Media Center
Special Reports
The State Bank to Vietnam devaluated the Vietnamese Dong by 7.2% ( Feb 11, 2011 )
Early this morning on its website, the State Bank of Vietnam (SBV) announced that the Vietnamese Dong (VND) mid-point reference rate will be adjusted to 20,693 from 18,932, and the trading band will be lowered to+/- 1% from +/-3%, effective from today, 11 February 2011. Accordingly, the upper ceiling rate will be adjusted to 20,900 from 19,500 which means that VND will be officially allowed to devaluate by 7.2%... 
Read more
VAM Note to Investors ( Nov 26, 2009)
Yesterday (25 November 2009) was a big day for the State Bank of Vietnam (SBV), as they announced a raft of policy measures designed to combat perceived emerging macroeconomic imbalances. Already for the last several weeks the SBV has been devaluing the VND/USD base rate used as the reference rate for official forex traders, albeit at a crawling pace, to signal to the market its intention to change from a growth to exchange rate management policy... Read more
VAM 3Q09 Corporate Earnings Update ( Nov 16, 2009)
Generally the results are good and many companies have achieved 80% of their earnings targets for the year. Sectors which have done well are real estate, construction materials (including plastics, cement) and ports. The property market has warmed up after a lack-luster 1H09 and transactions are being busily reported, especially in Northern Vietnam. The port operators are still enjoying good earnings, with port fees increasing 10-15% this year, due to lack of supply... Read more
Value in Vietnam (Jun 4, 2008)
Vietnam is in the midst of an economic crossroads. Not unlike China and India in the past, Vietnam is dealing with the dual-headed monster of high inflation/trade deficit. As value investors in Vietnam, how does this affect our view... Read more