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Update news Hoang Anh Gia Lai Group
Big changes were made with the key personnel of Quoc Cuong Gia Lai Group, while the president of Hoang Anh Gia Lai Group, Doan Nguyen Duc, has not been able to escape difficulties despite his efforts to sell assets to pay debts.
The Hoang Anh Gia Lai Agricultural JSC (HAGL Agrico), an affiliate of Hoang Anh Gia Lai Group, has inaugurated a banana packing plant and shipped the first batch of fresh bananas to China to meet growing demand.
Asset sales was not enough to offset strong increases in expenses and a sharp fall in production in the third quarter for Hoang Anh Gia Lai Group (HAGL).
VietNamNet Bridge - The State Bank of Vietnam (SBV) has decided to save Hoang Anh Gia Lai Group, which has incurred big debts and tumbling share prices. However, the Prime Minister will make the final decision.
VietNamNet Bridge - Chair of the board of directors of the Bank for Investment and Development of Vietnam (BIDV) Tran Bac Ha said the government has decided to restructure of debts of the Hoang Anh Gia Lai Group.
VietNamNet Bridge - Hoang Anh Gia Lai Group of Doan Nguyen Duc, an influential businessmen, suffered the first quarterly loss since 2008. Duc also lost VND5 trillion over the last year.
VietNamNet Bridge – Hoang Anh Gia Lai Group’s stocks are expected to continue their downward trend in 2016 as the firm faces multiple challenges in the time ahead.
VietNamNet Bridge – Vietnam ought to convert ineffective rice cultivation areas into grass fields for raising beef cattle, since intensive livestock farming is significantly more profitable,
VietNamNet Bridge – The strong recovery of real estate and seafood shares this year helped a number of wealthy individuals make more money on the stock market.
VietNamNet Bridge – More and more Vietnamese workers have been going to Laos in recent years to help on investment projects between the two countries. The figure is expected to exceed 20,000 by 2015.
VietNamNet Bridge – Vietnamese firms have invested a total of US$14 billion in 60 countries and territories, according to the Foreign Investment Agency (FIA).
VietNamNet Bridge – Vietnamese enterprises are increasingly investing overseas, especially in Myanmar, Laos and Cambodia, it has been announced.