DOCSLIB.ORG

Annual Report 2011 Bridging Opportunities Bridging Entrepreneurship Bridging Partnership Bridging Capital Bridging Community Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2011 Bridging Opportunities Bridging Entrepreneurship Bridging Partnership Bridging Capital Bridging Community Financial Statements Annual Report 2011 Bridging Opportunities Bridging Entrepreneurship Bridging Partnership Bridging Capital Bridging Community Financial Statements Bridging Opportunities IN 2011, HOANG ANH GIA LAI GROUP RECORDED A LOT OF OUTSTANDING ACHIEVEMENTS, creating a solid foundation for Group’s further development in the world market. Unity is power Contents 1Bridging Opportunities 14Bridging Entrepreneurship 24Bridging Partnership 1 Vision - Mission 16-19 BOD, BOM, BOS 26-27 Report of the Vision Mission 2-3 Message from the Chairman of 20-21 Organisational Structure Board of Directors To become the leading multi-business To maintain the constant creativity and strive to the Board of Directors 22-23 Organisation and Personnel 28-33 Report of the group in Vietnam with sustainable growth continue to produce quality products and provide 4-6 Establishment and Development Board of Management based on the core business of plantation, exceptional services at reasonable costs. To provide 7-13 Products and Services hydropower, mining and real estate. competitive employee benefits, both in terms of monetary remuneration and employee development in order to motivate the employees to create values for shareholders and the general society. 34Bridging Capital 46Bridging Community 58Financial Statements 36-39 Shareholders and 48-54 Sustainable Development 59-128 Consolidated Corporate governance and Care for the community financial statements 40-43 Risk Management 55-57 Outstanding events in 2011 44-45 Investor Relations Hoang Anh Gia Lai Joint Stock Company 5 Annual Report 2011 Bridging Opportunities Bridging Entrepreneurship Bridging Partnership Bridging Capital Bridging Community Financial Statements Message from the Chairman of the Board of Directors PLANTATION: • Rubber: Our target is to plant and cultivate 51,000 TRADITIONAL PRODUCTION OF FURNITURE AND ha of rubber trees in the central highland provinces of GRANITE: These business sectors will maintain their Vietnam, Laos and Cambodia. supporting role to provide competitive advantages to our real I do confirm estate business. With the strong brand name established • Sugarcane: Our targets are to plant 6,000 ha of in the domestic and international markets for almost 20 that Hoang Anh sugarcanes in the 2011-2012 crop, 4,000 ha of years, Hoang Anh Gia Lai’s furniture products have gained Gia Lai’s business sugarcanes in the 2012-2013 crop, to achieve the total high customer confidence. As a result, production has target of 10,000 ha of sugarcanes in Attapeu province, remained stable and labor jobs have been secured. and investment Laos; and to build a sugar processing factory with capacity of 7,000 tons of sugarcanes per day, an ethanol FOOTBALL: To maintain as the most effective tool to strategies are factory and a thermo power factory with capacity of promote the Group’s brand name. Hoang Anh Gia Lai systematically built 30 MW used bagasse as feedstock. possesses the most modern football facilities in South East Asia. We focus on investing for the future success by Hoang Anh Gia Lai’s competitive advantages are our on our competitive training young players via the cooperation program with large area of low-cost land, highly skilled and experienced Arsenal Football Club. We believe this program will deliver advantages. agro-forestry workers, and robust cost control measures. positive results. These factors result in lower capital expenditure as compared to the industry benchmark and help HAGL’s projects become more competitive than others’ I do confirm that Hoang Anh Gia Lai’s business and in the industry. investment strategies are systematically built on our competitive advantages. We have striven to achieve HYDROPOWER: The long-term target is to build hydropower our strategic objectives at the soonest, with the aim of plants with total capacity of 600 MW in Vietnam and Laos. delivering maximum values to shareholders in particular, Hydropower is capital intensive but it can generate the most and the society in general. Since 2013, when our rubber stable cash flows. After the investment phase, this sector and sugar industries begin to generate profit, we will also will play the role of stabilizing cash flows for the Group. By basically complete our investments; thereby