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Gold bullion coins that will be on sale under which the prices Tuesday 2016 / 9 / 20 this week
09/19/2016
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Samson: Vietnam PM says may allow bigger foreign stakes in banks
Vietnam could raise its cap on foreign ownership in domestic banks to above 30 percent and keep the exchange rate stable to help boost foreign investment, state television quoted the prime minister telling investors on Thursday.
“The prime minister may allow foreign investors to own more than 30 percent of the registered capital in banks,” Vietnam Television cited Nguyen Xuan Phuc as telling representatives of 16 investment funds in Hong Kong.
Phuc’s remarks about creating more space for foreigners in the banking sector come after Moody’s Investors Service started a review towards upgrading credit ratings of seven Vietnamese banks.
Moody’s said this month improvements in their credit profiles, asset quality, profitability and stability in funding and liquidity were expected.
Vietnam will not devalue its currency, the dong, to stabilise the economy and stimulate investors to pour funds in the country, Phuc was quoted as saying.
Vietnam’s crowded banking sector has been shaken up in recent years, with stricter lending and debt classification, forced takeovers, and numerous bankers jailed for fraud.
A state-run asset management firm has helped whittle down non-performing loans to 2.58 percent of total loans in June 2016 from 3.25 percent in 2014, the central bank has said, having reached as high as 17 percent in 2012.
It was not the first time Vietnam has talked of raising the 30 percent cap. Phuc’s predecessor, Nguyen Tan Dung, said in April 2015 that a decree was being prepared to allow that. However, it did not materialise.
Vietnam now limits foreign ownership in a domestic bank at 30 percent, with a 15-percent limit for a non-strategic investor. A strategic partner could own up to 20 percent
Foreign ownership has reached the 20-percent ceiling in five Vietnamese banks, none of which is listed.
Another five foreign banks already own stakes in five domestic lenders, including Vietcombank, VietinBank and Eximbank.
Foreign direct investment inflows into Vietnam reached an estimated $9.8 billion in the first eight months of this year, up 8.9 percent from a year ago, based on government data, following a record high $14.5 billion in 2015.
http://tuoitrenews.vn/business/37090/vietnam-pm-says-may-allow-bigger-foreign-stakes-in-banks
Samson: New boiling in the bond market threatens severe economic crisis
19/09/2016 – 16:11
The bond market is witnessing a significant increase in versions not seen since 2007, the year before the explosion of the global financial crisis in 2008/2009, which is still the world economy is suffering from the consequences yet, at the time increased the amount of debt, down at zero percent or by negative.
According to the latest census data from Delog company, it was traded bonds (for companies and countries) since the beginning of the year until now valued at 4.88 trillion dollars.
The value of bonds sold in the same period in 2007 at 4.91 trillion dollars.
With the turmoil in other markets, and uncertainty prevails over the future of the global economy, investors and investment funds seeking to take advantage of low interest rates to increase their portfolios of bonds.
The companies and governments to issue bonds benefiting from the low cost of borrowing in general.
Experts and financial analysts believe that the central banks, monetary policy is generally in the major countries, it helps to boil and bubble inflated debt in the bond market policies to make it easier to cut the cash rate and pumping stimulus money in the markets.
Many fear that the world almost on the verge of loans are similar to the previous crisis, with the complications is the weakness of general global economic growth and the fragility of the major economies that have not yet fully recovered from the previous crisis.
And increased debt sales volume this year by 9 percent from 2006, while debt sales volume reached a record high of $ 6.6 trillion (not including debt securities of sovereign states).
Experts believe that the increase in corporate debt by issuing new bonds increases the risk Mdionadtha burden at a time when it is difficult to expect generally improved sales because of weak economic growth.
The big companies began selling bonds at a yield of zero or even negative return, with an estimated volume of different statistics bond yield zero or negative rate in the global bond market is now estimated at $ 12.6 trillion.
And experiencing long-term corporate bonds, a significant decline in revenue, it reached 7 percent for bonds Microsoft for 40 years, and 6 percent for Apple’s bonds due in 2046.
It is noteworthy that a number of economists warn of a bubble the global bond market for some time, and is considered by some to burst this bubble may be the spark of a new global economic crisis, the global economy may witness a deep recession could be up to the recession.
http://economy-news.net/content.php?id=5156
