Vietnamese Business to Invest Additional $1.7 Billion in Russian Dairy

PHOTO by Ramil Sitdikov / RIA Novosti

Vietnamese dairy company TH True Milk intends to invest $1.7 billion in dairy farming and the cultivation of fruit and medicinal plants in Russia’s Far East. Thai Huong, the company’s CEO, spoke about the plan after a meeting with Yury Trutnev, plenipotentiary of the Russian president in the Far Eastern Federal District, Lenta.ru reported.

Thai Huong noted that dairy farming was a priority in this project. The products produced in Russia, according to Huong, could be exported to Japan and China, where there is a deficit of environmentally friendly products.

The Vietnamese agricultural holding company has already implemented two projects in the Kaluga and Moscow regions that are focused on breeding cows and producing dairy products.

“The total volume of projects in Russia planned by our holding amounts to about $2.7 billion,” Huong said. “Of these, about a billion dollars have already been invested.”

The TH Group is a diversified investment company operating in the fields of agriculture, timber production, mining and healthcare. It is the largest supplier of dairy products in Vietnam and the owner of the True MILK brand.