Production drops slightly A lack of material slows down industry

As of: June 8th, 2021 12:32 p.m.

It sounds paradoxical: the order books are full, but production in German industry fell in April. The main reason is the supply bottlenecks for intermediate products such as semiconductors or lumber. In April, industrial production in the German economy fell by one percent compared to March, according to the Federal Ministry of Economics. That is significantly worse than experts had forecast, after a plus of 2.2 percent had been recorded in the previous month. The reason for the decline is the lack of intermediate products such as, which has been widely discussed for a long time Semiconductors or Lumber , which the companies from industry, construction and troubles the energy suppliers.

“A slight disappointment”

The sectors are affected differently by this development. Industrial emissions fell by 0.7 percent. The construction industry recorded a significant minus of 4.3 percent. Energy generation, on the other hand, increased by six percent compared to the previous month. Within the industry, the weighty area of ​​motor vehicles / motor vehicle parts recorded a significant decline of 5.6 percent in a two-month comparison, according to the press release. The comparably weighty mechanical engineering sector, on the other hand, was only slightly below the previous level at minus 0.3 percent. “In view of the high order backlog, that is a slight disappointment,” commented LBBW economist Jens-Oliver Niklasch on the current economic data. This is also how his colleague Alexander Krüger from Bankhaus Lampe sees it: “It is paradoxical: Despite the magnificent order situation, production is not getting underway. Once again it is clear that the industry is still affected by indirect pandemic pressure. Longer delivery times and material bottlenecks are actually signs a boom that is currently not at all. ”

“Material shortage has a full impact”

Thomas Gitzel, chief economist at VP Bank, is of the opinion that the shortage of materials is now having an impact: “Such a constellation is unparalleled. The industry’s order books are well filled and production is giving way.” Nils Jannsen, Head of Business for Germany at the Kiel Institute for the World Economy (IfW Kiel), also sees the delivery bottlenecks as a major problem, as the companies have not been able to fully process the high incoming orders for several months. “In April, the proportion of companies in the manufacturing sector that reported production disruptions due to a lack of preliminary work was at a record level of more than 40 percent,” said the expert. In addition to the shortage of manufactured intermediate goods, Jannsen also observes transport bottlenecks in shipping. For Andreas Scheuerle, an expert at Dekabank, another aspect is also effective: “Delivery bottlenecks certainly hampered production in April. But they alone do not explain the lower industrial production. Another part of the picture is that the infection situation in Germany is continuing tightened the easing of March again. ”

Production expectations are falling

How could it go on in the future? Apparently, there is a certain skepticism among companies: The production expectations of the industry deteriorated in May after a 30-year high had only been reached in the previous month. The corresponding ifo indicator fell by five to 27 points, as the Ifo Institute announced in its monthly survey of companies. “The picture of production expectations in the individual sectors is very different,” said Ifo expert Klaus Wohlrabe. “The auto industry and its suppliers are significantly lowering their expectations, but continue to expect production increases.” The clothing manufacturers, on the other hand, report for the first time after nine months that they want to expand their production. “Additional boost” The economist Scheuerle emphasizes that the order cushion increased again in April, because orders would develop more strongly than production: “This record high order backlog will secure the recovery in the second half of the year as soon as the bottlenecks ease again.” According to ifw specialist Jannsen, it is currently difficult to predict how long the production disruptions will continue. They would presumably only fade gradually and initially put a brake on the recovery in industry. “As soon as these impairments have been overcome, companies will work off the backlog of orders quickly and industrial production will receive an additional boost.”

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.

