Part 2:
BACKDOC: WHAT WOULD YOU DO IF YOU WERE A COUNTRY AND YOU WERE ABOUT TO GET YOUR REAL CURRENCY BACK WITH A VALUE?
THAT'S RIGHT, YOU WOULD DE-DOLLARIZE QUICKLY! ESPECIALLY IF YOU KNEW THE DOLLAR WAS GOING TO CRASH SOON!
NO WONDER VIETNAM PUT 80% OF THEIR DEBT INTO DOLLARS! HEE HEE THAT'S WHY THEY CALLED IT A CLEVER MOVE!
OH I GET IT! THEIR DEBT CRASHES WHILE THEIR SOVEREIGN CURRENCY SKYROCKETS! YIPPIE!
DOC IMO
....
BACKDOC: WHAT WOULD YOU DO IF YOU WERE A COUNTRY AND YOU WERE ABOUT TO GET YOUR REAL CURRENCY BACK WITH A VALUE?
THAT'S RIGHT, YOU WOULD DE-DOLLARIZE QUICKLY! ESPECIALLY IF YOU KNEW THE DOLLAR WAS GOING TO CRASH SOON!
NO WONDER VIETNAM PUT 80% OF THEIR DEBT INTO DOLLARS! HEE HEE THAT'S WHY THEY CALLED IT A CLEVER MOVE!
OH I GET IT! THEIR DEBT CRASHES WHILE THEIR SOVEREIGN CURRENCY SKYROCKETS! YIPPIE!
DOC IMO
....
Mountainman: You got that......FOLLOW the RULES or ELSE.......No CHEATING SCAMMING or EXPLOITING for GAIN......Now do it Again and I Will SLAP those Greedy HANDS........IMO
Blessings,Mountainman (8)=New Beginnings........and New STANDARDS for BANKING.........
Thunderhawk: VIETNAM: State bank governor gets strict with USD deposit rates
The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.
The move came following reports about several banks raising USD deposit interest rates to a level higher than the regulated limit to attract foreign currency.
The Governor asked credit organisations and foreign banks to seriously abide by existing regulations on deposit rates, especially those for US dollars.
The documents also ban technical measures to surpass USD rates and unhealthy competition.
The SBV will not allow those credit organisations which are found in violation of the above rules to open new branches or representative offices, or launch new services.
Violators may also have some banking operations suspended if necessary.
The SBV Governor also asked for increased inspection and strict punishment for violations.
http://ift.tt/1T5CjS3
**************
Mountainman: Don't You like the Sound of the Words.......IMPLEMENT/IMPLEMENTATION.......???......Yah.....Me too.....w/VIETNAM'S Rise in VALUE Looming Around the Corner it is Good to See the WB and SECO Directing the Next Steps for A Continued PROGRESS for this Project......Yes Indeed.....IMO
Blessings,Mountainman (8)=New Beginnings........for PROGRESS.......INTERNATIONALLY
BACKDOC: CANADA HAS THE REPUTATION OF MANAGING BANKS VERY WELL. WITH ALL THE GROWTH ABOUT TO EXPLODE THERE THEY NEED ASSISTANCE! DOC IMO
VIETNAM: Technical assistance project for improving public finance approved
The Prime Minister has just approved the contents of a technical assistance project on consultation and analysis of public finance management in Vietnam funded by the Swiss Economic Cooperation and Development (SECO) and the Global Affairs Canada through the World Bank (WB).
The project aims to improve the public finance system in Vietnam in terms of efficiency and effectiveness of public expenditure and public service.
The project comprises five components: improving the connection between planning and state budget, improving the efficiency of controlling budget use, improving the provision of budget information, improving systems to ensure budget stability and determining and managing fiscal-year risks.
The Ministry of Finance (MoF) will implement the project over five years.
The total cost of the project is US$6.33 million, of which US$5.73 million is sourced by non-refundable aid from SECO and the Global Affairs Canada sponsored, and the remaining US$600,000 comes from Vietnam’s budget.
