Agri major Hoang Anh Gia Lai to reward long-serving employees with apartments, shares

Hoang Anh Gia Lai (HAGL) will award apartments and bonus shares to long-serving employees who stood by the company during its “life-and-death” period beginning in 2016, says chairman Doan Nguyen Duc.

Speaking at an employee appreciation ceremony on Sunday, Duc said the group will reward a total of 499 employees who have been with the company for more than a decade. Among them, 160 key personnel who directly worked with the management team to steer the company through its most challenging years will each receive an apartment.

Each apartment is valued at between VND2 billion and VND8 billion ($304,600), which Duc described as a well-deserved recognition of employees’ loyalty and sacrifices. To ensure the purpose of the program and encourage long-term commitment, the apartments will be subject to a five-year transfer restriction.

The apartments are part of the Phu Dong high-rise residential and commercial complex, a project that HAGL broke ground on the same day in Pleiku ward, the central province of Gia Lai.

Located near the Muong Thanh Hotel, the project has a total investment of more than VND600 billion ($22.8 million). It includes a 22-story mixed-use building with 610 apartments, along with a 3.5-story commercial block to be developed on nearly 7,000 square meters once all legal procedures are completed.

Upon completion, the project is expected to help meet housing demand for middle-income earners such as young families and civil servants, with selling prices ranging from VND20 million to VND25 million ($952) per square meter.

The remaining 339 employees will receive bonus shares, with a minimum allocation of 10,000 HAG shares per person. On the Ho Chi Minh Stock Exchange (HoSE), HAG shares closed Monday at VND17,550 ($0.67) apiece.

In addition to housing and equity rewards, Duc emphasized the group’s performance-based incentive system. As an example, a manager at one of HAGL’s livestock subsidiaries was recently awarded VND800 million ($30,460) for exceeding production targets in 2025.

Looking ahead, the chairman said HAGL has identified 2026 as a pivotal year for its next five-year development cycle. The group will focus exclusively on agriculture and related industries, with the ambition of becoming Vietnam’s leading agricultural company.

HAGL aims to reach total assets of VND50 trillion ($.9 billion) in the coming years. In 2025, the company recorded a post-tax profit of more than VND2.5 trillion ($95.19 million) and targets VND4 trillion for 2026.