On November 28, the Board of Directors of Hong Ha Food Investment and Development Joint Stock Company (HOSE: HSL) approved a resolution to invest in the green energy sector through the acquisition of shares or capital contributions, as well as establishing new companies in this field.
The Board authorized the CEO to finalize the investment strategy and sign memorandums of understanding, investment cooperation agreements, and transfer contracts for a 45MW wind power project in Ninh Thuan with Tai Tam Group Joint Stock Company. Tai Tam Group, with a chartered capital of VND 666 billion, is led by Mr. Do Hoang Khai (born in 1999) as CEO and legal representative.
Tai Tam Group’s website highlights a 45MW wind power project in Ninh Thuan named the Ninh Thuan – Phuoc Dan Wind Power Project. Spanning 965 hectares across Phuoc Hau, Phuoc Dan, Phuoc Huu, and Phuoc Thai communes in Ninh Phuoc district (pre-merger), the project has a total investment of VND 1.345 trillion.
Location of the Ninh Thuan – Phuoc Dan Wind Power Project. Source: Tai Tam Group
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This green energy investment is not HSL’s only notable recent move. On November 19, the Board of Directors of Green Energy and Environment JSC, a subsidiary of HSL, approved a resolution to contribute capital to establish Goldenrock Clean Energy Company Limited, with an expected ownership stake of 49%.
In September 2025, HSL’s Board also approved the acquisition of 700,000 shares, equivalent to 70% of House of Deera JSC, for VND 11.9 billion. This move aims to expand HSL’s investment portfolio into media and digital technology companies.
Alongside pursuing new investment opportunities, HSL has actively restructured its existing portfolio. In August 2025, the company liquidated its entire 98.14% stake in Cuong Sinh Yen Chau JSC, a manufacturing and trading company in Son La. Additionally, through its subsidiary Hong Ha Agriculture and Forestry JSC, HSL divested its entire 98% stake in Asia Investment, Business, and Trading JSC, an electricity producer in Hau Giang.
Established in 2015, Hong Ha Food Investment and Development JSC had seven employees as of September 30, 2025, down from 15 at the beginning of the year. The company’s core activities include wholesale trade in rice, corn, cereals, animal feed, fertilizers, pesticides, agricultural chemicals, raw plastics, and other non-agricultural chemicals.
HSL reported a post-tax profit of over VND 38 billion in Q3 2025, a significant increase from the mere VND 5 million profit in the same period last year. The company attributes this growth to improved operational performance and its portfolio restructuring strategy, including the divestment from Cuong Sinh Yen Chau.
However, after consolidation, the company’s Q3 post-tax profit was just over VND 145 billion, an 89% decline. This drop is primarily due to corporate income tax liabilities arising from investment restructuring activities.
– 09:21 02/12/2025
