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Wednesday, January 4, 2017

TNT CHAT, 4 JAN

IslandGurl:  HiYa Gals and Guys: I went to one of the BOFA in NY. I felt comfortable doing so because they were the first to convince me that I was holding on to a currency that will make me a rich woman. At that time, they were selling VND currency. Today, BOFA told me that they are no longer selling/buying any of the three currency I queried about at that time.

So, I say oh really! She said, "Yaaaay!" So, I asked another pertinent question and was told well actually the VND is on the screen but there is a note next to it...HOLD!

Luvwulfs:  Islandgurl Ge to ya, Maybe not until after the rates go up, then they will resume

Islandgurl:  Luvs: You know what is encouraging to me. All the former employees were rerouted to other branches. Only the tellers are the same.

BOFA has been doing a lot of shuffling around. I visit about three to four branches and most if not all staff members are new. The tellers remain the same.

BANK STORY BY ISLANDGURL, 4 JAN

IslandGurl:
I visited one of my banks today BoFA in NY and was told that they do not sell/exchange the VND, Zim or Dinar. I asked her when they stopped selling the VND. Her reply, "Well it is on the screen with HOLD." I said, hmmmmmm! After a while, everything will be on screen with a big fat rate attached

WSOMN UPDATE, 4 JAN

ADMINBILL:  Just received from contact. From WF : Zim Dinar Rupiah Rial Dong are off currency screen. Believed to be they are entering new rates. Waiting for additional confirmation.

DinarDad:  Is WF confirmed by another source meaning that the currencies are gone from the screens or back on the screens?

KLS:  I take it to mean...they are back on board, maybe after getting hands slapped.

ADMINBILL:  WF CURRENCY INFO HAS BEEN CONFIRMED BY ANOTHER SOURCE

YOUR BEST BET IS TO NOT SPECULATE WHAT BEING "OFF THE SCREEN" MEANS AT THIS POINT. LET'S SEE WHAT HAPPENS NEXT. IT MAY MEAN NOTHING OR IT MAY MEAN EVERYTHING.


Scotchie:  So, 1. Oil & Gas Law, 2. Amnesty Law, 3. Reconciliation Law, 4. Budget, 5. Three Ministers, including Finance, 6. Deferral of Project to Delete Zeros, 7. Occupation of a portion of Iraq, 8. Ensuring ISIS cannot return once out of country, 9. Distribution of lower denoms. 10. Maliki departure. No hopiium, just facts, imo.

MNT GOAT UPDATE, 4 JAN

Hi Everyone,
 
I bring you much news today. We were told the cabinet held its first session of 2017 on Tuesday , January 3 2017 , headed by Dr. Haider al - Abab

So we know the parliament is not too far behind also as they told us they will hold their first session on Jan 7th. The legislative part of the government is getting back to work.
 
So much news on the “project to delete the zeros” recently. As we know they told us recently there will be yet another phase implemented for this project and it will launch three new lower denominations and they plan to do it soon. We learn (and confirm) today that the merchants also know about this upcoming change and want it real bad. They are tired of over a decade of having to rush to the bank to exchange dinars for dollars to pay their debts. In fact they are jumping the gun and thus CBI had to come out with this news to clarify the change is not yet done. Why do the merchants want it real bad? How does the launching lower denominations effect them?


By launching the lower denominations they can begin paying their foreign obligations directly using dinar. But in the process the dinar must go international and must have some real value to compete with other foreign currencies. We know they also fully intend to remove themselves out of this “closed” economy (non sanctioned economy).  So with this move the merchants will no longer have to exchange dinar to dollars to trade. They will no longer have to pay a spread to the banks, to the CBI or sleazy street money exchangers. They also look forward to more currency value and the lower cost of goods and services. This all means higher profits. It also means more varied goods, products and services available to them to sell since more foreign entities will want to come to Iraq and do business. They are very anxious!

I also believe the publication of the budget law is now being intentionally delayed for some reason. I talk more about this below in the news letter today.

As always my comments are in italic RED.

