TH - The leading enterprise in Vietnam-Australia cooperation

Impressed with Vietnam’s green economy model and knowledge economy

After a day of observing and learning about TH group’s high-tech agricultural projects, Australia Ambassador Andrew Goledzinowski and the delegation visited the high-tech field in Dong Hieu commune (Thai Hoa town), dairy farm No. 3 (belonging to farm cluster 1), and TH fresh milk factory.

At Nui Tien Pure Water Company Limited (Nghia Son commune, Nghia Dan district) - a project of TH group, after listening to Labor Hero Mrs. Thai Huong - Founder/ CEO of TH Group introduced the enterprise’s vision and strategy, Mr. Andrew Goledzinowski was very impressed with the Dairy Farming and Processing Project with a total capital investment of USD 1.2 billion in Nghe An. This is a typical model of green economy, knowledge economy, and circular economy.

“One of the highlights of our partnership, also one of the biggest achievements, is economic cooperation. Australia is currently Vietnam's seventh largest trading partner, and we are willing to boost the investment between the two countries," said Mr. Andrew Goledzinowski.

Implemented since October 2009, TH’s High-tech concentrated dairy farming Project was evaluated as particularly successful, contributed to the development of the fresh milk brand “TH true milk”. By applying automation, high technology, and 4.0 technology with great dedication in agricultural production and processing, along with chain management science, TH Group has built a typical agricultural model associated with sustainable development, green economy, and circular economy. This model will not only help to lead and shape high-tech agriculture in Nghe An and Vietnam but also expand itself to international investment projects.

Enhancing Vietnamese businesses’ reputation in Australia

TH Group was previously one of the top 6 enterprises nominated by both governments to implement the Vietnam - Australia Business Champions Initiative. The initiative was announced by Vietnam’s Minister of Planning and Investment and Australia’s Minister of Trade and Tourism within the framework of the two countries' ministerial meeting on the 2021 Australia-Vietnam Enhanced Economic Engagement Strategy. The goal of the initiative is to help the two countries become each other's top 10 trading partners and double the bilateral investment.

Since 2019 TH has made a large-scale agricultural investment in Australia by acquiring, taking over and developing 3 beef farms in Northern and Western Australia with an investment of 130 million Australian dollars. The project currently has more than 775,000 hectares of land and more than 62,000 wild-grazing beef cattle, supplying beef to the Australian domestic market and exporting to many other countries. Since the investment, TH has continuously strengthened the farm's capacity in an effective investment path, increased profits, and contributed to promoting local economic development. With this project, TH is currently the largest Vietnamese enterprise in Australia.

According to Mrs. Thai Huong, Australia is a large country with stable economic and political development, transparent finance, many natural advantages in agricultural production and agricultural trade, fully in line with TH's development strategy, which is large-scale agriculture.

At the reception for the Australian Ambassador, Mrs. Thai Huong said, “Regarding the agricultural investment projects in Australia, our 3 farms are the top ones. I hope to receive support to develop more organic farming projects, as I have discussed with the Chief Minister of Northern Australia. The northern region has large areas of land, and with the government's support policy on irrigation solutions, it will certainly be a good thing not only for TH's projects but also for the local people. This will help solve the problem of the country’s food security, people will have a good source of income, and Australian businesses will gain more benefits."

TH Group is operating many production and business projects, in which there is one outstanding project called "High-tech concentrated dairy farming Project", producing fresh milk for the “TH true milk” brand. According to Nielsen, TH's fresh milk market share has continuously grown. By 2022, it has reached 45% of the urban retail market share, maintaining the No. 1 position in Vietnam.

On the roadmap to create a clean and organic food ecosystem, TH Group continues to invest in agricultural and medicinal projects in the Northern Delta, Northwest and Central Highlands. TH has also made a strong impression in education and health fields by building and operating the TH school system, as well as a 5-star international general hospital and electronic medical center in Hanoi.