Hoang Anh Dear shareholders and prospective investors, the middle of 2012, there will have been 4 plants under Gia Lai will generate a surplus cash flow. This will release operation with total capacity of 141.5 MW. The remaining the shareholders and investors’ concerns about whether Macroeconomic conditions remained unfavorable for With respect to the business result, Hoang Anh Gia Lai tried projects will be invested with flexible progress to suit the Hoang Anh Gia Lai are too adventurous to allow its total enterprises in 2011. The Vietnamese Government had to to achieve a pre-tax profit of VND 1,702 billion. Although cash flows from the plantation business and the overall outstanding loan balance for investment to increase during face with a myriad of adversities in forms of inflation, state the amount is lower than our target of VND 3,000 billion, liquidity condition of the Group. the past time. budget deficit, trade deficit and foreign currency reserve this can be considered an encouraging result in the context On behalf of Hoang Anh Gia Lai Group, I would like pressure,etc. Thus, the Government decided to implement of gloomy economy. REAL ESTATE: The target is to build 2.5 million square to express my sincere thankfulness to shareholders the closely controlled monetary policies by tightening money meters of residential and commercial properties, of which and investors for your confidence in and supports to supply. Commercial banks in particular and the economy Regarding financial activities, we reached the following residential apartments are dominant. Hoang Anh Gia Lai Hoang Anh Gia Lai. in general faced liquidity issue, decreasing purchasing success in: issuing international bonds of US$ 90 million; enjoys competitive advantages through a sizeable and power, stagnant production due to slow consumption of issuing exchangeable bonds for rubber business to Temasek economical land bank, synergies with subsidiaries in Chairman of the Board of Directors goods and high cost of capital. Vulnerable sectors such as Holdings at VND 1,130 billion; extending the maturity of construction business, and supply of competitively-priced real estate were most easily affected. the convertible bonds, issued to Temasek last year at VND furniture and granite. Our vertically-integrated processes and 1,100 billion, to 2013; successfully arranging long-term businesses allow us to establish low-cost competitiveness Notably, Vietnam’s international credit rating has also been credit facilities for rubber, sugarcane, and hydropower against competitors. This factor has enabled Hoang Anh ranked at a low level. This has affected considerably on projects to well prepare capital resources for investment. Gia Lai’s products to be sold at reasonable price levels the ability of Vietnamese enterprises to mobilize capital At the end of 2011, Hoang Anh Gia Lai had the cash during the recent years while the real estate market has internationally and raised cost of capital. balance of VND 2,896 billion. been in the difficult situation. Doan Nguyen Duc Thanks to the experience gained from dealing with Thanks to the above success, we are capable of continuously MINING: Despite facing many difficulties and policy risks economic crisis, the management of Hoang Anh Gia Lai investing for prospective sustainable development. Our on mining, Hoang Anh Gia Lai has attempted to complete Group defined the most important target is risk management proposed targets based on the advantages of land and legal procedures and put iron mines into operation. In and investment for long-term sustainable development. natural resources remain affirmative and reinforced, details 2011, we mainly exploited and produced iron ore from the are as follows: mines in Vietnam. The next target is to start exploitation from the mine in Laos in Quarter IV/2012. 2 Hoang Anh Gia Lai Joint Stock Company Hoang Anh Gia Lai Joint Stock Company 3 Annual Report 2011 Annual Report 2011 Bridging Opportunities Bridging Entrepreneurship Bridging Partnership Bridging Capital Bridging Community Financial Statements Establishment and Development 2007 • Commenced the construction of the • Signed a strategic cooperation agreement with New Saigon high-class apartments Arsenal (UK), a world famous football club • Commenced the construction of • Opened Hoang Anh Gia Lai Arsenal - JMG Dak Srong 2 and Dak Srong 2A hydropower Football Academy plants in Gia Lai Province • Commenced the construction of Phu Hoang Anh • Commenced operations of Hoang Anh Gia Lai high-class apartments in Ho Chi Minh City