to the rise in energy prices. A look at the recent past of the German economy also shows that consumer prices have mostly only increased significantly at a much slower pace when producer prices have risen similarly. The producer price inflation was therefore only to a small extent reflected in rising consumer prices.

Consumers have saved a lot of money

But this time everything could be different. The reason is a special effect of the corona pandemic, which has never come to fruition in this pronounced form: the deferred demand. “The corona pandemic inhibited private demand for months and led to a kind of compulsory saving. The savings surplus now amounts to over 150 billion euros and is likely to rise to around 200 billion euros by the end of 2021,” said LBBW economist Jens-Oliver Niklasch across from tagesschau.de . This corresponds to a potential increase in consumer demand of up to 17 percent compared to the pre-Corona year 2019.

Companies can pass on more costs

“If we open everything now, then this strong additional demand will meet an offer that has become more expensive in terms of costs. The probability is correspondingly high that the companies will be able to pass on a larger part of the costs,” says Niklasch. Michael Holstein, chief economist at DZ Bank, is convinced that “the manufacturing companies will certainly try to pass on part of their cost increase to their customers.”

Savers are actually expropriated

Against this background, LBBW economist Niklasch initially expects inflation rates to continue to rise over the remainder of the year. In the second half of the year, the VAT effect should come into its own: “Then we will probably reach inflation figures of over three percent.” This has very real consequences for consumers and savers in Germany: With interest rates of zero percent and an inflation rate of over two or even three percent, the real interest rates, i.e. the nominal interest rates minus the inflation rate, are negative. Savers who invest their money in overnight money accounts or savings books are actually expropriated. This is fueling the flight into stocks and real estate, which in turn continues to inflate the price bubbles in these markets.

Wage-price spiral not yet in sight

After all: LBBW expert Niklasch sees the rising inflation rates as a temporary phenomenon, the ingredients for a permanent increase are not there. “For inflation rates to rise over the long term, wages would have to go along with them; a wage-price spiral like the one in the 1970s would be needed. But we are not seeing that in Germany at the moment.” From January 2022, the inflation rate should quickly drop below the two percent mark.

Stress on industry harms the economy

But even if the rising producer prices were not or only slightly reflected in rising consumer prices, that would not bode well. If producers cannot pass the rising prices on to consumers, that would indicate weak consumption dynamics. That seems to be the case in China at the moment, as Commerzbank foreign exchange expert Hao Zhou points out. “As a result, there is a risk that industrial profits will shrink rapidly, which will weigh on the general economic outlook.” So regardless of whether the producers pass the rising producer prices on to the consumers or not: they are always a warning signal.

[The latest international oil prices (OPEC wti crude oil) market]

As of the morning close of June 15, 2021: the price of US light crude oil WTI was US$70.88/barrel, down 0.04%, and the price of Brent crude oil was US$72.86/barrel, up 0.23%

Latest information on international oil prices:

Producers are in an awkward position as oil prices soar. Will oil still be in short supply in the next ten years? On June 14, US crude oil futures hit a two-and-a-half-year high. As fund managers have invested trillions of dollars in wind, solar and other renewable energy projects, investment in oil projects has fallen sharply. Some analysts believe that the sharp drop in fossil fuel spending may make it difficult for energy companies to meet global demand for oil. The lack of financing by oil producers may have unintended consequences.

Today’s latest oil price after the rise has been sorted out by the editor, and riders can reply to keywords in the dialogue window to query the latest oil price (for example: Guangzhou).

Finally, the editor will take a look at the latest gasoline prices on June 15:

Liaoning 92# gasoline is 6.87 yuan/liter, 95# gasoline is 7.33 yuan/liter;

Hunan oil price: The wholesale price of Guoliu 0# car diesel is 7250 yuan/ton, and the price is adjusted to 6.52 yuan/liter; the wholesale price of Hunan Guoliu 92# gasoline is 8716 yuan/ton, and the price is adjusted to 6.79 yuan/liter; the wholesale price of Hunan Guoliu 95# gasoline is 9216 yuan/ Tons, the adjusted price is RMB 7.21 per liter;

Shanghai Refined oil wholesale price limit/retail price: Guoliu 0# diesel price is 7000 yuan/ton, 6.28 yuan/liter; Guoliu-10# automobile diesel is 7438 yuan/ton, 6.66 yuan/liter; Guoliu 92# gasoline price is 8493 Yuan/ton, 6.64 Yuan/liter; Guoliu 95# gasoline price is 8990 Yuan/ton, 7.07 Yuan/liter;

Hebei oil prices Qinhuangdao Guoliu 92# gasoline is adjusted to 6.75 yuan/liter; Qinhuangdao Guoliu 95# gasoline is priced at 7.13 yuan/liter; Qinhuangdao Guoliu 98# gasoline is priced at 7.95 yuan/liter; Qinhuangdao Guoliu 0# diesel is adjusted to 6.39 yuan /Rise;

Poland’s high inflation With price jumps from the pandemic

Status: 08.06.2021 8:12 a.m.

The Polish inflation rate is well above the German rate – now more than five percent. In many ways, this is a consequence of the pandemic, experts say. But when will the central bank react? From Martin Adam, ARD studio Warsaw The pandemic is not over yet when another topic is pushing the front pages of Polish newspapers. “Why so expensive?” Asks the “Gazeta Wyborcza”. The “Rzeczpospolita” replies: “We pay for growth with inflation.” In fact, what is happening in Poland is what financial experts in Germany are warning of: the inflation rate is rising – currently to a ten-year high of well over five percent, according to the standardized European calculation. That is one of the highest values ​​in the European Union. For comparison: In Germany, the inflation rate was 2.5 percent in May .

Devaluation clearly noticeable

The devaluation of the Polish zloty is clearly noticeable, explains financial market expert Pawel Majtkowski. “Compared to last year, wages have risen by ten percent, but the prices of fruit and vegetables by 20 percent. So we are already feeling the price increases,” he says. “In addition, there are higher production costs, transport costs and the costs of higher wages.” All of this is reflected in prices. Inflation is most evident in the case of fuels. According to the national statistics office, gasoline and diesel for private cars have become more than 30 percent more expensive within a month.

“Polish economy is doing well”

But don’t panic, it’s all normal and a consequence of the corona pandemic, explains economic advisor Lidia Adamska. “Inflation in Poland reflects processes that we see in the post-Covid landscape around the world. But the Polish economy is doing well,” she says. “The gross domestic product is growing, the employment and unemployment figures are also optimistic.” There are various factors that are currently weighing on the Polish currency, only some actually have to do with the corona pandemic: The low interest rates, which are supposed to stabilize the economy, make money cheap. It is available in large quantities, which always carries the risk of being devalued. After the rapid slump last year, crude oil prices are also picking up again, making gasoline and diesel more expensive. In addition, there are higher food prices because Polish agriculture has not recovered from the past two years of drought. A bad harvest means high prices. With restaurants and hotels that are slowly reopening in Poland, demand is also increasing.

Raising the minimum wage is having an effect

The political decision at the beginning of the year to increase the gross minimum wage to 18.30 zloty per hour, the equivalent of around 4.10 euros, also has an impact. This is supposed to distribute the Polish economic boom more fairly. However, the service industry in particular, which has been shaken by the corona lockdown, is passing the higher wage costs through to customers. The bottom line is that everything will be expensive. But it will certainly be countered soon, suspects the economics expert Ignacy Morawski. “In a sense, inflation is the price of low unemployment,” he says. “I suspect the central bank will soon raise interest rates to control inflation.” When exactly this will happen and how far inflation will rise, hardly anyone in Poland has yet wanted to make a forecast.