Articles Begin

Central denies dropping the old edition of the Dollar

12/26/2016
 
A spokesman for the Acer Bank Jabar told I followed NOAA "The news that I talked about not dealing in dollars the old edition are completely untrue and baseless.
(this is not negating the upcoming project to delete the zeros as was stated to be ready for EARLY 2017. Instead it is simply telling the merchants that the project is not yet done. A clarification of their last notification that recently came out about a couple days ago about the upcoming project. So not yet they said. Also they said the currency auctions are still in effect and they must still get US dollars for dinars to pay foreign remittances. They are saying they can not yet use dinars international….at least not yet.
 
They are saying this process is in effect until the project to delete the zeros is implemented and they replace the old currency with the new currency. I quote from the article – “international banks will give allow for the replacement of old money and new editions period will inform citizens about this process by the official announcement by the Central” Bank. Just as I have been telling everyone all a long that the CBI will inform everyone when the time comes. No need for these so called “intel gurus” to tell you otherwise. Instead listen to the CBI!)

He added that "the process if they occur would be after receiving notification from the banking agencies and the US Treasury Department had been replaced dollar new currency.

Jabbar said that international banks will give allow for the replacement of old money and new editions period will inform citizens about this process by the official announcement by the Central Bank.

(now let me also finish up with the article and say many are disappointed in it and believe it is negative news. Negative…really? This only shows the train of thought of some people in this investment and how ignorant they really are in the matter. I feel if these people bring you articles and post them on the forums they could at least refrain from making an opinion if they are not knowledgeable enough to do so. I know they think they are but their response to this article proves they are not. How can you turn such a positive article to something so negative?
 

Let me tell you this article is amazing news and confirms and back ups the intent of the CBI once again to go to the next phase of the project to delete the zeros soon (very soon). It also gives us an insight into what the merchants are thinking and how they also know this change over to the new currency is about to happen. The merchants are jumping the gun and the CBI is trying to calm them down. They want to use dinars in trade directly and stop going to the currency auction windows. That is all this article is doing and nothing else. It is also confirming to us the CBI has not yet done the project, as many “intel gurus” are telling you it is already done. Oh,,,,this article is amazing! )


Administrative order delay infallible authentication on the Budget Law
(so what happened to the budget law. Where does it stand?)
 
Channel parents / follow-up
Parliamentary Finance Committee on Monday made it clear, the reasons for the delay at President Fuad Masum, is the ratification of the general budget of the current fiscal year the law.
 
The committee member said Sarhan Ahmed in a press statement, said that "the general budget of the current fiscal year the law is still in the corridors of the Finance Committee is awaiting administrative orders of the Presidency of the Council of Representatives for transmission to the President of the Republic Fuad Masum, the aim (goal is ) of approved and published in the Official Gazette."
 
Ahmed said, "The budget needed for a full month after its publication in the Official Gazette before the beginning of distribution of resources to ministries and state institutions," noting that "the said period may sometimes goes on in the event of one of the political parties appealed to the budget of the Federal Court Act. (telling us the budget needs 30 days publication in the official gazette prior to opening it and distribution of the money to the ministries. They are saying the gazette publication has not even happened yet. This can be stalled even longer if there are any appeals to it. Folks I believe they are stalling this for reason to coincide this publication to some other event which is being held up. I believe the want to target the rollout of the lower denominations and new rate when this occurs.)
 
Rafidain Bank issued the smart card to the staff of the Sunni Endowment
 
Twilight News / Rafidain Bank announced on Monday issued a smart card (Key Card) for employees of the Sunni Endowment in order to receive their salaries through them to shorten the cash currency trading routine.
 
(they are telling us clearly that using the SMART cards will lessen the amount of cash in the hands of the citizens. The intent of these cards is not so much a matter of convience to the citizens as it is playing a major roll in the collection of the three zero notes and getting them out of circulation and keeping them out of circulation as they move forward with this project and closer and closer to the roll out of the lower denoms. They have told us they intend to collect nearly 75% of the currency issued. Anyone who tells you they are not collecting the 3 zero notes is not reading the articles.
 
