Banh Vang Company Ltd.
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
Investment field
Enterprises
Activity
Agroindustry
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.
View more of our investments in this region
Financial Institutions
TerraPay Payment Services
10,000,000.00
Cameroon, Côte d'Ivoire, Kenya, Senegal, Tanzania, Uganda, Bangladesh, India, Philippines, Vietnam
25/03/2024
Debt
