Vietnam is investing in the Russian agricultural sector $2.7 billion

15.03.2017

Vietnamese business is ready to invest in the development of agriculture of Kaluga, Moscow regions and the Far East $2.7 billion

This became known at the meeting, Deputy Prime Minister Yuri Trutnev with the President of the Vietnamese company "T-h TRU milk" (TH True Milk) Thai Huong.

The company intends to create a range of dairy farming in the Far East. The company now carries out the localization of production facilities in the Kaluga region. It is planned to realize the investment project on construction of livestock farms (45 thousand heads of dairy cattle) and dairy plant with capacity of 300 thousand tons of milk per year. In addition, the project plans the construction of the greenhouse complex. The volume of investments into the project will amount to $ 400 million. Start of production is planned for 2019.

The company intends to invest in companies in Russia $ 2.7 billion, 1 billion of which will be in Kaluga and Moscow region, the remaining funds will go to the Far East.

The region of interest to investors with its nature and proximity to the markets of the Asia-Pacific region.

"The far East has favourable conditions for crop and livestock production. We will be there to develop the business to not only cover the deficit (food for the domestic market DFO – ed.) and to export products," — said Thai Huong.

According to her, the Russian far East is in close proximity to these markets, where a large deficit is ecologically clean, organic products – China and Japan, and this opens up great opportunities. Yuri Trutnev has promised full support in the implementation of this project.


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