GreenFeed ASF (IFC-43531)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide
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
Active
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
Apr 30, 2021
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
GREENFEED VIETNAM CORPORATION
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 43.00 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)
$ 180.00 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 Aug 15, 2024

Disclosed by Bank Mar 11, 2021

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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, " the proposed loan investment of up to US$43 million equivalent bond in GreenFeed Vietnam Corporation (“GreenFeed” or the “company”) is to finance GreenFeed’s growth in genetic (breeding), animal and aqua feed, and commercial pig production in Vietnam. The proposed investment is part of IFC Agribusiness’s African Swine Fever (ASF) Regional Recovery Program".  

 

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

The Project is expected to cost US$180 million which would be funded by:

(i) VND1,000 billion (approximately equivalent to US$43 million) IFC Bond;

(ii) US$75 million bank borrowings and

(iii) US$62 million equity and/or internal cash generation.

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.

Established in 2003, GreenFeed produces animal and aquafeeds. Also, GreenFeed’s operational footprint includes four pig breeding and five pig fattening farms located in Dak Nong, Hung Yen, Dong Nai, Ba Ria-Vung Tau, and Binh Thuan provinces.  

GreenFeed’s major shareholders are Oriental Ford Holding and Quang Dung Trading Co. Ltd.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - GreenFeed Vietnam Corporation Client -
- - - - Oriental Ford Holding Parent Company -
- - - - Quang Dung Trading Co. Ltd. Parent Company -

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

GreenFeed Vietnam Corporation

Contact: Mr. Nguyen Van Hien

Title: Chief Financial Officer

Tel: +84 28 3520 5579

Email: info@greenfeed.com.vn

Address: 22nd Floor, Centec Tower, 72 – 74 Nguyen Thi Minh Khai Street

District 3, HCMC, Vietnam

Website: https://www.greenfeed.com.vn

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

Contact: Mr. Nguyen Van Hien

Title: Chief Financial Officer

Tel: +84 28 3520 5579

Email: info@greenfeed.com.vn

Address: 22nd Floor, Centec Tower, 72 – 74 Nguyen Thi Minh Khai Street

District 3, HCMC, Vietnam

Website: https://www.greenfeed.com.vn

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