TH Group invests thousands of billion dong to raise dairy cows and produce fish sauce in Phu Yen
By Dang Hoa
January 21, 2018 | 07:15 AM GMT+7
Besides raising dairy cows and producing clean food products, Vietnamese dairy producer TH Group also joins the field of resort tourism with some big projects in Phu Yen province.
The groundbreaking ceremony of the high-tech dairy cow raising and milk producing project.
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.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.
