Macro Economy
- Vietnam Extends Tight Monetary Policy in 2012
Vietnam will govern the monetary policies tightly, cautiously and flexibly and continue its tight, efficient fiscal measures in 2012, aiming to curb inflation and stabilize macro-economy.
- Prime Minister Targets 13% Higher Exports
Viet Nam must increase the value of exports by 13 per cent this year and cap the trade deficit at 12 per cent, Prime Minister Nguyen Tan Dung told the Ministry of Industry and Trade at a meeting in Ha Noi yesterday.
- Overseas Investment Hits New High in 2011
Vietnamese enterprises disbursed some US$950 million of overseas investment out of the total registered capital of US$2.12 billion in 2011, according to the Ministry of Planning and Investment.
- Exports Braced To Take Hit In 2012
Exports were a surprise good news story for Vietnam’s economy in 2011, but this year looks set to be a whole lot tougher.
- Maintaining Trade Deficit Cut A Tough Task
Vietnam will find it difficult to sustain into the new year the trade deficit reduction that it managed in 2011, given that it plans to reduce import tariffs on many products and that the ongoing global recession could hurt its exports, experts say
- 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).
- Vietnam Forex Reserve Forecasted at $15.8Bln in 2012: JPMorgan Chase
JPMorgan Chase Bank forecasted Vietnam’s foreign exchange reserve to reach $15.811 billion in 2012, up from $12.561 billion in 2011, the local newswire NDHMoney.vn reported.
- Vietnam: Why Is The Economy Not Taking Off? – Analysis
Studies reveal that Vietnam is the only country among the Next Eleven (N-11) countries that has managed to maintain a growth comparable to that of China and India in the past five years.
Market News
- Securities Brokerages Facing Threat of Bankruptcy
The story that SME Securities Co was suspended in payment operations in December raised the question “how many securities brokerages may face similar situation?”
- Stock Market Likely To Improve This Week, Say Brokers
Securities enterprises expected the local stock market to stage a slight rebound this week as it ended the last trading day of 2011 on a positive note despite earlier intraday losses.
- A Tough Year Squeezing Many Brave Investors
It is a sign of the times that stock market conversations, all the rage not that long ago, are no longer in vogue.
- Vinh Son-Song Hinh Hydropower Closes at 13.6% Below VWP but at 5.1% Premium to 52-Week Low
Vinh Son-Song Hinh Hydropower (VSH.VN), Vietnam’s 3rd largest energy company by market capitalisation, closed unchanged at VND8,300.0.
- Can Don Hydro Power Weakens 2.1%, P/E Improves to 3.0
Can Don Hydro Power (SJD.VN), Vietnam’s 7th largest energy company by market capitalisation, weakened VND200.0 (or 2.1%) to close at VND9,500.0, ending a three-day streak of rises.
- Vietnamese Stock Movers: Phu Nhuan Jewelry, Phuoc Hoa Rubber
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 4: Foreigners Net Buy On Both HOSE And HNX
Foreigners were net buyers on both HOSE and HNX today. Level of participation increased.
Corporate Events
· C47 – Cash Dividend 05/01/2012
· CMV – Cash Dividend 05/01/2012
· DTL – additional listing 05/01/2012
· HLA – Annual General Meeting 05/01/2012
· JVC – Cash Dividend 05/01/2012
· PMS – additional listing 05/01/2012
· PFL – Cash Dividend 05/01/2012
· SRF – Cash Dividend 05/01/2012
· ST8 – Cash Dividend 05/01/2012
Corporate News