Yes- going forward it will help prevent crime and make it less expensive for the govt to pay salaries and pensions. No more cahiers, no more long lines and delays in getting paid.)
 
Press office of the bank said in a statement responded to the Twilight News, said that "the bank and in coordination with the Sunni Endowment has issued more than 300 smart card to the staff of the moratorium in Baghdad and the provinces of Wasit and Qadisiyah within directed the bank to transfer salary payments through electronic payment tools to reduce trading exchange manual and reducing theft the robbery of the employees' salaries, especially when transported from the branches of the bank to the circuit. "
 
Articles End
 
Their words not mine…..No Rumors, No Hype, Just the FACTS!
 
Auf Wiedersehen
Much love to ya all,
Mnt Goat

TNT UPDATE, 4 JAN

TNT:

IslandGurl:  I visited one of my banks today BoFA in NY and was told that they do not sell/exchange the VND, Zim or Dinar. I asked her when they stopped selling the VND. Her reply, "Well it is on the screen with HOLD." I said, hmmmmmm! After a while, everything will be on screen with a big fat rate attached

GS13:  . (Late Tuesday Night)  In case you did not listen to the big call tonight Bruce said that China had given Iraq a gift. It's a big huge Iraqi flag to fly over Mosoul. This is very symbolic for their country. I heard that they would be flying it tomorrow

IslandGurl:  Gs13: The Flying of the Flag over Mosul is probable the something big that is to happen tomorrow....Hmmmm!

Harambe :  CNBC: Watch out for these three Asian countries in 2017
http://www.cnbc.com/id/104195806

Harambe : CNBC: Wall Street set for higher open as investors eye Dow hitting elusive 20,000 mark http://www.cnbc.com/id/104198422

Restored Republic via a GCR Jan. 4 2017

Restored Republic via a GCR Jan. 4 2017

Compiled in the early morning hours EST of 4 Jan. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abuse Recovery www.ChildAbuseRecovery.com; Author, "Twenty Two Faces," www.22faces.com.

A. Jan. 3 2017 11:03 pm EST Geopolitical/RV/GCR Intel Update Mr. Ed: Geopolitical/RV/GCR Intel Update via RMN 1-1-17

1. As of Jan.1 2017 the United Nations voted unanimously to stop the Middle East War by agreeing to a cease fire and begin total peace throughout that region.

2. This was an historic event which satisfied the Chinese Elders and paved the way for the revaluation of all world currencies.

3. This was a surprise of the many currency holders and Gurus who did not understand that the real holdup of the RV was this agreement demanded by the Chinese Elders before any world currency reset would be allowed.

4. Israel was now surrounded and must conform to this agreement or the information regarding 911 would surface and Netanyahu Khazarian Zionists, the Mossad, and Saudi Arabian roles would be revealed to the populace of America who already suspected these nations participation.

5. This was a possible reason why most of the Aircraft carrier fleet was in port with exception of one ship.

6. On Jan. 6 Paul Ryan and General Joseph Dunford would come into focus and Gesara, prosperity, and wealth would flow to many nations and their populaces.

7. Both Israel and America were considering leaving the U.N. for various reasons.

8. The military was moving rockets down to the Mexican border in an operation to stop drug smuggling once and for all.

9. Buffalo Airlines has been bringing in drugs to the U.S. and would be stopped.

10. The remaining underground bases that operated the HAARP Weather system in San Diego, Hawaii, and Coos Bay Oregon would soon be neutralized.

B. Jan. 3 2017 Bruce's The Big Call:

1. Banks had the UN operational (or international) rates in place as of Jan. 1.

2. We are looking for something to happen this week.

3. Over the holidays and for the last few days, Wells Fargo, HSBC and other banks were at around 40% staff. Today they are up and running again with full staff.

4. The private groups are ready to get started again and that was expected to happen sometime into tomorrow night Jan. 4 2017.

