Owner of public transport application BusMap becomes a member of Phenikaa Phenikaa Group has just announced a strategic investment worth 1.5 million USD, equivalent to more than 34 billion VND, in BusMap Joint Stock Company – the owner of the BusMap public transport application. With the investment and patronage of Phenikaa Group on people, systems and technology, BusMap Joint Stock Company officially became a member unit of Phenikaa Group and was renamed Phenikaa Technology Joint Stock Company. MaaS (referred to as Phenikaa MaaS) BusMap is a technology startup of a group of young technicians, led by General Director Le Yen Thanh. Since 2013, the company aims to develop a free public transport application for passengers using city buses, helping people optimize their travel journey. The application is built on the core technology of digital maps, integrated with artificial intelligence, allowing users to find the shortest travel plan with the lowest cost and time. After 7 years, BusMap has more than 2 million users, made more than 50 million trips. Sharing about this investment decision, Phenikaa Group’s representative said that it is always looking for and developing young talents, sponsoring initiatives, research and development projects for new technologies, technological innovation and startups. breakthrough, positive influence, bringing practical benefits to the community. “Phenikaa MaaS will consider the BusMap application as the core technology, the foundation for developing “personalized” applications according to the needs of each user to solve a variety of problems in life and manufacturing business. From there, Phenikaa MaaS can expand transportation products and services for businesses, organizations and communities,” said a representative of Phenikaa Group about the long-term development orientation for the unit. this new member. Phenikaa is the parent company owning 81.63% of capital Vicostone – an artificial quartz stone business listed on the HNX with a market capitalization of VND 16,864 billion. In addition to Vicostone, Phenikaa is a multi-industry economic group operating in the fields of technology; industry; scientific research; education and training. Becoming a member unit of Phenikaa Group and a part of Phenikaa Ecosystem, Phenikaa MaaS aims to expand the target customer base, not only encapsulating the inner city bus transportation service industry, but also It also expands to other areas of the public transport industry such as trains, trams, waterways, etc., thereby, strongly promoting the comprehensive digital transformation in the field of smart transportation.

Gold Information:

On Monday (June 14), the US dollar index changed little, and investors turned to the Fed’s policy decision to be announced on Wednesday, which may reveal clues as to when the Fed will reduce its asset purchases. The price of gold fell on Monday. Spot gold fell as much as 1.7% at one point, setting a four-week low to $1,84.95 per ounce. Some investors worried that the Fed might outline the path to shrinking its expansionary monetary policy at its two-day meeting this week; However, in late trading, the price of gold rebounded by more than US$20 from the day’s low and rebounded to around US$1866. Some analysts predict that if Fed Chairman Powell maintains the view that inflation is only “temporary” and does not withdraw monetary stimulus, gold prices should be able to regain lost ground. Phillip Streble, chief market strategist at Blue Line Futures, said investors may have taken some gold positions before the Fed’s policy meeting that began on Tuesday. The Fed may hint that they will begin to shrink, which should put pressure on gold. He added that the Fed is already “withdrawing” liquidity from the system, which should also put pressure on gold. He was referring to the surge in the size of the Fed’s reverse repurchase operations last week. Friends who are interested in gold and crude oil investment but have no way of starting or are already in contact but are not ideal, pay attention to Artemisia mongolica to “adopt the situation” to obtain the latest financial information, daily market trend analysis, real-time trading strategy and medium and long-term layout.

Spot Gold·London Gold Market Analysis

From the perspective of the weekly line, the weekly line closes the small Yin line and is currently operating near and above the short-term line. The 5-week and 10-week moving averages are still moving upwards. The medium-term line is chaotic and directionless. MACD is moving upwards, KDJ is glued, and the indicators have no obvious direction. . The weekly rebounded from around 1676 to the highest around 1917, breaking through the downward trend line pressure. The weekly closed the two-week small Yinxian, but the resistance was not obvious. It is still possible to continue to fluctuate above the 10-week moving average and pull up to a new high. In the future To turn short in the mid-term, you need to break below the stable 10-week moving average, and the short-term line is glued, so that it can really turn to the short, otherwise it will oscillate in the high range, and may even pull up to a new high. From the perspective of the daily line, the gold daily line closes the Yin line and is currently running above the lower rail. The 5-day and 10-day moving averages are running downwards, the mid-term line is running upwards, MACD is running downwards, and KDJ is running downwards. The indicators are bearish. Gold dived again on Monday, falling from above 1877.89 to near 1844.2, closing at US$1865.8 per ounce. Obviously closed, the daily line looks like short-term shocks and bearishness, but if it fails to break through the 1855-1917 range, it will not go out of the general direction. In the end, it will fall below the 1855 line and close the line to confirm whether it is really empty in the future. It is necessary to break the daily high of this year to further open up the upper space. In summary, today’s short-term operation Jiang Xian suggested rebounding from the high altitude as the main, and the callback is supplemented by the low and more callbacks. The top pays attention to the first-line resistance of 1883-1888, the bottom pays attention to the first-line support of 1855-1850, and then the 1840 support level.

Crude oil information:

Oil prices rose slightly in the late trading session, hitting a high in more than two years earlier in the session. The increase in US crude oil production and the delay in restarting in the UK reduced expectations for fuel demand growth and tight supply. According to a forecast by the U.S. Energy Information Administration (EIA), shale oil production, which accounts for more than two-thirds of total U.S. production, is expected to increase by approximately 38,000 barrels per day to approximately 7.8 million barrels per day in July. The market reacted negatively to this. Phil Flynn, a senior analyst at Price Futures Group, said that the opening performance was strong. Given the high vaccination rate, the demand situation is expected to accumulate momentum. Subsequently, the EIA report caused the momentum to fade. Brent crude oil futures touched US$73.64 per barrel earlier, the highest since April 2019; US crude oil futures touched US$71.78 per barrel earlier, the highest since October 2018. The International Energy Agency (IEA) said on Friday that global demand is expected to return to pre-pandemic levels by the end of 2022, faster than previously expected. The IEA urges the OPEC+ alliance formed by the Organization of Petroleum Exporting Countries (OPEC) and its allies to increase production to meet demand. Motor vehicle traffic in most parts of North America and Europe is returning to pre-pandemic levels, and as blockades and other restrictions are relaxed, the number of flights on board has also increased. However, later on Monday, the UK postponed plans to cancel most of the remaining restrictions for one month, due to the rapid spread of the more contagious Delta variant virus.

Futures crude oil · U.S. crude oil market analysis

From the weekly perspective, oil prices closed for 3 consecutive weeks. The K-line is in a long position. Oil prices will continue to rise. According to the current turbulent trend, oil prices will not accelerate and it will be difficult to pull back. Therefore, we will continue to move upwards this week. Still relying on MA5 to show a bullish upward trend, below can focus on the 69.3 support. US crude oil opened at the 70.728 line on Monday. After the opening, the oil price saw a shock increase, and the highest was given to the 71.664 line. The daily line included a big Yang line, the high price broke the previous high, the low price did not Breaking the previous low, there was a bullish trend. The moving average system was arranged by bulls, running below the oil price to form a support. The oil price broke the previous resistance at 66.8 and continued to rise. The overall performance is in a bullish trend. From the 4-hour level, the Bollinger Bands are opening upwards, oil prices are running on the upper middle track, and the long moving averages are arranged, running below the oil price to form support. The lower support focuses on the opening level of this week, and then the moving average horizontal support. To sum up, Jiang Xian recommends that the operation is mainly low and low, and rebound is supplemented by high altitude. At the top, focus on the 72.0-72.5 first-line resistance, and the bottom support will focus on the 69.3-68.8 first-line support.

This article is contributed by Jiang Xian. I interpret world economic news, analyze global investment trends, and have in-depth research on crude oil, gold, silver, and other commodities. Due to the delay of online push, the above content is personal advice, and online postings are time-limited. Sexual, for reference only, at your own risk, please indicate the source for reprinting.

It was a special era. The Japanese invaded and the national crisis was at the forefront. Under such a background, Lin Nansheng (Zhu Yilong), who was not deeply involved in the world, was engulfed into the stage of spy war in Shanghai with his passion. His integrity and simplicity have been repeatedly impacted by the complexity of human nature.

From this, the story is unfolded.

In previous spy war dramas, guessing undercover is a stinky and long fixed link, and guess the finale from the first episode. I remember who the Little Red Coat is in “New World”, which tortured me for 70 episodes.

But “The Rebel” is not this familiar way of opening. In this show, the audience becomes a “God perspective”. All the key suspense is clear to their hearts. They are kept in the dark when watching the show. Anxious.

This time an anti-routine attempt was undoubtedly a success. On the first day of the broadcast, its real-time ratings exceeded 1, and it won the crown. Douban’s high scores are everywhere.

The excellence of “The Rebel” is also reflected in the expression of female power, which is rarely seen in the themes of the Republic of China.

Zhu Yizhen, played by Tong Yao, is an excellent underground party liaison of the CCP. She is brave and witty when performing tasks, and is not surprised at all. Although she has favorable living conditions, she wants to take care of others more than being taken care of.

“I am an independent individual. I belong to myself. I can do many things that men do for the country. I sing women and men equally.”

She believes that equality between men and women is not treated specially for gender reasons, but that women can also contribute the same or even more efforts to the future of men for the country, for their compatriots, and for the future of more people.

In the age when the woman was chosen to be watched and her thoughts were confined, she would take the initiative to invite the teacher to dance and tell her father straightforwardly, “I like him.”

When she talks about ideals and ambitions and expresses her opinions confidently, she is the most fascinating.

So some people said, “After watching ten episodes of “The Rebel”, I just want to shout: The handsome Lin Nansheng belongs to you, and the one above me is a beautiful woman like Zhu Yizhen!”

In the play, Tong Yao wears thick and long braids and a simple and elegant dress from the Republic of China. Zhu Yizhen’s stubborn temperament makes Zhu Yizhen’s role three-dimensional.

At that time, female students represented the new women of the era when female consciousness was awakened, so this style was very popular. Young ladies in the society often custom-made similar styles of dresses and dresses in western clothing stores.

In addition to Tong Yao, another outstanding female character in “The Rebel” is Lan Xinjie, played by Zhu Zhu.

Against the perilous background, she relied on a sense of high EQ to wander among the various forces, but she was always able to stick to her bottom line and the righteousness of her family and country, with a degree of advancement and retreat, and a transparent passage.

She appeared on the stage as a glamorous image with a red dress + stiletto heels. With her own light, she shuttled among the crowd and naturally attracted Lin Nansheng’s attention.

She taught Lin Nansheng to dance, telling him not to be too rigid, not to cater to, and to be who he is.

The appearance of Zhu Zhu made the scenes feel more chronological wherever he went. The makeup that fits the character’s identity and the elaborate props make it reasonable to appear on her.

From the delicate hair to the toes, she wore a cheongsam, swaying.

Zhu Zhu’s figure is a thin but plump body. The skinny areas are thin, and the plump areas have meat. She puts on a close-fitting cheongsam and immediately shows her body curve.

Zhu Zhu’s appearance is a glamorous thick face, but this time the makeup has increased the eyebrows and eyebrows, the brow waist is in the shape of a curved meniscus, the eyeliner is thin, and the rich lips are filled with red, smile The two little pears at the corners of her mouth made her cold and sweet.

But her beauty lies not only in her appearance, but also in her inner feelings of family and country and self-transparency. She walks in the mixed vanity fair but still has her own innocent side, which is worthy of a sober life.

In short, it is a great drama that is pleasing to the eye. Friends of the drama, please keep up.

Image Source

Sina Weibo/ Douban

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UEFA sponsorship Azerbaijan relies on a new strategy

Status: 12.06.2021 12:17 p.m. Azerbaijan’s capital Baku is a venue for the European Football Championship. State-owned oil company SOCAR has been a UEFA sponsor since 2013, but recently it dropped out. It’s part of a new strategy. From Silvia Stöber, tagesschau.de Azerbaijan’s capital, Baku, shows itself from its brilliant side: three group matches and the quarter-finals of the European Football Championship will be played in the national stadium, which was opened in 2015. The state-owned energy company SOCAR signed on as a sponsor eight years ago for 90 million euros. However, its logo has recently been missing from the UEFA website. When asked by German media such as “11Freunde”, the European Football Association only confirmed the departure of SOCAR. There are several reasons to part with the oil company: The involvement in sport should distract from the human rights violations of the leadership in Baku, which has critics of the authoritarian and corrupt government persecuted and imprisoned – is one charge, another: Propaganda against the enemy neighbor during the war in autumn, with SOCAR mainly sharing tweets from the Azerbaijani leadership.

06/11/2021

New business strategy

However, according to news on Azerbaijani websites, the initiative to break up did not come from UEFA. Accordingly, SOCAR decided to end the sponsorship. At the end of May, the financial news portal fins.az quoted the deputy head of the public relations and event organization department of SOCAR, Ibrahin Ahmedov, saying that the company had changed its business strategy. For those projects that no longer fit, the expenses would be reduced. This also includes the extension of the partnership with UEFA. The press organ “iki sahil” explained that SOCAR decided in 2019 to rethink its old business strategy. With the management consultancy McKinsey, a new one has been developed for the period up to 2035, which takes into account the transformation of the global economy, the fourth industrial revolution and the energy transition.

02/09/2020

Questions about the political benefit

In fact, the question arises how profitable the costly sponsorship as well as the Hosting sports and cultural events for Azerbaijan were. The country has become better known around the world since it hosted the “Eurovision Song Contest” in 2012 and sports events such as Formula 1 in Baku every year since 2016. But sports and cultural events were always associated with reports on authoritarian governance, corruption and the human rights situation. This was ensured by national and international actors from civil society, the media and politics.

06/12/2015

In Azerbaijan, hoped for political support for the forcible recapture of areas under the control of enemy neighbors Armenia was limited to a few countries such as its close ally Turkey. Whose President Recep Tayyip Erdogan will not only use the European Football Championship to play in the group game between Turkey and Wales in Baku. He will also be in that during the war in autumn conquered city of Shusha travel.

analysis 01/10/2020

Heralded the post-oil era

Apart from that, SOCAR’s withdrawal from sponsorship shows the adaptability of the leadership around President Ilham Aliyev, who succeeded his father Gaidar in office in 2003. The often underestimated president succeeded in asserting himself against competitors and old power structures. To this end, he appointed his wife Mehriban Aliyeva as his deputy in 2017. She comes from a business family from Baku that has a corporate empire with Pasha Holding, but is considered more modern than the conventional oligarchs.

March 13, 2021

Modernization was the Aliyev’s response to severe crises that befell the country from 2014 onwards. At that time, oil prices fell massively for the first time. Azerbaijan experienced the first recession since 1995, the central bank had to devalue the national currency sharply. Despite the repression, the population’s displeasure over falling incomes was expressed in protests. In previous years, experts had warned of the dry up of energy sources on land. Extracting oil and gas from the Caspian Sea is more complex and expensive. At the World Economic Forum in Davos in 2018, Aliyev said: “When we saw a significant drop in oil prices, I said the post-oil era had already begun for us in Azerbaijan. We should forget about oil and gas.” He made the diversification of the economy the main objective. The main sources of income should be innovative technologies, entrepreneurship and agriculture.

