VinaCapital will assist the Thai Hoa Group, specalising in coffee production and export, in capital, relationships and partnerships in order to improve the group’s financial management capacity, develop its trademark and promote its products.

A cooperation agreement to this effect was signed in Hanoi on Nov. 16 between the Thai Hoa Group and VinaCapital.

Under the agreement, VinaCapital will assist the Thai Hoa group in accelerating cooperation programmes, connecting with new export markets so as to expand the group’s market share and business markets.

This is an important deal for the group’s development, Chairman and General Director of the Thai Hoa Group Nguyen Van An said at the signing ceremony.

VinaCapital thanks Chief Operating Officer Brook Taylor stressed the group’s capacity for development due to its expansion of Arabica coffee-growing areas and promotion of high-quality coffee exports.

He said VinaCapital believed the group continued to be a leading firm in Vietnam’s coffee industry with its solid development and investment strategy, from planning materials areas to producing coffee with high added value.

The Thai Hoa group, with two main products – coffee and rubber – has a charter capital of 550 billion VND and ranks third in terms of coffee export market share in Vietnam .

The group is developing Vietnam’s largest Arabica-growing areas in Dien Bien, Hoa Binh and Quang Tri provinces of Vietnam and Champasak province of Laos, covering 10,000 hectares. It’s also investing in coffee production lines worth 650 billion VND.

The group has invested in a rubber development project with a rubber-growing area of nearly 10,000 hectares in Savanakhet province of Laos.

Also at the event, the Thai Hoa Group and APEC Securities Joint Stock Company signed a securities consultancy contract.

The group expects to list on the Hanoi Stock Exchange early next month./.