5. Some Prosperity Packages have been delivered, others are ready to resume tomorrow night Jan. 4 2017.

6. Iraq was given a gift by China and told not to open it before Wed. morning Jan. 4 2017 - thought to be the Iraqi flag which would fly over Mosul on a very large flag pole that has been erected there.

7. In the last 48 hours rates may be trading up and before the release is given (which could be Thurs or Fri Jan 5, 6).

8. On Jan. 15 the UN currency rate changes would normally take place.

9. We are still looking at a shotgun start well before the general public goes (which is expected to happen around Jan. 15).

10. Yesterday Jan. 2 2017 info regarding NESARA and GESARA was put out that indicated Jan. 16, 17 were important dates for the general public.

11. At the banks bundles of $100 bills have been banded into groups of 25 in order to hand out at redemptions $75,000 to $10,000 in cash.

12. Some groups have completed their exchanges.

13. There is a beehive of activity out West.

14. The SKRs have been made liquid.

15. Iraq has paid Kuwait back around 5 billion dollars in newly valued Dinar.

16. There continues to be arrests of the Cabal.

17. Bruce expects to receive a 800 number to be posted, but has not yet received it.

C. Jan. 3 2017 4:39 pm EST "Right on the Money": "Right on the Money!" - Guest Post by Anon1. We ALL Should be Extending a Great Big "White Hat" Humanitarian Thank You to Etheric Blue (EB)! http://inteldinarchronicles.blogspot.com/2017/01/how-trump-will-drain-swamp-guest-post.html

2. IMHO Etheric Blue has been "right on the money" since day one on all of the EB postings! Do you ALL know why? Because it is coming straight from the "Horses' Mouth!"

3. I am the one who posted this below unfortunate info that was a bit hard for some to swallow back in mid-December. http://inteldinarchronicles.blogspot.com/2016/12/do-yall-want-good-news-or-bad-news.html

4. The real President-elect, DJT, really wants this GCR/RV already completed and the money to just flow, but we must ALL wait it out just a little bit longer, or at least until the 'checklist' had been completely checked off and the green light is finally given to proceed by the NPTB, you know - once the humanitarian coast is given the ALL clear!

D. Jan. 3 2017 Geopolitial GCR/RV Overview: "Up Ending" - Geopolitical/GCR/RV Overview - Tuesday - January 3, 2017

1. Per GESARA international compliance law, global peace including a new US administration must be effective before the new gold backed currency can be released.

2. This applies to every country in the world committed to the Paris Treaty (GESARA), not just the restored Republic of the United States of America.

3. This week look for something "major" to pop in the press, and then a historic event to unfold on Fri. afternoon Jan. 6 2017.

4. Fri. 1pm EST Jan. 6, 2017 will see final results of the electoral college when sealed votes (from December 19, 2016) are opened by VP Joe Biden on the floor of Congress.

5. After Fri. Jan. 6 the Chinese Elders were expected to release the RV to the world.

6. Expect nothing before Fri. Jan. 6, probably it will happen more like Sat. Jan. 7 or into early Sun. morning Jan 8.

7. Keep your eye on Israel, Germany, Ukraine, Qatar and Saudi Arabia as well, as there is a general consensus in the intelligence community these are the last remaining obstacles to global peace and prosperity.

E. Jan. 3 2017 10:55 am and 10:25 pm EST WSOMN AdminBill: "36 Hours or So" - Intel from WSOMN AdminBill 1-3-17

1. Nothing is ever 100% in Dinarland, though I'm hoping info received yesterday is accurate and we are nearly there.

2. I was also informed that major contracts that ended on Dec. 31 were taken care of as required.

3. If this week moves forward as I have been told it will I will know for sure if the timetable I have been given is accurate. I should know in the coming 36 hours or so (by Wed. 11:11pm EST).

4. Zim movement in process this week for selected private groups.

5. Private RV/GCR groups (internet groups such as WSOMN, TNT, PTR, Frank, Bruce, etc.) should be exchanging currencies including the Zim on or before Jan. 15 2017.

