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CNG - NON RATED - 1H2012 results update - Visit Note

CNG Vietnam is one of the leading compressed natural gas (CNG) distributors for industrial users in Vietnam, accounting for 46% of the total market share in the country. CNG Vietnam started distributing CNG since 2009. Demand for CNG has increased drastically since it was first introduced – the CNG market has more than doubled in 2011 alone. In the last four years, CNG Vietnam has seen 35% CAGR in revenue and 68% in net income.