Safomec office building in Ho Chi Minh City • Commenced the construction of Hoang Anh • Commenced operations of Hoang Anh Gia Lai Can Tho high-class apartments Hotel Plaza in Da Nang • Received 5,000 ha of land from the Laos Government for rubber plantation CORPORatE MILESTONES 2009 • Commenced the construction of Golden House high-class apartments in Ho Chi Minh City 1993 • Commenced the construction Bau Thac Gian high-class apartments in Da Nang Province • Commenced operations of a wooden furniture processing factory in Gia Lai • Commenced the construction of Ba Thuoc 1 and province Ba Thuoc 2 hydropower plants with total capacity of 140MW in Thanh Hoa Province • Commenced the construction of Dak Srong 3B hydropower plant with
Load more

Recommended publications
  • NEW OPPORTUNITY  ANNUAL REPORT 2017 NEW OPPORTUNITY Annual Report 2017 TABLE of CONTENTS
    www.hagl.com.vn (+84) 2692222247 (+84) 2692222249 Vietnam Gia LaiProvince, City, 15 Truong ChinhStreet,Pleiku HAGL GROUP NEW OPPORTUNITY ANNUAL REPORT 2017 NEW OPPORTUNITY Annual report 2017 TABLE OF CONTENTS Message from the BOD Chairman 02 FOSTERING VALUES Preliminary financial information 04 Activities of the Board of Directors 38 Report of the Board of Supervision 40 CREATING VALUES Investor relation 42 General information 09 Risk management 42 Significant milestones 10 Shareholder structure 44 Administration model 12 Administrative organization 14 SUSTAINABLE DEVELOPMENT Business sectors 16 Economic development 48 Related companies 18 Responsibility to community 50 Environment protection 52 NURTURING VALUES Mutual development 54 Information on the Board of Directors 22 Information on the Board of Management 24 SAVING VALUES Information on the Board of Supervision 25 Financial statements 58 Organization and Human Resources 26 Report on operations in 2017 28 Report and assessment of the Board of Directors 30 Report and assessment of the Board of Management 32 NEW OPPORTUNITY Having surmounted difficulties with unpredictable fluctuations in the global and Vietnam economies, HAGL identified business opportunities suitable for its competitive advantages, namely the agribusiness. A vast land bank in tropical climate zone and a substantial workforce build a solid foundation for HAGL’s participation in the worldwide value chain with rubber and fruit products. Also, HAGL’s competitiveness and victory in this value chain are ensured by the key factors of huge international market, firmly established channels of distribution, and application of mechanization and leading- edge technology. HAGL is determined to pursue guidelines in the far and sustainable future for producing and supplying hygenic tropical fruit products to the world.
    [Show full text]
  • The Mineral Industry of Cambodia in 2010
    2010 Minerals Yearbook CAMBODIA U.S. Department of the Interior August 2012 U.S. Geological Survey THE MINERAL INDUSTRY OF CAMBODIA By Yolanda Fong-Sam In 2010, industrial minerals dominated the production of management. At present, Cambodia uses coal-fired powerplants minerals in Cambodia. They included sand and gravel and and diesel-powered generators as the main sources of energy crushed stone consumed domestically by the construction production. The Government was envisioning having a nuclear industry, and limestone, which was used for the production of powerplant built by 2020. The Government indicated that it cement. was aware of some of the challenges posed by switching to nuclear power, including the requirements for technology, Government Policies and Programs trained personnel, financing, and the acquisition of materials (Steelguru.com, 2010). The Ministry of Industry, Mines and Energy (MIME), which implements Cambodia’s mineral law and policy, is the Production Government entity that leads the effort to promote and develop the industrial sector in the country. The Department of Geology The Department of Mineral Resources of Cambodia reported and Mines and the Department of Energy, which are both under that the output of industrial minerals in 2010 was more than the MIME, coordinate the development of the energy and twice that of 2009. The production of sand used as construction mineral sectors (Investincambodia.com, 2009). material increased to about 38.4 million metric tons (Mt) in The policy governing foreign direct investment (FDI) in the 2010 from about 14 Mt in 2009. The production of laterite country is based on the Law on Investment of the Kingdom of increased by 156% to about 1.6 Mt in 2010 from 631,000 metric Cambodia, which was enacted in 1994.
