| Version 86480 | Version 87746 | |
|---|---|---|
General info | ||
| Comment on land area | In 2019-2020, TTC Attapeu Sugar and government of Laos has the land lease rights contracts for 2,790.9 ha located in Phouvong district
Source: TTC Group Annual report 2019-2020 | |
| Comment on intention of investment | sugar, biofuel and fertilizer | sugar, biofuel and fertilizer
Organic Sugar, Sugar manufacturing plant, thermal power plant
|
| Comment on nature of the deal | As of June 30, 2020, Raw material area network is 11,677 ha
Source: TTC Group Annual report 2019-2020 | |
| Comment on implementation status | According to the Vietnam Business Forum, after the M&A deal of TTC Attapeu sugar mill - formerly known as Hoang Anh Attapeu sugar mill - in Attapeu Province of Laos in 2017, Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar, HOSE: SBT) is currently running an βorganic sugarcaneβ area of ββ7,500 ha in Laos, which can be expanded to 20,000 ha in the next five years (dated 12 April 2019).
Source: VCCI News
Attapeu province approved the area of 3,841 ha for the expansion of sugarcane plantation in Sanxay and Xaysetha districts of Attapeu province
Source: RFA Lao | |
| Comment on contract farming | Not clear, but villagers mentioned that company may do the 2+3 or 1+4 contracts arrangement. While official from Attapeu provincial office of agriculture and forestry said that company might do contract in the form of β1+3 modelβ contract
Source: RFA Lao | |
Employment | ||
| Comment on jobs created (total) | TTC Sugar reported on the its SDGβs support that they created 275 jobs for Laos workers
Source: TTC Group Annual report 2019-2020 | |
Investor info | ||
| Operating company | ||
| Comment on investment chain | The bonds are secured by land lease right from the lease contract between
Hoang Anh β Quang Minh Rubber Industrial and Agricultural Co., Ltd. and Laos Government and attached assets; land lease right from the lease contract between Hoang Anh Attapeu Agriculture Development Co., Ltd. and Laos Government and attached assets; land lease right from the lease contract and attached assets belong to Hoang Anh Attapeu Sugar Cane Co., Ltd. | There was a change for the ownership of the company according the news from Vietnam Business Forum, it reported that Hoang Anh Attapeu sugar mill is the former name for βTTC Attapeu sugar millβ- in Attapeu Province of Laos in 2017, Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar, HOSE: SBT) is currently running an βorganic sugarcaneβ area of 7,500 ha in Laosβ¦.
Source: VCCI News & See more about TCC Sugar from video HERE
In 2016 TTC Sugar bought about 7,000 ha sugarcane farm in Attapeu Province (Laos) from HoΓ ng Anh Gia Lai in an M&A deal.
TTC Attapeu Sugar Cane Sole Co., Ltd, a subsidiary of ThΓ nh ThΓ nh CΓ΄ng BiΓͺn HΓ²a JSC (TTC Sugar).
Source: Vietnam News (See overall comment for more information) |
Local communities / indigenous peoples | ||
| Name of community | The project will occupy the area of 3 villages of Sanxay district: Dakkieth, Tadsaeng and Moun villages. And in 5 villages of Xaysetha district: Kaengxay, Sakhae, Phoxay, Xaiy and Tuey villages , Source: RFA Lao | |
| Comment on consultation of local community | Villagers in Sanxay district said that the company (TTC sugar) occupied the agricultural areas of local residents and they told villagers that villagers can plant sugarcane for them, but there was no detail for the plan and villagers were concerned if they will get fair compensation for the loss of their land or not. Itβs uncertain for villagers now.
Source: RFA Lao | |
| Comment on community reaction | ||
| Negative impacts for local communities | Environmental degradation | |
| Comment on negative impacts for local communities | Land loss, environment impacts and concerns of chemical uses in the plantation that will pollute the river and soil and wastewater. Company built the big canal that blocks the access of villagers βanimals as that area used to their habitatβs area
Source: RFA Lao | |
Former use | ||
| Comment on former land use | Animal farm, cropland | |
Produce info | ||
| Comment on crops | On May 27, 2015, the MoIT had issued Circular 08, which fixed the quota for import of Laos sugar at 50,000 tonnes per year.
Source: Vietstock | |
| Comment on use of produce | Products are exported to Vietnam | Products are exported to Vietnam
TTC Attapeu Sugar Cane planned to export its sugar to the European market following an agreements with the UKβs ED&F Man Sugar.
Source: Vietnam News |
| Comment on in country processing of produce | sugar milling | As of 2019-2020, the production capacity of the sugarcane is 750 tonnes per day
Source: TTC Group Annual report 2019-2020 |
| Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.) | Sugarcane mill, factory
| |
Water | ||
Gender-related info | ||
Overall comment | ||
| Overall comment | News on 23 May 2017) BiΓͺn HΓ²a Sugar JSC and ThΓ nh ThΓ nh CΓ΄ng TΓ’y Ninh Sugar JSC, two subsidiaries of the ThΓ nh ThΓ nh CΓ΄ng Group (TTC Group), will take over the sugar business from HoΓ ng Anh Gia Lai Agriculture International (HAGL Agrico) for VNΔ1.33 trillion (US$59.1 million).
HAGL Sugar Co Ltd is a member of HAGL Agrico β a subsidiary of HoΓ ng Anh Gia Lai Group. The sugar business owns 100 per cent of capital in HoΓ ng Anh Attapeu Sugar Co Ltd in Laos.
Source: Vietnam News | |
Meta | ||
| Fully updated | No | Yes |
Locations | ||
Location #2W94UjRy | ||
| Description | Sanxay and Xaysetha districts of Attapeu province
| |
Data sources | ||
Data source #sj1_JHyI | ||
| File | ||
| nid | unknown field | |
| Type | Media report | |
| Keep PDF not public | No | |
| Publication title | Attapeu govt encorgages villagers to grow sugarcane.pdf | |
Data source #BJzfJWiG | ||
| File | ||
| nid | unknown field | |
| Type | Media report | |
| Keep PDF not public | No | |
| Publication title | HAGL imports more than 1,300 tonnes of sugar | |
| Organisation | VietStock | |
Data source #TdJLOZ99 | ||
| File | ||
| nid | unknown field | |
| Type | Other | |
| Keep PDF not public | No | |
| Publication title | HoΓ ng Anh Gia Lai sells sugar business for $59m | |
Data source #g6o0Y7xm | ||
| File | ||
| nid | unknown field | |
| Type | Other | |
| Keep PDF not public | No | |
| Publication title | TTC Sugar inks deal with UK firm | |
Data source #HyxXg4pA | ||
| File | ||
| nid | unknown field | |
| Type | Other | |
| Keep PDF not public | No | |
| Publication title | TTC Sugar: Leader of Organic Sugar in Vietnam | |
| Organisation | OCB | |
Data source #wJN3_51Y | ||
| File | ||
| nid | unknown field | |
| Type | Other | |
| Keep PDF not public | No | |
| Publication title | Villagers worry about impacts from Sugarcane plantation in Aattapue province | |
Contracts | ||
Contract #NfdO-liV | ||
| Duration of the agreement | 41 years | |