Vietnam dairy firm eyes investment opportunities in Russia
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.
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 Vietnaꦉmese 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
The Vietnamese dairy firm TH True Milk is interested in expanding its business in Russia by investing 2.5 billion USD in a project on dairy cow breeding and processing of dairy products.
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.
Deputy Prime Minister Hoang Trung Hai and Russia’s First Deputy Prime Minister Igor Shuvalov discussed ways to further promote future economic and trade links between Vietnam and Russia.
Vietnamese and Russian tourism businesses signed cooperation agreements to increase the exchange of tourists between the two countries and support each other in implementing tourism development plans.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
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.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
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.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
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)