Digital and green technologies

In fact, Aliyev filled senior posts with young technocrats. you de-bureaucratised and digitized the administration – to the delight of the citizens, who can now receive services from the state without bribery. Foreign companies should be able to invest more easily in special economic zones.

04/11/2018

Aliyev drew up ambitious plans for the areas recaptured during the war with the use and development of digital and green technologies. The British company Chapman Taylor received the contract for the town planning from Schuscha, who had previously carried out construction projects for Pasha Holding. Turkish companies, some with ties to Erdogan, take on infrastructure and mining projects.

Elite corruption remains

Experts and journalists point out that these contracts were awarded without tenders and transparency. This gives rise to the assumption that the fight against corruption is intended to spare the elite sector who want to develop sources of income apart from oil and gas with new branches of the economy. The fact that Azerbaijan is undergoing modernization, but not democratization, is also supported by the result of the parliamentary elections in 2020. To the disappointment of many of the younger generation, mostly old cadre members remained. Many new candidates from the ruling party were also not considered. The leadership used the strict restrictions at times during the corona pandemic to crack down on government critics. It remains to be seen whether the Azerbaijani leadership will withdraw from sponsorship entirely and whether other states with a similar background will also reconsider their commitment. For associations like UEFA, the question would then arise of how expensive events can be financed in the future.

02/11/2020

It is understood that since 2016, Wei Ya has carried out hundreds of live broadcasts to help farmers, and the total amount of charity guidance has exceeded 700 million yuan. Wei Ya and her husband, Qianxun Chairman Dong Haifeng “Rocket Project” empowers the brand It is understood that in addition to incubating anchors, Qianxun has also laid out store broadcasting, brand operation and other businesses. Dong Haifeng told Nandu reporters that the development history of Qianxun is divided into two stages. From 2017 to 2019, Qianxun is mainly to build a professional operation team, broker team, supply chain, etc. for the anchor. After 2019, after contacting a large number of brand owners, Qianxun hopes to empower the brand owners. “So we have a lot of new subsidiaries in 20 to 21 years, and these subsidiaries are actually helping the brand to provide services. I hope that through Qianxun’s overall capabilities, we can help brands reduce operational pressure and improve efficiency.” Qianxun also launched the “Rocket Project” this year, which is mainly to innovate in the marketing model to help brands achieve efficient matching of products and customers, as well as marketing co-creation and channel launch. “When the original traditional brand was launched, They care more about the amount of exposure, and it is difficult for them to get the real ROI and conversion rate. But in fact, through our live broadcast room, a lot of data can be traced back. So we just made a “Rocket Project”, the purpose is to let us The live broadcast room and the brand jointly do promotion and marketing, so that more brands can know what the effect of the money they spend in the end, how many consumers are reached, and how many transactions are generated.” Dong Haifeng revealed that Qianxun has now created a new model, that is, through the live broadcast room of the anchor and the opportunity of the brand’s new product launch to jointly invest in advertising. “For consumers, if they really like this product, they will know that there must be a discount for the first release of a new product in the live broadcast room of a certain anchor; because there are discounts, consumers will pay attention to this live broadcast; we are driven by interests; First direct the traffic to a live broadcast room of an anchor, and then after the first release of the new product through the live broadcast room, the real and accurate users are sold to the brand’s Tmall flagship store; the Tmall flagship store can then follow the information of the user’s order. Do the secondary management of users.” In Dong Haifeng’s view, this type of combination can bring new effects to the advertisements of the host and the brand. “The anchor has to advertise, and the brand has to advertise. It originally cost two money, but now it’s superimposed and only spends one. Money. But it turns out that consumers may not know what the anchor will broadcast and will not come; brand new products are launched, and consumers can find them on Tmall every day, and there is no sense of urgency. Combining these two information, with time, there is With the location and the temptation of interest, then the advertisement may have new effects.” Start the rural industry support plan At the scene of the Via Carnival, the “Country Industry Support Plan” was officially launched. It is understood that since 2016, Wei Ya has carried out hundreds of live broadcasts to help farmers, and the total amount of charity guidance has exceeded 700 million yuan. Wei Ya told Nandu reporters that at present Qianxun has a department dedicated to docking agricultural products from all over the country. “I think agricultural products are real domestic products. Through live webcast, more people can understand agricultural products, and rural revitalization can be realized in the form of purchase instead of donations. .” Wei Ya also said that live broadcast to help farmers is not a simple transaction. The most important thing is to let local people understand what standardization is and how to turn agricultural products into commodities, and then into explosive products. “It really comes to the market. In addition to being able to sell well in the Weiya live studio (in other places), I think this is the biggest advantage.” Dong Haifeng revealed that Qianxun is currently building a professional team to communicate more with the locals, hoping to transform some seasonal agricultural products into commodities that can be sold throughout the year. “For example, our Dangshan pears, pears are In a certain season, it was a special product in Dangshan, Anhui, but how did we finally turn pears into pear paste, and finally became a hot product in the live broadcast room after it was put on the shelves in the live broadcast room. Pear paste can actually be sold all year round. It really drives the local farmers to change. Planting their specialty pears in more places can also drive local employment for secondary processing companies. From this case, we will upgrade.” That night, Wei Ya also donated 2 million yuan to the China Youth Development Foundation for training of rural teachers in 18 Wei Ya Hope Primary Schools and surrounding rural primary schools in Yunnan, Anhui, Gansu, Guangxi, Shaanxi and other places. Written by: Southern Metropolis reporter Wang Chenchen

Inside a shopping mall in the capital Kuala Lumpur, June 1. (Photo: Reuters) The Malaysian Government’s strategy to bring the country out of the Covid-19 crisis consists of four stages and specific criteria. Accept economic damage to flatten the epidemic curve Malaysia began implementing a nationwide blockade order from June 1, after the number of daily cases exceeded 9,000 cases and put tremendous pressure on the health system. Restrictive measures will be extended until June 28. In a televised speech on June 15, Prime Minister Muhyiddin Yassin said that the nationwide blockade order had helped Malaysia “flatten the curve” of the epidemic and avoid falling into a tragedy. During the lockdown, the Malaysian economy suffered about one billion ringgit a day (about $243 million). Most businesses have to close, except for some essential service and economic sectors. However, Malaysian Prime Minister Muhyiddin Yassin said that “light will be at the end of the tunnel” when it comes to speeding up vaccinations. Yassin announced the recovery plan as the number of Covid-19 cases in Malaysia continues to decline and an additional 16 million doses of the Covid-19 vaccine have been secured to the country by the end of July. National Recovery Plan in four phases Prime Minister Yassin announced a four-stage National Recovery Plan with three specific indicators to use as a basis for deciding whether to lift restrictions and if so, when. Each phase will be implemented based on the average number of cases per day, the capacity of the public health system and the population vaccination rate. Malaysia is in phase one of this plan. The number of new Covid-19 cases in the country remains high, the public health system is in a very critical situation, the vaccination rate is low, and the nationwide movement control order is in effect. In stages, restrictions on economic activities and the social sector will be further eased. The nationwide movement control order took effect from June 11. (Photo: AP) Malaysia will move to phase two of the plan if the daily number of new cases falls below 4,000 cases per day, the vaccination rate reaches 10%, and the intensive care units operate at “moderate” capacity. If in phase one, only essential services are allowed to operate, all fields and social activities are banned, then in phase two, there will be some more economic sectors such as manufacturing industry The output is allowed to operate up to 80% capacity. However, social activities and interstate travel are still not allowed. The government wants to bring the country into phase two as early as next July. Malaysia will enter phase three when the daily number of cases falls below 2,000 cases per day, the health care system operates in a more comfortable state and at least 40% of the population receives two doses of the Covid-19 vaccine- 19. All economic sectors will be allowed to operate, except for those considered high risk such as at nightclubs, pubs, event centers, spas and beauty salons. “All economic sectors will be operating at 80% capacity, similar to the second phase. And social activities such as education and some sports activities may resume in stages,” Yassin said. He expressed hope that Malaysia will move to phase three as early as the end of August. The fourth phase will take place when the daily number of cases is less than 500 cases/day, the health system and intensive care beds operate at a safe level, at least 60% of the population is fully vaccinated. “Based on the predictions of the National Covid-19 Vaccination Plan, this transition is expected to be implemented as early as October 2021,” Prime Minister Yassin said. At that time, all economic sectors will be back to work, more social restrictions will be lifted and interstate travel and domestic travel will be resumed. To date, Malaysia has recorded more than 667,876 cases of Covid-19, of which more than 4,000 have died and nearly 594 thousand have completely recovered. Malaysia recorded more than 5,000 new cases on almost all days from May 19 to now. Currently, Malaysia ranks third in Southeast Asia, after Indonesia and the Philippines, in the number of Covid-19 cases.

Speaking at a regular press conference on the afternoon of June 15, Chinese Foreign Ministry spokesman Zhao Lijian affirmed that the comprehensive strategic cooperative partnership between China and Russia in the new era is the relationship between China and Russia. comprehensive, regardless of any changes. Cooperation between the two parties has no limits. He also stressed that any attempt to sabotage Sino-Russian relations would be doomed to failure. Chinese Foreign Ministry spokesman Zhao Lijian. (Photo: Reuters) The Chinese side’s statement came after Russian President Putin’s speech to the US media, affirming satisfaction at Russia-China relations “reaching an unprecedented height”, as well as appreciation for the fact that the two sides have reached an unprecedented height. The party maintains a high level of trust and cooperation in the fields of politics, economics, science and technology, military technology, etc., while recognizing that the Russia-US relationship is currently at a low level. the most in many years. In the words of a Chinese foreign ministry spokesman, Beijing and Moscow are “really united as mountains, the friendship is unbreakable”. The two countries have overcome the challenge of unexpected changes in the international situation and established a model model of a new type of relationship between great powers. Mr. Trieu Lap Kien said that in just 1 month, the two countries will celebrate the 20th anniversary of the signing of the “Treaty of friendship and cooperation between China and Russia”. This is an event of special significance in the relations between the two countries and will promote Sino-Russian cooperation on a higher starting point, broader scope and deeper level. He emphasized: “Real gold is not afraid of fire, we also advise those who are looking for ways to divide China-Russia relations that any attempt to destroy Sino-Russian relations will not be realized. . Hopefully these people won’t go too far down the road of zero-sum games and group political confrontation.” Immediately before these statements of the Chinese side, the G7 and NATO Summit simultaneously issued statements criticizing China and for the first time naming Beijing as a security threat and a serious challenge. system. Recently, Russian Ambassador to China Andrey Denisov, when responding to Chinese media, once affirmed that “it will not happen” that Russia separates from China and approaches the US when the Biden administration applies the strategy ” somewhat soften relations with Russia” to focus on dealing with China, according to him, “this view is too short-sighted”.

SAIC Maxus released 4 MPV family models at once At this strategic conference, SAIC Maxus released four new products at the same time. The G50 Plus is a standard household MPV. The price range of its customized models ranges from 109,800 yuan to 165,800 yuan. Customization is customized according to your own needs; the G20 Plus special model is mainly for business reception, and the prices are 223,800 yuan and 236,800 yuan respectively; the traveler G20 uses the MPV body structure to realize the function of the RV; EUNIQ 7 is the No. A hydrogen fuel MPV. It can be seen that although it is a relatively young brand, SAIC MAXUS has quickly formed a product lineup covering daily home travel, business reception, passenger leasing, welfare travel and other life and work scenarios. SAIC Maxus stated that it will continue to launch a variety of MPV models in the next three years and build the brand as an “MPV expert”. In fact, the MPV market has always given people the impression of “not popular” for a long time. According to data from the Passenger Association, the proportion of MPVs in passenger car sales in 2020 is only 5.7%. And in such a niche market, there is no shortage of powerful products. The same door Buick GL8 has a position in the field of business reception. Honda’s Odyssey and Elysson also occupy part of the home market. But in such a difficult and dangerous niche market in the eyes of the outside world, SAIC Maxus’s performance is surprising: In 2020, SAIC Maxus sold 115,322 new cars in the domestic market, a year-on-year increase of 17.22%, of which the sales of MPV family models were 44,542. This is obviously inseparable from SAIC MAXUS’s unique customization model. SAIC Maxus is driven by user needs and has launched a C2B large-scale personalized intelligent customization model in the industry, giving consumers the right to participate and decision-making. At the event site that day, a representative of SAIC Maxus dealers told the author that through customized order placement and delivery, consumers will feel that every money they spend on various configurations is worthwhile, and they choose to take the initiative. As a result, the selling price of the vehicle is more acceptable. Moreover, this feature is more advantageous in the field of RVs: “SAIC Maxus is one of the few complete vehicle companies in the industry that directly sells customized RVs. Both technology and after-sales are incomparable to ordinary refitting plants.” Traveller G20 has strong playability in MPV Lan Qingsong, vice president of SAIC and chairman of SAIC Maxus, once said that differentiation is the DNA of SAIC Maxus. “The homogeneity of market competition is serious. As a small latecomer, we have insufficient brand awareness. Therefore, we must differentiate. This is not only forced by the market, but of course it is also our choice.” Text/Beijing-Beijing Toutiao Yang Zheng

