Market Update Sep 06
Vietnam Shares Soar; Traders Upbeat on GDP Growth Outlook
Vietnam’s shares continued gaining streak for sixth consecutive sessions as investors expected the
government would have measures to help boost economic growth to 7.18% in Q3 and 6.7% in 2010.
VN-Index ended up 1.58% or 7.25 points at 466. Volume surged to 57.209 million shares worth
VND1.604 trillion, compared to 47.06 million shares valued at VND1.222 trillion Wednesday. The
market closed for Thursday and Friday.
Locals continued strong buying after the government forecast the economy
may grow at 7.18% in the third quarter, 6.7% in 2010 and projected 7.5% in 2011. Authorities may
have greater efforts to achieve GDP growth targets such as boosting money supply or lowering
interest rates.
Total credits rose 14.15% by August 17, compared to the full-year target of 25%, indicating that some
large banks are expected to cut lending rates in coming months to expand lending.
Foreigners were active net buyers of VND70.28 billion on the Hochiminh Stock Exchange, and net
sellers of VND1.26 billion on the Hanoi Stock Exchange today.
The VN-Index is likely to face resistance at 480 this week
Saigon Securities (SSI) was the most active stock, soaring 4.9% at VND29,900 on 3.2 million shares
traded. Of total, foreigners bought 183,570 shares and sold 420,150 shares.
REE, the second most active, gained 4.1% at VND17,900 on volume of 2.5 million shares. Of total,
foreigners bought 83,410 shares and sold 221,500 shares.
Ocean Group (OGC) increased 1.4% today at VND35,500 on 1.7 million shares traded, with
foreigners buying 416,760 shares.
Licogi No.16 (LCG) ranked among the biggest gainers, up 5% at VND37,800 on trade of one million
shares, including 6,140 shares bought and 52,800 shares sold by foreigners.
On the other side, PV Drilling (PVD) was the heaviest loser, falling 4.8% at VND44,000 on 310,480
shares changed hands.
In total, 215 stocks closed higher, 20 ended lower and 23 remained unchanged. Among five funds,
MAFPF1 flat while the four others up today.
Banking & Finance:
Vietnam BoP Deficit Likely at $4B in 2010, Ministry Says
Credit Growth +14.15% by Aug 17: Vietnam Central Bank
NAM VIET AUDITING AND CONSULTING COMPANY
Add: 537 Nguyen Trai,Ward,Dist 5,HCMC
Phone: (84 – 8) 22 120 103 - Fax: (84 - ) 6261 0482
Website: www.nv2b.com
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Market Update Sep 06
Fitch Downgrades Vietcombank, ACB on Strong Credit Growth
Standard Chartered Signs Cash Management Deal with Vietnam Sacombank
Vietnam Techcombank Launches Internet Credit Card
Vietnam BIC Signs Security Deal with BitDefender
Stock Market:
Vietnam Song Hong Corp. Prepares Listing on Bourse in Q4
Vietnam PV Gas to Auction 189.5M Shares at VND31,000 in IPO
Vietnam ACB Posts Pretax Profit of VND1.814T in Jan-Aug
Vietnam CCM Cancels VND70B Convertible Bond Sale
Two Vietnam Firms Approved to List 24M Shares on HOSE
Vietnam FMC Posts Revenues of $35.3M in Jan-Aug
Vietnam CDC to Debut 12.46M Shares on HOSE Sept 13
Vietnam Vincom Gets Ok to List 625,833 New Shares on HOSE
Vietnam TCT Targets Pretax Profit of VND32.9B This Year
Vietnam VOSCO Posts Net Profit of VND53.6B in H1
Vietnam TTF Net Profit Rockets 7.5 Folds in H1
Vietnam DID Posts Pretax Profit of VND10.5B in Jan-Aug
Vietnam TH1 Posts Revenues of $57.77M in Jan-Jul
Vietnam NNC to Buy 205,000 Treasury Shares through Dec 1
Vietnam PHR to Buy 500,000 Treasury Shares through Nov 15
