Hoang Anh Gia Lai’s Stocks Break 10-Year Peak, End of Bầu Đức’s “Troubled” Decade?

Hoang Anh Gia Lai (HAG) stock reached 16,650 VND, the highest price in a decade, with a market capitalization of over 17.6 trillion VND. The strong stock price increase is expected to mark the end of Bầu Đức’s difficult decade. Since early August, HAG has risen 21.5% and 60% over the past year. Creditors plan to convert 2.52 trillion VND in debts into shares at 12,000 VND/share. Investment Consulting Company Hướng Việt is the largest bondholder, expected to hold 4.74% of HAG’s shares upon successful issuance. HAG has settled debts with Eximbank and restructured loans, significantly improving its financial situation. In Q2 2025, HAG’s revenue reached 2.329 trillion VND, with after-tax profit doubling from the previous year. The company estimates after-tax profit for 2025 at 1.5 trillion VND, possibly reaching 2.5 trillion VND. The export of Vietnamese bananas to China has increased, reinforcing Bầu Đức’s recovery.