Prime Minister: ‘Which province is that province, which house is that home’

The Prime Minister said that the situation of traveling to and from places is too crowded, so “the spirit is in which province in which province, which district in that district, which commune in that commune, which village in that village, which house in that village. ”.

Thủ tướng yêu cầu "tỉnh nào ở tỉnh đó, huyện nào ở huyện đó, xã nào ở xã đó, thôn nào ở thôn đó, nhà nào ở nhà đó" /// Ảnh Quang Hiếu

The message emphasized by Prime Minister Nguyen Xuan Phuc when presiding over the Government’s Permanent Meeting this afternoon, March 30, with the National Steering Committee on the Prevention and Fight against Covid-19 was: “Which province is in that province and which is in the district? in that district, which commune is in that village, which village is in that village, which house is in that house ”.
Speaking at the opening of the meeting, the Prime Minister noted the spirit of continued speed at work, determined to put all resources to put down the outbreak, especially the outbreak detected as Truong Sinh Co., Ltd., Bach Hospital. Mai (Hanoi), Buddha bar (Ho Chi Minh City), do not let yourself fall into a passive position.
“The spirit is which province in that province, which district in that district, which commune in that commune, which village in that village, which house in that village,” the Prime Minister said. Because, according to the head of the Government, the situation of moving to and from the provinces is too crowded, and the situation in some places where people move and go to the streets a lot can pose a great risk of infection.
Therefore, except for special cases, special missions, or hospitals, shops, supermarkets, production facilities to serve the people, it is generally at home, working online. The Prime Minister proposed the meeting to discuss some issues such as whether there should be a new field hospital or not, how much mobilization is available, options for the capital …


Vietnamese Stock ‘evaporated’ over 37 billion USD after 3 months

The Covid-19 plague caused the indices to plummet and the stock market capitalization to evaporate rapidly.

Vốn hóa thị trường chứng khoán đã sụt giảm mạnh sau 3 tháng /// Ảnh: Đ.Ngọc Thạch

The VN-Index closed this week’s session at 696.06 points, down nearly 28% from the 960.99 points of the last session of 2019. Even, in the last 24.3 session, the VN-Index was only 659 points. , 21 points, the lowest after more than 3 years, equivalent to market capitalization on Ho Chi Minh City losing over 860,000 billion. Overall, Vietnam’s stock market after the first 3 months of the year, capitalization has evaporated more than 886,420 billion VND, equivalent to 37.4 billion USD.

The strong fluctuations of Vietnam’s stock indexes were mainly influenced by the complicated movements of the Covid-19 epidemic. At the same time, the global stock market goes down negatively affecting investor sentiment. Besides, the continuous net sales of foreign investors also made many domestic individual investors worried. In the last week of March alone, foreign investors continued to be net sellers with 80.6 million units and net selling value of VND 1,500 billion. This is the 9th consecutive net selling week of foreign investors and it is estimated that only on Ho Chi Minh City floor, foreign investors have net sold more than 10,270 billion dong.

According to KIS Vietnam Securities Company, the last 2 months of strong plunge have pulled the indexes to the lowest level in 5 years. The company believes that this economic downturn is unlikely to develop into an economic recession, so VN-Index is expected to close in 2020 in the area of ​​720 – 840. However, KIS also thinks that the profits of businesses. The industry will be very disappointing in the first half of 2020 but will recover significantly in the second half. Vietnam will be one of the few countries to recover quickly and strongly from the epidemic thanks to the young and dynamic labor force, strong domestic consumption and no significant debt bubbles.

Stocks in many places also went down despite the recent economic support packages launched by many countries. US stocks closed at the end of the week 27.3 in the red because investors focused on the outbreak of Covid-19 when the US became the country with the highest number of cases in the world. Therefore, the record of more than 2,000 billion USD stimulus package signed by President Donald Trump on March 27 also does not help investors to be assured.

The Dow fell 4.06%, to 21,636.78 points; The S&P 500 fell 3.37% to 2,541.47 points and the Nasdaq Composite fell 3.79% to 7,502.38 points. Although these indices have risen sharply by 9.1-12.8% during this week, they are still about 20% lower than the highs set in February and well below the end point of 2019.


The Internet is slowing down because of Covid-19

Internet thế giới đang bị chậm lại  /// Ảnh chụp màn hình

The need for internet use at home is increasing when the Covid-19 pandemic spread around the world, resulting in continuous interruption of internet speed.

According to Mashable, – a web service based in Washington (USA) that provides and analyzes free internet access performance data, has performed a test that shows that the internet speed decreases worldwide.
Through the test, the internet speed is highly variable, especially in China, India, Japan and Malaysia. However, it seems that China has regained a steady pace starting in February 2020. In Malaysia and India, the average speed has dropped to below 80 Mbps since mid to late March, around the time when both countries imposed blockades.
European countries like Switzerland, the Netherlands, Spain and Germany are also affected by the slow internet speed. But other countries like Austria, Italy and Germany still have a steady pace. However, in general most countries are affected by the internet connection speed.
To improve, some companies such as Netflix, YouTube … have changed the default streaming quality to reduce the burden.
Some governments have provided subsidies, such as the Malaysian government’s commitment to providing free home internet to users starting on April 1.4, estimated to be worth $ 138 million. Approximately USD 92 million will be allocated to improve the quality and stability of the domestic network.
According to Mashable, countries are now working to improve services and provide more stable internet connectivity.


