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The Champasak provincial government and Hoang Anh Gia Lai Group (HAGL) have signed a memorandum of understanding to jointly develop a 5,000-hectare coffee-growing region in Laos, with processing facilities planned in Paksong District on the Bolaven Plateau.
Under the agreement, HAGL will conduct surveys and develop 5,000 hectares of coffee. The project includes a network of processing facilities in Paksong District, a key agricultural area on the Bolaven Plateau.
The initiative is part of a broader plan to expand HAGL’s total coffee-growing area to more than 20,000 hectares across Vietnam, Laos, and Cambodia. HAGL currently owns approximately 14,000 hectares of coffee-growing land, described as the world’s largest coffee-growing area.
At the signing, Alounxay Sounnalath, a member of the Party Central Committee and Secretary of the Champasak Provincial Party Committee, along with the Chairman of the Provincial People’s Council, said the provincial government would direct relevant agencies to cooperate with HAGL on high-tech agricultural investment and expressed hope the project would be implemented soon to support local development.
On the local partner side, Nguyen Huu Que, Vice Chairman of the Gia Lai Provincial People’s Committee, said Gia Lai and Champasak have signed a memorandum of cooperation across economic and social fields. He added that HAGL’s agricultural investment is expected to contribute to budget revenue and create local jobs.
To meet a target of planting an additional 7,000 hectares of coffee this year, HAGL completed a 2,000 billion dong bond issuance on 29/04/2026 under code HAG12601, with a 36-month tenor.
The bond is rated A by Fiin Ratings and is guaranteed by Orient Commercial Joint Stock Bank (OCB). The proceeds are intended to finance the implementation of the regional coffee projects in the Indochina region.
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