The PM assigned the MoF to finalise documents for the project and be accountable for the appraisal and implementation of the project
.
http://ift.tt/1Wix2KZ
************
Mountainman: You See....???......Nobody wants to Fight right Now......It's A TIME of Preparation and Reparation that Establishes A Countries FUTURE in PROSPERITY and GROWTH.......Even KUWAIT needs to EXPAND their RELIANCE on OIL Alone for their ECONOMY.....
These COOL CATS are Learning QUICK......I Like It.....IMO
Blessings,Mountainman (8)=New Beginnings.......for An Expansion of Ones MINDSET......
Thunderhawk: Kuwaiti PM concludes Vietnam visit
On May 7, Kuwaiti Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabad returned home after his two-day official visit to Vietnam at the invitation of Prime Minister Nguyen Xuan Phuc.
The Kuwaiti Prime Minister and Vietnamese leaders expressed their delight at all-around cooperation between the two countries over the past four decades.
They affirmed their determination to bolster cooperation, especially in trade, oil and gas, investment, development aid, employment and education and training.
The leaders compared notes on international issues, including those regarding the Middle East and the East Sea, during which they highlighted the settlement of disputes by peaceful measures in compliance with international law and the UN Charter.
They condemned terrorism, underscoring their backing of the international community’s joint efforts against terrorism.
Both sides underlined the need to intensify the exchange of information and make more active contributions to the combined efforts to safeguard peace, stability, cooperation and development in the globe.
A number of agreements on culture, arts, sports, trade and oil and gas were signed during the visit.
http://ift.tt/1T5CjS5
************
BACKDOC: LOOKS TO ME LIKE THE LAUNCH OF THE ASEAN COUNTRIES REGIONAL FORUM WILL END UP WITH DISCUSSING THE LAUNCH OF TPP AND SECURITY COOPERATION! THE SOUTH CHINA SEA ISSUE IS HUGE! CHINA NO LIKEY! DOC IMO
Mountainman: Sheesh HAWK......WHERE in this ARTICLE does it say {TPP}......LOL........It's TIME to IMPLEMENT and (8) isn't Just A Number it is MANY things in this New Global Reality.....As said Earlier.....MANY Events {CONVERGING} and it (ALL) Points to New VALUES.........
TPP is saying WHAT Most Teens say When they Turn 18......Love ya.....But it's TIME for ME to FLY......IMO
Blessings,Mountainman (8)=New Beginnings..........A LAUNCH has Been IMPLIED.......{ALL} SYSTEMS READY,SET,.....
************
Thunderhawk: US Assistant Secretary travels to Laos, Vietnam, and Malaysia
US Assistant Secretary for East Asian and Pacific Affairs Daniel Russel will travel to Vientiane and Luang Prabang, Laos; Hanoi, Vietnam; and Kuala Lumpur, Malaysia, from May 6 – 12.
According to a US Department of State’s press release, Russel will visit Vientiane, Laos, where he will take part in the US-Laos Comprehensive Bilateral Dialogue with a Lao Ministry of Foreign Affairs delegation on May 6.
He will meet with senior officials in Luang Prabang, for the Lower Mekong Initiative, Friends of the Lower Mekong, East Asia Summit, and ASEAN Regional Forum from May 7-8.
He will pay a visit to Hanoi from May 9–10, during which he will discuss US-Vietnam bilateral relations and the East Sea and ASEAN issues with senior officials.
From May 11-12, Russel will fly to Kuala Lumpur, Malaysia, to attend the 29th ASEAN-US Dialogue. He will also meet with senior Malaysian officials to talk bilateral issues, including security cooperation and TPP implementation.
http://ift.tt/1Wix1qD
************
BACKDOC: THE PRESSURE ON CHINA TO REFORM THEIR STATE OWNED ZOMIE COMPANIES IS REAL. WITH ALREADY 22 COMPANIES THIS YEAR DEFAULTING ON THEIR BOND DEBT!