Vietnam PIT to Buy 500,000 Treasury Shares through Oct 8
Vietnam PAN to Buy 1M Treasury Shares through Dec 10
Vietnam CPC to Buy 200,000 Treasury Shares through Dec 5
Vietnam CMC Chairman to Buy 100,000 Shares through Nov 3
Deutsche Bank Buys Net 85,520 Shares of Vietnam CII
Vietnam SPP to Buy 200,000 Treasury Shares through Dec 14
Trade:
Vietnam Export Growth Forecast to Triple NA Target: Ministry
Vietnam Earns $7.66B from Exports to U.S in Jan-Jul
Vietnam Imports from U.K Soar 36.9% in Jan-Jul
Vietnam Steel Sales Surge to 460,000 Tons in Aug: VSA
$4.36M Contracts Signed at Int’l Trade Fair 2010 in Vietnam
Vietnam Int’l Exhibition to Open in Cambodia in Oct
Metro Cash & Carry Opens 10th Wholesale Center in Vietnam
Industry:
Vietnam EVN Power Output +15.97% to 63.723B kWh in Jan-Aug
Vietnam PVI to Insure PVEP Oil Exploration Project in Tunisia
Vietnam PVF Arranges Capital for National Energy Projects in Mekong Delta
China Firm Operates First Phase of Steel Plant in Northern Vietnam
NAM VIET AUDITING AND CONSULTING COMPANY
Add: 537 Nguyen Trai,Ward,Dist 5,HCMC
Phone: (84 – 8) 22 120 103 - Fax: (84 - ) 6261 0482
Website: www.nv2b.com
2
Market Update Sep 06
Agriculture:
Vietnam Calls for G20 Support to Early Warning System of Food Crisis
India Firm Builds Asia’s Largest Instant Coffee Plant in Central
Vietnam
Mozambique Orders 400,000 Tons of Rice from Vietnam
Vietnam to Export Dragon Fruits to S.Korea
Forbes Lists Vinamilk in Asia’s 200 Best Firms
Vietnam Starts Inoculating New 200,000 Doses of Blue-ear Vaccines
Business:
Four More Officials at Vietnam Shipbuilder Vinashin Arrested
200 Vietnam Outstanding Firms Receive Golden Star Prize
Vietnam SJS to Build VND2T Urban Area in Capital City
Vietnam Viettel Cuts Roaming Charges in Laos, Cambodia
Turkish Airlines Licensed to Fly to HCM City
DHL-VNPT Opens Service Center in Hanoi
Foreign Investment:
Vietnam PM Pledges to Facilitate U.S. Investments
U.K. Ranks 3rd among European Investors in Vietnam So Far
China Firms Seek Investment Opportunities in Vietnam
Vietnam Ministry Requires Reports on FDI Projects
Vietnam Opens Mekong Delta Investment Promotion Conference
Vietnam to Pilot Online Bidding Sept 15
Tourism:
Vietnam Ranks Third in Asia-Pacific in Tourism Recovery
Vietnam Promotes Tourism Potential in Belgium, France
Vietnam Hotels, Resorts Listed among Most Ideal Destinations Worldwide
Labor & Education:
Vietnam Reports Industrial Workers Up 0.6% in August
22 Million Vietnam Students Start New Academic Year
Health & Environment:
Vietnam to Host ASEM Forum on Climate Change Adaptation Today
Vietnam Central City Starts Building $10.26M Int’l Hospital
Vietnam Central Province Seeks $3.6M ODA for Health Project
20% of Vietnamese Population Suffer from Hepatitis B: Report
Culture & Society:
Vietnam First Hosts Int’l Piano Contest
NAM VIET AUDITING AND CONSULTING COMPANY
Add: 537 Nguyen Trai,Ward,Dist 5,HCMC
Phone: (84 – 8) 22 120 103 - Fax: (84 - ) 6261 0482
Website: www.nv2b.com
3
Market Update Sep 06
Vietnam Hosts Second Int’l Puppetry Festival
Hundreds Traffic Accidents Occur in Vietnam on National Day Holiday
Vietnam: 34% of Traffic Accident-Caused Deaths Involved in Alcohol
Inter-bank Forex Rate:
$1=VND18,932
Vietcombank: Buy VND19,480, Sell VND19,500
OTC: Buy VND19,480, Sell VND19,520
NAM VIET AUDITING AND CONSULTING COMPANY
Add: 537 Nguyen Trai,Ward,Dist 5,HCMC
Phone: (84 – 8) 22 120 103 - Fax: (84 - ) 6261 0482
Website: www.nv2b.com
4