Vinamilk removes foreign ownership cap

The scrap was backed by the two biggest  shareholders – the State Capital Investment Corporation (SCIC), a sovereign fund which holds a 45% stake, and F&N Dairy Investment, with an 11% stake.

A specific roadmap for the expansion of foreign ownership has not been revealed. The company is valued at 7.85 billion USD and its brand is worth around 1.5 billion USD. Vinamilk reported revenue of 1.8 billion USD last year, and net profit of 348 million USD. An 11% rise in revenue and 6% rise in profit is expected this year.