On January 11, Forbes named the 50 Over 50 Asia 2022 – honouring 50 Asian influential women above the age of 50. Labour heroine Thai Huong, founder of TH Group and general director of BAC A BANK, is among them.
“Thai Huong is known for her revolutionary role in the agriculture sector in Vietnam. She boosted the country’s dairy industry with the group's investment in cow breeding and farming in 2008 using technology from Israel, helping to lower the ratio of milk products using milk powder to 60 per cent (as of 2020) from 92 per cent,” wrote Forbes.
“She made more bold moves in the last few years by investing in milk product manufacturing in Russia and Australia. The investment project in Russia, planned at a total $2.7 billion capital, is near completion of phase one, with a milk factory expected to open in May.”
|Thai Huong has been honoured many times by Forbes, with many high-profile awards from the international community |
Forbes 50 Over 50 was first conducted by Forbes last year, honouring women who are politicians, businesswomen, scientists, artists, and experts making outstanding achievements in their life and work and contributions to society.
“Women are shattering age and gender norms all over the globe. Here are the founders, business and political leaders, and scientists and vanguards leading the way throughout the Asia-Pacific region,” the magazine said.
For Thai Huong, this was not the first time she has won such a lofty title. In 2015 and 2016, Forbes listed her in its list of the most powerful Asian women. In 2017, she won the Asia-Pacific Entrepreneurship Award which was granted to excellent corporate leaders in Asia. Again in 2018, Stevie Awards, which is considered an Oscar in business, named her as one of the year’s excellent corporate leaders.
Thai Huong is also the only Vietamese person to be invited to deliver a speech at the 2019 World Knowledge Forum in South Korea where she was also granted an award honouring her powerful female entrepreneurship.
In 2020, UN Women also offered her an award on gender equality commitments.
The UK’s The Times of London has once written about Thai Huong, underlining her big role in driving TH Group to great successes in the Vietnamese agricultural sector.
Under her leadership, TH Group has been implementing many projects. The biggest one in Vietnam is a $1.2 billion project in the central province of Nghe An, featuring a state-of-the-art dairy cow farm and fresh milk production plant, which currently has a capacity of 500,000 tonnes of fresh milk a year. The 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.
After successfully implementing the farm in Nghe An, TH Group is now carrying out similar projects, at a small scale, in many localities nationwide such as Cao Bang, Ha Giang, Thanh Hoa, Phu Yen, Kon Tum, and Soc Trang. All dairy farms are supplying fresh and clean milk for domestic consumption and export to China and Cambodia.
In addition, TH Group is also developing a concentrated high-tech dairy cow production project in Russia, with total investment capital of $2.7 billion.