Galaxy Tab A7 Lite genuine on shelves in Vietnam from June 3. This model has gray and silver colors, priced at 4.5 million. This is a shortened version of the Galaxy Tab A7 model. The device has an 8.7-inch screen, 800 x 1,340 pixels resolution and TFT LCD panel. Image: Samsung. The configuration of this model includes an octa-core MediaTek Helio P22T processor with a maximum clock speed of 2.3 GHz, 3 GB of RAM, 32 GB of internal memory and a 5,100 mAh battery. This configuration can meet entertainment needs such as watching YouTube, playing light games, surfing the web. Photo: Samsung. Huawei MatePad 2021 Genuine sold in Vietnam from the end of April, priced at 8 million. Currently, the machine is reduced by some retailers by 500,000 VND, to 7.5 million VND. The highlight of this model comes from the 10.4-inch screen, 2K high resolution and IPS LCD panel. Image: Huawei . Compared to competitors in the same price range, MatePad 2021 is slightly better in terms of configuration. Accordingly, the device is equipped with an 8-core Kirin 820 chip, 4 GB of RAM, 128 GB of internal memory and a 7,250 mAh battery. However, the disadvantage on this model comes from not using Google services. Users can only download applications from the App Gallery store developed by Huawei. Photo: Huawei. Lenovo Tab M10 2nd Generation Genuine appeared in Vietnam market from February, priced at 4.4 million. The back of the device uses metal material, the corners are slightly curved. The device has a 10-inch screen, IPS LCD panel, 800 x 1,280 pixel resolution and a maximum brightness of 400 nit. Image: Lenovo . Lenovo Tab M10 2nd generation is aimed at users who need to find a tablet that can meet basic entertainment needs, at a good price. The device is equipped with MediaTek Helio P22T chip, 2 GB RAM, 32 GB internal memory and 5,000 mAh battery. Photo: Lenovo. Not a new tablet model but iPad Pro 2020 are on good discount. According to retail systems, this move is to clear the way for the upcoming iPad Pro M1 to hit shelves in Vietnam. Currently, the 12.9-inch 128GB Wi-Fi iPad Pro model is sold for 23.5 million VND, down 2 million VND compared to early May. The Verge . This model has a 12.9-inch screen with a resolution of 2,048 x 2,732 pixels. iPad Pro 2020 uses A12Z Bionic chip with powerful processing capabilities. In addition, the machine has a 4-speaker system, providing loud and detailed sound when watching movies or playing games. Photo: My next tablet.

Rice prices fluctuate in opposite directions Specifically, for ordinary rice in Long An, the price is 6,900 VND/kg; Tien Giang is 7,750 VND/kg; Dong Thap is 6,550 VND/kg; An Giang is 5,900 VND/kg… For long-grain rice, the price in Long An is 7,300 VND/kg; Tien Giang is 7,950 VND/kg; Dong Thap 7,100 VND/kg; An Giang 6,000 VND/kg… With rice prices, today is mixed. Specifically, the new NL IR 504 rice increased by 100 dong, to 7,900-8,000 dong/kg; new TP IR 504 rice reduced by 200 dong, to 8,800-8,900 dong/kg. While plate 1 IR 504 is stable at 7,900-8,000 VND/kg and gold bran is stable at 7,650 VND/kg. Traders said that today, the purchasing demand of warehouses has not prospered, in general, raw rice has returned to hybrid rai. ST rice types are sold well, prices are stable. Similarly, the types of rice sold at the market in An Giang also continued to be stable. Specifically, sticky intestines 14,000 VND/kg; fragrant rice diced 18,000 – 19,000 VND/kg; Jasmine 14,000 VND/kg; common white rice 14,000 VND/kg; Miss Hoa 16,200 VND/kg; Squirrel is usually 14,000 VND/kg, white rice is usually stable at 11,000 – 12,000 VND/kg, Japanese rice is 24,000 VND/kg; Nang Nhen rice 20,000 VND/kg; Thai squirrel 17,000 VND/kg… On the world market, the export price of rice today suddenly decreased slightly by 5 USD/ton for 5% broken rice. Accordingly, 5% broken rice is 483-487 USD/ton. Other types of rice continue to stand still, including: 25% broken rice 463-467 USD/ton; 100% rice price 418-422 USD/ton; Jasmine 563-567 USD/ton. Along with the adjusted Vietnamese rice price, the Thai rice offering price was also adjusted down by 1 USD/ton for 5%, 25% and 100% broken rice varieties. Currently, this country’s rice is recorded at 25-31 USD/ton lower than Vietnam’s rice of the same type. It is the lower Thai rice price that is creating great competitive pressure for our country’s exporters because buyers are turning to other rice exporters who are offering cheaper prices.

The price of Taiwanese mangoes fell to the lowest level in recent times The amount of vegetables and fruits to the Thu Duc agricultural wholesale market increased from 3300 tons to 3500 tons due to the increased shopping demand of people during the days when Ho Chi Minh City implemented social distancing. Hoc Mon wholesale market recorded a stable volume of goods from places entering the market as in the previous days, about 3,000 tons. Similarly, in the Mekong Delta, vegetables and fruits keep an upward trend. Broccoli is 22,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday, sweet cabbage is 22,000 VND/kg, 5,000 VND/kg, bitter melon is 22,000 VND/kg, 2,000 VND/kg higher, gourd is 12,000 VND/kg, 1000 VND. /kg, squash 14,000 VND/kg up 2000 VND/kg, water spinach 15,000 VND/kg up 2000 VND/kg, spinach 15,000 VND/kg up 3000 VND/kg, cowpea 15,000 VND/kg up 2000 VND/ kg… The price of fruit has remained stable, especially the price of Taiwanese mangoes in many localities in the Mekong Delta has dropped to a very low level and is difficult to consume. Accordingly, grade 1 mangoes can only be purchased for about 5,000-6,000 VND/kg, grade 2 and 3 are only 2,000-3,000 VND/kg, and drift goods are priced at 1,000 VND/kg. This is a very low price for many years. According to Taiwanese mango farmers, recently, due to difficulties in export output due to the epidemic, small traders and mango granaries for export have limited purchases, causing mango farmers to face many difficulties in output. Seafood prices keep prices stable. Farmed snakehead fish is 48,000 VND/kg, two brood fish is 40,000 VND/kg, down 2,000 VND/kg, white meat catfish is priced at 35,000 VND/kg, giant freshwater prawn is 230,000 VND/kg, tilapia is 32,000 VND/kg, red tilapia 46,000 VND/kg, grade 1 eel costs 240,000 VND/kg, grade 2 eel costs 180,000 VND/kg, farmed frog costs 55,000 VND/kg.

The notice of EVN stated that the website at dienlucevn.com used the domain name and some content and images that may be misleading are information publications belonging to the Electricity of Vietnam – EVN. This is likely to affect the interests of EVN customers when using the information on the website forging the brand name of Electricity of Vietnam. The Vietnam Electricity Group confirms that the website at dienlucevn.com is not owned by EVN nor by any member units under EVN. EVN also said that the group now owns websites at http://www.evn.com.vn and http://tietkiemnangluong.vn. Customers using electricity when requesting any service of EVN are requested to look up information only at the websites http://www.evn.com.vn and http://tietkiemnangluong.vn, or contact Contact Customer Care Centers of Power Corporations for support. According to the reporter’s information search on the support page for looking up domain name information of ICANN (International Internet Address and Domain Name Management Organization), the website at dienlucevn.com was registered from August 5. 2020 and will expire on August 5. However, ICANN’s domain name lookup support page does not provide information about registered users of the domain name dienlucevn.com. In fact, the phenomenon of setting up fake websites with domain names of agencies and businesses to serve a certain purpose, even to deceive customers to steal information and users’ properties, is relatively common. The current. Recently, the Vietnam Fake News Processing Center under the Department of Radio, Television and Electronic Information, the Ministry of Information and Communications has also repeatedly warned about fake websites of agencies, organizations and businesses such as: website eximbank.xyz fakes the name and image of Eximbank, offers many services; website viettel-store.com/sim4g fakes the name and image of the Viettel Import-Export and Trading State One-member Company Limited to post information inviting to buy and sell Viettel sims… In the warnings, the Vietnam Fake News Processing Center has also advised the online community not to use the service of the fake website.

Processing pork products at Vinh Anh Food Technology Joint Stock Company, Thuong Tin district (Hanoi). According to Anova Feed Joint Stock Company, on May 24, in the North, the price of live pigs in the whole region ranged from 64,000 to 71,000 VND/kg. In the central region, also recorded from 67,000 to 72,000 VND/kg. In the South, the transaction remained in the range of 67,000 – 69,000 VND/kg. A pig farm owner in Thanh Ba – Phu Tho said that the price of live pigs in the area tends to decrease, currently at about 69,000 VND/kg for grade 1 pigs. If pigs are raised by the people themselves, the price is only from 64,000 to 64,000 VND. 66,000 VND/kg and commented that hog prices may continue to go down due to the slow consumption situation due to the COVID-19 epidemic. While the price of live hog tends to decrease sharply, the price of meat on the market in Hanoi is still quite high. According to the owner of a pork shop in the market in Yen Hoa ward, Cau Giay, Hanoi, the price of delicious pork is currently ranging from 130,000 to 150,000 VND/kg. Specifically, the price of delicious ribs is 150,000 VND / kg, lean shoulder meat is from 140,000 -150,000 VND / kg, pork butt is 130,000 VND / kg, pork leg meat is 140,000 VND / kg… last month. At the supermarket, the price of pork has decreased but is still at a high level of 116,000 – 155,000 VND/kg, even young ribs are still at 200,000 VND/kg. Specifically, lean butt meat is 120,000 VND/kg, lean thigh is 142,000 VND/kg, shoulder lean is 155,000 VND/kg, lean ground is 149,000 VND/kg, shoulder is 116,000 VND/kg…

