Sẵn sàng ăn gạch đá đây !

http://www.bloomberg.com/news/2010-...ibility-low-as-prices-rise-jpmorgan-says.html

Dịch nôm na là: "Việt Nam ơi sắp đi bán giấy cả lũ rồi. Tham thì thâm"
Vietnam’s Policy Credibility ‘Low’ as Prices Rise, JPMorgan Says


The Vietnamese central bank’s lack of independence and credibility as well as a “vague” monetary policy framework have allowed inflation to accelerate in the Southeast Asian nation, JPMorgan Chase & Co. said.
The policies “cause greater volatility, poorly anchored inflation expectations, and embedded Vietnamese dong devaluation expectations,” Matt Hildebrandt, a Singapore-based economist at JPMorgan Chase, said in comments prepared for a presentation today at a conference in Ho Chi Minh City.
Consumer prices in the Southeast Asian country climbed 11.09 percent in November from a year earlier, rising at the fastest pace since March 2009. Prime Minister *************** said last week the government plans to take steps to control the surge, especially in the run-up to the Tet Lunar New Year holiday in February 2011.
The nation’s monetary policy “transparency and credibility are very low,” Hildebrandt said.
State Bank of Vietnam Governor Nguyen Van Giau didn’t immediately pick up calls to his mobile telephone for comment on the remarks.
The central bank weakened the currency’s reference rate by 2 percent to 18,932 per dollar on Aug. 18, the third devaluation in the past year. The dong was trading at 19,490 per dollar as of 10:03 a.m. in Hanoi from 17,886 in November 2009, before the first of the three devaluations.
On the black market, the dong traded as weak as 21,440 per dollar yesterday, according to a telephone-information service run by state-owned Vietnam Posts & Telecommunications.
Extreme Cycles
Inflation cycles in Vietnam are extreme partly because a history of rapid price growth means that inflation expectations have never been “well-anchored,” Hildebrandt said. Consumer price growth reached a peak of about 500 percent in the 1980s, he said.
Diverse, inefficient and difficult-to-manage monetary policy tools are also contributing factors, he said.
“The base rate was the main policy tool in 2008 and early 2009, but less so now,” Hildebrandt said. “There is more reliance now on moral suasion, administrative controls and regulation.”
Vietnam’s central bank increased its so-called base rate on Nov. 5 to 9 percent from 8 percent, the first such move this year. The scrapping of a cap on borrowing costs linked to the rate means it’s not an effective benchmark and instead a “mere signaling tool,” Standard Chartered Plc said in a note on Oct. 26.
Vietnam has a “weak monetary transmission mechanism,” Hildebrandt said. “As a result, Vietnam has experienced higher inflation, excessive volatility, higher transaction costs, credit misallocation, less transparency, and greater uncertainty.”
--Jason Folkmanis in Ho Chi Minh City. Editors: Sunil Jagtiani, Stephanie Phang
To contact the Bloomberg News staff on this story: Jason Folkmanis in Ho Chi Minh City at [email protected]
To contact the editor responsible for this story: Chris Anstey in Tokyo at [email protected]

Cổ phiếu Bất động sản được bán trên phố Hàng Mã

Vietnam's land management system prone to corruption, experts say


Hanoi- Land management practices in Vietnam are rife with corruption that benefits the rich at the expense of the poor, a panel of Vietnamese and foreign experts said Wednesday.
Government officials supposedly safeguarding the system are in fact a large part of the problem, said the group gathered ahead of a wider anti-corruption dialogue due to start Thursday between Swedish, Danish and Vietnamese officials.
Greater transparency and accountability is needed to address bribery and corruption, Swedish Ambassador Staffan Herrstrom said.
Land management 'is definitely the right topic for this anti-corruption dialogue,' said panelist James Anderson, a World Bank governance specialist.
'Corruption in land management in all societies makes the rich become richer and the poor become poorer at the same time as the governments lose tax [COLOR=#008000 ! important][COLOR=#008000 ! important]revenue[/COLOR][/COLOR],' Herrstrom said.
This adds to public debt and shortchanges schools, health care and other public programmes, panelists said.
Studies in five provinces found that 85 per cent of households perceived corruption in land management. Thirty-five per cent of businesses said that 'gifts and informal payments' were standard aspects of doing business in Vietnam, the study found.
One Vietnamese journalist questioned whether the ability of the initiative to address corruption. 'Corruption in Vietnam is very big, but invisible,' said Dai Phuong of the newspaper Tien Phong. Self-interest, not public interest, motivates many government officials, he said.
Herrstrom emphasized that the Vietnamese government's participation 'is a step towards transparency itself.' Panelists also noted that some provinces had put in place promising programmes.
He added that 'a vibrant media and protection of whistleblowers,' were critical to the fight against corruption, which often goes unaddressed in Vietnam.
The anti-corruption dialogue had been held twice a year since it was started in 2006 by embassies of Sweden and Denmark together with the Vietnamese Office for the Central Steering Committee on Anti-Corruption.

