Vietnam Share Discussion Threads

[don muang] 10/11/2006 16:27

a 'sampler' of one of the main articles in this weeks Money Week:

Vietnam - Asia's leading tiger economy
When George Bush arrives in Vietnam next week for this year's meeting of the Asia-Pacific Economic Cooperation, he may find himself wishing he could transfer some of Hanoi's economic vibrancy back home...

[don muang] 10/11/2006 12:21

Interesting ... both VNH and VOF have isued their Octobrt NAV statement today.
VNH are presently at a premium of about 4%, whilst VOF are at a premium of about 25%.

[don muang] 10/11/2006 12:19

Net Asset Value(s)

RNS Number:8718L
VietNam Holding Limited
10 November 2006
VietNam Holding Limited

VietNam Holding Limited (AIM: VNH) announces that as at close of business on 31
October 2006, its unaudited net asset value per share was US$ 1.942.

10 November 2006


This information is provided by RNS
The company news service from the London Stock Exchange

[don muang] 08/11/2006 10:32

Vietnam's 2006 exports to US may hit $9 bln, AIA forecasts

Vietnamese exports to the US are forecast to hit US$9 billion this year, up 36 percent over last year, according to the American Importers Association (AIA).
Phillip.W.Byrd, director of AIA attributed the rise in the country's shipments to the US this year to high consumer confidence in the US, and improved marketing by Vietnamese firms.

All sectors are showing signs of an upsurge, with Vietnamese exporters in furniture, leather products, apparel and accessories, textiles and fabrics and food sectors set to see great potential for exports to the US to grow in 2006 and into 2007.

A recent survey of 1,000 US importers by AIA showed that 79 percent had a positive opinion of Vietnamese products and would be willing to buy Vietnam-made items.

The 79 percent positive opinion was thanks to new trade agreements and to the increased awareness of US importers to products available from Vietnam, according to the AIA director.

Vietnam reaped US$5.5 billion from exports to the US in the first eight months of this year, an increase of 32 percent from 2005.

Last year the country shipped $6.6 billion worth of goods to the US market, up 25 percent from 2004.

On the occasion of the Asia Pacific Economic Cooperation (APEC) economic leaders' meeting in Hanoi on Nov 18-19, the AIA is set to have a meeting on how to seek and successfully market goods to US importers with local companies on November 13 in southern Ho Chi Minh City.

The meeting is organized by VietAsia Co., Ltd.

By Ha Viet

Story from Thanh Nien News
Published: 08 November, 2006, 12:04:46 (GMT+7)
Copyright Thanh Nien News

[don muang] 06/11/2006 21:38

On Tuesday, WTO member states are expected to vote in favour of Vietnam's entry, making it the 150th member of the global trade body.

[don muang] 28/10/2006 13:27

Vietnam set for WTO membership

[don muang] 27/9/2006 11:48

VOF announced today that they are going ahead with a placing that's about 20% above the last NAV announcement. Applying a 20% uplift to VNH last NAV gives about $2.32. So present VNH price of $2.05/2.08 seems comparitive good ''value' for a Vietnam 'play'.

[don muang] 22/9/2006 15:23

Interesting to see VNH blue today whist VOF was red. Perhaps the premium difference between the two has started to close

[don muang] 19/9/2006 10:54

So announcement today for nav is that at close of business on 31
July 2006, its unaudited net asset value per share was US$ 1.925.

So for those 'interested' in medium/long term Vietnam play it ffers a much lower premium than VOF.

[don muang] 18/9/2006 18:47

off topic for anyone interested in footy:

Chelsea co-ops with Vietnam's Hoang Anh Gia Lai football

Mr. Doan Nguyen Duc
Representatives from Hoang Anh Gia Lai (HAGL) FC from Vietnam's top-flight V-League will meet English premier league club Chelsea overseas next month to initialize cooperation between the two clubs.

Via intermediary Umbro Corporation – the main sponsor of the English national football team, HAGL recently received word that Chelsea is seeking to establish relations and mutual cooperation, a local newspaper reported Monday.

Under cooperation, Chelsea would lend HAGL two qualified U21 foreign strikers to play in the Vietnam league.

HAGL football club belongs to the privately-owned Hoang Anh Gia Lai Company, with chartered capital of VND326 billion (US$20.4 million) owning total property valued at VND650 billion ($40.75 million).

The company has ten affiliates and over 4000 staff at factories, hotels, resorts, apartment buildings, and the football club.

Doan Nguyen Duc, chairman of the holding company, said total turnover of his company is estimated to reach VND312 billion ($19.6 million) in the second half of this year.

