This announcement was made by Vietnam's ambassador to Russia Nguyễn Thanh Sơn in light of the governor of Moscow’s visit to Vietnam.
Moscow has a large area of agricultural land. However, most of it has not been cultivated completely. Some of it is even abandoned. Therefore, Moscow’s governor confirmed that the province will provide the most favorable policies for Vietnamese investors in terms of land and capital when investing in the agriculture and food processing sectors.
"Moscow will spend 20% of its provincial budget to support businesses. In addition, in February 2016, provincial authorities will begin providing land for enterprises." - Andrey Vorobiev Iu, Governor of Moscow, Russian Federation.
Russia currently imports 50 percent of its total milk consumption. After the US and EU placed an embargo on Russia, businesses have been encouraged to invest in the dairy sector. So far, Vietnam's TH Dairy Group has worked with Moscow's government in applying high-tech, large-scale production methods to fresh milk, vegetables, and medicinal herbs. By the end of this year, the group will carry out a dairy project with 350 thousand cows to produce about 1,800 thousand tons of milk per year. Moreover, Moscow will support 2 rup, equal to about 3 dollar cent, for each liter of milk (when) sold on the market.
"We have invested in high-tech agricultural production in Russia. After that, we plan to export back to Viet Nam." - Thai Huong, Chairwoman, TH Dairy Group.
Chairwoman, TH Dairy Group - Mrs. Thai Huong & Governor of Moscow, Russian Federation - Mr. Andrey Vorobiev Iu
"Russia is a large market for dairy and agro produces/agricultural produce. This is the right moment for Vietnamese enterprises to boost investment in the country." - Nguyen Thanh Son, Vietnamese Ambassador to Russia.
Vietnam has 19 investment projects in Russia, with a total capital of 2.5 billion US dollars, of which about 80% goes to the oil and textiles sectors. Thus, Russia's preferential policies for Vietnamese investors in agriculture and food processing is a great opportunity.
