Vietnam's TH Group postpones launch of livestock complex in Primorye to 2029

VLADIVOSTOK. Feb 13 (Interfax) - Vietnam's TH Group plans to launch its livestock complex which is being built in Primorye Territory in 2029, the press service of Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury Trutnev said.

The progress of the investment project was discussed at a meeting held by Trutnev on Thursday.

"Currently, the complex's design is underway. The resident has planted 400 hectares and put 1,500 hectares into operation. The resident plans to bring approximately 6,000 hectares into operation by 2028," he said.

It was previously reported that the commissioning of the facility was scheduled for 2027.

The project is being implemented by TH Rus Primorsky LLC, a resident of the Mikhailovsky advanced development territory.

It was also reported that, under an agreement with the Far East and Arctic Development Corporation (FEDC), the investor will provide over 20 billion rubles for creating a livestock complex with a total herd of 10,000 cows and a dairy plant with a processing capacity of 60,000 tonnes of milk per year.

TH Rus Primorsky also plans to grow feed for cattle, as well as leguminous crops for sale on the domestic market and for export to countries in the Asia-Pacific region.

TH Rus Primorsky LLC was registered in 2017 in the village of Varfolomeyevka, Primorye Territory. The founder is TH Rus Milk Food (Volokolamsk).

TH Group was founded in 2009 and is one of Vietnam's leading producers of dairy products. The company is also implementing dairy projects in Russia's Kaluga and Moscow regions.