A supermarket selling milk in Russia (Photo:Internet)
Hanoi (VNA) – The Prime Minister has recently approved an overseas investment plan on building a cow farming a𓂃nd milk processing complex in Russia .
The complex, invested by the Nghe An Sugarcane and Sugar JSC, has a total investment capital of 11.25 trillion VND (500 million USD). The project will be implemented in five districts of Moscow province, Russia .
The PM asked the Ministry of Planning and Investment to speed up procedures to grant an overseas investment registration certificate for the project in accordance with regulations.
The State Bank of Vietnam is requested to supervise and𓆏 instruct the company, in correctly abiding by the current regulations on foreign exchange management.
The Ministry of Labour, Invalids and Social Affairs is asked to guide the company in sending Vietnamese guest workers to Russia to implement the project under the contract in accordance with regulations.-VNA
With an average annual growth rate of 15-20 percent, the dairy industry has potential to attract investment despite the current economic difficulties, the Saigon Giai Phong (Liberated Saigon) online newspaper reported.
The Vietnam Husbandry Association is urging the country's dairy industry to develop its cattle and use modern technologies so it could diversify and raise the quality of its products.
The Vietnam Dairy Products JS Co. (Vinamilk) has signed a framework agreement for cooperation with Lam Dong for breeding dairy cows in the Central Highlands province through 2020.
The TH True Milk brand name under the TH Group won three gold prizes at the Tasting Contest as part of the World Food Moscow 2015 exhibition held in Moscow from September 14-17.
Vietnam’s TH Group has caught interests from the 2nd International Agricultural Dairy Forum in the Moscow region, Russia which looked to develop dairy and cattle farming industry to minimise imports.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
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A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
A supermarket selling milk in Russia (Photo:Internet)
