Macro Economy
- Experts Call For Stronger Prescription For Economy
High-profile experts at a forum in Danang City on Monday called for stronger measures to restructure the economy, including suggestions to wipe off privileges for the State sector.
- Vietnam’s Seafood Export Forecast to Rise to $6.4Bln in 2012
Vietnam’s seafood export is forecast to increase by 4.9% from 2011 to $6.4 billion in 2012.
- Vietnam Major Banks Seek to Sell Bonds Overseas
Several large commercial banks have prepared plans to issue international bonds, seeking to raise medium- and long-term funds overseas, the Saigon Times reported.
- Interbank Trading Dong -10%, Dollar +0.8% in Week Ending Mar 23
The total interbank trading value of the dong fell 10% to VND161.946 trillion from VND181.536 trillion in the week ending Mar 30 while that of the dollar climbed 0.8% to VND91.916 trillion from VND91.22 trillion, said the State Bank of Vietnam (SBV).
- VNBC Proposes Collecting Fees on On-Us Transactions via ATMs
The Vietnam Bank Card Association (VNBC) said it will propose to the State Bank of Vietnam (SBV) to be permitted to collect fees on on-us transactions via ATMs, reasoning that the collected fees will help them to upgrade and modernize their ATM network.
- Vietnam Bond Yields at 16-Month Low on Rate Outlook; Dong Steady
Vietnam’s five-year bonds rose, pushing yields to the lowest level in more than 16 months, on speculation the central bank will cut interest rates next month. The dong was steady.
Market News
- UPDATE 1-Vietnam Stocks End Mixed, Buying Demand Strong
Vietnamese stocks closed mixed on Tuesday in higher volume as traders took quick profits, traders said.
- Rothschild: Total NAV of 17 Foreign Funds in Vietnam Rises 16.2% to $2.4B in Q1/2012
The total net asset value (NAV) of 17 foreign investment funds in Vietnam rose 16.2% YTD to $2.4 billion in the first quarter of 2012, said LCF Rothschild in a report dated April 3, 2012.
- Q1/2012: SSI Tops Brokers on HOSE, HSC Leads on HNX
Saigon Securities Inc. (SSI) continued to top brokers on the Hochiminh Stock Exchange(HOSE), Vietnam’s primary stock exchange, in the first quarter of this year with 11.74% of the brokerage market share.
- Vietnam Equity Movers: Thien Nam Trading, Bourbon Tay Ninh
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. local-time close in Ho Chi Minh City.
- April 10: Foreigners Change to Net Buyers on Both HOSE And HNX
Foreigners changed to be net buyers on both HOSE and HNX on Tuesday. Level of participation increased.
Corporate Events
· DAP – Annual General Meeting 11/04/2012
· L62 – Annual General Meeting 11/04/2012
· DNM – Annual General Meeting 11/04/2012
· SAP – Annual General Meeting 11/04/2012
· SBA – Annual General Meeting 11/04/2012
· HU1 – Annual General Meeting 11/04/2012
· PXM – Annual General Meeting 11/04/2012
· KTB – Annual General Meeting 11/04/2012
· SSM – Annual General Meeting 11/04/2012
· TIC – Annual General Meeting 11/04/2012
· ADP – Annual General Meeting 11/04/2012
· VSG – Annual General Meeting 11/04/2012
· IHK – Annual General Meeting 11/04/2012
· SGH – Cash Dividend 11/04/2012
· SGH – Annual General Meeting 11/04/2012
· HJS – Annual General Meeting 11/04/2012
· DRL – New listing 11/04/2012
· TPH – Annual General Meeting 11/04/2012
Corporate News
- BSC: Announces 2012 AGM Resolution
- C21: Targets VND101Bln Net Profit in 2012
- C47: Targets VND30Bln Pre-tax Profit in 2012
- KHA: Targets VND40Bln Net Profit in 2012
- NNC: Targets VND82Bln Pretax Profit in 2012
- IMP: Plans VND115Bln Pre-tax Profit in 2012
- POM: Targets VND400Bln Net Profit in 2012
- PXS: Aims VND 112.5Bln Net Profit in 2012
- SMC: Aims VND80Bln Net Profit in 2012
- TCL: Aims VND74Bln Net Profit in 2012
- TNA: Plans VND50Bln Pre-tax Profit in 2012
- VCS: Announces 2012 AGM Resolution
- VC7: Announces 2012 AGM Resolution
- VCR: Announces 2012 AGM Resolution
- VTB: Targets VND18.5Bln Net Profit in 2012