Hoang Anh Gia Lai Group
| Joint Stock Company | |
| Traded as | : HAG |
| Industry | Furniture, Real estate, Rubber, Sugar, Football, Mining, Electricity |
| Founded | 1990 |
| Founder | Doan Nguyen Duc |
| Headquarters | Pleiku, Vietnam |
|
Key people
|
Doan Nguyen Duc (chairman) Nguyen Van Su (general director) Nguyen Van Ton (Supervisory Board) |
| Revenue | 4,399.5 bn VND (2012) |
| 613.8 bn VND (2012) | |
| 365.2 bn VND (2012) | |
| Total assets | 21,284 bn VND (2012) |
|
Number of employees
|
9842 (2011) |
| Website | http://hagl.com.vn/ |
|
Footnotes / references |
|
Hoang Anh Gia Lai Group (also Hoang Anh Gia Lai Joint Stock Company, Công ty Cổ phần Hoàng Anh Gia Lai, abbreviated as HAGL or HAG) is a diversified company headquartered in Pleiku, Vietnam.
From a small furniture producer the company diversified into other industries such as rubber, finances a football club (Hoang Anh Gia Lai Club) and was Vietnam's largest property developer in 2010 and the second largest in 2011 (behind Vingroup) . It has also grown significantly outside of Vietnam, with investments of around $1bn in Laos, hundreds of millions in Myanmar, $100m in Cambodia and tens of millions of dollars in Thailand.
Hoang Anh Gia Lai was set up in 1990 as a small factory in Pleiku producing furniture and employing 200 workers. Another wood processing plant was added in 1993 in the suburbs of Pleiku. The company diversified into granite processing in 2002 and later real estate and hotels.
HAGL was registered as a joint stock company in 2006.
HAGL is established in Vietnam's residential property development business, with a focus Ho Chi Minh City's mid-tier market. It has secured enough land for proposed projects for the period from 2012 to 2016. The land has been procured at prices lower than the current market value (May 2011), resulting in prospects for high profit margins.
HAGL built the athletes' village for the 2009 Southeast Asian Games in Vientiane, Laos. In return, it received a large rubber concession in Laos' north-east. The company is developing an 8ha complex in Yangon, Myanmar including a hotel, mall, offices and apartments with a total planned investment of US$ 300 million. The project was approved in December 2012 after long negotiations.
HAGL also operates a chain of 4 and 5 star hotels and resorts in Ho Chi Minh City, Da Lat, Da Nang, Nha Trang, Quy Nhon etc.
...
Wikipedia