REMEMBER AS WE HAVE CONTRACTION OF DEFLATION BAD DEBT RISES. ALTHOUGH CHINA CLAIMS TO HAVE SIGNIFICANT GROWTH ACTUAL NUMBERS MAY BE FAR LESS ACCORDING TO OTHER EXPERTS!
CONSOLIDATION OF THEIR DEBT AND MORE PRIVATIZATION WILL BE THEIR TREND ALTHOUGH FUTURE PLANNING SEEMS TO STILL BE WEAK DUE TO THEIR PREVIOUS FOCUS ON EXPORTS!
THEY ARE BEING PULLED AWAY FROM THE PUNCH BOWL WITH TPP AND OTHER EMPIRE TRADE AGREEMENTS AND THEY DON'T LIKE IT! DOC IMO
Mountainman: It's the Bottom of the 9th Inning Here BASES are Loaded......However You have 2 BALLS, 2 STRIKES, and 2 OUTS.......A HOMERUN is Needed to Win this One......But Who is Able to knock it Out of the Ball Park at this Point......
It's Looking Dismal for A Large Economy like CHINA who is way Over Leveraged here...... Who just may have to Take their Bat and Go Home......A Repricing and Adding Stronger Measures in their Business Affairs is Obviously Hurting them Badly......As to How they Rectify these Issues.....we Watch and Wait.......
They have much to Accomplish between Now and OCT 1,2016.......The USA will Work in Trade w/ them, but the New Rules are Biting Off that Which they Stole and Manipulated along the Way.....No MORE of that NONSENSE ALLOWED.........It's Called a NEW REALITY for A Reason.....IMO.......Hmmm
Blessings,Mountainman (8)=New Beginnings.......And oh it is Sometimes Sooooo Painful.....Says CHINA
Thunderhawk: TRIPLE PLAY
Backdoc Alert
China’s debt problem is bigger than you think
Bad loans are 10 times as large as official Chinese data suggest, research firm says
http://ift.tt/1T5CigS
************
Backdoc Alert
CLSA Sees China Bad-Loan Epidemic With $1 Trillion of Losses
Chinese banks’ bad loans are at least nine times bigger than official numbers indicate, an “epidemic” that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.
Nonperforming loans stood at 15 percent to 19 percent of outstanding credit last year, Francis Cheung, the firm’s head of China and Hong Kong strategy, said in Hong Kong on Friday. That compares with the official 1.67 percent.
Potential losses could range from 6.9 trillion yuan ($1.1 trillion) to 9.1 trillion yuan, according to a report by the brokerage. The estimates are based on public data on listed companies’ debt-servicing abilities and make assumptions about potential recovery rates for bad loans.
Cheung’s assessment adds to warnings from hedge-fund manager Kyle Bass, Autonomous Research analyst Charlene Chu and the International Monetary Fund on China’s likely levels of troubled credit. The IMF said last month that the nation may have $1.3 trillion of risky loans, with potential losses equivalent to 7 percent of gross domestic product.
‘Shadow Banking’
CLSA estimates bad credit in shadow banking -- a category including banks’ off-balance-sheet lending such as entrusted loans and trust loans -- could amount to 4.6 trillion yuan and yield a loss of 2.8 trillion yuan.
CLSA cites a diminishing economic return on stimulus pumped into the economy as among the reasons for a worsening outlook, with Cheung saying at a briefing that bad loans had the potential to rise to 20 percent to 25 percent.
“China’s banking system has reached a point where it needs a comprehensive solution for the bad-debt problem, but there is no plan yet,” he said in the report.
In one initiative, the government may let banks convert some bad loans into equity, a tool used to bail out the banking system and state-owned enterprises in the 1990s. IMF staff are among those to have warned that such a move could backfire by lending support to debt-laden “zombie” companies that should be allowed to fail. Read more at:
http://ift.tt/1SQUbkR
Blessings,Mountainman (8)=New Beginnings........and New STANDARDS for BANKING.........
