Research center

December construction steel consumption hits 285,000 & 2.77 million tons for 2019 Strong gains in the Southern region & more than doubling tonnage from 2018 Phase 1 trials complete for Dung Quat & over 80% of phase two near completion

Foreign exchange (FX) reserves by the end of 2019 was estimated at USD80 billion – or 3.8 months of import cover

GDP is estimated at 7.03% in 2019 - the second year to witness >7% GDP

Cannot escape from negative growth in 2019

After two years of construction, the project Dung Quat - Hoa Phat has almost finished the workload of the phase 1 and 80% of the phase 2.

Accumulated profit after tax in the first 11 months of 2019 (11M19) reached 99% of full-year targets

Moody’s reaffirms Vietnam’s Ba3 ratings but downgrades the outlook after completing the downgrade review begun on October 9, 2019 Lower outlook is a warning sign but not likely to be overly negative

Full-year targets reached a month early

PVPower’s (POW:HOSE) November electricity output reached 2,014 million kWh or 103% of the monthly target and pushed total output for 11 months to 20,642 million or 96% of the full-year target

The trade surplus in November suddenly jumped up to USD1.45 billion