An Phat Holdings (IFC-41460)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Hai Duong and Hai Phong province, Vietnam.
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 30, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AN PHAT HOLDINGS JOINT STOCK COMPANY
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 82.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 26, 2021

Disclosed by Bank Oct 29, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank document, "An Phat Holdings Joint Stock Company (APH or the Company) is the parent company for a group of subsidiaries involved in

(i) manufacturing of biodegradable plastic products, plastic packaging and raw materials for plastics;

(ii) manufacturing of engineering plastics for motorcycle and auto parts; and electrical and electronic components and molds for plastic industry; and

(iii) development of industrial parks.

APH has two main subsidiaries: An Phat Bioplastics Joint Stock Company (AAA) and Hanoi Plastics Joint Stock Company (Hanoi Plastics). 

The proposed IFC financing will support the implementation of a PBAT (polybutylene adipate terephthalate)  plant with a capacity of 20,000 MT/year and PBAT compound plant with a capacity of 21,000MT/year (the Project)."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project is expected to cost US$82 million which would be funded by (i) US$20 million IFC Convertible Loan; (ii) US$30 million Equity and (iii) US$32 million Bank borrowings and Convertible loans from other investors.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Mr. Pham Anh Duong, Mr. Nguyen Le Trung, Mr. Pham Hoang Viet and Mr. Dinh Xuan Cuong (collectively the “sponsors”) are the major shareholders in APH with total ownership of 49.5%. The balance 50.5% of the shares are owned by institutional and retail shareholders.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - An Phat Bioplastics JSC Subsidiary Industry and Trade
- - - - An Phát Holdings (An Phat Holdings JSC) Client Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ Project Contact

An Phat Holdings Joint Stock Company

Conact: Mr. Nguyen Trung Kien

Position: Investor Relations Director

Phone: +84 90491 7686

Email: kiennt@anphatholdings.com

Address: 16th Floor, PV Oil Building, No. 148 Hoang Quoc Viet street

Hanoi, Vietnam

Website: anphatholdings.com

2/ IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Local Access for Project Documentation

Mr. Nguyen Trung Kien, Investor Relations Director

An Phat Holdings Joint Stock Company

16th Floor, PV Oil Building, No. 148 Hoang Quoc Viet street, Hanoi, Vietnam.   

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works