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Monthly Report April 2010

Cathay Life (VN). Monthly Report April 2010. Investment, Finance and Accounting. 2010.05.07. 1. 3. 4. Vietnamese Market News. Next month plan. This month activities. Contents. 2. Innovation & Incentive Program. 1.This month activities. Investment

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Monthly Report April 2010

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  1. Cathay Life (VN) Monthly Report April 2010 Investment, Finance and Accounting 2010.05.07

  2. 1 3 4 Vietnamese Market News Next month plan This month activities Contents 2 Innovation & Incentive Program

  3. 1.This month activities • Investment • USD / VND time deposit re-investment to match cash flow needs in the future. • Following up international and domestic bond market • Seek opportunity to invest government bond • Accounting & Finance • Internal and External Accounting report (P&L, Tax reports.Q1 Auditing report …) • Tax registration for D.Nai branch • Launching new function system about Insurance payment by ID and bank account • Completed testing profit centerreports ,the first draft of the allocation report has been released out • Innovation and Incentive Program

  4. Contents Innovation and Incentive Program Objective Rule and Eligibility Process and Templates

  5. Innovation Incentive Objectives QUALITY OF SERVIES COST SAVING Company success Encourage employees share thoughts / ideas on business issues to improve current situation and cost saving. Build a positive impact on “go-go” innovation and employee morale in a professional working environment.

  6. Innovation Incentive All employee of Cathay Life Vietnam, either individuals or team. Participant EVP : Leader Director levels : Assistant Accounting : Coordinator Committee 3% of Net Savings, up to a maximum of VND 20,000,000. Awards Rule and Eligibility

  7. Innovation Incentive Templates FORM A PROPOSAL FOR INNOVATION FORM B PROJECT APPRAISAL REPORT (PAR) FORM C PROJECT EVALUATION REPORT (PER)

  8. Innovation Incentive 1 2 3 Idea capture indicates the main scope of innovation and its benefit. Initial review Committee is doing an initial Assessment the potential feasibilities. PAR issued indicates how ideas are put in practice relating to the tasks, analysis results and comments. Process Form A Form B

  9. Innovation Incentive 4 5 6 Key review Considers the factors: resources, finance, technical issues… to make decision BOD review. Upon BOD approval, a Project Manager (PM) will be assigned in implementing. Implement Brings the PAR into the practice. PM has to monitor any difficulties or obstacles caused. Process (Cont.)

  10. Innovation Incentive 7 8 9 Flash award Appraisal Evaluate the success of project via a PER and also propose the awards. Recognition Incentive to employees has contributed the developed innovation idea. Process (Cont.) Form C

  11. April CPI increased slightly by 0.14% m/m and y/y went down a little bit to 9.23% (9.46 in March). 4. Market News Vietnam CPI CPI break down

  12. Export: USD 20.16bio (TYD), 8.9% y/y. Import: USD 24.81bio (YTD), 36% y/y. Trade deficit: 4.65bio (YTD) Market News International Trade Vietnam Imports and Exports (%) Trade deficit ($ million)

  13. The first 4 mths of 2010 showed an increase compared with the first 4 mths of last year. Market News Industrial Output Vietnam Industrial Production YTD y/y

  14. Market News Foreign Exchange Foreign Vietnam Dong has been appreciated compared with US dollar recently. • Official rate : 18930- 19000VND/$ • Unofficial rate :18940 -18990VND/$ USD/VND rate h3.4% 17,491-18544 h5.4% 17,034-17961

  15. 4.Next month plan • Follow up Auto pay project (continue) • Continuously follow-up the budget performance system and support all departments in budget controlling. • Audited by parent company • Keep following the progress of fund management company with ICC • Start investment project ─ schedule time and topic about financial market and do presentation. • Keep on cash managing to match cash flow needs in the future. • Following up international and domestic bond market, including economic indicators and bond trading activities 1 2 3 4

  16. THE END Accounting & Finance Thank You !

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