Vinamilk sets up subsidiary firm in Poland

Monday, Jun 02, 2014 16:05

A conrner of Vinamilk production line in Viet Nam. Vinamilk expects to supply aminal, milk and milk products for Poland market in the future. — Photo

HA NOI (Biz Hub) — The Ministry of Planning and Investment on June 2 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

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. — VNS

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