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Rong Viet Securities: Vietnam Outlook and Conviction List
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Transcript of Rong Viet Securities: Vietnam Outlook and Conviction List
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• the Party Central Committee
endorsed Vietnam’s participation in the Trans-Pacific Partnership.
• A lot of focus for transport and energy infrastructures to attract FDI and
facilities trade activities.
• More FDI means more demand for houses and office space
• Infrastructure and real estate projects will create more construction
works
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2015
2014
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• steel, furniture
manufacturing, construction equipment, animal feeds.
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-20%
0%
20%
40%
60%
80%
100%
120%
2010 2011 2012 2013 2014 2015
Retail Automobile services Real estate services Real estate
-40%
-20%
0%
20%
40%
60%
80%
100%
120%
2010 2011 2012 2013 2014 2015
Gross margin (%)
Retail Automobile services
Real estate services Real estate
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• Retail World Investment Consultant Ltd., Co. (13%),
Mekong Enterprise Fund II (11%), Tri Tam Ltd., Co.(10%), CDH Electric
Bee Limited (8%), Mutual Fund Elite (7%), Ntasian Discovery Master Fund
(5%)
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341 368
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2012 2013 2014 2015
Total revenue PAT (after minority interest)
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(*) accounted for welfare expense
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• organized with core business of commercial banking
(retail and corporate banking) and financial institutes (treasury, trade
finance, account services)
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