The Hanoitimes - The Nghe An Sugarcane and Sugar JSC will invest to build a cow farming and milk processing complex in Russia with the total investment capital of 11,250 billion VND (500 million USD).
The Prime Minister has recently approved an overseas investment plan to build a cow farming and milk processing complex in Russia, invested by the Nghe An Sugarcane and Sugar JSC.
The Prime Minister assigned the Ministry of Planning and Investment to implement procedures to grant an overseas investment registration certificate for the project in accordance with regulations.
The State Bank of Vietnam is requested to supervise and instruct the company in correctly abiding by the current regulations on foreign exchange management.
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The Ministry of Labour, Invalids and Social Affairs is assigned to guide the company in sending Vietnamese guest workers to Russia to implement the project under the contract in accordance with regulations.
The complex that has a total investment capital of 11.25 trillion VND (500 million USD) will be carried out in five districts of Moscow province, Russia.