Governments, medical experts and researchers are working to find the most effective strategies to deploy Covid-19 vaccination to quickly create herd immunity as the pandemic continues to sweep the world. limited supply of vaccines. According to the journal Nature, the world needs about 11 billion doses of Covid-19 vaccine to immunize 70% of the world’s population, in case each person must receive two doses. However, the latest statistics of Bloomberg news show that, as of June 2, a total of more than 1.94 billion doses have been injected across 176 countries, equivalent to nearly 12.7% of the global population. required to be fully immunized. The situation of Covid-19 vaccination worldwide in terms of vaccination rate for the whole population (%). Graphics: Bloomberg In addition, there is inequality in vaccine distribution, with rich countries, which account for only 19% of the world’s population, capturing more than 50% of the full year’s supply while low- and middle-income countries, accounting for more than 50% of the total supply. More than 80% of the world’s population has access to less than a third of the vaccines shipped, exacerbating the problem. A conundrum now is how humanity can overcome the pandemic at the earliest when it is estimated that the total number of vaccines produced and distributed in the world in 2021 is only about 6 billion doses. more than 55% of the forecast demand mentioned above? Countries that have received the highest number of doses of Covid-19 vaccine in the world as of June 2. Source: Bloomberg Classification of priority groups for vaccination In order to optimize the mass vaccination campaign against SARS-CoV-2 virus in the current difficult conditions, most governments have decided to prioritize pre-vaccination for groups at high risk of infection with the virus. such as frontline medical staff, forces directly in charge of fighting the epidemic, people over 65 years old, people with chronic diseases or workers in the group providing essential services. In addition to the above approach, governments and scientists are also trying other solutions to achieve the most effective vaccination strategy possible while waiting for vaccine manufacturers to increase production and abundant supplies. more abundant. Experimental mixing of vaccines Some countries have recently considered mixing different vaccines to address shortages and delays in supply. The idea is not new, as scientists have been experimenting with this approach for decades against Ebola and HIV viruses. In the UK, scientists have decided to expand the study in the use of combinations of Covid-19 vaccines to assess whether mixing them is safe and helps prolong immunity in vaccinated people. strains or not. In February 2021, Oxford University began promoting a study called Com-Cov, whereby volunteers will be vaccinated with the first and second doses of two vaccines AstraZeneca and Pfizer/BioNTech. Preliminary research results, published in the Lancet medical journal in mid-May, revealed that mixing the two vaccines would increase the side effects of the vaccine, such as fatigue and headaches over time. short and in light form. Photo: Healthmag “It’s a finding that we didn’t anticipate. We still don’t know if this approach is associated with an improved immune response. We’ll find that out in a few weeks.” “, Professor Matthew Snape, who led the study, said on May 14. Snape and his colleagues also recently added Moderna and Novavax vaccines to the trial program. The authors hope that, if their study can demonstrate that the mixed vaccination produces an immune response as well as the standard vaccination and does not significantly increase the response to the vaccine, there will be more people complete their immunization plans sooner. This will also assist the health system in responding in the event of a shortage of any currently used vaccines. Similarly, the Philippine Department of Science and Technology (DOST) on May 24 also announced that it would start a study on mixing China’s Sinovac vaccine with other vaccines available in the country such as AstraZeneca, Pfizer/ BioNTech and Sputnik from June this year to November 2022. DOST Secretary Fortunato Dela Pena explained that Sinovac was the main target of the study because it is the most stable supply in the Philippines, accounting for 5.5 million doses out of the approximately 8.3 million doses the country has received for until now. Manila is aiming to have vaccinated more than half of its 110 million population by this year. However, according to Nikkei Asia, the nationwide vaccination campaign is facing many challenges when people focus on injecting only “branded” vaccines such as Pfizer, forcing many local governments to keep the name of the vaccine secret. Please be used in vaccinations. More spacing between injections In accordance with the regimen and recommendations of the vaccine manufacturers against Covid-19, after giving the first dose to the patient, after 3-4 weeks, medical facilities will inject the second dose (21 days apart for patients). with Pfizer vaccine and 28 days with AstraZeneca vaccine). However, the British government has decided to extend the interval between the two shots to 12 weeks to have enough vaccine to vaccinate more people. This decision caused a lot of controversy. However, British medical advisers explain, because most vaccines are proven to be more than 50% effective after the first shot, doing so will help increase immunity for more people against dangerous pathogens and help speed up the national immunization campaign. The number of new infections and deaths from Covid-19 is falling sharply in the UK. Graphics: Reuters There are no formal studies on the effectiveness of the initiative yet. However, there is an undeniable fact that the foggy country is sharply reducing the number of cases and deaths from Covid-19, allowing the country to start easing restrictive measures against the epidemic from 12/02. 4 and aims to get the country out of lockdown this summer. Vaccination for people 12 years of age and older The European Commission has approved the use of Pfizer/BioNTech’s Covid-19 vaccine for children 12 years of age and older, European Union (EU) Health Commissioner Stella Kyriakides announced on May 31. , giving the bloc’s member countries the option to expand their vaccination programmes. On the same day, the Japanese Government also announced a similar decision. The move took place not long after the US Food and Drug Administration (FDA) on May 10 approved the use of Pfizer/BioNTech vaccine for children aged 12-15. Previously, the product was only approved by the FDA. emergency use permission for persons 16 years of age and older. President Joe Biden called the FDA’s new step a promising development in the fight against the epidemic. Before the US, Canada on May 5 became the first country in the world to agree to expand the Pfizer/BioNTech vaccine recipients to children 12 years of age and older, citing more benefits. risk. However, the World Health Organization (WHO) recommends that developed countries suspend the implementation of immunization for adolescents in order to share the surplus vaccine resources with poorer countries that have a shortage of vaccination supplies for children. older, high-risk groups. “The pandemic has proven that no one is safe until everyone is safe. Equal access to a Covid-19 vaccine is within our grasp. The sooner we do it, the better. The faster our lives and our children’s lives return to normal,” emphasized Ms. Henrietta Fore, Executive Director of UNICEF.

The solar power market has many attractive factors for investors. Photo: VNA According to the Japan Economic Times, the revised law to promote countermeasures to prevent global warming was approved by the Japanese National Assembly on May 26. The content that attracted attention was that the goal of carbon neutrality before 2050 was first recorded in a Japanese law. To realize the goal of a coal-free society, Japan, the US, Europe and China alone will require an investment of up to 8.5 trillion yen in the period 2021-2050. The world will enter fierce competition in the field of technology that can change the world economic map. Japan’s Law on Promoting Countermeasures to Prevent Warming is expected to come into effect in April 2022, which clearly states the provision stipulating the basic perception of the government’s goals related to the implementation ” carbon neutral” to ensure a balance between greenhouse gas emissions and the amount of gas absorbed by vegetation. The regulation in the law shows the commitment of the Japanese Government to inherit the policy even when the government has a transfer, and is the basis for promoting business investment in the long run. Around the goal of carbon neutrality, the European-American countries have expressed their intention to achieve this goal before 2050. Countries around the world are also urgently using the public-private partnership mechanism to develop the carbon neutrality. new techniques to achieve the goal of a zero-emission society. Japan is currently at the forefront of the world in the development of next-generation battery technology and is realizing hydrogen-related techniques. The development of CO2 landfilling techniques is also being evaluated in Japan. The battery needed to develop electric cars is considered as one of the indispensable techniques to realize a zero-emissions society. However, in the field of lithium-ion battery production, Japan has not shown an advantage over Chinese manufacturers such as Contemporary Amperex Technology (CATL) and South Korean chemical company LG. Perhaps Japan can only create an advantage in this area by developing a new generation of solid batteries that can extend the travel distance on a single charge that companies like Toyota and Panasonic are at the forefront of this trend. this direction. Renewable energy production devices are also said to be the key to building a zero-emission society. During the 2000s, the Sharp and Sanyo Electric companies swept the world market for solar panel development and manufacturing. However, to date, about 80% of the world’s shipments are made in China. Japanese businesses have lost in the bidding war. Expectations are being held for solar panels using materials with a special crystalline structure (Perovskite) researched and developed by Toshiba and Ricoh. The technique of using hydrogen is expected to bring about a breakthrough in achieving the goal of carbon neutrality in the iron and steel manufacturing sector, which uses a large amount of energy source and is currently the three major Japanese steel corporations as well. is collaborating on research into hydrogen-using steelmaking technology. A test furnace has been set up at Nippon Steel’s factory (Kimitsu City, Chiba Prefecture) with the goal of realizing the technique before 2030. According to calculations by chemists, hydrogen is used instead of coke, combined with the use of carbon dioxide (CO2) separation and recovery techniques, can reduce CO2 emissions into the environment by 30%. According to Astamuse, a company that analyzes patent application trends, Japan can maintain its number one position in the world in terms of patents related to hydrogen engineering. In the context that countries around the world are increasing the speed of technical development, the issue of concern is how Japan will promote public-private partnership to bring hydrogen technology to applications in industries. industry of this country. For a country as highly dependent on fossil fuels as Japan, the turning point is CCS – capturing and burying CO2 underground. Currently in the world, the US is the leading country in research, development and realization of this technology. Some companies in Japan such as J-Power and Toshiba are also promoting the development of techniques to capture and landfill CO2 generated from thermal power plants. Car manufacturers in Japan have pioneered the world in the development and popularization of the hybrid vehicle (HV) model that combines an electric motor with a gasoline engine and has made a great contribution to cutting reduce greenhouse gas emissions. Hybrid cars are widely used in Japan, but in European and American countries, the trend of using electric vehicles (EVs) is more prevalent. If they can take advantage of the electrification technique used in HV cars, Japanese enterprises are fully capable of dominating the EV development competition in the world.

Students in South Korea have returned to normal school with splash shields. (Photo: AP) However, the FDA also emphasized that each country’s approach may vary, so it does not recommend any approach to the United States to deal with new infectious diseases that will emerge. The above report introduces Korea’s approach to the COVID-19 epidemic, based on lessons learned from the Middle East Acute Respiratory Syndrome (MERS) outbreak in 2015, detailing the Korea’s efforts to deal with infectious diseases. The report indicates that the Seoul Government has invested heavily in the commercial use of infectious disease diagnostic technology, which has helped Korean private enterprises develop and rapidly produce testing equipment. In addition, South Korea followed the US, applying an “emergency use authorization” (EUA) regime for COVID-19 diagnosis. The Korean justice agency has revised the law, so that the authorities have the right to collect information about patients and people suspected of having infectious diseases in critical situations. Along with that, measures such as mandatory wearing of masks, social distancing, stopping some business activities, and effective exchange strategies, have helped South Korea contain the wave of COVID-19 spread. On the other hand, according to the ranking of resilience from the COVID-19 epidemic (Covid Resilience Ranking) published by Bloomberg (USA) every month, South Korea ranked 5th out of 53 assessed countries, an increase of one place compared to the previous year. with April. Korea’s highest ranking was 4th in November last year.

Ms. Bea Yuri, the representative of Gangwon province, introduced the culture and potential of cooperation between Vietnam and Korea in the online signing ceremony. Korea is currently a developed country with a strong capacity in capital, science and technology and rich development experience, is deeply involved in the global value chain, and is in need of a young and large market to continue. development momentum. Vietnam is a dynamic developing country that actively integrates into the world. Vietnam is a suitable destination with a golden population structure with nearly 100 million people, nearly 70% are aged 15-64; Vietnam and South Korea are two countries with unique factors that contribute to bringing the two countries’ relations closer and closer, facilitating the expansion of investment cooperation. The two sides have established dialogue mechanisms on economic cooperation, besides the culture between the two countries Vietnam and Korea have many similarities. The people of the two countries have a deep understanding of each other’s customs and practices, and the population of one country in the other is large; Before the Covid-19 pandemic, traffic between the two countries was increasingly convenient with more than 1,000 flights per month. Representative of Kotra Vietnam – Korea Company, Icon International and Asean Healthcare Company at the cooperation signing ceremony Today’s event marks an important step towards implementing Korea’s trade promotion, investment and technology transfer cooperation programs into Vietnam. Kotra Vietnam – Korea, Asean Healthcare are the exclusive distributors in Vietnam market of many lines of pharmaceutical products – cosmetics, functional foods, health promotion products, air cleaning, disinfection, insurance. protect living environment. In the context of the global crisis caused by the epidemic, the Korean partner has designed and developed many technological solutions, comprehensive solutions for health protection and disease prevention through special products. : IONIC – Air purification system, sterilization, virus removal in cars, families, schools, hospitals, offices, and crowded areas; HEYO – Water electrolyzer, disinfection, VirusKill – Antibacterial wearable in the air; Alkaline-rich Hydrogen generator…
Representative of Gangwon province Ms. Bea Yuri shared: “In recent years, provincial leaders have made great efforts to cooperate with the government and localities in Vietnam to promote exchanges between people, entrepreneurs and businesses. Currently in the context of the Covid -19 epidemic that is turning the world upside down, affecting all aspects of people’s lives, stagnating trade and investment, and declining health, we hope to approve the signing of the agreement. This cooperation will further promote the support of high technology transfer, increase import and export, and develop investment in Vietnam.” Mr. An Jun Sun General Director of Kotra Vietnam – Korea introduced the products at the launch ceremony Speaking congratulating the signing ceremony of strategic cooperation, Mr. Vu Minh Ly – Deputy Director of the Center for Communication of Resources and Environment (Ministry of Natural Resources and Environment) highly appreciated the efforts of the parties in promoting and implementing a cooperation program, this is a practical and beneficial direction for consumers to have more proactive health care and protection options that Korean friends have researched and developed technology to deal with, prevent The fight against the Covid epidemic is going on as complicated as it is today.
At the signing ceremony, the units officially launched to Vietnam market a product line for environmental protection, proactive disease prevention, VirusKill wearable card, Ionic device, Heyo… Besides, Kotra Vietnam – Korea and Asean HealthCare cooperates with businesses in Vietnam to cooperate in investment, technology transfer, production, and bring to consumers in Vietnam many high-quality products and technologies, proactive health care. such as functional foods made from Red Ginseng, Cordyceps; Herbal cosmetics, alkaline Hydrogen water purification equipment…. distributed in Southeast Asia and the world.
In the context that Vietnam and other countries around the world are learning how to live with newly arising diseases and Covid-19 is complicated, the product Heyo – Ionic – Virus Kill will be a useful tool. for the community to help protect their own health and protect the living environment.

Deputy Prime Minister Vu Duc Dam. Deputy Prime Minister Vu Duc Dam said that since the beginning of the Covid-19 outbreak worldwide, Vietnam has been one of the countries with high risk of infection and early cases. Thanks to the consistent implementation of epidemic prevention and control measures throughout the political system and the entire people, and the support and cooperation of the international community, up to now, Vietnam is still one of the best countries in the world to fight the epidemic. ranked 214/220 countries with the number of infections, very low. That shows that Vietnam’s strategies so far are completely correct. For example, Vietnam has set a goal of being ready for treatment but also determined to not let many infections happen, avoiding extremely serious consequences. The whole political system and the whole people joined the fight against the epidemic. Vietnam has well performed the “dual task”, both against the epidemic and socio-economic development, the loss is the least compared to the risk. Vietnam’s position has increased thanks to its success in fighting the epidemic. According to Deputy Prime Minister Vu Duc Dam, in epidemic prevention and control, our country should zone as quickly and neatly as possible when detecting cases, if not yet qualified for identification, it can be wider, but by all means quickly. narrow the zoning; make adjustments in accordance with the situation and capacity of the locality and unit. “We always seriously consider what is not good in epidemic prevention and control to adjust. The Prime Minister, seeing that the epidemic prevention and control discipline is not strict, quickly corrected and reminded”, Deputy Prime Minister said. Regarding the development of a vaccine against Covid-19, Deputy Prime Minister Vu Duc Dam said that from the early days of the fight against this pandemic, Vietnam has set a goal of focusing all its efforts on research to produce vaccines. in the country and when the world successfully developed a vaccine, we have tried all ways to negotiate to have the vaccine as soon as possible, injecting the most people. However, due to the scarcity of vaccines, so far, our country has only imported a limited number. The Ministry of Health is very active to get more vaccines, but there will be a larger supply until the end of the year, but it is not enough to create herd immunity, so the whole country still needs to take preventive measures. disease as there is no vaccine. “The Government has assigned localities to prevent and control the epidemic in the spirit of “4 on the spot”, take necessary measures: Actively prepare forces, supplies and equipment for their localities according to the global epidemic scenarios. Based on professional analysis, there are safe anti-epidemic measures and good implementation of “dual goals”, requiring localities to discuss with neighboring provinces when implementing isolation and social distancing. “, the Deputy Prime Minister added. In order to actively prevent and control the epidemic effectively, the Government calls on all people to be aware of their responsibilities to themselves, to their relatives and to the country, and to strictly implement epidemic prevention and control measures; Participate in detecting cases of illegal entry… Step 1: Visit https://www.bluezone.gov.vn or download directly at App Store or CH Play. Step 2: Once downloaded, the application will ask for permission to use Bluetooth to record contact with other Bluezone installed users. If Bluetooth is not open, drag the status bar and turn on Bluetooth; or go to Settings, select Bluetooth and turn it on. Step 3: Once the installation is done, click Scan Around. If someone near you less than 2m has used Bluezone, the application will automatically identify these users and put them in the contact list.

