Stocks on the Hochiminh Stock Exchange plunged on Friday, dragging the market benchmark VN-Index to a one-month low, after the Ministry of Investment and Planning raised CPI forecast to 17-18% this year, well above initially projected 7%.

Vu Hien, a member of the Board of Directors of VNDIRECT Securities Corporation (VND) sold 1,252,000 shares out of his holding of 1,252,106 units from May 31 to June 27.

Nguyen Dinh Tu, chairman of the Board of Directors of Wall Street Securities JSC (WSS) has registered to buy 1.1 million shares from July 5 to August 30, expecting to raise his holding to 4.3 million units.

PetroVietnam Finance Land JSC (PFL) expects a net profit of VND106.6 billion on revenue of VND450.3 billion and a dividend payout at VND1,700/share in 2011, the firm said in its resolution of 2011 annual general meeting (AGM).

Vung Tau Petroleum Trading and Service JSC (VMG) announces its transaction office located at 110A Hoang Hoa Tham, Ward 7, Binh Thanh district, HCM City.

Manulife Asset Management (Vietnam) Co., Ltd. (MAMV) managing Manulife Progressive Fund (MAFPF1) announces the equity representative of PetroVietnam Finance Joint Stock Corporation (PVFC) in the fund MAFPF1 as follows:

General Production Investment Service Import Export Company (PISICO) whose member of the Board of Directors is Ngo Van Tong, Chairman of Binh Dinh Minerals JSC. (BMC) sold 219,110 shares from May 16 to June 30.

Phong Phu Pharmaceutical JSC (PPP) will delist 2,335,500 shares from UPCoM since July 11 to move to the Hanoi Stock Exchange.

Safoco Foodstuff JSC (SAF)) has got an approval in principle from the Hanoi Stock Exchange to list 1,515,105 new shares on the bourse, the Exchange posted on its website on July 1.

Nguyen Thanh Chung bought 592,800 shares or 6.07% stake of Bac Viet Steel Group (BVG) through June 21, becoming a major shareholder of the listed firm.