HCMC – Hoang Anh Gia Lai JSC (HAGL, HOSE: HAG) has signed a memorandum of understanding with Laos’ Champasak Province to develop a 5,000-hectare coffee plantation and a processing facility in the Bolaven Plateau, one of Southeast Asia’s best-known coffee-growing regions.
The agreement was signed on May 10 in Pleiku City in Vietnam’s Gia Lai Province between HAGL and the Champasak provincial government, reported local media.
Under the deal, HAGL will survey and develop the coffee-growing area and the processing plant in Paksong District on the Bolaven Plateau, a major agricultural area in southern Laos.
Doan Nguyen Duc, chairman of HAGL, said the group is expanding its coffee investment in Vietnam, Laos and Cambodia, with plans to increase its total coffee plantation area to 20,000 hectares in the coming years.
If the target is achieved, HAGL could become the world’s largest coffee plantation operator by area, according to Duc. He said the company hopes Champasak will support further expansion beyond the initial 5,000 hectares covered by the agreement.
The Laos project is part of HAGL’s broader strategy to build a coffee raw material area of more than 20,000 hectares across the region.
At the signing ceremony, Alounxay Sounnalath, a member of the Lao People’s Revolutionary Party Central Committee and chairman of the Champasak Provincial People’s Council, said local authorities would facilitate HAGL’s investment and coordinate closely with the company in high-tech agricultural projects.
He said the province expects the project to move forward soon and contribute to local economic development.
To support its plan to plant an additional 7,000 hectares of coffee this year, HAGL on April 29 completed a VND2-trillion bond issue with a 36-month term.
The bond, coded HAG12601, received an A credit rating from Fiin Ratings and is guaranteed by Orient Commercial Joint Stock Bank (OCB). The proceeds will be used to finance the group’s plantation projects in the region.
HAGL reported consolidated net revenue of VND1.78 trillion in the first quarter of 2026. Fruit sales accounted for VND1.31 trillion, up 32% year-on-year, according to the company’s earnings reports.
Closing the trading session today, May 14, HAG stayed at its reference price of VND16,200, with over two million shares changing hands.
The VN-Index rose 27.09 points, or 1.43%, to 1,925.46 points on Thursday, led by gains in large-cap stocks.
On the Hochiminh Stock Exchange, 165 stocks gained and 128 others declined. Trading volume totaled 675 million shares worth nearly VND22.16 trillion, down more than 30% in volume and 25% in value from the previous session. Block deals accounted for more than 94 million shares worth VND4 trillion.
The VN30 basket supported the market, with 24 winners among the 30 largest-cap stocks. VIC shares climbed 3.98% to VND229,800, contributing nearly 15 points to the benchmark index.
Other large-cap stocks also advanced. FPT rose 4.5% to VND73,900, with trading volume reaching 21.5 million shares, its highest level in more than two months. VHM, VRE and VPB increased around 3%.
Banking and consumer stocks such as ACB, VNM, VCB, TPB, BID and GAS also edged higher. VPB posted the highest trading volume with more than 25.2 million shares changing hands.
Mid- and small-cap stocks traded quietly as investors remained cautious. A few stocks such as TAL, CTD and ASP advanced between 3% and 5%.
On the Hanoi Stock Exchange, the HNX-Index pared gains in the afternoon session and closed up 0.18% at 255.07 points. The northern bourse recorded 67 advancers and 70 decliners, with matched trading volume exceeding 38 million shares worth VND786.7 billion.
