Recently, Kirin Capital had the honor of welcoming Ms. Tran Thi Thu Phuong, Vice Chairwoman of the Board of Directors and CEO of Hoang Ha Hai Phong Paper Joint Stock Company (HHP), for a visit and working session at the company’s office.
During the working session, Ms. Tran Thi Thu Phuong shared key information about the New Hoang Ha Paper Factory project. By the end of 2023, the factory is expected to officially begin operations with a projected capacity of up to 100,000 tons per year—seven times higher than the current output.
Notably, the project is being developed under an automation model and strictly adheres to international green architecture standards, aiming to make a positive contribution to the local environment. This marks a significant step forward for HHP in meeting stringent environmental and product quality requirements from demanding markets such as the U.S., Japan, and others.
With a long-term vision toward sustainable development, Hoang Ha is actively building an ecosystem of 20 ESG-compliant enterprises by 2030, committed to delivering nature-based, environmentally friendly products.
From an investor’s perspective, Kirin Capital highly values the potential of Vietnam’s paper manufacturing industry, particularly in the northern region. According to the Vietnam Pulp and Paper Association (VPPA), the country’s paper industry has experienced an average annual growth rate of 10–12% in recent years, with packaging paper alone growing at 15–17% per year. In 2022, the industry’s export turnover reached 1.9 billion USD.
However, despite these opportunities, the paper industry is also facing certain challenges, such as oversupply and decreasing consumer demand. Kirin Capital believes that to secure sustainable market demand, paper companies must place greater emphasis on “green” investment. Integrating ESG standards into production processes and products not only resonates with partners from Europe, the U.S., and Japan, but is also becoming increasingly important to ASEAN customers and domestic consumers.
In this context, Kirin Capital expressed strong confidence in HHP’s sustainable development strategy, emphasizing that it represents a breakthrough solution and a necessary direction for the industry in the coming years.
Through open discussions on capital needs and potential cooperation models, the meeting laid a solid foundation for both companies to further strengthen their partnership and work together toward Vietnam’s sustainable growth.