May 21: StoxPlus Morning Brief

21/05/2012

Macro Economy

· Vietnam Keeps GDP Growth Target at 6-6.5% in 2012: Congress
Vietnam still keep its gross domestic product (GDP) growth target of 6-6.5% this year despite the economic difficulties in the first months, Nguyen Hanh Phuc , head of National Assembly Office said at the press conference on May 17th.

· Vietnam Runs $78.4Mln Trade Surplus in Jan-April: Customs
Vietnam is estimated to have run $78.4 million trade surplus in Jan-Apr 2012, the local news provider Gafin.vn reported, citing figure from the General Department of Vietnam Customs.

· Vietnam Credit Growth Drops 0.66% in 4M/2012: SBV
Bank loans in Vietnam in the first four months of this year slid 0.66% from late 2011, the local online newspaper Dau Tu (“Investment News”) reported, citing a report of the State Bank of Vietnam (SBV) to the National Assembly’s Economic Committee.

· Deflation Not a Problem Yet: Expert
Deflation is not a problem in Vietnam at the moment and the country will not face it in the near future, said Trinh Nguyen, an economist at HSBC.

· Vietnam’s Bonds Gain as Banks Invest Surplus Cash; Dong Steady
Vietnam’s two-year bonds rose on speculation banks have surplus cash to invest. The dong was little changed.

Corporate Events

· VC1 – Cash Dividend 21/05/2012

· VXB – Cash Dividend 21/05/2012

· TC6 – Cash Dividend 21/05/2012

· TAG – Treasury Stocks 21/05/2012

· GAS – New listing 21/05/2012

· KTB – Annual General Meeting 21/05/2012

· C47 – Cash Dividend 21/05/2012

· STT – Annual General Meeting 21/05/2012

· FBT – Annual General Meeting 21/05/2012

Corporate News

· PPS: Q1/2012 Net Profit Rises 40% to VND4Bln