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Vietnam’s Stocks: Pacific Property, PetroVietnam Drilling

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Jan. 13 (Bloomberg) -- 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.

To contact the Bloomberg News staff on this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

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