Jan 20: StoxPlus Morning Brief

20/01/2012

Macro economy

· Vietnam Credit Growth +10.9%, Deposit +9.89% YoY in 2011
Total outstanding loans of the whole banking system as of December 21, 2011 were estimated to climb by 0.77% on-month and up 10.9% from end-2010.

· World Bank Warns Vietnam of Trade Difficulties Ahead
The World Bank Wednesday said Vietnam’s economic growth will speed up this year but warned that the country, together with other Asian economies, is being affected by a decline in global trade.

· Vietnam Shrimp Exports Reach $2.4Bln In 2011
Vietnam was estimated to have reaped a total of $2.396 billion from shrimp exports in 2011, up 13.7% from 2010, the Ministry of Agriculture and Rural Development (MARD) said on its website on Jan 16th, 2012.

· Vietnam Banks To Restrain Credit Growth Amid Bad Debt Worries
Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012.

· SOEs Restructuring Plan to Be Approved within Jan/2012: Vietnam Gov.
Vietnam Government on January 17 issued Directive No.03, which specified that the plan to reorganize, restructure and equitize state-owned enterprises (SOEs) will be approved within January, 2012.

Market News

· Vietnam to Set up National Stock Exchange: Report
Vietnam plans to merge its two stock exchanges in Ho Chi Minh City and Hanoi as part of plans to restructure its securities market, the Dow Jones news agency cited state news media as saying Tuesday.

· Jan 19: Foreigners Net Buy On Both HOSE and HNX
Foreigners extended their position of net buyers on both HOSE and HNX on Thursday. Level of participation increased.

Corporate Events

· FLC – Cash Dividend 20/01/2012

· FLC – Annual General Meeting 20/01/2012

· MCP – additional listing 20/01/2012

· VCT – Annual General Meeting 20/01/2012

Corporate News

· BSI: Posts Heavier Loss of VND79Bln in Q4/2011

· CMS: Signs VND180Bln Work Construction Contract

· CSG: Swings to VND5.5Bln Loss in Q4/2011

· EBS: 2011 Net Profit Rises 12% to VND12Bln

· DSN: Q4/2011 Profit Rises 163% to VND14Bln

· HSG: Posts VND76Bln Net Profit in Q1/2011-2012, up 361%