    [Show full text]
  • Vinacapital Vietnam Opportunity Fund (AIM: VOF) Investment Manager’S Monthly Update 30 June 2014
    VinaCapital Vietnam Opportunity Fund (AIM: VOF) Investment Manager’s monthly update 30 June 2014 Manager’s comment Fund background Performance summary 30 June 2014 VinaCapital Vietnam Opportunity As at 30 June 2014, VOF’s net asset value was USD783.4 million or USD3.29 per share, NAV per share (USD): 3.29 Fund (VOF) is a closed-end fund representing a 2.3 percent increase from a net asset value per share of USD3.21 as at 31 trading on the AIM Market of the May 2014. During the month, the capital markets component of VOF’s portfolio, which Change (Month-on-month) 2.3% London Stock Exchange. includes OTC stocks, increased 3.5 percent, outperforming the VN Index which increased Total NAV (USD 'm): 783.4 ISIN: KYG9361Y1026 2.0 percent in USD terms. Notably, VOF investee companies Hoa Phat Group (HPG), PetroVietnam Services (PVS), PetroVietnam Gas (GAS) and Da Nang Rubber Company Share price (USD): 2.50 Bloomberg: VOF LN (DRC) increased 5.7, 9.1, 14.9 and 14.9 percent, respectively. VOF’s share price increased Market cap (USD 'm): 595.9 Reuters: VOF.L 6.4 percent to USD2.50 at the end of June from USD2.35 at the end of May. The Company’s share price to NAV discount narrowed to 23.9 percent in June. Premium/(discount) -23.9% During the month, VOF purchased 1.6 million shares as part of the share buyback Investment objective authority granted to the Company’s Board of Directors. Since the commencement of Cumulative change (% change) Medium to long-term capital the programme, VOF has spent USD166.4 million overall purchasing 86,355,265 shares gains with some recurring which are held as treasury shares and have reduced the voting rights in the Company to 3mth 1yr 3yr 5yr income and short-term profit 238,254,994.
    [Show full text]
  • Contested Land Restitution Processes in Cambodia
    land Review Contested Land Restitution Processes in Cambodia Chanrith Ngin and Andreas Neef * Development Studies, School of Social Sciences, Faculty of Arts, The University of Auckland, 1142 Auckland, New Zealand; [email protected] * Correspondence: [email protected] Abstract: Cambodia has experienced rapid economic growth due partly to excessive natural resource extraction. Land conflicts have been pervasive between local communities and companies that invest in land and other natural resources. Despite substantial research into land conflict resolution, knowledge about how land is returned to wronged parties and what happens to the returned land is fragmented. This review aims to provide a holistic understanding of land restitution in Cambodia by examining different types of land conflict, actors involved, and restitution processes. It provides both a macro perspective on land restitution and conflict-specific perspectives regarding how actors engage in different processes that produce various outcomes for disputants. We find both complications and ambivalence of the actors involved, particularly concerning their roles and influences in resolution processes. Specifically, we find contentious and ambivalent roles that non- governmental organisations (NGOs), donor agencies, and government authorities played in mixed results of resolution mechanisms in the cases that have yielded outcomes in terms of land restitution. Our review also suggests that the neoliberal policy that favours commoditisation of resources and the authoritarian patronage state disguised in a hybrid democracy allowed some grassroots resistance, civil society space, and responses from other concerned economic and political actors in the resolution processes. However, the state controlled and manipulated their engagement to benefit and maintain its economic and political bases, and it never allowed any transformative approach that could tackle the root causes of the problems.
    [Show full text]
  • Kết Nối CƠ HỘ I
    cơ hội Opportunities Báo cáo thường niên 2011 Bridging Kết nối KếT nối CƠ HỘI • CTCP HOÀNG ANH GIA LAI • BÁO CÁO THƯỜNG NIÊN 2011 Designed & Produced by Aquarius by & Produced Designed Trung tâm điều hành: 15 Trường Chinh, điều hành: 15 Trường tâm Trung Tỉnh Gia Lai, Việt Nam Thành Phố Pleiku, +84 59 222 2249 Tel: +84 59 222 2247 Fax: www.hagl.com.vn Kết nối cơ hội Liên kết doanh nhân Kết giao đối tác Gắn kết nguồn vốn Nối kết cộng đồng Báo cáo tài chính Kết nối cơ hội NăM 2011, Tập ĐoàN HoàNG ANH GiA LAi ĐÃ ĐẠT ĐƯỢC NHiều THàNH Tựu Nổi BậT, tạo tiền đề vững chắc giúp Tập đoàn tiến xa hơn, mạnh mẽ hơn trên thị trường quốc tế. Đoàn kết là sức mạnh Mục lục 1Kết nối cơ hội 14Liên kết doanh nhân 24Kết giao đối tác 1 Tầm nhìn - Sứ mệnh 16-19 Ban Lãnh đạo 26-27 Báo cáo của HĐQT Tầm nhìn Sứ mệnh 2-3 Thông điệp của Chủ tịch HĐQT 20-21 Sơ đồ tổ chức 28-33 Báo cáo của Trở thành Tập đoàn hàng đầu Việt Nam hoạt Không ngừng sáng tạo, phấn đấu tạo ra những 4-6 Lịch sử hình thành 22-23 Tổ chức và nhân sự Ban Tổng Giám đốc động đa ngành, đa lĩnh vực, trong đó lấy cao sản phẩm và dịch vụ chất lượng cao với giá hợp 7-13 Sản phẩm và dịch vụ su, thủy điện, khoáng sản và bất động sản lý.
