TH Group extolled by government for its contributions

July 25, 2022 | 17:04
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Prime Minister Pham Minh Chinh paid a visit to parts of TH Group’s $1.2 billion state-of-the-art dairy cow farm and fresh milk processing plant in the central province of Nghe An on July 23.
TH Group extolled by government for its contributions

The prime minister saw facilities including the high-tech meadow in Dong Hieu commune and the No.3 dairy cow farm under the complex’s farm cluster. He also talked with representatives of the local cooperative and farmers in the area about how the project has been improving their livelihoods.

“The project has benefitted thousands of local farming households and made a significant contribution to the province.” PM Chinh said.

“This model should be multiplied in many other localities as it creates real value for the economy. TH Group is one of the private firms in Vietnam that is doing very well,” he added.

Started in 2009, the project includes a green pasture, a raw materials area, a feed factory, a dairy farm, a milk processing factory, and the TH true MART distribution system. The dairy farm has three clusters including nine farms, about 70,000 cows, and a meadow area of nearly 8,100 hectares.

It is a high-tech project that utilises the world’s largest closed production process.

The farm has applied the world’s most advanced technology for dairy cow raising and management from Israel’s Afifarm Group, New Zealand’s veterinary and disease management process, the Netherlands’ clean water treatment, and process and equipment for wastewater and waste treatment from Japan, Israel, and the Netherlands.

At the dairy farm, TH Group is implementing a circular production process and focuses on green production. TH factories provide energy clean through their roof-mounted solar panels and the company has built an international-standard clean microbiological fertiliser processing factory and a wastewater treatment plant. With the use of green energy, TH Group stands firm with the Vietnamese government in its goal of net-zero greenhouse gas emissions by 2050.

With a capacity of 500,000 tonnes of fresh milk a year. This project has been recognised as the most concentrated large-scale high-tech dairy cow production project in the world by the Asian Book of Records and has received the Enterprise with High-tech Application certificate from Vietnam’s Ministry of Agriculture and Rural Development.

Under the leadership of labour heroine Thai Huong, founder of TH Group and general director of BAC A BANK, TH Group is also implementing many other projects in many localities nationwide such as Cao Bang, Ha Giang, Thanh Hoa, Phu Yen, Kon Tum, and Soc Trang. All the dairy farms are supplying a huge volume of fresh and clean milk for domestic consumption and export to China and Cambodia.

In addition, TH Group is also developing a concentrated large-scale high-tech dairy cow production project in Russia, with total investment capital of $2.7 billion.

On January 11, Forbes launched a list honouring 50 influential Asian women from the last 50 years, with Huong being named among them.

Forbes noted, “Thai Huong is known for her revolutionary role in the agricultural sector in Vietnam. She boosted the country’s dairy industry with the group's investment into cow breeding and farming in 2008 using technology from Israel, helping to lower the proportion of milk products that rely on milk powder to 60 per cent (as of 2020) from 92 per cent."

"She has made bold moves in the last few years by investing in milk product manufacturing in Russia and Australia. The investment project in Russia – planned with a total capital of $2.7 billion – is near its phase-one completion,” wrote Forbes.

Forbes 50 Over 50 was first conducted in 2021, honouring women including politicians, businesswomen, scientists, artists, and experts who have achieved outstanding results in their life and work and made significant contributions to society.

“Women are shattering age and gender norms all over the globe, so we have listed the founders, business and political leaders, scientists, and vanguards that are leading the way throughout the Asia-Pacific region,” the magazine said.

This is not the first time Huong has won this lofty title, having also been listed in 2015 and 2016. In 2017, she won the Asia-Pacific Entrepreneurship Award. Again in 2018, the Stevie Awards – which are considered like Oscars for business – named her as one of the year’s most excellent corporate leaders.

She was also the sole Vietnamese person to be invited to deliver a speech at the 2019 World Knowledge Forum in South Korea where she was granted an award honouring the influential female entrepreneur.

In 2020, the UN Women offered her an award for her gender equality commitments.

By Thanh Tung

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