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Th ba, 12/6/2012, 00:01 GMT+7

'Chnh ph khng c bn phn mua n xu ngn hng'

Chuyn gia kinh t Bi Kin Thnh cho rng khng nn c quan hnh chnh iu hnh cng ty mua bn n v n xu ngn hng phi chia thnh cc loi bn tng xng vi cht lng. >N xu ngn hng kh tm ngi mua > Chnh ph c th li nu mua n xu

- ng nh gi nh th no v tng thnh lp cng ty mua bn n x l 100.000 t ng n xu ca cc ngn hng?

Trn din n Quc hi hm 8/6, Thng c Ngn hng Nh nc Nguyn Vn Bnh cho bit n xu trong h thng ngn hng Cng ty mua bn n phi l doanh nghip lm n c li, v khng th l doanh nghiptng nh 6% ln 10%, khin kiu t nc. chi ph vn t , ngn hng khng c iu kin y mnh cho vay. - n by gi, y vn ch l xut, cha ai ni s tin 100.000 t ng s ly u, t chc cng ty nh th no, ai qun tr. Nhng d Ngn hng Nh nc hay B Ti chnh ng ra t chc, cng ty ny cng phi hot ng nh mt doanh nghip kinh doanh thc s. Ngha l khi mua n th phi mua ng gi v bn c li. Ngn hng Nh nc d kin phi hp vi cc b, ngnh thnh lp Cng ty mua bn n quc gia, gp phn x l trn di 100.000 t ng n xu ca Nu kinh doanh mua bn n xu m khng c li, th ai mua. M l li hi ngn sch, h thng ngn hng. Nguyn tc do phi l cng ty kinh doanh. Nh nc c th to iu kin bng cch cung cp hot ng ca cng ty ny l to ra mt thanh khon nht nh mt s vn, nhng khng phi Nh nc ng ra mua gnh n xu cho ngn cho cc t chc tn dng, trn c hng. s c lng vn cn thit cho - ng ni rng cng ty mua bn n xu phi kinh doanh c li. Vy nh th no th vay. c coi l c li? - Tc l, phi thm nh gi tr thc ca n trc khi mua. Khi , n xu 10% th bn 10%, 20% th bn 20%... Ch by gi anh n xu 100% m anh i ti mua c, th kh. V gi, c tng tng rng, ngn hng bn n xu cng ging nh bn cam ch. Cam phi c phn ra tng loi, chua sang mt bn, ngt mt bn, thi mt bn Khng th bn cam chua, cam thi theo gi ca cam ngt c. - Vy theo ng, vic mua bn n nn giao cho c quan no l ph hp?

