PROJECT

Projects

Environmental & Social Review Summary

Project Number

50443

Company Name

THANH THANH CONG BIEN HOA JOINT STOCK COMPANY

Date ESRS Disclosed

Nov 16, 2024

Country

Viet Nam

Region

East Asia and the Pacific

Last Updated Date

Sep 27, 2025

Environmental Category

B - Limited

Status

Pending Signing

Previous Events

Approved : Sep 26, 2025

Sector

Sugarcane and Beets

Industry

Agribusiness and Forestry

Department

Regional Industry - MAS Asia & Pac

Project Description

The proposed investment is a loan of up to US$50 million to Bien Hoa Consumer Joint Stock Company (“BHC”) with use of proceeds to fund: 1) relocation of BHC’s Dong Nai refinery facilities, including dismantle and transportation of existing equipment’s and facilities; ii) renovate and upgrade existing facility in Tay Ninh to a state-of-the-art modern sugar refinery; iii) establish a new warehouse in Tay Ninh; and, iv) the cost of raw sugar to be used exclusively by BHC at Dong Nai (before closure) or Tay Ninh refinery (once operational).

BHC is a subsidiary of TTC Bien Hoa Joint Stock Company (“TTCS or TTC AgriS”), the largest sugar producer in Vietnam. BHC’ operational asset is a sugar refinery in Bien Hoa City, Dong Nai province, Vietnam (referred to as Dong Nai site), which includes offices, warehouses, and a sugar refinery plant. The refinery plant, which processes imported raw sugars, is known as the Dong Nai Sugar Refinery Plant. The plant is in the process of being relocated to a brownfield site that BHC owns in Tay Ninh city, Vietnam. The relocation process is expected to be initiated in late 2025 and completed in 2027. The plant will continue to operate at its current location until preparation works, including site preparation in Tay Ninh, are completed. The actual moving process is expected to take six months, during which there will be no operation at either site. The Dong Nai site will eventually be used solely as warehouses and offices, with no processing capacity. No additional land is required to be acquired at Tay Ninh site to accommodate the relocation and resume the refinery operation.                                                   

Overview of IFC's Scope of Review

IFC’s Environmental & Social (E&S) review of the proposed investment included (i) meetings in June 2023 with BHC’s management team and EHS staff in Vietnam; (ii) field visit of  the sugar refinery plant and relocation site in Vietnam; (iii) review of E&S documents and information, including TTC-BHC’s E&S and human resources (HR) policies and procedures and project related information and studies, including E&S management plans, monitoring/reporting framework.                                                   

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan