VE1: Notice of transaction of Directors, PDMR (Mr. Phan Hiep)

VE1 announces the notice of transaction of Directors, PDMR (Mr. Phan Hiep) as follows:

- Name of issuer: VNECO 1 Electricity Construction JSC

- Stock code: VE1

- Name of person discharging managerial responsibility/Director: Mr. Phan Hiep

- Position: Chief of Supervisory Board

- Securities type: Common stock

- Number of shares held by the shareholder: 18,100 shares

- Number of shares to be disposed: 3,000 shares

 Purpose of transaction: Personal

- Expected date of transaction: From 10/3 – 8/4/2010.

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