Prices of many green vegetables continue to increase Due to unstable weather, heavy rainfall, prolonged over a large area in the past few days, the selling price of some leafy vegetables has increased quite high. According to the assessment of many small traders at the Thu Duc wholesale market, the increase in prices is due to the difficult harvest and waterlogged vegetables, making the output to the market lower than usual. Similarly, in the Mekong Delta, the price of vegetables and fruits also continued to increase. Choysum vegetables 17,000 VND/kg increase price 2000 VND/kg, broccoli 15,000 VND/kg increase 2000 VND/kg, bitter melon 22,000 VND/kg increase 3000 VND/kg, gourd 12,000 VND/kg increase 2,000 VND/kg, squash 13,000 VND/kg up by 3000 VND/kg, 12,000 VND/kg of water spinach, 13,000 VND/kg up of spinach, 2000 VND/kg, 20,000 VND/kg of white radish, 13,000 VND/kg of string beans, up by 2000 VND/kg.. . Prices of some fruits continued to move sideways. Price of 3-color mango is 5000 VND/kg, 3 color mango in bucket price is 3000 VND/kg, price of lemon is 8000 VND/kg of jackfruit 11,000 VND/kg down 1000 VND/kg… Seafood and fresh meat also kept the sideways trend. White meat catfish costs 35,000 VND/kg, giant freshwater shrimp 230,000 VND/kg, farmed snakehead fish 50,000 VND/kg, tilapia 32,000 VND/kg, red tilapia 46,000 VND/kg, grade 1 eel 240,000 VND/kg , grade 2 eels cost 180,000 VND/kg, farmed frogs cost 55,000 VND/kg…

According to locals, if last year, at this time, the price of Australian mango was always at 40,000-50,000 VND/kg, this year, the price of Australian mangoes dropped sharply to only 10,000 VND/kg. Rescued Australian mangoes are on the market. (Screenshots) On the online market, many people are calling for the rescue of Australian mangoes. According to the survey, most sellers sell in sets of 3kg, 5kg or 10kg. Ms. N. Tram (HCMC) for sale on the Australian mango net market for 39,000 VND/3kg. She says: “ This year, due to the impact of the COVID-19 epidemic, the price of Australian mangoes dropped sharply. Unable to export, Australian mango must be consumed in the domestic market “. In Hanoi, Australian mango costs just over 10,000 VND/kg. (Screenshots) Not only in Ho Chi Minh City, Australian mangoes are also sold to the rescue on many online markets in Hanoi. A Facebook account for sale on the online marketplace: “ Export of Australian mango. Mango rescue corner. Translation can’t be exported, so I’m selling for the garden This small trader said that Australian mango exports are large (700-800g/fruit), round, beautifully designed, thick and juicy. The selling price is 99,000 VND/6kg. Calculated, each kg of red Australian mango. just over 16,000 VND. Ms. TL (Hoang Mai, Hanoi) shared: “ About a dozen days ago, I started selling Australian mangoes to rescue gardeners in Nha Trang. Because the epidemic could not be exported to China, farmers did not know where to put it. I sell in a set of 5kg (99,000 VND) “. Australian mangoes are large, round and weigh up to 1kg/fruit. (Photo: Facebook) According to Ms. TL, Australian mangoes are very regular and large. Because of the low price, many women also buy together to save money on shipping. One day, Ms. TL sold nearly 1 quintal of Australian mangoes. Just ordered 10kg of Australian mango, Lan Hoa (Nam Tu Liem, Hanoi) constantly compliments. She says: “ I ordered Australian mango yesterday on Facebook and this afternoon it was delivered to my house. Australian mangoes are large, uniform fruits, beautiful colors. When eaten sweet, ripe, mango flesh is firm “. The Australian mangoes are beautifully colored. (Photo: Facebook) Similarly, Ms. Trang (Ha Dong, Hanoi) also ordered 10kg of Australian mangoes for the whole family to eat gradually. She said: “ Every year, Australian mango has a high price of about 50,000 VND/kg. However, this year, Australian mangoes are only about 10,000 VND/kg. From now until the end of the season, I will order a few more times to support the farmers “.

Banana prices are high due to strong consumption in the domestic market Similarly, in the Mekong Delta, prices of vegetables and fruits also kept flat. Sweet cabbage 17,000 VND/kg, broccoli 15,000 VND/kg, bitter melon 23,000 VND/kg, a slight increase of 1000 VND/kg, gourd 12,000 VND/kg, squash 13,000 VND/kg, water spinach 12,000 VND/kg, spinach 13,000 VND/kg, an increase of 2000 VND/kg, white radish 20,000 VND/kg, green beans 13,000 VND, an increase of 2000 VND/kg… Prices of some fruits continued their downtrend. The price of 3-color mangoes is 5000 VND/kg, the price of 3-color mangoes for buckets is 3000 VND/kg, the price of lemons is 8000 VND/kg; jackfruit 11,000 VND/kg down 1000 VND/kg, green skin pomelo grade 1 cost 28,000 VND/kg, reduce 2000 VND/kg, type 2 cost 22,000 VND, reduce 3000 VND/kg… Particularly, the price of areca and Siamese bananas in many localities in the Mekong Delta is currently maintained at a relatively high level. Currently, areca bananas are sold by farmers to traders and collectors at 100,000-110,000 VND/dozen (10 bags) and about 11,000-12,000 VND/kg. Meanwhile, the price of Siamese bananas is at 60,000-70,000 VND/dozen (10 bundles) and about 5,000-6,000 VND/kg. Seafood and fresh meat also kept the sideways trend. White meat catfish costs 35,000 VND/kg, giant freshwater shrimp 230,000 VND/kg, farmed snakehead fish 50,000 VND/kg, tilapia 32,000 VND/kg, red tilapia 46,000 VND/kg, grade 1 eel 240,000 VND/kg , grade 2 eels cost 180,000 VND/kg, farmed frogs cost 55,000 VND/kg…

A South Yorkshire auction house recently put up for sale a three-bedroom house inundated by a sea of ​​trash after it had been abandoned for five years in the Sheffield suburb of Hillsborough for £110,000 (equivalent to 3.6 billion). copper). According to the auctioneer, the house was fully furnished, but the furniture soon rotted and was no longer usable. Therefore, if you want to turn it into your home, the buyer will have to manually clean up the mountains of garbage in the house. The house has 3 floors including cellar, kitchen and living room on the ground floor, three bedrooms and a family bathroom on the upper floor. However, everything is now extremely messy and dirty, even the kitchen has rusted and yellowed. The wallpaper of the house has been peeled off, revealing old brick walls. The house also had a garden in the backyard but it was overgrown with trees and weeds. According to the introduction, the house is located in a prime location because it is close to bars, restaurants, convenience stores as well as tram and bus stations, so homeowners can easily move to the city center. It’s not a long way to go. After the abandoned house flooded with garbage was for sale on social networks, many people said that they were extremely shocked by the investor’s marketing. “It’s crazy, I will never buy a house like this dump, especially its price is ‘heavenly’, this business idea really shocked me”, “Abandoned house This is no longer usable, it has to be demolished to build a new one, how can the seller post a ruined picture of the house like that, I can’t believe it”, “If you give me the house, I will also ask for permission to return the furniture. interior”, … some sarcastic accounts.

Some seafood products on sale The volume of fruit and vegetables to the Thu Duc agricultural wholesale market has also decreased in recent days from 3356 tons/day to 3300 tons/day. The reason is that the demand for consumption is less because people are afraid to go to the market, gather in large numbers, and worry about the risk of infection. Similarly, in the Mekong Delta, fruit and vegetable prices also tend to decrease. Cauliflower is priced at 13,000 VND, down 2000 VND/kg, broccoli 12,000 VND/kg down 3000 VND/kg, bitter melon 20,000 VND/kg down 3000 VND/kg, gourd fruit 10,000 VND/kg down 2000 VND/kg, squash 11,000 VND VND/kg down 2000 VND/kg, water spinach 10,000 VND/kg down 2000 VND/kg, spinach 11,000 VND/kg down 2000 VND/kg… Prices of some fruits continue to keep prices low. Price of 3-color mango is 5000 VND/kg, 3 color mango in bucket price is 3000 VND/kg, price of lemon is 8000 VND/kg jackfruit 11,000 VND/kg down 1000 VND/kg, green skin pomelo grade 1 price is 28,000 VND/kg, down 2000 VND /kg, type 2 costs 22,000 VND, down 3000 VND/kg… Fresh meat items keep prices stable. Live pig 74,000 VND/kg, live duck 54,000 VND/kg, live chicken (chicken) 95,000 VND/kg… Seafood prices have some items reduced. Farmed snakehead fish is 48,000 VND/kg, down 2000 VND/kg, herring is 40,000 VND/kg, down 2000 VND/kg, white catfish costs 35,000 VND/kg, giant freshwater prawn 230,000 VND/kg, tilapia 32,000 VND/kg/kg. kg, pink tilapia 46,000 VND/kg, grade 1 eel costs 240,000 VND/kg, grade 2 eel costs 180,000 VND/kg, farmed frog costs 55,000 VND/kg.

