News about HAGL

Đoàn Nguyên Đức, chairman of Hoàng Anh Gia Lai (HAGL), said the company has signed a contract to export 1,000 tonnes of Arabica green coffee to China at 47 yuan per kg, roughly 182,000 dong. The first harvest from nearly 3,000 ha of coffee is expected to start in November, with the shipment to be delivered the following year. HAGL plans to plant an additional 5,000 ha each year over the next two years, aiming for 20,000 ha by the end of 2028, with total funding needs of about 14,220 billion dong for 2026-2028. Coffee garden development costs reached 3,083 billion dong as of June 30, up more than 1,300 billion dong since the start of the year. The company plans to fund the expansion through share issuance, retained earnings and some borrowing, targeting debt of no more than 50% of equity and 30% of total assets by year-end.

On October 22, HAGL's Board of Directors set up an ESG Sustainable Development Committee of six members, led by General Director Nguyen Xuan Thang as Head, including 2 PhDs and 3 master's holders in agriculture and finance. The committee will steer, coordinate and oversee the group's environmental, social and governance commitments. Chairman Doan Nguyen Duc said large-scale agricultural companies cannot stay outside ESG, as foreign investors, domestic banks and funds increasingly focus on environmental issues. In the first half of 2026, HAGL recorded revenue of VND 3,039 billion, down 18%, while profit after tax reached VND 2,204 billion, up 150.5%. The company holds about 30,000 ha of agricultural land and plans to plant 7,000 ha of coffee in 2026.

Over roughly 15 years of farming, Đoàn Nguyên Đức (Bầu Đức) of HAGL has repeatedly switched crops and livestock, from rubber, sugarcane and cattle to passion fruit, chili, dragon fruit, banana, pigs, durian and most recently coffee. HAGL announced in 2012 that it had planted 50,000 ha of rubber, but long waits before harvest pushed it toward faster-cycle products under the principle of 'short-term crops fund long-term ones'. Banana became a core business, with about 7,000 ha maintained in 2025 and exports to Japan during 2019-2022. Banana rejects are fed to pigs, and HAGL announced capacity of about 500,000 pigs in 2024. This evolved into a circular agriculture model, included in HAGL's 2024-2030 business strategy.