economic&financial report nov 2011 cafef
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8/3/2019 Economic&Financial Report Nov 2011 CafeF
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Economic
Financial
Report 11/2011
Compiled by Date analysis andEditorial division - CafeFAddress: CDC Building, 25 27 Le DaiHanh,Ha NoiTel: 04 39749300. Ext: 562Fax: 04 39744082Email: info@cafef.vn
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Briefing
Global economy 1
USD remarked stronger rise towards other assets in Nov
U.S public debts exceeded USD 15 thousand bil
6 central banks coordinated to prevent European crisis
Sell offs dominated on commodity market
Domestic economy 3
CPI rose by 0.39% against October
Processing industry took half of FDI
Import accelerated SBV strictly punished exceeding ceiling mobilization
Steel was sued for anti dumping in U.S
Domestic stock market 9
VN-Index fell 9.5%, HNX-Index 13.8%
Securities company changed leaders
After 3 months with net selling, foreign investors made net buying
Facing hardship, enterprises gave thoughts to restructure
Due to capital lack, enterprises sold shares to funds at low price
Real estate 12
Apartment stayed neglected without discount
With tax liabilities, ParkCity, Geleximcoconfronted being
uncertified
Loosen credit for certain real estate groups
Introduce Rail way real estate company
Stock data in 11/2011 15
Excluding BVH, MSN, VIC and VNM, HN-Index a 11/30/2011
stayed at 224.6, P/E and P/B on HOSE remained at 7.25 and 1.56.
Outstanding real estate projects 18
TOP 100 richest on Stocks Market 21
Finance and stock
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Economic Financial report in 11/2011
GLOBAL ECONOMY
breakdown due to debt crisiss effects after new
president appointments in both Italy and Greece,
Ireland and Portugese residents dismissed their
leaders after bailout receipt.
IMF could not independently finance for
European support: IMFs reserve for loan is
about euro 280bil which would be irrelevant if
used for merely one country. As warnings by
USB, market gave thoughts to a broken euro due
to unpredictable turn ups of bad circumstances
which stay out of politic handling.
China
China officially redirected monetary policy:On 11/30/2011, Chinese central bank reduced
obligatory reserve by 0.5 percentage points to
21% towards big commercial banks which took
effects since 12/05/2011. As clearly seen,
economic growth was put above inflation
restrain, regardless of a forming real estate
bubble risks.
PMI index for manufacturing sector in Nov slid to
49 lowest since 02/2009 and lower than 50.4 in
Oct.
FDI into China in 2011 may set records: As
released by Ministry of Commerce, FDI into
China in Oct grew by 8.8% against same prior
period to USD 8.33bil. This figure is 7.9% in
Sept. 10 month FDI rose by 15.9%. With
increasing number of enterprises penetrating for
market share, China may at second time set
records of inflow FDI.
Japan
Japan raised tax to improve income, reduce
debts: On 11/30, Japanese Congress approved
an urgent tax increase law, which allowed
government to level up income taxes within 25
years, to guarantee capitals for reconstructing
damaged areas from earthquake and tidal waves
on 03/11. Assets were sold to support
restructuring East North region.
U.S economy
Manufacturing gained good signs: Orders in Nov
2011 experienced 7 month strongest rise. Order
index also climbed to 56.7, PMI rose 2 points to
52.7.
USD remarked biggest rise against other
currencies: In Nov, USD index with 6 currencies
climbed 2.9% which reduced 11 month fall to 1%.
Government bond rate remained at 0.7, S&Ps
GSCI rose by 1.4%, MSCI slid 2.9%.
Public debts exceeded USD 15 thousand bil:
According to AFP, data released on Nov 16 by
State Treasury indicated a total loan overtakingUSD 15,000bil, 99% estimated U.S economic scale
in 2011. Since approval to raise official national
ceiling loan limit from USD 14,300 to 15,194bil,
figure gradually accelerated.
U.S economy confronted crisis: Regardless of
internal governments disability in hitting final target
for budget overspending, credit rating was still
remained at AAA by Fitch highest level. However,
economic outlook was downgraded to negative due
to loss of confidence on a decrease of budget
overspending.
Europe
6 central banks coordinated to prevent Europe
crisis: 6 central banks (Fed, Europe, Canada,
Britain, Japan and Swiss) agreed upon creating a
bilateral swap in order to guarantee supply of any
currency on generated demand. This program isvalidated till 02/01/2013. Overnight interest rate of
USD swaps slid 0.05 percentage point from
previous 0.1, validating from 12/05/2011.
Concerns on Italian crisis: Current government
Italy debts reached USD 2,600 bil. Minister of
Industry, Transportation and Infrastructure Corrado
Passera warned about an economy facing the edge
of crisis.
Europe witnessed fifth breakdown since debt
crisis: Spain social party remarked the fifth
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Economic Financial report in 11/2011
GLOBAL ECONOMY
Japanese economy lost recovery trends:
Import in Oct fell by 7.3%. Trade deficit was
recorded at Yen 273.8bil (USD 3.56bil).
Global stock market
Changes of main global indexes in 11/2011
(Source: FT)
Index Change
S&P 500 -1.17%
FTSE 100 -0.37%
CAC 40 1.04%
DAX 0.56%
Hang Seng 2.88%
Straits Times -4.48%
RTS -6.85%
S&P/ASX 200 0.31%
NZX 50 -2.43%
S&P 500 -1.17%
Commodity market
Sell offs dominated
Except oil, commodities significantly surged (5%
on average) within 15-25/11 due to incessant sell
offs on unexpected rise in Europe lending
expense, which raised concerns about disability
in controlling crisis. 3 days of month end, sell offs
ceased. Many turned back to commodities with
belief on a weakening USD and positive global
economic outlook. In general, commodity onlyfell by 1.9% against Oct.
Stay out of the trend, crude oil reached its 5
month highest due to worries upon nuclear
intense situation in Iran and punishment towards
Syria. In Nov, WTI rose by 12.4%.
Rubber fell
Natural rubber in Asia strongly fell due to Europe
debt crisis and floods in Thai Lan stopping autofactories operations. In Nov, rubber slid 22%
and nearly 40% against the early 2011.
Commodity Unit Price on30/11
Price on31/10
Comparedto year
beginning
WTI USD/barrel 100,39 92,56 9.9%
Brent USD/barrel 110,49 109,23 16.6%
Natural gas USD/gallon 3,548 3,934 -19.5%
Spot gold USD/ounce 1.745,40 1,725.20 22.8%
Bronze USD/ton 7,868.25 8,007.00 -18.0%
Corn USD/bushel 6,005 6,47 0
Bean USD/bushel 11,34 12,0750 -18.6%
Wheat USD/bushel 5,96 6,2825 -25.0%
Coffee USD/lb 2,3125 2,2695 -3.8%
Cacao USD/ton 2,310.00 2,696.00 -23.9%
Sugar US cent/lb 23,71 25,77 -26.2%
Thomson Reuters/Jefferies CRB Index on 19
crude materials and goods in 11 (Source: CRB)
Gold holding of ETFs reached records
Not out of sell off trend, but signs are mainly
from individual investors. Trust funds are still
making efforts for a 64 ton net buying, raise
holding amount to VND 2,356,002 tons.
SPDR Gold Trust biggest global gold fun
purchased 54.98 tons with total figure at the end
of 2012 of 1,298.53 tons.
Analysts opinion
Plamen Monovski, investment director of
Renaissance Asset managers with USD 2bil
stated that, due to raise in future monetary
supply and interest reduction, commodity price
will significantly increased.
Goldman Sachs investment bank predicted
that commodity is likely to raise by 15% in next
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Economic Financial report in 11/2011
12 months; in which Brent will reach127.5
USD/barrel; bronze USD 9,500/ton; Gold price
1,940/oz; corn 5.5 USD/bushel.