Prices of many seafood products decreased due to slow purchasing power Similarly, in the Mekong Delta, the price of vegetables and fruits also decreased. Choysum is priced at 19,000 VND/kg, down 2,000 VND/kg, broccoli is 16,000 VND/kg, 2,000 VND/kg, green onions are 18,000 VND/kg, 2,000 VND/kg, bitter melon is 22,000 VND/kg, 3000 VND/kg , gourd 12,000 VND/kg down 2000 VND/kg, okra 18,000 VND/kg down 2000 VND/kg, tomatoes 12000 VND/kg down 4000 VND/kg… Prices of some fruits continued their downtrend. Currently, the retail price of fragrant mangoes, four quarters mangoes, acacia mangoes and Taiwanese mangoes are only from 5,000-10,000 VND/kg, while Australian mangoes, Cat Chu mangoes, Hoa Loc sand mangoes are priced at 15,000-30,000 VND. /kg. Meanwhile, the price of many kinds of jackfruit, longan, strawberry, orange, tangerine, guava, dragon fruit, watermelon, pomelo, etc. are also quite low, with prices only from 5,000-20,000 VND/kg. Grade 1 green skin pomelos cost 25,000-28,000 VND/kg. Seafood and fresh meat products, after a long period of stable price, tend to decrease due to the decrease in domestic consumption and export demand. Due to the slow consumption due to the impact of the epidemic, many freshwater aquaculture products such as perch, tilapia, goby, slicing, frog, giant freshwater prawn, etc., are currently down at least from 2,000 to 10,000 VND/kg than a month ago. In Can Tho City and neighboring provinces such as Vinh Long, An Giang, Hau Giang, etc., fish slices are sold to traders by farmers for only 43,000 VND/kg (2-3 fish/kg), while in the next few months. At the beginning of the year, the price is 46,000-48,0000 VND/kg. The price of farmed frogs started at more than 40,000 VND/kg, now it has dropped to around 35,000 VND/kg. Farmed perch is sold by farmers to traders for only 23,000-24,000 VND/kg (6-8 fish/kg). Tilapia and red tilapia at 30,000-35,000 VND/kg (2-3 fish/kg).

Durian Musang King is one of the best durians in the world and is known as the “king” of the durian line. In Vietnam, Musang King durian costs from 400,000 to 500,000 VND/box of 400 grams. Photo: Vietnamnet Musang King Durian is favored for its creamy texture and pleasant light-colored appearance, delicious, golden-colored durian pulp, and soft, non-sticky durian rice. Photo: Facebook In particular, Musang King durian does not have a strong smell like other durians. Photo: Facebook Thai durian weighing 2-4kg is also popular in Vietnam with prices ranging from 100,000 to 140,000 VND/kg. Photo: Facebook Durian fruit has a light yellow color, light sweetness, not harsh, dry rice has a greasy taste. Photo: Facebook As soon as returning home, Malaysian red flesh durian created a fever in the market. It stimulates the curiosity of customers because it has a very different color from the world’s best durian. Photo: Traicaydungmap In 2018, when he first returned to Vietnam, Malaysian red-fleshed durian cost up to millions of VND/kg. However, currently, red flesh durian prices range from 100,000 – 200,000 VND/kg, depending on the type. Photo: Vietnamese people Last year, mini durian imported from Thailand continued to “fever” in the market for 150,000-180,000 VND/kg, twice as expensive as domestic durian. Photo: Facebook Thai mini durian weighs only from 0.5 to less than 1.2kg, has from 4 to 5 compartments containing segments. Many durian followers have searched everywhere to try. Photo: Facebook Due to the fact that each fruit weighs only 0.5kg – 1.2kg, consumers only spend 100,000-200,000 VND to be able to buy a quality imported durian. Photo: Facebook Video: Tips to distinguish ripe durian from drug dipped durian. Source: VTV24

Prices of green vegetables and many fruit products continue their downward trend Similarly, in the Mekong Delta, the price of vegetables and fruits also decreased. Choysum is priced at 17,000 VND/kg, down 2000 VND/kg, broccoli 15,000 VND/kg down 1000 VND/kg, bitter melon 20,000 VND/kg down 2000 VND/kg, gourd 12,000 VND/kg down 2000 VND/kg, squash 12,000 VND/kg down 2000 VND/kg, chili 20,000 VND down 2000 VND/kg… Prices of some fruits continued their downtrend. Currently, Hoa Loc mango is priced at 18,000 VND/kg, down 3000 VND/kg, jackfruit is 15000 VND/kg, down by 2000 VND/kg, grade 1 green-skinned pomelo is priced at 25,000 VND/kg, down 3000 VND/kg. Seafood products, fresh meat kept a sideways trend, some seafood products dropped sharply. White meat pangasius price 35,000 VND/kg down 2000 VND/kg, giant crayfish 230,000 VND/kg down 5000 VND/kg, farmed snakehead fish 50,000 VND/kg down 5000 VND/kg, tilapia 30,000 VND/kg down 2000 VND/kg… Price of pork leg 130,000 VND/kg, lean pork 135,000 VND/kg, bacon 140,000 VND/kg…

The price of melons dropped sharply and many varieties chủng Similarly, in the Mekong Delta, the price of vegetables and fruits also decreased. Choysum is priced at 15,000 VND/kg, down 2000 VND/kg, broccoli is 13,000 VND/kg down by 2000 VND/kg, bitter melon is 18,000 VND/kg down by 2000 VND/kg, gourd is 10,000 VND/kg down by 2000 VND/kg, squash 11,000 VND/kg down 1000 VND/kg… Prices of some fruits continue their downward trend. Currently, Hoa Loc mango is priced at 15,000 VND/kg, reduced by 2,000 VND/kg, jackfruit 15,000 VND/kg, reduced by 2000 VND/kg, grade 1 green-skinned pomelos priced at 25,000 VND/kg, reduced by 3000 VND/kg, old bananas 6800 VND/kg , jackfruit 10,000 VND/kg down 2000 VND/kg, lemon 10,000 VND/kg down 2000 VND/kg… Especially, currently on the market, melons are very diverse. The price of cantaloupe melon farmers in the Mekong Delta regions sell buckets to traders at 20,000-25,000 VND/kg, a sharp decrease compared to before from 10,000-15,000 VND/kg. The price of cantaloupe fell due to abundant supply and the market’s diversity of types of melons such as long-fruited cantaloupe, round-fruited cantaloupe, orange-fleshed cantaloupe, green-fleshed cantaloupe, etc. In addition, the consumption of cantaloupe in the market The school is also slow because of the impact of the epidemic. Seafood products, fresh meat kept a sideways trend, some seafood products dropped sharply. White meat pangasius price is 35,000 VND/kg, down 2,000 VND/kg, giant freshwater shrimp 230,000 VND/kg, 5000 VND/kg, farmed snakehead fish 50,000 VND/kg, 5000 VND/kg, tilapia 30,000 VND/kg, down 2000 VND/kg…

Prices of green vegetables go sideways, prices of many fruit and vegetable products decrease The amount of agricultural products, vegetables and fruits arriving at the Thu Duc agricultural wholesale market in recent days has increased by about 100 tons per day from 3186 tons per day to 3287 tons per day. According to the assessment of small traders, because the demand for consumption at retail markets increases when people have a need to buy more to limit going to crowded places due to the complicated epidemic situation in recent days. . Similarly, in the Mekong Delta, the price of vegetables and fruits also kept the same. Cauliflower costs 15,000 VND/kg, broccoli 13,000 VND/kg, bitter melon 18,000 VND/kg, gourd 8,000 VND/kg down 1000 VND/kg, squash 11,000 VND/kg down 1000 VND/kg, eggplant 12,000 VND VND/kg discount 1000 VND/kg, green beans 12,000 VND, 1000 VND reduction, corn 18,000 VND, 1000 VND/kg reduction…. Prices of some fruits continue their downward trend. Currently, Hoa Loc sand mango is priced at 14,000 VND/kg, down 1000 VND/kg, jackfruit 13,000 VND/kg, 4,000 VND/kg, grade 1 green-skinned pomelo is priced at 25,000 VND/kg, down 3000 VND/kg, old bananas are 6800 VND/kg , lemon 10,000 VND/kg down 2000 VND/kg… Seafood products, fresh meat kept a sideways trend, some seafood products kept their prices down in recent days. White meat pangasius price is 35,000 VND/kg, down 2,000 VND/kg, giant freshwater shrimp 230,000 VND/kg, 5000 VND/kg, farmed snakehead fish 50,000 VND/kg, 5000 VND/kg, tilapia 30,000 VND/kg, down 2000 VND/kg… The price of pork is stable, the average price of live pork is from 68,000 to 72,000 VND/kg, thigh meat 130,000 VND/kg, three pieces 140,000 VND/kg, lean pork 145,000 VND/kg…

