One day, Tran Ba Duong received a letter from Doan Nguyen Duc, Chair of Hoang Anh Gia Lai Group. "In the letter, I wrote that only Duong could save Hoang Anh Gia Lai," Duc recalled. At the time, Hoang Anh Gia Lai was at the bottom of its cycle. Hoang Anh Gia Lai’s total debt had reached nearly VND36 trillion, with accumulated losses of around VND7 trillion. In 2018, THACO lent Hoang Anh Gia Lai $305 million for restructuring.

Source: VietNamNet News February 07, 2026 10:04 UTC