External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Vietnam Industrials / Thematic (Sector/Industry)

Vietnam Construction & Import-Export (VCG VN)

<ul><li>Real estate developers suffered serious damage from the corporate bond market’s turmoil, which squeezed their liquidity and consequently delayed the progress of project development. </li><li>Construction’s material prices, including those of steel, cement, concrete, and bricks have surged by 20%–30% since late-2021.</li><li>By end–2022, the estimated government disbursement was VND435,689 bn, achieving 75.1% of the Prime Minister’s FY22 target, and below that ofthe previous period (77.3% YoY).</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Real estate developers suffered serious damage from the corporate bond market’s turmoil, which squeezed their liquidity and consequently delayed the progress of project development. Construction’s material prices, including those of steel, cement, concrete, and bricks have surged by 20%–30% since late-2021.By end–2022, the estimated government disbursement was VND435,689 bn, achieving 75.1% of the Prime Minister’s FY22 target, and below that ofthe previous period (77.3% YoY).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hoa Binh Construction And Real Estate (HBC VN)

Industry Report - Construction - Overweight - Buil up the Nation