Singapore Green Plan 2030 is the latest plan with the cooperation and efforts of 05 ministries (Ministry of Education, Ministry of National Development, Ministry of Natural Resources and Sustainability, Ministry of Industry and Trade and Ministry of Transport) to advance to a greener and more sustainable Singapore, while offering more business opportunities and creating more jobs. A City Between Nature, Sustainable Living, Renewable Energy, A Green Economy and a Resilient Future By 2026, Singapore will build 200 hectares of new parks, which are about 8 times the total area of ​​My Dinh Stadium. By 2035, Singapore will have an additional 1,000 hectares of green space. At the same time, Quoc Dao will plant 1 million more trees with the ability to filter an additional 78,000 tons of CO2 for a clean air and plenty of shade. These are some of the key goals of the Singapore Green Plan 2030. Singaporeans and future visitors can expect more nature-based recreational activities, such as hiking, bird watching at the upcoming Nature Parks: Rifle Range, Mandai Mangrove, Khatib Bongsu … Natural parks offer visitors an immersive experience in nature, and also act as green buffers to reduce visitor pressure on nature reserves. Roads in the industrial park will be dense with native trees and plants in multi-layered structures, mimicking those in tropical rainforest. This will make the shady routes wider, cooler and more comfortable for pedestrians. By 2030, the bicycle routes in Singapore will be widened from 460km to 1,329 km. At the same time, the Park Connector Network will be expanded from the current 340km to 500km by 2030 so that tourists and Singaporeans have maximum access to nature. This network will include the Round Island Route, the Rail Corridor and the Coast to Coast trail. Accordingly, all apartments will be within a 10-minute walk from the park. Park Royal Hotel on Pickering in Singapore is designed as a hotel in the middle of a nature garden (Photo courtesy of Trivago) Another prominent target is that 80% of tall buildings will be green. Park Royal on Pickering Hotel’s landscape in Singapore is designed to self-maintain and minimize resource use such as: rainwater collected from the upper floors will irrigate the lower levels of the trees through power without running pumps, while rooftop photovoltaic systems can power the lighting system, in hopes of creating the world’s first energy-free sky garden . In addition, when coming to Singapore, visitors can not help but see the magnificent and magnificent Marina Bay Sands when viewed from afar. This is the first MICE facility in Southeast Asia to achieve ISO 20121 Sustainable Event Management System certification and is one of the largest buildings in Singapore to be awarded Green certification by Construction and Construction Authority (BCA). Mark Platinum, is committed to long-term environmental protection. Schools are also committed to contributing to this green 2030 plan with the goal of reducing carbon use by two-thirds. Mr. Ong Ye Kung, Minister of Transport, said: “We are the only country in the world to stop the increase in the number of transport vehicles. And we are also one of the few countries that has taken advantage of the water cycle and reused the last drop. ” Hopefully in the near future, when tourists return to Singapore, they will be more surprised and interested in a modern, modern country that is green, clean and friendly with the environment.

Illustration. https://kinhtexaydung.petrotimes.vn The Munich-based Ifo Institute said: The German Automotive Industry Association has presented some potential challenges ahead, as the government attempts to eliminate diesel and gasoline-powered vehicles instead. for vehicles with low and zero emissions. In a statement released with the report, the research agency said: “It is estimated that about 75,000 German auto manufacturing workers will retire by the middle of this decade. But if by 2025, production of cars powered by internal combustion engines decreases to a predictable level under current emissions regulations, the shift to electric motors will have little impact. 178,000 employees ”. Ifo explains: the group that will be unemployed includes “workers producing product groups directly or indirectly dependent on internal combustion engines, with 137,000 of them working directly in the automotive industry” . “The transition to electric automation is a huge challenge, especially for automotive suppliers where mid-sized companies dominate,” said Ifo Chairman Clemens Fuest. “It is important to maintain skilled jobs in the manufacturing of internal combustion engines and electric vehicles without altering the structure,” he said. A real major transformation seems to be ahead. The German federal government has set a target of 7 to 10 million electric cars registered in the country by the end of the decade. In January, the German road traffic authority Reuters said: Battery-powered car sales were more than 194,000 vehicles by 2020, which had tripled over the same period last year. The executive branch of the EU, the European Commission wants to have at least 30 million zero-emission cars on the road by 2030 as part of the “Smart and Sustainable Mobility Strategy”. About 3 million new electric cars were registered last year, a record number and up 41% from 2019, according to the International Energy Agency. Oliver Falck, Director of the Ifo Center for New Industries and Technologies, sought to emphasize systemic change that has been and is taking place. “The evolution in production figures has shown us that very different parts are needed for electric cars rather than the internal combustion engines,” he said, noting that “this shift has yet to be reflected in the similar level in number of employees ”. https://kinhtexaydung.petrotimes.vn

‘Made in China’ world vision is based on international standards. (Source: Global Times) Sheet Global Times Recently published an article admitting weaknesses in China’s “Made in China” strategy to the world through analysis by author Dinh Cuong, Researcher at the Chongqing Financial Research Institute of Nhan Dan University. Chinese people. Weakness in standards According to the article, the Xinjiang Cotton event reveals a weakness of the “Made in China” strategy in looking to the world, which is the standard. The main reason for the Swiss-based Better Cotton Development Association (BCI) to be able to issue a “refusal to use Xinjiang cotton” with no evidence “, is that the standard is in hand. their. Standards are the fundamental rules of commerce, and standards and eligibility affect 80% of global trade. We live in an age when standards are dominant. According to statistics, there are more than 800,000 different standards worldwide, but only about 2% of which become the world standard. Due to historical factors, most of these international standards were established by developed countries such as the US and Europe. Holding standards equates to holding the right to lead the market and the right to formulate rules over the product otherwise, only behind others. There is a principle in the world that “third-tier firms sell products, second-tier firms sell technology and top-tier firms sell standards”. Chinese enterprises have suffered a lot of the suffering of “third-class enterprises”. Take cell phones as an example, as Chinese enterprises develop technical standards for 3G mobile phones autonomously, The Journal Washington Post (USA) has predicted that when China successfully develops its own 3G technical standards, it will no longer have to pay huge royalties to foreign companies. According to a report published by the German patent information analysis agency IPLytics, as of February 2021, the top 5 enterprises that claimed essential patents for global 5G standards were Huawei, Qualcomm, and ZTE. , Samsung Electronics and Nokia. Standards have become a beacon for Huawei to achieve a high position in the industry and expand its market and revenue share. It should be noted that China cannot overthrow or dismantle the existing system of standards to build another system of standards. In the future, what China needs to do is strengthen leadership and leadership in this system through the setting of new standards, and at the same time push the system to make adjustments and take advantage of the right to participate. decision and the right to speak. China still needs cooperation, this is also an issue that needs to be considered when conducting the “game” with the West in this regard. “Made in China” world vision is based on international standards. Since the implementation of reform and opening up, international standards have played a leading role in promoting and enhancing the development of “Made in China”. In the future, “Made in China” will continue to develop in this path, comprehensive upgrading, towards high quality. Among China’s current standards, some have taken the lead, which is the result of China’s relentless acceleration and expansion of industrialization. This is not only an expansion or upgrade of inherent international standards, but also implies the innovation of China itself. Many obstacles At the 39th General Assembly of the International Organization for Standardization (ISO) held in Beijing in May 2016, China at that time had 189 proposals to become ISO international standards, especially in In the fields of high-speed rail, nuclear power, information and automobiles, China has made a leap from its lagging position to the leading position. The major problem is that although Chinese firms have rebuilt new standards in some key areas or advantageous areas, the application of these new standards still requires a lot of friction. more, longer to the international market. According to the survey on infrastructure construction projects contracted by Chinese enterprises overseas, it can be seen that it is very difficult for Chinese enterprises to create a breakthrough in the field of standards. Most of the infrastructure projects are the construction of bridges, reservoirs, power stations, roads and railways. During domestic development, Chinese enterprises have had many technological innovations, many of which have surpassed international standards. However, Chinese firms still encounter varying degrees of difficulty in applying Chinese standards to these overseas projects. China’s manufacturing industry needs to make more efforts to meet international standards. (Source: Caixin) In such troubles, the technical staff of Chinese enterprises can often only convince the supervisory department and the contracting party, and use the actual results to prove the feasibility of the company. Chinese technology and Chinese standards. In many cases, businesses are forced to revert to using the inherent international standards. The current international standard system has been in existence for a long time, China needs to have enough patience and a long-term world vision in the long term to rise in standards. Chinese standards face many tiers of obstacles. From the Xinjiang Cotton event, it can be seen that even if Chinese products are of good quality and up to standard, as long as the brand is still controlled by others, it will be beneficial to Western political forces. use. Judging from the 5G situation, the more China rises, the more difficult it becomes. During the XIII Five-Year Plan, China issued 285 national standards for smart manufacturing, leading the construction of 47 international standards, covering all production processes of enterprises. This sector has now become the focus of the game between China and the West. China’s manufacturing industry needs to work harder to meet the standards, but the question is whether Western countries can, or to some extent, adopt and follow the new standards set by China. National construction or not? In the US, recently there have been many voices calling for the manufacturing industry to return to the country, but the return of the entire production chain is not possible. This does not mean that the US will give up on the value chain it dominates. How to bring into full play the design and regulation capabilities of the state, make the correct choice between competition and cooperation, between openness and management, between protecting interests and transferring claims ask for an accurate long-term vision and calculation (According to Global Times)

Building a synchronous and modern infrastructure system is one of three strategic breakthroughs set out in the document of the XIII Congress of the Party. Photo: Quang Thai Restructuring and adding new content From the experience in organizing the implementation of Resolution of the XII Congress, the Party is more deeply aware of the importance and practical meaning of grasping and implementing key tasks. Therefore, the political report of the XIII Congress of the Party separates the content “The key tasks, strategic breakthroughs in the XIII Congress term” into a separate section – section XV. Compared with the Political Report of Congress XI, XII, the key tasks presented in the Political Report of the XIII Congress were restructured and added new content. These are 6 key tasks: (1) Building and reorganizing the Party, building the political system, building a contingent of cadres; (2) Strongly promote economic development; (3) Strengthening foreign affairs, international integration, national defense and security …; (4) Promote the cultural values ​​and human strength of Vietnam; strengthening social development management, realizing social progress and equity; (5) Promote socialist democracy, strong national unity; (6) Natural resource management, environmental protection, climate change adaptation. New points in the arrangement and presentation of the above tasks are integrating the focus on Party building, the political system, economic development, strengthening national defense, security, foreign affairs, and development of culture, society and people; separation to emphasize the focus on promoting socialist democracy and the strength of great national unity; supplement the focus on natural resources and environment protection and climate change adaptation. For the first key task “Building and regulating the Party, building a political system, building a contingent of cadres”, the XIII Congress political report added some urgent contents such as: Doi Moi the Party’s leadership and ruling modes; step up the fight to prevent and combat negativity, “group interests”, consolidate the people’s confidence and attachment to the Party, the State and the socialist regime. In the second mission of strongly promoting economic development, the XIII Congress Political Report added, emphasizing the new contents in accordance with the requirements arising in the new context. Notably, it focused on controlling the Covid-19 pandemic, mass vaccination of Covid-19 vaccine for the community; complete synchronous development institutions in accordance with the complete, modern and integrated market economy; overcoming bottlenecks hindering the development of the country … Of the remaining core missions, the sixth is a new one. On the basis of the deep awareness of the increasingly serious challenges of natural resources, environment and climate change to national development, the XIII Congress’s political report has identified: “Strict management, use rational and efficient use of land and natural resources; environmental protection and improvement; proactively and actively deploy adaptation solutions to climate change ”. Supplement and develop strategic breakthroughs In addition, the XIII Congress document specially focuses on identifying strategic breakthroughs in accordance with the requirements and requirements of the next 5 or 10 years. Political report identifies 3 strategic breakthroughs in the XIII Congress term; The 10-year socio-economic development strategy for 2021-2030 also outlines 3 strategic breakthroughs in 10 years. There are differences between the Political Report and the 10-year socio-economic development strategy 2021-2030, although there are differences in determining the specific content of each strategic breakthrough due to the different time coverage (5 years and 10 years), but unanimously stated: 3 strategic breakthroughs identified by the XI and XII Congress of the Party (institutions for market economic development; high-quality human resources; infrastructure system modern, synchronous) is meaningful, long-term value, still intact and will be concretized in accordance with the conditions and requirements of each stage of development. Three strategic breakthroughs identified in the XIII Congress document have remarkable additions and developments. In particular, for a strategic breakthrough on synchronous improvement of development institutions, the Expanded Political Report requires synchronous improvement of development institutions, in which the market economy institution has a socialist orientation. is the focus. From a 10-year overview, the 10-year socio-economic development strategy for 2021-2030 expands and emphasizes the complete content of the complete, modern and integrated socialist-oriented market economy institution. ; renovate national governance towards modernization associated with building a streamlined, effective and efficient socialist rule of law State apparatus. As for strategic breakthroughs in human resource development, especially high-quality human resources, the Political Report identifies two basic contents: (1) Prioritizing human resource development for leadership, management and key domains in national construction and defense; (2) Human resource development must be closely linked and based on enhancement, creating a fundamental change in the quality of education and training; associating with the mechanism of recruiting, using and treating talents … These contents are presented in more detail and details in the 10-year socio-economic development strategy for 2021-2030. Strategic breakthrough in building a synchronous and modern infrastructure system, Political Report emphasizes two priorities: (1) Development of a number of national key projects in transport, adapting to climate change; (2) Develop information and telecommunications infrastructure, create a national digital transformation platform, step by step develop digital economy and digital society. The 10-year socio-economic development strategy for 2021-2030 adds priority to the development of large urban infrastructure and energy infrastructure and emphasizes the requirement to build and synchronously develop national data infrastructure. (The article uses the material of “New points in documents of the XIII Congress of the Party” compiled by the Central Theoretical Council).

