Vietnamese Ambassador Nguyen Thanh Son, and Chairwoman of TH True Milk Thai Huong (in brown coat) during a visit to Kaluga province on May 13-15 (Source: VNA)
Moscow (VNA) – The Vietnamese dairy firm TH True Milk is looking to expand its investment in Russia following its first project on dairy cow breeding and farming in the European country.
The group’s delegation expressed the intention during a three-day visit to Russia’s Kaluga province from May 13-15.
Following a tour of local farms and production facilities of the Russian-Germany join venture EkoNiva-Kaluga, Chairwoman of TH True Milk Thai Huong highly evaluated Kaluga’s business climate. She said she hopes to invest in a dairy cow breeding and vegetable farming project in the province.
Kalua Governor Artamonov said it is important that Vietnamese enterprises come to study investment opportunities in the province, adding that he hopes the TH True Milk will find attractive investment conditions and potential partners in the locality.
Russia is the first offshore investment destination of the TH True Milk. The group is expected to start work on its dairy cow breading and farming cluster in Moscow during Prime Minister Nguyen Xuan Phuc’s official visit to Russia this month.
Kaluga could be the group’s next destination in Russia.
With the projects, TH True Milk is said to have seized opportunities offered by Russia’s current agricultural stimulating policy while helping to bolster bilateral relations between Vietnam and Russia, contributing to lift two-way trade turnover to 10 billion USD in 2020.
TH True Milk broke a record by the India-based Asian Record Organisation to become the top Asian large-scale and high-tech dairy farm in 2015.-VNA
