The potential sale of 70.82% of CP Vietnam to Hong Kong-based CPP for $609 million has Vietnamese animal feed producers concerned about foreign control over the domestic market, according to reports.

“The livestock infrastructure in Vietnam remains very weak," said Van Duc Muoi, general director of animal feed producer Vissan. CP Vietnam is currently a major controller of farm materials that serve Vietnam's livestock feed production. 


Both CP Vietnam and CPP have said that the sale would not negatively affect the market, and that no definite plans have yet been made.