Dec 9: StoxPlus Morning Brief

Macro economy

• Vietnam Capital GDP Growth Likely to Reach 10.13%
  Gross Domestic Product (GDP) growth of Hanoi, the capital of Vietnam, is likely to reach 10.13% in 2011, lower than the earlier target of 12% but 1.67 times higher than the country’s average growth.

• Hanoi Approves GDP Growth Target at 10-10.5% in 2012
  Hanoi authorities passed resolution on the capital’s socio-economic development task in 2012 on December 8, including Gross Domestic Growth target at 10-10.5%.

• Government Should Not Immediately Stop A83 Gasoline Circulation
  Government should not ask to immediately stop circulating A83 gasoline as price of A83 is low, suitable with the low-income consumers, petroleum enterprises told local newspaper Vnexpress.

• Vietnam PM Asks To Amend Real Estate Tax To Avoid Speculation
  The Vietnamese Prime Minister on December 6, 2011 signed Directive No. 2196/CT-TTG issuing a number of measures to strengthen management for real estate market.

• Vietnam to Equitize 573 State-Owned Enterprises by 2015
  Vietnam government would privatize 573 out of 1,309 state-owned enterprises (SOEs), the Saigon Economic Times quoted Pham Viet Muon, deputy chairman of the government office, as saying on Dec 7.

• Vietnam PM Asks C.Bank to Cut Real Estate Loans through Suitable Roadmap
  Vietnam Prime Minister on Dec 6 issued Directive No. 2196/CT-TTg, in which the State Bank of Vietnam was required to have a reasonable roadmap to reduce the growth and proportion of property loans.

Market News

• HNX Announces Trading Suspension on 2012 Solar New Year
  The Hanoi Stock Exchange (HNX) announces that the exchange will suspend trading on Monday January 2, 2012 (extra day-off according to Labor Laws) on occasion of Solar New Year.

• Dec 8: Foreigners Net Sell On Both HOSE And HNX
  Foreigners were net sellers on both HOSE and HNX on Thursday after 2 days being net buyers on the primary bourse HOSE.

Corporate Events

·         ACL – Extraordinary General Meeting 09/12/2011

·         HCM – additional listing 09/12/2011

·         MAS – additional listing 09/12/2011

Corporate News

• DMC: to Sell all 305,817 Treasury Shares


• FPT: Buys 7,404 Treasury Shares by Nov 30


• IVS: Adjusts 2011 Business Targets


• MHC: Transfers Station 2 – Dung Quat Port


• NHC: Buys 3,500 Treasury Shares


• PVA: Sells 5Mln New Shares to PVX: BOD Resolution


• TBC: Corrects Information on vef.vn


• VIC: to Acquire 11.6Mln Shares in Hoang Gia City Co.