Thunderhawk: VIETNAM: State bank governor gets strict with USD deposit rates
The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.
The move came following reports about several banks raising USD deposit interest rates to a level higher than the regulated limit to attract foreign currency.
The Governor asked credit organisations and foreign banks to seriously abide by existing regulations on deposit rates, especially those for US dollars.
The documents also ban technical measures to surpass USD rates and unhealthy competition.
The SBV will not allow those credit organisations which are found in violation of the above rules to open new branches or representative offices, or launch new services.
Violators may also have some banking operations suspended if necessary.
The SBV Governor also asked for increased inspection and strict punishment for violations.
http://ift.tt/1T5CjS3
**************
Mountainman: Don't You like the Sound of the Words.......IMPLEMENT/IMPLEMENTATION.......???......Yah.....Me too.....w/VIETNAM'S Rise in VALUE Looming Around the Corner it is Good to See the WB and SECO Directing the Next Steps for A Continued PROGRESS for this Project......Yes Indeed.....IMO
Blessings,Mountainman (8)=New Beginnings........for PROGRESS.......INTERNATIONALLY
BACKDOC: CANADA HAS THE REPUTATION OF MANAGING BANKS VERY WELL. WITH ALL THE GROWTH ABOUT TO EXPLODE THERE THEY NEED ASSISTANCE! DOC IMO
VIETNAM: Technical assistance project for improving public finance approved
The Prime Minister has just approved the contents of a technical assistance project on consultation and analysis of public finance management in Vietnam funded by the Swiss Economic Cooperation and Development (SECO) and the Global Affairs Canada through the World Bank (WB).
The project aims to improve the public finance system in Vietnam in terms of efficiency and effectiveness of public expenditure and public service.
The project comprises five components: improving the connection between planning and state budget, improving the efficiency of controlling budget use, improving the provision of budget information, improving systems to ensure budget stability and determining and managing fiscal-year risks.
The Ministry of Finance (MoF) will implement the project over five years.
The total cost of the project is US$6.33 million, of which US$5.73 million is sourced by non-refundable aid from SECO and the Global Affairs Canada sponsored, and the remaining US$600,000 comes from Vietnam’s budget.
The PM assigned the MoF to finalise documents for the project and be accountable for the appraisal and implementation of the project
.
http://ift.tt/1Wix2KZ
************
Mountainman: You See....???......Nobody wants to Fight right Now......It's A TIME of Preparation and Reparation that Establishes A Countries FUTURE in PROSPERITY and GROWTH.......Even KUWAIT needs to EXPAND their RELIANCE on OIL Alone for their ECONOMY.....
These COOL CATS are Learning QUICK......I Like It.....IMO
Blessings,Mountainman (8)=New Beginnings.......for An Expansion of Ones MINDSET......
Thunderhawk: Kuwaiti PM concludes Vietnam visit
On May 7, Kuwaiti Prime Minister Sheikh Jaber Mubarak Al-Hamad Al-Sabad returned home after his two-day official visit to Vietnam at the invitation of Prime Minister Nguyen Xuan Phuc.
The Kuwaiti Prime Minister and Vietnamese leaders expressed their delight at all-around cooperation between the two countries over the past four decades.
They affirmed their determination to bolster cooperation, especially in trade, oil and gas, investment, development aid, employment and education and training.
The leaders compared notes on international issues, including those regarding the Middle East and the East Sea, during which they highlighted the settlement of disputes by peaceful measures in compliance with international law and the UN Charter.
They condemned terrorism, underscoring their backing of the international community’s joint efforts against terrorism.
Both sides underlined the need to intensify the exchange of information and make more active contributions to the combined efforts to safeguard peace, stability, cooperation and development in the globe.
