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TH Dairy Food Joint Stock Company
TH True Milk is a Vietnamese dairy company that makes and sells milk, yogurt, and other dairy products to consumers.
TH True Milk is a Vietnamese dairy company that sells milk, yogurt, and other dairy products to everyday shoppers, mostly in Vietnam. It is part of TH Group, a private Vietnamese conglomerate, and the brand is one of the best-known names in the country's refrigerated dairy aisle.
The interesting part is where the milk comes from. Instead of buying from small scattered farms, TH built its own large-scale dairy farms, starting with a big project in Nghe An province in central Vietnam, and brought in thousands of imported cows to stock them. That means the company controls the whole chain: it owns the cows, milks them, processes the milk, and ships it to stores. Owning the farm is expensive and slow, but it lets TH promise freshness and quality control that competitors buying milk on the open market find harder to match. The company is private — it is not listed on a stock exchange — so outsiders do not get the same detailed financial reports a public company would publish. TH Group has also pushed beyond Vietnam, with dairy projects in Russia (including a large farm and processing operation) and ambitions in other markets. That expansion matters because it tests whether the company's farm-to-fridge model can travel outside its home country.
In short, TH True Milk is a bet that Vietnamese shoppers will pay a premium for milk from a company that owns its own cows — and it has spent heavily on farms and factories to prove it.
Saved answer · last researched 10 Nov 2026