6. In all likelihood the general public will exchange after the Jan. 20 inauguration.

7. Rates are good - no number for the Zim.

8. Unknown about taxes.

9. Still nothing firm about 800 numbers.

F. Jan. 3 2017 11 am EST This Week's Update Summary of GCR: Restored Republic via a GCR: Special Update Summary 1-3-17

1. This last weekend's Dec. 31 2016 final test run for all North American exchange centers was deemed successful.

2. On Sun. morning 12:01 am EST Jan.1 2017, the new financial system completely transferred gold spot pricing from London to the Shanghai Gold Exchange.

3. Trusted sources from three-letter agencies have said that there is good expectation for something to happen regarding the new rate releases on Tues. Jan. 3 or Wed. Jan. 4

4. Zim movement has been in process this week for selected private groups.

5. Bulldog75 from Okie's site: said years ago that the Chinese don't trust the Obama Administration and they would block any sort of RV/GCR event until the new administration is in place.

6. On Friday Jan. 6 results of the Electorial College are scheduled to be announced - making the official changeover to a new administration (a condition of the Elders for release of the Global Currency Reset).

7. Last weekend's test run was in preparation for next weekend's GCR release (Jan. 6, 7, 8, 9 2017).

8. According to Dr. Clarke funding outside the US for all exchanges may begin next weekend of January 7, 8 & 9th, with the new substantially increased, adjusted rate value of the dinar in Iraq.

9. Private RV/GCR groups (internet groups such as WSOMN, TNT, PTR, Frank, Bruce, etc.) should be exchanging currencies including the Zim on or before Jan. 15 2017.

10. AdminBill: The general public should exchange sometime after the Jan. 20 2017 inauguration.

G. One Who Believes: Why the RV will be on Sat. Jan. 7.: Gary Larrabee - One Who Believes Tells Why he Expect...

1. Yosef thought it would go on Sat. Jan. 7 or Sun Jan. 8.

2. The GCR was supposed to go on Christmas or Easter in order to hide behind a media cover of other events.

3. The electorial vote count on Fri. Jan. 6 will reveal a big surprise that will cause that needed media frenzy.

4. Sat. Jan. 7 is Chistmas Day for the Orthodox Church and a three day weekend for most of the world.

5. Sat. Jan. 7 the banks are closed and Sat. night is when they make changes in the system.

6. There is a rare planet alignment that begins on Sat. Jan. 7.

KTFA UPDATE, 4 JAN

Cole:  Oil @ 55.86

DJI finishes strong @ 19,881! Lots to be excited about and expectant of... imo
wonder if Frank has word on possible announcement from Abadi? We shall see!!! A lot HAS BEEN accomplished... Frank has told us that the CBI has completed their monetary reform..

Imo... now, with sanctions stricken... UN demanding money from Iraq (PAY YOUR BILLS YOUNG MAN), IMF green light in March (?), UST meeting with Iraq (dec 5), Kuwait/Iraq agreement (Kuwait happy :-)), Mosul underway, Abadi (paraphrase) "shut up for 3 days please!!!!!!", Follow Abadi, oil, and oil production... keep an eye on Dow (per Kim Clement prophecy) we are only >120 pts away... the market moved 120 pts just today...

Delta article with new terms on the "official exchange rate", much much more... that list is tiny... Iraq IS ABOUT TO GO INTERNATIONAL WITH THEIR CURRENCY... Lord willing in the Mookla of 2017 (January as clarified more specifically by Frank)...

We should not lose faith because we have entered into 2017... this is happening. The momentum has been building.. like a tsunami... it's about reached shore imo... let's watch this thing flood Iraq... with wealth and the powerful currency that, they in fact deserve... we should all be very proud investors of Iraq... thank you Lord all the glory goes to You... alone... amen!!! (IMO)


Walkingstick:  The arrest of a gang stole 600 million dinars faculty salaries at the University of Mustansiriya