- Ci ny phi hi li Ngn hng Nh nc. Ngn hng Nh nc cng cha ni r l c quan no, m ch bn tin c th l qu ny qu kia, nh u t trong nc, hoc nc ngoi. Mt s kin th cho l Chnh ph. Nhng Chnh ph u c bn phn phi thu mua n xu ca ngn hng. Cho nn phi bn bc tht k, v cha chc s n xu ca ngn hng l 100.000 t m c th rt l nhiu, ln ti 200.000 t, 300.000 t ng th sao? V theo cng b, bn thn cc doanh nghip nh nc n ngn hng 415.000 t ri, trong c 218.000 t ng l ca 12 tp on, tng cng ty v cha k s cn li t cc doanh nghip, c nhn khc. Cho nn, vn trc mt cn phi xc nh c c tng cng bao nhiu n xu. Ri sau hy quyt nh xem c quan no c tim lc mua bn ht s n ny: Ngn hng Nh nc, B Ti chnh hay Cng ty mua bn n B Ti chnh, cc ngn hng thng mi vi nhau hay nh u t nc ngoi? - Vy khi thnh lp cng ty mua bn n xu, cn lu nhng iu g m bo vic mua bn n din ra minh bch v khng pht sinh tiu cc? - Khng nn giao vic ny cho cc t chc hnh chnh, v l hnh chnh th nh chng ta thy, c hin tng phong bao, phong b. Rt c kh nng, cng ty mua bn n s dng tin mua sn phm di chun, khng cht lng to ra nhng vn khc khng gii quyt c. Cng khng th bin cng ty ny thnh ni ngn hng lm sch nhng khon u t khng chnh ng sn sau ca h. Do , nu thnh lp, cn to cho n mt hot ng an ton, mua n vi gi thc t, v c th bn li. Khng c thnh lp cng ty theo kiu nh nc, cng chc, vin chc. V chng ta thy thc t hot ng ca doanh nghip nh nc l nh th no ri. Ngoi ra, cng cn phi lng trc c nguy c, khi thy c cng ty mua bn n, nhm li ch ngn hng s qut nh, n ht n sang ly tin. Bn c n xu, thi th ngn hng sng ri, cn n xu bao nhiu, thi bao nhiu, th ci anh cng ty kia phi chu. Cc ngn hng v Ngn hng Nh nc cng ho hng v y c n thi qua cc cng ty mua bn n ny. - Quy m n xu cn x l ln ti 100.000 t ng, mt s kin cho rng nn pht hnh tri phiu c tin mua bn n. Cn ng ngh sao? - Quan trng l c quan no s ng ra t chc cng ty mua bn n ni trn. Nu Ngn hng Nh nc pht hnh tn phiu cho ngn hng thng mi, th chng ha ra cho vay mua li n ca chnh mnh ? S khng hp l. Nhng khng loi tr kh nng, cc nh u t nc ngoi s nhn vo n xu nh mt sn phm c th u t, song chc chn s khng mua vi 100% mnh gi. Cn nu do Cng ty mua bn n B Ti chnh (DATC) ng ra mua, th B Ti chnh c th cung cp tin cho DATC bng cch pht hnh tri phiu. Nhng y mi ch l gi thuyt. - Khi ngnh ngn hng cng khai s n xu hng trm nghn t, theo ng thng k ny gy h qu g cho x hi? - nh hng cng khng ln lm, v n ca doanh nghip nh nc 415.000 t ng ch yu do vay ca cc ngn hng quc doanh. Nhng ngn hng thng mi cn li, tr Habubank khng hiu v sao li cho Vinashin vay n n 3.000 t ng, hu ht u khng c nhiu n xu ca doanh nghip nh nc. Vn cn quan tm by gi l gii quyt n xu, m mun gii quyt th phi cng khai. V n xu lm ng bng ht tn dng, nn kinh t khng tng trng c. Gi, phi gii ta quy nh php lut v vic ngn hng tip tc cho vay vi doanh nghip. Doanh nghip m khng vay c, th ngn hng khng cho vay c d li sut c h th no i chng na. Doanh nghip m cht th ngn hng cng cht.
Cc pht biu ca chuyn gia Bi Kin Thnh Vt qua khng hong t nhng gnh hng rong Kch cu kinh t ging nh mi nc cho my bm Ti gi cch nhn thn trng v kinh t phc hi Sinh nm 1932, chuyn gia Bi Kin Thnh c gn 60 nm kinh nghim lnh vc ti chnh, ngn hng, bt ng sn trong nc v quc t. ng tng m nhn trng trch ti Tp on Ti chnh M (AIG) trc khi tr v Vit Nam vo nhng nm 1980 t vn cho Chnh ph, cc b ngnh v nhiu vn nh ti chnh quc t, hi nhp, hng khng, in lc v cng ngh thng tin.

Tun Ln - Tu Minh

http://cafef.vn/20120612062333899CA34/chinh-phu-khong-co-bon-phan-mua-no-xau-ngan-hang.chn
Th 3, 12/06/2012, 06:25

'Chnh ph khng c bn phn mua n xu ngn hng'

Chuyn gia kinh t Bi Kin Thnh cho rng khng nn c quan hnh chnh iu hnh cng ty mua bn n v n xu ngn hng phi chia thnh cc loi bn tng xng vi cht lng. - ng nh gi nh th no v tng thnh lp cng ty mua bn n x l 100.000 t ng n xu ca cc ngn hng? Trn din n Quc hi hm 8/6, Thng c Ngn hng Nh nc Nguyn Vn Bnh cho bit n xu trong h thng ngn hng tng t 6% ln 10%, khin chi ph vn t , ngn hng khng c Ngn hng Nh nc d kin phi hp vi cc iu kin y mnh cho vay. b, ngnh thnh lp Cng ty mua bn n quc - n by gi, y vn ch l xut, cha ai ni s tin 100.000 t ng s ly u, t chc cng ty nh th no, ai qun tr. Nhng d Ngn hng Nh nc hay B Ti chnh ng ra t chc, cng ty ny cng phi hot ng nh mt doanh nghip kinh doanh thc s. Ngha l khi mua n th phi mua ng gi v bn c li.
gia, gp phn x l trn di 100.000 t ng n xu ca h thng ngn hng. Nguyn tc hot ng ca cng ty ny l to ra mt thanh khon nht nh cho cc t chc tn dng, trn c s c lng vn cn thit cho vay.

