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Macro economy
- Vietnam to Curb Inflation at 9% In 2012: Prime Minister
Vietnam likely control inflation at 9% in 2012, PM Nguyen Tan Dung said at the Consultative Group (CG) meeting, adding that in 2012, Vietnam will continue implementing the key contents of Resolution 11 and restructuring the economy.
- Vietnam Targets to Run $13BlnTrade Deficit In 2012: MoIT
Vietnam targets to run $13 billion trade deficit in 2012, or 12% of the country’s expected export revenues, said the Ministry of Industy and Trade (MoIT).
- Vietnam ODA Commitment To Reach $7.4Bln In 2012
Vietnam is expected to receive $7.386 billion official development assistance (ODA) commitments in 2012, or $.05 billion lower than that in 2011, the information was provided at the Consultative Group (CG) meeting in Hanoi on December 6.
- Vietnam Power Output Surges to 92Bln Kwh IN 11M/2011
Vietnam’s electricity output increased to 91.97 billion Kwh in Jan-November, up 10% on year, the Ministry of Industry and Trade (MoIT) said, adding that the power import from China fell 8% due to the higher supply of domestic hydropower plants.
- Vietnam’s Bank Restructuring Is Big Opportunity For Foreign Investors
Increasing the ownership ratios that foreign strategic partners can hold at Vietnamese joint stock banks, not increasing the chartered capital in order to encourage the merger of banks are proposals by EuroCham Vietnam.
- Vietnam Finance Ministry Approves Pilot Project of Bond Swap
Ministry of Finance (MOF) issued Decision No.2904 on Dec 1, approving the implementation of a pilot project on bond swaps, the local online newspaper DVT.vn reported.
- Vietnam Central Bank Proposes 7 Measures to Restructure the Banking System
Governor of the State Bank of Vietnam, Nguyen Van Binh, specified 7 packages of measures to restructure the banking system in the period from 2011 to 2015 at the Consultative Group Meeting on Dec 6, the local online newspaper VnEconomy reported.
- TEXT-Fitch:Vietnam Bank Consolidation Is Much Needed Positive Step
Dec 07- Fitch views yesterday’s announcement by the Vietnamese authorities of a State-supported merger of three small privately owned banks as a positive step towards strengthening the banking system.
- Vietnam Embarks On Banking Reform
With fears growing about the stability of the Vietnamese banking sector after years of rapid credit growth, the government has finally moved to begin restructuring some of the smaller, weaker banks.
Market News
- IShares Funds Files For iShares MSCI Vietnam Investable Market Index Fund ETF
iShares Funds has filed paperwork with the SEC for a “iShares MSCI Vietnam Investable Market Index Fund.”
- Vietnam Equity Movers: Sacombank Securities, Vinh Son-Song Hinh
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 Stocks Movers: Cotec, Infonet, Sacombank Securities
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.
- Dec 7: Foreigners Net Buy On HOSE, Net Sell on HNX
Foreigners continued to be net buyers on HOSE but returned to be net sellers on HNX on Wednesday.
Corporate Events
· DCS – Record date for ballot 08/12/2011
· DZM – Share Issue 08/12/2011
· KBT – Share Issue 08/12/2011
· GIL – Cash Dividend 08/12/2011
· HCI – Extraordinary General Meeting 08/12/2011
· PVI – additional listing 08/12/2011
· PTI – Record date for ballot 08/12/2011
· PSB – Record date for ballot 08/12/2011
· TTF – additional listing 08/12/2011
· TV2 – Record date for ballot 08/12/2011
· WSB – Cash Dividend 08/12/2011
Corporate News
- DQC: Buys 1.2Mln Treasury Shares by Dec 6
- JVC: to Hold EGM Dec 17
- NDN: to Sell all 500,000 Treasury Shares
- NOS: Converts 660,000 Bonds into Shares at 10-for-1 Ratio
- KST: Adjusts 2011 Business Targets, Expects VND7Bln Pretax Profit in 2012
- PPC: PVF to Trade 5Mln Shares through Feb 12
- TIC: Posts VND25Bln Net Profit in 11M/2011