“HAGL’s new strategy: diversifying their agricultural portfolio with additional crops”, Mr. Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Group (HAG) shared.
The company plans to introduce two new crops, mulberry and coffee, alongside their existing durian and banana plantations. By 2025, HAGL aims to invest in 2,000 hectares of mulberry trees for silkworm rearing, utilizing retained earnings and credit support. This new crop venture was initiated in 2024.
Additionally, HAGL is investing in 2,000 hectares of coffee, specifically coffee chery, as the current market price has soared to 9,000 USD/ton.
These two ambitious programs are inspired by China’s agricultural success.
Image created by AI, courtesy of VCCORP JSC.
Charging the Owner of a Coffee Company
By the time the illegal activities were uncovered, the company had consumed 17,671 kg, equivalent to 35,342 units of ground coffee products, generating a total revenue of nearly 1.3 billion VND.
The Coffee Conundrum: Unraveling the Truth Behind the 17-Ton Fake Coffee Scandal in Phu Yen
“Once touted as ‘pure wood’ and a ‘health benefit’, the Da Thao coffee brand has now been exposed for producing counterfeit goods, with over 17 tons of substandard coffee beans, reaping illegal profits of up to VND 1.3 billion. The scandal has shaken consumer trust, leaving a bitter taste for those who valued the brand’s supposed commitment to health and quality.”
The Cry of ‘Boss’ Duc: “Finding a Farm Manager is Harder than Finding a Bank Boss” – Unveiling the Thirst for Agricultural Talent
Finding a bank or securities company director in Ho Chi Minh City is a walk in the park. But finding a farm director is an incredibly challenging task. The perfect candidate needs to possess not only the required expertise but also the willingness to sacrifice by living in remote and rural areas.
“Nominated Candidate Withdraws Application for Board of Directors Position at Hoang Anh Gia Lai”
Mr. Nguyen Tien Hung, who was nominated by the Thaigroup and LPBS for the position of Supervisor, has withdrawn his nomination.
The Revamped Title: “Bầu Đức: The Inevitable Mention of Debt When Discussing Hoàng Anh Gia Lai”
“Despite the challenges, Chairman Doan Nguyen Duc, affectionately known as ‘Bầu Đức’, has successfully steered Hoang Anh Gia Lai (HAGL) towards a remarkable financial turnaround. Over the years, the group has diligently worked on reducing its debt and eliminating accumulated losses from the past nine years. With over 90% of this Herculean task accomplished, Bầu Đức confidently asserts that the year-end financial report will be exceptionally positive. However, despite this impressive recovery, HAGL still faces a perception challenge, as potential partners tend to overlook or remain indifferent to their achievements.”
