Vietnam allows foreigners to own 100% in dairy giant Vinamilk, move set to boost inbound FDI

In a significant development, the Vietnamese government Wednesday lifted the 49% foreign holding cap in state-controlled Vietnam Dairy Products (Vinamilk) and the move is bound to attract investors interest in one of the fastest growing frontier markets.

This means foreign ownership at Vinamilk, that dominates the country’s diary market,  can now go up to 100 per cent in the company whose capitalisation is $8.4 billion,

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