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How to handle Covid-19 cases when adapting safely?


Narrow blockade; F0 treatment according to local conditions and patient’s wishes; only F1 centralized isolation if they agree, are new points when safely adapting to Covid-19.

On October 15, Assoc. Prof. Dr. Nguyen Thi Lien Huong, Director of the Department of Health Environmental Management (Ministry of Health), said that the policy of safe adaptation to Covid-19 is to accept a certain number of F0 in the community. copper. However, localities need to effectively control Covid-19 to maintain stability and develop business.

The response solutions when detecting community infections in a safe adaptive state have many points inherited from the previous anti-epidemic phases, while adding some new points.

With F0Ms. Lien Huong said the principle of treatment is early detection, prompt treatment at a medical facility or at home. According to the Government’s regulations, the treatment of F0 at home applies at all 4 risk levels, based on the guidance of the Ministry of Health and the decision of the local government. The principle is to be suitable for the collection and treatment conditions of each place; ensure living conditions, living conditions and aspirations of infected people.

From mid-July 2021, some places such as Ho Chi Minh City and Binh Duong have piloted the isolation of asymptomatic F0 at home. By mid-August, the home treatment model of F0 in these two localities was expanded to include patients with mild symptoms. The Ministry of Health also has instructions, along with a bag of drugs to treat F0 at home. In addition to Ho Chi Minh City and Binh Duong, other localities are currently applying F0 treatment at medical facilities.

Professional guidance on safe adaptation of the Ministry of Health on October 13 suggested that localities develop plans for the collection, care and treatment of F0, especially ensuring emergency resuscitation beds (ICUs). Hospitals both treat Covid-19 cases and treat other patients.

Medical staff in Linh Tay Ward (Thu Duc City), Ho Chi Minh City examine and distribute medicine for F0 to treat at home, September 3. Photo: Quynh Tran

When F0 is detected, The scope of the blockade of the outbreaks must be the narrowest, maybe just a cluster of a few houses or a part of a village or hamlet, according to Ms. Nguyen Thi Lien Huong. With apartment buildings, it is possible to blockade some adjacent rooms where F0 is located instead of the whole floor or the whole building as before. The zoning of the epidemic must ensure the principle of “minimizing the impact on the people”.

So compared to the past, the new point in the safe adaptation phase is that F0 can be treated at home (countrywide) and the blockade of the outbreak must be as narrow as possible.

With close contact (F1)Ms. Lien Huong said the principle is to be tested and screened early. Depending on the risk factors, the epidemic situation, the extent of the outbreak, the locality will decide who or the area needs to be tested.

Ms. Nguyen Thi Lien Huong said that F1 is the elderly, people with underlying diseases, pregnant women, people under 18 years old are isolated at home, with a caregiver in isolation. With the other F1, the form of isolation is still applied according to the current guidance of the Ministry of Health. Accordingly, the guidance of the Ministry of Health from mid-July 2021, allows F1 to be isolated at home if there is a separate house or an apartment in a dormitory or apartment complex, if there is a private, self-contained room. This guide applies nationwide.

The Government’s current regulations clearly state that if the Ministry of Health guides isolation at home, but the locality has a safe place, it can be isolated in concentration. However, the centralized isolation must be agreed by the individual subject to quarantine.

“If F1 does not agree to go to concentrated isolation, the localities must let them isolate at home. The condition is that F1 must ensure the requirements for private rooms and houses,” Ms. Huong said.

From an expert perspectiveAssoc. Prof. Dr. Do Van Dung, Dean of the Faculty of Public Health (HCMC University of Medicine and Pharmacy), said that the ultimate goal of isolating, treating F0 as well as treating F1 is to limit the spread of disease. out to the community.

He suggested that, for localities with high vaccination rates, when F0 is detected, it should be classified soon. F0 with mild symptoms, no symptoms or vaccinated, are isolated and treated at home. F0 new severe symptoms need to be hospitalized. Because according to the guidelines of the World Health Organization (WHO), once vaccinated, the rate of F0 severe disease and death will decrease.

Measures to prevent epidemics with F1 in areas with large vaccine coverage should also be relaxed. Mr. Dung analyzed that in the past time, many places where F0 has been detected will consider all employees in the same workshop as F1, forcing all to be isolated. This measure causes many F1s to go to concentrated isolation or at home, unable to participate in other activities, leading to the risk of breaking the production chain. “Long-term application of such anti-epidemic methods makes it difficult for businesses to restore production and business, affecting socio-economic development,” Dung warned.

From the above approach, Mr. Dung suggested that the vaccinated F1 participate in social, labor, production and business activities, instead of having to isolate in concentration or at home. The authorities only monitor the epidemiology and require these people to comply with 5K, test every 2-3 days.

Associate Professor Nguyen Huy Nga, former Director of Preventive Medicine (Ministry of Health), also suggested that whenever F0 is detected in the community, instead of tracing F1 like before, localities only need to notify, so that F1 knows. and proactively apply appropriate isolation measures. F1 is also recommended to buy the test yourself to do the test, if positive, notify the health agency.

The house in Long Thoi commune, Nha Be district, Ho Chi Minh City is the place to isolate F1 at home, July 2021.  Photo: Dinh Van

The house in Long Thoi commune, Nha Be district, Ho Chi Minh City is the place to isolate F1 at home, July 2021. Photo: Dinh Van

Doctor Truong Huu Khanh, former head of the Department of Infection – Neurology, Children’s Hospital I, Ho Chi Minh City, suggested that before calculating and applying appropriate measures, each locality must consider the vaccination rate, especially population at high risk of death.

“Where there is widespread vaccine coverage, there is no need to trace and isolate F1. F0 just need to stay at home to self-monitor their health,” he said.

Provisional Regulations Safely adapting, flexibly, effectively controlling the Covid-19 epidemic, promulgated by the Government on October 11, applied uniformly across the country.

The government classifies four levels of disease risk, including: Level 1 (low risk – new normal), blue; grade 2 (medium risk), yellow; grade 3 (high risk), orange; level 4 (very high risk), red. The criteria for assessing the level of the epidemic are based on the vaccination rate; number F0 community/100,000 people/week; treatment capacity.

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Can Hamilton finish without a tire change in Turkey? – VnExpress


The controversy within Mercedes in the middle of the race last weekend made many spectators think that Lewis Hamilton had lost many valuable points when following the direction of the home team.

Faced with the opportunity to finish in the top 3 or even win, Lewis Hamilton has repeatedly rejected advice from Mercedes when they remind him to change tires and when to change tires. Hamilton started in 11th place but by the time the race was only 15 laps, the British star had risen to fourth and could see rival Max Verstappen right in front of him.

Verstappen went to the pit to switch to new intermediate tires and Hamilton, despite having worn tires, still kept the pace. Under those circumstances, it’s not uncommon for Hamilton to turn down a pit request. The home team’s reminder, according to Hamilton, is “still a risky choice”.

