Banh Vang Company Ltd.

Debt : September 2015

BIO has granted a € 2.5 M loan to Bánh Vàng, an industrial bakery in Vietnam.

Amount

€ 2,500,000.00

Type of investment

Debt

Development impacts

Private sector consolidation/innovation
Promotion of ESG best practices

Beneficiary locations

Asia: Vietnam

Investment field

Enterprises

Activity

Agroindustry

Organisation

Banh Vang Company Ltd.

Website

https://banhvang.com/

Domicile

Vietnam

Banh is a new company set up by a group of French financiers/bakery technology specialists.

On basis of continued growing bread consumption (in particular baguettes – a traditional staple food), the widespread use of carcinogenic potassium bromate in bread products, the growth of retail chains and the lack of third party supply of a healthy product, BANH will establish a bakery in the Saigon area with an initial capacity of 65,000 baguettes per day. All major local and international retail chains 5Saigon Coop, Big C..) are showing strong interest to buy the company’s product.

Development impacts

Private sector consolidation/innovation
Know-how & technology transfer: equipment is a first in the country with regard to international quality standards; training of staff and small bakers fits into this context also

Market structuring effects: as a specialist player, BANH offers a good and healthy product at a low cost; it plays a role in professionalization and traceability in the food production value chain
Promotion of ESG best practices
Good social practices: full ISO/HACCP compliance

Good environmental practices: low impact plant - Factory has a low impact on resources and uses less than 50% of the energy of current low-quality ovens.

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Financial Institutions

The Currency Exchange Fund n.v.

7,091,000.00

Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

05/09/2007

Equity