    [Show full text]
  • Vietnam Rubber Group Is Expanding Abroad
    Diese Seite anzeigen auf: Deutsch Überset zen Deaktivieren für: Englisch Optionen ▼ Français Español talkvietnam Everything About Vietnam Home Business Travel Lifestyle Politics Culture Society Science Sports Vietnamese Photos Features HOME BUSINESS VIET NAM RUBBER GROUP IS EXPANDING ABROAD Vietnam Rubber Group is expanding abroad Posted on OCT OBER 12, 2012 Written by VEN Like 1 Tweet 2 0 Sponsored links (VEN) – T he Vietnamese government encouraged domestic investors to expand rubber plantations in Laos and Cambodia in the program of economic cooperation with the neighboring countries. T he Vietnam Rubber Group (VRG) took the lead in implementing this program, with plans to develop 140 hectare rubber plantations in Laos and Cambodia for the 2011-2015 period, increasing the group’s total rubber area up to a half million hectares by 2015. Ttapping rubber latex Rubber expansion To implement the Vietnamese – Laotian cooperation program for rubber development in Laos, VRG has conducted a survey in early 2005 and established the Viet Lao Rubber JSC (VLR) in Champasak Province, pioneering in the investment and development of foreign rubber plantations. To date, VLR has grown more than 10,000ha rubber plantations with a total investment of more than US$68 million. In harmony with the company’s growth rate, a series of barren hills in Champasak Province have now been covered with rubber trees. Rubber plantations here are probably the best in Southeast Asia with a survival rate of 97 percent. VLR is exploiting more than 1,600ha and employs more
    [Show full text]
  • Reaching for Higher Grounds • Hoang Anh Gia Lai Joint Stock Company • Annual Report 2010
    HOANG ANH GIA LAI JOINT STOCK COMPANY REACHING FOR HIGHER GROUNDS • HOANG ANH GIA LAI JOINT STOCK COMPANY • ANNUAL REPORT 2010 REPORT ANNUAL • COMPANY STOCK JOINT LAI GIA ANH HOANG • GROUNDS HIGHER FOR REACHING HOANG ANH GIA LAI JOINT STOCK COMPANY Headquarters: 15 Truong Chinh, Pleiku City, Gia Lai Province Tel: 059.2222249 Fax: 059.2222247 www.hagl.com.vn REACHING FOR HIGHER GROUNDS Designed and produced by Aquarius Annual Report 2010 Visionary ambition HAGL REachES FOR HIGHER GROUNDS IN DEVELOPING ITS BUSINESS WITH CONTINUOUS EXpaNSION OF NETWORK AND SERVICES. HAGL REMAINS TRUE TO ITS VISION TO BECOME A LEADING CONGLOMERat ESPECIALISING IN RESOURCE MANagEMENT AND SUPPLY IN VIETNAM, LAOS AND CAMBODIA, DRIVING SUStaINABLE LONG-TERM GROWTH AND FURTHER DIVERSITY. Table of Contents 2 Vision, Mission and Slogan 4 Message from Chairman 16 Establishment and Development 19 Products and Services 26 Board of Management 28 Board of Directors 29 Board of Supervisors 30 Organisational Structure 32 Board of Management’s Report 34 Board of Directors’ Report 40 Consolidated Financial Statements 102 Organisation and Personnel Shareholder Information and 104 Corporate Governance 108 Risk Management 112 Corporate Social Responsibility Activities 114 2010 Key Events www.hagl.com.vn Reaching for Higher Grounds Reaching for Higher Grounds Vision Mission To become the leading diversified To maintain constant creativity and strive to continue multi-sector group in Vietnam with to produce quality products and provide exceptional sustainable operations in rubber, service at reasonable costs. hydro - electricity mining and real To provide competitive employee benefits, both estate industries. in terms of monetary remuneration and employee development in order to motivate employees to create value for shareholders and the society.