Hamilton was disappointed when the defeat in Turkey cost him his personal top spot to Max Verstappen. Photo: AFP

If the British driver does not change, his tires can hold long enough to finish on the podium. In this case, if the track dries quickly at the end of the race and the drivers have to return to the pit to switch to dry-weather tires, then the chance of victory is even within Hamilton’s reach. However, this choice is risky as Hamilton’s tires can lose significant traction in the last laps and he could plummet to sixth or even seventh place. Or a tire could blow out from wear and force him to give up – worst case scenario.

But if Hamilton goes to the pit, he will definitely drop to fifth. There will be a chance to finish fourth or maybe even third, but risky overtakings will determine success or failure. “If I don’t change the tyres, you don’t know if I’ll hold my position, but I’m a risk taker so I’d like to take the risk. It’s hard to give up something when you don’t get a look. overall,” Hamilton said.

Mercedes gave Hamilton a few minutes to weigh the pros and cons and make his own choice. But in the end they called about the pit. The British driver then finished fifth and was eight points behind Verstappen, who now leads one of the tightest title duels in years by six points with just six races remaining in the season. .

Who was right? Should Hamilton stay to the end, betting the tires will work and he can keep third? Or should the British driver listen to the home team and go to the pit as soon as they ask for the first time, 10 laps before Hamilton actually goes to the pit?

Even looking back at racing, it’s hard to be certain of the correct answer, though with nearly 15 years of experience in F1 and seven world championships, Hamilton’s racing intuition is arguably one of the best. The most valuable weapon Mercedes has in this team’s tactical arsenal.

At about 20 laps, the track is gradually drier, there are still some sections of the road with rain, but there are very few puddles left. The fact that it stopped raining was not enough to switch from a rainy tire to a normal tire. So some racers delay changing tires to wait for the road to dry completely before returning to the pit. In the case of returning to the pit early to switch to normal tires like Sebastian Vettel (Aston Martin), he encountered a disastrous race when he had to return to the pit one more time to return to using rainy tires.

The rain made the race in Turkey a real brainstorm.  Photo: AFP

The rain made the race in Turkey a real brainstorm. Photo: AFP

The rain subsided to drizzle and completely stopped in the second half of the race, but the track never really dried up. Assuming that an intermediate tire is capable of draining 30 liters of water per second from the track surface when it is traveling at 300km/h, one would expect that 20 cars with four tires each would be fast. quick drying of the track, but that didn’t happen in practice.

Before the race, the Mercedes computer model predicted the track would be dry on lap 10, while Hamilton himself predicted the road would start to dry on lap 30. However, after 58 laps, the road was still not ready for the race. normal tires, making tactical calculations much more complicated.

At this time of transition, changing to a new tire is also difficult when the operating temperature range of the tire in the rain is lower than that of a normal tire. The super-soft compound on the intermediate tire has “granulated” on the surface, meaning that the top layer of rubber rolls into tiny balls that stick to the tire’s surface instead of splashing out onto the track. For the first few laps, the racers will struggle to achieve performance until the problem is solved, the rubber on the tire surface starts to smooth and then bring out its true performance.

Therefore, the problem of controlling the temperature of the tire when changing a new tire causes a headache for racers, in many cases the tire surface has become grainy after only a few rounds of new tire change and the performance declines rapidly. Two drivers changing tires at this time, Charles Leclerc and Hamilton, both struggled with this problem, leading to them being nearly overtaken by their opponents behind. However, after only a few rounds, they all passed the challenge.

Overall, when looking back at the race, the right time to stop the tire is between laps 35 and 42, when Red Bull called Verstappen and teammate Sergio Perez, and Mercedes called Valtteri Bottas to the pit. Before Perez returned to the pit in lap 37, the Mexican driver fought fiercely to hold Hamilton and hold on to fourth place. After Bottas and Verstappen’s pitfalls, they remained ahead despite temporarily handing the lead to Ferrari’s Charles Leclerc, who ran impressively in third for more than half the race.

When the race is only 18 laps, the gap in the top 4 is only 15 seconds. Hamilton is only three seconds behind Verstappen and both are about the same speed. At this point, Hamilton and Leclerc both found they had more than enough power to maintain the starting tires until the end of the race. So when Mercedes first called for the pit, it was not uncommon for the British driver to refuse. However, the situation quickly reversed after a few rounds.

Suddenly, Leclerc’s tires began to deteriorate rapidly and Bottas after a few laps of stability with the new set of tires soon shortened the distance and easily overcame the opponent to regain the top position when the race was only 10 laps. Hamilton has yet to change the tyres, but now Mercedes believes the game is settled. Hamilton’s tires were pitted and the German team feared they would soon fail.

Some of the racers’ tires were worn out and Pirelli immediately advised the teams not to run the starting tire until the end of the race. Mercedes knew they were in the middle of the line and now had to adopt a recovery strategy soon so they decided to call Hamilton in for a tire change.

They still let Hamilton go free for the next few laps in the hope of a safety car, but time passed without incident on the track. Mercedes finally asked the British driver to pit with still a chance to finish in fifth place, ahead of the potentially dangerous Pierre Gasly. They found that the longer the delay, the greater the risk of breaking the battle.

Around this time, Mercedes also correctly concluded that Hamilton’s current intermediate set of tires would not be able to complete the race. Monitoring the temperature, they could see that the British driver’s performance was rapidly declining, and looking at the tire with the naked eye, they could start to see some of the core part of the tire rising above the left front tire. The white threads in the core become visible when there is no more rubber on the tire surface and it is clear that Hamilton is at risk of not only deterioration in performance but also possible tire failure.

Hamilton finally finished the piston while running 3rd on the 50th lap, when the race was only 8 laps. At that time, the British driver was slower than Perez by one second per lap, but led by 12.5 seconds. But in the next laps, even though Hamilton had new tires, the Mexican driver still ran faster each lap by about a second.

Hamilton's car.  Photo: AFP

Hamilton’s car. Photo: AFP

Had Hamilton not changed his tyres, he would have had to defend with a 10 or 11-second advantage over eight laps against a car that was two seconds faster each lap and a Leclerc not far behind Perez either. This will be a huge challenge even if Hamilton’s tires don’t degrade in the next laps.

A real-life example of a racer who managed to maintain the starting tire until the end of the race was Esteban Ocon, who suffered a severe drop in performance by 3-5 seconds per lap in the last few laps. After the race, Ocon and Pirelli admitted the French driver had too much luck to be able to finish so safely.

After returning to the track with a tire change, Hamilton still had a chance to take fourth place from Leclerc, but things did not go well for him. Hamilton’s tires quickly became grainy in the next laps, instead of chasing Leclerc, the British driver fell behind and tried to keep a safe distance with Pierre Gasly in the back.

Even after talking to the engineers, Hamilton seemed unsure if they were making the right call. “You have to listen and rely on the advice of the home team and accept the choices they make and hope it’s the right choice,” he said after the race. “I always say that we win and lose as a team. I listened today. Should I not change the tyres? Who knows if it’s right or wrong? Some people have fallen deep and panic in the area. the last stage. If I don’t change the tyres, I’m not sure I’ll hold my position.”

