News

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.

Gross Domestic Product (GDP) growth of Hanoi, the capital of Vietnam, is likely to reach 10.13% in 2011, lower than the earlier target of 12% but 1.67 times higher than the country’s average growth.

Vietnamese stocks closed down for a third straight day today as both local and foreign investors sold shares to minimize risks.

The Hanoi Stock Exchange (HNX) announces that the exchange will suspend trading on Monday January 2, 2012 (extra day-off according to Labor Laws) on occasion of Solar New Year.

The UPCoM-Index, the measure of 127 unlisted public companies, closed up on Thursday, bucking the trend of the primary bourse HOSE.

Foreigners were net sellers on both HOSE and HNX on Thursday after 2 days being net buyers on the primary bourse HOSE.

Vietnam likely control inflation at 9% in 2012, PM Nguyen Tan Dung said at the Consultative Group (CG) meeting, adding that in 2012, Vietnam will continue implementing the key contents of Resolution 11 and restructuring the economy.

iShares Funds has filed paperwork with the SEC for a “iShares MSCI Vietnam Investable Market Index Fund.”

Vietnamese stocks continued to close down today as local investors sold shares as multiday rally hope faded away after the central bank decided to merge Ficombank, Saigon Commercial Bank and TinNghiaBank due to their loss of liquidity.