CPI in Nov rose by 0.39% againt Oct
In Nov, food and related services increased by
0.56% with bigger portion of food at 3.25%.
CPI in Nov increased by 17.5% compared to the
end of 12/2010 and 19.83% over prior year.
Average CPI 11 month gained a 18.62% rise
against same previous period.
Industrial manufacturing rose by 7%
Industrial manufacturing in 11/2011 rose by 5%
against last month and 8.1% against prior year.
In 11 months, rate will be increased 6.9%.11
month CPI climbed 6.9%.
Inventories strongly rose
In Nov, inventory index climbed 21.5%,
remarking a second consecutive dramatic rise
after 5.5% fall in Sept. High inventories could be
seen with:
Sector Rise
Electric cables and insulated cables 33.8%
Paper pulp, paper and covers 72.6%
Beer and malt 31.3%
Motorbikes 38.8%
Other plastic products 55.1%
Bed, wardrobes, chairs and tables 101%
Concrete, lime, mortar 64.2%Non heating porcelain, pottery 62.7%
11 month budget investment reached 84.5%
whole year target
Realized capital from State budget in Nov hit an
estimated VND 20.7 thousand bil. 11 month
figure was recorded at VND 170.6 thousand bil
84.5% whole year plan and a 8.8% rise against
2010.
Processing industry proportioned half of FDI
FDI to 10/20/2011 reached USD 12.7bil, 83.8%
same period in 2010. 11 month FDI
disbursement hit USD 10.05bil, 1% higher than
same period.
FDI mainly focused on processing industry with
over USD 6.24bil highest proportion of 49%.
DOMESTIC ECONOMY
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Economic Financial report in 11/2011
DOMESTIC ECONOMY
Budget gain mostly reached plan
Budget overspending to 10/15 stayed at VND
52.9 thousand bil.
To 11/15/2011, total State budget gain reached
an estimated VND 586.2 thousand bil, 98.5%
whole year plan with gains from crude oil hitting
VND 90.3 thousand bil, exceeding plan by
30.3%.
To 11/15/2011, State budget spending reached
an estimated VND 639.1 thousand bil, 88.1%
whole year plan with debt payments and aids
exceeding plan by 0.4%.
Excluding price factor, retail rose 4.1%
11 month retail volumes and revenue from
consumption service was estimated at VND
1,814 thousand bil, 23.5% same prior period and
4.1% on exclusion of price.
Export kept accelerating
Estimated export hit USD 8.6bil, 2.5% higher
than prior month and 22% against 2010. 11
month figure reached USD 87.2bil, 34.7% higher
than 2010.
Import turnover was estimated at USD 9.3bil, a
1.7% gain over prior month and 15.5% over prior
year. 11 month figure climbed 14% against 2010
to USD 96.1bil.
Net import was estimated at USD 700mil. 11
month volume stayed at USD 8.9bil, 10.2%export turnover. Excluding gold, 11 month net
import hit USD 9.2bil, 10.8% total export
turnover.
Noticeable macro events
Decree of Congress on interview, answer in
second meeting, Congress term XIII was
approved.
Transportation: 2012 was the year forredefining regulations in traffic control.
Control towards people and vehicles taking part
in traffic acitivities; increase in punishments for
traffic safety violations,are to be executed.
Agriculture:Increase investment in agriculture,assure a double level of 2005 2010 in the next
5 years.
In education:Initiatives for a fundamental and
throughout change, enhancement of human
resource quality to meet requirements of
industrialization, modernization and
globalization. There are strict regulations
towards corporation in education c with foreign
entities.
In financial field:
Execute market price reign with electricity,
gasoline, coal and other essential goods, supply
appropriate supports for policy entities. To 2015,
complete out of sector divestment.
Restructure and enable developments of stock,
bonds, insurance markets and investment funds
on an international standard to meet capital
demand.
Efficiently execute approaches to prevent
budget decrease; control transfer price;
construct a path for decrease budget
overspending.
In banking sector: Restructure commercial
bank systems, assure effective operation,
various products and services in response toeconomic development; assure no weak banks
lingering which negatively impacts economy
EVN Telecom is favored by many parties
Though there has not yet been a final decision
on transferring EVN Telecom to Viettel, EVN
Telecom was grasping great attention.
If transfer is made, Viettel will hold 50% national
3G fund. This means a death blow to small
companies and brings telecommunication
market back to exclusive period.
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Economic Financial report in 11/2011
VTC, Vietnammobile, Hanoi Telecomare
planning for purchase.
Auto and multifunctional Mechanic
industrial zone with total investment of USD
350mil were signed for commencement between
Quang Nam province and Columbus company.
This is a part of Open economic zone Chu Lai
(Quang Nam) on an area of 1,000ha.
Banking - FinanceMobilization
According to Ha Noi statistic department, total
mobilization in Nov hit VND 787,790bil 99.95%
previous month and 99.07% of Dec 2010.
In Ho Chi Minh, the figure reached an estimated
VND 886.9 thousand bil, 1.8% and 16.5% higher
than previous month and 2010 respectively.
Credit growth
Total outstanding credit loan at the end of Nov
in HCM was estimated at VND 753.8 thousand
bil - 9.1% higher than 2010. In which, foreign
currency portioned VND 224 thousand bil
28.7% total figure and a 13% rise against same
previous period; VND figure accounted for
71.3%, a 7.6% increase against same previous
period.
In Ha Noi, total outstanding loan rose by 1%
against previous month and 10.58% over
12/2010 to stand at VND 563,900bil. In terms of
period, short, medium and long term respectively
experienced a rise by 1.36% and 9.89%; 0.45%
and 11.66%.
Open market
From 31 Oct to 02 Dec, OMO helped SBV inject
VND 11,873bil into the market. Interest rate is
Ministry of Transportation will submit to
Government Merging plan between Jetstar
Pacific and Vietnam Airlines
Jetstar Pacific is owned by SCIC with focus on
cheap flights but due to inefficient operation, it
frequently faced losses. Merging is considered
the most feasible to save Jetstar from
bankruptcy.
If successful, Vietnma Airlines will hold
approximately 100% domestic market share
(currently 80%, followed by Jetstar with 17%).
still fixed at 14%/year.7 and 14 days are still
periods used in OMO.
Interbank market
Average overnight interbank rate of below 1
month during the month faltered around 11% -
15.7%. As reaching maximum rate of 14%/year
on market 1, this marked a difference withOctober.
Still, there were significant movements in 1 week
term. Below 1 month accounted for 60-70% total
trading value.
Bond market
Through bids of government bonds, VND
1,517bil were successfully mobilized. 3 year
bonds value reached VND 1,000bil at
12.1%/year. There was 1 failed session on Nov
10.
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Economic Financial report in 11/2011
DOMESTIC ECONOMY
In afterward sessions, a low trading volume was
recorded in only 1 term. On Nov 17 and 24, total
mobilized value was only VND 100bil and 17bil in
5 year term at 12.15%/year.
Exchange rate
Average interbank exchange rate remained
unchanged at VND 20,803. VND 21,011 is
maximum applicable level regulated by SBV.
Banks made no change with maximum value in
both bid and ask.
Free exchange rate cooled to neatly banks rate
due to obligatory application of Decree 95 on
administrative punishment towards monetary and
banking violations.
Gold market
Since Nov 04, with VBDQ Bao Tin Minh Chau
quoting its prices lower than market value of
VND500 thousand/oz, even reaching VND 1mil
sometimes, gold market tumbled. This was due to
concerns that a gold draft by SVB if approved
would delete all gold stores, except SJC.
Market turned out less quiet, mainly with selling
non SJC gold and purchasing SJC gold.
Entities manufacturing and trading non SJC gold
ceased operations.
