Thaco's agri unit issues bonds in Cambodia, targeting $50 mln
Daun Penh Agrico Co., Ltd., a subsidiary of Thagrico - the agricultural business of Vietnam's conglomerate Thaco, has joined the Cambodia Stock Exchange (CSX) to issue bonds, targeting $50 million.
The CSX conducted a ceremony on Wednesday for the bond issuance. The bonds, named Daun Penh Guaranteed Bond, have a face value of KHR100,000 each. The total value of the bonds is KHR196 billion ($48.5 million). The interest rate is 5.25% annually.
Phan Ba Cuong, deputy CEO of Thaco Agri, speaks at the bond issuance ceremony in Cambodia, January 21, 2026. Photo courtesy of CSX.
Daun Penh Agrico, based in Cambodia's Ratanakiri province, operates mainly in crop production and processing for exports.
Speaking at the event, Phan Ba Cuong, deputy CEO of Thaco Agri - the parent firm of Daun Penh Agrico, said the firm would spend the bond proceeds on infrastructure, machines, and human resources.
Thaco Agri currently operates six circular agriculture projects integrating crop cultivation and livestock in Gia Lai province of Vietnam through its subsidiary Cao Su Trung Nguyen. These include more than 1,900 hectares in Ia Puch, 1,100 ha in Po To, and 658 ha in Ia Le.
At present, the firm manages over 10,000 hectares of agricultural operations in Vietnam, more than 27,000 ha in Laos and over 44,000 ha in Cambodia. Founded in 2019 with charter capital of VND900 billion ($3.41 million), Thaco Agri had expanded its capital base to VND17.2 trillion ($651.89 million) by August 2025.
Vietnam’s multi-sector group Truong Hai Group (Thaco) now has a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
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