Macro Economy
- Vietnam Disburses VND55.31Tln State Budget in Jan-Apr: GSO
Vietnam is estimated to have disbursed a total of VND55.31 trillion ($2.646 billion) worth of state funds in Jan-Apr period, fulfilling 27.8 % of the full-year target and rising 3.8% from the same time of 2011, the General Statistics Office said.
- Vietnam Retail Sales and Service Revenues Expand 21.6% in Jan-Apr: GSO
Vietnam’s total retail sales and service revenues are estimated to have accelerated by 21.6% on-year to VND762.2 trillion in Jan-April period, the General Statistics Office (GSO) said on its release on April 26.
- Politburo: Inflation Rate under Control at 8-9 Percent
The Party Central Committee’s Politburo has set a target of keeping this year’s inflation rate at 8-9 percent to stabilize the macro-economy by implementing fiscal and monetary policy in a cautious and flexible manner.
- Six Important Regulations Effective in May/2012
This month, a number of monetary policies begin to take effects, of which some are still pending for specific guidance from competent authorities.
- Foreign Currency Loans out of Reach to Exporters
Export businesses nationwide are mired in difficulties again as local commercial banks have started to limit lending in foreign currency for corporate clients, including those who could make repayments in their own foreign exchange revenue.
- Vietnam to Focus on Handling Weak Credit Institutions in 2012-1015 Period: Government
In the next four years to 2015, Vietnam will concentrate on dealing with ailing credit institutions, ensuring the legitimate interests of depositors.
- Restructuring Vietnam Banking System May Cost $3-4Bln: Expert
Restructure banking sector may cost Vietnam about $3-4 billion, Le Xuan Nghia, former deputy chairman of the National Financial Supervisory Committee estimated.
Market News
- Vietnam’s Bond Market Outperforms in the East Asia Area in 2011: ADB’s Report
Vietnam’s bond market grew by 16.5% in 2011, the highest level in the East Asia area, the Asian Development Bank (ADB) said in its Asia bond monitor latest report.
- May May Come With Hope
What happened to Vietnam’s stock market between April 18 and 24. Although the April consumer price index rate was the lowest in the past 37 months, being only 0.05% over March, the stock market remained bearish this week.
- May 2: Foreigners Net Buy on Both HOSE and HNX
Foreigners were net buyers on both HOSE and HNX on Wednesday. Level of participation surged after the holiday.
Corporate Events
· VLA – Cash Dividend 03/05/2012
· NVB – Annual General Meeting 03/05/2012
· IJC – Cash Dividend 03/05/2012
· KHA – Cash Dividend 03/05/2012
· FBA – Annual General Meeting 03/05/2012
· SPD – additional listing 03/05/2012
· BAS – Listing Suspension 03/05/2012
· KHA – Cash Dividend 03/05/2012
Corporate News
- EIB: Net Profit Rises 17% to VND751Bln in Q1/2012
- MBB: Net Profit Rises 24% to VND668Bln in Q1/2012
- GMD: Makes VND32Bln Net Profit in Q1/2012, up 17%
- POM: Swings to VND33BLn Net Loss in Q1/2012
- PNJ: Makes VND93Bln Net Profit in Q1/2012
- PXL: Q1/2012 Net Profit Plummets 98% to VND23Mln
- PXI: Consolidated Net Profit Plunges 74% to VND4Bln in Q1/2012
- REE: Posts VND266Bln Net Profit in Q1/2012, up 64%
- S99: Reports VND1.3Bln Consolidated Net Profit in Q1/2012
- SDA: Q1/2012 Net Profit Plunges 98% to VND19Mln
- SCR: Makes VND4.4Bln Net Profit in Q1/2012
- PVE: Posts VND9Bln Net Profit in Q1/2012
- VCR: Swings to VND2.4Bln Net Loss in Q1/2012
- VFR: Q1/2012 Net Profit Plunges 99.3% to VND19Mln
- VGP: Earns VND5Bln Net Profit in Q1/2012
- VKC: Net Profit Falls 50% to VND1Bln in Q1/2012
- BHV: Swings to VND2.6Bln Net Loss in Q1/2012
- ADC: Earns VND533.6Mln Net Profit in Q1/2012
- BCC: Net Profit Falls 28.4% to VND16Bln in Q1/2012
- BHT: Suffers VND466Mln Net Loss in Q1/2012
- UNI: Net Profit Jumps 290% to VND3.4Bln in Q1/2012
- TSB: Swings to VND9Bln Net Loss in Q1/2012
- VIC: Net Profit Soars 21 Fold to VND843Bln in Q1/2012 on High Sales
- VIP: Posts VND26Bln Net profit in Q1/2012
- VSC: Consolidated Net Profit Climbs 29% to VND55Bln in Q1/2012
- VNM: Consolidated Net Profit Rises 26% to VND1Tln in Q1/2012
- VTO: Posts VND12Bln Consolidated Net Profit in Q1/2012, down 34%