Prices of many vegetables and fruits keep prices flat Similarly, in the Mekong Delta, the price of vegetables has also remained unchanged, with the price of collard greens at 20,000 VND/kg, broccoli at 21,000 VND, a slight increase of 1,000 VND/kg, water spinach at 14,000 VND/kg, and vegetables at 12,000 VND/kg, an increase of 2,000 VND. /kg, white cabbage 15,000 VND/kg, eggplant 13,000 VND/kg, up 1000 VND/kg, chickpeas price 22,000 VND/kg up 2000 VND/kg, green onion 22,000 VND/kg, bitter melon 25,000 VND/kg, gourd 15,000 VND/kg, okra 20,000 VND/kg… Prices of some fruits keep a slight downward trend. All kinds of fragrant mangoes, four-quarter mangoes, and Taiwanese mangoes are sold in buckets to traders and fruit collectors from 5,000-6,000 VND/kg, Cat Chu mango costs 10,000 VND/kg, acacia mango costs 5,000 VND/kg. /kg. The price of jackfruit continued to decrease to 10,000 VND/kg, down 5000 VND/kg. Price of green skin pomelo grade 1 is 30,000 VND/kg, type 2 is 25,000 VND/kg… Seafood products, fresh meat prices are stable. Giant freshwater prawn is 250,000 VND/kg, white meat catfish is 35,000 VND/kg, farmed snakehead fish is 50,000 VND/kg, red tilapia is 45,000-48,000 VND/kg, tilapia is 28,000 VND/kg Tilapia is priced at 32,000 VND/kg, a discount of 2,000 VND/kg. The price of meat also remained stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef. Ready-made whole chicken costs 125,000-135,000 VND/kg, ready-made whole duck costs 77,000-82,000 VND/kg…

Following the above decrease, the price of thin pork (wholesale pig/jaw) of grades 1 and 2 also dropped sharply by about 12,000-15,000 VND/kg, to 85,000 VND/kg grade 1 and 78,000 VND/kg grade 2, respectively. However, the price of mixed pork belly has not decreased much, only about 5,000 VND/kg. Specifically, the previous sausage from 90,000 VND/kg to 85,000 VND/kg; drumstick drumsticks 85,000 VND/kg to 80,000 VND/kg, lean chips 110,000 VND/kg to 105,000 VND/kg. Particularly, young ribs still keep the price of 150,000 VND/kg, while before it was at 145,000 VND/kg. Explaining the above disproportionate price reduction, Mr. Tien said that normally, when the price of pigs goes down, the price of thin pigs will also drop directly, even if the reduction is more than the price of live pigs. Particularly, mixed pork usually does not decrease immediately, but gradually, on the contrary, the increase will also be gradual because traders and traders have signed contracts with each other in advance for a fixed period of time. Retail pork prices are still high, making consumers wonder. That is also the reason why small traders in some retail markets said that the price of pork of all kinds they sold has not decreased much, some places only decreased by about 5,000 – 10,000 VND/kg. Co Nhi, a small pork trader at Go Vap market (HCMC), said that for more than a week now, she has been importing wholesale pork at a high, unchanged price, about 117,000 – 125,000 VND/kg. Therefore, the retail price of pork remains high: young ribs 180,000-190,000 VND/kg, bacon 155,000 – 160,000 VND/kg, thighs 110,000 – 120,000 VND/kg… “The wholesale price of pork has not decreased, so I still keep the selling price. Prices of ham, ribs, and bacon are still high, so customers buy less and consumption is slow. Accordingly, the amount of imported goods also decreased from 100 kg/day to only 40 kg/day. Only when the wholesale price of imported pork and snakehead meat decreases, the retail price will decrease accordingly, which can stimulate buyers to increase pork consumption again,” Ms. Nhi said. Mr. Nguyen Dang Phu – Deputy General Director of Vietnam Vissan Animal Industry Joint Stock Company, also assessed that the sales force for pork products is currently very slow, the company has to reduce the price of all kinds of young ribs and cutlets by 15%. , pork belly pulled ribs… to stimulate purchasing power. Meanwhile, in the same market, the price of pork varies from place to place. At Base Market 26A (Go Vap District, some stalls quote the price of young ribs VND 165,000/kg, bacon 120,000 VND/kg, thighs 100,000 VND/kg… But another stall is not far away, the seller quoted the price. higher than 20,000 – 25,000 VND/kg, specifically: 180,000 VND/kg baby ribs, 140,000 VND/kg bacon, 120,000 VND/kg thighs… As explained by the small traders, the retail price of pork depends on each market, both wholesale and retail markets. At the beginning of the session (3 – 4 am) pork prices will be high and prices will decrease at the end of the session (6 – 7 am). Some retail sellers will watch out for wholesale markets to import “dropped goods” at cheap prices and sell cheaply to push goods; and those who import goods early, the meat is delicious, the price is higher, so they are forced to retail at a high price. “This whole week, I imported thin pigs with a constant price of 105,000 VND/kg, not 78,000 – 85,000 VND/kg. Not to mention, the purchasing power is slow, there is still a lot of meat left in the afternoon so I have to sell it all cheaply to the shops; The price at the beginning of the session, at the end of the session, is not much profit,” explained Ms. Thuyen – selling pork at Cho Base 26A. As noted by us, meat prices at some slaughterhouses also remained high. For example, in Vissan, even after the reduction of pork, it is still quite high. Pork ribs 275,000 VND/kg reduced to 210,000 VND/kg, pork belly 205,000 VND/kg reduced to 175,000 VND/kg, thigh meat 166,000 VND/kg reduced to 145,000 VND/kg… Branded packaged pork… Meat Deli is even higher: thigh 152,000 VND/kg, pork belly 192,000 VND/kg, cutlet 124,000 VND/kg, pork leg boneless 160,000 VND/kg… (According to Women in HCMC)

Fruit and vegetable prices fell sharply Similarly, in the Mekong Delta, vegetable prices also tend to decline sharply. Choysum is priced at 18,000 VND/kg, down 3,000 VND/kg, 18,000 broccoli is down 3,000 VND/kg, water spinach is priced at 12,000 VND/kg, down 2000 VND/kg, white cabbage is 13,000 VND/kg, down 2000 VND/kg. eggplant 11,000 VND/kg, reduced 1000 VND/kg, chickpeas 20,000 VND/kg reduced 2,000 VND/kg, green onions 20,000 VND/kg, bitter melon 25,000 VND/kg, gourd 15,000 VND/kg, okra 20,000 VND/ kg… Prices of some fruits continued to decline, fragrant mangoes, four-quarter mangoes, and Taiwanese mangoes were sold by farmers in buckets to traders and fruit collectors from 5,000-6,000 VND/kg, Cat Chu mangoes. The price is 10,000 VND / kg, acacia mango costs 5000 VND / kg. Hoa Loc mango price also dropped sharply to 20,000 VND/kg, down 4000 VND/kg. Price of green skin pomelo grade 1 is 30,000 VND/kg, type 2 is 25,000 VND/kg… Seafood products, fresh meat prices are stable. Giant freshwater prawn is 250,000 VND/kg, white meat catfish is 35,000 VND/kg, farmed snakehead fish is 50,000 VND/kg, red tilapia is 45,000-48,000 VND/kg, tilapia is 28,000 VND/kg Tilapia is priced at 32,000 VND/kg, a discount of 2,000 VND/kg. The price of meat also remained stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef. Ready-made whole chicken is priced at 125,000-135,000 VND/kg, ready-made whole duck is priced at 77,000-82,000 VND/kg… Particularly, the price of piglets also decreases according to the price of live pigs. In Can Tho City and Hau Giang Province, Vinh Long, An Giang, Dong Thap, Ben Tre… Breeding pigs of 12-15 kg/head are sold by many households and breeders for 2-2.3 million. VND/head, while in the same period last year, the price was up to 2.8-3 million VND/head, even higher. The price of piglets fell sharply due to the increased supply of piglets in many localities and affected by the decrease in live hog prices.

