Bel Ga JSC (IFC-38011)

  • Vietnam
Where the impacts of the investment may be experienced.
Specific Location
Bao Lam, Bao Loc City, Lam Dong province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 2, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 10.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 16, 2017

Disclosed by Bank Jun 1, 2016

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Project Description
Loc Son hatchery on a land area of 12,200 sqm or 1.2 hectares in industrial zone in Bao Loc city, Lam Dong province, with current production of 10.5 million DOCs per annum; ( breeder farms produce hatching eggs that are then hatched in the hatchery. Typical breeder farms have a number of poultry houses for roosters and hens. Nests are placed in the shed, usually in the center, so that the hens are attracted to the dark areas of the nest to lay their eggs. Hatching eggs produced in such breeding farms are collected and transferred in trays to the hatchery by special trucks under controlled hygienic conditions.The hatchery is a special building with controlled ventilation and quarantine conditions and machines for holding and incubating large numbers of eggs. DOCs coming out of hatchery are then picked up by the buyers, who are typically layer or broiler poultry farmers in Vietnam and Cambodia.IFC is considering an investment in Bel Ga Vietnam to support the expansion of its poultry breeding and hatching operations in Vietnam ("the project"), which will include:- Addition of 10 breeding houses or 96,000 PS;- Construction of one additional hatchery building and installation of equipment next to the existing hatchery in Loc Son in order to double the current hatchery capacity.The project will be implemented within the existing premises of breeding farms and hatchery, and no additional new land will be required. Also, the necessary utilities and supporting infrastructure already exists, which will be adequate for the facilities post-expansion.
Investment Description
Established in 1911, De Heus Animal Nutrition BV ("De Heus" -, is the 15th largest feed company in the world with operations in more than 50 countries. De Heus together with Belgabroed SA ("Belgabroed" -, an established poultry breeding and hatchery company from Belgium (together with De Heus "sponsors"), formed a joint venture named BDH Asia in the Netherlands in year 2013, and set up a 100% subsidiary company in Vietnam called Bel Ga Vietnam (or "the Company") in 2013 to produce high quality Day-Old-Chickens (DOCs). Currently, Bel Ga Vietnam operations are concentrated in south-central Vietnam, which comprise of:Parent stock ("PS") breeding farm in Loc Quang commune, Bao Lam district of Lam Dong province on an area of 9 hectares with current production of 72,000 PS; PS breeding farm in Loc Lam commune, Bao Lam district of Lam Dong province on an area of 9.5 hectares with current production of 48,000 PS.

Contact Information
Kay De Vreese General Director Bel Ga JSC Loc Son Industrial Zone, Bao Loc City, Lam Dong Province, Vietnam Telephone: +84-63-3710099 Fax: +84-63-3710097 General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 E Mail: Webmaster ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at