Vietnam’s Hoang Anh Gia Lai inks deal for $50mn coffee project in Laos

The agreement was signed on Sunday in Gia Lai Province, located in Vietnam’s Central Highlands, between Hoang Anh Gia Lai and authorities of Champasak, marking cooperation in large-scale coffee cultivation and community development in the Laotian province.

The signing ceremony was witnessed by leaders of Gia Lai, the Lao consul general in Da Nang City, and Alounxay Sounnalath, secretary of the Champasak Party Committee under the Lao People's Revolutionary Party.

As per the deal, Hoang Anh Gia Lai, chaired by Vietnamese businessman Doan Nguyen Duc, will develop a 5,000-hectare coffee plantation and build a processing plant on the Bolaven Plateau, a major agricultural region in southern Laos known for its fertile soil and favorable conditions for coffee cultivation.

The $50-million project aims to produce high-quality coffee for export to global markets.

Hoang Anh Gia Lai said it plans to expand its cultivation areas to more than 20,000 hectares across Laos, Cambodia, and Vietnam as part of its long-term ambition to become a global leader in large-scale plantation farming.

Speaking at the signing ceremony, Sounnalath said local authorities would direct relevant agencies to facilitate the project and work closely with Hoang Anh Gia Lai in developing high-tech agriculture.

He expressed hope that the project would be implemented soon and help drive local socio-economic development.

Nguyen Huu Que, deputy chairman of the Gia Lai administration, said Gia Lai and Champasak had already signed a broad cooperation agreement covering multiple socio-economic sectors.

He said Hoang Anh Gia Lai’s agricultural investment in Champasak would help boost local economic growth and further strengthen cooperation between the two provinces.

Hoang Anh Gia Lai is currently Vietnam’s second-largest agricultural production and processing company.

The group has been a pioneering investor in Laos, Cambodia, and Thailand, focusing mainly on fruit cultivation, including bananas, jackfruit, mangoes, and durians, alongside other agricultural products.