Essential news
In the outset of commercial banks lending on
interbank market experienced overdue
repayments of interest, even principals, VCB
required these institutions to ensure their loans
with mortgages.
BIDV committed financing for 3 banks:
Ficombank, BacA bank and GP bank, totaling
VND 13,000bil.
SBV strongly punished exceeding maximum
level mobilizations of institutions, specifically HD
Bank with 17 staff dismissed or fined.
An up to VND 500mil administrative charge was
applied to entities violating Decree 95/ND-CP on
illegal foreign currencies quotes and trading.
State Bank governor answered queries in
Parliament meeting on popular issues such as:
restructure of banking system, managements on
gold market and interest rates, SBVs monetary
policies. There was revelation of 8 small
commercial banks with unsafe operations.
Prime Minister made commitments on quickly
dealing with weak banks against banking system
restructure without causing any bankruptcy,
guaranteeing peoples deposit rights.
Dealing with bad debts in commercial banks
remained a challenge with analysts assuminghardship in clarifying accurate bad debts
portion.
BIDV officially announced IPO progress in the
end of Dec. Bidding rate stayed at 3%
capitalized chartered capital.
Legal policies
On Nov 11, Circular 35 on information disclosure
of SBV was released. Accordingly, SBV willsupply 5/12 standard banking financial ratios
including: CAR, bad debts/ total outstanding
loans ratio, sections outstanding loans/total
outstanding loans, ROA and ROE.
On Nov 14, SBV issued Document no
8844/NHNN-CSTT on credit activities in two final
months of the year. In which, there is regulation
of 4 groups on real estate loans not included in
non-manufacturing outstanding figure.
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Economic Financial report in 11/2011
Commodity market
Consumption goods surged
Thanks to big discounts, commodities in Ha Noi
this Nov simultaneously slid 10-50%. Other
regions also witnessed discounts with Nov 11
and Nov 20.
Motorbikes unexpectedly cooled at the end of
the month at VND 2-3mil/unit on a weak
demand. In an effort to shore up demand, almost
items even ones with colossal orders were
reduced to below proposed levels.
Meat, fish increased while vegetables fell
Due to weak supply, pork and chicken climbed
10% against October.
Input pangasius set record at VND 29,000/kg on
demands of export; prawn hit historical level of
VND 2,35mil/kg. Others remained high.
Vegetables significantly surged by 30% against
Oct on a rising demand in winter harvest and
favorable weather conditions.
Constructing materials rose
As demand for house decorations and work
completion at the end of year turned positive,
constructing materials market warmed up.
With almost unchanged demand and decrease
in imported materials, steel was considered
experiencing fake price. Present market price
stayed higher than manufacturing level from
VND 3 to 4bil/ton.
Gasoline remained unmodified, stabilizing
fund use rose
On Nov 28, Ministry of Finance issued a
dispatch to gasoline trading enterprises without
modification on gasoline price and import tax for
these goods to remain current levels. Stabilizing
funds supporting value for gasoline productswas raised by VND 250/liter at realistic census
(from VND 300 to 550/liter); for oil products (diesel,
mazut) stayed at VND 300/liter.
Ron92 in Singapore based level for domestic
prices fell by USD 8.73 to USD 111.17USD/barrel, 10% lower than Oct. Gasoline in
Singapore stayed at 7.2% lower than closest
modification at Aug 26.
Unclean food dominated; fake products met
peak season
Illegal transfers of unclean food into domestic
market at huge volume were incessantly
discovered, specifically the case of 108 tons of
rotten chicken feet imported via Hai Phong port.
Two months countdown from Lunar new year,
domestic market was stirred up with fake
products, mainly in consumption category.
Imported agricultural and aquatic products into
China became favored.
Chinese tradesmen were accelerating collection
of different items such as dried aquatic products,
rice, sesame, beans to meet Lunar Tet demand,
which raised average price by 10% against Oct.
Rubber import in terms of quota almost froze as
China authority intended to transfer into official
forms. Compared to beginning of the year, rubber
stayed at 40% lower.
Rice import faced hard competition
Though 11 month rice import reached 6.8mil tons,year end situation showed disadvantages due to
harsh competition from India and Pakistan with
price lower by USD120/ton. Import price reduced
by USD 20/ton due to weak demand. Domestic
price also cooled after setting record.
Steel was sued for dumping in U.S
On 11/18, U.S department of commerce
announced its official investigation towards anti-
dumping and anti subsidy for carbon steel tube
of Vietnam. There are 10 enterprises under
DOMESTIC ECONOMY
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Economic Financial report in 11/2011
investigation from 04/01 to 09/11/2011 including
Asia Huu Lien JSC Co.,Ltd; Daiwa Lance
International Company, Hoa Phat Steel Pipe Co;
Hoa Sen Group; Hyundai-Huy Hoang Pipe; SeAH
This month, VN-Index slid 9.5% from 420.8 to
380.7, HNX- Index experienced same trend with
13.8% fall from 70.2 to 60.5 lowest ever
Trading volume on HOSE saw a slight decrease
against previous month, averaging 31.8 mil
shares/session approximately VND 528 bil.
However, end month sessions trading volume fell
below VND 500bil, with considerable rise of deals
as STB registered purchasing 100 mil treasury
stocks.
There are 2 new stocks on HOSE CNG and
HU1, 1 on Upcom NHN (Southern Ha Noi urban
development company owned by Times City)
with opening price at VND 30,000 then climbing
up to 43,000/share on Dec 01.
Among 306 listed shares on HOSE, there areonly 37 seen with upward trend, 10 remained
unchanged, others fell.
Decreases: Regardless of a below 10% slide of
Vn Index, there are shares with over 50% fall
such as PTC, and 40% such as KSH, KSA, PAC,
BGM on HOSE and SME, LCD, NHA,AGP,OCH
on HNX.
Steel Vina Corporation; Tianjin Lida Steel Pipe
Group; Vietnam Germany Steel Pipe JSC (VG-
Pipe); Vinapipe and Vingal Industries Co., Ltd.
Listing cancellation dominated: Out of
compulsory cases due to frauds and low ability in
meeting requirements such as DVD, VTA, FPC ,
a number asked for its listing to be cancelled such
as SQC, SGT, TBC, CSG, TRI, V11, S27. At the
end of this month, ORSs managing board agreed
upon cancelling listing which resulted in strong
sales by small shareholders.
STB registered purchase of 100 mil treasury
stocks from Nov 16 to Dec 16. There are
concerns as it takes over VND 130 bil for fulfilling
registration while STB had just issued 100 mil
shares on same price in Aug 2011. Besides, this
may result in a lower CAR which is not a favorable
choice at the moment.
Security companies changed managingmembers: In Thang Long company, MrLuu Trung
Thai replaced Mr Le Dinh Ngoc as General
Director; in Ocean company, Mr Bui Quang Bach
replaced Mr Vu Hong Son as General Director; in
FLC, Mr Pham Duc Thang replaced Mr Duong
Quang Trung as General Director. Previously,
within 6 weeks from Oct to Nov, 6 deputy general
directors were dismissed. Incessant changes in
labor force dominated from beginning of the yearwith 127 staff reduced in SSI (24.4%), 92 in SBS
(24%) and 56 in VND (19.8%
STOCK MARKET
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Economic Financial report in 11/2011
Security Commission collects opinions for
draft of Decree on set up and management of
stock funds, involving 2 types: with legal status
(public funds, separate funds, real estate stock
investment companies) and without legal status
(closed funds, member funds, real estate
investment funds).
For opened funds, according to Deputy Finance
Minister Tran Xuan Ha, decree related will be
published in Dec 2011.
