BCTC GT Q1 2015 Apr20

Q1 2015 www.businessmonitor.com VIETNAM COMMERCIAL BANKING REPORT INCLUDES 5-YEAR FORECASTS TO 2018 ISSN 1758-454X Published by:Business Monitor International Vietnam Commercial Banking Report Q1 2015 INCLUDES 5-YEAR FORECASTS TO 2018 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: November 2014 Business Monitor International Senator House 85 Queen Victoria Street London EC4V 4AB United Kingdom Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2014 Business Monitor International All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Vietnam Commercial Banking Report Q1 2015 CONTENTS BMI Industry View . Table: Commercial Banking Sector Indicators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Table: Commercial Banking Sector Key Ratios, October 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Table: Annual Growth Rate Projections 2013-2018 (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Table: Ranking Out Of 73 Countries Reviewed In 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Table: Commercial Banking Sector Indicators, 2011-2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SWOT Commercial Banking Political . 10 Economic . 11 Business Environment 13 Industry Forecast 14 Industry Risk Reward Ratings 17 Asia Commercial Banking Risk/Reward Index . 17 Table: Asia Commercial Banking Risk/Reward Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I TAP DOAN DAU KHi QUOC GIA VIET NAM CONG TY CO PHAN CHUNG KHOAN DAU KHI CONG HOA XA HOI CHU NGHIA VIET NAM D6c 14p — Tv — Hanh pluic S6: Ltj) /CKDK-TCKT V/v: Giai trinh boo cao tat chinh quy nam 2015 Ha N0i, 20 thong 04 nam 2015 Kirsh riei: UY BAN CHUNG KHOAN NHA NUbC UY BAN GIAM SAT TAI CHINH QUOC GIA SO GIAO DICH CHUNG KHOAN HA NO! SO GIAO DICH CHUNG KHOAN THANH P110 HO CHI MINH Cong ty Co phAn Chimg khoan DAu (PSI) xin gui tai Uy ban Chtirng khoan Nha nu6c, Uy ban Giam sat Tai chinh Qu6c gia va cac Sc Giao dich 16i chao tran Theo quy dinh tai Thong to s6 52/2012/TT-BTC 05/04/2012 hu6ng don ve vide thong tin tren TTCK, trubmg hop lei nhuan sau thud thu nhap doanh nghiep tai bao cao ket qua (/ /c '4G ( v) c %-■ con) Ntit s,\(-)\ d6ng kinh doanh giira ky bao cao so voi ding ky bao cao nam truck co bien d6ng muoi phan (10%) trO len, to chirc niem yet phai giai trinh r6 nguyen nhan an den nhfing bien Ong bAt thuamg Theo do, Cong ty Co phAn Chung khoan DAu xin giai trinh ve bin Ong lc& qua kinh doanh cita Quy I nam 2015 (ky bao cao) so vai Quy I nam 2014 nhu sau: Thay clOi % gaa Q1/2015 ya Q1/2014 Mit Chi tieu Quy 1/2015 Quj, 1/2014 (1) (-2) (-3) (4) Doanh thu 22,431,758,948 27,251,875,578 -18% Trong do: - Doanh thu hoat thing moi giai chUng khoan - Doanh thu heat dOng du to chirng khodn, gap On - Doanh thu bdo lanh phat hanh chirng khodn - Doanh thu dai 15, phdt hanh chirng khoan - Doanh thu heat dOng to van - Doanh thu Itru ky chung khodn - Doanh thu heat &Ong uy thdc dau gid - Doanh thu cho thud sir dung tai san - Doanh thu khdc Chi phi 2,295,021,824 990,500 2,377,376,387 2,659,390,258 15,098,979,979 20,941,959,069 4,693,470,224 6,996,431,220 2,997,535,455 723,481,560 11,840,957,119 26,114,387,262 -51% -100% (17,810,578) 1,471,989,301 1,471,989,301 (27,463,994) 1,110,024,322 1,110,024,322 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Lcri nhut:in khac Tong l•i nhu4n ke toan trw6c thud Chi phi thud TNDN hien hanh 1,91 nhu4n sau thug TNDN (-5) -21% 268% 28% -20% 33% 33% " o Pk° Lgi nhuan sau tittle QuSt I nam 2015 tang so vai ding kS7narn 2014 nguyen nhan chfi yeti sau: Trong QuST 1/2015, nh6 cac hop d6ng to vAn niem yet, c6 phAn h6a va hop d6rig quan ly c6 dOng phat sinh cu6i nam 2014 va dau nam 