Mercedes chairman Toto Wolff said: “There were two options that sounded pretty good. Unfortunately, the rate of decline was much faster than expected. We were about to fall under the threat of Gasly and us. forced to go to the pit to keep at least 5th place. If we had to do it again, we would have played 10 laps earlier and fought on the right track and probably finished third or fourth.”

Chief engineer Andrew Shovlin said Mercedes’ goal is to ensure safety and minimize risk: “Lewis is always looking at what’s ahead and what’s best he can get and we won’t. expected nothing but disappointment in 5th place. He understood the reason. It was just disappointment. There was a time when he thought he would be on the podium but it didn’t come true. The decisions made are rational and in a championship war you must avoid risks and eliminate losses to the maximum extent.Although these decisions are difficult, you must be strong and you have to do them to be safe.”

Minh Phuong

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What impact does the Evergrande shock have on Vietnamese real estate?


The debt bomb Evergrande (China) indirectly warns of potential risks of Vietnam’s real estate market in the face of difficulties caused by the pandemic.

At the talk show Looking from the Evergrande case to the future of Vietnam’s real estate marketAccording to experts, the debt crisis of hundreds of billions of dollars of Chinese real estate tycoon is a warning lesson about potential risks for Vietnam because there are many similarities in the structure of the real estate market.

In the context that China’s real estate market development model has many similarities with Vietnam, experts believe that the Evergrande debt bomb does not directly affect but can indirectly warn the potential risks of the market. school.

An Evergrande project in Jiangsu province, China. Photo: Bloomberg

Dr. Nguyen Tri Hieu, a banking and finance expert, said that from the lessons of China’s Evergrande, Vietnam’s real estate market has a number of risks that need to be warned early. Like China, Vietnam allows real estate developers to raise capital from customers to sell houses formed in the future. Millions of Chinese people have paid deposits to buy houses and contributed money to Evergrande to develop housing projects in recent years.

If Evergrande goes bankrupt, millions of homebuyers who pay on schedule will be severely affected. Similarly, future home buyers in the Vietnamese market also bear a lot of risks when investors face financial difficulties.

Mr. Hieu analyzed that Vietnamese law allows real estate investors to raise capital to sell houses formed in the future. Currently, the Law on Real Estate Business 2014 has a provision to guarantee the sale of houses formed in the future to increase a protective barrier for homebuyers on paper.

However, up to this point, he said, it is not clear how many projects are guaranteed by the bank, the number of guarantee certificates issued, the number of successful guarantees and how many disputes over the issue. this temple. In the market, there have been cases where many projects announced that they had a bank guarantee, but when something went wrong, home buyers lost everything and were not protected.

Real estate market in District 2, East area of ​​Ho Chi Minh City.  Photo: Nhu Quynh

Real estate market in District 2, East area of ​​Ho Chi Minh City. Photo: Nhu Quynh

In addition, from China’s Evergrande shock, it shows that real estate enterprises are always facing the risk of exploding bad debt crisis and Vietnam, with the capital structure of real estate enterprises is not sustainable, also faces challenges. similar risks.

According to Mr. Hieu, the risks of the real estate industry always go hand in hand with the risks of the economy. The third quarter of Vietnam’s GDP dropped sharply due to the heavy impact of the fourth Covid-19 epidemic, showing that real estate can hardly rely on the support of the economy to recover after 2 years of struggling against the epidemic. In the third quarter, the whole economy froze, making these businesses exhausted in paying bank loans.

At present, real estate businesses may not be able to repay debts because they can still manage or be extended, but in 2022, when debt maturity approaches, many real estate businesses assets will face great financial pressure.

“Real estate bad debt will increase, and real estate enterprises’ massive issuance of bonds in the past time can also create unpredictable consequences. The real estate industry still uses short-term loans for medium and long-term investments as well as for long-term investments. At this time, it is not advisable to draw a rosy scenario and then shoot yourself in the foot,” warned Mr. Hieu.

Meanwhile, Dr. Dinh The Hien, a banking and finance expert, said: “The Evergrande debt bomb had a big impact on the Chinese market, but the incident did not affect the Vietnamese real estate market.”

The root cause of the Evergrande debt crisis, according to this expert, is that the Chinese government wants to actively control the real estate bubble in the host country, unrelated to the markets outside the territory.

According to Mr. Hien, Evergrande’s $300 billion debt crisis is set in the context that China and Vietnam have some similarities: selling houses formed in the future, most people prefer to accumulate assets from real estate and real estate. enterprises borrow debt, issue bonds to develop projects. These similarities only indicate that there is reason to be concerned about the psychological effects, but they are not significant.

Mr. Hien assessed, Vietnam does not have real estate companies raising capital by international bonds on a large scale like China. Vietnam’s monetary policy in the past 4 years has been well controlled and the State Bank has also strengthened supervision of real estate loans, with a roadmap to protect the safety of the commercial banking system.

This expert acknowledged that, although not affected by Evergrande’s debt crisis, Vietnam’s real estate market is experiencing low liquidity problems due to the heavy impact of the Covid-19 pandemic and the recent lockdowns. occurred in the third quarter.

Mr. Hien forecasted that, in the fourth quarter, when the blockade is lifted and gradually reopened, the real estate market will need at least 6 months to gradually regain the recovery momentum in the condition that Vietnam’s economy soon accelerates and maintain stability.

Trung Tin

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The situation reversed after a year of receiving FDI waves


Once a favorite destination of the wave of FDI displacement last year, Vietnam is now “losing points” when production stalled for a long time because of the epidemic.

A year ago, the successful control of the epidemic made Vietnam “score”, becoming one of the centers to welcome the wave of investment displacement from China. In the context of global businesses accelerating the diversification of supply chains, discussions about “cleaning the nests for eagles and sparrows” took place.

Last year, Vietnam also entered the list of 20 largest foreign direct investment (FDI) economies for the first time with 16 billion USD inflows. While global FDI decreased by double digits, this capital inflow in Vietnam has maintained its performance, almost flat.

However, the outbreak of the fourth wave of Covid-19 along with prolonged blockade measures in the economic locomotive of Ho Chi Minh City and neighboring provinces, is changing the situation. Some FDI enterprises said they were “rethinking”.

Prime Minister Pham Minh Chinh shakes hands with European business delegates during a dialogue in mid-September this year. Photo: VGP/Nhat Bac

The numbers are showing, the loss of FDI orders to your country – is no longer a threat, but a reality.

A survey from mid-August by the American Chamber of Commerce in Vietnam showed that 20% of them have moved a part of their orders out of Vietnam, 14% are at the intended stage. Besides, 13% stopped working, 50% operated under 50% capacity.

Similarly, the European Business Association also said that 20% of businesses have moved some production activities in Vietnam to other markets.

Trouble becomes more serious with retailers that export apparel and footwear. They are no longer unfamiliar with the situation of production interruption because of Covid-19, but the shutdown of the factory in Vietnam is a big incident. The production machine shrank or even stopped working, right in the busiest season of the year.