Handover ceremony of Thaco bus exported to the Philippines at Chu Lai Port Right from the start to invest in Chu Lai Open Economic Zone In 2003, THACO developed a localization strategy and joined the global value chain. In addition to investing in new construction and upgrading of automobile production and assembly factories towards automation, digital management for mass production according to customers’ specific requirements, THACO has invested in to build the largest industrial park manufacturing automobile components in Vietnam in Chu Lai Open Economic Zone, Quang Nam province with a scale of nearly 100 hectares. There are 12 factories manufacturing components – parts and mechanical complexes that not only supply Thaco’s auto assembly factories and domestic enterprises but also export to ASEAN and other countries. In the world. Products from these factories include: interior components, exterior of buses, trucks, passenger cars; composite components; tweezers; glasses; air-conditioner; shouting ceiling; tap-pi floor; passenger car bumpers; car body; chair and chair shirt; wire set; chassis and many other spare parts. The factories are transferring technology from Japan and Korea with modern machinery and equipment and implementing intelligent management throughout the value chain from ordering, manufacturing to distribution. Typically the Tweezers factory was transferred production technology from Daewon Corporation – Korea with modern chain systems and machines such as heat treatment line, ram line, ball injection line, zinc dipped painting line. and quality control equipment on each stage. The Plastic Components Factory is equipped with a 3,200-ton injection molding machine system, the most advanced plastic coating technology in Vietnam with paint robot and automatic coating system. Car Chairs Factory invests in modern automatic machinery imported from Europe and Korea, produces chairs for many types and brands of cars. To master technology and design, Thaco has invested in building an R&D center, improving the capacity of research and development of components and spare parts products; At the same time, joint ventures and associates with partners to receive and transfer new technologies to improve the technology content in products and receive technical support for the production of spare parts of trucks, buses and vehicles. tourism based on technology transferred from Korea and Japan. At the same time, Thaco invests in the mold industry, which is considered the “foundation of the industry”, which is used in many manufacturing industries. In order to develop the mold manufacturing industry for automobile production and other industries, Thaco Chu Lai Mechanical Complex has invested in manufacturing molds in the direction of producing large quantity products and production time. short, high quality, to meet the growing demand of the market. Since 2016, Thaco Chu Lai Mechanical Complex has put into operation the Mold Factory with a capacity of 600 sets / year, mechanical processing reaching 3,500 tons / year. The factory manufactures and supplies high-quality, high-durability, diverse types and sizes of mold products such as plastic injection molds, plastic extrusion molds, stamping molds … precision mechanical machining and heat treatment. The factory is invested with advanced technology lines and modern machinery imported from Germany, Japan, and Korea such as CNC machining line, bed milling machine, deep hole drilling machine, OKK milling machine, electric firing machine, wire cutting machine, mold screening machine, vacuum furnace … A team of engineers are trained professionally by Korean experts with a lot of experience in the field of mold production. In particular, the factory always updates and applies the trends new technology research and production in order to increase the technology content and diversify products, to suit the needs of the domestic market and to meet the specific requirements of the export market. Over the past time, the factory has provided plastic injection molds and molded components used in automobile production and assembly such as vehicle bumpers, throttle faces, hand brake cladding molds, pipe suspension molds. exhaust, integrated mold details of spring suspension …; manufacturing plastic injection molding and injection molds for civil plastic pallets, plastic propellers, paint tanks, plastic baskets, plastic chairs, stainless steel sink stamping molds, filter details … and some extrusion products including: extrusion molds T-brace, extrusion mold for seat contour details, plastic pipe extrusion mold, hydroponic plastic pipe mold … The products are supplied to automobile manufacturing and assembling factories, domestic and export enterprises. . In 2018, Thaco Chu Lai Mechanical Complex cooperated with the Mold factory to implement the State-level science and technology topic: “Research, design, successfully manufacture molds for some truck parts”. After 2 years of implementation, the topic has completed the set objectives such as: Mastering the technology of designing and manufacturing molds for automobile components including conjugate stamping molds, clawing molds, plastic injection molds; improve the scientific and technological content and increase the localization rate for the truck parts, reduce the price of molds compared to import. On the basis of the results of the project, in 2020, the factory will step by step design and manufacture other molds for all kinds of tourist cars such as skylight frame claw molding, vehicle bumper plastic mold, passenger compartment cladding. interior – exterior plastic details … With a methodical investment strategy, up to now, Thaco has mastered the technology of manufacturing components such as glasses, chairs, tweezers, electrical wires, mechanical components (moving parts of passenger cars, car trunks, exhaust pipes, etc.). ben, bus skeleton, punching components, …), plastic components (plastic barriers, interior plastic components, …), air-conditioning systems, composite components … Investing in the development of spare parts factories, Thaco has increased the localization rate of some models to over 40%, meeting the RVC (Regional Value Content) content criteria to enjoy the 0% tax rate. when exporting to ASEAN markets; at the same time exporting auto parts, gradually joining the global value chain. The most exported products are bumpers, passenger car belts, car tweezers, passenger car seats … Main export markets include Korea, Japan, Russia, Philippines, Kazakhstan, Malaysia, Singapore, Turkey, Bangladesh, Thailand, Indonesia, Australia, Germany. Right in the first quarter of this year, Thaco exported more than 200 cars and spare parts to markets in Thailand, Myanmar, Japan and South Korea. This is the largest shipment ever, including Kia passenger cars, buses and trailers, produced at factories in Thaco Chu Lai Industrial Park. Kia passenger cars manufactured by Thaco are increasingly appreciated by customers in ASEAN countries because their quality is equivalent to cars made in Korea, meeting the global Kia standards and competitive prices. In the plan of 2021, Thaco will export 1,480 cars to Thailand and Myanmar and expand to other markets, step by step realizing the goal of becoming a hub for manufacturing and exporting cars and spare parts of Kia Motors. in the ASEAN region. Also in this phase, Thaco’s buses were exported to Thailand for VOLVO Buses Company – the world’s largest bus manufacturer, belonging to VOLVO Group. Meet VOLVO’s requirements for technology, quality, safety and competitive price; reaching the localization rate of over 60% and meeting the standards and certifications in Thailand (in terms of design, size, ECE certifications …), Vietnamese-brand Thaco buses have been selected by VOLVO Buses. choose import and distribution. This shipment will pave the way for a plan to export 66 buses to Thailand and Korea this year. Currently, Thaco continues to invest in building new industrial supporting factories towards automation; Establishing Mazda car parts manufacturing factories when the output is large enough (50,000 units / year) by form of joint venture, association, technology transfer with partners who are component suppliers of Mazda Japan Copy; joint ventures and cooperation with foreign partners to invest in the construction of factories producing export products in THACO Chu Lai Industrial Park. In 2021, Thaco will research and develop new products such as PU closed mold, aluminum die casting, plastic blow molding, guide spindles and manual silver in molds, cutting knife – cos presses, product pushers. products in plastic molds. The factory also invests in modern specialized machinery and equipment (small 5-axis CNC milling machine, 3-dimensional coordinate measuring machine, fast mounting system for CNC milling machine, high-speed machining technology, machining technology. processing of hard materials…) to increase production capacity; at the same time, cooperating with mold manufacturing and precision mechanical processing partners to form a nationwide supply chain.

Weapon type: bow

Weapon characteristics: Long-range weapons with high mobility, which can apply various debuffs, and can also bring powerful buffs to teammates and online players.

Basic operation:

【aim】

LT

【shooting】

RT can be stored

Accumulation is divided into stages. After the first stage is designed, the second stage can be stored according to RT immediately, and so on

Close attack

A

Just shot/ Just shot

A after RT shooting

Increase damage based on the current charge stage

Filling the bottle

X

Dragon Arrow

X+A

Long charge, high damage, can’t be interrupted

Curved shot

RT+A

Three types

The recovery type gradually restores strength

The knowing type increases the knowing heart rate within a certain period of time

The impact resistant type will not fall back when attacked for a certain period of time

Accumulate step

B in the charged state

–Special bottle tank–

Press and hold LT+ X/B to select up and down

Melee bottle

Increase the power of close-range attacks

Blast bottle

Hit the monsters will accumulate, and when accumulated to a certain value, it will cause fixed damage.

Attack bottle

Increase the arrow’s attack power by 1.5 times.

Poison bottle

Normal attack anomalous attributes, accumulated to a certain value will be poisoned.

Paralysis bottle

Normal attack anomalous attributes, accumulated to a certain value will be paralyzed.

Sleep bottle

Normal attack anomalous attributes, when accumulated to a certain value, it will sleep.

Reduced gas cylinder

Hit the monster’s weakness to accumulate absolute value.

Wire Worm Technique

Bowing

RB+X

Squat down after jumping backwards, stamina quickly recovers, and there is an invincible frame when jumping

Rigid bow

RB+A

Use the larva to move at high speed in the direction of the joystick, gaining the attack power buff within a certain period of time

In “Monster Hunter Rise”, the bow is the most flexible in the category of long-range weapons, but at the same time the endurance consumption is also the fastest. The excellent output performance and auxiliary performance make it very popular in multiplayer online. The bow can increase the damage by accumulating power, but the endurance consumption is also fast. After proficient in the operation skills, the bow’s moves can also be quickly accumulated. After being proficient, the hunting efficiency will be greatly increased. As a long-range weapon, the bow is also one of the weapons to be used in the later stage. That is to say, it is best to use other efficient weapons to open up wasteland. In the later stage of the game, it can be changed to a bow. It can become a “skip class” due to its quick-hand characteristics and high output strength in the later stage One of “weapons”.

“Let’s live up to the new era and go on a new journey together”, hosted by Shenzhen Private Equity Chamber of Commerce, Private Equity Ranking Network, and co-sponsored by Huabao Fund and Century Securities, Ping An Securities, China Securities, Yunxi Fund, Hongxi Fund, Co-organized by Senrui Investment, specially co-hosted by Shenzhen Local Financial Supervision and Administration Bureau, specially supported by the People’s Government of Futian District, Shenzhen, and supported by the Fund of Funds Research Center as a strategic support unit The 15th China (Shenzhen) Private Equity Summit Forum kicked off on April 22, 2021 at the Futian Shangri-La Hotel, Shenzhen.

Zhao Yuanyuan, vice president of Shenzhen Qianhai Jianhong Times Assets, has been engaged in securities investment research for 15 years, master of economics from Southwestern University of Finance and Economics, CFA holder. He once engaged in macro strategy research at Guotai Junan and other securities firms, and was shortlisted as the best analyst of “New Fortune” in 2009. He successively served as a fund manager in public equity institutions such as Caitong Fund and Huashang Fund, and won the 13th China “Golden Fund” Partial Equity Mixed Fund Award. The 1-year, 2-year, and 3-year champions of private equity strategic products (private equity ranking, data as of the end of 2020).

Zhao Yuanyuan, Vice President of Shenzhen Qianhai Jianhong Times Assets

The following is the full text of the speech:

The host has already introduced that our company is the champion of the stock strategy group in 2020, and we are also the champion of the stock strategy subjective long strategy in the past 5 years (the scale of 100 million to 100 million). At the same time, I am also the ranking net in the first quarter of this year. The champion of the stock strategy fund manager ranking.

Since last year, our company has changed from managing its own funds to raising capital from outsiders. Everyone may be curious about why our products have performed very prominently in the past two years. Looking at this performance curve, we have not only made a good profit, but also a very small drawdown. We are one of the few companies in the market that can control the drawdown very small while achieving high returns.

Everyone would like to know our strategy very much. Today I will be very frank with you colleagues to exchange our strategy. no doubt, Stock selection is very important, and we have done a very outstanding job in this regard. But if only relying on an excellent stock selection strategy, can the performance be so smooth? The answer is no. We think that we can make the performance curve so smooth by timing . Many friends don’t trust the timing strategy so much, but I will tell you why we can do this timing strategy well.

I remember that in January this year, many reporters and friends came to interview and asked what do you think of the championship spell? The so-called championship spell is that if you win the first place last year, it is usually possible to fall to the bottom half in the second year. . This is how I answered. Of course, this is my personal understanding, not necessarily correct. What is the reason for the championship spell? The first is that many fund managers are good at stock selection, and they are only good at stock selection. Such fund managers generally have their own ability boundaries, and they tend to be in the direction that they are familiar with, such as growth, such as consumption or For medicine, choose a company that has been thoroughly researched in the field you are familiar with.

We say that a good company does not necessarily perform well in every period. After all, it is a stock. As a stock, it will definitely be affected by the macro cycle or market risk appetite. If your investment target is also confined to a single field that you are good at, it may appear to be very good in the field you are good at last year, but due to the rotation of styles in the second year, the performance of that industry will not work. At this time, the so-called championship spell appeared.

We made good use of a macro cycle last year, and many times our stock picks also benefited from the epidemic. But if I just rely on this, it cannot explain why this year, I have still been able to win the championship in the stock strategy group. Our timing strategy is to ensure that in every economic cycle or every monetary cycle or style preference cycle, we can select the best performing industry at the time. Only in this way can we ensure low retracement and high returns. If it is always confined to one industry or one type of industry, there will be a relatively large drawdown. This is the first point I want to emphasize, The important reason for ensuring low retracement is the timing strategy.

Second, whether the championship spell can be broken or not depends on whether the strategy itself is objective. Although we call the subjective stock strategy, we are not actually making decisions with our heads. In our timing strategy, every step of our decision-making is based on objective economic data. Whether it comes from macro or market data, we are all Rely on these objective variables to guide the operation. If a company that won the championship does not rely on objective strategies to guide operations, but rely on subjective judgments to operate, there may be a “championship curse” problem.

There are many methods for timing strategy, quantification is one method, and we adopt a top-down macro strategy. Why use this? Or why I think I can use this strategy well, but this strategy is not suitable for everyone? This has something to do with my background.

Why can I do a good macro strategy? First of all, I studied economics in my school, and my macro skills are very good. Later, I did 7 years of macro strategy research in an institution like Guotai Junan. At that time, the direction was the allocation of large-scale assets and industry allocation. When should I take a high position and when should I buy which industry? This is what I studied at the time. The direction, after seven years, has laid a good foundation. Compared with those fund managers with industry research background, my way of thinking may be quite different from him.

Second, I later worked as a public fund manager for 5 years. In these 5 years, I basically applied my previous top-down strategy to my public offering products. In public offerings, position restrictions and individual stock restrictions cannot optimize this strategy, but as the strategy gradually matures, we have also achieved good returns during the public offering, ranking in the top 14%. After the private placement, because my position can change drastically and the industry configuration can also be extreme, I have maximized the advantages of this strategy. This is what everyone sees that I have achieved in private equity.

This is myself, Why should I do a macro top-down strategy and timing strategy are related to my discipline and background.