Fruit and vegetable prices continue their slight downward trend Similarly, in the Mekong Delta, vegetable prices also tend to decline sharply. Choysum is priced at 18,000 VND/kg, down 3000 VND/kg, 18,000 broccoli is down 3,000 VND/kg, water spinach is priced at 12,000 VND/kg, down by 2000 VND/kg, spinach is 12,000 VND/kg, slightly increased by 2,000 VND/kg. white cabbage 13,000 VND/kg down 2,000 VND/kg, eggplant 11,000 VND/kg down 1000 VND/kg, chickpeas 20,000 VND/kg down 2,000 VND/kg, green onions 20,000 VND/kg, bitter melon 25,000 VND/kg kg, gourd 15,000 VND/kg, okra 20,000 VND/kg… Prices of some fruits inched up slightly after several days of declines. Cat Chu mango is priced at 11,000 VND / kg, a slight increase of 1000 VND / kg, acacia mango is 6000 VND / kg, up 1000 VND / kg, Hoa Loc mango price is 22,000 VND / kg, up 2000 VND / kg, green skin pomelo grade 1 price 30,000 VND/kg, type 2 costs 25,000 VND/kg… Seafood products, fresh meat prices are stable. Giant freshwater prawn is 250,000 VND/kg, white meat catfish is 35,000 VND/kg, farmed snakehead fish is 50,000 VND/kg, red tilapia is 45,000-48,000 VND/kg, tilapia is 28,000 VND/kg Tilapia is priced at 32,000 VND/kg, a discount of 2,000 VND/kg. The price of meat also kept stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef. Ready-made whole chicken with a slight discount of 120,000 – 130,000 VND/head, 5000 VND/head, ready-made whole duck for 77,000-82,000 VND/kg…

The price of fruit has decreased because it is entering the harvest season Similarly, in the Mekong Delta vegetable prices also keep a sideways trend. Kale costs 18,000 VND/kg, broccoli 18,000 VND/kg, green onions 20,000 VND/kg, bitter melon 25,000 VND/kg, gourd 15,000 VND/kg, okra 20,000 VND/kg, lettuce 10,000 VND/kg , okra 10,000 VND/kg, white radish 12,000 VND/kg… Some fruits continue their downtrend as they enter the full harvest season. Currently, the retail price of fragrant mangoes, four quarters mangoes, acacia mangoes and Taiwanese mangoes are only from 5,000-10,000 VND/kg, while Australian mangoes, Cat Chu mangoes, Hoa Loc sand mangoes are priced at 15,000-30,000 VND. /kg. Meanwhile, the prices of many kinds of jackfruit, longan, strawberry, orange, tangerine, guava, dragon fruit, watermelon, pomelo, etc. are also quite low, with prices only from 5,000-20,000 VND/kg. The price of many fruits decreased not only because the supply increased because of the beginning of the season, but this year the export output of many fruits was difficult due to the impact of the epidemic, so exports decreased. In addition, the market has price competition among many types of fruit. Seafood products, fresh meat prices are stable. Giant freshwater prawn is 250,000 VND/kg, white meat catfish is 35,000 VND/kg, farmed snakehead fish is 50,000 VND/kg, red tilapia is 45,000-48,000 VND/kg, tilapia is 28,000 VND/kg Tilapia is priced at 32,000 VND/kg, a discount of 2,000 VND/kg.

Durian prices fall due to the harvest season Similarly, in the Mekong Delta the price of green vegetables also decreased slightly. The price of collard greens is 10,000 VND/kg, a decrease of 2,000 VND/kg compared to yesterday, broccoli is 12,000 VND, 1,000 VND/kg, water spinach is priced at 12,000 VND/kg, vegetables are 10,000 VND/kg, a slight decrease of 1,000 VND/kg/kg. kg, white cabbage 15,000 VND/kg, a slight decrease of 1,000 VND/kg, eggplant 12,000 VND/kg, a slight decrease of 1000 VND/kg, eggplant price 12,000 VND/kg… Prices of some fruits keep trending sideways. Three-color mangoes cost 6,000 VND/kg, down 3000 VND/kg, Hoa Loc sand mangoes cost 18,000 VND/kg, old bananas 6800 VND/kg, grade 1 green-skinned pomelos cost 30,000 VND/kg, grade 2 cost 25,000 VND/kg , lemon 10,000 VND/kg, jackfruit 12,000 VND/kg. In addition, the price of durian is currently decreasing due to the high harvest season but is still high compared to the same period. Recently, durian in many provinces in the Mekong Delta in the harvest season, the supply has increased, so the price has decreased by 5,000- 10,000 VND/kg compared to more than 1 month ago, but it is still at about 10,000-20,000 VND/kg higher than that of the previous year. The same period of 2020. Currently, durian varieties (Ri 6, Mon Thon…) are being sold by farmers in Can Tho city and the provinces of Hau Giang, Vinh Long, Tien Giang, Ben Tre… to traders and barns. purchasing fruit at the price of 48,000-55,000 VND/kg, while in the same period last year the price was only 30,000-40,000 VND/kg. The retail price of durians with flat seeds on the market is popular from 75,000 to 90,000 VND/kg. Seafood prices are stable. White meat catfish costs 35,000 VND/kg, farmed snakehead fish costs 48,000 VND/kg, red tilapia costs 54,000-48,000 VND/kg, tilapia costs 28,000 VND/kg, tilapia costs 32,000 VND /kg, discount 2000 VND/kg. The price of meat also kept stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef, 80,000 VND/kg for ready-made whole duck…

The price of leafy vegetables skyrocketed Similarly, in the Mekong Delta, the price of green vegetables also increased sharply. The price of collard greens was 18,000 VND/kg, an increase of 4,000 VND/kg compared to yesterday, broccoli was priced at 18,000 VND, increased by 4,000 VND/kg, water spinach was priced at 14,000 VND/kg, increased by 3000 VND/kg, and dried vegetables were 12,000 VND/kg. an increase of 2,000 VND/kg, white cabbage 15,000 VND/kg, eggplant 13,000 VND/kg up 1000 VND/kg, chickpeas 22,000 VND/kg up 2000 VND/kg, green onions 22,000 VND/kg… Prices of some fruits kept a slight downward trend. In Can Tho City and many provinces in the Mekong Delta such as Hau Giang, An Giang, Dong Thap… fragrant mangoes, four-quarter mangoes, and Taiwanese mangoes are sold in buckets by farmers to traders and fruit collectors only from 5,000-6,000 VND/kg, while mango selection of grade 1 costs 7,000-8,000 VND/kg. Mangoes are being sold in buckets by farmers to traders at around 10,000 VND/kg; Hoa Loc sand mango sells in buckets for 15,000-22,000 VND/kg. Grade 1 green-skinned pomelo costs 30,000 VND/kg, type 2 costs 25,000 VND/kg, lemon 10,000 VND/kg, jackfruit 12,000 VND/kg. Seafood prices are stable. White meat catfish costs 35,000 VND/kg, farmed snakehead fish costs 48,000 VND/kg, red tilapia costs 54,000-48,000 VND/kg, tilapia costs 28,000 VND/kg, tilapia costs 32,000 VND /kg, discount 2000 VND/kg. The price of meat also kept stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef, 2300 VND for industrial chicken eggs/egg, 2200 VND for duck eggs/egg…

Prices of many types of leafy vegetables soar Similarly, in the Mekong Delta, the price of green vegetables also increased sharply. The price of broccoli is 20,000 VND/kg, an increase of 2,000 VND/kg, broccoli is 20,000 VND, an increase of 2,000 VND/kg, water spinach is 14,000 VND/kg, 3000 VND/kg, and spinach is 12,000 VND/kg, 2,000 VND/kg. , white cabbage 15,000 dong/kg, eggplant 13,000 dong/kg, up 1000 dong/kg, chickpeas 22,000 dong/kg up 2,000 dong/kg, green onions 22,000 dong/kg… Prices of some fruits keep trending sideways. Fragrant mangoes, four-quarter mangoes, and Taiwanese mangoes are sold in buckets to traders and fruit collectors from 5,000-6,000 VND/kg, while mangoes of grade 1 are priced at 7,000-8,000 VND/kg. . Cat Chu mango costs 10,000 VND / kg, acacia mango costs 5000 VND / kg. The price of jackfruit continued to decrease to 10,000 VND/kg, down 5000 VND/kg. Seafood products prices are stable. Pangasius white meat costs 35,000 VND/kg, farmed snakehead fish costs 50,000 VND/kg, red tilapia costs 45,000-48,000 VND/kg, tilapia costs 28,000 VND/kg, tilapia costs 32,000 VND /kg, discount 2000 VND/kg. Currently, the price of live pigs has decreased by nearly 20,000 VND/kg compared to the same period last year. Live hog price in many localities in the Mekong Delta is only 70,000-71,000 VND/kg, this is also the lowest price in more than 12 months. The price of meat also remained stable at 120,000 VND/kg for pork leg, 140,000 VND/kg for bacon, 240,000 VND/kg for beef. Ready-made whole chicken costs 125,000-135,000 VND/kg, ready-made whole duck costs 77,000-82,000 VND/kg…

