Monthly Report Jun 2012 Accounting, Finance, Investment

2 Contents Activities Market Watch Investment / Financial Results Plans

3 Investment Enhance Investment Yield Move money to the highest return assets Enhance Investment Yield Move money to the highest return assets Assess Bond Strategies Decide whether to sell the VND110bn bond that will mature in December. Assess Bond Strategies Decide whether to sell the VND110bn bond that will mature in December. Visit Mutual Funds Learn about MF’s philosophies to explore alternative ways of equity investment. Visit Mutual Funds Learn about MF’s philosophies to explore alternative ways of equity investment. Activities

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

5 Contents Activities Market Watch Investment / Financial Results Plans

6 Market Watch NY S&P 500 YTD: 4.5%; MTD: 0.6% Frankfurt DAX YTD: 4.0%; MTD: -2.1% Shanghai SHX YTD:1.1%; MTD: -6.2% Taipei TWSE YTD: 1.3%; MTD: -1.9% HCMC HCM YTD:22.1%; MTD: -0.1% Financial Market Jun/2012 (As of Jun. 25 th ) 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 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

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

8 Interest Rate & Inflation Market Watch Interest Rate (As of Jun. 18 th ) Note: Rate for institutions. CPI YOY(%) Interest rate cap decreases to 9% and SBV said no more rate cut would come until year end. DD3M6 M12 M SOCB VND USD JSCB VND USD0.40.5

9 Exchange Rate Market Watch VND remains stable under official price at 20,828 but 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: Ave. yield 15.0%; Duration 5.0 Gov. Bonds: Ave. yield 15.0%; Duration 5.0 USD TD: Weighted rate 1.6%; Tenor: 0.1 USD TD: Weighted rate 1.6%; Tenor: 0.1 VND TD: Weighted rate 13.2%; Tenor: 5.2 VND TD: Weighted rate 13.2%; Tenor: 5.2 Cash/DD: Target amount of 1.5 billion Cash/DD: Target amount of 1.5 billion Gov. Bonds (65.5%) USD TD (6.8%) VND TD (27.5%) Cash / DD (0.2%) Note: As of Jun 20 th. Bonds account for the highest proportion of our assets. Weighted average yield is around 13.6%. We gained investment income of 11 billion VND in May.

12 YTD May 2012 Results Financial Result Mio VNDFebMarAprMayYTD Revenue 16,14825,26722,66523,022104,785 Expense 17,52926,80022,54524,571111,878 P & L (1,381)(1,533)120(1,549)(7,093) Budget (3,901)(5,207)(6,673)(3,010)(25,804) 2012 YTD Actual / YTD Budget 27% 2012 YTD Actual / YTD Budget is 27%.

13 Gross Premium Financial Result 2012 YTD Actual Gross Premium / YTD Budget is 49% YTD Actual / 2011 YTD Actual is 91%. Mio VNDFebMarAprMayYTM Actual 5,66813,86211,90912,16950,144 Budget 16,81122,60022,07423,804102, ,12511,98812,94113,65254, YTD Actual / YTD Budget 49% Actual 2012 / Actual %

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 Premium 49% budget

15 Contents Activities Market Watch Investment / Financial Results Plans

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

17 Accounting & Finance External Audit Work with Earnest & Young auditor for the second quarter external audit 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 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 System Improvement Start working with IT on the automatic system for investment activities Plans

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