Workers fold clothes at a factory in Binh Thuan.  Photo: Bloomberg/Getty Images

Workers fold clothes at a factory in Binh Thuan. Photo: Bloomberg

Share on CNBC, analyst Camilo Lyon of financial services company BTIG said that the impact of the production shutdown in the third quarter is not the worst, the problem will get worse when entering the fourth quarter and possibly coming. first half of next year. It may take 5 to 6 months for the factory to return to normal from the time it reopens.

For some businesses that haven’t figured out how to adapt effectively, bringing orders back to China is the least worst way to prepare for the shopping season.

With big brands reliant on machines made in Vietnam, they’re also finding a way around. Since mid-August, Nike and Gap have been part of a group of more than 80 shoe and apparel companies that have sent a letter to US President Biden calling for accelerating vaccine funding for Vietnam because “the health of the US garment industry depends directly on the US economy.” health of Vietnamese industry”.

The good news is that in the electronics manufacturing segment, Samsung and LG are still expanding production in Vietnam. However, according to experts, this is only a temporary solution to compensate for the lost capacity in the Southeast. The production plan of the enterprise certainly still has to be recalculated.

In that context, Vietnam is missing the opportunity when it cannot meet production demand when the world economy and consumer demand recover.
Takeo Nakajima, Chief Representative of JETRO Hanoi and Vice President of the Japan Business Association in Vietnam, said that if restrictions continue for several months, global companies will not be able to compete and forced to find alternatives. The Covid-19 recovery map is quickly changed, Indonesia two months ago was very negative, but now, they are superior to Vietnam.

Mexico was once engulfed in an epidemic – at that time part of the order was shipped to Vietnam thanks to good disease control. But now capital flows have reversed as Mexico improves. Or like in Thailand, despite being affected by the epidemic, they still maintain production activities, there is no phenomenon that businesses have to move orders.

Also according to Mr. Takeo Nakajima, for Japanese businesses before Covid-19, the risk when doing business in Vietnam was “salary increase” and “unclear regulations and administrative measures.” Now, “medical disqualification” and “too strict precautions” are new risks to their operations.

Besides, the prolonged closure not only causes many orders to be diverted out of Vietnam but also delays potential FDI inflows.

According to Mr. Vu Tu Thanh, Deputy Regional Executive Director of US-ABC, in the context that Vietnam’s anti-epidemic policy has not been clearly implemented, the biggest risk is manufacturing enterprises. Large scale will only see Vietnam as an additional capacity market instead of a strategic area, Mr. Thanh assessed.

Today, Vietnam and neighboring countries have become important production centers of the world. Production disruptions in the ASEAN region have a negative impact on global supply chains.

The Prime Minister’s recent message about “living with Covid-19” is good news not only for the FDI sector but also for many businesses. According to a representative of the US-ASEAN Business Council, the message needs to be quickly turned into concrete action. In addition to the criteria for epidemic control, Vietnam needs to take specific measures to ensure safe production and business, create favorable conditions for people, workers, etc., to ensure goods and people participating in traffic flow. goods through, without blocking the river to ban the market.

Associations of FDI enterprises warn that investment will not increase without a clear plan to reopen and recover. Even the investment plans of existing businesses are being delayed, due to uncertainties. New potential investors will not be able to come without reasonable policies for entry. The quicker the policymaker’s action, the less the loss.

The sentiment of the business a month ago was still positive, but so far, Mr. Vu Tu Thanh said, the situation is getting worse and worse. “We see that the health situation has improved, but the loosening and opening-up policy has not changed. This sends a negative message to businesses,” he said.

The 4th wave of Covid-19 left “di testify In the short term, Vietnam is still considered an attractive destination thanks to its solid macro foundation.

The fourth wave of epidemics along with strict anti-epidemic measures shocked American businesses, which according to Mr. Thanh, would leave “afterglow”. How long this sequelae lasts depends on specific government policies enacted in the next 1-2 months. The “off – on” thinking of Vietnam’s economy so far is a purely medical approach. Policymakers believe that when opening according to the 30%, 50% or 70% roadmap, businesses will operate at that capacity. But businesses do not think like that.

For large-scale order FDI enterprises, the most important thing is the stability of the supply chain. Even if the economy is allowed to reopen, businesses will not operate at the capacity that policymakers expect. Enterprises will look at the market to see which capacity level is the most feasible and stable, depending on the market’s anti-epidemic approach, Thanh said.

According to Mr. Vu Tu Thanh, the impact of the 4th epidemic on FDI flows is an expansion or new investment plan of a billion-dollar club group in the export of electronics, leather shoes, apparel, and furniture. difficult to guarantee as committed before. For capital-intensive industries such as energy, the picture will be brighter if the Government can handle the basic bottlenecks from which FDI can increase sharply.

The number of FDI orders in Vietnam decreased, but representatives of associations also emphasized that it does not mean that businesses leave Vietnam.

During the mid-September meeting, Eurocham’s President in Vietnam Alain Cany acknowledged that the order movement was there, but no European businesses had left.

Mr. Andrew Jeffries, country director of the Asian Development Bank (ADB) in Vietnam also affirmed that information about FDI enterprises leaving Vietnam “is not accurate”. The situation here means that the order is being moved out of Vietnam “but not necessarily the business is out of here”.

According to HSBC, the Delta outbreak raises many questions about the viability of the Vietnamese supply chain, especially from the technology giants. However, Vietnam’s strong macro foundation along with an early vaccination rate of 70% of the population will help investors ignore short-term fluctuations caused by Covid-19. Despite many challenges, according to this bank, Vietnam is still an attractive destination for investors in the coming time.

ADB’s country director for Vietnam also affirmed that Vietnam remains an attractive destination for foreign investment, continuing to benefit in the process of changing global supply chains, trade tensions, etc. Sino-US trade, production disruptions in other regions.

Quynh Trang

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The reason Vietnamese music “storms” international social networks


The video of Korean volleyball player Im Chae Young shaking his hips on the background of “Two Minutes More” by Cannon reached about 1.6 million views.

Recently, Two more minutes of rapper Phao with the feverish hip-shake dance on Tiktok and Douyin (Chinese domestic version of TikTok), attracting hundreds of thousands of users with billions of views. The song entered the Top 12 of World Digital Song Sales – the work released outside the US with the highest digital sales (digital music) of the week – of Billboard, topping the global Shazam chart (a search application through tunes). with over a billion users).

Outside Two more minutes, many songs like Easy come easy go, Magical friendship… also “stormed” Chinese, Korean, American social networks…

MV “Two Minutes More” Kaiz remix version with hip-hop cartoon character was released in November 2020, currently reaching nearly 200 million views on YouTube.Youtube. Video: Light Night Music

Most of the Vietnamese songs that are loved by international audiences are remixes with a strong electronic music style. Music site Pitchfork evaluate Two more minutes with the remix version attracted by DJ Kaiz thanks to the fast, strong melody of the Vinahouse genre – a branch of house music, the electronic music genre associated with the nightclub culture in Chicago (USA) in the 1990s. The song “One two three four two three one/ It seems that you said you were drunk/ One two three four two three one/ It seems that you said you love me” was enjoyed by the audience even though they did not understand the words.