Achieve Rusafa Court ratified confessions organized and dangerous gang, admitted its members stole the employees of the Faculty of Management salaries and Economics of the University of Mustansiriya, amounting to 600 million Danar.oukal spokesman for the judiciary Judge Abdul Sattar Bayraktar said in a statement that "the efforts of the court of inquiry Rusafa led to reach a gang stealing Organization and dangerous . "and Birqadr that" the gang members confessed to stealing employees of the College of management salaries and Economics at the University of Mustansiriya "

He pointed out that" the gang had been monitoring the staff who escorted salaries and they stopped Jlthm and theft of salaries amounting to 600 million dinars at gunpoint. "He explained Birqadr that" the court the ratification by the confessions of the accused prosecuted in preparation for referring them to the trial court. "

http://aladalanews.net/%D8%A7%.....%A7%D8%AA/

**************

Walkingtick:  Zimbabwe bond notes and their possible long-term legacy

Tinashe Nyamunda analyses the Reserve Bank of Zimbabwe’s efforts to address the liquidity shortage in the country.

Zimbabwe’s export incentive scheme was introduced to encourage exports and address the liquidity crunch in the country. If, for example, tobacco exporters accept bond notes, they receive a five percent incentive in addition to their export earnings. But in a country with a serious shortage and rationing of foreign exchange, accepting bond notes whose value against the US dollar is uncertain in the immediate-to-long term is not really a choice.

 Barely a month after the initial introduction of the infamous bond notes under the so-called “export incentive scheme,” the Reserve Bank of Zimbabwe (RBZ) has disbursed more bond notes currency into Zimbabwe’s financial system. On 28 November 2016, the RBZ introduced $10 million, followed by a further $7 million and $12 million barely a month later, bringing the full amount in circulation to $29 million. Fully aware of predictions that the introduction of bond notes would result in hyperinflation, the RBZ has resorted to disbursing the pseudo currency on a “drip feed” basis.  Contrary to earlier popular belief that bond notes would immediately trigger hyperinflation, their slow introduction has not even resolved the cash shortages. But does this translate to a proper management of currency emanating from fears of hyperinflation? What follows is my opinion on what bond notes have meant for the Zimbabwean economy in the first month of their introduction and their possible long term legacy.

The liquidity crunch and general forecasts on bond notes

The introduction of bond notes of the equivalent of $29 million has done little to resolve the liquidity crunch facing the country. Given the withdrawal of foreign exchange by the RBZ, people have little option but to accept the limited bond notes dispersed, with a need for more of the proposed $75 million to be injected into the market. However, this is not a tacit approval of their introduction.

 Many believe that bond notes are the RBZ’s way of mopping up US dollars from the market for use by the government since it cannot use them to pay for imports. This simply means that the “drip feed” basis of the RBZ is the reverse injection of bond notes to replace US dollars taken out. But this process still represents money creation; therefore some have begun calling the RBZ the “Reverse” Bank of Zimbabwe.

Media reports reveal how ZANU PF recently purchased over 365 double cab vehicles and buses from South Africa for its 2018 election campaign.  In an economy starved of foreign currency, it is anyone’s guess where the money came from. The state is using the RBZ to mop up foreign currency for its use while using the “drip-feed” bond note supply basis to delay the adverse effects of using the pseudo-currency. The recently-concluded ZANU PF conference is estimated to have cost around US$ 4million with many supplies provided from South Africa.

 So, while the US dollar is mopped from people’s bank accounts and disappears from ordinary transactions, how sustainable will the drip-feed system be? The $12 million worth of bond notes was released just in time to cover the salaries of the military and police while other civil servants such as teachers, less important or threatening to ZANU PF, will only get their money after Christmas.

The Real Problem in the Zimbabwean Economy

The above discussion of the unfolding cash crisis is only a mere glimpse into the deepening challenges that Zimbabwe continues to face. The cash crisis did not result from poor monetary policies but from very limited production for export in the crisis-burdened Zimbabwean economy. So these financial measures from the RBZ will not provide any solutions either.  Even the incentive under statutory instrument 62 meant for Import Substitution Industrialisation (ISI) only brought limited benefits compared with the damage caused by Minister of Indigenisation’s policy inconsistencies earlier in the year, for instance, leading to many company closures. Coupled with the legislation that made it easier for companies to retrench without many financial restrictions, there was a net job and investment loss in the Zimbabwean economy. In short, the problem was political as policy inconsistencies undermined and discouraged investment, leading to serious job losses in a country were ISI is difficult to stimulate because of severely constrained capacity and poor business environment.