“This is a result of the recent significant exchange rate fluctuations between the euro and the USD. Price adjustments are made in the countries that are needed and the products are guaranteed,” said the fashion house Chanel. Chanel sells for the same price worldwide. ” The company also added that the increase in product prices is seen as an act of trying to protect its profits from the outbreak of the Covid-19 epidemic. Many brands still raised product prices during the Covid-19 translation. Photo: WWD. Prices increased depending on items such as Louis Vuitton’s Pochette bag increased 46%, while Chanel’s Classic Flap accessory increased by 20-31% by region. In addition, the best-selling designs of the brands Prada Re-Editions, Lady Dior or Gucci Jackie also have 18-25% higher prices compared to 2020. On the other hand, Hermès only increased handbag prices by 3-6% during the period of social isolation due to the Covid-19 translation. Chinese influential figure – Mr. Bags – tracked the price changes of products from season to season and shared their views with WWD that brands are not going to push prices up at the same time. “They will push up prices for select bags and the next step remains stable in the long run. Then, raise prices for a new group of bags,” he said. For example, Dior has not changed the price of a saddle bag for more than a year and the Chanel 19 only increased by 5% compared to last year. Louis Vuitton’s Multi Pochette bag grew 46% within a year. Photo: Harper’s Bazaar. By 2021, price increases will happen more often. Gucci increased the price of Neo Vintage GG Supreme and Horsebit 1955 bags by more than 15% in early March. There is a high chance that many brands will continue to increase in price this year, analysts added. However, this strategy is only a temporary solution and will have a specific limit on the number of price increases when international tourism is back to normal, and brands are required to adjust again. “In the watch sector, brands want to increase prices and continue to develop diversified goods. But when the economic booms,” said Zuzanna Pusz, head of European luxury fashion research at UBS. In the end, many companies have to reconsider their product pricing as well as the structure “. According to the sheet Vogue , the price increase is an effective way to balance brand damage. However, how much and for how long is the question that firms must think about to make the right decision, putting the interests of consumers first. In the Chinese market, consumers do not pay much attention to the story of increasing product prices. Instead, they will line up for a few days at the store before the new price is introduced. From the point of view of the nation’s people, they are not only buying a bag, but also an investment in the future. Buyers were waiting in line at Louis Vuitton’s store. Photo: Reuters.

The price of dried coconuts soars Similarly, in the Mekong Delta, the price of green vegetables also slightly decreased the price of choysum, which costs 17,000 VND / kg, a decrease of 3,000 VND / kg compared to yesterday, broccoli costs 12,000 VND, 3,000 VND / kg, cowpea 15,000 VND / kg. 3,000 VND / kg, bean price is 17,000 VND / kg, price is 2,000 VND / kg …. Prices of some fruits also tend to be sideways. The price of sand mango is 10,000 VND / kg, the price of 3-color mango is 8,000 VND / kg, a decrease of 4,000 VND / kg, a 3-color mango (a bucket) is 6,000 VND / kg, a green skin pomelo type 1 is 35,000 VND / kg. Green skin pomelo type 2 costs 25,000 VND / kg … Particularly, the price of desiccated coconuts over a month ago, the price of desiccated coconuts in many localities in the Mekong Delta continued to rise. In provinces such as Ben Tre, Tra Vinh, Vinh Long … raw material dried coconut type 1 is purchased by small traders and businesses (DN) for 100,000-110,000 VND / dozen, while the bucket purchase price is at 80,000- 90,000 VND. /dozen. Particularly, coconuts grown according to organic standards, a number of companies spend their bags and buy dried coconuts from farmers with prices up to VND 120,000 – 125,000 / dozen. The price of desiccated coconuts increases because small traders and businesses buy and process products to meet domestic consumption and export demand. From dried coconut, businesses can process a lot of products such as desiccated coconut, coconut milk, coconut milk powder, coconut oil, coconut candy, coconut jelly, canned coconut water, coconut cosmetics, just coir, activated carbon, coco peat, handicrafts … Seafood products have stable prices. The price of howling fish is from 50,000 to 55,000 VND / kg; white plaice cost 35,000 VND / kg, pangasius white meat 35,000 VND / kg, snakehead fish cost 48,000 VND / kg, Red tilapia cost 54,000 – 48,000 VND / kg, tilapia cost 28,000 VND / kg, the price of eel is 160,000 – 170,000 VND / kg, an increase of 5,000 VND / kg compared to the previous day, giant freshwater shrimp is 235,000 – 245,000 VND / kg, and frogs are priced from 50,000 to 55,000 VND / kg …

Recently, LisaBar (Lisa’s fansite in China) peeled off the mountain of gifts they sent Lisa on her birthday in March. In total, LisaBar sent 111 gifts, with a total value of about 5.4. billions dong. The most expensive item is the diamond-studded watch of the luxury brand Patek Phillippe. The outer bezel of the watch has 273 diamonds, corresponding to Lisa’s March 27 birthday. It is estimated that this model is priced from 59 thousand to 68 thousand dollars (equivalent to 1.3 to 1.6 billion dong). LisaBar also donates a lot of jewelry, clothes, shoes and cosmetics from the most popular brands. Because Lisa loves taking photos, especially fond of the expensive Leica camera series, LisaBar does not ignore this. Cameras, lenses and even camera bags were donated by fans. Not only buying jewelry and accessories, LisaBar is so attentive that she also buys furniture to make sure Lisa needs nothing, nothing missing. SMEG mini fridge, air purifier, table lamp, smart light set, bluetooth speaker … all have enough. LisaBar even sent gifts to Lisa’s mother. From bags, shoes to high-end cooking pots are carefully selected, in accordance with the preferences of the recipient. Of course, the “bosses” of Lisa’s house also received gifts. The castle for cats, toys for cats … make sure the bosses are no longer sad when Lisa is away from home. Although none of these items are too expensive, Lisa will certainly be touched.

The price of lettuce increased sharply Similarly, in the Mekong Delta, green vegetables also slightly decreased choysum price of 15,000 VND / kg, decreased by 2,000 VND / kg compared to yesterday, broccoli cost 12,000 VND, decreased 2,000 VND / kg, cowpea 13,000 VND / kg decreased 2000 price. VND / kg … Particularly, the price of lettuce has recently risen sharply, currently at 35,000 VND / kg, up 12,000 VND / kg. The price of lettuce increases due to the influence of rainy and sunny weather affecting production. Prices of some fruits also tend to be sideways. The price of sand mango is 10,000 VND / kg, the price of 3-color mango is 8,000 VND / kg, a decrease of 4,000 VND / kg, a 3-color mango (a bucket) is 6,000 VND / kg, a green skin pomelo type 1 is 35,000 VND / kg. Green skin pomelo type 2 costs 25,000 VND / kg. Particularly, the current price of lemons has fallen sharply by 11,000 VND / kg, and has decreased by 5000 VND / kg compared to before. Seafood products have stable prices. Howling fish is priced from 50,000 to 55,000 VND / kg; white plaice cost 35,000 VND / kg, pangasius white meat 35,000 VND / kg, snakehead fish cost 48,000 VND / kg, Red tilapia cost 54,000 – 48,000 VND / kg, tilapia cost 28,000 VND / kg, the price of eel is 160,000 – 170,000 VND / kg, an increase of 5,000 VND / kg compared to the previous day, giant freshwater shrimp is 235,000 – 245,000 VND / kg, and frogs are priced from 50,000 to 55,000 VND / kg …

The price of lettuce increased sharply Similarly, in the Mekong Delta, green vegetables also slightly decreased choysum price of 15,000 VND / kg, decreased by 2,000 VND / kg compared to yesterday, broccoli cost 12,000 VND, decreased 2,000 VND / kg, cowpea 13,000 VND / kg decreased 2000 price. VND / kg … Particularly, the price of lettuce has recently risen sharply, currently at 35,000 VND / kg, up 12,000 VND / kg. The price of lettuce increases due to the influence of rainy and sunny weather affecting production. Prices of some fruits also tend to be sideways. The price of sand mango is 10,000 VND / kg, the price of 3-color mango is 8,000 VND / kg, a decrease of 4,000 VND / kg, a 3-color mango (a bucket) is 6,000 VND / kg, a green skin pomelo type 1 is 35,000 VND / kg. Green skin pomelo type 2 costs 25,000 VND / kg. Particularly, the current price of lemons has fallen sharply by 11,000 VND / kg, and has decreased by 5000 VND / kg compared to before. Seafood products have stable prices. Howling fish is priced from 50,000 to 55,000 VND / kg; white plaice cost 35,000 VND / kg, pangasius white meat 35,000 VND / kg, snakehead fish cost 48,000 VND / kg, Red tilapia cost 54,000 – 48,000 VND / kg, tilapia cost 28,000 VND / kg, the price of eel is 160,000 – 170,000 VND / kg, an increase of 5,000 VND / kg compared to the previous day, giant freshwater shrimp is 235,000 – 245,000 VND / kg, and frogs are priced from 50,000 to 55,000 VND / kg …

