On June 6, Hoang Anh Gia Lai held its annual general meeting of shareholders. Apart from discussions about dividends, stocks, and the company’s ‘plant and breed’ strategy, shareholders also raised questions about the company’s future plans.
One shareholder inquired about the reason for not expanding banana plantations and restocking the pig herd in 2024. They also requested Mr. Duc, the chairman of HAGL, to share the company’s development roadmap for the period of 2026-2030.
Mr. Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai
Mr. Duc explained that due to financial constraints and difficulties in capital mobilization, they had to halt their plans to expand banana plantations and pig farming. He assured that with the support of financial institutions and retained profits, HAGL is now focusing on two major programs: sericulture and Arabica coffee farming.
In 2025, HAGL plans to invest in 2,000 hectares of mulberry farms for silkworm breeding and 2,000 hectares of Arabica coffee plantations, which currently fetch an export price of around 9,000 USD/ton, almost double that of regular coffee.
Mr. Duc emphasized the advantages HAGL holds over its competitors due to its large team of agricultural engineers working in remote areas. He shared the company’s plan to concentrate on these two programs in 2025-2026 while also restarting pig farming, which is expected to provide stable revenue in 2026-2030.
Thao Van
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