To stimulate the Zimbabwean economy, the answer lies, not in any fiscal or monetary interventions but a real shift in governmentality. This is impossible to achieve under a regime led by a nonagenarian whose main aim was to maintain power for the better part of his 36-year rule. It is easy to see why the real legacy of the bond notes is likely to be that of funding ZANU PF activities and elections by mopping up hard currency to fund import requirements as the economy plunges further.

Whether or not they can sustain this and even crawl towards 2018, the potential effects of the injection of more bond notes under pressure to offset the liquidity shortages may eventually exceed the targeted $70 million and influence the political scene in unpredictable ways. In short, it appears that bond notes are much less of an “export incentive” for the economy but have immediately benefited ZANU PF by providing it with a monopoly over the foreign currency in circulation and that saved in people’s bank accounts.

The replacement bond notes have not offset cash shortages, but have simply worsened people’s circumstances as they are forced to accept a currency they do not trust and whose value is uncertain. Bond notes increasingly appear as a hidden tax for ZANU PF’s 2018 elections and an import facility for itself and its elites.

http://thezimbabwean.co/2017/01/zimbabwe-bond-notes-possible-long-term-legacy/

Vietnam’s economic prospects for 2017, 4 JAN

Vietnam’s economic prospects for 2017

 Vietnam will continue to face challenges but will see plenty of opportunities for economic growth in 2017.
 
Vietnam’s economic prospects for 2017, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news
 
Experts say the advantages for Vietnam’s economy in 2017 will come from free trade agreements and the Government’s commitments to institutional reforms to facilitate the business environment. Export, real estate and securities markets are also expected to enjoy stable growth.
 
Benefits from free trade deals
 
The new US administration may abandon the Trans-Pacific Partnership (TPP) agreement but alternative options are being discussed. Vietnam and other TPP partners can make some adjustments and implement this important deal. A free trade agreement with the EU is also a possible advantage for Vietnam.
 
“The EU is encountering major internal challenges but Vietnam has established strategic partnerships or comprehensive cooperative partnerships with several key EU member countries. We need to promote these relationships for long-term cooperation with the EU. In addition, FTAs with the Republic of Korea and some other countries will continue to serve as a solid foundation for Vietnam’s economic growth”, said economist Pham Chi Lan.            
 
Ms. Lan added that the renewal process and experiences learned will offer more opportunities to Vietnam: “Economic pressures will push Vietnam to take stronger actions to move forward. In its integration process, Vietnam has realized that internal strength is vital for development. We must reinforce the strength of the national economy and domestic businesses because no country can develop relying merely on external resources.”
 
Vietnam’s real estate market is improving and will likely become the most attractive destination in Southeast Asia for foreign investors. Dragon Capital President Dominic Scriven says that Vietnam’s securities market will go up with  net profit growth estimated at 19% in 2017.
 
Determination to reform institutions and policies
 
Institutional reform and improvements in the business climate will create a momentum for the private sector to become the main driving force for the economy in 2017. Businesses also expect more favorable conditions as the Government has proved its resolve to promote the restructuring of public investment, the state budget and public debt, and fight corruption and wastefulness.
 
“Vietnam has climbed 9 notches in the World Bank Doing Business 2017 report and moved up in the World Economic Forum’s ranking of the international trade environment. Improvements have been seen in streamlining import-export procedures.
 
The Prime Minister has repeatedly committed himself to raising Vietnam’s economic competitiveness, building a state that supports and cooperates with businesses and creating a government of integrity”, said economist Le Dang Doanh.    VOV5

http://english.vietnamnet.vn/fms/business/170547/vietnam-s-economic-prospects-for-2017.html