Có thể lắm nhưng em không ném gạch. Ném bác cục phân bò.

3% tổng số tiền cho vay của hệ thống ngân hàng Việt Nam đi về nơi......xa lắm.

http://www.bloomberg.com/news/2010-...n-may-be-3-of-vietnam-lenders-portfolios.html
Near-Bankrupt Vinashin May Owe 3% of Vietnamese Banks' Loans, Moody's Says


Vietnam Shipbuilding Industry Group, the near-bankrupt ship maker, may account for as much as 3 percent of some Vietnamese banks’ loan portfolios, putting them at risk for restructuring, Moody’s Investors Service said.
State-owned Vietnam Shipbuilding, also known as Vinashin, said Nov. 19 it may delay a $60 million principal payment on a $600 million loan, according to Karolyn Seet, a Singapore-based financial institutions analyst at Moody’s, who wrote she now questions the extent of government backing for the company.
Long-term delays in debt repayment and a lack of government support could force banks to restructure loans to Vinashin or write off their debt and damage their capital, she said in a note today. The company had accumulated total debt of about 86 trillion dong ($4.41 billion) as of June, the government said in August.
“Before this, we thought the government would be willing to step in and bail out any bank in time of default,” she said in a telephone interview. “With this case coming along we are not sure if the support is as high as we originally thought.”
Vinashin has 16.2 trillion dong of bonds and loans maturing through 2017, according to data compiled by Bloomberg. The yield on its 9 percent dong-denominated notes due in April 2017 rose to 21.16 percent today, the highest in at least a year, according to Deutsche Bank Vietnam prices.
For some Vietnamese lenders, especially the state-owned commercial banks, Vinashin is their largest debt concentration, Seet wrote. Most of those loans have not been written off and are still categorized as performing or “special-mention loans.”
Management Ousted
Prime Minister *************** replaced the company’s top management and began a probe of its operations. The government also announced a restructuring of the group.
Vinashin will do the restructuring on its own, Chief Executive Officer Nguyen Ngoc Su said by telephone today, giving no timeframe. He denied earlier reports that KPMG is being hired as an adviser on the restructuring.
Vinashin used resources obtained from government guarantees to invest in non-core activities, falsified financial reports and is on the verge of default, the World Bank said in October.
The company will now focus on shipbuilding and repair and other related businesses, Moody’s said.
“The Vinashin episode shows that timely government support to both the corporate as well as banking sectors cannot be reliably assumed,” Seet wrote. “More importantly, the episode raises further questions about the risk of further credit losses in loans to Vietnam’s state-owned enterprise sector.”
Vietnam’s banking industry may have an overall loan exposure to state-owned companies of as much as 40 percent, according to Moody’s.
--Jason Folkmanis in Ho Chi Minh City With assistance from Uyen Nguyen in Hanoi. Editors: James Gunsalus, Russell Ward.
To contact the Bloomberg News staff on this story: Jason Folkmanis in Ho Chi Minh City at [email protected]
To contact the editor responsible for this story: Lars Klemming at [email protected].

TT đang uptrend mạnh, bán sớm ngày nào là mất tiền ngày đó, chia buồn nhé. Đối với những người kém may mắn như vậy mà bác nào còn ném thêm gạch đá nữa thì thất đức quá [r23)]

Thị trường chứng khoán đợt này có lẽ sẽ quét sạch những thằng bảo vệ, lái xe, chém gió.... ra khỏi vị trí ...chuyên gia chứng khoán, môi giới cao cấp.

[r24)][r24)][r24)]

Chúng nó còn đang xoắn. Chúng mình là con tôm cái tép mà lại không xoắn. Vô lý !

Thằng nào chạy trước là thằng khôn.

Thực tế đã chứng minh từ thứ 2 tuần trước đến bây giờ, thằng nào chạy trước là thằng ngu. Kiểm chứng lại topic của bác vào thứ 6 tuần này

SHN thì không có chuyện đỏ đâu
Các cụ ở dưới sân ga đừng ném đá nhá kekekeke. Cứ yên tâm thỉnh thoảng ở trên tàu có chút gì thừa anh em sẽ ném xuống ga hêhhe

Để dành cục gạch ngày mai ném nhé