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The index of industrial production (IIP) in April climbed 0.6% MoM and 9.5% YoY, in which manufacturing and processing still played a key role and boosted the overall growth (+1.2% MoM; +10.5% YoY). IIP of the whole sector was at a moderate level, with IIP of manufacturing and processing saw a two-digit growth in 11 consecutive months. Production of mobile phones increased sharply over the same period in 2018, + 17.2% YoY, and exports of phones and components thus maintained a positive growth rate of +12% YoY in April. This is a positive signal while Samsung's new product line this year opened for sale one week earlier than in 2018 (March 8, 2019 compared to March 16, 2018). In particular, on April 22, Samsung announced to delay the selling date of Galaxy Fold, but this may not affect the manufacturing and exports of Vietnam as in the beginning of 2017. This is the market-penetrative product (estimated to account only for 1% of the total Samsung shipments), and many experts do not c

GDP growth: GDP growth in the 1Q.2019 was moderate with the main forces of processing and manufacturing sector. It is forecast that 2019 GDP will stay positive at 6.6 – 6.8%. Inflation: Inflation in the first three months hit the three-year lows. However, inflation pressure may return in April. The average inflation rate in 2019 is expected to be under control, surrounding 3.8 – 4.0%. Monetary policy: SBV monetary policy was further loosened in the 1Q, but in the rest of the year, it would be more prudent due to the inflation pressure. Exchange rates: VND was quite stable in the 1Q and expected to depreciate by 1.5 -2% in the whole year of 2019.

Founded in 2007, with the first flight taking off in 2011, after 7 years of operation, VJC has become the second biggest aviation company in Vietnam. In 2018, VJC ranked second in terms of market share (40.1%), after Vietnam Airlines with 43.1%. Revenue in 2018 of passenger transport reached VND 25,031 billion, up by 48.5% yoy, CAGR in four years hits 44%. VJC’s strategy turning to stimulate operation in the international market is very potential with CAGR reaching 138.6% in 2014-2017. Low operating cost can be considered a strong competitive advantage thanks to young fleet age and low labor costs together with high aircraft operating efficiency. Revenue of the ancillary segment in 2018 hit VND 8,370 billion, gaining 52.8% yoy, four-year CAGR was 63.1%. Focusing on international markets will boost ancillary growth due to higher demand in the international market compared to the domestic market. 2018 revenue gained from aircraft sale was VND 18,512 billion, losing 6.2% yoy, four-ye

Founded in 2007, with the first flight taking off in 2011, after 7 years of operation, VJC has become the second biggest aviation company in Vietnam. In 2018, VJC ranked second in terms of market share (40.1%), after Vietnam Airlines with 43.1%. Revenue in 2018 of passenger transport reached VND 25,031 billion, up by 48.5% yoy, CAGR in four years hits 44%. VJC’s strategy turning to stimulate operation in the international market is very potential with CAGR reaching 138.6% in 2014-2017. Low operating cost can be considered a strong competitive advantage thanks to young fleet age and low labor costs together with high aircraft operating efficiency. Revenue of the ancillary segment in 2018 hit VND 8,370 billion, gaining 52.8% yoy, four-year CAGR was 63.1%. Focusing on international markets will boost ancillary growth due to higher demand in the international market compared to the domestic market. 2018 revenue gained from aircraft sale was VND 18,512 billion, losing 6.2% yoy, four-ye

Vietnam stock market saw positive performance with a strong growth in most of the 1Q before entering a sideways drift around 1,000 point threshold in the last two trading weeks of the quarter. The growth force of the market in the 1Q comes from the bottom-fishing demand of domestic investors and net-buying cash flow of foreign investors. Foreign investors have net-bought for two consecutive quarters in Vietnam stock market, which is in line with the trend of global capital flow running into emerging markets in the 1Q. If in early 2Q, the market receives many news from the AGMs and business performance in the 1Q, there will be less information in the second half of the quarter. Powerful drivers of the market still come from external factors such as the trade war, Brexit, the US yield curve, monetary policies and economic outlook of some major economies… In the basic scenario, external risks do not get worse, VNIndex is forecast to stay in a sideways drift and slightly decrease in ear

Revenue and profit of DXG showed positive growth in 2018./ All business fields had stronger growth than in 2017./ Revenue from LDG projects gain damatic revenue for DXG.

Revenue in the 4Q.2018 was VND1,560 bn, gaining by VND436 bn, equal to 39% QoQ. The company growth included: (1) Nearly VND285 bn revenue from mobile phones, accounting for 65% growth; (2) about VND69 bn from offic and increasee equipment (15.9% growth); (3) approximately VND87 bn (20% growth) achieved from laptops and tablets. In 2018, DGW recorded an impressive growth with revenue hitting VND 5,943 bn (+56% YoY), NPAT reaching VND109.2 bn (+39% YoY), which met the target of 126% and 108% for 2018. Mobile phone segment still had the highest proportion of the total growth. As compared to 2017, revenue from mobiles surged by 213% to VND2,355 bn, hitting 196% of the plan. Laptops & tablets and office equipment also surpassed the expected target with 104% and 111% of planned revenue in 2018. Operating cost increased since the company continued to invest and develop consumer goods industry. In 2019, DGW expects to raise 20% revenue, equivalent to VND7,150 bn, and 25% of NPAT

Revenue in 2018 was about VND8,000 bn, increasing by 50% yoy, 33% more than expected. This was achieved by boosting the production in Factory No.6 and No.7. The production was 86,500 tons, up by 14% yoy, revenue from packaging rose by 40% yoy, equal to VND 800 bn. NPAT is forecasted to reach VND200 bn, decreasing by 24% yoy, only completing 60% of the previous plan. The plunge in NPAT was triggered by: (1) gross profit margin went down due to the policy on cutting sales, raising competitiveness to boost the production in the two news factories No.6-7 to the maximum level. (2) The trade segment has not achieved the expected results because the contract on buying PP resin produced by Binh Son Petrochemical Refinery (BSR) was delayed due to prolonged procedures. (3) The key projects at An Phat Complex Industrial Park are not profitable. In 2019, AAA has set its business plan with positive prospect. In particular, the expected revenue is VND10,000 bn, up by 100% yoy and NPAT i

TNG’s main business are outsourcing, producing jackets and chinos under FOB convert and CMT for export market, . The company also have its own brand name - TNG fashion with over 40 stores nation while, mostly located in the North of Vietnam. Export market accounts for 96% of 2017 sales structure, in which 53% goes to EU and 33% to North America. TNG works with various famous brand names, among which Decalthlon brings the most revenue of 44.02%.  TNG is still in the process of expanding production to meet the free trade agreement, particularly EVFTA which is favourable to the company as its largest market is EU. The focus on large clients is to help the company improve its gross margin as well as increase its net profit margin as a substitute for regular CMT orders. In addition, TNG is aiming to affirm its position in the domestic market with its chain of TNG Fashion Store.  The company won the tiltle of one of the 30 most transparent listed companies on HNX 2016 and top