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Vietnam’s Stocks: Binh Thanh, Phu Nhuan, Petroleum Equipment

Nov. 17 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell for a fifth day, dropping 0.3 percent to close at 425.50, the lowest since Aug. 25.

Binh Thanh Import-Export Production & Trade Joint-Stock Co. (GIL VN), a maker and seller of home-storage products, luggage and bags, declined 2.9 percent, to 20,200 dong, the lowest since Aug. 18, 2009. PXP Vietnam Fund Ltd., a major shareholder in Binh Thanh, has failed to sell the 50,000 shares it planned by Nov. 15, according to a PXP filing to the exchange website.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), the only listed trader of gold and precious stones, dropped 1.8 percent to 32,900 dong, the lowest since Aug. 27. Gold slid as the dollar traded near a seven-week high versus the euro, eroding the appeal of the metal as an alternative assets.

Petroleum Equipment Assembly & Metal Structure Joint-stock Co. (PXS VN) gained 4.8 percent, the most since Oct. 6, to 13,100 dong. The company plans to pay its first 2010 dividend at 1,400 dong a share, according to a statement on the exchange website. The company will also develop a new project to make welding equipment, the statement said.

To contact the Bloomberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at

To contact the editor responsible for this story: Darren Boey at

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