1. Monthly Report Oct. 2010 Accounting, Finance, Investment

2. 2 Contents Activities Market Watch Investment/Financial Results Plans

3. 3 Accounting The Budget Performance YTD Sep commentaries have been done Quarterly report has been sent to BOD The Budget Performance YTD Sep commentaries have been done Quarterly report has been sent to BOD Innovation & Incentive 1 idea approved: SMS Service in communicating with customers Innovation & Incentive 1 idea approved: SMS Service in communicating with customers The Budget 2011 The final budget of 2011 to be approved All departments have submitted the latest version The Budget 2011 The final budget of 2011 to be approved All departments have submitted the latest version Activities

4. 4 Finance Monthly tax reports VAT,CIT, Withholding tax.. Monthly tax reports VAT,CIT, Withholding tax.. Tax registration Tax registration for Hai Phong branch Tax registration Tax registration for Hai Phong branch Notice tax dept for changing of Location: Ha Noi branch, CSHCM, Head office Company legal representative Notice tax dept for changing of Location: Ha Noi branch, CSHCM, Head office Company legal representative Activities Others Change authorized signatures Salary/commission payment agreement with Sacombank Others Change authorized signatures Salary/commission payment agreement with Sacombank

5. 5 Investment Enhance Investment Yield Move money to the highest asset in the market Enhance Investment Yield Move money to the highest asset in the market Financial Market Connection To get the latest products with the best price Financial Market Connection To get the latest products with the best price Market Research Forecast CPI growth rate and VND for 2011 Market Research Forecast CPI growth rate and VND for 2011 Related Persons Transaction Guidelines To operate in coordination with parent company Related Persons Transaction Guidelines To operate in coordination with parent company Activities

6. 6 Financial Market Sep/Oct Market Watch NY Dow Jones YTD: 5.5%; 2M: 10% GDP Q1/Q2: 3.7/1.7% CPI Jul/Aug: 0.9/0.8% HCMC HCM YTD: -11.8%; 2M: -1.4% GDP Q1/Q2: 5.8/6.2% CPI Jul/Aug: 8.2/8.9% Frankfurt DAX YTD:9.8%; 2M: 9.1% GDP Q1/Q2: 0.8/1.9% CPI Jul/Aug: 1.6/1.8% Shanghai SHX YTD:2.9%; 2M: 14% GDP Q1/Q2: 11.9/10.3% CPI Jul/Aug: 3.5/3.6% Taipei TWSE YTD:0.6%; 2M: 8.3% GDP Q1/Q2: 13.7/12.5% CPI Jul/Aug: -0.5/0.3% Market Watch Hot Issues: 1. Devaluation of VND (17/8/2010) 2. Appreciation of JPY 3. Raise interest rate: TW(1.5%), CN(2.5%) 4. New high: Gold, Thai stocks, Cotton Hot Issues: 1. Devaluation of VND (17/8/2010) 2. Appreciation of JPY 3. Raise interest rate: TW(1.5%), CN(2.5%) 4. New high: Gold, Thai stocks, Cotton Note : 2M (2 months) Stock market return calculated from 31/8 to 25/10.

7. 7 Prominent Assets ( in 2010) Market Watch Japan Yen Gold Spot/oz Bangkok SET Index Cotton No.2 Futures ( Dec.10)

8. 8 Interest Rate & Exchange Rate Market Watch Interest Rate (on Oct 20 th ) Note: Rate for enterprises. Exchange Rate (up to Oct 20 th ) Government still try to control the interest rate lower. VND is still under pressure of depreciation. De.3M6 M12 M SOCB VND2.7011.1 USD0.251.0 JSCB VND3.3011.1 USD0.651.0 TWDVND (R) USDVND (L)

9. 9 Trade Deficit vs Exchange Rate Market Watch VND and Trade Deficit Trade Balance Estimation VND and Trade Deficit have some kind of relationship. With high prob. deficit will be still high. Since it’s still Gov.’s concern, VND may keep devaluating with that. Trade Deficit (R) USDVND (L) Million VND Set scenarios like this (control the pace of Exp/Imp): a: Export grows faster. b: Import and Export grow in the same pace. c: Import grows faster. a b c Million VND

