The sale of a 9 percent stake in Vietnam's state-controlled dairy company Vinamilk VNM.HM may take place in late November or early December, a senior official of the State Capital Investment Corporation (SCIC) said on Tuesday.

SCIC deputy chief executive officer Nguyen Hong Hien disclosed the planned timing of the sale at a conference, but gave no further details.

SCIC, which represents the government's ownership of 44.7 percent in Vinamilk, has said it would sell 9 percent of the company, the country's biggest listed firm, this year.

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