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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…

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 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…

Remember when I was a kid, remember the first time my mother taught me and my sisters how to make a fire to cook rice. In the countryside that day, starting a fire was very simple, just a little dry straw, a piece of rubber band or a little bagasse is enough. Firewood is collected around the house, stacked and interwoven, leaving a space for the fire to enter; There are times when lighting the fire first and then arranging the firewood around. The fire burned, my sisters and I happily clapped their hands in excitement. Small round eyes looked curiously at the burning sticks. The gray-white smoke followed the slits of the tree trunks flying in all directions, piercing the eyes and noses of the children who were staring at them, stinging. Yet we were still laughing and joking, using our hands to “slash” the smoke like real warriors. I remember the most days when it was raining, when the firewood was wet, my sisters and I blew the stove and coughed because of the smoke. Or on summer days, when the southwest wind blows strongly, the fire is blown to one side by the wind, the rice cooker on the stove has a ripe day. For a long time we were attached to the wood stove, with the smell of kitchen smoke. When I remember those days when I was a child, my heart feels happy again… The strong aroma of the kitchen smoke lingers here and there. From the small kitchen, that smoke followed the wind up to the dark thatched roof, crept through each wall of earth, ran to the back of the house, and flew straight to the sky with many unique shapes. In our imagination, it is sometimes a flying dragon, sometimes a leaf in the wind, or a rope stretching up to the blue clouds… There are afternoons we are busy chasing in the fields, the smell of smoke The kitchen mixed with the aroma of food made us children stop, inhale, and then hug our hungry stomachs and run straight home. In the minds of the children, the smoke from the kitchen was rising and it was time for lunch. Grilled dishes in charcoal are always attractive to any child, are the favorite dishes of children in the countryside, and arouse curiosity for children in the city today. Sometimes it’s just a hastily dug sweet potato in the garden or a cashew nut that has just been picked from the tree, immediately put in the embers on the stove, buried in the gray ash and wait. The faint aroma follows the smoke into each cell, evoking each sense, making people irresistible. Hold the potato and just poke it out from the coal stove, blow it and eat it, hot and fragrant. Memories of a small day suddenly came back so clearly and warmly. For those who grew up in the countryside, the fire is also a place of peace and a place to return to. My mother often said: “On the first day of the year, what can be forgotten, but must not forget to light a fire to warm the house, it will bring good things to us”. And that was also the first thing my father did on New Year’s Day, no matter how many years passed. My sister and I sat around the fire with our hands warmed. The strong scent of kitchen smoke wrapped us again, interspersed with children’s stories. That lovely image keeps reminding me… In modern life, the wood stove, coal stove has gradually been replaced by gas stove, electric stove. The corner of the kitchen is also clean now, no longer black on the walls, and no soot flying around. I was also reeling in society, seeming to have forgotten the smell of smoke rising from the branches of the trees. Suddenly I realized how long I had rushed through the best memories. I am grateful and grateful for the habit of cooking water every morning with my parents’ dear wood stove so that today, I can smell the smoke from the kitchen. Even though my eyes sting because of the smoke, I still feel as happy as celebrating. Apparently, it’s been a long time since I’ve had time for myself, with my mother, back to the peaceful countryside that raised me up. And to return to my childhood days with the light, fragrant smoke in the morning… MAKEUP

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…

No matter how noisy Hanoi, there are moments of strangely quiet silence. I still like to sit in the coffee shop in the morning under the old almond tree at the top of the alley, relax, while remembering the past. The day she was still alive, she stayed here, in the afternoon she set up a chair on the porch, she used to joke around with the children who did not study, but later on she just went to get the almond leaf to sell the breakfast. I do not know if it was because of her statement that the children in the neighborhood later became successful. Although most of them have gone away, they have come together for a long time to return to their old cramped house. Fortunately, there is now a cafe at the top of the lane. That mossy street corner is like a place to keep memories, memories, a place where people talk, review old stories, to remember, to love, to live, to go, and to find back. So, although it was annoying because the roads were always crowded with people and cars, we were always looking for a way to return. When you wake up early in the morning, stand on the balcony that is a hundred years old and look down the street, feel very peaceful and quiet. My friend said, I don’t understand why the urbanization speed of Hanoi is so fast, but right on the most central street of Hanoi, Dinh Tien Hoang street, the section bordering Hoan Kiem Lake, still has a moss-roofed house. . Are there still pretty little cafes in the flowery French villas in the heart of the old town? The answer, because that is Hanoi. Being a place too much love, where you go, you still can’t forget the scent of jade on the windy roads. Hanoi, a place containing so much awkward love from the beginning. And love it, from the bottom.

