AsemconnectVietnam - On November 25, Orient Commercial Bank (OCB), OCBS Securities Joint Stock Company (OCBS) and Hoang Anh Gia Lai Joint Stock Company (HAGL - stock code HAG) signed a strategic cooperation agreement, aiming to promote green finance and sustainable development.

Established in 1993, equitized in 2006 and listed in 2008, HAGL is considered the leading real estate group in Vietnam along with other effective business segments. However, when facing the global financial crisis, strongly affected by market fluctuations and unfavorable objective conditions, HAGL encountered many difficulties and entered the most turbulent period in its development history, from which there were many changes, narrowing the scope and field of operation.
Currently, with a strong restructuring strategy and business transformation, HAGL is gradually recovering with the mission of creating clean, safe agricultural products from applying circular agriculture methods and green transformation. Optimizing resource use, reducing emissions at the same time, restructuring capital flows in an efficient and sustainable direction. Aiming to become a leading agricultural company in Vietnam by 2030 and striving to become a regional agricultural product supplier in Asia. In addition to its existing internal resources, HAGL's "revolution" always has the companionship and support of important strategic partners.
Speaking at the event, Mr. Nguyen Duc Quan Tung - Member of the Board of Directors and General Director of OCBS said that OCBS understands the steadfast will and persistent efforts of HAGL over the past three decades, and we have great confidence in HAGL's development potential as well as its goal of becoming a leading agricultural unit in Indochina.
As a strategic consulting partner, OCBS is committed to accompanying HAGL, closely coordinating with OCB to develop green financial solutions, long-term capital strategies and ESG standards according to international standards. We believe that the cooperation between OCBS, OCB and HAGL will connect the financial and agricultural value chain - creating prosperity for businesses, towards a green, sustainable future for the community.
In the coming time, OCBS will continue to accompany HAGL in financial consulting, sustainable development (ESG) and standardizing investor relations (IR) activities through solutions to support businesses in solving outstanding challenges, planning business operations structure, strategic orientation; connecting investors and preparing solid resources for the new growth phase.
Sharing at the event, facing the ups and downs of HAGL's development journey, Mr. Doan Nguyen Duc - Chairman of the Board of Directors of HAGL said that the enterprise is gradually returning to the growth trajectory and moving towards a large-scale green agricultural model - a strategy that requires persistent support from reputable partners and financial institutions such as OCB and OCBS.
"We believe that the strategic cooperation between HAGL, OCB and OCBS will be an important lever to help HAGL consolidate its financial foundation and focus resources for strong breakthroughs in the coming time. OCB is a reputable and transparent financial institution that always prioritizes green projects and sustainable development - this is completely in line with the direction that HAGL is pursuing. Thanks to fully meeting the criteria, HAGL has been accompanied by OCB, thereby further consolidating the foundation for building an effective agricultural and rural model," Mr. Duc emphasized.
At the ceremony, OCB representatives also affirmed the bank's commitment to greening capital flows, credit portfolios and supporting HAGL's sustainable development strategy. Mr. Pham Hong Hai - General Director of OCB said: "With the goal of becoming a pioneer green bank in Vietnam, OCB has been cooperating with international financial institutions such as IFC, DEG as well as participating in the Green Banking Alliance... Not only playing a role in providing capital, OCB is also a 'Grow Partner' - a reliable development partner of many large enterprises in Vietnam.
In 2024, OCB recorded a green credit balance increase of nearly 30% compared to 2023, focusing on renewable energy, green buildings and sustainable agriculture. Choosing to accompany HAGL is a step consistent with OCB's strategy. We expect this cooperation to contribute to creating sustainable values for the economy, community and environment."
In the context of the Vietnamese Government promoting greening policies for the economy, aiming for a net zero emission target (Net Zero) by 2050, the joint action of financial institutions and businesses plays an extremely important role. This strategic signing event between OCB - OCBS - HAGL is considered a pioneering step in establishing, increasing strengths, connecting financial and agricultural value chains, thereby aiming for stable growth and sustainable development.
N.Nga
Source: VITIC/Tinnhanhchungkhoan