E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 3, Issue 5, 2023

Current Status of Internal Control at HAGL in Vietnam

Author(s): Nguyen Thi Thu Thao, Dinh Nguyet Bich, Nguyen Thi Le Hoa


Hoang Anh Gia Lai Joint Stock Company, formerly known as Hoang Anh Proprietary Enterprise, was established in 1993. The proprietary enterprise transformed to operate in the form of a Joint Stock Company with the name Hoang Anh Gia Lai Joint Stock Company. (HAGL). On December 22, 2008, the company was officially listed on HOSE with stock code HAG.@ Starting as a small furniture factory, now HAGL has become a multi-industry, multi-industry corporation. fields, in which rubber, hydropower, minerals and real estate are key industries, creating a position for sustainable development. Since 2013, Hoang Anh Gia Lai has been operating in two main areas: agriculture and real estate. In which, agriculture includes rubber, sugar cane, oil palm. HAGL has a competitive advantage in terms of large land bank, adjacent regions, abundant water resources, favorable for mechanization and application of high technology in agriculture. In particular, HAGL has created a connection between the value chains of crop and livestock branches. As a result, business efficiency is optimally achieved. Regarding real estate, HAGL has strongly restructured and withdrawn from operations in Vietnam market. Currently, the complex project Hoang Anh Gia Lai Myanmar Center plays a key role in the company's activities. In 2014, HAGL's total revenue reached VND3,054 billion, up 10% compared to 2013. In which, revenue from sugar industry accounted for the largest proportion (34.1%) and revenue from cultivated products. There was no major change in crop production compared to 2013. The main reason is due to price fluctuations in the agricultural sector, real estate projects have not been put into operation. However, the results of the Group's restructuring process and the sharp drop in interest rates in the market caused expenses in 2014 to decrease significantly compared to the previous year. As a result, profit after tax reached VND 1,556 billion, up 60% compared to 2013.

Keywords: Internal Control, HAGL, Vietnam

Pages: 957-967

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