A number of agreements on culture, arts, sports, trade and oil and gas were signed during the visit.
http://ift.tt/1T5CjS5
************
BACKDOC: LOOKS TO ME LIKE THE LAUNCH OF THE ASEAN COUNTRIES REGIONAL FORUM WILL END UP WITH DISCUSSING THE LAUNCH OF TPP AND SECURITY COOPERATION! THE SOUTH CHINA SEA ISSUE IS HUGE! CHINA NO LIKEY! DOC IMO
Mountainman: Sheesh HAWK......WHERE in this ARTICLE does it say {TPP}......LOL........It's TIME to IMPLEMENT and (8) isn't Just A Number it is MANY things in this New Global Reality.....As said Earlier.....MANY Events {CONVERGING} and it (ALL) Points to New VALUES.........
TPP is saying WHAT Most Teens say When they Turn 18......Love ya.....But it's TIME for ME to FLY......IMO
Blessings,Mountainman (8)=New Beginnings..........A LAUNCH has Been IMPLIED.......{ALL} SYSTEMS READY,SET,.....
************
Thunderhawk: US Assistant Secretary travels to Laos, Vietnam, and Malaysia
US Assistant Secretary for East Asian and Pacific Affairs Daniel Russel will travel to Vientiane and Luang Prabang, Laos; Hanoi, Vietnam; and Kuala Lumpur, Malaysia, from May 6 – 12.
According to a US Department of State’s press release, Russel will visit Vientiane, Laos, where he will take part in the US-Laos Comprehensive Bilateral Dialogue with a Lao Ministry of Foreign Affairs delegation on May 6.
He will meet with senior officials in Luang Prabang, for the Lower Mekong Initiative, Friends of the Lower Mekong, East Asia Summit, and ASEAN Regional Forum from May 7-8.
He will pay a visit to Hanoi from May 9–10, during which he will discuss US-Vietnam bilateral relations and the East Sea and ASEAN issues with senior officials.
From May 11-12, Russel will fly to Kuala Lumpur, Malaysia, to attend the 29th ASEAN-US Dialogue. He will also meet with senior Malaysian officials to talk bilateral issues, including security cooperation and TPP implementation.
http://ift.tt/1Wix1qD
************
BACKDOC: THE PRESSURE ON CHINA TO REFORM THEIR STATE OWNED ZOMIE COMPANIES IS REAL. WITH ALREADY 22 COMPANIES THIS YEAR DEFAULTING ON THEIR BOND DEBT!
REMEMBER AS WE HAVE CONTRACTION OF DEFLATION BAD DEBT RISES. ALTHOUGH CHINA CLAIMS TO HAVE SIGNIFICANT GROWTH ACTUAL NUMBERS MAY BE FAR LESS ACCORDING TO OTHER EXPERTS!
CONSOLIDATION OF THEIR DEBT AND MORE PRIVATIZATION WILL BE THEIR TREND ALTHOUGH FUTURE PLANNING SEEMS TO STILL BE WEAK DUE TO THEIR PREVIOUS FOCUS ON EXPORTS!
THEY ARE BEING PULLED AWAY FROM THE PUNCH BOWL WITH TPP AND OTHER EMPIRE TRADE AGREEMENTS AND THEY DON'T LIKE IT! DOC IMO
Mountainman: It's the Bottom of the 9th Inning Here BASES are Loaded......However You have 2 BALLS, 2 STRIKES, and 2 OUTS.......A HOMERUN is Needed to Win this One......But Who is Able to knock it Out of the Ball Park at this Point......
It's Looking Dismal for A Large Economy like CHINA who is way Over Leveraged here...... Who just may have to Take their Bat and Go Home......A Repricing and Adding Stronger Measures in their Business Affairs is Obviously Hurting them Badly......As to How they Rectify these Issues.....we Watch and Wait.......
