Bloomberg News

Vietnam’s Equity Mover Column: Vietcombank, Sacombank

January 12, 2012

Jan. 12 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close today.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.2 percent to 348.11.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed lender by market value, increased 1.9 percent to 21,000 dong, the highest close since Dec. 30. The lender will raise registered capital to 23.2 trillion dong ($1.1 billion) from the current 19.7 trillion dong, it said in a statement on the stock exchange’s website.

Saigon Thuong Tin Commercial Joint-Stock Bank (STB VN), known as Sacombank, fell 1.1 percent to 17,700 dong. Bien Hoa Sugar Joint-Stock Co. sold its 0.13 percent stake in the lender on Jan. 10, according to a statement on the bourse’s website.

--Nguyen Kieu Giang. Editor: Chan Tien Hin

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at

To contact the editor responsible for this story: Darren Boey at

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