Headquartered in Tay Ninh Province, Vietnam, TTC AgriS is the largest producer of sugar and its by-products in Vietnam. Its main products include refined sugar, raw sugar, functional sugar, liquid sugar, organic sugar, and rock sugar.

TTC AgriS is a public company listed on the Ho Chi Minh Stock Exchange. Its major shareholders include Thanh Thanh Cong Investment Joint Stock Company, Legendary Venture Fund 1, Mrs. Huynh Bich Ngoc, and Mrs. Dang Huynh Uc My.

The total Project cost is estimated to be in excess of US$50 million, and IFC is considering the provision of an A Loan of up to US$50 million to support the Project.

The Project is located in Tay Ninh Province, Viet Nam.

No governance risks to development impacts have been identified.

This is a Category B project according to IFC’s 2012 Policy on Environmental and Social Sustainability, as the proposed project is expected to have limited adverse E&S risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures, as described in the following sections. Key E&S risks and issues for this investment are: (i) capacity and Environmental and Social Management System (ESMS) undertake the project aligned with IFC PSs including standard operation procedures and procedures for dismantling, transport and re-installation of existing plant/equipment; (ii) labor and working conditions, particularly relocation, accommodations, grievance mechanisms, and occupational health and safety (OHS) and oversight management of construction contractors, (iii) energy and resource efficiency; (iv) fire hazard and emergency preparedness and response; (v) stakeholder engagement and grievance mechanism; (vi) Supply chain management for raw sugar.