They have much to Accomplish between Now and OCT 1,2016.......The USA will Work in Trade w/ them, but the New Rules are Biting Off that Which they Stole and Manipulated along the Way.....No MORE of that NONSENSE ALLOWED.........It's Called a NEW REALITY for A Reason.....IMO.......Hmmm
Blessings,Mountainman (8)=New Beginnings.......And oh it is Sometimes Sooooo Painful.....Says CHINA
Thunderhawk: TRIPLE PLAY
Backdoc Alert
China’s debt problem is bigger than you think
Bad loans are 10 times as large as official Chinese data suggest, research firm says
http://ift.tt/1T5CigS
************
Backdoc Alert
CLSA Sees China Bad-Loan Epidemic With $1 Trillion of Losses
Chinese banks’ bad loans are at least nine times bigger than official numbers indicate, an “epidemic” that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.
Nonperforming loans stood at 15 percent to 19 percent of outstanding credit last year, Francis Cheung, the firm’s head of China and Hong Kong strategy, said in Hong Kong on Friday. That compares with the official 1.67 percent.
Potential losses could range from 6.9 trillion yuan ($1.1 trillion) to 9.1 trillion yuan, according to a report by the brokerage. The estimates are based on public data on listed companies’ debt-servicing abilities and make assumptions about potential recovery rates for bad loans.
Cheung’s assessment adds to warnings from hedge-fund manager Kyle Bass, Autonomous Research analyst Charlene Chu and the International Monetary Fund on China’s likely levels of troubled credit. The IMF said last month that the nation may have $1.3 trillion of risky loans, with potential losses equivalent to 7 percent of gross domestic product.
‘Shadow Banking’
CLSA estimates bad credit in shadow banking -- a category including banks’ off-balance-sheet lending such as entrusted loans and trust loans -- could amount to 4.6 trillion yuan and yield a loss of 2.8 trillion yuan.
CLSA cites a diminishing economic return on stimulus pumped into the economy as among the reasons for a worsening outlook, with Cheung saying at a briefing that bad loans had the potential to rise to 20 percent to 25 percent.
“China’s banking system has reached a point where it needs a comprehensive solution for the bad-debt problem, but there is no plan yet,” he said in the report.
In one initiative, the government may let banks convert some bad loans into equity, a tool used to bail out the banking system and state-owned enterprises in the 1990s. IMF staff are among those to have warned that such a move could backfire by lending support to debt-laden “zombie” companies that should be allowed to fail. Read more at:
http://ift.tt/1SQUbkR
Backdoc Alert
China Foreign Reserves Increase in April on Yuan Sentiment
China’s foreign-exchange reserves increased for the second month in a row as market sentiment toward the yuan improved and a stronger yen and euro boosted the headline number.
The world’s largest currency hoard rose by $7.089 billion to $3.22 trillion in April, the People’s Bank of China said in a statement Saturday. That compares with the $3.20 trillion expected by economists surveyed by Bloomberg.
The market’s confidence in the yuan has strengthened as data released in April showed a rebound across several indicators and the Federal Reserve signaled it will hold off on interest-rate increases. Whether China’s momentum can be sustained remains to be seen, as some suggestions of a U.S. rate hike in June may revive capital outflow pressures.
Read more at: http://ift.tt/1QUAi6S
China Foreign Reserves Increase in April on Yuan Sentiment
China’s foreign-exchange reserves increased for the second month in a row as market sentiment toward the yuan improved and a stronger yen and euro boosted the headline number.
The world’s largest currency hoard rose by $7.089 billion to $3.22 trillion in April, the People’s Bank of China said in a statement Saturday. That compares with the $3.20 trillion expected by economists surveyed by Bloomberg.
The market’s confidence in the yuan has strengthened as data released in April showed a rebound across several indicators and the Federal Reserve signaled it will hold off on interest-rate increases. Whether China’s momentum can be sustained remains to be seen, as some suggestions of a U.S. rate hike in June may revive capital outflow pressures.
Read more at: http://ift.tt/1QUAi6S
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