Nov 21: StoxPlus Morning Brief

Macro economy

·         Vietnam Inflation to Slowdown to 11.3% In 2012 and 8% in 2013: Standard Chartered
Standard Chartered forecast Vietnam’s inflation to ease to 11.3% in 2012 and 8% in 2013, it said in a report on economic performance and prospects of Vietnam in 2011 and 2012 released on November 17.

·         Vietnam Expects ODA Disbursement at $3.65Bln In 2011
Vietnam expected to disburse $3.65 billion official development assistance (ODA) in 2011, increasing 3.1% from 2010 ( $3.541 billion), the Foreign Economic Relations Department under the Ministry of planning and investment said.

·         Vietnam Runs $11.01b Trade Deficit with China in Jan-Oct: General Customs Department
Vietnam incurred a trade deficit of $11.01 billion with China in Jan-Oct period, increasing 4.5% on year and meeting 134% the country’s whole trade deficit in the period, the General Department of Vietnam Custom said.

·         Hanoi Targets to Curb On-Month CPI Rise at 0.5-0.7% During Lunar New Year
Hanoi’s authorities set target to curb Hanoi’s on-month CPI increase at 0.5-0.7% during the months of New Year and traditional Tet Holiday, Nguyen Van Dong, Deputy Head of Hanoi ‘s Industry and Trade Department said at a press conference on Nov 15.

·         Vietnam Central Bank Establishes a Team to Develop Plans to Stabilize the Gold Market
The Governor of the State Bank of Vietnam (SBV) on Nov 17 issued Decision No.2496/2011/QD-NHNN to set up a Team in charge of preparing plans to use internal resources for stabilizing the local gold market.

·         Money Laundering Takes Place under Various Forms in Vietnam
In a cash economy like Vietnam, there are various ways to obscure the origins of the so-called “dirty” money.

Market News

·         Vietnam’s Stock Market Plunges Due To Investors’ Disappointment
Vietnam’s benchmark VN-Index went down 6.24 points to close at 379.62 points on Friday against the previous trading day, reports Vietnam News Agency (VNA).

·         NOV 18: Foreigners Continue to Net Sell on HOSE, Net Buy on HNX
Foreigners continued to be net sellers on the primary bourse HOSE for the third day and remained to be net buyers on HNX bourse for a sixth day in a row on Friday.

Corporate Events

·         BHV – Record date for ballot 21/11/2011

·         VCH – Record date for ballot 21/11/2011

Corporate News

·         BTT: Reports VND33Bln Pre-tax Profit in 10M/2011

·         HPG: Posts VND1.2Tln Pre-tax Profit in 10M/2011

·         KDH: Sells 99% Stake in Green Space Real Estate Investment and Trade Co.

·         PNJ: Posts VND275Bln Pre-tax Profit in 10M/2011, up 19%

·         PVX: Q3/2011 Consolidated Net Profit Plunges 53% to VND67Bln

·         PTI: to all Sell 7,563 Treasury Shares

·         VC5: Q3/2011 Consolidated Net Profit Jumps 105% to VND4Bln

·         VNT: Q3/2011 Consolidated Net Profit Rises 36.4% to VND6Bln