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Vietnam’s TH Group to start work on billion dollar milk processing and dairy farm project in Russia
In November last year, TH’s chairman Thai Huong announced at an event in Moscow that the Vietnamese private company will invest around $2.7 billion in 10 years to set up a complex comprising milk processing and animal feed plants and dairy farms in Russia’s Moscow and Kaluga provinces. Moscow province, or Moscow Oblast, is the surrounding area of the Moscow capital.
In the first phase, TH will pour $500 million to establish dairy farms which can raise 45,000 cows, build a milk processing plant with capacity of 800 tons/day and animal feed mill with capacity of 400,000/year, the company said in a statement March 24 this year.
Vietnam currently has 20 projects in Russia with total registered investment of $2.93 billion, higher than Russia’s registered investment of $2 billion in 114 projects in Vietnam, the government statement said.
TH Group’s Hanoi office could not be immediately reached for comment.
Vietnam’s Prime Minister Nguyen Xuan Phuc is scheduled make his first foreign visit to Russia next week, from May 16-20.
Davis Cup: Italy leads champion Argentina 2-0
BUENOS AIRES, Argentina (AP) — Defending Davis Cup champion Argentina fell behind Italy 2-0 in their first-round tie on Friday.Italy's Paolo Lorenzo defeated Guido Pella 6-3, 6-3, 6-3, and Andreas Seppi won over Carlos Berlocq 6-1, 6-2, 1-6, 7-6 (6).Italy could knock out the Argentines in the doubles on Saturday, when Diego Schwartzman and Leonardo Mayer face Seppi and Simone Bolelli. chat_bubble_outline Read More...
Jordan king to visit US, 3 days after Trump's refugee ban
AMMAN, Jordan (AP) — Jordan's King Abdullah II is to begin a working visit to Washington on Monday, three days after President Donald Trump temporarily banned entry to the U.S. from seven Muslim-majority countries and suspended the refugee resettlement program.State media have said the king would meet with administration officials and members of Congress, but did not mention a White House visit.Pro-Western Jordan isn't among the countries slapped with the 90-day travel ban, imposed over… chat_bubble_outline Read More...
Trump wins key China trademark; Are Trump toilets a goner?
SHANGHAI (AP) -- There's a Trump toilet, a Trump condom, a Trump pacemaker and even a Trump International Hotel among hundreds of trademarks in China that don't belong to Donald Trump. But after a decade of grinding battle in China's courts, the president is expected to get an unlikely win on Tuesday: the rights to his own name.Trump's late victory in the fight to wrest back one sliver of his brand — the trademark for building construction services — could signal a shift in fortune for the U.S.… chat_bubble_outline Read More...
Vietnam’s wood industry expects strong growth with new trade pacts
The Vietnam Timber and Forest Product Association (Viforest) is seeing a bright future ahead for the industry, saying new free trade agreements will help boost shipments. Nguyen Ton Quyen, chairman of the association, told a recent conference that the industry is expecting an annual growth rate of 15-20 percent, without specifying if that’s for total revenue or exports only. There are significant opportunities for the industry to expand its market thanks to a number of bilateral and… chat_bubble_outline Read More...
Habeco seeks to trade on HoSE in Q4
The Hanoi Beer Alcohol and Beverage Corporation (Habeco, Code: BHN) will soon seek shareholders’ written opinions on it listing on the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter. The number of shareholders able to send written opinions on changing from the Unlisted Public Company (UPCoM) market to HoSE will be finalized on November 17, according to Vietnam Securities Depository (VSD).Habeco expects to be listed in either November or December. Military Bank Securities Company (MBS)… chat_bubble_outline Read More...