Easy to come easy to go (Le Quang Hung) has a pop, R&B sound, has a catchy chorus, and Just chill attracted attention with the phrase “da-da-da-da”. Song background music There’s a guy who writes on a tree, Bigcityboi, Thief meets an old woman… are used a lot are remixed in a bustling style. QQ commented: “The unique and memorable melody is the attraction of Vietnamese music songs on Douyin, helping it become a trend and used by many accounts”.

Ly Ruo Dong dances with Tran Hao Dan

Ly Nhuoc Dong dances with Tran Hao Dan to the music “There is a boy who writes on the tree” remix version. Video: Douyin

According to musician Khac Hung, domestic music producers increasingly know how to create a song that is easy to attract and please the audience. They learn the standards of composition and production from the music of Western countries, so many Vietnamese songs are now suitable for international tastes.

Khac Hung said: “Foreign record labels such as Universal, Sony, Warner Music – Big 3 are now present in Vietnam, which is one of the factors that make it easier to introduce trendy music products abroad. “. Pitchfork In addition to the most developed music in Asia such as Korea, China, and Japan, international audiences are gradually expanding their interest in other countries, including Vietnam.

The choreography on the music background is one of the factors that help the song attract attention. Mix Two more minutes by DJ Kaiz spread globally partly thanks to the hip-shake dance, which comes from the image of the cartoon character Zero Two in the MV. Then, in videos that are more than 10 seconds long, tiktokers dance to the tune, creating a trend on social networks. Others transform into fun dances.

The Magic Bomb by Hoang Read increased the number of viewers thanks to the chopping dance to the beat of the song. The choreography of friendship on the background of the chorus “Give me your hands, you will always remember” is about 10 seconds of the song. Magical friendship responded by “historic dolls” Trieu Lo Tu, Ju Yeon (The Boyz).

2020 song Ghen Covy The Ministry of Health’s Covid-19 prevention propaganda is called a phenomenon by the international media. Billboard One of the reasons for the song’s spread was the hand-washing dance performed by dancer Quang Dang. Just one day after debut, MC John Oliver covered the dance in the show Last Week Tonight with John Oliver. A series of famous artists and users around the world responded.

Quang Dang's hand washing dance

The hand washing dance performed by Quang Dang on the background of “Ghen Co Vy” was originally posted on Tiktok and then spread around the world. Video: Tiktok Quangdang

The development of applications and social networks contributes to bringing Vietnamese songs to the world quickly. Follow Sina, Music was originally used by Tiktok, Douyin accounts in Vietnam or Vietnamese people living and working in China, and then shared widely. The feature of these platforms is that users can create short videos based on available audio, images and effects, which are highly entertaining. Therefore, the need to find and use new and attractive songs is on top. Bui Thao Ly’s Cciinnn account (born in 1997, dancer of Leap Dance troupe) appeared many times on Douyin’s search engine with a series of dance videos on the Vietnamese song’s soundtrack.

Aespa dance "Two more minutes"

Aespa – a member of SM Entertainment’s girl group – dances to the music “Two Minutes More”. Video: TiktokHello82

Composer Khac Hung commented that the fact that young Vietnamese songs “storm” on international social networks is a good sign but not an impressive achievement. He said: “Actually, many people who use those songs don’t hear the lyrics clearly and don’t know it’s Vietnamese music. They only listen because they have catchy tunes and are different from what they’ve heard before. Since then, , they exploit as background music for tiktok videos or use for other purposes, not listening to music”.

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How to reduce the load on the model of ‘shopping for households’


Ho Chi Minh CityIn order to save time and human effort, taking advantage of the existing connection platform of delivery applications such as Grab, Loship can be taken into account.

The model of soldiers, local officials and volunteers going to the market for the people has been applied for a few days but is currently facing many difficulties. Many individuals who place an order for 3-5 days still have not received the goods, even canceled the order. Order taking and paper recording is now also manual. Some places do it via Zalo or a common form, but it can’t be helped that it takes a lot of time.

Leverage the technology infrastructure of delivery applications

Share with VnExpress, Mr. Nguyen Hoang Trung – CEO of Loship, it’s time for technology intervention. Because when handling manually, it not only makes the process slow but also prone to errors, leading to unnecessary disputes between buyers and sellers, while this is the time when everyone needs to work together to overcome this problem. through disease.

To make good use of the technology factor, Loship proposed to lend its infrastructure to the government to deploy “household shopping”, especially in areas where shipper activities are limited. This helps people to choose the closest selling points to order and pay cashless, reducing contact. When people place an order, the staff who go to the market will receive a notification through the Loship application and go to the point of sale to receive the goods and deliver to the orderer.

Soldiers go to the market to help people in Binh Thanh district (HCMC). Photo: Quynh Tran

In the same opinion, Grab Vietnam said it is ready to provide free Grab application infrastructure in Thu Duc City and 7 districts where shippers are not allowed to operate. Users will go to the GrabMart section on the application, enter the address, select the item and only order at the point of sale near the living area.

The market-going force, i.e. special working groups of the ward/commune, will also create an account, including name, contact phone number, email, and bank account. When there is an order, the staff who go to the market instead will receive a notification via the Grab application and go to the point of sale to receive the goods and deliver to the orderer at the correct address. Each officer who goes to the market can receive and deliver multiple orders in the same trip. If people pay cash, the staff who go to the market can advance the money and will collect it from the people according to the receipt shown on the application when delivering the goods.

According to Grab Vietnam, this method will help state agencies and functional forces save time and effort while ensuring the supply of food, food and essential goods for 33% of people. user needs of the whole city. At the same time, the authorities will have data for management such as quantity of goods, frequency of transactions, tracing…

In addition to 8 areas where shippers are completely banned including Thu Duc City, District 8, District 12, Go Vap, Binh Tan, Binh Thanh and two districts of Binh Chanh, Hoc Mon, household shopping platforms are still operating internally. District. Users can still use Grab, Gojek, Be, ShopeeFood to order and deliver necessities within the hours from 6am to 5pm daily. Making the most of this online channel can also be a way to reduce the pressure on household shopping programs.

Regarding this solution, the units are overloaded with orders, the supermarket system group in Ho Chi Minh City agrees.

Support for the above proposal, but according to Mr. Le Hai Binh, an expert in e-commerce, the shipper team should be organized by the district itself, can be youth volunteers, militiamen, volunteers) and do not use resources. Existing partner shipper drivers of the platform. The reason is that this team is fully vaccinated, managed and controlled by the localities. In addition, to do this, the district needs to get permission from the city to issue cards for this particular shipper team operating within the district.

Increasing human resources participating in ‘household shopping’

Mr. Le Hai Binh assessed that, because it was only the first week of implementing “household shopping”, many families still had food stored in advance. Next week or if the strict distancing continues, dealing with overcrowding will be a bigger problem.

