Hoang Anh Gia Lai Joint Stock Company (HAGL) is expanding its agricultural ecosystem by adding silk farming to its portfolio, alongside its staple crops of bananas and durian.
On-site observations in Gia Lai reveal that Ham Rong Silk Investment Company (a subsidiary of HAGL) has commenced operations at its silk spinning mill since June 2025.
The facility is equipped with automated silk reeling lines. Carefully selected cocoons are sorted and processed in boiling tanks before being fed into automated systems to produce raw silk fibers.
Automated systems producing raw silk fibers.
According to company documents, HAGL plans to operate two mills: one in Ham Rong with a capacity of 280 tons/year and another in Gia Lai with a capacity of 1,000 tons/year.
The mill operations mark the next step in HAGL’s value chain. For raw materials, HAGL currently cultivates 1,000 hectares of mulberry trees and aims to expand to 2,000 hectares to ensure self-sufficiency for its mills.
The finished raw silk is targeted for export, primarily to India. Current market prices for raw silk are reported at approximately $65/kg (around 1.6 million VND).
Beyond silk, the mill maximizes byproduct utilization. Silkworm pupae are processed into food products, while substandard silk fibers are repurposed into linen fabric.
At the June 2025 AGM, Chairman Doan Nguyen Duc emphasized the company’s ambition in this sector, stating:
“Mulberry cultivation yields higher returns per hectare than any other crop we’ve grown.”
This highlights HAGL’s profit expectations from the mulberry-silkworm-silk value chain once full raw material self-sufficiency is achieved.
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