Vietnam planning US$900m Vinamilk stake sale: sources

Hong Kong

VIETNAM has invited about half a dozen foreign investment banks to advise it on selling its stake in dairy company Vinamilk, sources said, in one of the strongest signs yet of the government getting serious about offloading its most lucrative assets.

Credit Suisse, HSBC, JP Morgan Chase, Nomura Holdings and advisory firm Rothschild are among the firms that recently received requests from Vietnam's government, several sources with direct knowledge of the matter told Reuters.

The communist government's investment arm, the State Capital Investment Corporation (SCIC), holds a 44.7 per cent stake in Vietnam Diary Products JSC, as Vinamilk is f…