Vietnam’s biggest producer of dairy goods aims to beef-up its domestic market dominance by snapping up a significant stake in a major competitor which also ploughs a sizeable furrow in the wider agricultural sector.
Dairy industry giant Vinamilk has offered to acquire a 47% stake in GTNFoods JSC which, at present, owns 51% of Moc Chau Milk JSC and two other state-run agricultural companies, according to a filing with the Ho Chi Minh Stock Exchange.
The move is significant because it signals the intention of the country’s largest dairy producer to milk the potential not just of Vietnam’s burgeoning demand for dairy products but that...
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