Company Profile - Vingroup - Q2 2013

Vietnam - Real Es tate - 11 Mar 2013 SWOT Analysis

One of Vietnam's larges t real es tate developers , and the larges t regis tered on the country's s tock market. Divers e operations acros s a breadth of s ub-s ectors . Strong financial capacity. Strengths In November 2012, Vingroup won two pres tigious awards at the South Eas t As ia Property Awards 2012 held by Ens ign Media, including Best Developer in Vietnam - Vingroup and Best Villas Development in Vietnam - Vincom Village. Vingroup's US$300mn convertible bonds was named The Best Deal from Vietnam for 2012, by The As s et - a prominent magazine, public relation and advis ory organis ation in the field of finance in As ia. Downgrade of Vietnam's foreign and local debt currency debt ratings by Moody's . Comparative newcomer to the market. Modernis ation and Indus trialis ation of Vietnam. Opportunities International as pirations . Mergers and acquis itions . Adjus tment of available room of foreign owners hip to 22%. Sus ceptible to any vulnerability in the Vietnames e economy. Difficulties in the trans ition from domes tic to international player.

Weaknes s es

Threats

Vingroup Joint Stock Company (formerly Vincom Joint Stock Company and the Vietnam General Commercial Joint Stock Company) was es tablis hed in 2002 and is headquartered in Hanoi. Vingroup is publicly lis ted. Its initial public offering (IPO) was carried out in 2007. Vingroup is one of Vietnam's larges t real es tate developers . It operates through numerous s ubs idiaries to develop and cons truct offices , retail outlets and res idential projects , and to provide financial s ervices . The company's key projects include the Vincom Center in central Ho Chi Mih City (HCMC); the high-end Vincom Hai Phong retail, office and res idential complex in the heart of Hai Phong; the Vincom Financial Tower in HCMH, which the company has touted as Vietnam's Wall Street; the Eco City res idential project in Hanoi; and the ups cale res idential Royal City Project in Hanoi. Company In January 2012, the company completed procedures for the merger of Vinpearl Joint Overview Stock Company into Vincom, increas ing the total charter capital to approximately VND5,500bn; Approved the Company's cons truction and development s trategy with f o u r focal brand names : Vincom (Real es tate), Vinpearl (Touris m & Recreation), Vincharm (Fitnes s and Beauty Care), Vinmec (high quality Healthcare Services ), operating under a new legal ins tituition: Vingroup. On October 10 2012, Vincom Center A Ho Chi Minh City s hopping mall commenced operations , located at the heart of HCMC, with four facades on the main s treets of Le Loi - Dong Khoi - Le Thanh Ton and Nguyen Hue. The project compris es nine above ground floors and s ix underground floors with a GFA up to 98,000s q m; of which the retail area covers 39,000s q m on three bas ements and four above ground floors ; Vinpearl Luxury Ho Chi Minh City - the five-s tar hotel with 293 exclus ively luxurious rooms ; and an underground parking of over 25,000 s q m.

Guided by its pioneering as piration as well as s us tainable inves tment - development s trategy, with a focus on Real Es tate and Hos pitability, Vingroup has been s triving to become the leading multis ectoral bus ines s group in VietNam and in the region. Vingroup as pires to es tablis h a Vietnames e brand, demons trating Vietnames e Strategy intellectual s tature and pride in the international arena. For the market: To provide premium products and s ervices of international s tandards that are original, highly creative and embedded with local identities . In addition to its outs tanding quality, each product - s ervice contains a cultural mes s age with a view to bes t catering for cus tomers ' legitimate needs . As of June 2012, the company has a chart capital of VND7,000bn Financial Data The lates t available data (February 2013) relates to 9M12. For the period ended September 30 2012, Vingroup has achieved VND5,069bn in revenue and VND1,474bn in profit after tax, which repres ents an increas e of 350% and 81% y-o-y, equivalent to 41% and 48% plan res pectively. 7th Floor Tower B Company Details Vincom City Towers 191 Ba Trieu, Hanoi Fax: 84 4 39748888

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