A yield criterion is developed which unifies void growth and void coalescence theories. Standard void growth theory assumes that plastic flow is diffuse, if not prevalent everywhere within the matrix of the elementary cell considered. On the other hand, void coalescence theory assumes states of post-localized plasticity whereby plastic flow is restricted to intervoid ligaments. The new theory accommodates both scenarios through some appropriate choice of microscopic velocity fields. An important implication for actual evolution problems is a seamless transition from void growth to void coalescence. This is in contrast with previous hybrid approaches whereby abrupt transitions are associated with the presence of unavoidable corners in the effective yield surface. More generally, the new criterion is applicable to describe yielding in porous metal plasticity for both low and high void volume fractions.