2015, doanh thu hog d6ng ltru ky chi:mg khoan cila C6ng ty tang 268% Doanh thu khac chu yeu la doanh thu dich vu tai chinh, mac du lai suAt thi truong giam va s6 du ngu6n giai ngan giam nhtmg nh6 tan dung ngutin von nhan roi vao hoat d6ng tin giri tai ngan hang va ket thitc 01 hop d6ng hop tac dAu to de ghi nhan doanh thu, doanh thu hog d6ng khac tang 28% Tuy nhien, thi truerng chung khoan khong nhi'eu din bien khoi sac so vai ding kS/ nam ngodi, bed vay, doanh thu hog ang moi gigi giam 51%, doanh thu hog demg dAu to chimg khoan g6p von gan nhu khOng phat sinh, doanh thu hog d6ng to vAn giam 21% Do do, tong doanh thu toan cong ty giam 18% so voi ding ky nam Do thi trugng chirng khoan khong tang trugng nhu mong doi lam cac mang doanh thu du silt giam, a dam bao hoan dugc chi tieu lgi nhuan, Cong ty da dp dung cac bien phap tit kiem chi phi, quart IS, chi phi hieu qua, do, tong chi phi QuSi 1/2015 giam 20% so vgi ding kSfnam ngodi Doanh thu chi giam 18% chi phi giam 20% nhu phan tich o tren nen Lgi nhuan sau thu6 cua cong ty Quy I nam 2015 tang 33% so vOi lc& qua ding kST nam 2014 Tren day la mot s6 nguyen nhan chia yeti an Ten Wen d6ng ket qua kinh doanh QuSf 2015 so \red cling kS7nam truck caa Cong ty Co phAn Chung khoan DAu Kinh bao cao! Noi nhem: - Nhtr tren; - HDQT; - Lou VT, Pheng TCKT I DONG QUAN T CHU Il: AM DOC ,, , o CO'4 G l?' N1:: 14Ki4iON C *),\\CHC.C5 — Q1 2015 www.businessmonitor.com VIETNAM PHARMACEUTICALS & HEALTHCARE REPORT INCLUDES 10-YEAR FORECASTS TO 2023 ISSN 1748-2305 Published by:Business Monitor International Vietnam Pharmaceuticals & Healthcare Report Q1 2015 INCLUDES 10-YEAR FORECASTS TO 2023 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: December 2014 Business Monitor International Senator House 85 Queen Victoria Street London EC4V 4AB United Kingdom Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2015 Business Monitor International All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Vietnam Pharmaceuticals & Healthcare Report Q1 2015 CONTENTS BMI Industry View . SWOT Political . 11 Economic . 12 Industry Forecast 14 Pharmaceutical Market Forecast 14 Table: Pharmaceutical Sales, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Healthcare Market Forecast 16 Table: Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Table: Government Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Table: Private Healthcare Expenditure Trends, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Prescription Drug Market Forecast 22 Table: Prescription Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Patented Drug Market Forecast . 24 Table: Patented Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Generic Drug Market Forecast 27 Table: Generic Drug Market Indicators, Historical Data And Forecasts (Vietnam 2010-2018) . . . . . . . . . . . . . Q1 2015 www.businessmonitor.com VIETNAM INFORMATION TECHNOLOGY REPORT INCLUDES 5-YEAR FORECASTS TO 2018 ISSN 2044-9631 Published by:Business Monitor International Vietnam Information Technology Report Q1 2015 INCLUDES 5-YEAR FORECASTS TO 2018 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: December 2014 Business Monitor International Senator House 85 Queen Victoria Street London EC4V 4AB United Kingdom Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2015 Business Monitor International All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Vietnam Information Technology Report Q1 2015 CONTENTS BMI Industry View . SWOT IT SWOT Wireline . 11 Political . 13 Economic . 14 Industry Forecast 16 Table: IT Industry - Historical Data & Forecasts (Vietnam 2011-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Macroeconomic Forecasts . 