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Vietnam to hold second auction of Vinamilk shares next month

Sale of more than 3% of shares expected to raise more than $280m for national coffers

Representatives from Fraser and Neave in Singapore sign a contract after winning 5.4% of the 9% stake offered at the first Vinamilk auction in December 2016. (Photo by Kim Dung Tong)

HO CHI MINH CITY -- Vietnam's State Capital Investment Corporation, better known as SCIC, is planning to hold a public auction for a more than 3% stake in Vietnam Dairy Products (Vinamilk) on the Ho Chi Minh City stock exchange on Nov. 10*.

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