Macro economy
·Vietnam Retail and Services Revenues Increase 23.5% in 11M/2011: GSO
Vietnam is estimated to collect VND1,814 trillion ($86.34 billion) from retail and services sector in Jan-Nov, up 23.5% on year, the General Statistics Office said in a monthly report released on November 25.
·Vietnam Trade Deficit Soars to $0.76Bln in First 15 Days of Nov
Vietnam was estimated to have incurred a trade deficit of $0.7 billion in the first 15 days of November, making 3.1 times higher than that of the last 15 days of October ($0.24 billion), the General Department of Vietnam Customs said.
·Vietnam Needs to Loosen its Monetary Policy
International financial analysts said that Vietnam needs to gradually loosen its monetary policies as too tight policies in the coming time would result in stagnated production, lower production outputs and increasing inflation.
·Vietnam To Tighten Overseas Investments
A draft decree on domestic enterprise investment in foreign markets is set to tighten the money flow and increase the effectiveness of capital after concerns regarding low returns.
·Vietnam Industrial Production Index Increases 6.9% YoY in 11M/2011
Vietnam industrial production index increased 6.9% on year in the first 11 months of this year, driven by processing sector (up 9.8% on year), electricity, gas, water production and distribution (up 9.6% on year), the General Statistics Office said.
·Vietnam Must Quantify Bad Debt Before Restructuring Banks: Le Xuan Nghia
The most important task now was to quantify the real bad debts of the entire banking sector or else the restructuring plan became meaningless.
·Vietnam Central Bank Should Issue Gold Certificates to Mobilize Gold: Former Governor Cao Sy Kiem
The best approach to mobilize gold from local residents was through the issuance of gold certificates, Cao Sy Kiem, Member of the National Advisory Council for Financial and Monetary Policies told the local online newspaper Dau Tu (Investment News).
·Vietnam Amongst Top Five Biggest ODA Recipients In The World
At the fourth Aid Effectiveness Forum (AEF-4) held in Hanoi on November 24, Eamonn Murphy, country director of the Joint United Nations Programme on HIV/Aids (UNAIDS).
·FIEs Run $5.85Bln Trade Surplus in 11M/2011
Foreign invested enterprises (FIEs) in Vietnam are estimated to have run $5.85 billion trade surplus in Jan-November period, the General Statistics Office (GSO) said.
·Vietnam: a Question of Balance
Country’s leadership shows few signs of being able to address deep distortions.
Market News
·Vietnam Picks Up 60 Stocks to Introduce on Aseanexchanges.org
The Hochiminh Stock Exchange and the Hanoi Stock Exchange selected 30 typical stocks each to introduce on the website of Asean Exchange (aseanexchanges.org).
·Vietnam PM assures steps for stock and property market
Speaking at the Q&A session of the Vietnamese National Assembly meeting on November 25, Prime Minister Nguyen Tan Dung affirmed remedies for stock and property market to be included in the macroeconomic stabilisation package.
·Thac Mo Hydro Power Hits Year-Low 6th Time In Three Months
Thac Mo Hydro Power (TMP.VN),
·Vietinbank To Issue New Shares To Existing Shareholders: An Analysis of Shareholders’ Benefits
This article will provide an analysis into Vietinbank’s new share issuance and the importance of the event.
·NOV 28: Foreigners Net Sell for Fourth Consecutive Day on Both HOSE and HNX
Foreigners continued to be net sellers on both HOSE and HNX for a fourth working day on Monday as they took the rally as exit opportunity. Level of participation increased.
Corporate Events
·HBC – Treasury Stocks 29/11/2011
·KBE – Cash Dividend 29/11/2011
·GHC – Cash Dividend 29/11/2011
·LHG – Cash Dividend 29/11/2011
·SDH – Treasury Stocks 29/11/2011
·TNY – Cash Dividend 29/11/2011
Corporate News
·GDT: 10M/2011 Net Profit Tops Full-year Target
·GIL: to Pay 2011 Third Dividend at VND1,600/share
·NBP: REE Becomes Major Shareholder