    [Show full text]
  • Focus on Core Resources Annual Report 2013 UNITY IS Power
    FOCUS ON CORE RESOURCES FOCUS • HOANG ANH GIA LAI JOINT STOCK COMPANY HOANG ANH GIA LAI STOCK JOINT 15 Truong Chinh, Pleiku City, Gia Lai, Viet Nam (+84) 59 222 2249 (+84) 59 222 2247 www.hagl.com.vn • ANNUAL REPORT 2013 ANNUAL REPORT Focus on core resources Annual Report 2013 UNITY IS POWER Focus on Focus on IN OUR NEW BUSINESS STRATEGY, core resources powerful resources HAGL GROUP FOCUSES ON OUR 02 Message from the Chairman 34 Information on the Board of Directors of the Board of Directors 36 Information on the Board of Management OWN CORE RESOURCES AND FULL 04 General information 37 Information on the Board of Supervision 06 Preliminary financial information EXPLOITATIONS OF COMPETITIVE 38 Organization and personnel ADVANTAGES IN AGRIBUSINESS 08 Key milestones TO CREATE A FOUNDATION FOR 10 Business sectors 12 Products and services SUSTAINABLE DEVELOPMENTS. 22 Administration model Progress of 24 Administrative organization sustainable 26 Information on related companies development 28 Development orientation 72 Management activities – Activities of the Board of Directors Focus on – Management knowledge updating activities management – Share transactions of internal VISION competences shareholders and related individuals – The Board of Supervision 44 Outstanding events in 2013 TO BECOME THE LEADING GROUP IN VIETNAM AND – Remunerations and benefits of the IN THE REGION IN AGRIBUSINESS. 46 Report of operations in 2013 BOD, the BOM, the Secretary of the – Revenue by sector BOD and the BOS – Organization and personnel – Risk management – Investments and developments – Investor relation MISSION of projects 84 Sustainable developments – Financial position – Economic developments – Changes in share capital – Investment in community TO MAINTAIN THE CONSTANT CREATIVITY AND – Major projects development – Improvement of STRIVE TO CONTINUE TO PRODUCE HIGH QUALITY 56 Report of the Board of Management social lives PRODUCTS AND PROVIDE EXCEPTIONAL SERVICES 66 Report of the Board of Directors – Environmental protection – Corporate governance AT COMPETITIVE COSTS.
    [Show full text]
  • Multinational Corporations and Civil Society: a Case Study Comparison of H&M and Hoang Anh Gia Lai Group in Cambodia
    POLITICAL SCIENCE UNDERGRADUATE REVIEW VOL. 4 Winter 2019 ARTICLE 9 Multinational Corporations and Civil Society: A Case Study Comparison of H&M and Hoang Anh Gia Lai Group in Cambodia By Solomon Kay-Reid This paper examines the impact both positive, and negative of two multinational corporations (MNCs), H&M and Hoang Ahn Gia Lai Group both of whom operate extensively in Cambodia. It examines the important role domestic civil society plays in resisting the worst predatory tendencies in MNCs, and how the capacity to resist may be curbed by authoritarian regimes. Furthermore, the essay examines the role of international groups as well as consumer society on holding MNCs accountable for their actions. Particular attention is paid to the impact these multinational corporations have on women and indigenous communities, who are in the Cambodia context two of the most vulnerable groups in society. Moreover, it is suggested that while multinational corporations may ameliorate their practices in some areas, this often requires sustained pressure from a variety of actors, with this being especially true when governments cannot or are unwilling to regulate the behaviour of corporations. Lastly, it is suggested that civil society in the host state is the most important actor for bringing pressure to bear on MNCs, they must be supported by either international actors, or the domestic government to truly reign in the most predatory behaviour of MNCs. Introduction Multinational corporations (MNCs) are undeniably powerful actors on the international stage possessing economic, political, environmental, and sociocultural influence that is unavoidable in today’s globalized world. Their power has drawn a considerable amount of attention and debate from both critics and supporters, especially regarding their actions in the Global South1.
