Plant-Based Diet Craze Spurs Vietnam Coconut Star to Sell Shares

Vietnam’s biggest coconut milk producer plans to sell shares to the public in the next few years as sales soar thanks to a groundswell for plant-based diets in the West.

Ben Tre Import & Export JSC, which sells the coconut milk mainly to the U.S. and Europe, aims to go public by 2023, though it could be sooner if a major stake sale to foreign investors goes ahead next year, according to Vice Chairman Thai Van Chuyen.