Vietnam's leading dairy firm TH Group inaugurates large-scale plant in Russia
TH Group inaugurated its state-of-the-art fresh milk processing plant in Borovsk district in Kaluga oblast of Russia on Sunday.

Thai Huong, founder and chairwoman of the strategy council of TH Group, addresses the launching ceremony of a high-tech dairy farming and milk production project in Russia, May 11, 2025. Photo courtesy of Vietnam News Agency.
The ceremony was attended by Vietnam's Party General Secretary To Lam and Russian Deputy Prime Minister Dmitry Chernyshenko, as part of the Vietnam-Russia Business Forum held in Moscow.
Speaking at the forum, Lam congratulated both nations on the growing economic cooperation. He highlighted the vital role of businesses in fostering the bilateral ties and expressed confidence that future collaboration will extend beyond agriculture into areas such as science-technology, energy, and manufacturing.
The plant’s launch ceremony was held simultaneously in both Moscow and Kaluga, with senior leaders from both Vietnam and Russia, along with business representatives, symbolically pressing the activation button for the new facility.
The factory completes a crucial link in TH’s closed-loop production chain - “from green pastures to pure milk” - and will produce a range of high-quality dairy products under the TH True MILK brand.
Speaking at the ceremony, Thai Huong, founder and chairwoman of the strategy council of TH Group, stated that the project has set a new benchmark for Vietnamese international investment.
She praised the consistent investment-friendly policies of the Russian Government, especially in recent years, which have enabled TH to support domestic production and reduce reliance on imported dairy products.
Kaluga Governor Vladislav Shapsha expressed his pride in hosting a major international investment project like TH’s. He emphasized that such ventures are accelerating the growth of the region’s dairy farming sector, placing Kaluga at the forefront of milk production growth across Russia.
Following the launch, production lines at the TH plant officially went into operation. The plant has a total capacity of 1,000 tons per day, with the first phase producing 500 tons daily.
All milk used at the plant is sourced from TH’s high-tech farms in the Moscow and Kaluga oblasts. TH milk boasts a high nutritional profile, with a fat content of 4% and protein at 3.2% - among the highest quality levels in Russia.
In addition to fresh milk, the plant will also make a range of Russian-style dairy products, including smetana (sour cream), drinking yoghurt, kefir, butter, cheese, ice cream, and a variety of health-focused beverages.
TH true MILK products made in Russia will serve both the domestic market and be exported to regional and international markets such as the BRICS countries and the Asia-Pacific.
The project has revitalized tens of thousands of hectares of farmland in Moscow and Kaluga while creating over 500 jobs for Russian workers.
- Read More
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7