The State Securities Commission of Viet Nam has allowed Viet Nam Dairy Products Joint Stock Company (Vinamilk) to increase its foreign stake to 100 per cent.

Currently, foreign investors hold a 49 per cent stake in Vinamilk.

The State Capital Investment Corporation (SCIC), which holds more than a 45 per cent stake in Vinamilk, plans to divest from the company. However, SCIC has not yet released a concrete divestment itinerary.

VNS