Let me introduce our team. Mr. Bian I work in an insurance company. Everyone knows that insurance companies manage large funds. Mr. Bian is also very accurate in the general direction, and he guides us. Although I said that the macro can guide us to do some asset allocation, after all, it cannot be refined to the daily operation, because in my experience, the macro variables can guide the weekly level operation is already very good, but if you want to refine it to the day level In fact, it needs some other indicators and other capable people to cooperate.

We also have two outstanding fund managers, Chen Zhihui Sir, his way of thinking is slightly different from mine. He pays great attention to the signal reflection of the market itself. Mr. Guo It is our quantitative fund manager, and we also have a relatively small amount of quantification. Relying on Mr. Guo and Mr. Chen, they cooperate with the two fund managers in front of us who are guided by the macro, and we can refine our operations from cycle to day. This is our team.

The performance has just been introduced. Let’s go directly to our top-down investment strategy.

What is the first important factor that determines the stock index? Maybe many people like to use the economic growth rate to be linked to the stock index. This method is correct, but it is not entirely correct. Only when there is a sharp turning point in economic expectations, we will judge the stock index by economic growth. The so-called sharp turning point refers to a major event such as a trade war or an epidemic that can greatly reverse economic growth expectations. Only then do we need to consider the impact of economic growth on the index.

Last year there were two significant adjustments: one was the outbreak of the epidemic in China. The second time was the outbreak in the United States, and these two times led to market adjustments. Maybe some people didn’t pay much attention to it when the news of the epidemic first came out. But it only took me an hour to study this. The RNA virus is a single-stranded ribonucleic acid that can be recombined with any other nucleic acid fragments. The variability of this virus causes this matter to not end so quickly. So before the Spring Festival, we reflected on this matter. This is the first factor that affects the index, the economic expectation has a big turning point.

What is the second factor? It’s currency. Everyone may look at different monetary indicators. Some people look at interest rates. I remember that when the market adjusted last week, a sell-side analyst came out and said that our social financial data was not as good as expected, but I personally didn’t think so. Because in all the research I have done, there is only one macro variable that affects the index, that is, the base currency. Only it has a great correlation with the index, so I can’t tell the story by looking at the social financial data. In my case, social financial data affects the price of industrial products, and social financial represents the currency flowing into the real economy. Our index not only considers the liquidity of the real economy, but also considers the virtual economy, especially the virtual economy.

The basic data is the sum of the currencies issued by the central bank, and it also includes the virtual economy and the real economy. Only by considering this can it be complete. This law is not only established in China’s A-shares, Hong Kong stocks and the US S&P 500 are most closely related to the base currency, or the size of the debt side of the central bank’s balance sheet.

For example, there was a wave of small adjustments in January this year, which was one or two weeks before the Spring Festival. What happened to the base currency at that time? In fact, there are many variables for us to track the base currency reference, such as reserves, such as targeted loans, these are all possible. Another important reference variable is the central bank’s attitude towards the interest rate corridor. We should not stare at the open market operation itself, but should look at the background of the open market operation under what interest rate background, and what shape he wants to describe the interest rate corridor.

From this perspective, on January 15th, the MLF was shrinking at that time. That was the reason for the market adjustment in January. We judge the central bank’s monetary policy in two dimensions, the first is forecasting, and the second is tracking. Forecast, what can you look at? Generally speaking, we look at inflation and economic growth. These two data are more reliable.

When the market adjusted last week, some sellers said that our inflation data was too high, which would allow the central bank to collect currency. I also hit X in this sentence. why? In fact, when we look at whether an economic variable has an impact on the central bank, we need to look at its comparison with its target value. For example, for inflation, the central bank’s target for this year is 3%, but according to my forecast model, the highest value of CPI this year will be around 1.9 in May and around 2.1 in November, which means that the level for the whole year is certain. It is below 2, which is far from the 3% target. For the rest of this year, there is no need to consider whether inflation will affect the central bank’s monetary policy, and no need to consider at all.

in contrast, Economic growth will actually have a greater impact on the central bank’s monetary actions . The GDP in the first quarter was not as good as expected, and the two-year compound growth rate was only a few 5% points, which has not yet reached the 6% level. Especially in the manufacturing industry, the first quarter was very poor. In this context, I think it is unlikely that the central bank will make monetary adjustments in a tighter direction at the Politburo meeting. This is my judgment. It depends on which economic variable the central bank is mainly considering at the time, and what the target value of this variable corresponds to. Therefore, this year there is no need to consider inflation, only growth.

In addition, the central bank may also consider other things. For example, when the RMB appreciated the most against the US dollar last year, the central bank said at that time that our monetary policy should consider employment. What’s the meaning behind this? The exchange rate is related to exporting companies, and exporting companies, especially small and medium-sized export companies, are very important entities for employment. So what the central bank said at the time meant that if the renminbi continued to appreciate in this way, we would release the water. I think The meaning behind him is this. Fortunately, within two months, the U.S. dollar began to appreciate against the renminbi, so the current exchange rate does not need to be considered, but at that time, the currency policy of the central bank did not need to be considered.

There is also an unconventional factor. For example, the base currency was actually very abundant in November and December last year. It was because of the large number of defaults on credit bonds at that time. The central bank took some unconventional measures in order not to proliferate this matter. The currency was released in November and December. This can also explain why the currency will start to be collected on January 15, when it was not particularly obvious at the time, but it was indeed shrinking. It is because at the end of last year, the liquidity of credit debts needs to be corrected in January, because the problem of default of credit debts was not so obvious in January, and there is no need for the central bank to do anything. So the central bank accepted the currency in January.

Just now I told you how to predict the monetary policy of the central bank, looking at the distance between conventional economic indicators and economic targets, and considering some unconventional economic indicators in light of the current situation. Conventional economic indicators are inflation and growth, and unconventional economic indicators include credit debt and so on. If it is not pre-judged, you can also track some of the high-frequency behavior of the central bank. If it is a stock index futures, it will be easier to understand. If the MLF is shrinking on January 15th, you can empty the stock index that day. This is an explanation of the January adjustment.

After February, everyone knows that we have continued to do the MLF in the same amount for three consecutive months. In other words, in these three months, the global index or, specifically, the Fed’s liquidity will affect the index. The Fed’s liquidity is a very important factor that led to the adjustment of the Shanghai and Shenzhen 300 Index on February 18. Why cut from domestic monetary policy to foreign countries?

Because the domestic economic variables at that time were completely meaningless, and the same amount was continued for 2, 3, and 4 for three consecutive months. When domestic currency changes can no longer guide you to look at the index, you must consider foreign ones. Because we track the Northward funds every day, we calculate the correlation between the Northward funds and the CSI 300 every day. Once we find that the correlation between the Northward funds and the CSI 300 analysis graph has improved on many trading days, the focus should be shifted to foreign countries at this time. Liquidity.

In addition, we also need to look at the real interest rate of US Treasury bonds, the ten-year real interest rate, the exchange rate of the US dollar against the RMB, and the MSCI emerging market index. Beginning in mid-March, U.S. Treasury bonds began to plummet, and emerging market indexes began to plummet. At that time, the exchange rate of the US dollar to the RMB also began to figure out, and it was in an upward direction. In addition, the correlation between Beijing Capital and the CSI 300 has begun to increase, and at this time the focus should be on changes in foreign liquidity.

Why did the Shanghai and Shenzhen 300 plummet at that time, and the so-called Baotuan Baima stocks represented by food and beverages began to collectively slump? It is because at that time, as the number of new crowns in Europe and America dropped every day, crude oil and copper began to skyrocket. Once this phenomenon occurs, it is natural to think that the capital or foreign capital will begin to withdraw from the A-share market.

The most sensitive to the Fed’s currency is emerging markets or some highly valued U.S. varieties The so-called risk assets are the most sensitive to the Fed’s currency. Once such a phenomenon occurs, we can know that foreign capital is about to go, and that all the baijiu that foreign capital has heavy warehouses should go away first. I will talk about industry configuration next. This will not only affect my judgment on the index, but also my judgment on industry configuration or market style. This is how domestic and foreign liquidity affects the index.

Up to now, in recent weeks, since the daily number of new crowns in the United States has flattened out, capital from the North China has not flowed out, and liquor beverages have bottomed out. At this time, I returned to focus on domestic monetary policy. Why did the market fluctuate in the last two days and everyone always said that the central bank adjusted its monetary policy? It is because now that we no longer care about foreign countries, the number of new additions in the United States has been flat. Later, if I want to predict the next market index, I may also focus on the expected changes in domestic liquidity.

In fact, when the macro cycle fluctuates greatly, for example, last year, it was judged that the stock index should contribute a lot to the performance. But like this year, I think that the possibility of obtaining excess returns is not a judgment on the stock index, but a judgment on the industry.

What industry when? What I have listed here are the contributions of all fund managers in our investment department, which I think are good tracks. In January, when I was interviewed by many media, I made it very clear that the four industries I am optimistic about this year are intelligent automotive, the second is carbon neutrality, and the third is demand-side reform. Next comes advanced manufacturing. But this does not mean that I bought these stocks. These are two different things. This is the difference between research and investment.

These stocks are well studied just to put the stock pool in. When should they buy carbon neutral? When to buy an intelligent car? When should I buy the value economy and lazy economy listed at the end of my list, and when should I buy these for consumption? This is another timing system to answer this question. This is more of a bottom-up stock selection. This should be the most similar to its peers. It is to pick a good track first, and pick a good stock from a good track, just like its peers. But the next point I want to talk about is that I am different from my peers, that is, I am optimistic about these things, when I will buy them into my stocks.

Three factors are mainly considered:

The first is market risk appetite. The most important reference factor is interest rate or spread.

The second is the funding trends of institutions, which are more of game thinking.

The third is the verification index, echoing the same industry.

The first risk appetite , I see a lot of information every day, all kinds of good and bad, should we turn the news we read every day into our trading behavior? In fact, you need a framework like you to filter this information. For example, I currently have more than 500 WeChat groups, and I don’t know how much information is available every day. Let’s filter inside, what can be transformed into your buying behavior, and what can’t?

First of all, the first point is to judge the risk appetite of the market. The most reliable way is to look at how the market responds to the news. For example, in the past two days, a policy for electrified energy storage has been issued. How do the stocks of relevant electrified energy storage reflect? If it rises before the news comes out, but does not rise after the news comes out, how does the stock react to the good news? This way of reflection directly reflects risk preference. But this is a bit subjective. I said that our strategy must be objective, and the strategy must be linked to actual data.

The objective data I pay more attention to include: For three-year government bonds, or the spread between ten-year and two-year periods, credit spreads are occasionally looked at. This concretizes my judgment on risk appetite. Why look at the three-year national debt? This is the relationship between the three-year Treasury bond and the industry that performed best in the past five years. It can be seen that the industry that performed best when interest rates fell is generally the cycle or growth, or theme.

If interest rates are rising, the best performing industries are either big consumption or big finance. Why is it a three-year period? I personally understand that because generally speaking, the interest rate of treasury bonds for a period of one or two years reflects the liquidity of the market, while the interest rate of the forward period, like a ten-year period, contains information on liquidity, inflation expectations and risk appetite inside. If the interest rate difference is made, the ten-year period minus the two-year period will only have risk appetite, while the three-year Treasury bond interest rate has both liquidity and risk appetite information in it.

After the Spring Festival last year and before May 1st, interest rates fell sharply, and the currency and finances were both loose. At that time, it should be selected in the growth and cycle. Combined with the situation at that time, in terms of stock selection, due to the sharp drop in interest rates at that time, everyone had a high tolerance for risk, so instead of choosing some transformation stocks, they performed better than IDC stocks in the main business. This is an example from last year.

Interest rates began to rise on May 1st last year, and this upward trend basically continued until December last year. After May 1st last year, we participated in several relatively good industries. One was medical supplies, such as gloves. Later, he participated in new energy vehicles, and finally participated in a little bit of liquor. Why did you choose these industries? Because the entire interest rate is in an upward cycle, we should be biased towards large consumption in terms of industry selection.

Everyone remembers news about semiconductor shortages and price increases. In fact, it started in the third quarter of last year. In the third quarter of last year, we often saw such information when reading the news, but then we saw the information about semiconductor shortages and price increases. At that time, would you buy semiconductors? My answer is no. why? Because the semiconductor is a TMT industry, it is essentially a growth-type industry. When the interest rate rises sharply, the performance of the growth-type industry is unsatisfactory. This is how I rely on the risk appetite system to guide me to choose the industry and the news we see.

However, this strategy is not very easy to use after February this year, so my chart has not been updated because interest rates have flattened since February. At this time, we can no longer use the framework of risk appetite to do industry configuration. Instead, we should look at another major factor that affects industry configuration: the game of capital. We know that the preferred industries of Beijing Capital and Insurance, and the preferred industries of public offerings and individual investors are slightly different.

For example, carbon neutrality. When I was interviewed in January, I listed it as my second industry optimistic. But I didn’t buy it. The time when I really bought carbon neutrality was after the Baima stock group collapsed, that is, after February 18. Why did you choose this time? Just now I told you how I used the U.S. Treasury bond interest rates, exchange rates, emerging market indexes, and the correlation coefficients between Northbound funds and the Shanghai and Shenzhen 300 ticks to determine when the Great White Malaysia stocks collapsed.

Because in January, the discussion was in full swing when the group would collapse. In fact, I don’t think there is any need to participate in the discussion. There are really many objective indicators. You can stare at these economic indicators. The four indicators I mentioned earlier will know when to escape from liquor stocks and home appliances. Or the industry preferred by foreign capital.

The reason why carbon neutrality can only start slowly after February 18th has a lot to do with the escape of Beijing capital from A shares. , If there is no such factor in it, I don’t think it will be fully involved in the theme of carbon neutrality. But at that time, I cut out everything related to consumption because I saw the outflow of funds from the north, which led to a change in the industry style of the entire market. Because we are a stock game, when the big white horse does not work here, funds will definitely look for some hot spots in the small and medium caps. But how many positions you have to take to participate in this kind of theme investment should also be judged based on the performance of the white horse and blue chips at the time.

In addition to the collapse of the White Horse stock market, there is another factor for carbon neutrality, that is, everyone expects that this industrial policy will come out before and after the two sessions. Therefore, we also cooperated with the timing of the two sessions and chose to participate at that time instead of participating when we told reporters in January. This is an example I cite. At certain times, for example, when our risk appetite or interest rates begin to not guide you to judge the industry, how do you judge the industry configuration from the perspective of institutional gaming?

The third is the verification indicator. There is another special thing in the past two years, that is, our industry allocation must consider not only the domestic economic cycle, but also the foreign economic cycle. In theory, according to the logic diagram I just mentioned, after November last year, cyclical stocks should have no chance of performance, because there is neither loose currency nor loose finances. From November last year to February this year, the strength of cyclical stocks was actually related to foreign economic cycles.

