COLLIERS INTERNATIONALBitexco Office Building19-25 Nguyen Hue, District 1Ho Chi Minh City, VietnamTel +84 (8) 3827 5665Fax +84 (8) 3827 5667

Colliers International | Accelerating success | www.colliers.com/en-gb/Vietnam

> Market Brief Vietnam

COLLIERS INTERNATIONAL

August | 2013$2 billion6248213,5005,1001.12 billion78,000$71 billion

RevenueCountriesOffices ProfessionalsBrokersSquare Feet ManagedTotal TransactionsTotal Transaction Value

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COllIeRS AT A GlANCe

PETER DINNINGGeneral Directorpeter.dinning@colliers.com+84 903 322 344

KYNAM DOANInvestment Managerkynam.doan@colliers.com+84 1223 128 032

CONTACT US

Indicator Value Updated Source

VN-Index 494.66 8/5 Bloomberg

VN-Index to date ytd +22.24% 8/5 Bloomberg

Inflation +2.68% ytd, +7.29% yoy 8/1 GSO

Credit market +5.02% ytd 7/25 Bloomberg

Exp/Imp +14.3%/+15% ytd yoy 8/1 GSO

Deposit Rate 5% 8/7

GDP +5.1% ytd yoy 8/1 GSO

Refinance Rate 7% 8/7 SBV

Lending Rate 9-13%

10-year bond yield 9.05% 8/7 ADB

FDI +19.6% ytd yoy 8/5 GSO

FDI Disbursement +6.4% ytd yoy 8/5 GSO

Energy Prices +5% 8/5 EVN

Retail Sales +12% ytd yoy 8/5 GSO

Deposits +9.48% ytd 8/3 SBV

M2 Money Supply +8.25% ytd 8/6 GSO

PMI +2.1 pts to 48.5 8/6 GSO

Overnight Rate +340 pts to 4.4% mom 8/5 Bloomberg

VND-USD 21,095 8/7 Bloomberg

Repurchase Rate -50 pts to 5.5% 8/7 Bloomberg

1. Vietnam Asset Management Company targets US$474 million of NPls over the next two months with special bonds that can be used to secure funding from the central bank. The VAMC will begin buying NPls in the next two weeks.

2. From June to mid-July, foreign investors withdrew around US$450 million from the bond market and nearly US$100 million from the stock market due to increased inflation pressure and the US Fed indicating an end of quantitative easing.

3. Aug 1: Chandler Corporation purchased 8.3% of Masan Group for a total of 11.14% ownership.4. Vietnam Airlines will seek to sell all of its shares and bonds in Techcombank as pat of the national restructuring plan for SOes to divest from non-core businesses

www.colliers.com

Colliers International

Investment ServicesColliers International is a world leader in connecting capital with real estate investment opportunities. We provide breadth and depth of services to both international and local investors, de-velopers, and landowners.

Colliers Vietnam is committed to help-ing our clients make informed deci-sions - whether it's through investing, divesting, or holding - to increase the value of their porfolios and achieve target liquidity, risk, and returns.

We manage a portfolio of opportuni-ties that offer strong returns along a spectrum of well-understood levels of risk. This portfolio includes bare land, distressed developments, and income-producing properties across all market sectors - commercial, hotel, industrial, residential, and retail.

Backed by an outstanding track record, wealth of knowledge and strong regional presence, our team is able to deliver the following services:

Acquisitions > Identify & secure opportunities to

help you achieve your porfolio targets > Assist/Conduct negotiation of let-

ter of intent through to settlement of contract > Conduct Market and Financial Due

Diligence as well as advise on best use of land

Dispositions > execute marketing of asset through

our strong network of relationships with institutional investors, banks, developers and high net worth indi-viduals in Vietnam and throughout the Asia Pacific > Conduct initial due diligence of in-

terested parties prior to negotiation > Assist/Conduct negotiation through

to completion of divestment