NVN: Explanation for business result in Q3/2012

House Viet Nam Joint Stock Company explained the fluctuation in consolidated business result between Quarter 3/2012 and Quarter 3/2011:

By: VND

No.	Item	Quarter 3/2011	Quarter 3/2012
1	Revenue	12,777,241,782	29,384,600,000
2	Profit after tax	(970,165,067)	(2,421,556,813)

Reason:

-         In Quarter 3/2012, House Viet Nam Joint Stock Company had to pay VND8,748,000,000 for the capital contribution and contract violation to two partners in the two land lots in Trade and Kindergarten Center under the Truong Thanh project, district 9, Ho Chi Minh city.

HOSE

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