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MONTHLY REPORT MAY, 2009 Accounting, Finance and Investment

MONTHLY REPORT MAY, 2009 Accounting, Finance and Investment. Outline. I.This month activities and Achievements. II. Up date Market news. III.Next month project. This month activities and Achievements. I. Accounting and Finance. Monthly report : Profit and Lost

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MONTHLY REPORT MAY, 2009 Accounting, Finance and Investment

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  1. MONTHLY REPORT MAY, 2009 Accounting, Finance and Investment

  2. Outline I.This month activities and Achievements II. Up date Market news III.Next month project

  3. This month activities and Achievements I. Accounting and Finance • Monthly report : • Profit and Lost • VAT, PIT, Withholding tax report • 2. Tax Code Registration for Da Nang Office • 3. Testing system, preparing for premium collection at Sacombank

  4. This month activities and Achievements II. Investment • Following up international and domestic bond market, including key economic indicators and bond trading activities. • Prepared English-version business plan for applying the fund management company. • Prepared request letter for switching custodian bank.

  5. Apr 2009 financial income Trend of revenue and expense from Jan 09 to Apr 2009 ( mil VND)

  6. Expense performance ( mil VND) Sale expense Administration expense

  7. Update news PERSONAL INCOME TAX PROPOSAL * From Jan to June 2009 : exempt tax • * From July to December 2009 : 2 difference proposals • Decrease VND200,000/month • Apply as normal

  8. II. Vietnam News CPI edged up in 2 consecutive months Vietnam CPI CPI increased 0.44% MOM and 5.58% YOY

  9. 2. Trade balance. Exports in May decreased by 12% MOM or 7% YOY to $ 22.8 bn While imports slipped 6% MOM or 37% YOY to $23.99 bn Vietnam swung into deficit first time of years to $1.12 bn II. Vietnam News Trade balance by monthly in 2009 Imp – Exp YOY

  10. 3. Industrial production: increased gradually but still much lower than that of last year: II. Vietnam News • VND 56.6 trillion, • h6.8% MoM or h4% YoY (much lower compared to YoY growth of 16 % in last year)

  11. II. Vietnam News • 4. Money market remained unstable month with the gradually increasing of deposit rate at commercial banks: • Deposit rate for VND increased softly from 0.5 – 1.5% pa and stand around 8.5% - 9% pa • Deposit rates in USD reduced by 0.5-0.7% pa: • The average mobilizing rate is quoted as follows (source: SBV):

  12. II. Vietnam News • Exchange rate: • -Selling price 17,785-17,788 - buying price was lower than selling price from 2-3 VND/USD. Increase 5% official rate Widening trading band to 5%

  13. PROJECT NEXT MONTH  Implement budget in the system  Workwith each departments in budget control  Prepare accounting closing for Q2 2009 and Financial Statement audited  Following up international and domestic bond market, including key economic indicators and bond trading activities.  Prepared English-version business plan for applying the fund management company  Prepared request letter for switching custodian bank.

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