Restructuring stock market: According to Mr
Tran Xuan Ha Deputy Finance Minister,
evaluation will be processed by State departments
with reference to Decree 226, then categorization
of stock market into groups which enables
appropriate solutions for restructuring. In quarter I,
risk management principles in stock trading are to
be issued. In quarter II, CAMELS is expected to
be revealed with a view to enhancing financial
safety for stock companies. In case of lengthening
trading limits previously studied, application is
expected in Feb 2012. However, for shortening
trading limits T+2, there was plan submitted to
MoF in Dec 2011 for execution in 2012.
Trading activities gained attention: SSIAM
registered purchasing 5mil and selling 2mil HVG
shares from 07 Oct to 07 Dec, HQCs chairman of
the board and his wife registered selling 3 mil and
7 mil respectively resulting in incessant selling
afterwards by shareholders, driving HQCs pricedown from VND 15,000 to 6,000/share; Korean
Group is going to invest VND 210 bil in Golden
Bridge stock company in terms of bonds purchase,
VCB sold all of its 50% equity in Shinhan Vina,
Vinatex is going to acquire a dying enterprise,
Carlsberg purchased 50% equity in Huda Hue,
Haverstock fund announced its purchase of Thai
Hoa Groups shares in terms of deals.
Government bounced back stock market: In an
interview with Parliament, Prime Minister stated
that there would be solutions for a rebound of
stock and real estate market. According to Deputy
Minister Vu Van Ninh, government required
Ministry of Finance to construct restructuring plans
and orientations with close connection to recovery
of domestic stock market. Additionally, Ministry of
Finance and Security Commission were required
to enhance supervising operations to guarantee a
safe and positive stock market.
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Economic Financial report in 11/2011
STOCK MARKET
Foreign trading
This month on HOSE, foreign investors purchased
70.3 mil units valuing VND 2,250bil and sold 89.3
mil units valuing VND 2,112bil. These, in terms of
volume constituted a 19mil unit net selling but in
terms of value made a VND 138bil net buying.
This marked the first net buying after 3 consecutive
months of net selling and helped raise 11 month
value to over VND 2,100bil.
On HNX, a VND 30bil net selling was made this
month which is due to unexpectedly significant
purchase of VIC shares Vincom of 2.3 mil units
valuing VND 212bil.
With 3.26 mil net buying VND 161bil FPT
remained in second top position.
A majority was contributed by Orchid Fund. To Nov
30, this fund purchased an additional 2.55 mil
shares, raising its holding figure to 17.56mil
8.13% FPT shares. From Nov 04, 2011 to Jan 04,
2012, it registered buying 6.38 mil.
MBB Military Bank grasped attention with 7.9milshares of net buying valuing VND 107bil.
The trend was favored by others such as KDC
(1.48mil units VDN 49.2bil), REE (3.7mil units
41.7bil), PNJ (1mil 36.8bil), DHG, CLG
On Dec 02, FTSE Vietnam ETF replaced ITC with
PNJ in its index basket, signaling the possibility of
its purchase PNJ in following sessions.
CLG CotecLand gained attention when Tama
Global Investment purchased 2mil of its shares to
become big shareholder with 20% equity holding.
Net selling was remarked with STB of over 13mil
units, VND 199bil. 100mil treasury stocks were
registered to be bought by this entity.
Following is HAG (3.1mil units 3.7bil), CTG
(2.5mil55.7bil), ITA, NTL
Thai Hoa group (THV) succeeded in selling USD
15mil shares to Haverstock Master Fund in terms
of dealing among big shareholders..
The most significant out floor trading is Carlberg
purchased 50% Huda Beers share which raised
its holding rate to 100%.
Top 10 net buying Top 10 net selling
Code
Volume(thousand
units) Value (VND bil) Code
Volume(thousand
units) Value (VND bil)
VIC 2304 212 STB -13045 -199
FPT 3265 161 HAG -3102 -74
MBB 7890 107 CTG -2509 -56
KDC 1481 49 ITA -4967 -39
REE 3685 42 NTL -1342 -24
PNJ 1041 37 PVF -2327 -24
DHG 340 22 PPC -2803 -19
MSN 161 22 SJS -1123 -19
CLG 1928 19 SSI -1043 -17
VCB 691 17 BVH -246 -15
http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./http://thai%20hoa%20group%20%28thv%29%20succeeded%20in%20selling%20usd%2015mil%20shares%20to%20haverstock%20master%20fund%20in%20terms%20of%20dealing%20among%20big%20shareholders./ -
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STOCK MARKET
Enterprise news
In harsh competiton, restructuring is favored.
SHC announced its Shareholders meetings
resolution of asset restructuring as it will sellassets with low or non profitability. Due to its 2
consecutive years of losses, this is essential step
to take.
Despite announcing its restructuring plan, SBS
continuously closed branches and changed staff.
TLS is going to liquidate assets of low
profitability together with staff change in order to
push non profitable asset value to 0.
Previously, on the way to get in top 5 biggest
paint brands in Viet Nam, ALP announced its
plan to restructure the entire group in terms of
acquisition. VOS, VFR set up plans for ship
liquidation.
Market price falling, enterprised gained
unexpected high dividends
Tan Mai wood, Sai Gon shoes announced their
dividend payments. Though 20 25% is quite
normal, these figures startled investors with
intervention of market price. As market price
went down, temporary dividend hit 48.65% and
44.44% despite public figure at 18% and 20% of
Sai Gon footwear (SSF) and Tan Mai wood
respectively.
Stocks got ignored
Statistics showed that 30 day average tradingvolume stayed below 0.1% total current listed
amount was observed with 400 enterprises.
SQC, NVB, RIC, IFS, STG, COM, SPP, TMS,
TMP, POM remained lowest liquidity as only
0.003% total listed amount was made at average
30 trading sessions.
Capital shortage pushed treasury stocks to
lower levels
Half a year since peak purchase period oftreasury stocks, market still finds itself stuck in
the bottom. Many enterprises registered selling
at lower than purchasing level within 35-65% for
fear of capital shortage next year specifically
SHN, NDN, SDH, FBT.
Other news
PVA: 92.42% of capital increase issuance
remained. PVX, PVC IDICO were unable todistribute 20mil shares.
ORS held unusual shareholders meeting for
approval of dismissal of managing boards
membership of Huynh Thi Huyen Nhu due to
fraud conviction; Ms Trieu Thi Huong Giang due
to charges on not being aware of her being
selected into Managing board. Also, listing
cancellation was agreed.
Regular violation in payment responsibility
towards stock trading and overdue for payment
support fund as committed made SME be
suspended from depository activities by VSD.
TAS received warnings from VSD due to its
unability in stocks trading payment.
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REAL ESTATE
Market news
Without great discounts, apartments
received little attention: In Ha Noi, there have
been transparent expectations towards falls in
land and especially apartment price. In HCM,
sell-offs by PV Landmark and An Tien projects
negatively spread impacts on others with higher
quotes. According to specialists, to the end of
year, sell offs will be likely to dominate once
enterprises lose control over interest. Even if
there are bankruptcies, banks will be of no
hesitation for collateral sell-offs.
PVL failed with sell offs: In first session on
Nov 08, PVL changed day to later and
regulations as well. The next one with 7 profiles
remarked 1 cancellation. Finally, 2 clients wonthe bid at VND 16.5mil/m2 and 4 at VND
16.8mil/m2.
Concerns on Parkcity, Geleximco
uncertified with land use rights (LUR) due to
tax liabilities: According to Ha Dong tax
agency, Vietnam international urban
development company investor of Le Trong
Tan new urban area (Parkcity), Ha Noi general
import export company (Geleximco), Nam
Cuong trading service company were noted
with highest tax liabilities of VND 152bil, 100bil
and 69bil respectively. They are 3/58 projects
with biggest fines for delays in tax payments in
Ha Dong. In case of not completing tax
liabilities, LURs will not be certified which would
negatively impact customers and investors as
well.