Basically, the increase in human resources for both the order processing stages of the store and the shipping side needs to be resolved soon. Because, local forces (including mass organizations, militia, police and army) are limited and are straining themselves to be in charge of a lot of anti-epidemic work, not just “going to the market”. Meanwhile, human resources at the store are limited due to the new travel permit policy. According to current regulations in the “red zone”, store employees are also not allowed to ship to clear orders.

Therefore, many supermarket systems believe that an immediate solution to reduce load is The government will soon issue more travel permits so they can add delivery support personnel.

VinCommerce Company (the owner of the VinMart/VinMart+ system) requested the Department of Industry and Trade and the Ho Chi Minh City Police to consider and accelerate this. They believe that the supermarket staff has been given priority by the company for regular vaccination and Covid-19 testing.

Having the same opinion, Bach Hoa Xanh, AEON… said that they have made efforts to call ward officials in the districts to connect to receive goods, but the capacity of the wards has not met all. This force is too thin to distribute goods to people in time. In addition, according to AEON, localities need to mobilize a large force of personnel to prepare goods and deliver goods to each household.

Meanwhile, in the long run, should gradually loosening regulations for shippers, according to representative Loship. At the same time, Mr. Nguyen Hoang Trung also reiterated Prime Minister Pham Minh Chinh’s request that a close coordination between the three forces of the army – shipper – supermarket staff is needed. His specific proposal is that each delivery application be registered with a certain number of drivers operating in each district to supplement the ability to supply goods.

“When the shipper team is fully vaccinated, we hope to return to normal operations, joining hands with the authorities. The shipper resources and technology platforms of transportation businesses can contribute. handle the supply chain more efficiently,” said Trung.

Each area has its own warehouse

On the local side, some places, after the appearance of overcrowding, quickly supported supermarkets and convenience stores by actively pulling goods back, setting up each “general warehouse” in the area.

A typical example of this is in District 5. This district Economic Department quickly coordinated with the District Cultural Center to deploy an online sales address exclusively for the people of District 5 at https://shop.ttvhq5. com.vn.

To preserve goods, the lobby of the Cultural Center in District 5 becomes the total warehouse of goods with dozens of goods from eggs, vegetables, tubers, rice … are filled with shelves, arranged quite orderly. When the goods arrive, the staff moves them to the shelves so that people who go to the market can easily prepare orders. After that, the staff will arrange the orders in order and deliver them to the people faster.

In recent days, District 5’s online sales channel has met about 300 orders per day and is expected to increase its capacity to a maximum of 500 orders with the help of the force. This sales channel will continue to maintain until the needs of the people are no longer available and consider the method of redirection to suit the new situation.

Thi Ha – Siddhartha – Telecommunications

With the goal of reducing the rate of Covid-19 patients who become seriously ill when treated at home, the Hope Foundation launches the program “Medication bags for F0”. Each donation of 380,000 VND corresponds to one bag of medicine. To accompany the program, readers can refer to detailed information here.

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The role of a maid in the movie ‘May 11 Days’ creates laughter


The maid Hoan in the movie “May 11 Days” has many humorous situations, making the audience excited.

After nine episodes aired, the drama 11 May Days attract the audience’s attention thanks to the attractive content, lots of laughter. In addition to the main character line, the role of Hoan, played by actor Anh Tho, captures the hearts of viewers. As a long-time maid in Nhi’s family (Kha Ngan), Ms. Hoan is not fussy, has a careless attitude, and has many funny lines. Seeing that Nhi was red-headed and difficult to please but was loved by Thuan (Tuan Tu), Ms. Hoan teased Nhi so she took Thuan to a psychiatrist. Seeing the scene where Mr. Tien – Uncle Nhi – stole things from his brother-in-law’s family, she forced him to return the items. When Mr. Tien “argued with a pestle and a mortar”, she said: “This land belongs to management, okay!”.

Ms. Hoan helps Nhi reconcile with her family. Video: TVAD.

Ms. Hoan is respected by all of Nhi’s family. Because she did not know how to do housework, Nhi asked to bring Miss Hoan with her to her fiancé’s house. When Nhi voluntarily canceled her marriage with Thuan and was kicked out of the house by her father, the maid stood to reconcile the two. She made up the story that her grandmother did not eat or sleep, her father had to go to the emergency room because of stomach disease when Nhi was not at home. Being told by Nhi that she was irresponsible for not taking care of enough food and water for her family, she said: “I’m sorry, you can go and do it. I cook three meals a day, no one can eat properly, I have to be alone. swallowed it all, from Tet until now, gained a few pounds. Who pays for that?”

Actress Hai Yen plays Miss Hoan in the movie.  Photo: VFC.

Actress Hai Yen plays Miss Hoan in the movie. Photo: VFC.

The excerpt from Ms. Hoan talking to Nhi has reached 727,000 views on Facebook. Many viewers praised the charming character. Lee Quyen’s account commented: “Watching this movie just because the maid is cunning but emotional”. Audience Dung Vu said: “Her comedy helps to push the film’s appeal”. Many people joked that they wanted to find a maid like Ms. Hoan.

Actress Anh Tho said that when participating in the film, she is not afraid to play a supporting role, only aiming to leave an impression on the audience. She has a predestined role as a maid, having played the mercurial Ut in A lifetime of resentment, osin in Grandma doesn’t eat pizza. Last year, she impressed with the role of Dong – the funny landlady in Hostel Balanha. Born in 1973, she is an actress of the Youth Theater. On stage, Anh Tho also plays many humorous roles.

11 May Days tells about the life of Nhi (Kha Ngan) – an orphan girl with a selfish personality. Nhi Yen Thuan (Tuan Tu) but close to the wedding day, she canceled her marriage with him because she was angry and did not want to live with her mother-in-law. Being kicked out of the house by her father, she went to live in the neighborhood where her uncle lived, and suddenly met Dang (Thanh Son) – the “wrong family” guy who was harmed by Nhi many times and lost his job. The poor life made Nhi gradually change and have new friends. The film, co-directed by Le Do Ngoc Linh and Nguyen Duc Hieu, is expected to be 26 episodes long.

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Young Vietnamese music causes fever on Chinese social networks


Many Vietnamese songs such as “Easy to come easy to go”, “Just chill”, “Magic friendship”… are loved by Chinese artists and social network users.

Recently, the song Easy to come easy to go causing fever on the Douyin application – Tik Tok China with tens of millions of videos incorporating songs, according to Sina. Chorus part “Hurry you come, come and go / For what purpose, then sow the entanglement in my heart / How sad and sorrowful, when parting, I stand and watch people go / Watch me pass, follow someone in the palace kiss the fading darkness” is the most popular. Luu Vu Ninh – a famous Chinese singer and actor – repeatedly sang, danced and praised the song.

Easy to come easy to go Written and performed by Le Quang Hung (stage name Quang Hung MasterD), with pop, R&B, and catchy chorus. Quang Hung said he was surprised when the song was loved in China. He is happy every time he hears the song’s melody resounding in the videos of social media users in this country. “You guys often comment that you like the melody, want to have the opportunity to meet when the translation is over,” he said. Before the song effect, the Chinese crew contacted to translate the song into Your eyes are like stars and was performed by Cuc Tinh Y – Hou Minh Hao at Hunan Radio’s Tmall 616 Night.