23 Expecting Sustained Growth Momentum In 2015 . 23 Table: Economic Activity (Vietnam 2009-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Industry Risk Reward Ratings 28 Asia Pacific Risk/Reward Index 28 Table: Asia Pacific IT Risk/Reward Index - Q1 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Market Overview . 32 Hardware . 32 Software . 39 Services 47 Industry Trends And Developments 54 Regulatory Development 60 Table: Government Authority . . . . . . . . . . . Q1 2015 www.businessmonitor.com INDONESIA INFORMATION TECHNOLOGY REPORT INCLUDES 5-YEAR FORECASTS TO 2018 ISSN 1750-5070 Published by:Business Monitor International Indonesia Information Technology Report Q1 2015 INCLUDES 5-YEAR FORECASTS TO 2018 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: October 2014 Business Monitor International Senator House 85 Queen Victoria Street London EC4V 4AB United Kingdom Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2014 Business Monitor International All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Indonesia Information Technology Report Q1 2015 CONTENTS BMI Industry View . SWOT IT . Wireline SWOT . 11 Political . 13 Economic . 15 Industry Forecast 17 Table: IT Industry - Historical Data And Forecasts (Indonesia 2011-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Macroeconomic Forecasts . 24 Economic Analysis . 24 Trade Account Improving 25 Risks To 2015 Growth Forecast On The Rise . 26 Table: Economic Activity (Indonesia 2009-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Industry Risk Reward Ratings 28 Asia Pacific Risk/Reward Index 28 Table: Asia Pacific IT Risk/Reward Index - Q1 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Market Overview . 32 Hardware . 32 Software . 41 IT Services 48 Industry Trends And Q1 2015 www.businessmonitor.com AUSTRALIA INFORMATION TECHNOLOGY REPORT INCLUDES 5-YEAR FORECASTS TO 2018 ISSN 2041-7160 Published by:Business Monitor International Australia Information Technology Report Q1 2015 INCLUDES 5-YEAR FORECASTS TO 2018 Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: December 2014 Business Monitor International Senator House 85 Queen Victoria Street London EC4V 4AB United Kingdom Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2014 Business Monitor International All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. Australia Information Technology Report Q1 2015 CONTENTS BMI Industry View . SWOT IT SWOT Wireline SWOT . 11 Political . 13 Economic . 14 Industry Forecast 15 Table: IT Industry - Historical Data & Forecasts (Australia 2011-2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 2014 Outlook 15 Macroeconomic Forecasts . 21 Economic Analysis . 21 Table: Macroeconomic Forecasts (Australia 2010-2016) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Industry Risk Reward Ratings 25 Asia Pacific Risk/Reward Index 25 Table: Asia Pacific IT Risk/Reward Index - Q1 2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Market Overview . 29 Hardware . 29 Software . 36 Services 41 Industry Trends And Developments 49 Regulatory Development ...Lgi nhuan sau tittle QuSt I nam 2015 tang so vai ding kS7narn 2014 nguyen nhan chfi yeti sau: Trong QuST 1 /2015, nh6 cac hop d6ng to vAn niem yet, c6 phAn h6a va hop... do, tong chi phi QuSi 1 /2015 giam 20% so vgi ding kSfnam ngodi Doanh thu chi giam 18% chi phi giam 20% nhu phan tich o tren nen Lgi nhuan sau thu6 cua cong ty Quy I nam 2015 tang 33% so vOi lc&... d6ng to vAn niem yet, c6 phAn h6a va hop d6rig quan ly c6 dOng phat sinh cu6i nam 2014 va dau nam 2015, doanh thu hog d6ng ltru ky chi:mg khoan cila C6ng ty tang 268% Doanh thu khac chu yeu la doanh