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Vietnam’s Stocks: Traphaco, Dong Phu Rubber, Southern Rubber

Dec. 30 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.6 percent to 481.40.

Traphaco Joint-Stock Co. (TRA VN), a pharmaceuticals producer, rose for a second day, adding 3.9 percent to 53,000 dong, the highest since October 2009. Traphaco plans to pay a 2010 dividend of 2,000 dong a share from Jan. 26, according to a company statement filed on its website.

Rubber Stocks: Dong Phu Rubber Joint-Stock Co. (DPR VN), the country’s second-largest listed producer of the commodity, gained for a fifth straight day, climbing 1.5 percent to 67,000 dong. Southern Rubber Industry Joint-Stock Co. (CSM VN) rose 4.2 percent, the most since Dec. 13, to 32,000 dong.

The export price for Vietnam’s rubber has reached a record high, exceeding $5,000 a ton, Thoi Bao Kinh Te newspaper reported, citing Le Quang Thung, chairman of the Vietnam Rubber Association. The group forecasts prices will stay at this level until the middle of 2011, the reported said, citing Thung.

To contact Bloomberg News Staff on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

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

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