Luu Vu Ninh dances “Easy to come, easy to go”. Video: Douyin.

Before Easy to come easy to go, many Vietnamese songs like Just chill, Magical friendship, There’s a guy who writes on the tree lên… used to “fever” the Chinese social network. Just chill Once in the top search of Douyin with more than 15 million downloads, nearly 5 million users for the video. The chorus “Hey…/ Just melt into the calmness tonight/ Just melt into this passionate night/ Just bury your worries in the morning/ A little peace doesn’t need to be right or wrong” and the phrase “da” -da-da-da” repeated is favored. In addition, Ngo Dai Lam – dubbed the copy of Vuong Nhat Bac – and many hot boys and hot girls in China covered Vietnamese songs.

In early June, Ly Nhuoc Dong posted on Douyin a funny dance video with Tran Hao Dan on the background of music There’s a guy who writes on the tree remix version of Phan Manh Quynh. The video currently has 50.5 million views and more than 23,000 comments. Many viewers complimented the song’s impressive melody. “I don’t understand the meaning of the lyrics but the melody is catchy. A lot of videos on Douyin use this song’s music,” commented Li Guoguo account.

Ly Ruo Dong dances with Tran Hao Dan

Ly Nhuoc Dong dances with Tran Hao Dan to the music “There is a boy who writes on the tree” remix version. Video: Douyin.

Magical friendship used by “historic doll” Trieu Lo Tu as background music on personal page, cover by Ju Yeon (The Boyz). Many artists such as Ly Dich Phong, Lam Tuan Kiet, Duong Sieu Viet…. used as background music for interactive videos with fans. In addition, a series of songs like Bigcityboi, Thief meets old woman, Why haven’t you come home, More than two minutes... Popular. Before, Add A Pain Times of HKT was noticed in China. Songs played in programs Happy Camp, Youth travel to complete. Many artists such as Ta Na, Ngo Can Ngon, Wei Dai Huan, Pham Thua Thua – Pham Bang Bang’s younger brother… sing in Vietnamese.

Music producer Hoaprox said that the Vietnamese songs that are loved by Chinese audiences are mostly remixes with youthful and bustling melodies. He said: “Videos on social networks are often entertaining, view sentences, so they prefer melodies that are easy to listen to and easy to remember. I am very proud and hope Vietnamese music will grow stronger.” In 2017, the song Improvisation Hoaprox’s song became a music phenomenon in the country with more than two billion streams (streaming) on ​​the Netease music platform, topping the charts for 15 months. Hoaprox’s real name is Nguyen Thai Hoa, born in 1997 in Da Lat. He is a music producer and DJ in Vietnam, won the Champion The Remix New Generation 2017 with singer Bao Thy.

According to the Sina, the birth and development of applications and social networks contribute to spreading Vietnamese songs to China more easily and quickly and vice versa. Music was initially used by accounts in Vietnam or by Vietnamese people living and working here, and then widely shared and cared for.

Bui Thao Ly’s Cciinnn account (born in 1997, dancer of Leap Dance troupe) appeared on Douyin’s search board many times with a series of dance videos on the song’s background music. Magical friendship, Let’s chill… Actors Trieu Lo Tu, Luu Tu Dao, Peng Thap Luc… cover her choreography. Cciinnn channel currently has 550,000 followers, more than 4.9 million likes. Thao Ly said she is proud to be part of a bridge bringing Vietnamese music to Chinese friends. She once accepted an invitation to participate in the contest Chang 2022 (Innovation joint 2022). She refused because she couldn’t sing well, and she wasn’t good at Chinese and English to work.

Cover song "Why haven't you come home?"

Hot Chinese girl covers the dance on the music “Why haven’t you come home” by Bui Thao Ly. Video: Douyin.

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The world is worried when China lacks electricity


China’s energy crisis not only threatens the country’s recovery, but also affects global trade.

China is in the midst of a major power shortage due to extreme weather, soaring energy demand and strict limits on coal use. This situation can last for months.

Several Chinese provinces have reported facing energy crises in recent weeks, including some seen as the country’s most important growth engines.

Guangdong, a manufacturing hub that accounts for $1.7 trillion, or more than 10% of China’s annual economic output, has been without electricity for more than a month. Businesses across the province are forced to close for several days each week. Some localities here warn that the need to allocate electricity may last until the end of this year.

A transmission line at electricity in Xinjiang, China. Photo: Xinhua.

Not only Guangdong, at least nine provinces reported similar problems, including Yunnan, Guangxi and the manufacturing hub Zhejiang. The situation forced local authorities to announce the limit of electricity supply in an area equal to Britain, Germany, France and Japan combined.

On Wednesday, China’s National Bureau of Statistics acknowledged that the power crisis also contributed to the slowdown in factory activity growth in June.

It is the worst energy shortage in China since 2011, when drought and soaring coal prices forced 17 provinces to restrict electricity use. Power plants don’t want to produce a lot of electricity when coal is expensive. At the same time, the country is also grappling with becoming a carbon-neutral economy by 2060.

That ambitious target with the world’s biggest coal consumer has led its coal mines to produce less, leading to higher prices, according to Yao Pei, chief strategist at Chinese brokerage Soochow. Securities. Along with that, inclement weather is hindering the operation of hydroelectricity.

Power outages could deliver a one-of-a-kind punch, derail China’s fragile recovery, and add trouble to global supply chains. “Having to allocate electricity certainly hurts the economy,” said Yan Qin, an analyst at Refinitiv.

Power shortages could reduce output in most sectors, including the key construction and manufacturing sectors. These businesses used nearly 70 percent of China’s electricity last year, according to the National Bureau of Statistics, and are a key driver of the recovery in 2021.

Guangdong-based Chengde New Material, one of the country’s largest stainless steel producers, announced it would close its operations for two days a week until electricity is no longer needed according to the allocation mechanism. again. The company expects production volume to decrease by 20%, or 10,000 tons of steel per month.

“Companies are not happy about this,” said Klaus Zenkel, president of EuroCham in South China. He said up to 80 of their member companies were affected by the shutdown order several days a week. Some companies have even rented diesel generators to keep them running.

In Yunnan, power shortages have reduced supplies of some metals such as aluminum and tin. The reduction in output coupled with possible delivery delays risks adding strain to global supply chains, according to Henning Gloystein, director of energy, climate and resources at Eurasia Group.

Guangdong also has an outbreak at the port, causing a backlog of goods that can take months to resolve. “Power shortages can force local manufacturers to reschedule operations, challenging delivery times and the rest of the supply chain,” said Lara Dong, Senior Director of Energy and Energy. renewable energy in China at IHS Markit, said.

According to experts, China is short of electricity due to many reasons, from high energy demand to extreme weather. In the first five months of the year, electricity consumption in South China exceeded pre-pandemic levels – up 21% year-on-year, according to grid operator China Southern Power Grid.

