Vietnam’s Stocks: Cadovimex, PetroVietnam Finance, Saigon Beer

Nov. 26 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, was little changed at 439.94 at the 11 a.m. local time close. The gauge climbed 3.2 percent this week.

Cadovimex Seafood Import-Export Company Joint-Stock Co. (CAD VN), a processor and trader of seafood based in the southernmost province of Ca Mau, advanced for a fourth day, jumping 4.4 percent to 7,100 dong, the highest in two weeks. Net income tripled to 9.9 billion dong ($510,000) in the third quarter from 3.2 billion dong in the same period last year, according to a filing with the bourse.

PetroVietnam Finance Co. (PVF VN), a unit of Vietnam Oil & Gas Group, snapped three days of gains, sliding 4.9 percent to 21,500 dong, the biggest decliner today on the benchmark index. The Hanoi-based company posted a 90 percent drop in third-quarter profit to 29 billion dong, according to a filing with the stock exchange.

Saigon Beer Transportation Joint-Stock Co. (SBC VN), which buys and transports beer and soft drinks, increased 2.8 percent to 36,500 dong, the steepest rise since Sept. 17. The company plans to pay a dividend of 4,000 dong, it said in a statement on the exchange’s website.

To contact the Bloomberg News staff on this story: Diep Ngoc Pham in Hanoi at

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