    [Show full text]
  • Listing Prospectus
    THE FACT THAT THE HO CHI MINH CITY STOCK EXCHANGE GRANTS THE REGISTRATION OF SECURITIES LISTING IMPLIES THAT THE SECURITIES LISTING COMPLIES WITH LAWS AND REGULATIONS WITHOUT ANY GUARANTEE OF THE VALUE OF SECURITIES. ANY STATEMENTS AGAINST THIS ARE ILLEGAL. LISTING PROSPECTUS HOANG ANH GIA LAI AGRICULTURAL JOINT STOCK COMPANY (Business registration certificate No. 5900712753 granted by the Service of Planning and Investment of Gia Lai Province for the first time on 26 May 2010 and the 13th Amended Business Registration Certificate on 04 June 2015) STOCK LISTING ON HO CHI MINH CITY STOCK EXCHANGE (Listing Registration Decision No. 278/QD-SGDHCM issued by Ho Chi Minh City Stock Exchange on 10 July 2015) ADVISORY ORGANIZATION SAIGON SECURITIES INCORPORATION THIS PROSPECTUS AND ITS SUPPORTING DOCUMENTS ARE AVAILABLE AT: HOANG ANH GIA LAI AGRICULTURAL JOINT STOCK COMPANY (HAGL AGRICO) Head office: 15 Truong Chinh, Phu Dong Ward, Pleiku City, Gia Lai Province Tel.: (84-59) 22 22 283 Fax: (84-59) 22 22 218 Website: haagrico.com.vn SAIGON SECURITIES INCORPORATION (SSI) Head office: 72 Nguyen Hue, Ben Nghe Ward, District 1, Ho Chi Minh City Tel.: (84-8) 38 24 28 97 Fax: (84-8) 38 24 29 97 Website: www.ssi.com.vn PERSON IN CHARGE OF INFORMATION DISCLOSURE: Full name: Vo Thi My Hanh Position: Deputy General Director Tel.: (84-59) 22 22 283 Fax: (84-59) 22 22 218 Email: [email protected] LISTING PROSPECTUS HOANG ANH GIA LAI AGRICULTURAL JOINT STOCK COMPANY HOANG ANH GIA LAI AGRICULTURAL JOINT STOCK COMPANY (Business registration certificate No.
    [Show full text]
  • Rubber Investments and Market Linkages in Lao PDR: Approaches for Sustainability
    DISCUSSION PAPER Rubber investments and market linkages in Lao PDR: approaches for sustainability Charlotte Hicks, International Union for Conservation of Nature (IUCN) Lao PDR Dr Saykham Voladeth, National Economic Research Institute (NERI) of Lao PDR Weiyi Shi, Independent Consultant Zhong Guifeng, GMS Study Center, Yunnan University Sun Lei, GMS Study Center, Yunnan University Pham Quang Tu, Consultancy on Development (CODE) Marc Kalina, IUCN Asia Regional Office March 2009 The Sustainable Mekong Research Network CONTENTS Acknowledgements 3 Acronyms and Abbreviations 4 Summary 6 1. Introduction 10 2. Methodologies 14 3. Lao PDR’s Rubber Sector 17 4. China’s Role in the Lao Rubber Sector 44 5. Vietnam’s Role in the Lao Rubber Sector 75 6. Discussion: Challenges for Sustainable and Equitable Rubber Development 94 7. Approaches for Sustainable Rubber Production and Investments 96 8. Conclusions and Recommendations 114 References 120 Appendices 129 List of Tables and Figures Figure 1. Global demand for rubber until 2020 17 Figure 2. Rubber consumption by countries, 2006 18 Figure 3. Estimated Demand for Natural Rubber until 2020 (in million tons) 19 Table 1. Global natural rubber supply until 2020 (in million tons) 20 Figure 4. Demand-Supply Gap for Natural Rubber in Global Market until 2020 21 Figure 5. Natural rubber price from 1995 to 2007 22 Table 2. Current and projected areas of rubber, 2006 and 2010 24 Figure 6. Demand, production and import of natural rubber in China until 2020 40 (in million tons) Figure 7. China's Natural Rubber Consumption: Domestic Production vs. Import 46 (million tons) Table 3. Formal Chinese Rubber Companies in northern Lao PDR 51 Figure 8.
    [Show full text]
  • Final Report
    Research on Cross-border OCTOBER 2020 Investment in Agriculture Final Report Prepared for: NGO Forum on Cambodia Supported by Contents Executive Summary ............................................................................................................................................................................................................. 1 1 Background ...................................................................................................................................................................................................................... 4 1.1 FDI into Cambodia ................................................................................................................................................................................................... 4 1.1.1 Total FDI .......................................................................................................................................................................................................... 4 1.1.2 Sources of FDI .................................................................................................................................................................................................. 5 1.1.3 FDI in Agriculture ............................................................................................................................................................................................. 6 1.2 The Impact of FDI on ESG Issues in Cambodia ........................................................................................................................................................
    [Show full text]