FIDES(VIETNAM) Market Statistics 04/1 – 07/1/2022

Market Summary
	Change	Trading Volume	Trading Value	Foreign net buy/sell
	(%)	Average daily trading volume  (mil.shares)	Average daily trading value (mil.USD)	Net trading value (mil.USD)
HSX	2.02%	992.4	1,398.2	(25.16)
VN30	-0.23%	185.5	376.5	(12.79)
HNX	4.19%	124.4	150.2	3.20
Upcom	2.59%	132.5	118.0	3.44

Source :Fiinpro

Sector Performance (HOSE + HNX, %)

Foreign Top buy/sell (HOSE + HNX, mil.USD)

News

Economy- Society

Vietnam stimulus package 2022-2023:

• At the National Assembly meeting on 4 Jan 2022, the Government has proposed a draft resolution on fiscal & monetary measures to support a socioeconomic recovery for 2022-2023. A package with an estimated value of $15.08 million, including: A fiscal package of $12.65 billion, monetary measures of $2 billion and other measures of $435 million. Support package focuses on:
• Reopening the economy in conjunction with strengthening investment in healthcare and disease prevention systems: $2.61 billion.
• Ensuring social welfare and job assistance: $2.3 billion
• Supporting business recovery: $4.78 billion
• Infrastructure development: $4.96 billion
• Administrative reform and investment environment improvement: $435 million. 

The Purchasing Managers’ Index (PMI) of Vietnam

• The Purchasing Managers’ Index (PMI) of Vietnam’s manufacturing industry reached 52.5 points in December, compared with 52.2 in November, showing that business conditions improved for the third consecutive month. Furthermore, the health improvement of the manufacturing sector was the most significant since May.

State budget collection 2022

• According to the report on State budget estimate for 2022 published by the Ministry of Finance: The State budget collection in 2022 is expected to be $61.7 billion. Meanwhile, expenditure is estimated at about $77.59 billion, +4.5% yoy. The State budget deficit for the year 2022 is estimated at $16.21 billion, equivalent to 4% of the GDP.

Environmental tax breaks on jet fuel

• The National Assembly has passed the Resolution reducing the environmental protection tax for jet fuels by 50% in 2022. From 1 January 2022 to 31 December 2022, the tax rate is reduced from 3,000 VND to 1,500 VND per liter, and will be back to the normal rate of 3,000 VND per liter from January 1, 2023.

Company- Sector

PVN (Vietnam Oil & Gas Group)

• PVN announced that oil and gas production in 2021 reached 10.97 million tonnes, exceeding 13% of plan. In which, domestic oil mining reached 9.1 million tonnes, beating 14% of this year plan. Total revenue reached $26.96 million (+28% yoy), fulfilling 126.4% of 2021’s plan. PBT reached $1.96 billion (x2.2 times yoy), fulfilling 260% of 2021’s plan. (Source: PVN)

VIC (Vingroup JSC)

• VIC has approved a plan to issue 8.72 million common shares for conversion to convert nearly 7.42 million preferred shares with the conversion rate of 1.18: 1. The conversion price is 94,381 VND/share. The organization receiving the issued shares is KEB Hana Bank as the trustee of Hanwha Vietnam Opportunity Private Fund 1. Time: Q1/2022.
• VinFast (VIC’s subsidiary) announced that the company will cease production of internal combustion engine (ICE) cars by the end of FY22 to focus solely on electric vehicles (EV), ramping up sales of electric SUVs globally. VinFast is planning a factory in Germany to produce electric cars and a battery factory in the US.

CTG (Vietnam Joint Stock Commercial Bank for Industry and Trade)

• CTG released 2021 preliminary results: PBT exceeded 2021 guidance. Credit growth reached 12.3%, CASA ratio increased by 20%, NPL ratio was controlled at 1.3%. CTG also proposed the following key guidance for 2022: PBT consolidated growth of 10%-20%, total asset growth of 5%-10%, credit growth of 10%-14%, NPL ratio of below 2%.

NT2 (PetroVietnam Power Nhon Trach 2 JSC)

• NT2 estimated: 2021 PAT of $22.4 million (-18% yoy) due to change in selling price, new Pc declined 37.6đ/kWh implied a drop around $5 million of earning. Average input gas price 2021 = 7.73 $/mmbtu (+29.4% yoy). (Source: NT2)

BCM (Investment and Industrial Development Corp.)

• BCM announce 2021 results: Revenue of $282.61 million (97% year target) and PAT of $49.04 million (101% year target).
• 2022 guidance: revenue of $296.26 million (+5% yoy), PAT of $60.04 million (+22% yoy). (Source: BCM)

MWG (Mobile World Investment JSC)

• Not long after opening the high-end Apple device store chain TopZone (Oct 2021), MWG announced that MWG opened 5 new store chains including AVA Sport, AVA Fashion, AVA Kids, AVA Ji and AVA Cycle.

DXG (Dat Xanh Group JSC)

• DXG approved the plan for issuance of corporate bonds in private placement with total value of $8.7 million, 48-month maturity, fixed interest rate of 10.6%/year.

DXS (Dat Xanh Real Estate Services JSC)

• Plan to issue 23.64 million shares to pay dividends in 2020 at the ratio of 1,000:66. Besides, DXS will plan to issue 30.08 million bonus shares at the rate 8.4%.

PAN (The Pan Group JSC)

• PAN approved a plan to invest in Bibica (BBC) by swapping shares of PAN CG (Pan Consumer Goods Distribution company). BBC will issue more than 3.3 million shares to swap with PAN CG’s shares at the ratio of 1:6 (1 new BBC share for 6 PAN CG shares). PAN CG is a subsidiary of PAN (hold 99.99% PAN CG), which means PAN will receive 3.3 million BBC shares (17.8% stake of BBC). The deal is expected to complete in January 2022. (Source: PAN)