In 2018, TH Group has set its goal of expanding into the Vietnamese fresh milk market as it plans to invest hundreds of millions of dollars into the construction of numerous high-tech agricultural projects in Vietnam focusing on fresh milk as well as other food products that include organic vegetables, herbs and fruits.
The group is now fast-tracking the construction of its large-scale high-tech dairy farm in the south-central city of Phu Yen. The project’s first phase, worth US$53 million, covers 82 hectares of land. “We will also implement many other foodstuff projects,” said Thai Huong, Founder of TH Group.
The group is also boosting the construction of 2 other dairy farming and fresh milk processing facilities in Ha Giang and Thanh Hoa provinces, with the total investment capital of US$287 million.
Since 2008, TH Group has been operating a US$1.2 billion high-tech concentrated dairy and fresh milk production project in the central province of Nghe An.
Apart from domestic dairy projects, the group is also investing overseas and is presently constructing a US$2.7 billion high-tech concentrated dairy and fresh milk production project in Russia and a similar project in Bashkortostan, a federal republic of Russia.
Recently, TH Group had also started marketing its products in Singapore by showcasing its TH True Milk products during FHA2018, a major regional food and beverage exhibition. TH Group is also working with Sheng Siong, a major grocery retailer in Singapore, to sell its products that include TH true Milk, TH true Herbal and TH true NUT.