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Vietnam’s Stocks: Vincom, Vietnam Sea Transport, Vietcombank

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May 18 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses, and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, declined for a fifth consecutive day, sliding 2 percent to 454.91, the lowest level since April 19.

Vincom Joint-Stock Co. (VIC VN), Vietnam’s biggest listed property company, slid for a fourth day, slumping 4.2 percent to 113,000 dong. Vincom plans to list 4.7 million additional shares on May 23, according to a statement on the exchange’s website. These extra shares were converted from corporate bonds previously issued by the company, the statement said, without elaborating.

Vietnam Sea Transport & Chartering Joint-Stock Co. (VST VN), a shipping service provider, fell for a seventh straight day, trimming 3 percent to 6,400 dong. The Ho Chi Minh City-based company’s profit declined to 3.93 billion dong ($191,000) in the first quarter of 2011 from 24.43 billion dong a year earlier, according to a statement on the bourse’s website.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed bank, rallied for a third day, rising 3.2 percent to 31,900 dong, the highest since March 21. Vietcombank, as the company is known, plans to revive plans to sell as much as a 20 percent stake to overseas investors, Chairman Nguyen Hoa Binh said by phone yesterday. Credit Suisse Group AG will advise on the sale planned for next year, Binh said.

To contact the reporter 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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