Macro Economy
- Vietnam ODA Disbursement Reaches $118Mln in Jan-Feb 2012
Vietnam is estimated to have disbursed $118 million funds provided in forms of the official development assistance (ODA) in the first two months of this year, decreasing 5.6% from the same period of 2011, the online newspaper NDHMoney reported.
- Vietnam Industrial Production Index Advances 22.1% YoY In Feb 2012
Vietnam industrial production index (IIP) rose by 22.1% year on year in February 2012 and up 10% from January, the Ministry of Planning and Industry (MoPI) said in its report on Feb 28, 2012.
- Vietnam Trade Balance, Inflation Improves, Risks Remain
The easing in Vietnamese inflation and improvement in the country’s trade balance suggest that the economy is stabilising. But the authorities need to maintain their commitment to the “Resolution 11” policies to maintain this progress.
- FDI Businesses Post Higher Profits
Foreign direct investment (FDI) businesses in Vietnam posted an average profit of 22% of their total investment in 2011, doubling from that of 2010, the local news provider Tin Moi reported.
- Moody’s Says Vietnam Central Bank’s Credit Growth Caps “Credit Positive” for Local Banks
Moody’s said that Vietnam government’s move to apply separate credit growth limits for different groups of banks based on their strength is “credit positive” for the local banks that it presently covers.
- VAFI Proposes to Cut Institutional Deposit Rates to 11% p.a.
The Vietnam Association of Financial Investors (VAFI) suggested the State Bank of Vietnam (SBV) to cut interest rates for deposits by institutions to 11% from 14% per annum, the local online newspaper DVT.vn reported.
Market News
- Stock Market Expected to Rally again This Week
Securities enterprises expected the market to quickly resume its uptrend with strong liquidity soon as investor sentiment and cash flow improved during rising sessions last week.
- Fresh Cash Reviving Market Lifeblood
Cash continues flowing into the stock market, with merger and acquisition moves and a brighter macroeconomic horizon warming investors’ hearts.
- Vietnam Bonds Market: Attractive to Investors?
Local commercial banks sought to purchase bonds on expectation that interest rates will fall, considering it as a way to invest their short-term surplus capital that cannot be lent out shortly, the local online newspaper Dau Tu Chung Khoan reported.
- Vietnam’s Stocks: Dien Quang, Construction & Materials, SUDICO
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.
- Feb 28: Foreigners Net Buy On Both HOSE And HNX
Foreigners extended their position of net buyers on HOSE and HNX on Tuesday. Level of participation continued easing.
Corporate Events
· AGF – Cash Dividend 29/02/2012
· AGF – Annual General Meeting 29/02/2012
· CMV – Annual General Meeting 29/02/2012
· CMV – Share Issue 29/02/2012
· EBS – Cash Dividend 29/02/2012
· EBS – Annual General Meeting 29/02/2012
· TS4 – Cash Dividend 29/02/2012
· TS4 – Annual General Meeting 29/02/2012
· PIT – Annual General Meeting 29/02/2012
· PMS – Annual General Meeting 29/02/2012
· HLA – Annual General Meeting 29/02/2012
· SBS – Annual General Meeting 29/02/2012
· SCJ – Cash Dividend 29/02/2012
· SCJ – Annual General Meeting 29/02/2012
· PVI – Annual General Meeting 29/02/2012
· SHS – Annual General Meeting 29/02/2012
· VTO – Annual General Meeting 29/02/2012
· SRC – Annual General Meeting 29/02/2012
· NHA – Annual General Meeting 29/02/2012
· MSN – Annual General Meeting 29/02/2012
· SQC – additional listing 29/02/2012
· MHL – Annual General Meeting 29/02/2012
· STC – Cash Dividend 29/02/2012
· STC – Annual General Meeting 29/02/2012
· IMP – Annual General Meeting 29/02/2012
· SJC – Cash Dividend 29/02/2012
· SJC – Annual General Meeting 29/02/2012
· KHA – Annual General Meeting 29/02/2012
Corporate News
- DTC: Makes VND837Mln Net Profit in 2011
- GGG: Swings to VND57Bln Net Loss in 2011
- MEC: Posts VND15Bln Consolidated Net Profit in 2011
- STL: 2011 Net Profit Falls 49% to VND34.5Bln
- RHC: Targets VND14.5Bln Pretax Profit in 2012
- HLC: to Hold 2012 AGM Mar 11
- PLC: Targets VND352Bln Pretax Profit in 2012
- VCR: Announces BOD Resolution
- VietinBank Credit Activities to Contribute 70% of VND9 Trillion Profit Target in 2012: Chairman