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Vietnam’s Stocks: PetroVietnam Fertilizer, Tan Cang, Nam Viet

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Dec. 22 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, retreated 0.1 percent to 481.53.

PetroVietnam Fertilizer & Chemical Joint-Stock Co. (DPM VN), Vietnam’s biggest listed fertilizer producer, slumped 5 percent to 38,200 dong. PetroVietnam Finance Co. plans to sell 2 million of shares to cut its holdings in the fertilizer producer to 1.1 percent from the current 1.63 percent, according to a statement on the exchange website.

Tan Cang Logistics and Stevedoring Joint-Stock Co. (TCL VN), which offers port services, rose 4.7 percent to 31,200 dong, the biggest gain since Dec. 2. The Ho Chi Minh City-based company plans to pay its investors a 2010 dividend of 2,000 dong per share, it said in a statement on the bourse’s website.

Nam Viet Joint-Stock Co. (NAV VN), a Ho Chi Minh City-based property developer, jumped 4.3 percent to 12,100 dong. The company estimates fourth-quarter pretax profit to be at 5.5 billion dong ($280,000), compared with 4.4 billion dong in the same period last year, according to company figures on the exchange’s website.

To contact the Bloomberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at Uyen1@bloomberg.net

To contact the editor responsible for this story: K. Oanh Ha in Hanoi at oha3@bloomberg.net