TH true Milk plans to corner Russian fresh milk market
(VOV) - The finishing touches are being put on a plan by TH True Milk Joint Stock Company to invest more than US$1 billion in the Russian dairy industry in what promises to be a ‘game changer’ for Vietnam in the rapidly expanding market.
The announcement was made by Vietnam Ambassador to Russia Nguyen Thanh Son at a meeting with government leaders in Moscow on January 20 discussing the establishment of a Vietnamese industrial zone in the city.
Son said many other Vietnamese enterprises operating in the garment and textile, agriculture and food sectors have also expressed an interest in the industrial zone and most likely will follow suit.
In addition, several Vietnamese pharmaceutical companies are contemplating expanding into the Russian market and industrial zone, Son added.
Both sides have agreed to speed up negotiations to get the industrial zone up and running in the near future.