The Group is 11.84% owned by the founder chairman Mr. Nguyen Duy Hung, a reputable Vietnamese businessman and his relatives and 20.1% by Saigon Securities Inc. and its associates, a leading securities company in Vietnam which was also founded by Mr. Hung.  Other board members and management holds 1.82% of the Group. Key institutional shareholders include The Asia Entrepreneur Legacy fund (TAEL - 20.67%), a private equity fund based in Singapore; Mutual Fund Elite (8.75%), a Finland domiciled mutual equity fund licensed under the EU regulations and focusing on small to medium capitalized companies in Vietnam and China; The Government of Singapore Investment Corporation (GIC - 4.88%), a sovereign wealth fund established by the Singaporean government in 1981; and Orix (2.46%), a Japanese integrated financial services group. IFC is holding 4.81% of PAN. Pan Farm is a 99.99% subsidiary of PAN.

The total Project cost is estimated at VND 643 billion (approximately US$28 million). The proposed IFC investment is up to VND 230 billion (approximately US$10 million) in common shares of the Company.

There are multiple locations related to the Project in the north, the center and the south of Vietnam.

This proposed investment is anticipated to have limited environmental and social impacts which are expected to be site-specific and insignificant. These impacts can be avoided or mitigated by adhering to recognized performance standards, procedures, guidelines and design criteria as described in the following sections. Thus, this is a Category B project in accordance with IFC’s Environmental and Social Sustainability Policy (January 1st, 2012). The project is designed to avoid, minimize and manage E&S risks and impacts in compliance with Vietnamese legal and regulatory requirements, IFC’s PSs’ and applicable World Bank Group (WBG) General and sector-specific (Perennial Crop Production (2016), Annual Crop Production (2016), and Environmental, Health and Safety (EHS) Guidelines.

Key E&S issues associated with this investment are: (i) provision of safe and fair working conditions, compliant with Vietnamese labor law and PS2, for permanent employees, contractors and supply chain labor; (ii) water and energy efficiency and consumption; (iii) solid and liquid waste treatment and disposal; (iv) emissions to air or combustion products (including GHGs) and odor; (v) food safety; (vi) natural resources such as water; and (vii) development, implementation and effectiveness of management systems to ensure of all the above issues are appropriately managed.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.