Hoang Anh Gia Lai (HAGL) once dominated the real estate market in Vietnam but retreated in 2012 due to the real estate bubble and debts up to 36 trillion VND. HAGL shifted its focus to fruit cultivation, such as bananas and durians, with the fruit segment becoming the main growth driver. The fruit group’s revenue reached 4.4 trillion VND in the first nine months of 2025, thanks to advanced agricultural technology. HAGL is also developing Arabica coffee, planning to increase its planting area to 10,000 hectares to capitalize on the rising market in China. The company aims for an IPO in 2026 with a profit target of 5 trillion VND by 2028, having established partnerships with OCB Bank and OCBS Securities to secure financial resources.
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