Chairman of TH Group Thuy Thai Huong has announced plans to invest trillions of dong in large projects in Phu Yen province.
In the morning of January 19, 2018, TH Group was allowed to do survey and research to invest in the marine ecological resort and craft village tourism project in An Hoa commune, Tuy An district, Phu Yen province.
This is an entirely new business for a corporation that has so far focused only on dairy farming and milk processing.
Earlier, TH Group also surveyed to build a cluster of clean food-producing plants in Song Cau town to produce fish sauce, chili paste, soy sauce, soup powder, canned fish and processing clean rice, vegetables and fruit juice. The group plans to produce 200 million liters of fish sauce annually.
In Son Hoa district, one day earlier, TH Group kicked off the project of dairy farming and hi-tech milk processing with the scale of 20,000 dairy cows.
The total investment in the first phase is VND1,151 billion (roughly US$50.76 million), with raw material areas and farms raising 5,000 dairy cows. The production of fresh milk is expected to be 72 tons per day.
The number of dairy cows in the second phase of the project is expected to increase to 20,000 cows. The total investment in this phase is about VND4,570 billion (roughly US$201.5 million).
This is TH’s third dairy project, following the projects in Ha Giang province and Thanh Hoa province. This is also the first project of the group in the South Central Coast of Vietnam.
TH Group currently owns Asia’s largest hi-tech dairy farm which is located in Nghe An province with 45,000 dairy cows. The fresh milk producing plant has a capacity of 200,000 tons per year in the first phase.
TH Group said that it will continue to survey and develop farms in Soc Trang, Lang Son, and Tuyen Quang provinces.