Dec 2: StoxPlus Morning Brief

Macro economy

• Vietnam Customs’ State Budget Collection Rises to VND186.8 Tln By Nov 25
  The General Customs Department of Vietnam estimated to have collected a total of VND186.833 trillion for state budget by Jan-November 25, increasing 3.39% budget revenues planned by the Government and Ministry of Finance (VND180.7 trillion).

• Bad Debts Rise to VD40Tln as of November, 2011: SBV Governor
  Bad debts in Vietnam’s banking sector climbed to VND40 trillion as of November, 2011, the local online newspaper VnExpress.net quoted Nguyen Van Binh, Governor of the State Bank of Vietnam, as saying on Nov 30.

• Many Vietnamese Enterprises Are Facing Difficulties In Attracting Foreign Investment Capital
  The root cause of this issue is that businesses have not applied the financial report standards in accordance with the international financial report standards (IFRS) yet.

• Vietnam Banking Sector Must Implement Monetary Policies Prudently and Flexibly
  Vietnam National Assembly on Nov 29 passed Resolution No. 21/2011/QH13, which specified many important tasks for the whole banking system in the coming time, the state-run online newspaper Chinhphu.vn reported.

• Vietnam Banks Must Ensure Prudent Ratios to Provide Money Brokerage Service: SBV
  The State Bank of Vietnam emphasized that those who seek for licenses to offer money brokerage services must not violate the central bank’s regulations on prudent ratios in operations of credit institutions.

• Hanoi Supports 0.2pct/Month Interest Rate For Enterprises
  Vice chairman of Hanoi People’s Committee, Nguyen Van Suu, has recently signed a decision to support interest rate for post-investments for Hanoi-based enterprises in 2011.

• Vietnam Central Bank May Issue Gold T-notes
  The State Bank of Vietnam might sell short-term gold T-notes to mobilize gold from commercial banks who previously issued gold certificates to local residents, the local online newspaper Saigon Dau Tu Tai Chinh reported.

Market News

• TEXT-S&P Afrms ’BB-’ Rating on Vinacomin;Otlk Neg
  Vietnamese state-owned coal producer Vinacomin’s weak business risk profile reflects increasing country and industry risks.

• Vietnam’s Bonds Drop Most in Week as Fund Shortage Hurts Demand
  Vietnam’s five-year government bonds fell the most in a week on speculation a cash shortage at local banks damped demand for debt. The dong was steady.

• Vietnam Stock Movers: Hoa Binh Rubber, Tay Ninh Rubber, Viet-Han
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

• Vietnam’s Stock Movers: Dry Cell, Idico Urban, Saigon Fuel
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

Corporate Events

• CMS – Share Issue 02/12/2011


• CMS – Record date for ballot 02/12/2011


• ELC – Cash Dividend 02/12/2011


• GLT – Cash Dividend 02/12/2011


• INC – Cash Dividend 02/12/2011


• VCS – Share Issue 02/12/2011


• VCH – Cash Dividend 02/12/2011


• VCH – Record date for ballot 02/12/2011


• VSH – Annual General Meeting 02/12/2011

Corporate News

• BHT: to Pay 2011 First Cash Dividend at VND1,000/Share


• BRC: Net Profit Jumps 68% to VND4Bln in Q3/2011


• CCM: Q3/2011 Consolidated Net Profit Plunges 84% to VND217Mln


• CTS: Adjusts 2011 Business Targets


• EVE: to Buy 1Mln Treasury Shares through Mar 7, 2012


• PPS: to Set up Danang Branch


• PSI: BOD Resolution


• SFC: Transfers all Stake in Tan Phu Wood Processing Co.


• TMC: to Issue 4.4Mln New Shares


• V21: Lowers 2011 Pretax Profit to VND16Bln