Vietnam: Vinamilk stake sale set to flop after govt puts investment caps

Vietnam: Vinamilk stake sale set to flop after govt puts investment caps

Vinamilk products are displayed for sale at a Vinamilk shop in Hanoi, Vietnam May 16, 2016. REUTERS/Kham

The Vietnamese government will likely fail to sell much of the 9 percent stake it has offered in dairy firm Vinamilk, one of its most attractive assets, with investors put off by highly restrictive investment caps and unfavourable market conditions.

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