Speaking to the press after his talks with President To Lam during his State visit to Vietnam on June 20, 2024, Russian President Vladimir Putin mentioned TH Group as a clear example of the development of bilateral partnership in the agricultural sector.
President To Lam and President of the Russian Federation Vladimir Putin at a joint press conference
“Bilateral cooperation in agriculture is developing. Mutual supplies of agricultural products are increasing and the range of products is becoming more diverse. Vietnam’s TH Group is building milk processing plants in several regions of Russia, including the Kaluga and Primorye regions. Last year, the construction of the first part of a livestock complex in the Moscow region with 6,000 dairy cows was completed,” the Russian President said at a press conference after talks with President To Lam.
Previously, in his sharing about the Russia-Vietnam partnership right before the visit, President Putin’s article published in Nhan Dan newspaper on June 19 also stated that TH Group is a typical enterprise that has successfully seized investment opportunities in the Russian market. He expressed his hope that Vietnamese enterprises will be more active in taking advantage of these great opportunities.
Russian President Putin at a press conference after talks with Vietnamese President To Lam. Photo: VNA
The TH Group project that Russian President Vladimir Putin mentioned is the High-tech Dairy Farming and Milk Processing Complex deployed in the Russian Federation with a scale of up to 2.7 billion USD. To date, this is the largest Vietnamese agricultural project abroad with the largest investment capital.
The desire to show gratitude to Russia from Vietnamese morality
When TH started the mega project in Russia, answering the question of why they decided to invest, the Group's Founder shared many times with the media that the project carried within it the love for Russia and was also a gesture of gratitude to Russia, which had spared no effort to help Vietnam during the most fierce period of fighting foreign invaders. Moreover, after Vietnam won and completely liberated the country, Soviet construction experts, engineers, doctors, teachers and scientists helped Vietnam rebuild the country.
But it is not just a story of emotions, Ms. Thai Huong also said that TH went to Russia because she wanted to grasp the "golden spot" in business, seeing the great potential and business opportunities here.
TH Group implemented the project of Dairy Farming and Milk Processing Complex in the Russian Federation at a time when Russia was under sanctions from Western countries, and Russian people were lacking milk and dairy products.
General Secretary Nguyen Phu Trong attended the groundbreaking ceremony of TH Fresh Milk Processing Factory in Kaluga - Russia in 2018
Her strategic vision has seen the “milk shortage map” in Russia. Statistics from 2013 to 2017 show that the amount of raw milk produced in Russia is about 20 million tons, accounting for 76% of the raw milk produced. The amount of imported milk shortage from abroad is about 7 million tons/year, accounting for 24%. And that is the huge market opportunity that TH has seen.
“The strategy of following the milk shortage map of the Russian Federation not only ensures the feasibility of the Project, reduces costs, transportation time and product distribution, but also contributes to the Russian State and people to increase self-sufficiency in milk and dairy products, and at the same time aims to export to international markets, especially China and Asia-Pacific markets,” Ms. Thai Huong shared.
In September 2017, within the framework of the Eastern Economic Forum held in Vladivostok, Ms. Thai Huong had the honor to meet, have dinner and discuss investment plans in agriculture in Russia with President Vladimir Putin. This was an event where the Founder of TH Group was the only woman among 40 investors to meet President Vladimir Putin, and was one of five foreign investors invited to speak. After listening to her presentation of her plan, President Vladimir Putin respectfully affirmed that Ms. Thai Huong is a talented businesswoman, presenting a perfect action plan, of the caliber of an international businesswoman.
Ms. Thai Huong (red shirt) at the meeting with President Putin at the Eastern Economic Forum 2017
With the successful experience of the TH true MILK Dairy Farming and Fresh Milk Processing Project with a total capital of 1.2 billion USD, laying the foundation for the clean fresh milk industry and creating a clean fresh milk revolution in Vietnam, TH Group has implemented the Project in Russia with seriousness, professionalism and the humanity of the brand as the guiding light.