Geleximco, Van Canh experienced highest
fall in price: According to recent surveys,
within 2 weeks Van Canh slid VND 5-7mil/m2
with current offers at VND 42mil/m2 of small
area in big streets and 38mil/m2 of big area. In
case of Geleximco project, adjacent A area was
being offered at VND 68-70mil/m2, significantly
falling from peak market level of VND
100mil/m2
. In C area, offered price of adjacentapartments stayed around VND 40-42mil/m2 for
big street and 38mil/m2 for small ones.
Policies
Loosening credit limits for real estate
categories: On 11/14/2011, SBV issued
dispatch no 8844/NHNN-CSTT on loosening
credit limits for projects, purchase, rent, build orrepair low income houses, loans on house
purchase granted from salaries, works with
completing period before 01/01/2012.
There will be solutions in rebounding
securities, real estate: As stated by Prime
Minister Nguyen Tan Dung amid queries in
Parliament meeting on 11/25, in macrostabilizing package, there will be portions for
recovering securities, real estate and not
enabling big difference between domestic and
global gold price. In 2012, a tight fiscal policy is
to be executed, ensuring budget overspending
at below 4.8% GDP, remaining a safe public
debt ratio, improving trade balance, reducing
net import and raising foreign currency
reserves.
Market this month remained quiet with few trades and low liquidity, especially in Ha Noi ground
land sector. Medium price apartments are in their balance with real demand.
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Reducing 50% land tax for certain economic
institutions: In 2011 and 2012, land tax for
several entities will be reduced by 50%. These
include manufacturing enterprises, ones with
annual payment for land hire who had to define
their base towards government regulations oncollecting fees for land hire and ground including:
entities have to redefine land hire price in new
stabilizing period; entities ending exempting
period have to define their payment levels;
entities using land before 03/01/2012 are under
temporary payments and have to define official
payable levels from 03/01/2011.
Propose to keep ceiling land price in Ha Noi in
2012 at VND 86mil/m2: In submitting dispatch to
HDND by People of Committee, land price in
2012 is based on frame by Government and
remains stable as in 2011. There are only
changes for certain paths, locations, newly
formed urban areas with advantageous location
and general planned area for urban development.
Accordingly, after being approved, land price listwill be announced in Dec and valid from 2012.
No change in Ho Chi Minh land price in 2012:
According to People of Committee, this is to
stabilize real estate market. Natural resource
department was required to complete land price
2012 dispatch to be approved in the upcoming
meeting of HDND. Thus, this records third
consecutive year with no change in annual land
price quotes.
Hiring level of urban land will rise by 40%: As
stated by Mr Pham Dinh Thi (Deputy director of Tax
department of MoF), from 01/01/2012, Tax law on
use of non agricultural land will validate replacing
current law on land tax. Accordingly, tax for area
within limit is 0.03%, exceeding limit portions will notbe bigger than 3 times limit at 0.07%, 3 time limit
exceeding area is 0.15%. As calculated by Ministry of
Finance, approximately 17mil units will be under
control of this new law. For certain urban areas,
especially in Ha Noi and HCM, land use right tax will
be raised by 40% against current amount.
Enterprise operations
Vingroup sold tower B Vincom Ha Noi to
Techcombank: Vingroup would transfer tower B
(office area) of Vincom Center Ha Noi at 191 Ba
Trieu to Techcombank Viet Nam simultaneously with
moving all its offices in Ha Noi to Vincom Village in
Sai Dong Long Bien in January 2012. Therefore,
Techcombank will make 15 floors of this tower its
main office.
Introducing Railway real estate company: Railway
real estate company (Rail way Land) held its opening
ceremony and announced chartered capital at over
VND 50bil (36% attributed by General rail way
company) and planned to raise total amount to VND
200bil within 2011 -2012.
Signing contract on Management of Melia Da
Nang hotel: On 11/18, at Melia Ha Noi, ceremony
for signing contract on management of Melia Da
Nang hotel between Vistar and Melia hotels group
International global leading group in hotel
management was held.
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REAL ESTATE
CEO VinaCapital left Vinalands managing
board: As announcement by Vinaland to its
investors, from 11/11/2011, Mr Don Lam and
Robert Gordon will no longer be members ofManaging board. In replace, Mr Michel
Casselman, Stanley Chou and Charles Isaac to
become 3 new independent non executive
members which keeps total number of Vinalands
managing board at 7 members.
CBRE and Nam Long signed strategic
consultancy contract: CBRE Viet Nam and Nam
Long investment joint stock company announced
their agreement on strategic coordination towards
Ben Luc new urban area of 355 ha in Long An.
Accordingly, CBRE will supply strategic
consultancy for retail section. The project also
includes houses and universities beside other
services and conveniences.
Nam Viet withdrew from real estate project:
On a freezing market, Nam Viet decided to
cease its Hiep Binh Phuoc villa project and
negotiated with investors to collect its previouslyattributed amount. According to its Managing
boards policy, 7 members agreed to authorize
Chairman of the board to execute negotiation.
Results will be announced on arrival and
opinions by other members in dealing with
collected amount will be collected in documents.
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1. Overview
Appendix 1: Security market data in Nov, 2011
Market scale HOSE HNX Upcom
Index380.7 (-
9.5%)60.5(-
13.9%)31.9
(3.9%)
- excluding BVH, VIC, MSN,VNM 224.6
Total listed enterprises 304 393 131
- newly in Nov 3 0 3
Capitalization (VND bil) 528,329 85,416 21,636
% owned by foreign investors 14.7% 9.1% 1.9%
P/E 9.12 7.78 _
P/B 2.11 1.15 _
- excluding BVH, VIC, MSN, VNM
P/E 7.25 _ _
P/B 1.56 _ _
(*) Data updated to 31/10/2011
Stock, money supply and demand in 11 months
Dividends paid in cash (VND bil) 27.227
- in Nov 1.003
Gains on issuance to increase capital (VND bil) 13.712
- in Nov 5.559
Number of new shares after additional issuance 2.813.547.171
- in Nov 1.011.600.622
SectorChanges (+/-
%)P/E P/B
Roomleft
Caprate
Technolody -7,7% 8,2 1,4 57,4% 2,4%
Industry -6,8% 6,2 0,7 84,8% 7,7%
Oil -9,9% 5,5 1,1 54,1% 1,9%
Public service -9,0% 8,8 0,7 79,3% 1,6%
Consumptionservice -3,2% 13,3 1,8 84,0% 3,4%Consumptiongoods -2,2% 11,2 2,4 59,6% 23,4%
Finance -3,5% 9,7 2,7 58,6% 51,5%Fundamentalmaterials -15,4% 4,8 1,2 69,4% 5,9%
Health -9,2% 7,2 2,0 37,4% 1,2%
Both Vn Index and HNX Index
deeply fell by 9.5% and 13.9%
respectively.
Excluding BVH, MSN, VIC and VNM,
Vn-Index at 11/30/2011 stayed at 224.6,
P/B and P/E on HOSE hit 1.56 and 7.25.
The general downward trend was
easily observed with falls in almost
sectors. Strongest decreases
remarked with Fundamental
materials (-15.4%), Oil (-9.9%) and
Public service (-9%)
Health sector recorded highest
foreign holding portions with 37% of
room left. Others sectors grasped
foreign attention are Oil and
Technology with 54.1% and 57.4%
of room left
Total dividends paid in cash in 11 months
reached VND 27.2 thousand bil. Gains via
share issues hit VND 13.7 thousand bil.
Regarding 730mil MB shares and bluechips
issuance to raise capital such as CTG, EIB,
VNM, VCG, total supply figure in 11months hit 5bil units.