Tesla to quickly reopen Gigafactory New York to make ventilators for COVID-19 patients 

CEO Elon Musk announced that Tesla is going to attempt to quickly reopen Gigafactory New York in order to make ventilators for COVID-19 patients in the state.

Several hospitals in the US are finding themselves in need of ventilators to help save patients who are more badly affected by the coronavirus.

In previous comments over the last month, Musk has been skeptical that there’s going to be a need for more ventilators.

The CEO believes that we “may have passed the inflection point for US cases.”

However, that’s excluding New York, which has been hit harder by the virus than any other state.

Tesla shut down its Gigafactory New York in Buffalo earlier this week after lockdown orders have been implemented in various parts of the US.

Now Musk says that Tesla plans to reopen as soon as possible to make ventilators:

Giga New York will reopen for ventilator production as soon as humanly possible. We will do anything in our power to help the citizens of New York.

The news comes after Tesla’s Chinese team and Musk managed to secure a surplus of 1,000 ventilators from China and delivered them to hospitals in California.

At Gigafactory New York, Tesla produces its solar roof tiles as well as other products and accessories, like components for its Supercharger V3.

The company was supposed to hold a company meeting with product announcements at the factory in April. It’s unclear if the plan has been affected by the current crisis at this time.

Tesla is apparently also moving forward with plans to build ventilators at its Fremont factory.

Omar Ishra, CEO of Medtronic, a major medical equipment company, announced this morning that they are working with Tesla to deploy ventilator production capacity at Tesla’s Fremont factory quickly.

As we previously reported,  Tesla plans to use the factory shutdowns to do upgrades and improvement  to its production lines.


Gold price on 26.3: turning down when stocks increased again

Giá vàng hôm nay 12/4: Đồng USD tăng, giá vàng sụt giảm - Ảnh 1

The price of gold on March 26 in the world and in the world all went down after the US stocks continued to have a rising session.
At the beginning of March 26, the price of gold bar at Saigon Jewelry Company (SJC) was listed at VND 46.6 – 47.3 million / tael, down VND 50,000 in both directions. before.
Similarly, the price of gold bar bought by Doji in Hanoi was 46.65 million dong / tael and sold 47.05 million dong / tael, down 200,000 dong / tael in the afternoon, but remained the same. purchase price. Particularly, SJC brand gold piece at Phu Nhuan Jewelry (PNJ) system remained at VND 46.3 – 47.3 million / tael.
On the world market, ending the trading session on 25.3, gold contract delivered in April dropped 27.4 USD to 1,633.40 USD / ounce. At 8am this morning (March 26), the spot gold price also dropped to $ 1,609.3.

According to CNBC, a report showed that orders for US durable goods rose 1.2% in February without seeming to have an impact on March 25 gold trading. Gold prices withdrew from the highest level in two weeks after the US $ 2,000 billion stimulus package of the US Government reached a new agreement to be approved. One of the important contents is that people who are unemployed due to the effects of Covid-19 epidemic will be granted 600 USD / month and last for 4 months.
However, speaking to Reuters, OANDA analyst Craig Erlam said the US stimulus initially had a huge positive impact but still questioned whether it was sustainable in the context of the Covid- 19 complicated developments. Therefore, gold price still has a chance to rise again as the disease continues to spread.
Contrary to gold prices, stock prices rebounded from information of US stimulus package. Closing on March 25, the Dow Jones increased by 495.64 points, equivalent to 2.39% to 21,200.55 points when stocks such as Boeing and Nike increased sharply. The S&P 500 index added 1.1% to 2,475.56 points. Particularly, Boeing shares gained 24% to lead the rise of Dow Jones. However, the Nasdaq Composite decreased by 0.45% to 7,384.30 points.


Waiting for the package of US $ 2,000 billion, US stocks increased the most in nearly 90 years

US stock prices soared in the trading session on March 24 after information that the US Congress is about to approve a $ 2,000 billion bailout against Covid-19.

According to Business Insider, the Down Jones index soared 11.4% to 20,704.91 points. This is the strongest increase of Dow since 1933. Meanwhile, the S&P 500 and Nasdaq also increased by 9.4% and 8.1% respectively.

The market prospered shortly after US House Speaker Nancy Pelosi told CNBC that the US Congress could pass the stimulus package within the next few hours.

Subsequently, Senator Chuck Schumer – leader of the Senate minority faction – also said the Democratic and Republican negotiations over the rescue package had reached a last minute.

Calling for 2,000 USD, the US has the strongest in 90 years an surge.jpg
The market reversed strongly thanks to the expectation of a $ 2,000 billion rescue package. Photo: Reuters.

Principal Global Investors strategist Seema Shah said it is likely the US Congress will approve a rescue package this week. From now until that time, the market will continue to prosper.

On the morning of March 24, the Washington Post reported that Senate leaders were close to reaching a consensus on a $ 2,000 billion economic bailout package. Treasury Secretary Steven Mnuchin is also optimistic about the possibility of the bailout.

In Asia, stock prices also increased sharply in the morning trading on 25/3. According to CNBC, the Nikkei 225 and Topix in Japan increased by 5.44% and 5.28% respectively.

The Kospi index (South Korea) jumped to 4.58% while the Hang Seng (Hong Kong) index inched up 3.3%. Green also returned to Chinese markets, with Shanghai and Shenzhen index increasing 2% and 2.54% respectively.

In Australia, the S&P / ASX 200 index increased by 3.23%. In general, MSCI Asia-Pacific stock index (except for Japan) increased by 3.32%.