Vietnam's government has removed a longstanding foreign-ownership limit on one of its most coveted listed companies, which could further stimulate overseas interest. Vinamilk, which dominates the local dairy industry and is one of the country's largest companies with a market capitalisation of about US$8 billion, said the State Securities Commission had confirmed removal of the limit, allowing foreigners to own 100% of the company, up from 49% now. The move is a defining moment for Vietnam's market, and for a government that has been trying to streamline its state sector and liberalise its stock market, but with frustratingly slow progress.