Presently, the company is investing $20 million in neighboring Laos to plant 10,000 hectares of rubber trees, and VND600 billion ($37.6 million) to build luxury apartment zone New Saigon in HCMC's district 7.

HAGL is also building a 25-storey building in Bangkok, Thailand worth $20 million.

Reported by Ngoc Son – Translated by Minh Phat

Story from Thanh Nien News
Published: 18 September, 2006, 12:32:52 (GMT+7)
Copyright Thanh Nien News

[don muang] 05/9/2006 20:43

Vietnam hopes to attract $34 bln FDI by 2010

Vietnam has set itself a foreign direct investment (FDI) target of up to US$34 billion for the 2006-2010 period, with focus on high-tech industries.
Under a draft FDI program for the next five years, the Ministry of Planning and Investment envisages attracting $30-34 billion with $20-24 billion in fresh investment and the rest for expanding existing operations.

It also targets $24 billion to be actually brought in, 55 percent into the industrial sector, 37 percent into the service sector, and 8 percent into the agro-forestry-fisheries sector.

Information technology, electronics, biotechnology, agro-forestry-fisheries processing are on top of the ministry's priority list for licensing.

So far this year it has licensed foreign investments worth over $4 billion, $2.9 billion in new projects and $1.1 to expand existing ones.

Investment in new projects had risen by 3 percent from a year earlier but overall FDI had declined by 3 percent, the ministry said.

Source: MPI, Thanh Nien – Translated by Ha Viet

[don muang] 03/9/2006 12:45

UK bank to begin retail banking services in Vietnam

The UK's Standard Chartered Bank said it will begin retail banking services in Vietnam by the end of this year.
The services would include loans, mortgages, and deposits.

The bank has two branches in Vietnam, in Hanoi and Ho Chi Minh City.

It has funded strategic infrastructure and power projects and contributed to humanitarian projects in Vietnam.

Source: Vietnam News Agency

[hammy davies jnr] 20/8/2006 02:46

LOL!

Don't be a stranger mate.

[don muang] 19/8/2006 22:27

yes.... was thinking of hmmm'ing on TEd but you beat me to it here.....

[don muang] 19/8/2006 17:34

Global manufacturers to low-cost Vietnam

Vietnam is becoming the destination choice for manufacturers from developed countries looking for low-cost production, The Los Angeles Times said Friday.
The government is combining tax breaks, inexpensive land and cheaper labor to attract such investors as Intel Corp.

The big California chipmaker recently rejected China and Thailand for the opportunity to invest $300 million to build a microchip facility near Ho Chi Minh City.

Vietnam's factory wages average $50 to $60 a month, half as much as wages along China's coast.

In fact, Vietnam's incentives have prompted some Chinese manufacturers to leave and move south.

Source: UPI


Story from Thanh Nien News
Published: 19 August, 2006, 13:54:42 (GMT+7)

[don muang] 17/8/2006 07:45

Vietnam shares buoyant, signaling market recovery

Vietnamese stocks rebounded strongly by Wednesday's closing bell as 45 stocks and one mutual fund made gains, with 19 maxing out on the robust day.
The VN-Index rose 15.9 points to 476.24 as the total demand yesterday was 5.69 million shares, up 22.7 percent from Tuesday's session, while supply was 3.91 million, down 39.6 percent.

Nineteen stocks soared by the maximum daily allowable of 5 percent.

According to market watchdogs, the VN-Index has in the past 10 sessions gained 76.44 points, with the stock trade volume in the last three sessions ranging from 2.1 million to 2.9 million shares worth VND116-154 billion ($7.3-9.7 million).

The trading value of 48 corporate stocks and VF1 (Vietnam Investment Fund) Wednesday scaled up VND162.8 billion (US$10 million), VND13 billion ($816,813) higher than on the previous session.

Foreign investors snapped up VND35.5 billion ($2.2 million) worth, including VNM (Vinamilk Corp.), VSH (Vinh Son – Song Hinh Hydroelectricity Joint Stock Company), SAM (Samco), SJS (Hanoi-based Song Da Urban and Industrial Zone Investment and Development Company) and VF1.

They also sold 100, 000 shares including BMP (Binh Minh Plastic Co.), STB (Sacombank), REE (Refrigeration Electrical Engineering Corp.) and AGF (An Giang Fisheries Import & Export Joint Stock Company).

In related news, a PetroVietnam affiliate, Petroleum Technical Services Company (PTSC) plans to launch an initial public offering (IPO) as of this month-end, coming as move to turn into a shareholding concern from the state-run business.