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Prices of fruits and vegetables continue to decrease slightly The quantity of vegetables and fruits to Thu Duc agricultural wholesale market has increased from 2200 tons per day to 2900 tons per day in order to meet the consumption demand of ordinary people again after a long holiday. Similarly, in the Mekong Delta, choysum costs 19,000 VND / kg, down 2,000 VND / kg compared to yesterday, broccoli costs 12,000 VND / kg, cowpea 15,000 VND / kg, decreases 2,000 VND / kg, beans 18,000 VND / kg. VND / kg decreased by 2000 VND / kg, tomatoes cost 18,000 VND / kg, increased 3,000 VND / kg … Prices of some fruits also tend to be sideways. The price of sand mango is 10,000 VND / kg, 3-color mango of type 1 is 8000 VND / kg, down 4,000 VND / kg, 3-color mango (bucket type) is 6,000 VND / kg. The price of green skin pomelo has decreased slightly, type 1 is 22,000 VND / kg, increased by 2,000 VND / kg, Green skin pomelo price of type 2 is 15,000 VND / kg equal to the price in the previous days. 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 …

Green skin pomelo prices increased sharply Similarly, in the Mekong Delta, the price of green vegetables also increased slightly with choysum priced at 21,000 VND / kg, increasing by 2,000 VND / kg compared to yesterday, broccoli was 14,000 VND, increased by 2,000 VND / kg, and cowpea was 17,000 VND / kg, increased by 2,000 VND. / kg, beans price 20,000 VND / kg increase 2000 VND / kg, tomatoes price 20,000 VND / kg increase 2,000 VND / kg … Prices of some fruits also tend to be sideways. The price of sand mango is 10,000 VND / kg, 3-color mango of type 1 is 8000 VND / kg, down 4,000 VND / kg, 3-color mango (bucket type) is 6,000 VND / kg. Particularly, the price of green skin pomelo has increased sharply, type 1 has a price of 35,000 VND / kg, an increase of 10,000 VND / kg, a price of green skin pomelo has a price of 25,000 VND / kg, an increase of 8,000 VND / kg. The price of green skin pomelo increased due to a decrease in supply and an increase in consumption. At this time, the amount of pomelos to harvest in many localities in the Mekong Delta is not much because farmers have sold them in the previous months to nourish their trees to prepare for the end of year harvest. 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 …

The price of scallions increased sharply Similarly, in the Mekong Delta, choysum price is 10,000 VND / kg, down 3,000 VND / kg, broccoli costs 10,000 VND / kg, decreases 2,000 VND / kg, cowpea is 10,000 VND / kg, decreased 2,000 VND / kg … In recent days, green onion prices have increased sharply after a period of falling prices. Currently, leaves are purchased by traders at the price of 16,000-17,000 VND / kg, an increase of about 2,000-3,000 VND / kg compared to the previous month. The price of green onions increased because the demand for green vegetables in the market tended to increase strongly, so the supply was not enough. Along with that, due to prolonged heat and abnormal rain, many green onion areas are infected with pests and diseases, reducing productivity … The prices of some fruits also continued to tended to decrease slightly today 24/4, the price of sand cycle was 10,000 VND / kg, down 1000 VND / kg, 3 color mango type 1 cost 8000 VND / kg, down 4000 VND. VND / kg, 3-color mango (bucket type) is priced at 6,000 VND / kg. The price of green skin pomelo with a slight decrease of type 1 is VND 20,000 / kg, down by VND 2,000 / kg, and green skin pomelo type 2 is VND 15,000 / kg … Seafood products have stable prices. The price of howling fish is from 50,000 to 55,000 VND / kg; white plaice 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, eel prices 160,000 – 170,000 VND / kg an increase of 5000 VND / kg compared to the previous day, giant freshwater shrimp is priced at 235,000- 245,000 VND / kg …

In Germany, business sentiment improved slightly in April, but the data from the Ifo Business Climate is not a real step forward: the index rose by 0.2 points compared to the previous month to 96.8 points, according to the Munich institute. After all, this is the highest value since June 2019. However, experts had expected a stronger increase to an average of 97.8 points. Nevertheless, the third rise in the leading indicator in a row is usually interpreted by economists as an economic turning point. The data also shows that the companies rated their current business situation better. The prospect of the coming six months, however, has clouded over.

