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Monthly Report Jun 2012

Monthly Report Jun 2012. Accounting, Finance, Investment. Contents. Activities. Market Watch. Investment / Financial Results. Plans. Investment. Activities. Enhance Investment Yield Move money to the highest return assets. Assess Bond Strategies

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Monthly Report Jun 2012

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  1. Monthly Report Jun 2012 Accounting, Finance, Investment

  2. Contents Activities Market Watch Investment / Financial Results Plans

  3. Investment Activities Enhance Investment Yield Move money to the highest return assets Assess Bond Strategies Decide whether to sell the VND110bnbond thatwillmatureinDecember. Visit Mutual Funds Learn about MF’s philosophies to explore alternative ways of equity investment.

  4. Accounting&Finance Activities Business Trip Reimbursement Trial launched the on-line business trip reimbursement with Training Department System Improvement Completed testing on the automatic allocation of the Pre-payment Expense Review Reviewed the YTD May 2012 expenses as parent company requested.

  5. Contents Activities Market Watch Investment / Financial Results Plans

  6. Market Watch Frankfurt DAX YTD:4.0%; MTD:-2.1% NY S&P 500 YTD:4.5%; MTD: 0.6% Shanghai SHX YTD:1.1%; MTD: -6.2% Hot Issues: 1. FED extends its Operation Twist until year end 2. Market still worry Euro zone’s debt crisis 3. China cut borrowing rate for first time since 2008 because economic growth slows 4. Vietnam stock market cools down somehow due to slower growth rate Taipei TWSE YTD:1.3%; MTD: -1.9% HCMC HCM YTD:22.1%; MTD: -0.1% Financial MarketJun/2012 (As of Jun. 25th)

  7. Economic Growth Market Watch • 1Q12 Year-on-year GDP growth recorded 4%, the weakest since 1Q09. source:Bloomberg

  8. Market Watch Interest Rate & Inflation CPIYOY(%) Interest Rate (As of Jun. 18th) Note: Rate for institutions. • Interest rate cap decreases to 9% andSBV said no more rate cut would come until year end.

  9. ExchangeRate Market Watch • VNDremains stable underofficialpriceat 20,828but faces depreciation pressure due to increasing demand on USD until year end. source:Bloomberg

  10. Contents Activities Market Watch Investment / Financial Results Plans

  11. Asset Allocation & Revenue Investment Result Gov. Bonds (65.5%) USD TD (6.8%) Gov. Bonds: Ave. yield 15.0%; Duration 5.0 USD TD: Weighted rate 1.6%; Tenor: 0.1 VND TD (27.5%) VND TD: Weighted rate 13.2%; Tenor: 5.2 Cash/DD: Target amount of 1.5 billion Cash / DD (0.2%) Note: As of Jun 20th. • Bondsaccountforthehighestproportionofourassets. • Weighted average yield is around 13.6%. We gained investment income of 11 billion VND inMay.

  12. YTD May 2012 Results Financial Result • 2012 YTD Actual / YTD Budget is 27%.

  13. Gross Premium Financial Result • 2012 YTD Actual Gross Premium / YTD Budget is 49%. 2012 YTD Actual / 2011 YTD Actual is 91%.

  14. Premiums / Sale exp. (VND bio) Financial Result • While YTD actual premium in 2012 is 49% of budget, sales expense is only 43% of budget. Premium 49% budget

  15. Contents Activities Market Watch Investment / Financial Results Plans

  16. Investment Plans Adding New Counterparty Plantomeasure new counterparty’s risk and broaden the counterparty base. Equity Analysis Evaluate some potential stocks to know their intrinsic value. Macro Forecast Model Update model with June Figures

  17. Accounting&Finance Plans External Audit Work with Earnest & Young auditor for the second quarter external audit Internal Audit Offer information for the internal audit arranged periodically by parent company System Improvement Start working with IT on the automatic system for investment activities

  18. Thank You

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