On February 21st, Asia Ingredients Group JSC (AIG) announced the formation of a Strategic Council and the appointment of a new Chairman of the Board of Directors, marking a significant step in the company’s long-term development strategy.
Mr. Nguyen Thien Truc will step down as Chairman of the Board of Directors and assume the role of Chairman of the Strategic Council and member of the Board of Directors, effective March 1st, 2025. Mr. Bernhard Hackl has been officially appointed as the new Chairman of the Board of Directors, succeeding Mr. Thien Truc.
This decision was approved by the Board of Directors during their Q1 2025 meeting on February 21st, 2025. The appointments ensure leadership succession, enabling AIG to optimize resources, accelerate business transformation, and maximize international cooperation and investment opportunities.
The Strategic Council plays a pivotal role in strategy formulation, deployment, and guidance for the Board of Directors and the Executive Management Team, as well as in key decision-making processes for the company. As Chairman of the Strategic Council, Mr. Nguyen Thien Truc will provide overall strategic advisory services to the company.
He will also focus on investment planning for new key projects and the development of raw material sources to support AIG’s strategy of applying advanced technology and deep processing in the production of natural food and beverage products, leveraging the potential of Vietnam’s tropical agricultural produce.
During his leadership tenure, Mr. Nguyen Thien Truc steered AIG to become one of Vietnam’s leading food ingredient companies.
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*Optimized leadership resources within the AIG Board of Directors ensure succession, enabling the company to accelerate business transformation and maximize international cooperation and investment opportunities.*
The new Chairman of the AIG Group, Dr. Bernhard Hackl, is an experienced leader in the field of ingredients and food. He has held senior management positions in prominent corporations such as Azelis, Brenntag Asia Pacific Pte, Wacker Chemie AG, and Wacker Chemical Corporation. As Chairman of AIG, Dr. Hackl will oversee market development strategy and the internationalization of new business areas, connecting the company globally and fostering sustainable strategic partnerships. He is also responsible for building a lean operating model and optimizing resources to drive growth and profitability for AIG.
With over 23 years of development, Asia Ingredients Group JSC has emerged as a leading provider of raw materials and comprehensive solutions for the food and life sciences industries. AIG has invested significantly in research and development, innovation, and modern production systems, coupled with a nationwide network of warehouses and logistics. The group continuously researches and develops specialized food products with high nutritional value, derived from natural raw materials, serving hundreds of millions of consumers.
AIG has established a trading network across more than 40 countries on five continents and enjoys the support of investors and organizations from Japan, Singapore, and Denmark, including Marubeni Growth Capital Asia, UOB Venture Management, TPG NewQuest, and PENM Partners.
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*The AIG Group has, is, and will continue to invest in production to optimize the use and enhance the value of Vietnamese raw materials while supporting farmers and promoting the sustainable development of Vietnam’s raw material industry.*
The formation of the Strategic Council and the optimized governance structure between Mr. Nguyen Thien Truc and Mr. Bernhard Hackl underscore AIG’s long-term vision and commitment to maintaining its leading position in providing raw materials and comprehensive solutions for the food and life sciences industries.
The AIG Group will continue to invest in production to optimize the use of Vietnam’s abundant raw materials, thereby enhancing their value in both domestic and international markets. This will contribute to improving the livelihoods of farmers and fostering the sustainable development of Vietnam’s raw material industry.
The Feed Import Industry: A $2.65 Billion Dollar Deficit
As per the Ministry of Agriculture and Rural Development, between January and August 2024, exports of animal feed and raw materials reached $0.67 billion. However, imports of the same group during this period stood at a much higher $3.32 billion. This trade deficit of $2.65 billion highlights a significant gap in the industry.
“The Creative Hub for Fashion’s Future: 2025”
“We cannot rely on outsourcing forever,” emphasized Deputy Minister of Industry and Trade, Phan Thi Thang. “The textile and footwear industries must take control of their raw materials and design processes. Establishing a trading center for the development of raw materials and accessories for the Vietnamese fashion industry is an essential step towards achieving this goal.”