Ifo Business Climate Index April 2021

The effect of the third wave

“The third wave of infections and bottlenecks in preliminary products are dampening the recovery of the German economy,” commented Ifo President Clemens Fuest. As in the past few weeks, the results vary depending on the sector. Things are still going very well for the industry, but optimistic expectations have been dampened. “45 percent of the companies reported bottlenecks in preliminary products – that is the highest figure since 1991,” emphasized Fuest. In manufacturing, however, the business climate improved to its highest level since May 2018. Capacity utilization increased significantly to 86.2 percent and is thus above the long-term average for the first time in almost two years. The industry is booming, but the bottlenecks in intermediate products such as semiconductors are the downside, said Ifo economic expert Klaus Wohlrabe. There is sand in the gears when it comes to procurement, across almost all industries.

Service sector worries

In the service sector, the mood clouded over again somewhat. The companies were less satisfied with their current situation. “Even the optimism that had recently emerged has disappeared again.” While the logistics sector is benefiting from the upswing in industry, the hospitality and tourism sectors in particular suffered from the lockdown. In the retail sector, the business climate picked up slightly – not least because of the better location at car dealerships, for example. With a view to the coming months, however, pessimism has noticeably increased again. According to the Ifo, the mood among companies also deteriorated in the construction industry.

Bottlenecks and delivery problems

“The catching-up process is stalling a bit,” commented Jens-Oliver Niklasch, economist at LBBW. Probably this has to do with the uncertain development of the pandemic and the response of politics to it – keyword “Easter rest”. Michael Holstein, chief economist at DZ Bank, said the current survey shows that the export-driven boom in German industry is continuing. “Due to the global demand for industrial goods, the bottleneck is noticeable in important intermediate products such as memory chips. It could take months to overcome the delivery problems, which is why the outlook is somewhat gloomy.” “The recovery should only gain real momentum when the lockdown is noticeably relaxed, which we expect from the end of May,” commented Jörg Kramer, chief economist at Commerzbank. Then consumers would probably dissolve part of the forced savings, which, according to our estimates, now amount to seven percent of their annual income.

Dragon fruit prices are currently at a high level Similarly, in the Mekong Delta, the price of choysum has a price of 13,000 VND / kg, an increase of 3,000 VND / kg, a broccoli has a price of 12,000 VND / kg, an increase of 2,000 VND / kg, a cowpea 12,000 VND / kg, an increase of 2,000 VND / kg … The prices of some fruits also continued to have a strong downward trend today, April 25, the price of sandy rice was 8,000 VND / kg, down 2,000 VND / kg, 3-color mango of grade 1 was 8,000 VND / kg, down 4,000 VND. VND / kg, 3-color mango (bucket type) is priced at 6,000 VND / kg. The price of green skin grapefruit has a slight decrease in grade 1, with a price of 20,000 VND / kg, a decrease of 2,000 VND / kg, a price of green skin pomelo with a price of 15,000 VND / kg … Particularly, the price of dragon fruit is tending to increase again. At garden houses in Tien Giang and Long An, the price of red flesh dragon fruit traders are buying for about 20,000 VND / kg, depending on the type and location near and far, is 3 to 4 times higher than the previous time. month. Due to the high price of dragon fruits, farmers have a stable income source, contributing to sustainable economic and social development. Seafood products have stable prices. Howling fish prices are from 50,000 to 55,000 VND / kg; white plaice 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, eel prices 160,000 – 170,000 VND / kg an increase of 5000 VND / kg compared to the previous day, giant freshwater shrimp is priced at 235,000- 245,000 VND / kg …

