Vietnam’s Hoang Anh Gia Lai makes huge profit, but its operation ability in doubt

Despite those, Hoang Anh Gia Lai posted over VND1.1 trillion ($47 million) in after-tax net profit last year, soaring nine-fold year on year, supported by provision reversal of over VND1.51 trillion ($64.4 million). As of the end of 2022, HAG’s loan debt had inched down compared to the year-ago period, but the figure remained huge. Aside from bank loans, Hoang Anh Gia Lai has issued bonds worth nearly VND5.74 trillion ($244.8 million). As of the end of 2022, HAG’s loan debt had inched down compared to the year-ago period, but the figure remained huge. Aside from bank loans, Hoang Anh Gia Lai has issued bonds worth nearly VND5.74 trillion ($244.8 million).