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26 September, Tuesday

Ufa   °

Rustem Khamitov met with representatives of TH Group

Economy/Business

UFA, 25 April 2017. /Bashinform News Agency/.

On April 24, the Head of Bashkortostan, Rustem Khamitov, met with the Extraordinary and Plenipotentiary Ambassador of the Socialist Republic of Vietnam in the Russian Federation Nguyen Thanh Sean and representatives of the TH Group company headed by the Chairwoman of the Board of the Corporation Thai Huong.

The parties discussed the prospects for cooperation and a possibility of implementing joint projects in the agro-industrial complex.

"We were the second in milk production in the Russian Federation in 2016. Besides we are very interested in attracting new investors to the dairy industry. There is a great potential in production of milk, its processing and sales. Of course, we would like you to work in our republic. We, for our part, guarantee assistance in all areas. We will render you administrative and organizational assistance", Rustem Khamitov said.

"I would like to develop agriculture using high technology to produce environmentally friendly and organic products" noted Thai Huong. "I decided to invest in Russia. My first projects are being implemented in Moscow and Kaluga regions. After meeting with the Prime Minister and your other colleagues, I had an intention to visit the Republic of Bashkortostan and invest in dairy farming".

Investments in creation of an industrial complex, including a farm and a milk processing plant, will amount to about 220 million dollars. The initial capacity of the project is 6 thousand heads of cattle.

Thai Huong discussed with the Head of the Republic the prospects of becoming a resident of a priority development area and obtaining appropriate benefits, as well as a possibility of transferring inefficiently used agricultural land to the company.

The Vietnamese Ambassador to Russia, Nguyen Thanh Sean, highly assessed the prospects of the investment project.

“The investment project of the TN Group in the republic is the third one already. The first two projects were successfully implemented in the Moscow and Kaluga regions two years ago. As the head of the corporation noted, the project will be actively developed and effectively implemented in the republic, due to the fact that cooperation between our countries is increasing in general" said Nguyen Thanh Sean. “In late June, the visit of the head of our state is scheduled at the invitation of the Russian President Vladimir Putin. Also in November, the Russian leader plans to pay an official visit to Vietnam. This testifies to the fact that cooperation between our countries is at a quite high level”.

In 2016, the volume of foreign trade turnover of Bashkortostan with Vietnam amounted to 8.4 million dollars, and the bulk of this amount was accounted for export. In the export structure, the main share was taken by the traditional supplies of synthetic rubber (97 percent of the total volume of exports). The main import items were leather bags, optical readers, headwear, clothes and toys. 13 enterprises with participation of capital from Vietnam operate in the territory of Bashkortostan. They are engaged in trade, catering, tourism, production of plastic products, textiles, food products.

TH Group, founded in 2009, is one of the leading dairy corporations in Vietnam. The head of the corporation Thay Huong in 2015 was included by Forbes in the list of 50 most influential women in Asia.

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