Poultry market price increases. The price of animal feed increases Similarly, in the Mekong Delta, choysum has a price of 12,000 VND / kg, a decrease of 2,000 VND / kg, a cowpea 13,000 VND / kg, a slight decrease of 1000 VND / kg, a spinach 16,000 VND / kg, a decrease of 1,000 VND / kg, a cucumber 16,000 VND / kg. kg, tomatoes 8,000 VND / kg, discount 1000 VND / kg, bok choy 12,000 VND / kg, eggplant 21,000 VND / kg … Some types of fruit keep the price of mango, 12,000 VND / kg, 3-color mango 11,000 VND / kg, 3-color mango (bucket type) 6,000 VND / kg. Green skin pomelo prices drop sharply type 1 at 25,000 VND / kg, green skin pomelo type 2 costs 15,000 VND / kg … Seafood products have stable prices. Howling fish is priced from 50,000 to 55,000 VND / kg; white plaice 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, eel prices 160,000 – 170,000 VND / kg an increase of 5000 VND / kg compared to the previous day, giant freshwater shrimp is priced at 235,000- 245,000 VND / kg … The price of lean pork is from 140.00 – 150,000 VND / kg, the price of ham is 120,000 – 130,000 VND / kg, the price of beef is 220,000 – 240,000 VND / kg, the price of industrial chicken eggs is 2,200 – 2,400 VND / egg. Particularly, the price of live chickens has increased sharply, the price of live chickens has increased from 85,000 to 90,000 VND / kg, an increase of 5,000 VND / kg, the price of live chicken (industrial chicken) has a price of 60,000 – 65,000 VND / kg, an increase of 5,000 VND / kg. According to the livestock households, the prices of livestock and poultry feed products will start to increase sharply from the last months of 2020 up to now, with many consecutive increases, an average of each increase from 5,000 VND. up to 10,000 VND / 25 kg bag has increased the cost of meat products for cattle and poultry.

Pha Lai Thermal Power: Q1 profit slightly increased to VND138 billion despite a 51% decline in revenue.

Revenue in the first quarter of Pha Lai Thermal Power reached more than VND 1,078 billion, down 51% compared to the same period in 2020. Subtracting more than VND 1,048 billion of COGS, Pha Lai Thermal Power earned only nearly 30 billion VND of gross profit, while the first quarter of 2020 recorded more than 168 billion dong.

Pha Lai Thermal Power’s gross profit margin fell sharply to 2.77%, 4.77 percentage points difference over the same period in 2020.

The Pha Lai Thermal Power side said that the power output produced in the first quarter of the year reached 849.66 million kWh, 891 million kWh lower than in the first quarter of 2020, making low revenue from electricity sales and profit from power generation. also affected decrease.

Notably, the company’s financial activities recorded a sudden increase in revenue to more than 119 billion dong, nearly 5.8 times higher than the first quarter financial revenue of 2020. Thanks to that, the profit earned from this activity is also 5 times higher than the same period to over 97 billion dong.

According to Pha Lai Thermal Power, in the first 3 months of 2021, this company has received 97 billion dong of dividend from Hai Phong Thermal Power Joint Stock Company. It is known that Hai Phong Thermal Power in the first quarter has paid 2 dividends in 2020 to shareholders with a total rate of 10%.

This company also plans to submit to the annual shareholders’ meeting in 2021 to pay additional dividends in 2020 at the rate of 14.25%, increasing the total profit distribution rate in 2020 to 24.25%. If the shareholder meeting of Hai Phong Thermal Power approves this content, in the coming time, Pha Lai Thermal Power will continue to record positive signals from financial activities.

Closing the first quarter, Pha Lai Thermal Power reached VND 138 billion in profit after tax, a slight increase of 2% over the same period in 2020.

In 2021, Pha Lai Thermal Power Board plans to submit to the AGM a business plan going backwards with revenue down 32%, pre-tax profit down 66%, standing at VND 5,658 billion and VND 415 billion respectively.

Dividend rate in 2020 submitted to the meeting is 59%, of which the company has paid in advance 481 billion dong, equivalent to 15%.

With the results achieved in the first quarter, Pha Lai Thermal Power has completed 19% of the revenue plan and more than 35% of the profit plan.

As of March 31, 2021, the company’s total assets reached more than VND 6,715 billion, down 7% compared to the end of 2020. In which, cash and cash equivalents decreased sharply by more than 66% to 92 billion VND. . Short-term receivables from customers also decreased by 35% to more than 975 billion.

Total liabilities at the end of the first quarter of 2021 reached VND 478 billion, a decrease of over 36% compared to the end of 2020, of which the decrease was mainly in short-term payables to sellers.