The company is set to auction 37.3 million shares at the northern Hanoi Securities Trading Center on August 28, with the reserve price fixed at VND10,500 per share.

The company will have total registered capital of VND1 trillion ($62.5 million) with the state owning 60 percent, staff 2.7 percent and the outsiders 37.3 percent.

After the public auction, PTSC schemes to expand operations to high-tech services such as operations and maintenance, seismic and geological survey to become a leading provider of comprehensive oil services in the country and the region as well.

It also plans to set up a presence overseas via branches and representative offices, with international operations making up 5 percent to 10 percent of its revenue.

The company expects to obtain this year revenue of VND2.7 trillion ($169 million), down from VND3.3 trillion ($207 million) last year, but the figure is projected to bounce back to VND3 trillion ($188 million) next year and VND3.5 trillion ($220 million) in 2008.

Its after-tax profit is estimated to be VND161 billion ($10.1 million) this year, down from last year's VND166 billion ($10 million) but forecast to jump VND192 billion ($12 million) next year and VND262 billion ($16 million) in 2008.

Source: Thoi bao Kinh te Vietnam – Translated by Ha Viet


Story from Thanh Nien News
Published: 17 August, 2006, 11:13:07 (GMT+7)
Copyright Thanh Nien News

[don muang] 15/8/2006 23:24

WB private sector funding arm eyes bigger role in Vietnam

Mr. Lars Thunell, IFC's executive vice president
The International Finance Corporation (IFC), the World Bank's private sector arm, is set to increase investment in Vietnam soon, a senior official at the agency said Tuesday.
Lars Thunell, IFC's executive vice president, who was speaking to the press in Ho Chi Minh City while on a four-day visit to Vietnam, said priority would be given to promising private firms, adding the IFC was interested in tourism besides finance and infrastructure.

Last year it had invested $50 million in Vietnamese businesses and the figure would be doubled or tripled in the near future, either via direct or indirect channels.

It had invested US$500 million in some 25 Vietnamese companies in the finance, healthcare, education and IT sectors since 1992.

His visit, one of his first foreign working trips since assuming office earlier this year, showed the IFC's strong commitment to the country.

He planned to meet with local and foreign private sector representatives to hear their views on how the IFC could expand its role here, he said.

Established in 1956, the IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world.

Reported by Thanh Xuan – Translated by Ha Viet


Story from Thanh Nien News
Published: 15 August, 2006, 20:21:02 (GMT+7)
Copyright Thanh Nien News

[don muang] 04/8/2006 07:33

Vietnam
Its economy is booming and it is making remarkable advances in
increasing life expectancy and getting rid of poverty

[don muang] 25/7/2006 21:21

With VNH only at 4% premium and future growth prospects then I assume that VNH should at least put in a performance at least equal to the phone service expansion there:


Vietnam land-line phone growth world's highest

The International Telecommunications Union (ITU) reported that the average annual growth in land-line telephone subscriptions in Vietnam over the past five years had reached 44 percent, the world's highest.
The average rate in Asia was 11.9 percent while the worldwide 5.3 percent in the same period, the ITU reported.

Other Asian countries reporting strong growth in subscriptions were South Korea, 25.1 percent, and China, 19.3 percent.

In addition, Vietnam's average annual growth rate for mobile phone subscriptions between 2000 and 2005 was 62.7 percent, compared to 38.4 percent in China, 30.75 in Malaysia, 9.8 percent in Singapore, and 7.4 percent in South Korea.

Source: Vietnam News Agency


Story from Thanh Nien News
Published: 24 July, 2006, 12:34:39 (GMT+7)
Copyright Thanh Nien News

[don muang] 24/7/2006 20:47

Vietnam Holdings Ltd. invests US$112mil in VN. 19/06/2006

VietNamNet - The Vietnam Holdings Limited (VNH), whose shares are being listed on the London Stock Exchange, has decided to invest US$112.5mil in Vietnam.

Under VNH's plan, at least 70 percent of the sum will be invested in shares of equitised enterprises, and the remainder in shares of private and foreign-invested businesses as well as bonds that can be converted to shares.

The VNH intends to invest in consumer and pharmaceutical products, services, electricity and energy (primarily oil and gas), telecommunications, mining, tourism, financial and distribution services, transport, construction and construction materials.

VNH President Min Hwa Hu Kupfer said the VNH was set up with a view to long-term capital accrual by investing in businesses that record high growth potential and show attractive valuation.

The Vietnam Holding Asset Management Company was assigned to manage the VNH's investment capital and operations in Vietnam through its offices in Hanoi and Ho Chi Minh City

(Source: VNA)