May 19, 2025 | 07:31 GMT +7

  • Click to copy
Wednesday- 08:38, 27/01/2021

Russian firm invests US$1.4 billion in pork farms and processing in Thanh Hoa

Thanh Hoa Province People’s Committee and Russia’s AVG Capital Partners have signed a Memorandum of Understanding (MoU) on a pork processing complex project worth US$ 1.4 billion in Nghi Son Economic Zone.
Representatives from Thanh Hoa Province People’s Committee and AVG Capital Partners are at the MOU signing ceremony.

Representatives from Thanh Hoa Province People’s Committee and AVG Capital Partners are at the MOU signing ceremony.

Thanh Hoa Province People’s Committee and Russia’s AVG Capital Partners have signed a Memorandum of Understanding (MoU) on a pork processing complex project worth US$ 1.4 billion in Nghi Son Economic Zone.

The complex which covers an area of 1,000 ha and is expected to raise 5 million pigs a year includes 43 pig farms, three breeding pig farms, an animal feed factory with capacity of 2 million tonnes per year and a pork processing factory with the capacity of 0.6 million tones per year.

AVG Capital Partners operates in agriculture, animal feed production, pork processing and sugar production. It is 20th biggest pork processor in terms of volume and ranked third in efficiency in Russia’s pork processing industry.

Vice-chairman of Thanh Hoa Province People’s Committee Nguyễn Văn Thi said that the province had advantages in infrastructure, connectivities and trade relationship with other localities in Vietnam and in the world.

“The advantages would create favourable conditions for investors to the province,” he said, adding that the province would keep improving its business environment to further attract investors.

Thi said that there were many big projects in Nghi Son Economic Zone and other industrial zones in the province.

Thanh Hoa province welcomed investors and would try its best to create favourable conditions for them to implement projects there, Thi said.

He called on investors for strictly obeying Vietnam’s regulations, particularly those relating to environmental protection.

A representative from AVG Capital Partners affirmed that once the project was carried out in the province, it would bring many benefits to the local socio-economic development, State budget, job creation and food processing technology.

Russia’s AVG Capital Partners would invest US$1.4 billion in pork farms and processing factory in Thanh Hoa Province’s Nghi Son Economic Zone.

Russia’s AVG Capital Partners would invest US$1.4 billion in pork farms and processing factory in Thanh Hoa Province’s Nghi Son Economic Zone.

TONMAT group is authorised by AVG Capital Partners to work in Vietnam. The TONMAT group is operating nine factories across Vietnam including TONMAT Vietnam, TONMAT Quang Ninh, TONMAT Son La, TONMAT Phu Tho, TONMAT Thai Binh, TONMAT Thanh Hoa, TONMAT Nghe An, TONMAT Đa Nang and TONMAT Miền Nam./.

Author: Nam Khanh

Translated by Bich Huong

C.P. is an ideal model in sustaible livestock development

C.P. is an ideal model in sustaible livestock development

(VAN) Minister of Agriculture and Environment Do Duc Duy held a meeting with Soopakij Chearavanont, Chairman of C.P. Group, on May 15.

Suntory PepsiCo Vietnam promotes education on water conservation

Suntory PepsiCo Vietnam promotes education on water conservation

(VAN) Suntory PepsiCo Vietnam coordinated with the Ministry of Education and Training to implement an education program on water conservation, reaching nearly 1 million primary school students nationwide.

TH Group inaugurates fresh milk processing plant in Russia

TH Group inaugurates fresh milk processing plant in Russia

(VAN) Vietnam’s TH Group officially put its high-tech fresh milk processing plant into operation in the Russian Federation, marking a historic moment as the first TH true MILK cartons were produced in Russia.

Solutions for sustainable shrimp farming: Biotechnology and high-quality broodstock

Solutions for sustainable shrimp farming: Biotechnology and high-quality broodstock

(VAN) Use of high-quality broodstock and biotechnology is regarded as the most effective approach to ensuring sustainable and economically viable shrimp aquaculture ahead of climate change and the emergence of increasingly intricate disease patterns.

Farmers can increase their income through carbon farming practices

Farmers can increase their income through carbon farming practices

(VAN) Carbon farming is a form of agricultural practices that helps absorb more greenhouse gases than it emits, through smart management of soil, crops, and livestock.

Developing a Japanese-standard value chain for Vietnamese oysters

Developing a Japanese-standard value chain for Vietnamese oysters

(VAN) This is a key content of the Memorandum of Understanding recently signed between the Vietnam Fisheries Society and Kunihiro Inc of Japan.

Kon Tum will plant more than 1.500 hectares of Ngoc Linh ginseng in 2025

Kon Tum will plant more than 1.500 hectares of Ngoc Linh ginseng in 2025

(VAN) To achieve the goal, local authorities and businesses in Kon Tum province have fully prepared the necessary conditions for the new Ngoc Linh ginseng planting season.

Read more