The reason why it started in November last year is because the vaccines were distributed after they passed the test. After about a month later, we saw that the number of daily new additions in the world began to decline. The situation of cyclical stocks in the past was actually a special case. This happened when the economic cycle quarters of China and foreign countries were not balanced. , It is basically synchronized in normal times. At this time, you can completely follow the logic diagram model I showed you before to layout, and judge whether to participate in cyclical stocks based on currency and finance. Now, it may be necessary to consider not only the domestic economic cycle but also the foreign economic cycle.

Cyclical stocks had a wave of performance in February. In fact, as early as January, the cyclical industry began to emerge strong stocks. In March, the concept of carbon neutrality appeared again, and the cycle showed another expression through this east wind. In this process, we saw a phenomenon, that is, within the cycle of the entire large industry, in fact, each sub-industry is rising in rotation, such as non-ferrous, black, and chemical industries. Assuming that in a large industry, only a few industries are rising. This industry cannot be said to be particularly strong. Only when all sub-sectors in a big industry are rising in rotation, this industry is strong enough. This can be a good explanation for the previous cyclical stock market.

Back to the present, as I said, both domestic interest rates and changes in foreign liquidity expectations have flattened out. At this time, we cannot rely on these two factors to judge. This state may be maintained from April or even to the first half of May. There is no obvious dominant state among cycle, growth, and consumption. This is related to the flattening of currency interest rates and the flattening of foreign liquidity expectations.

But on the other hand, it can be verified from the middle view that there are only one or two special strengths within each major industry. For example, in the past two days, medical beauty and liquor, or the entire alcohol and medical beauty are relatively strong. But other consumer branches are not so strong. Going back to an earlier point, the smart car line should be the strongest in the TMT field, but if you look at other branches, such as the panel or the Apple industry chain, these will not work.

What i want to say is At present, there is no industry that possesses the middle view to reflect internal rotation, that is, there is no inter-correspondence relationship within the major industries. This is a reference indicator. I think the first two indicators may be the focus of my consideration. This is my industry. The method of configuration. I tell you so much. It’s not about how to select industries from top to bottom. It’s more about how to use this framework to filter information when you see a piece of news to decide whether to transform it into Your trading behavior.

Looking forward to the future, From February to May, domestic interest rates were flat. But I think that starting from May and June, our inflation will start to go down. This has something to do with the trend of commodities, such as the South China Industrial Products Index and crude oil. At the same time, referring to the difference between the growth rate of base currency and social financing, I think it will enter a downward channel for the PPI in May and June. For people who do stocks, what is the reference meaning of this information to us? That is, our risk appetite should be improved, and we should pay more attention to growth stocks. To put it bluntly, we can also pay more attention to some story-telling stocks.

There is no performance this year, but the performance may be reflected in the next two or three years. Like this type of stock, such as autonomous driving, I think there will be no performance in autonomous driving this year. The most optimistic situation is that there will be performance next year. To cite this example is that when your interest rate starts to go down, this kind of stock that can only reflect performance in the future, but can not reflect the performance now, you can also participate. When interest rates rise, this kind of thing should not be involved.

If the interest rate goes down after May and June, everyone can participate in this kind of growth, or the storytelling in which performance is reflected in the future but not in the present. So recently many reporters have asked me whether I am optimistic about wine or banks. I think I am optimistic about May at most, even my favorite medical beauty, after May, it is impossible to participate in such a large position .

This is my industry prediction for the future based on my judgment framework.

But in fact, there are still many uncertain factors, including what I said about whether foreign capital will come in and out in the future. I can’t tell you my judgment now, because I look at the number of epidemics every day. There is also, for example, the relationship between China and the Western world. Some time ago, China and all Western countries had very fierce conflicts on the ideological level. Will this conflict be transformed into a trade conflict in the future? Affect the trend of A shares, or the trend of industry allocation? Foreign investment is more sensitive to the political situation, will it have an impact on industry allocation and index? I can’t judge right now. I can only say that there is a string in our psychology. In the future, if something I said happens, for example, the overseas epidemic suddenly goes up or down, or the conflict between China and the Western world suddenly intensifies. It has penetrated into the trade level again. At this time, the judgment of the industry and the index is different. But now I tell everyone that my judgment on the style after June is based on the information I have now.

Stock picking is not my strong suit, so I’ll make it simpler. The stocks that can enter our stock pool must be stocks with no major fundamental problems. In terms of stock selection preferences, I also have a focus. When should I participate in stocks with medium and small market capitalizations that are highly elastic? Usually it happens when I think the market risk appetite is high, or when I am prepared to participate in this topic for a short time, I will look for that kind of stock. When do you choose to participate in the industry leader? Of course, if you can, you can also double the participation in margin financing and securities lending. In fact, it will happen when the market risk appetite begins to ebb. I think that if I have been involved in this industry for a long time, I may choose some that have performance support. This is a rough idea.

Let’s show our scoring system for entering the stock pool, and scoring each stock. There are basically these four latitudes:

The first latitude is how the product industry’s track is. This should be the most weighted, basically accounting for 40%.

The second is that the company’s competitiveness must be consistent with the key elements of the industry. For example, if you give a score to Amic, will you carefully analyze whether the ingredients in it are degradable? will not. Because when you look at a to C consumer product, your focus or the basis for scoring should be his brand power, not his technical threshold. For example, when choosing advanced manufacturing stocks, is the scoring basis based on brand power? not necessarily. The scoring basis should be based on technical barriers.

As for cyclical stocks, timing is the most important. If cyclical stocks can influence the spot price through the monopoly of the industry and hoarding stocks, if there are actions in this respect, it should also be a bonus. In other words, when scoring a company, it is based on its industry attributes and from different angles. This is the second point I mentioned. The competitiveness of the company must be consistent with the key elements of the industry in which it operates.

The third is the company’s strategic thinking and actions, whether it is consistent with the future development direction of this industry. For example, the future of automobiles is new energy and intelligent. Does the company pay enough attention to the future development path of this industry? In terms of the degree of importance the company’s leaders attach to, investment, and finding strategic partners, are they moving in this direction? We look at so many car-making forces in China today, and some new car-making forces are particularly sensitive to intelligence, such as Xiaopeng. But in other companies, he seems to feel that his actions are half a beat slower than others in this regard, and the investment is not particularly enough, which will cause him to score very low on the third item.

Fourth is the company’s own governance , Not much to say here. For example, this is what everyone recognizes as a big white horse. This is the text when I had a meeting with Betteni last year, and I haven’t changed a single word until now. I just give an example. As a consumer goods industry, he can score high in the three items I just mentioned. Why is it said that the sensitive skin track is better than the average skin care track because of the current excessive medical beauty and staying up late. Vibrato and excessive skin care. The second is to look at the double eleven rankings. Look at the rankings of skincare apps. He is relatively high, so he scores the second highest. The third is the marketing strategy. As a new brand born from online marketing, it has adopted online direct sales from the very beginning and found a large number of doctors to do live broadcasts and deliver goods.

I won’t say more about other examples, because time is running out, thank you for listening.

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

PIA will provide Bamboo Airways with maintenance, repair and warranty services for aviation equipment … Professional partner Under the cooperation agreement, when becoming a strategic partner of Bamboo Airways, the Aviation Technical Service Center under PIA Group Joint Stock Company will provide Bamboo Airways with maintenance, repair and warranty services. aviation equipment such as maintenance, overhaul, and upgrade of aircraft equipment; supply of spare parts for aircraft and aircraft equipment; providing aircraft equipment rental services and special technical services of international standards. Along with that, the Center also provides technical training services to support human resources for Bamboo Airways as well as for other airlines; designing, manufacturing, replacing aircraft interior details and many other ancillary services. Regarding the selection of the Aviation Technical Service Center under PIA Group Joint Stock Company as a strategic partner, Bamboo Airways leaders said that the two sides have gone through a close working process, learning the capacity of the work in a far-reaching way. “Always putting safety and punctuality ratios on top, Bamboo Airways has very strict requirements for technical units. For the Aviation Technical Service Center of PIA Group Joint Stock Company, this is a maintenance facility with the most modern equipment system in the region. In particular, many stages have been automated to limit errors caused by human factors. Currently, in the field of aircraft equipment maintenance in Vietnam, there are few domestic units that have a serious and methodical investment like PIA ”, said Nguyen Ngoc Trong, Deputy General Director of Bamboo Airways. concentration. PIA meets very strict requirements from Bamboo Airways. Mr. Nguyen Ngoc Trong added that, in addition to being approved by the Vietnam Aviation Administration for the rating, the aircraft maintenance facility must pass the inspection process carried out by Bamboo Airways internally to assess the status of equipment. tools, human resources, inventory, … to ensure the provision of high quality services and to strictly comply with all strict requirements of the manufacturer as well as the authorities. In addition, partners must be available 24/7 to promptly process requests from the airline regardless of day and night, which helps to minimize waiting time to ensure the aircraft is operating in good technical condition. , fly on time. Long-term strategy fit Since its inception, Bamboo Airways has positioned itself as an airline towards 5-star standards. The strategic cooperation with PIA is in line with Bamboo Airways’ strategy of modernizing and professionalizing its fleet and flight operations team in the coming years. It is known that since cooperating with PIA, Bamboo Airways has been able to on-site maintenance of many equipment instead of sending abroad as before. In addition to saving direct costs, the turnaround time is also shortened, creating favorable conditions for the technical assurance of the fleet. Since cooperating with PIA, Bamboo Airways has been able to on-site maintenance of many equipment instead of sending them abroad. The field of aviation engineering in Vietnam still has a lot of room for development. In fact, many equipment is not too complicated but still have to be regularly sent abroad for maintenance, causing costly such as: in-flight kitchen equipment, entertainment equipment, float boats, slide troughs. , aircraft interior … Bamboo Airways expects PIA to continue to expand its capacity to repair and maintain many aircraft equipment in the future, thereby creating a solid foundation to accompany Bamboo Airways on its journey to become an airline. most reputable and safest aviation in the region and in the world. “With the right vision and serious investment, PIA Group aims to provide professional and professional aviation services. This is clearly shown in the slogan and also a criterion for all activities of the Group – Professional Aviation Services – Professional Aviation Services, ”said Doan Van Phuong – Chairman and CEO of Group Joint Stock Company. PIA said. PIA Group was established in 2013, headquartered in Hanoi. The Group includes many member units operating in multiple fields such as aviation, transportation, tourism, construction, real estate … In particular, the PIA Group’s aviation services include machinery maintenance. flight and aircraft equipment, ground services; supply of flying fuel, airline meals; freight; aviation agent; pilot training … Taking service quality as a guideline, putting the interests of customers as a priority in all activities, Aviation Technical Service Center in particular and PIA Group in general are constantly striving to provide optimal solutions. to best meet the needs of customers according to 3 criteria: Professionalism – Responsibility – Creativity. Along with that, the management team, technicians of the Center are recognized for having high professional expertise, years of experience in the industry and full capacity to ensure service quality according to the standards of the home. aviation authorities …

Rihanna has collaborated with several famous brands such as Dior, Manolo Blahnik, Stance Socks, Puma and River Islan. However, independent projects are what sets her apart in the fashion and beauty fields, according to her WWD . Behind the name Fenty Beauty Rihanna’s first business – Fenty Beauty – has launched an unprecedented 40-tone line of foundation creams, setting a new standard for diversity. Voice Diamonds want women everywhere to be able to use it, regardless of skin color or style. The brand launched in 2017 in partnership with Kendo Beauty division from luxury group LVMH. This “handshake” allows Rihanna to leverage her marketing and product development savvy into the beauty industry. Rihanna’s love for makeup began when she was a child. Photo: V Magazine. One of the benefits of this combination is access to all sales data from Sephora as well as other LVMH beauty brands. The partnership with LVMH gives Fenty Beauty the infrastructure needed to launch the brand globally. After years of playing among the best makeup products in the industry, Rihanna has seen a “void” for products that are suitable for all women of all skin tones. That is the inspiration behind Fenty Beauty. “I always love looking at my mother and all her funny expressions in front of the mirror. The first time I put on makeup was when I was 16 for a school beauty contest. Since then, I can never look back at my skin without foundation, “the businesswoman shared Time. Rihanna’s beauty brand was named one of the magazine’s best inventions of 2017 Time . By 2019, Fenty Beauty launches products with 50 shades. This helps her brand stand out from its competitors. Rihanna’s beauty brand is widely supported. Photo: Getty. Fenty Beauty has produced products of higher quality than its competitors. In 2014, Rihanna registered a trademark for Fenty Beauty. She spent more than 2 years creating the right recipes before the product dropped in price. Entrepreneurs born in 1988 never want the brand to become a project in a hurry. One girl even cried while hitting Rihanna’s foundation because it matched her skin color. The first release products are considered by many to be reasonably priced and accessible to a wide range of customers. After a month of launch, Fenty Beauty has reached a turnover of 72 million USD. Get rich with lingerie brands Following the success of the beauty brand, Rihanna continues to launch lingerie brand Savage x Fenty (established in 2018) in partnership with TechStyle. Savage x Fenty has 90 underwear, pajamas and accessories models in many colors and sizes. Within a month, 90 product styles of the brand were sold out. Since she couldn’t find the right nude lingerie to wear in her see-through dress back in 2014, Rihanna wanted to supply products for all skin tones. This product line carries a positive message about the body. Savage x Fenty is not meant to please men. The brand emphasizes “fearlessness, confidence and inclusion”. Its presence serves as a wake-up call for lingerie retailers around the world. Most companies are constantly striving to create the personality of their buyers, targeting focused to help them segment the market. Song Rihanna ignored that trend. This is the key to her success. Rihanna continues to use the same strategy as Fenty Beauty for the lingerie brand. Photo: The Impression. Fenty Senior Vice President Jennifer Rosales – explains Savage x Fenty for everyone. “Everything she does makes people feel beautiful. They feel empowered, empowered, to be the best version,” Jennifer Rosales said. During the 2019 fashion show, the brand introduced many models, including transsexuals, with disabilities, with different body sizes. According to Jennifer Rosales, Rihanna goes against what is considered the norm. “Technically, Savage x Fenty 2019 is a fashion show. But Rihanna is not remake of the things that existed on the catwalk. She has raised the show concept. If the world turns right, we will. go in the opposite direction, “said senior vice president. Not stopping at female audiences, Rihanna also targets male customers. The businesswoman once again broke the barrier on the show Savage x Fenty Vol.2. An oversized male model performs at her first men’s underwear collection. The brand’s website also features many oversized male models. This decision attracts interest from the online community, encouraging men with large bodies to feel sexy. Rihana’s lingerie show includes an oversized model, older … Photo: Getty, Harper’s Bazaar, Vogue. Besides, actress Demi Moore, Luenell also participated in the show. Rihanna ensures that all sex, body size, and age have the ability to shine. According to the Inc It is the attention to the smallest details that makes a big difference in the minds of customers. “Everything is thought through in detail,” said the voice We Found Love share in documentaries. In mid-February, Forbes said Rihanna’s lingerie brand reached a valuation of $ 1 billion through a fundraising round. Before this round of fundraising, her estimated stake in the company was about $ 80 million. Last year, Rihanna’s lingerie brand saw over 200% revenue growth and increased the number of VIP members by more than 150%. While with Fenty Beauty, Forbes Rihanna’s stake is estimated to be worth $ 375 million. Rihanna has made history as the first woman to create an original brand at LVMH.

