RDIF, Vietnam’s TH Group to Reach Agreement on Agricultural Project in Far East – CEO

Sputnik, 05.09.2017

VLADIVOSTOK (Russia), September 5 (Sputnik) – The Russian Direct Investment Fund (RDIF) and the Vietnamese company TH Group will sign an agreement on implementation of an agricultural project in Russia’s Far East on the sidelines of the Eastern Economic Forum in Vladivostok, RDIF CEO Kirill Dmitriev told Sputnik Tuesday.

"We will sign an agreement with the TH Group consortium, I am speaking about an agricultural project in Far East focused on the dairy farming … We are not disclosing the volumes of finances, Vietnam is an important partner for us, we have not implemented many projects earlier, now we will activate our efforts," Dmitriev said.

That will not be the first agricultural project implemented by RDIF and foreign partners. In May 2016, the fund together with Thailand’s CP Group, China’s Banner Infant Dairy Products and the government of Ryazan Region agreed to construct an integrated commercial diary facility in the region.

In May 2016, the RDIF also agreed with the Vietnamese state investment fund State Capital Investment Corporation (SCIC) to invest $500 million in creating a Russian-Vietnamese investment platform for bilateral trade projects.

The two-day Eastern Economic Forum will start in Vladivostok on Wednesday and is expected to gather over 3,500 participants from more than 50 countries. The forum will be attended by a number of world leaders including Russian President Vladimir Putin, his South Korean counterpart Moon Jae-in, as well as Japanese Prime Minister Shinzo Abe.