Quote: I went to Russia during the embargo period with the very natural morality of a decent person, like the Vietnamese proverb "when eating the fruit, remember the one who planted the tree", because in my subconscious I still remember, when the country was at war, Russia spared no effort and money, standing side by side in the cause of national liberation of my country. This wholehearted help has nurtured in me and the Vietnamese people a deep love for Russia and I always wish to visit Russia one day. (Hero of Labor Thai Huong - Founder, Chairman of the Strategy Council of TH Group)
Project to connect Russian people's feelings for Vietnamese brands
When investing in Russia, the Founder of TH Group assessed: "The Russian Federation Government - headed by President Putin, with his talented, strong and dynamic leadership, has had appropriate policies to awaken and arouse the great potential of agriculture that has been forgotten for a long time, bringing Russia to rise with the conditions to become an agricultural powerhouse, not only meeting domestic needs but also exporting to the world".
For TH, it is an attractive reimbursement policy of up to 30% of the cost of building a dairy farm, preferential interest rates of 3/4, financial support for each herd of purebred cows, each inch of reclaimed land, each liter of milk produced... Along with that is the constant improvement of infrastructure, logistics, energy systems... According to businesswoman Thai Huong, Russia's agricultural investment incentive policies are very transparent and attractive, encouraging domestic and international investors to focus on this field, practice has proven that. TH projects have received support and assistance from all aspects of the Federal and local governments.
Currently, TH farms in the Russian Federation have about 7,000 dairy cows.
It is known that right from the beginning when researching investment in Russia, TH Group proposed that the local government introduce farms and cooperatives that used to raise dairy cows in the former Soviet Union. According to Ms. Thai Huong, the Soviet Union had a very developed dairy farming industry, so Soviet scientists certainly chose to develop farms in the best locations with the most suitable soil and land. Although after the collapse of the Soviet Union, these farms were abandoned for 20-30 years, with trees growing into forests, but as long as they invested, it would be very convenient to implement the project.
Up to now, the TH Group Project in Russia has made steady progress, becoming a bright spot in the Vietnam-Russia economic cooperation relationship. In the provinces and territories where the Project is being implemented, the TH Group has invested hundreds of millions of dollars in modern machinery, turning tens of thousands of hectares of land abandoned for decades in Russia into fertile, high-yield fields and high-tech dairy farms, bringing job opportunities to many local people - who have returned to work happily in their homeland. That creates an advantage for the business, creating a sentiment for the brand here.
TH's raw material fields in the Russian Federation
At the groundbreaking ceremony of TH Group's dairy farming and milk processing project in the Far East, Mr. Korenchuk Alexey Alexandrovich - District Chief of Yakovlevsky District, Primorsky Region - was moved to send a simple thank you to the investor TH: "After the process of researching, evaluating the documents and working directly with TH, I confidently affirm that TH is a very professional foreign investor. And I am sure that the project will be successful. At this time, I just want to, on behalf of the people of Yakovlevsky District and the people of Russia, send my thanks to TH Group for investing in our homeland."
Reality has shown that TH has technology, people, experience and is accelerating the effectiveness of project implementation in Russia. TH Group has been successful in Vietnam with projects on dairy farming, high-tech fresh milk processing, has become a pioneer fresh milk enterprise, laid the foundation for the fresh milk industry and created a fresh milk revolution in Vietnam. Those experiences are the "handbook" that brought TH to Russia and continued to pioneer achievements in this market with serious, genuine and methodical investment, becoming a bright spot in the Vietnam - Russia friendship, contributing to strengthening the good relationship and comprehensive strategic partnership of the two countries.
TH's milk project in Russia has created more jobs for local workers.
Currently, the total dairy herd at TH farm in Moscow province is nearly 3,000, of which half of the cows are giving milk. Here, TH is completing the farm to reach the size of 6,000 milking cows (total of 12,000 heads).
And in Kaluga province, the total herd at TH's farm is 3,300.
In the Far East, TH Group has just started the milk project with an investment of 19 billion RUB, the size of 6,000 milking cows (total of 12,000 heads). Since 2021, TH has reclaimed and planted soybeans here.
The fields of TH in Moscow and Kaluga provinces are always considered as sample fields, chosen as the venue for cultivation competitions, agricultural machine exhibitions ... Dairy farms are also developing day by day.
PV
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