The prices of clean meats at supermarkets are more expensive than in traditional markets, but still remain at the old prices. At traditional markets, supermarkets, food products, green vegetables and basic necessities are still plentifully sold, but according to many small traders in Hanoi, goods are consumed slower than in Vietnam. there are no cases of COVID-19 infection in the community. Purchasing power in the market decreased by 20-30% compared to before the epidemic. “Currently, Thai mango prices are still stable, delicious types are sold at 45,000 – 50,000 VND / kg, medium types from 35,000 – 40,000 VND / kg; Saigon mango prices range from 60,000 to 65,000 VND / kg. The price of imported apples has inched more. If in the past, the price was from 90,000 – 100,000 VND / kg, now it increases by 10,000 VND / kg; Delicious type is currently selling for 150,000 VND / kg. The price of Envy apple is from 180,000 to 200,000 VND / kg, an increase of 10,000 – 20,000 VND / kg compared to before ”, said Pham Thi Ngo, a fruit trader in Hang Bun street, Hanoi. According to Ms. Pham Thi Ngo, due to concerns about translation, purchasing power decreased from 30 to 40% compared to before, because people are less likely to go to the street. Number of customers buying by phone is negligible, except on the first and full moon holidays. In the hot weather, the price of oranges and tangerines increased from 5,000 to 10,000 VND / kg compared to before. Saigon orange price is 60,000 VND / kg; sweet tangerine is 70,000 VND / kg. Due to an outbreak, many restaurants and eateries were empty, so the consumption of goods was slower than before. “The necessities and food are many, but now many restaurants have to close due to the absence of customers, prolonged epidemics, so food and food are now abundant and the price is even softer”, Ms. Nguyen Thi Mai Lien – cottage said Dong Xa market, Mai Dich ward, Cau Giay, Hanoi. According to the owner of a fresh fish stall at Lo Lua “toad” market, Bach Mai street, the price of many types of fish is 5,000 to 10,000 VND / kg cheaper than before. Tilapia is currently sold for between 40,000 and 45,000 VND / kg, depending on the type; red roses 58,000 VND / kg, down 2,000 VND / kg; carp 67,000 VND / kg, down 3,000 VND / kg; carp 60,000 VND / kg. “About 1 week back, people went to the market less everyday because they bought food together for 3 days or 1 week. Normally, with fresh produce like fish, many housewives only buy goods for stock for 3 days, ”said Lien Hoa, a small trader selling fish in Lo Lua“ toad ”market. Goods are flooded at the supermarket. From the beginning of the year until now, the price of beef and pork has not fluctuated, even “cooled down”. At the traditional market of Phan Huy Chu, the price of billed beef remained at 310,000 VND / kg; beef tenderloin is 350,000 VND / kg; corn meat 350,000 VND / kg; Corn flower core from 420,000 to 620,000 VND / kg, depending on type. In some “toad” markets in Hanoi, the price of pork decreased slightly compared to before. Currently, the price of lean meat is 140,000 VND / kg, down 10,000 VND / kg compared to before; ham meat from 110,000 to 120,000 VND / kg, down 10,000 VND / kg compared to before, especially fat reduced to 15,000 VND / kg at the price of 60,000 VND / kg. Sharing with the News reporter on May 10, Ms. Vu Thi Thanh Van (housewife), Bach Mai street shared: In recent days, food prices at Trai Gang market, Bach Mai street are still as stable as before. there is no translation of COVID-19 in the community. Accordingly, the price of raw chicken feathers is 120,000 VND / kg; choysum is 10,000 VND / kg; cabbage is 8,000 VND / kg; mosquito net 5,000 VND / kg, morning glory 8,000 VND / kg… Because I am afraid of translation, I go to the streets less and buy food for the whole week. COVID-19 lasted, so commodity prices decreased, but people’s spending also reduced more “, Ms. Vu Thi Thanh Van shared. Many supermarkets apply promotional goods to stimulate demand. As noted by the reporter of News, at supermarkets such as Big C, Hapro Mart, VinMart … goods are all full on shelves, commodity prices have not increased, not to mention there are promotions. great forever for customers. Visitors to the supermarket are checked their temperature, asked to wear a mask, hand sanitizer to prevent epidemics. Representatives of distributors and markets in Hanoi all stock up twice as much in warehouses to supply the market. Fresh food, essential goods to fully serve people, there is no shortage of “fever” prices. “Hanoi has prepared a large quantity of goods, serving the local people’s anti-epidemic needs. With the amount of goods in reserve for 3 months, 17 essential goods are worth 194,000 billion VND. Hanoi also reserves an amount of goods of nearly 30,000 billion VND to be ready to support provinces and cities in neighboring areas if complicated epidemics occur “, Ms. Tran Thi Phuong Lan – Acting Director of Department of Industry and Trade Ha Cabinet said.

Along with a series of promotions, the stimulus package also includes many attractive tourist activities such as: Show “Dance on the clouds”, Festival of flowers and brocade in Sa Pa, Festival of Culture and Tourism Sa Pa in Hanoi, Carnaval itinerary to connect Lao Cai tourism with Ninh Binh – Hue – Da Nang – Hoi An, experience sports tourism in Bac Ha, experience culture and cuisine of Ha Nhi people (Bat Xat), Spiritual tour of Thuong Temple – Bao Ha Temple – Fansipan … Show “Dance in the clouds”. According to Mr. Ha Van Thang, Director of the Department of Culture – Sports and Tourism of Lao Cai province, the goal of stimulating demand is to restore the key economic sector of the locality to the influence of the Covid-19 epidemic, but the final destination is The same is a safe, friendly Lao Cai with quality services, not just the number of customers. “Lao Cai province does not expect to reach 5 million or more than 5 million visitors. We set a goal in this complicated Covid-19 situation, how to ensure the safety of visitors, to bring to the best products and maintain the tourism products of Lao Cai. Glad that Lao Cai is currently ranked 4th in the 15 most attractive destinations of Vietnam as recently announced by the Tourism Council “- Mr. Ha Van Thang said. Previously, in 2020, Lao Cai also held two major tourism stimulus campaigns in May and October, contributing to an increase of 150% in the number of tourists coming to the locality, helping many businesses and businesses to have was able to recover from the heavy losses caused by the Covid-19 epidemic. On this occasion, as soon as the stimulus package was released, many positive signals were received. Particularly, the rate of booking for the next 30/4 – 1/5 holidays has reached 100 %./.

Galaxy S20 FE to be reduced by 1.8 million dong, to 11.1 million dong. Machine has 2 youthful color options including green and blue. The device uses a 6.5-inch screen, Full HD +, a Super AMOLED panel and a screen refresh rate of 120 Hz. Image: Gadget Match . The product is equipped with Snapdragon 865 chip, 8 GB RAM and 256 GB internal memory. In addition, the Galaxy S20 FE has a 4,500 mAh battery, higher than the 4,000 mAh figure on the Galaxy S20. The system’s 3 rear cameras include 12 MP, 12 MP and 8 MP. Photo: Tech Advisor. Xiaomi Mi 11 are being sold for 17.7 million dong, down 700,000 dong from the previous month. This is the most advanced smartphone of Xiaomi in the Vietnamese market. It is equipped with Snapdragon 888 chip, 8 GB RAM standard LPDDR5 and 256 GB internal memory. This model uses 6.81 inch screen, 2K resolution, AMOLED panel, 120 Hz refresh rate and 480 Hz touch sampling. The display on Mi 11 is A + rated by DisplayMate. The maximum brightness of the device is about 1,500 nits higher than the 1,200 nits on the iPhone 12 Pro Max. Vivo Y72 5G to be reduced by 800,000 VND, to 7.2 million VND. This is Vivo’s cheapest smartphone with a 5G network connection. The machine uses MediaTek Dimensity 700 chip, 8 GB RAM and 128 GB internal memory. Image: Revu . Products with 6.58 inch screen, Full HD + resolution. The minus point on this device comes from the quite old U-shaped screen instead of punching holes like many smartphones of the same price range today. The rear camera system of the product includes 64 MP, 8 MP and 2 MP. Camera features eye focus and super night mode. Photo: Archyde. Realme 7 also reduced by 700,000 VND, to 5.6 million VND. The product has a 6.5-inch screen, an IPS LCD panel, Full HD + resolution and a refresh rate of 90 Hz. The configuration of the machine includes MediaTek Helio G95 chip, 8 GB RAM and 128 GB internal memory. This model owns a 5,000 mAh battery, 30 W fast charging. Oppo A15s reduced 500,000 VND, to 3.5 million VND. This is Oppo’s new low-cost smartphone. The machine has a slim and light design. Products using MediaTek Helio P35 chip, 4 GB RAM and 64 GB internal memory.