Tiếng Việt
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Macro Economy
- FDI into Vietnam Nears $200 Billion
Nearly 13,670 valid foreign direct investment (FDI) projects have operated in Vietnam by mid December with a total registered capital of $198 billion.
- Business Optimism In Vietnam Drops In Q4 2011
Business optimism in Vietnam has fallen from 80 per cent in the first quarter of 2011 to 34 per cent in the final quarter of 2011, according to Grant Thornton’s International Business Report (IBR).
- HCMC Increases Water Price By 10% From Jan 1, 2012: Sawaco
Ho Chi Minh City (HCMC) raised price of clean water by 10% from 201 price (Valued added tax –VAT excluded) since January 1st, 2012, the Sai Gon Water Company (Sawaco) said.
- Vietnam Banks Must Prepare Monthly Reports on Overseas Lending
Local credit institutions must prepare monthly and annual reports on overseas lending and submit them to the Foreign Exchange Management Department of the central bank.
- Vietnam Banks Dodge Deposit Interest Rate Cap Again
Several commercial banks have been advising customers to buy corporate bonds with 18-20% p.a. interest rates, as a way to dodge the 14% deposit rate cap set by the State Bank of Vietnam (SBV), the local online newspaper Saigon Tiep Thi reported.
- Vietnam Central Bank Stipulates Conditions for Banks to Lend Abroad
The State Bank of Vietnam (SBV), on Dec 30, 2011, issued Circular No.45/2011/TT-NHNN, stipulating conditions and scope for lending abroad of local credit institutions.
Market News
- 2011 Sees Big Changes in Personnel of Securities Companies
Securities companies had to close 16 branches and 23 transaction offices in 2011 while only 15 new branches and 16 transaction offices were set up, the State Securities Commission (SSC)’s data showed.
- Vietnam Ends 2011 with Largest IPO for the Year
Vietnam’s largest initial public offering in 2011 saw the country’s second-largest lender by assets – the Bank for Investment and Development of Vietnam (BIDV) – raise 1.575 trillion Vietnamese dong (USD75 million) during a December 28-29 auction.
- Vietnam First Time Prisons Criminal of Stock Price Manipulation
Hanoi lawcourt on December 30 sentenced Le Van Dung, aged 39, former chairman of Vien Dong Pharmaceutical JSC. (DVD) to 4 years’ imprisonment on stock price manipulation, local online newspaper VnExpress reported.
- 60% of Vietnam Listed Companies See Profits Drop
By December 31, 2011, 60% of Vietnam listed companies saw their profit drop from 2010; 14% of them suffered loss in the third quarter of 2011 and 12% of companies posted accumulated loss, the State Securities Commission (SSC)’s data showed.
- Truong Son Securities Incorporation Stops Brokerage Service
Hanoi Stock Exchange on Dec 29th 2011 received official letters no.25/2011-TSS-QD/HDQT from Truong Son Securities Incorporation (TSS) seeking approval to terminate its membership at Hanoi Stock Exchange.
- Vietnam’s Stocks: Binh Duong Mineral, Elcom, Son Ha, Tan Tao
Shares of the following companies had unusual (VNINDEX) moves in Vietnam trading. (VNINDEX) Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.
- Jan 3: Foreigners Net Sell On HOSE, Net Buy On HNX
Foreigners kicked off the New Year 2012 with the position of net sellers on the primary bourse HOSE and net buyers on the HNX. Level of participation plunged on caution.
Corporate Events
· MEF – Share Issue 04/01/2012
· ITD – Share Issue 04/01/2012
· VTS – Annual General Meeting 04/01/2012
Corporate News
- ACC: Targets VND53.8Bln Net Profit in 2012
- BT6: to Contribute VND10.2Bln to Set up Beton 6 Construction JSC
- CIG: Sets up Ho Chi Minh Branch
- D2D: Targets VND60.4Bln Consolidated Pretax Profit in 2012
- DMC: Sells all 305,817 Treasury Shares
- FLC: Announces 2011 AGM Resolution
- KDH: Plans to Buy 1Mln Treasury Shares
- PVR: Announces 2011 EGM Resolution
- STC: Targets VND12.8Bln Pretax Profit in 2012
- TV4: Buys 1,398 Treasury Shares
- VPH: Withdraws Capital from Van Phu Hung JSC