Macro Economy
- Vietnam November Trade Deficit Falls 24% MoM to $0.57 Bln: General Department of Vietnam Customs
Vietnam is estimated to have incurred a trade deficit of $0.57 billion in November, down 24% on-month, the General Department of Vietnam Customs said.
- 2012 To be Vietnam ODA Disbursement Year
Vietnam’s government working group of official development assistance (ODA working group) and development partners have chosen 2012 as the year of ODA disbursement, according to the local newspaper Bao Dau Tu (Investment).
- Vietnam MoF Prohibits Unreasonable Price Hike In QI/2012
Minister of Finance Vuong Dinh Hue on December 12, signed Directive No.03 on price stabilization during Lunar New Year Holiday and in QI/2012, requesting relevant agencies to continue implementing Resolution No.11 dated February 24, 2011.
- Vietnam’s Petroleum Trade Gap Estimated At Over $7.3b In 11 Months: Customs
In November, the country exported nearly 782 thousand tons of crude oil, equivalent to over US$695 million, up 23.7% in volume and 30.6% in value respectively against October, according to data published by the General Department of Vietnam Customs.
- Vietnam Banks Must Prepare Daily Operational Report during Refinancing Borrowing Period
Credit institutions are requested to prepare daily reports on their operations, sources and uses of funds to the municipal central banks during the period they borrow refinancing loans.
- 3 Possible Scenarios to Restructure Vietnam Banking System
The local banking system can be restructured according to three possible scenarios.
- Vietnam Central Bank to Set Credit Growth Rates for Different Bank Group
The State Bank of Vietnam (SBV) intended to prepare a credit growth plan, which set out different credit growth targets for different group of credit institutions on the basis of performance assessment.
- Vietnam Treasury to Auction VND1.5Tln Government Bonds on Dec 15
The State Treasury of Vietnam will open a price-competitive auction for VND1.5 trillion worth of 3-year and 10-year government bonds at the Hanoi Stock Exchange (HNX) on Dec 15, the bourse said.
Market News
- Vietnam Stock Index May Drop Below 300, MHB Securities Says
Hoang Thach Lan, head of the brokerage unit at Ho Chi Minh City-based MHB Securities Co., the equity investment arm of Mekong Housing Bank, comments on the local stock market.
- Vietnam Bond Market to Have Market Makers
Vietcombank, HSBC, ANZ, Standard Chartered, Techcombank, BNP Paribas and Maritime Bank signed a memorandum to become experimental market makers in the local bond market from January, 2012.
- Thac Ba Hydropower Rises 1.0% on Low Volume
Thac Ba Hydropower (TBC.VN), Vietnam’s 4th largest energy company by market capitalisation, rose VND100.0 (or 1.0%) to close at VND9,800.0.
- Dec 13: Foreigners Net Sell On HOSE, Net Buy on HNX
Foreigners extended its position of net sellers on HOSE and rebounded to be net buyers on HNX today. Trading volume continued rising.
Corporate Events
· ADP – Cash Dividend 14/12/2011
· BRC – Cash Dividend 14/12/2011
· DNP – Cash Dividend 14/12/2011
· DMC – Record date for ballot 14/12/2011
· DHT – Cash Dividend 14/12/2011
· KST – Record date for ballot 14/12/2011
· MIM – Share Issue 14/12/2011
· LHC – Cash Dividend 14/12/2011
· SD4 – Cash Dividend 14/12/2011
· SHV – Cash Dividend 14/12/2011
· TRA – Cash Dividend 14/12/2011
· TV4 – Treasury Stocks 14/12/2011
· TCM – Cash Dividend 14/12/2011
· VSH – Cash Dividend 14/12/2011
Corporate News
- HBC: Targets VND170Bln Net Profit in 2012
- FLC: to Buy 62.5% Stake of FLC Golf & Resort Co.
- PVR: to Buy 755,800 Treasury Shares
- PVL: Reduces 99.5% Net Profit Target in 2011
- SBT: to Buy 3.3Mln Treasury Shares
- SIC: Adjusts 2011 Business Targets
- SSC: Sets up New Branch in Quang Nam
- THT: Estimates to Surpass 20% 2011 Revenue Target
- TNA: 11M/2011 Profit Tops Full-year Target
- VCG: 2011 Profit Expected to Reach VND813Bln Target