Nu kinh doanh mua bn n xu m khng c li, th ai mua. M l li hi ngn sch, do phi l cng ty kinh doanh. Nh nc c th to iu kin bng cch cung cp mt s vn, nhng khng phi Nh nc ng ra mua gnh n xu cho ngn hng. - ng ni rng cng ty mua bn n xu phi kinh doanh c li. Vy nh th no th c coi l c li? - Tc l, phi thm nh gi tr thc ca n trc khi mua. Khi , n xu 10% th bn 10%, 20% th bn 20%... Ch by gi anh n xu 100% m anh i ti mua c, th kh. V gi, c tng tng rng, ngn hng bn n xu cng ging nh bn cam ch. Cam phi c phn ra tng loi, chua sang mt bn, ngt mt bn, thi mt bn Khng th bn cam chua, cam thi theo gi ca cam ngt c. - Vy theo ng, vic mua bn n nn giao cho c quan no l ph hp? - Ci ny phi hi li Ngn hng Nh nc. Ngn hng Nh nc cng cha ni r l c quan no, m ch bn tin c th l qu ny qu kia, nh u t trong nc, hoc nc ngoi. Mt s kin th cho l Chnh ph. Nhng Chnh ph u c bn phn phi thu mua n xu ca ngn hng. Cho nn phi bn bc tht k, v cha chc s n xu ca ngn hng l 100.000 t m c th rt l nhiu, ln ti 200.000 t, 300.000 t ng th sao? V theo cng b, bn thn cc doanh nghip nh nc n ngn hng 415.000 t ri, trong c 218.000 t ng l ca 12 tp on, tng cng ty v cha k s cn li t cc doanh nghip, c nhn khc.

Cho nn, vn trc mt cn phi xc nh c c tng cng bao nhiu n xu. Ri sau hy quyt nh xem c quan no c tim lc mua bn ht s n ny: Ngn hng Nh nc, B Ti chnh hay Cng ty mua bn n B Ti chnh, cc ngn hng thng mi vi nhau hay nh u t nc ngoi? - Vy khi thnh lp cng ty mua bn n xu, cn lu nhng iu g m bo vic mua bn n din ra minh bch v khng pht sinh tiu cc? - Khng nn giao vic ny cho cc t chc hnh chnh, v l hnh chnh th nh chng ta thy, c hin tng phong bao, phong b. Rt c kh nng, cng ty mua bn n s dng tin mua sn phm di chun, khng cht lng to ra nhng vn khc khng gii quyt c. Cng khng th bin cng ty ny thnh ni ngn hng lm sch nhng khon u t khng chnh ng sn sau ca h. Do , nu thnh lp, cn to cho n mt hot ng an ton, mua n vi gi thc t, v c th bn li. Khng c thnh lp cng ty theo kiu nh nc, cng chc, vin chc. V chng ta thy thc t hot ng ca doanh nghip nh nc l nh th no ri. Ngoi ra, cng cn phi lng trc c nguy c, khi thy c cng ty mua bn n, nhm li ch ngn hng s qut nh, n ht n sang ly tin. Bn c n xu, thi th ngn hng sng ri, cn n xu bao nhiu, thi bao nhiu, th ci anh cng ty kia phi chu. Cc ngn hng v Ngn hng Nh nc cng ho hng v y c n thi qua cc cng ty mua bn n ny. - Quy m n xu cn x l ln ti 100.000 t ng, mt s kin cho rng nn pht hnh tri phiu c tin mua bn n. Cn ng ngh sao? - Quan trng l c quan no s ng ra t chc cng ty mua bn n ni trn. Nu Ngn hng Nh nc pht hnh tn phiu cho ngn hng thng mi, th chng ha ra cho vay mua li n ca chnh mnh ? S khng hp l. Nhng khng loi tr kh nng, cc nh u t nc ngoi s nhn vo n xu nh mt sn phm c th u t, song chc chn s khng mua vi 100% mnh gi. Cn nu do Cng ty mua bn n B Ti chnh (DATC) ng ra mua, th B Ti chnh c th cung cp tin cho DATC bng cch pht hnh tri phiu. Nhng y mi ch l gi thuyt. - Khi ngnh ngn hng cng khai s n xu hng trm nghn t, theo ng thng k ny gy h qu g cho x hi? - nh hng cng khng ln lm, v n ca doanh nghip nh nc 415.000 t ng ch yu do vay ca cc ngn hng quc doanh. Nhng ngn hng thng mi cn li, tr Habubank khng hiu v sao li cho Vinashin vay n n 3.000 t ng, hu ht u khng c nhiu n xu ca doanh nghip nh nc. Vn cn quan tm by gi l gii quyt n xu, m mun gii quyt th phi cng khai. V n xu lm ng bng ht tn dng, nn kinh t khng tng trng c. Gi, phi gii ta quy nh php lut v vic ngn hng tip tc cho vay vi doanh nghip. Doanh nghip m khng vay c, th ngn hng khng cho vay c d li sut c h th no i chng na. Doanh nghip m cht th ngn hng cng cht.

Sinh nm 1932, chuyn gia Bi Kin Thnh c gn 60 nm kinh nghim lnh vc ti chnh, ngn hng, bt ng sn trong nc v quc t. ng tng m nhn trng trch ti Tp on Ti chnh M (AIG) trc khi tr v Vit Nam vo nhng nm 1980 t vn cho Chnh ph, cc b ngnh v nhiu vn nh ti chnh quc t, hi nhp, hng khng, in lc v cng ngh thng tin.

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