10. 10 Asset Allocation & Revenue Investment Result Gov. Bonds: Ave. yield 15.95%; Duration 4.94 Gov. Bonds: Ave. yield 15.95%; Duration 4.94 USD TD: Weighted rate 1.14%; Tenor: 1.83 USD TD: Weighted rate 1.14%; Tenor: 1.83 VND TD: Weighted rate 13%; Tenor: 22 VND TD: Weighted rate 13%; Tenor: 22 Cash/DD: Maintain the amount 3~4 billion Cash/DD: Maintain the amount 3~4 billion Gov. Bonds (74.3%) USD TD (8.8%) VND TD (16.4%) Cash / DD (0.5%) Note: On Oct 15 th. Most of our investment comes to the Government Bonds. Weighted average yield is around 14%. Every month we earn around 10 billion VND from Investment side.

11. 11 Profit and Loss Financial Result JunJulAugSepYTD Revenues17.8419.4222.4119.84160.36 Expenses18.5819.2721.1723.04168.18 Profit-0.740.151.24-3.20-7.82 Budget 2010-2.28-3.61-1.06-2.18-17.15 Billion VND This year to date, expenses is still higher. Actual / Budget 2010 goes to 46% this year to date.

12. 12 Gross Premium Financial Result Billion VND Actual / Budget 2010 is 80% YTD Actual 2010 / 2009 is 162% YTD JunJulAugSepYTD Actual 20107.328.159.858.9258.97 Budget 20108.409.1010.2610.3773.42 Actual 20093.604.044.816.3536.38

13. 13 Sales Expenses Financial Result JunJulAugSepYTD Actual 20104.991.884.907.5941.90 Budget 20105.144.334.135.0639.77 Actual 20094.593.102.374.7829.11 Billion VND Actual / Budget 2010 is 105% YTD Actual 2010 / 2009 is 144% YTD Note: Sale expenses are mostly agent incomes, sale incentives…(commission exclusive)

14. 14 Agreement with Sacombank Benefits of Staffs, Agents, and Customers at Sacombank Items feeSpecial OfferRemarks Maintain account FreeAgents/staffs Minimum balance No NeedAgents/staffs Debit card issue (ATM) FreeAgents/staffs Debit card annual fee Free in first 3 years, after that, VND99,000/year Agents/staffs Loans (consumption, house, car) 0 interest rate for 1 st month Agents/staff/ Customers Term Deposit + 0.3% / year (VND) + 0.12% / year (USD) Agents/staff/ customers Transfer oversea transfer fee - 20% Agents/staff/ customers

15. 15 Accounting The Budget 2011 The 2011 budget will be finalized It will be submitted to parent company for approval The Budget 2011 The 2011 budget will be finalized It will be submitted to parent company for approval Innovation & Incentive Following up and update to BOD the staff contributions Innovation & Incentive Following up and update to BOD the staff contributions Parent Company Audit Support the audit task from parent company, Tentative time from 1st - 5th Nov, 2010. Parent Company Audit Support the audit task from parent company, Tentative time from 1st - 5th Nov, 2010. Plans

16. 16 Finance Innovation & Incentive SMS project: 1 st round approved, continuing 2 nd Innovation & Incentive SMS project: 1 st round approved, continuing 2 nd Tax Issues Preparing for tax invoices change Will be effective since 1st Jan 2011 Tax Issues Preparing for tax invoices change Will be effective since 1st Jan 2011 Plans Others Salary/commission Payment Agreement with Sacombank Others Salary/commission Payment Agreement with Sacombank

17. 17 Investment Enhance Investment Yield Move money to the highest asset in the market Enhance Investment Yield Move money to the highest asset in the market Diversify Portfolio Seek opportunity to invest in different asset class Diversify Portfolio Seek opportunity to invest in different asset class Market Relationship Keep in contact with market players Market Relationship Keep in contact with market players Market Watch/Research Keep following market / Monthly presentation Market Watch/Research Keep following market / Monthly presentation Plans

18. Thank You