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2. Stock price data
In Nov, HOSE
Code % rise
Averagemonthlytrading
volume
Code % fall
Averagemonthlytrading
volumeCYC 47.6% 111 PTC -60.0% 224,114
LGC 27.9% 27 KSH -45.8% 6,308
CLG 24.4% 141,937 KSA -45.3% 72,956
CMT 17.6% 18,682 PAC -42.5% 6,648
HTL 11.4% 2 BGM -41.4% 202,639
VNS 11.1% 3,895 HQC -37.1% 962,050
SRF 9.5% 4,785 SJS -36.8% 190,453
NSC 9.1% 6,869 VKP -35.7% 33,117
ST8 8.7% 214 AGR -34.7% 20,182
VNM 8.1% 59,046 VES -34.4% 14,187
In Nove, HNX
Code % rise
Averagemonthlytradingvolume
Code % fall
Averagemonthlytradingvolume
VXB 48.8% 55 SME -56.4% 149,082
FLC 35.7% 317,827 LCD -54.6% 282
SGC 31.4% 632 NHA -44.4% 3,618
HCT 26.0% 23 APG -44.2% 14,864
DNP 25.6% 36,918 OCH -42.1% 51,005
ARM 24.4% 255 PXA -38.5% 17,659
CT6 21.7% 1,336 HHL -36.6% 8,659LM7 20.0% 332 CCM -35.5% 14,073
SVI 19.7% 4,927 SDU -35.1% 8,505
NPS 16.5% 2,505 SKS -34.1% 4,745
Top rise/fall on HOSE
11 months, 2011
Code % rise Code % fall
VPL 80.1% SBS -87.3%VTF 63.4% VES -85.1%
VNM 62.0% VKP -83.0%
MSN 58.7% KSA -82.9%
GIL 40.7% HQC -82.9%
MCP 40.6% NVT -79.1%
AGD 39.3% VSG -75.7%
MKP 35.6% CAD -74.4%
APC 27.0% PPI -73.8%
DHG 24.1% SJS -73.0%
Top rise/fall on HNX
11 months, 2011
Code % rise Code % fall
CVN 71.0% SME -86.0%HTB 62.7% SDU -83.8%
CTB 34.2% V11 -80.8%
PTM 32.2% SSS -80.0%
ARM 31.5% KTT -79.3%
DHT 30.4% VSP -79.2%
RHC 28.3% V15 -78.3%
SJ1 27.5% SDB -78.3%
BXH 27.2% VE1 -77.5%
SVI 22.7% TIG -77.1%
In 11 months, strongest increase was
seen with VPL (81.3%) and the other
side was marked with SBS (87.3%),
both of which are listed on HOSE.
On HOSE, CVN recorded strongest
increase with 71%. The opposite is
SME which also remarked biggest
fall since the beginning of the year.
On HOSE, Chang Yih (CIC) and Lu Gia (LGC)
remained highest increase by 47.6% and 27.9%,
both with low liquidity. Lowest liquidity was recorded
with HTL (Truong Long auto JSC) - only 2
shares/session.
Noticeably, if being second in top net selling the
previous month, LGC stayed as second in top net
buying this month.
Strongest decrease was seen with PTC CTCP Dau
tu va xay dung buu dien at 60%. Others were
mainly in Mineral category (KSH, KSA, BGM) and
real estate (HQC, SJS).
Strongest increase both on HNX and the whole
market is 50% by VXB (Ben Tre constructing
materials). The second is 35.7% by FLC of FLC
group which was recorded with an average trading
volume of 300 thousand units/session.
Stronges increase is SME of SME security
company with 56.4%. This is also recognized with
lowest market value (closing 11/30 at VND
1,700/share).
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3. Foreign trading scale
11 month strongest net selling/buying (VND bil)
Code FloorNet
buyingCode Floor
Netselling
VNM HSX 943.4 VIC HSX -1,481.6
FPT HSX 682.1 STB HSX -339.7
CTG HSX 648.4 HAG HSX -214.4KDC HSX 399.4 CTD HSX -214.1
VCB HSX 321.4 CII HSX -116.7
PVD HSX 249.2 TTP HSX -84.1
ITC HSX 158.0 HVG HSX -65.9
VCG HNX 148.4 ITA HSX -52.1
PNJ HSX 142.1 VPL HSX -49.4
MSN HSX 137.6 HSG HSX -43.4
SSI HSX 125.7 SAM HSX -37.8
PVS HNX 120.0 NTL HSX -37.8
BVH HSX 116.3 PPC HSX -37.5
REE HSX 116.0 SSC HSX -35.8
MBB HSX 106.7 TDH HSX -34.2
(*) unit: VND bil
Strongest net buying was recognized with VIC (VND
212bil), FPT (161) and MBB (107). On the opposite, STB
grasped most attention with VND 200bil in Nov.
In 4 years since 2008, net buying value of Nov has always
remained lowest.
Highest values in 11 months are VNM (VND 943.4bil),
FPT (692.1) and CTG (648).
Regarding net selling, with a total net value of VND 340bil
in 11 months, STB took second highest position and let
VIC lead the top with VND 1,482bil despite its net buying
of VND 212 in Nov.
VNIndex HNXindex
Trading volume and value (Blue: index value, red: trading volume)
In Nov, a net buying of VND 135.4bil on HOSE and selling of
27.2 on HNX were recorded.
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Economic Financial report in 11/2011
No Name Investor Total
invest
ment
Area Location Progress Description
1 Ben Thanh
Ho Tram
tourism
area
Ben Thanh
Group
USD
30mil
16 ha Phuoc Thuan
Xuyen Moc Ba
Ria Vung Tau
province
Commencing on
11/2011,
completion is on
quarter IV-2013
and into trading
period I
The project is divided into 6 divisions with various resort
types: garden villas, apartments, multi functional hotels
for relaxation, entertainments, food as well as events,
meetings, studies.
2 Full House Green Oasis 9.6 ha Full house eco park is located on a 9.6ha area, in
which, 5.5ha is for period I .
3 The Empire Thanh Do Group VND
10,000
51.5 ha Truong Sa street,
Hoa Hai ward, Ngu
Hanh Son district,
Da Nang city
Under ground
construction.
Planned
completion is on
2018.
The project is divided into 2 divisions: Q1 faces seasidein Truong Sa street with 30ha including seaside villas,hotels, apartments, Q2 of 21.5ha includes streethouses, villas, hotels,
Commencement was on 07/24/2011, at present
infrastructure construction was being progressed. As
planned, in quarter 2/2012, streets for walking, street
houses and Q2s infrastructure will be completed; inquarter 2/2014 Q1s villas and fundamental structure of
Q2s villas, quarter 4/2016 hotel area and complex
buildings.
4 Phuoc An
urban area
HUD group VND
6,000
150 ha Nhon Trach, Dong
Nai
Under construction The project is located on both sides of main traffic axis
of new city Nhon Trach, front side of street 1 with 53m,
close to Administrative center, 25km away from HCM
Appendix 2: Outstanding real estate projects
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through 25C. House area is 66ha in which there are 512
single villas, 836 duplex villas, 1000 adjacent villas.
Construction scale stays at 44%.
5 Ben Thanh
tower
Bitexco N/A 8,600m2 Le Thi Hong Gam Commencement
on 2012.
The project is located on 8,600m2, constructing are is
180.000m2 including 2 towers joined by foundation and
located far from each other. In which, western tower is
of 55 floors including offices for lease in lower part and
hotels. Easter tower is of 48 hotels including luxury
apartment for lease and services in hotels area.
6 Thai SonApartment
Thai Songeneral
company
VND1,000bil
20,000
m220 Cong HoaHCM
Undercommencement
The project includes two 15 floor buildings and 1 are fortrade, culture and sport with an area of 100,000m2.
7 The
Eastern
Hung Viet
limited and
KRDF03
VND
210bil
District 9, HCM Under
construction.
Planned
completion is in
2013.
