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Vinamilk to shut down its Cambodian office

Vinamilk to shut down its Cambodian office

Vietnamese dairy giant Vinamilk will shut down its representative office in Cambodia when its licence expires on March 5, it said in a disclosure document to the HSX late last week.

The office opened in 2014 after the company obtained an investment licence to build a $23 million manufacturing plant in Phnom Penh, part of a joint venture with Cambodia’s Angkor Dairy Products Co Ltd.

Vinamilk did not provide a reason for closing the office or indicate its plans for the dairy factory in the disclosure document.