Vinamilk plans Polish subsidiary

The Ministry of Planning and Investment on Monday granted the Viet Nam Dairy Products Joint Stock Company (Vinamilk) a licence to open a subsidiary company in Poland.

With a registered capital of US$3 million, Vinamilk Europe Sp z.o.o will focus on the wholesale trade of animals, raw materials for making milk and milk products and food and beverages, according to NDHmoney.vn.

The company will be Vinamilk's seventh subsidiary, including one each in the US and Cambodia.

In the last one month, the stock price of Vinamilk, or VNM on the stock exchange, closed in the margin between VND120,000, or $5.7, and VND137,000, or $6.5, per share. The average volume of exchange was 410,748 units at an average price of VND53.5 billion, or $2.54 million, per section.

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