The building is of 22 floors with an area of 87,000m 2, on
completion there will be 648 apartments with 56-112m2
each with various convenience such as swimming pool,
gym centre and tennis court; meeting demand of
medium segmentation.
8 Phuc Long
urban area
Green land 55,536.5
m2
Under construction Total area 55,536.85m2 with 474 grounds including
adjacent street houses averaging 110m2. Besides, there
is 1 green park of 2,500m2 and public service area as
well as primary school.
9 Skyview
Tran Thai
Tong
Phu My An
limited
N/A 3,203 m2 Cau Giay, Ha Noi
urban area
Commencement
on 11/01/2011
The building is located on 3,203m2 with 21 floors, 3
basement floors which include 6 for trading centers,
offices, 14 for luxury apartments and penthouse floor.
10 Ocean
Views
Taseco Hoang Sa street,
Phuoc My ward,
Son Tra district, Da
Completed
foundation, under
The building is of 21 floors, 1 basement floor and 1 roof
sited floor, constructed under 4 star standard. Floor 1
includes receptionist area, waiting hall and luxury bar;
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Apartment Nang. finish of basement. floor 2 includes food area and also luxury meeting halls;
floor 3 and 4 includes rooms; floor 5 to 21 includes hotel
apartments.
11 The Costa
Nha Trang
TD joint stock
company
USD
147mil
Tran Phu, Nha
Trang
Completed crude
construction
The project includes 14 Sky villa apartments, 8 with 4
bedrooms of 362m2, 18 with 3 bedrooms of 224-249m2,
78 with 2 bedrooms of 134-162m2 and 124 with 1
bedroom and studio form 58-120m2. Average price was
listed at VND 44-60mil/m2
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No Age Hometown Current occupation PosessionTotal value (VND
bil)
1 Pham Nhat Vuong 43 Ha Tinh VIC: Member of director boad - VIC: 153,232,047shares- VPL: 19,800,000 shares
14,952
2 Dang Thanh Tam 47 Ho Chi Minh - KBC: chairman of director board, CEO- SGT: Member of director board- NVB: Member of director board
- SQC: 60,000,000 shares
- KBC: 101,250,000
shares
- ITA: 18,663,120 shares
- SGT: 17,530,370 shares
6,983
3 Doan Nguyen Duc 48 Binh Dinh - HAG: Chairman of director board - HAG: 222,987,226shares
5,129
4 Pham Thu Huong _ __ - Mr Pham Nhat Vuong's wife - VIC: 17,545,444 shares- VPL: 14,943,689 shares
2,701
5 Nguyen Hoang Yen 48 Ha Nam Ninh - MSN: Member of d irector board - MSN: 21,779,528shares
2,548
6 Ho Hung Anh 41 Thua Thien Hue - Techcombank: Chairman of directorboard- MSN: Deputy Chairman of director board
- MSN: 21,768,269
shares2,313
7 Pham Thuy Hang 37 Ha Tay - VIC: Member of director board - VIC: 19,291,212 shares 1,688
8 Nguyen Thuy Hoa _ __ Big shareholder - VIC: 18,303,057 shares 1,602
9 Tran Dinh Long 50 Hai Duong - HPG: Chairman of director board - HPG: 76,560,000 shares 1,470
10 Nguyen Van Dat 41 Quang Ngai - PDR: Chairman of di rector board & CEO - PDR: 76,800,000 shares 1,413
11 Nguyen Thi Kim Xuan _ __ Big shareholder - KBC: 43,432,647 shares- SQC: 6,900,000 shares- SGT: 7,452,178 shares
1,165
12 Pham Khac Phuong _ __ Big shareholder - VIC: 12,235,433 shares 1,071
13 Nguyen Thi Nhu Loan 51 Phu Yen - QCG: Chairman of director board & CEO - QCG: 60,814,649shares
911
14 Ha Van Tham 39 Bac Giang - OGC, OCH: Chairman of director board - OGC: 86,997,500shares
783
15 Truong Thi Le Khanh 50 An Giang - VHC: Chairman of director boar d & CEO - VHC: 23,371,868 shares 771
TOP 100 richest people on stock market updated to 12/02/2011
Name
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16 Truong Gia Binh 55 Da Nang - FPT: Chairman of director board- FTC: Member of di rector board - FPT: 15,634,856 shares 771
17 Dang Ngoc Lan _ __ - Mr Nguyen Duc Kien's wife - ACB: 38,512,975 shares 759
18 Nguyen Son _ __ Big shareholder - SQC: 7,523,100 shares 695
19 Nguyen Duc Kien 47 Ha Bac - ACB: Deputy chairman of Founding board - ACB: 35,167,245 shar es 693
20 Le Thi My Ngoc _ __ Big shareholder - NHN: 16,000,000shares
688
21 Dang Thi Hoang Phuong 42 Hai Phong - SQC: Chairman of director board, CEO.-KBC: Member of director board - SQC: 4,670,000 shares- KBC: 21,937,500 shares 666
22 Phan Quang Dang _ __ Big shareholder - NHN: 14,000,000shares
602
23 Phung Thi Chat _ __ Big shareholder - NHN: 14,000,000shares
602
24 Hoang Quoc Lam _ __ Big shareholder - NHN: 14,000,000shares
602
25 Dang Van Thanh 51 China - STB: Chairman of director board - STB: 42,699,482 shares 594
26 Dang Hong Anh 31 China - SCR: Chairman of director board, CEO- STB: Member of director board
- STB: 37,146,967 shares
- SCR: 8,927,134 shares587
27 Tran Hung Huy 33 Tien Giang - ACB: Member of director board &Deputy CEO - ACB: 28,749,054 shares 566
28 Ly Dien Son 45 Vinh Long - KDH: Chairman of director boar d & CEO - KDH: 22,013,408 shares 539
29 Hoang Vinh Tuong _ __ Big shareholder - NHN: 12,000,000shares
516
30 Chang Hen Jui _ __ - Mrs Huynh Que Ha's husband - STB: 35,273,354 shares 490
31 Nguyen Thi Huong Lan _ __ - VIC: Member of director board (resignedon 10/10/2008)
- VPL: 6,120,000 shares 477
32 Nguyen Duy Hung 49 Thanh Hoa - SSI: Chairman of director board - SSI: 28,705,036 shares 474
33 Tran Kim Thanh 51 China - KDC, TRI: Chairman of director board- TLG: Deputy Chairman of director board - KDC: 14,507,302 shares- TLG: 200,000 shares 455
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34 Vu Thi Hien _ __ - Mr Tran Dinh Long's wife - HPG: 23,448,600 shares 450
35 Duong Ngoc Minh 55 HCM- HVG: Chairman of director board, CEO
-VTF: Chairman of director board
-AGF: Member of director board- HVG: 21,018,800
shares446
36 Nguyen Thi Lan Anh _ __ Big shareholder - NHN: 10,000,000shares 430
37 Bui Quang Ngoc 55 Hai Hung- FPT: Deputy Chairman of director board
- FIS: Member of director board
- FTC: Member of director board- FPT: 8,087,163 shares 399
38 Chu Thi Binh 47 __ - MPC: Deputy CEO, Member of directorboard - MPC: 17,475,010shares
369
39 Nguyen Thanh Nghia 48 Binh Dinh - DTL: Chairman of director board, CEO - DTL: 18,769,727 shares- ABT: 1,548,892 shares
359
40 Nguyen Thi Dieu Hien _ __ - Mr Nguyen Van Dat's wife - PDR: 19,200,000 shares 353
41 Le Phuoc Vu 48 Quang Nam - HSG: Chairman of director board - HSG: 39,024,152 shares 351
