Monthly Report June 2010 Accounting 、 Finance 、 Investment

contents Activities Market Watch Financial Results Plans 2

Accounting Activities 3 Alerting Marketing to the budget deficiency of Financing bonus The Budget Performance Launching the program to all staff Innovation & Incentive Discussing on the investment income’s allocating Profit Center Project

Finance Activities 4 VAT, CIT, Withholding tax, etc. Monthly Tax Reports Update and revise legal compliance for the first half year 2010 Legal Compliance

1.Control amount/period of time deposits 2.Seek possibility to earn higher interest rate 1.Control amount/period of time deposits 2.Seek possibility to earn higher interest rate Investment Activities Enhance Cash Yield 1.Update market value/accrued interest periodically 2.Seek opportunity to invest in other bonds 1.Update market value/accrued interest periodically 2.Seek opportunity to invest in other bonds Bonds Management 1.Follow up the evolution of financial market 2.Seek opportunity to create other asset class 1.Follow up the evolution of financial market 2.Seek opportunity to create other asset class Market Watch/Research 5

Financial Market in May/June Market Watch Vietnam Q1 GDP: 5.8% CPI May/Apl: 9.1/9.2% Ho Chi Minh: 1.44% Taiwan Q1 GDP: 13.3% CPI May/Apl: 0.7/1.3% TWSE: 3.55% Euro Area Q1 GDP: 0.6% CPI May/Apl: 1.6/1.5% German Dax: 5.51% China Q1 GDP: 11.9% CPI May/Apl: 3.1/2.8% Shanghai: -0.23% Risk hiked up in May, mainly due to the Greece crisis and Korean conflict, but calm down a little bit in June. US Q1 GDP: 3.0% CPI May/Apl: 0.9/0.9% Dow Jones: 3.02% VIX Note 1: Stock market return calculated from 31/5 to 21/6. Note 2: VIX is a proxy for market volatility (risk).

Interest Rate Market Watch De.3M6 M12 M SOCBs VND USD JSCBs VND USD Market Rate (on June 22 th ) Policy Rate Majority of banks have set the cap on deposit rate at 11.5%, except for some small JSCBs. 1200bps 775bps VN Base Rate Fed Fund Target Rate % % 7 Note: Up to June 2010.Note: Rate for enterprises.

Exchange Rate Market Watch USDVND(L) TWDVND(R) VND is still under pressure of depreciating, while the gap between banks and the black market is almost 0. Market Rate (on June 22 th ) USDVND & USDTWD Offical RateBank RateBlack Market Note: Up to June 22 th.Note: Rate for enterprises.

Profit and Loss Financial Results 9 FebMarAprMayYTD Revenues16,32515,98616,80316,22380,851 Expenses13,96118,22318,30719,12586,124 Profit2,364(2,236)(1,504)(2,902)(5,273) Budget 2010(1,941)(1,957)(1,916)(1,375)(8,019) Actual / Budget 2010 up to 66% this year to date YTD May 2010 Results (million VND) Note: For profits.

Profit and Loss Financial Results 10 Revenues & Expenses Year to Date Result Revenues Expenses billion VND From monthly or from YTD aspect, expenses is kind of high, but the profit is better than expected.

Gross Premium Financial Results 11 FebMarAprMayYTD Actual 20103,5964,9886,2005,48924,737 Budget 20105,8817,2157,4198,06335,284 Actual 20097,0882,2963,0562,39417,579 Actual 2010 / 2009 up to 141% this year to date Gross Premium (million VND) Actual / Budget 2010 up to 70% this year to date

Sales Expenses Financial Results 12 FebMarAprMayYTD Actual 20102,9044,6985,1255,70922,534 Budget 20103,9574,7654,3954,16521,096 Actual 20093,2651,3264,1273,10514,283 Actual 2010 / 2009 up to 158% this year to date Sales Expenses (million VND) Actual / Budget 2010 up to 107% this year to date

Premium and Sales Expenses Financial Results 13 Gross Premium Premium and Sales Expenses Premium Sale Expenses billion VND Sales expenses hit the budget, whereas premium is less than expected. Sale Expenses Budget Actual Budget billion VND

Accounting Plans 14 Working with auditors (Earns & Young) on related matters Audit Conducted Following up and update to BOD the staff contributions Innovation & Incentive Set up the accounting process Universal Life Product

Finance Plans 15 Revise internal procedures about cash management Internal Audit follow-up 1.Cooperate with IT 2.Generating cash reports, detail in monitoring cash term deposits 1.Cooperate with IT 2.Generating cash reports, detail in monitoring cash term deposits Enhance Finance System Survey bank services due to demand of business development Bank Survey

Investment Plans To finding new counterparties for time deposits: 1.Risk assessment report 2.Approval to headquarter To finding new counterparties for time deposits: 1.Risk assessment report 2.Approval to headquarter Enhance Cash Yield 1.Seek opportunity to invest in all kind of asset class 2.Keep in contact with market players 1.Seek opportunity to invest in all kind of asset class 2.Keep in contact with market players Portfolio Management 1.Keep Following up financial market 2.Monthly topic presentation about investment issue 1.Keep Following up financial market 2.Monthly topic presentation about investment issue Market Watch/Research 16

THANK YOU 17