(MANILA, Philippines) The Aboitiz Group met with Vietnamese President To Lam during his
state visit to the Philippines, underscoring the strong alignment between Vietnam’s
development priorities and the Group’s investments in energy, food security, and
infrastructure.
The discussions focused on opportunities to support Vietnam’s continued economic expansion
and strengthen regional competitiveness, particularly in sectors where Aboitiz has established
capabilities and a growing presence. President Lam also expressed support for deeper
engagement between Vietnamese and Philippine businesses as both countries pursue shared
development goals.
The meeting highlighted the increasingly important role of regional collaboration in
strengthening economic resilience, improving supply chains, supporting growing populations,
and expanding opportunities for trade, investment, and tourism between the Philippines and
Vietnam.
“We believe the economic relationship between Vietnam and the Philippines has significant
untapped potential, particularly in agriculture, food security, and sustainable development,”
said Aboitiz Foods President and Chief Executive Officer Tristan Aboitiz. “We remain committed
to supporting long-term cooperation, investment, and shared growth between our two
countries.”
Aboitiz’s investments in Vietnam reflect its commitment to sectors that are central to the
country’s long-term development agenda.
Through Aboitiz Foods, the Group operates a US$45-million feed mill in Long An Province,
equipped with modern facilities capable of producing 300,000 metric tons of animal nutrition
feed annually.
In the energy sector, AboitizPower made its first major international investment through the
acquisition of a 25 percent stake in Van Phong Power Company Limited, which owns an
operational 1,320 megawatt high-efficiency, low-emission coal-fired power plant in Khánh Hòa
Province. It is currently undergoing the mandatory process of securing government approval.
“We are keen to continue investing in Vietnam’s power sector. This will span both more coal
power investments, gas, and especially renewable energy as your country continues to require
more energy generation given the demand for growth,” said AboitizPower Chief Financial
Officer Sandro Aboitiz.
Beyond energy and food security, Aboitiz InfraCapital is helping strengthen connectivity
between the Philippines and Vietnam by expanding direct air links between Cebu and key
Vietnamese cities, including Hanoi and Ho Chi Minh City, through the Mactan-Cebu
International Airport.
