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Vietnam’s Stocks: Binh Duong Trade, Petrolimex Gas, VietinBank

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Dec. 19 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, added 0.4 percent to 367.4. The gauge lost 3 percent last week.

Binh Duong Trade & Development Joint-Stock Co. (TDC VN), a property development company, fell 2.3 percent to 8,600 dong. The company forecast net income will total 191 billion dong ($9.1 million) this year, missing its target of 208.7 billion dong, according to the exchange’s website. Profit may be 206 billion in 2012, it said.

Petrolimex Gas Joint-Stock Corp. (PGC VN), a petrochemical company, gained 2 percent to 5,200 dong. The company will make the second payment of its 2010 dividend of 500 dong a share from Jan. 16, according a statement on the bourse’s website.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG VN), the country’s second-biggest bank by assets, climbed 4.8 percent to a five-day high of 17,500 dong. VietinBank, as the company is known, will form a new unit to carry out global money transfer businesses, according to a statement on the exchange’s website. The bank opened a branch in Laos last week, it said.

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: Darren Boey at dboey@bloomberg.net

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