In the special signing ceremony, there was the participation of Mr. Nguyen Huynh Dang Khoa – General Director of Co., Ltd. OH Pocket General Hospital and Mr. Vu Thanh Trung – Member of the Board of Management – Director of Military Bank of MB Bank. The signing ceremony was in the presence of Mr. Nguyen Huynh Dang Khoa – General Director Dr. OH and Mr. Vu Thanh Trung – Member of the Board of Management – Head of Banking Division, MB In the context that non-cash payment is one of the solutions concerned by the Government, promoting non-cash payments in medical examination and treatment is inevitable. According to the cooperation agreement between MB and Dr. OH, MB will provide Dr. OH cashless payment solutions. From there, customers using the service can pay more easily and conveniently. Mr. Nguyen Huynh Dang Khoa – General Director Dr. OH is sharing about the growth path and the potential that the partnership is heading towards In addition, MB’s digital banking services will be integrated into Dr. Software. AI – the standard pharmacy management software according to Decision No. 777 / QD-QLD dated November 27, 2018 and Decision No. 540 / QD-QLD dated August 20, 2018. This helps customers to Order medicine anywhere and receive medicine anytime with smartphone on the DR app. OH and MB. With that, MB will coordinate with Dr. AI deploys Dr. hospital management software AI HIS, includes functions such as: hospital information management, payment solution integration, wallet solution integration for hospitals and clinics in Vietnam. This software is expected to create a breakthrough in the field of medical examination and treatment, bringing a better experience to customers. The signing ceremony ends with the handover of flowers and souvenirs by representatives of the company Dr. OH and Military Commercial Joint Stock Bank representatives Also included in the cooperation agreement is the development of the Dr. wallet platform. OH – MB. Accordingly, customers using MB’s services can link their MB account with Dr. wallet. OH. Through that, Agents / Associates / Customers of Dr. OH is implemented including but not limited to transactions of deposits, deposits, cash withdrawals, transfers, payment for goods and services, collection and payment, COD delivery and other services.

China pushes up chip production for technology autonomy In addition to “Made in China 2025”, China also has a “dual circulation” strategy, with the ambition to introduce new technology standards different from the West. Fast but unstable With this new strategy, China moves towards a self-sufficiency policy, reducing dependence on foreign countries. Specifically, with semiconductor technology, China will mobilize its own human resources to develop a new-generation chip research, design and production network to disrupt the isolation created by the US. The trade war with Western countries is seen as a reminder to the Chinese leadership that the country cannot depend on imports but must develop domestic core technology and pursue leaps and bounds. technology, especially in essential industries like semiconductors. China has set out many goals to realize its ambition such as: fostering a contingent of domestic technology talent, building high-tech companies with global influence to expand the model of “sovereignty network “in order to strictly control the Internet. In addition, there is securing secure information infrastructure, enhancing state censorship and surveillance in the digital space, and building a managed and enhanced digital economy. network security capabilities. Beijing has also stepped up building a “digital China” towards fulfilling its future technological ambitions of the world in the fields of quantum computing, 5G, semiconductors, and blockchain technology. (blockchain), big data, artificial intelligence (AI), cloud computing and robotics. With the aim of accelerating the technology autonomy plan, China Development Bank prepared more than $ 60 billion in loans for more than 1,000 key businesses in its strategic innovation plan, and raised $ 30 billion for a new government-backed microchip fund. From March this year, news that Eastern Communications, a subsidiary of China Putian Information Industry Group (Potevio), will restructure and merge with China Electronic Technology Corporation (CETC) to make surplus. attention comment. The reason is that Potevio and CETC are both state-owned enterprises, run by the China State Assets Supervision and Administration Commission (SASAC). Potevio is an enterprise specializing in manufacturing telecommunications equipment, such as components for 5G infrastructure, server systems, memory, automatic teller machines. Potevio’s strengths relate to wireless communication and security. Meanwhile, CETC is the main supplier for the Beihou satellite system and is known to be a software and service provider for the Chinese military. The company also participates in the development of a Chinese version of the Windows operating system and develops many other areas such as the manufacture of semiconductors and antennas for 5G networks, and equipment for technology. self-propelled vehicle. The merger is intended to enhance the CETC’s resilience from US sanctions against the group’s companies, including Hikvision, the world’s top security camera maker. However, although China is actively promoting domestic technology development, it is difficult for observers to reach its goal of technological autonomy. In the past, Beijing had planned to spend 2.5% of its GDP on research and development, but actual spending has yet to reach that target. One area that has struggled with China is microchips, where most electronic products depend on it. In the past, Chinese companies were confused by the extremely complicated chip manufacturing process, so they decided instead of researching, they imported most of the necessary semiconductors. Over the years, although the government has supported the Chinese manufacturers to develop some chip manufacturing capabilities, the results have not been as expected. According to the Semiconductor Industry Association, Chinese chipmakers have received government subsidies of up to $ 50 billion over the past 20 years. Domestic companies also benefit from tax exemptions, free land, concessional loans, and priority purchases. Despite progress in chip design, China’s problem lies in its ability to produce high-end chips. China is currently only able to make mid-range chips because making semiconductor chips requires high precision. Many doubts The gradual technological autonomy has led China to a bolder plan: to export technology abroad. The dominant Chinese products in the world market are drones, laser equipment, equipment used in space technology, 3D printing, telecommunications equipment … China has taken advantage of Belt and Road Initiative (BRI) to implement this plan. Through the BRI, in Africa, China provides loans, exports technology and builds infrastructure to countries such as Guinea and Kenya, while exploiting the natural resources of the leading country. private. China has organized a number of technology fairs, digital economy with many countries participating in BRI such as: Digital technology fair with 17 countries in Central and Eastern Europe belonging to Group 17 + 1; Digital technology forum with 5 countries in Central Asia including: Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan. These fairs aim to launch 1,334 digital and information technology projects along the “Digital Silk Road” corridor with 3 continents of Asia – Europe – Africa, of which, the focus is on regions. : Southeast Asia, Central Asia, Central Europe, Eastern Europe and East Africa. At the same time, to deploy new types of technology such as Internet connecting things, big data, digital infrastructure and project “Smart Africa” ​​with 26 countries in Africa. Major Chinese technology companies such as Huawei and ZTE expand their “Digital Silk Road” plan through Chinese-built fiber-optic networks, as well as equip local authorities with monitoring tools. Internet monitoring and censorship. There are no official technology export statistics for 2020, but the most recent report said that in 2019, China’s technology exports reached a trade value of 32.1 billion USD, equivalent to import value. This is a miraculous development, because 6 years ago, the proportion of export – import was 1 – 2. However, the technology “made in China” still caused many doubts. Observers say that Chinese companies are exporting “next generation surveillance systems” in several regions of the world, including Latin America. Venezuela alone, with the help of Chinese telecommunications conglomerate ZTE, has built up a database that can track citizens’ behavior through citizenship. The use of big data for security purposes is acceptable to the general public in South America, but after being widely used, those systems can be misused for espionage purposes. Moreover, according to observers, the Chinese technology industry, although developing rapidly, is not stable. This country has not mastered the technology of new generation chip production that the US, Japan, and South Korea are very proficient in. China’s domestic chip production will only meet 15.9% of the country’s demand in 2020, said IC Insights, a semiconductor research company in the US, compared with 15.1%. in 2014.

Ms. Nguyen Thuy Duong – President of EY Consulting Vietnam, Vice Chairman of Fintech Club, Banking Association: Scale as a venture capitalist

Survey results on digital transformation in the Vietnamese banking industry show that 42% of commercial banks are building a digital transformation strategy; 28% of commercial banks have been implementing digital transformation strategies integrated with business strategies; 11% of commercial banks have approved and are implementing their own digital transformation strategy; 70% of credit institutions (CIs) are willing to deploy from an average level or higher with the following technologies: Mobile devices, open data connections according to application program interfaces; data analysis, standardization of electronic information according to the international financial electronic information standard ISO 20022; customer support (chatbot, virtual assistant …). In which, data analysis is the most widely used technology in credit operations (over 53% of credit institutions).

In the digital age, every credit institution needs to think like a strategist, innovate like a startup, design like a technology corporation, scale as a venture capitalist.

Mr. Pham Xuan Hung – Head of Supervisory Policy Research and Coordination Committee, National Financial Supervisory Commission: There are still many legal gaps

The development of digital banking in Vietnam is facing a number of limitations and difficulties such as: The legal gaps for digital banking development remain many; legal bases only focus on non-cash payment activities, such as digital signature authentication; identify customers; protecting consumers’ interests in financial services; protect user data privacy. The legal framework often lags behind technological developments.

In addition, the strategy for investment in the financial foundation technology is slow and inconsistent; There are still many shortcomings in sharing data between fields. There are still many limitations on information technology resources in digital banking development; Communication and consumer awareness raising (between regions) have not been strengthened.

Overview of the Forum “The future of digital banking strategy in Vietnam”

In order to accelerate the digital transformation process, state management agencies need to soon complete the legal framework in the areas of: Limited Online Customer Identification (eKYC); the bank’s trust agent system for non-cash payment services, digital banking services; policies on information safety and confidentiality in electronic transactions to protect the legitimate interests of customers; electronic banking process, supervise digital banking activities.

Commercial banks need to study and build a digital transformation roadmap; appropriate resource allocation for investment in new technology; promote banking digitization and develop pure digital banking.

Mr. Pham Xuan Hoe – Former Deputy Director of Banking Strategy Institute: Risk management, security, confidentiality

Digital technology is gradually changing the forms of providing financial and banking services. Digitalization helps commercial banks save 60-70% of costs and access more and more to digital banking services, integrating multi-dimensional in providing full financial services.

Digitalization has created a big change in the banking industry in terms of customer experience, more difficult banking, less loyalty; The increase in non-intermediary activities, in other words, the intermediary role of commercial banks will no longer be a unique position in the market, but will be replaced by online provision on technology platforms (the platform of P2P lending or P2P payment).

The emergence of huge data sources and integrated automatic collection processing and analysis by Bigdata technology will create a turning point in revenue development on a large scale. Technology development requires a change in the legal environment (open perspective) to reasonably support the development of new financial-banking business models.

Vietnamese commercial banks are mostly in the second stage (digital transformation), having implemented digital banking at the transition level in terms of processes and communication channels, while converting to new data platforms. deployed at some pioneering commercial banks. In order to develop digital banking in the future, it is necessary to have an open and balanced view that encourages innovation in policy making; National database and connection is the foundation for digital financial services.

Commercial banks need to strictly implement solutions to risk management, security, confidentiality, and consumer data assurance; take advantage of technology in capacity assessment and training to retain talent; need a database strategy. In addition, the Government’s support for policy is indispensable.

Survey results on digital transformation in the Vietnamese banking industry show that 42% of commercial banks are building a digital transformation strategy; 28% of commercial banks have been implementing digital transformation strategies integrated with business strategies; 11% of commercial banks have approved and are implementing their own digital transformation strategy …

Although the legal battle between Epic Games and Apple (US first instance trial) will take place in May, right now the related developments of the case continue to attract attention from the public. .

A few days ago, the Australian trial was postponed for the third time, but the legal documents show interesting information. The Epic Games Store lost approximately $ 181 million in 2019 and nearly $ 273 million in 2020, showing that since its launch in 2018, the company has never been profitable. Also, in 2021, Epic Games’ expected loss is about $ 139 million.

According to Apple forecasts, the business of Epic Games by the end of 2021 has lost $ 600 million after 3 years. To be profitable, Epic Games may have to wait until 2027.

The thing has been predicted from before

In fact, Epic Games has previously confirmed that the Epic Games Store will not be profitable until 2023. On loss information, Tim Sweeney, CEO of Epic Games, is very optimistic: ” Although Apple calls it a loss, in my view it is an investment, which is also the basis for bringing huge profits in the future.

Although the CEO of Epic Games is confident about profitability, it still cannot change the fact that they have “lost”. As a company that owns Unreal Engine tools, the loss of 450 million USD in the past 2 years is beyond the imagination of many people.

In this case, with the backing of the Unreal Engine being used by most of the developers, the Epic Games Store took up to 4 years to be profitable causing people to question whether or not the business strategy is. “Take profit as a profit” of company leaders?

Free business strategy

According to the official data Epic Games published before, the progress of the game store in the past 2 years is very clear. By 2020, the total number of users on the Epic Games Store will reach 160 million, up 56% from 108 million in 2019. Besides, daily active users reach 31.3 million in 2020, increasing 192% and total user time is 5.7 billion hours, up 70%.

But the problem also lies here, in this era, an emerging gaming platform can achieve such a marked growth, spending money is an inevitable option.

According to the New York Times, in 2020 alone, Epic Games has invested about $ 444 million in the monopoly of the game, with Control of 505 Games alone, the amount amounted to 10.45 million USD. Such a huge investment, in exchange for a one-year monopoly of several games, is also Epic’s best weapon for taking the market from Steam.

But Epic’s revenue from these exclusive and third-party games is relatively limited. In 2020, players spent $ 700 million on the Epic Games Store, which is only $ 20 million higher than in 2019. Of which, revenue from third-party titles is $ 265 million, only up $ 14 million compared to 2019. Apple estimates show that if you count transactions in 2019, Epic will lose at least $ 330 million in exclusive expenses.

Of course, in addition to investing money in exclusive content, Epic Games also promotes a free business strategy to attract new users. The $ 450 million loss is mainly due to this business method. According to Epic’s official data, from 2019 to 2020, the platform distributed 180 games for free, with a total value of up to $ 3,862 (US price) with 950 million purchases. This is actually a buy 1 get 1 free, but with a free gift for buyers, Epic Games has to pocket money for the developer.

On the one hand, they’re spending money on game companies and developers for exclusive content, on the other, they’re out-of-pocket attracting players who aren’t willing to pay. After all, in terms of business, Epic Games is the one to lose.

A healthy competition

Indeed, for developers, whether their game has a chance of being included by Epic in the Epic Games Store (471 games in 2020) or directly on Steam, Epic’s arrival makes a difference. special. For the gaming industry, the PC games market is no longer dominant enough and only acts as an incentive for competition. If Epic can gain a foothold, Steam’s upcoming business strategy must also change.

With the strength of the Unreal Engine, Epic Games Store can completely use competitive tactics to disadvantage Steam. However, to challenge Steam’s position is not easy, especially keeping players from paying fees, Epic Games has too many obstacles to overcome before making any profits.

Of course, competition is inevitable and is also a necessary factor for the development of the market. Whether healthy competition can be maintained, that depends pretty much on the final court ruling after the legal battle between Epic Games and Apple is over.