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Vietnam Stocks: Long Giang Investment, Binh Chanh Construction

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Dec. 17 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 1.1 percent to 485.29 at the 11 a.m. local time close. The index gained 2.6 percent this week.

Long Giang Investment and Urban Development Joint-Stock Co. (LGL VN), a civil engineering and construction company, rose 2.2 percent to 19,000 dong. The company’s Chairman Le Ha Giang has raised his stake to 21.6 percent from 13.5 percent, according to a statement on the bourse’s website.

Binh Chanh Construction Investment Joint-Stock Co. (BCI VN), a real-estate developer, climbed 3.9 percent to 32,200 dong, the highest since Nov. 8. Binh Chanh will pay its shareholders a dividend of 700 dong a share on Jan. 20, it said in a statement posted on the exchange’s website.

Hoa Binh Rubber Joint-Stock Co. (HRC VN) gained 2.4 percent to 63,500 dong, the most since Dec. 1. Rubber advanced for a second day, climbing to a record as heavy rains in the south of Thailand, the world’s biggest exporter, increase concerns over tightening supply amid an improving outlook for demand.

To contact the Bloomberg News staff on this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net