42 Bui Phap 49 Binh Dinh - DLG: Chairman of director board- DL1 : Member of director board
- DLG: 17,558,200 shares 338
43 Le Van Quang 53 __ - MPC: Chairman of director board & CEO - MPC: 15,961,000shares
337
44 Tran Mong Hung 58 Tien Giang - ACB: Chairman of Founding board\ - ACB: 16,523,855 shares 326
45 Tran Le Nguyen 43 China - KDC: Deputy Chairman of director board,CEO
- KDC: 9,631,085 shares
- TLG: 344,910 shares305
46 Dao Huu Hoang _ __ - SPM: Chairman of director board - SPM: 5,365,830 shares 284
47 Tran Thi Thu Diep _ __ Big shareholder - HPG: 14,706,000 shares 282
48 Dang Thi Hoang Ye 52 HCM - ITA: Chairman of director board - ITA: 38,013,140 shares 277
49 Nguyen Hong Nam 44 Thanh Hoa - SSI: Member of director board & DeputyCEO
- SSI: 15,687,968 shares 259
50 Doan Toi 57 Thanh Hoa - ANV: Chairman of director board & CEO - ANV: 29,950,000shares
246
51 Cao Thi Ngoc Dung 54 __ - PNJ: Chairman of Director board and CEO - PNJ: 6,088,920 shares 216
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52 Huynh Que Ha 42 China - STB: Deputy Chairman of director board - STB: 14,630,774 shares 203
53 Le Van Huong 35 Quang Ninh - JVC: Chairman of di rector board & CEO - JVC: 13,310,000 shares 202
54 Hoang Minh Chau 53 Nam Dinh - FPT: Deputy Chairman of director board - FPT: 4,000,000 shares 197
55 Le Ngoc Anh _ __ - Mr Pham Phuc Toai's wife - HLG: 15,417,675 shares 196
56 Nguyen Thanh Nam 50 Quang Nam - FPT: Member of di rector board - FPT: 3,653,585 shares 180
57 Ha Hoai Nam 39 Ha Noi - KLS: Chairman of director board - KLS: 17,167,680 shares 177
58 Nguyen Thieu Quang _ __ - Mr Nguyen Thieu Nam's brother - MSN: 1,496,490 shares 175
59 Truong Thi Thanh Nhan 60 Da Nag - FPT: Deputy Chairman of director board - FPT: 3,480,738 shares 172
60 Nguyen Thuy Huong _ __ - Mr Nguyen Duc Kien's sister - ACB: 8,699,750 shares 171
61 Nguyen Thuy Lan _ __ - Mr Nguyen Duc Kien's sister - ACB: 8,699,750 shares 171
62 Nguyen Tuan Hai _ __ - ALP: Chairman of director board, CEO- AME: Member of director board
- ALP: 21,928,149 shares 171
63 Phan Ngo Tong Hung _ __ - FPT: Deputy Chairman of director board - FPT: 3,383,332 shares 167
64 Nguyen Manh Tuan 49 Ha Noi - HPG:Deputy Chairman of director board - HPG: 8,400,000 shares 161
65 Tran Tuan Duong 48 Nam Dinh - HPG: Deputy Chairman of director board,CEO - HPG: 8,400,000 shares 161
66 Pham Van Khuong 52 Ha Noi - VIC: Member of director board & DeputyCEO- PFV : CEO
- VIC:1,832,523 shares 160
67 Do Cao Bao 54 Thai Binh - FPT: Chairman of director board- FIS : Member of director board
- FPT: 3,123,198cp 154
68 Tran Phu My _ __ - Mr Tran Mong Hung's sister - ACB:7,433,290 shares 146
69 Nguyen Hoang Minh _ __ - KAC: Chairman of director board & CEO - KAC: 10,279,400cp 145
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70 Pham Phuc Toai 55 Dong Thap - HLG: Chairman of direct or board & CEO - HLG: 11,111,307 shares 141
71 Le Thi Diu Minh _ __ Big shareholder - MPC:6,600,000 shares 139
72 Mai Kieu Lien 58 Can Tho - VNM: Chairman of direct or board & CEO - VNM:1,510,320 shares 138
73 Luong Tri Thin _ __ - DXG: Chairman of director board & CEO - DXG:13,245,375 shares 138
74 Nguyen Quang Hien 49 Ha Noi - SHB: Chairman of director board - SHB:21,007,443 shares 137
75 Nguyen Sy Thang _ __ - PGS: Chairman of director board - PGS:5,439,800 shares 128
76 Le Quang Tien 53 Thanh Ha - FPT:Deputy Chairman of director board - FPT:2,489,985 shares 123
77 Doan Gia Cuong 48 Ha Noi - HPG:Deputy Chairman of director board - HPG:6,300,000 shares 121
78 Nguyen Ngoc Quang 51 Ha Noi - HPG: Member of director board - HPG:6,300,000 shares 121
79 Nguyen Thi Bich Lien 47 Nam Dinh - DTL:Deputy Chairman of director board - DTL:7,181,775 shares 116
80 Dang Phuoc Thanh 54 Dong Thap - VNS: Chairman of director board - VNS:6,150,000 shares 111
81 Huynh Bich Ngoc 49 Vietnam- SBT : Chairman of director board
- SCR : deputy Chairman of director board
- BHS: Member of director board
- STB: 60,000,000 shares
- SCR: 21,800 shares
- BHS: 676,362 shares109
82 Nguyen Nhu Khanh _ __ Big shareholder - SBS:25,000,000 shares 108
83 Nguyen Thanh Loan _ __ - Mr Nguyen Thanh Nghia's daughter - DTL:6,635,708 shares 107
84 Doan Nguyen Thu 34 Gia Lai - HAG: Member of director board &deputy CEO
- HAG: 4,543,781 shares 105
85 Vuong Ngoc Xiem 49 China - KDC: Member of director board & deputyCEO - KDC: 3,297,441 shares- NKD: 829,669 shares
103
86 Nguyen Van An 55 Nghe An - THV: Chairman of director board, CEO- AGC: Chairman of director board
- THV: 23,887,500 shares 103
87 Pham Tan Huy Bang 50 Ha Noi - KLS: Member of director board - KLS:9,781,600 shares 101
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88 Pham Thi Nhat Thanh _ __ Big shareholder - SBS:23,130,000 shares 99
89 Nguyen Ngoc Hai _ __ - Mr Nguyen Thai Binh's father - STB:7,144,560 shares 99
90 Nguyen Trong Thong 58 Ha Tinh - HDG: Chairman of director board - HDG:7,065,018 shares 94
91 Tran Uyen Nhan 35 China - NKG: Member of d irector board - HLA: 700,000 shares- NKG: 6,409,000 shares
94
92 Do Thi Kim Ngoc _ __ Big shareholder - POM:8,728,615 shares 93
93 Chau Kin Hang Kelvin 48 China - SQC: deputy CEO - SQC:1,100,000 shares 92
94 Nguyen Van Tuan 47 Quang Ngai - PDR: Member of director board - PDR:5,000,000 shares 92
95 Pham Thi Tuyet Mai _ __ - Mr Pham Van Khuong's wife - VIC:1,045,906 shares 92
96 Nguyen Manh Hung _ __ - Mr Nguyen Hong Nam's brother - SSI:5,433,680 shares 90
97 Tran Van Ngoc _ __ Big shareholder - STB:7,368,298 shares 89
98 Vo Thi Thanh _ __ - GTT: Chairman of director board - GTT: 15,093,000 shares 89
99 Vo Huu Chinh 57 Thai Binh - VOS: Chairman of director board- DXP : Chairman of director board
- VOS:22,417,700 shares 87
100 Vo Du Ngoc Tan 39 Ba Ria - Vung Tau - NBB: Member of director board - NBB: 1,800,000 shares 86
(*) Data updated to 12/2/2011
Disclaimer: The information herein is collected and edited by CafeF from public sources believed to be reliable, proved to be valuable for investors. However, we take no charge in any risk
exposed to investors on using this report.
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