The decision was passed by a resolution of the Board of Directors on August 1st and took effect immediately. In his resignation letter, Mr. Phi stated that he could no longer continue his executive role at HNG due to personal reasons.
Prior to his departure from the management team, Mr. Nguyen Hoang Phi served as Deputy General Director and Member of the Board of Directors of HNG. However, with the conclusion of the 2020-2025 term of the Board of Directors since the annual general meeting in April, Mr. Phi no longer holds any positions at HNG.
Mr. Phi, born in 1980, holds a Bachelor’s degree in Finance and Accounting and has over 20 years of experience working at Truong Hai Auto Corporation (THACO). He currently serves as the Chief Accountant of THACO, where Mr. Tran Ba Duong, Chairman of HAGL Agrico, is the top leader.
The newly appointed replacement, Mr. Phan Ba Cuong, was born in 1977 and holds a degree in Accounting. He is currently the Deputy General Director of THACO Agri, the unit in charge of agriculture in the THACO ecosystem.
At HNG, Mr. Cuong does not hold any shares or previously assumed positions. In addition to his executive role, Mr. Cuong has also been authorized as the Enterprise’s information disclosure person since August 1st.
 Mr. Nguyen Hoang Phi (left) and Mr. Phan Ba Cuong
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– 6:10 PM, August 4, 2025
HAGL Agrico: Overburdened by Financial Debt of 10.2 Trillion VND, Gross Profit Falls Short of Covering Interest Expenses
HAGL Agrico has turned a corner with two consecutive quarters of positive gross profits, marking a significant shift from its historical trend of operating below cost. However, the weight of substantial financial debts, totaling over VND 10,200 billion, primarily owed to its largest shareholder, Thaco Agri, continues to burden the company with interest expenses that erase these hard-earned profits.
“A Billion-Dollar Deal: The Astonishing Transaction Between Two Vietnamese Business Giants”
As of December 30, 2024, HAGL had repaid a total of VND 1,030 billion in principal on the bond issuance to BIDV.
The All-New MINI Countryman: Upgraded and Ready to Conquer Vietnam’s Roads.
The car will be available in two distinct versions: the C and S ALL4.
The Coffee Connoisseur: Brewing a Robot-Inspired Cafe Experience
The newly opened Besoverse Cosmic Cafe in Ho Chi Minh City is a stellar addition to the vibrant culinary scene, bringing a unique dining experience to locals and tourists alike. As a proud member of the Thiso family, a Thaco Group subsidiary, Besoverse Cosmic Cafe embodies a passion for culinary excellence and a commitment to creating memorable moments for its guests.
“Chairman Tran Ba Duong: Thaco Aspires to be the Auto Manufacturing Hub for International Brands”
On September 21, at a Conference of the Government’s Standing Committee with enterprises on solutions to contribute to the country’s socio-economic development, many private enterprises offered their insights and initiatives to collaboratively foster the nation’s economic and social growth. Mr. Tran Ba Duong, Chairman of Thaco, put forward proposals to promote the development of the auxiliary industry.
