Viet Nam removes foreign ownership cap in "Vinamilk"
20 Jul 2016
On 20 July 2016, the State Securities Commission has allowed to increase the foreign stake in "Vinamilk" to up to 100 per cent, up from 49 per cent previously. "Vinamilk" is a Viet Nam Dairy Products Joint Stock Company, which is one of the country’s largest companies with a market capitalization of about USD 8 billion.The government, represented by the State Capital Investment Corporation (SCIC), holds about 45 per cent stake in "Vinamilk".
Reportedly, this is the first significant state-owned enterprise in Vietnam to completely remove foreign ownership limits.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Manufacturing (Manufacture of food products, beverages and tobacco products)
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Sources:
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Economist Intelligence Unit, Foreign ownership limits on Vinamilk lifted, http://country.eiu.com/article.aspx?articleid=1744448358&Country=Vietnam&topic=Economy&subtopic=Forecast&subsubtopic=Policy+trends&u=1&pid=644815248&oid=644815248&uid=1, 26 Jul 2016
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Deal Street Asia, Vietnam allows foreigners to own 100% in dairy giant Vinamilk, move set to boost inbound FDI, http://www.dealstreetasia.com/stories/vinamilk-becomes-first-major-state-firm-to-slash-foreign-holding-limit-48032/, 21 Jul 2016
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The Wall Street Journal, Vietnam Churns Investor Interest by Lifting Foreign-Ownership Limit on Vinamilk, http://www.wsj.com/articles/vietnam-churns-investor-interest-by-lifting-foreign-ownership-limit-on-vinamilk-1469017620, 20 Jul 2016
