Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 1.2 percent to 484.12 at the 11 a.m. local-time close.
Pacific Property & Infrastructure Development Joint-Stock Co. (PPI VN), a construction company, climbed 1.4 percent to 21,100 dong. Thanh Viet Fund Management Joint-Stock Co. bought 6.97 percent stake in Pacific Property, according to a filing on the bourse’s website.
PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN), a provider of oil and gas services, rose 2 percent to 52,000 dong, the biggest gain since Dec. 17.
Oil traded near the highest settlement in 27 months after U.S. crude stockpiles shrank and a pipeline operator in Alaska planned to halt output to complete repairs to a leak.