The Vietnamese dairy firm TH True Milk is interested in expanding itsbusiness in Russia by investing 2.5 billion USD in a project on dairycow breeding and processing of dairy products.

The initiative wasannounced at a working session on July 6 between Governor of Moscowprovince Andrey Vorobiov, Vietnamese Ambassador Nguyen Thanh Son and THTrue Milk Chairwoman Thai Huong.

Accordingly, about 200,000 milk cows will be raised on an area of 80,000 hectares.

Atthe meeting, Ambassador Son showed confidence that the TH True Milkproject will be successfully implemented in Moscow province and itsproducts will meet the strict standards of the Russian market and beable to compete with dairy products imported from other countries.

GovernorVorobov appreciated Vietnam’s investment and said that agriculturaldevelopment including the diary industry has enjoyed incentives andsupport from the Russian government.

He pledged to create a niche for TH True Milk to carry out the project.

The project will be divided into three phases. After completinglegal procedures and necessary preparations, the first phase is expectedto kick off in late next year.

TH True Milk, a pioneer inpromoting clean dairy products in Vietnam, recently broke a record inthe India-based Asian Record Organisation to become the top Asianlarge-scale and high-tech dairy farm.

With a totalinvestment of 1.2 billion USD, the company’s highly automated farmproject in Nghia Dan district, central Nghe An province was opened in2009.-VNA