A hydroelectric dam in Sichuan, China.  Photo: Xinhua.

A hydroelectric dam in Sichuan, China. Photo: Xinhua.

Coal is still involved in generating about 60% of the country’s electricity. But the government is trying to reduce coal consumption. However, the harsh weather makes the capacity of hydroelectricity to produce less energy, while the heat increases the demand for electricity for cooling and cooling of the people.

China has also struggled to increase supply abroad. According to Henning Gloystein of Eurasia, the price of imported coal has more than doubled in the last year. Due to trade tensions with Australia, which supplies nearly 60 percent of its coal imports, Beijing imposed trade barriers on the country’s coal last year.

Since then, they have imported more coal from Indonesia and South Africa to compensate but not enough. “This has left some companies short of fuel for power plants,” Gloystein said, adding that it is difficult to get more supply in the short term from places like Indonesia.

Power outages are likely to continue for at least the next few months, especially as demand remains high during the hot summer months. Mr. Qin of Refinitiv said there were still “significant risks” that southern and central China would need to continue to allocate electricity, especially if the weather is hotter than usual.

The government also has other options. Gloystein suggested that China could remove barriers to Australian coal, although this option could expose Beijing to too much of a concession in the trade confrontation. Or authorities could be more lenient in some of their climate goals, by reopening power plants that have been shut down because of excessive pollution.

China has committed to controlling dirty energy and is trying to increase its use of renewable sources and reduce its use of fossil fuels. Therefore, according to Mr. Qin, the problem facing the country’s energy industry is how to both meet the growing electricity demand and achieve the goal of reducing carbon emissions.

Session An (according to CNN)

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Hoa Lan KDC auction ’causes a loss of trillions of dong’


The High-Level People’s Procuracy in Ho Chi Minh City protested to cancel two judgments that accepted the auction results of Hoa Lan Residential Area Project because it thought it caused thousands of billions of dong loss from the state.

In the protest decision just issued, the Procuracy proposed the Judicial Committee of the High People’s Court in Ho Chi Minh City to conduct a cassation trial in the direction of canceling the first-instance judgment and appellate case of Thien Phu Manufacturing & Trading Co., Ltd. sue Saigon South Auction Joint Stock Company (request to cancel the auction results of Hoa Lan Residential Project in Thuan Giao Ward, Thuan An Town, Binh Duong). The Institute also proposed to suspend the enforcement of the effective appellate judgment until a decision on cassation is issued.

Hoa Lan Residential Area project is 490,765 m2, approved by Binh Duong Provincial People’s Committee for Thien Phu Company to implement. This business mortgaged the land for Agribank Cho Lon to borrow money but then was unable to pay, and had to hand over the property to the bank for debt recovery.

In May 2017, when Agribank Cho Lon and Saigon South Auction Joint Stock Company (Saigon South Company) held an auction of land use rights, Kim Oanh Investment and Development Joint Stock Company (Kim Oanh Company) held an auction. Oanh) won the auction of 1,353 billion VND.

According to the basis provided by Thien Phu Company, during the resettlement process, Kim Oanh Company paid nearly 30 billion VND to 14 households according to the value of resettlement land use rights. In fact, Mr. Bui The Son (Chairman and Director of Thien Phu Company) directed his subordinates to fake a list of 14 households receiving resettlement money from Kim Oanh Company to appropriate this money.

Two years later, in February 2019, Thien Phu Company sued Saigon South Auction Joint Stock Company, asking the District 7 People’s Court to cancel the above auction results because it believed that there was a violation, leading to the plaintiff’s failure to pay. debt, incurring interest and penalties and affecting property interests.

The residential project is still vacant. Image: Kim Oanh Company.

According to the plaintiff, Agribank Cho Lon incorrectly measured the area, causing a loss of 8,452 m2 of the project. After announcing the first auction without registration, on August 26, 2015, Agribank Cho Lon sent an official dispatch to Saigon South Company to reduce 2% of the property value to continue the auction. The new starting price is 1,438 billion VND while the exact price is more than 1,467 billion VND…

Thien Phu Company also said that Kim Oanh Company continuously violated its payment obligation commitment for a long time, but Agribank Cho Lon did not take drastic measures to handle it. Auction and initial regulations of Agribank Cho Lon introduced…

One month after accepting the lawsuit, the District 7 People’s Court issued a decision to apply a temporary emergency measure of banning the relocation of the Hoa Lan Residential Area Project.

After 10 court hearings, in November 2020, the District 7 People’s Court heard the first instance rejected the request of Thien Phu Company. The jury found that there was no basis to accept the request to “cancel the auction results of Hoa Lan residential project”, and declared that the decision to apply temporary emergency measures was canceled.

The court also forced Thien Phu Company to pay Agribank Cho Lon a total of more than VND 2,059 billion of principal and interest. After deducting the project auction money, Thien Phu Company has to pay more than VND 609 billion in debt from credit contracts to the bank.

After this ruling, Thien Phu Company, Agribank Cho Lon and a number of related parties appealed and then withdrew their appeal. Particularly, Agribank asked the court to recalculate the amount Thien Phu Company had to pay to the bank.

In March, the People’s Court of Ho Chi Minh City held an appellate hearing, suspending the settlement of the claims of the litigants who withdrew their appeal; accepted the request of Agribank Cho Lon, forcing Thien Phu Company to pay the bank a total amount of more than 2,561 billion VND (an increase of more than 500 billion VND compared to the first instance declaration).

First instance trial of the case.  Photo: Duong Trang.

District 7 People’s Court heard the first instance of the case in March. Photo: Duong Trang.

Appeal after 3 months of effective appellate judgmentThe High-Level People’s Procuracy said that the District 7 People’s Court at the first instance trial failed to clarify the serious violations of Agribank Cho Lon, Saigon South Company, and the New City Notary Office in: violating the principle of objectivity and transparency. transparency and fairness in auctions; violated the prohibition of the law in the auction, miscalculated the price and area of ​​the auctioned asset… The court did not consider and evaluate the evidence in a comprehensive and objective manner, “omitted serious violations of the law. as well as failing to assess the nature of the violations that have seriously infringed on public interests, causing the State’s losses of trillions of dong.”

In addition, the Institute also said that Binh Duong authorities “seriously violated in approving the project planning” for Thien Phu Company, but the court did not fully consider and did not clarify the consequences that the project did not work. deployed, prolonged causing loss and waste of State property. These violations with criminal signs have been proposed to be handled, but so far there have been no results, so they must continue to propose handling.

“The Court of Appeal (Ho Chi Minh City People’s Court) not only failed to consider and evaluate the serious legal violations of the first-instance judgment, upheld the first-instance judgment, but also incorrectly calculated the amount of interest Thien Phu Company had to pay to the bank. goods”, the protest stated.

Regarding Mr. Bui The Son’s mistakes, on March 28, 2020, the police investigation agency of the Ministry of Public Security arrested him and his accomplices for acts of violence. Fraudulent appropriation of assets. The case has not been brought to trial.

Hai Duyen

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