In 2024, Hoa Phat will achieve VND 140,560 billion in revenue, up 17% over the same period last year. Profit after tax will reach VND 12,020 billion, up 77% over 2023 and exceeding the annual plan by 20%. The steel sector (including iron and steel and steel products) continues to play a leading role and affirms itself as the core business of the Group. Revenue and profit after tax of this sector account for 93% and 86% of the entire Group, respectively. Profit in the agricultural sector will grow 4.6 times compared to 2023.
In 2024, Hoa Phat paid more than 13,400 billion VND to the State budget, appearing in prestigious rankings, typically: 7 consecutive times honored as National Brand, Top 3 Private Enterprises with the largest budget contributions in the country, Top 50 Most Effective Business Enterprises,
In the first quarter of 2025, Hoa Phat achieved more than VND 37,900 billion in revenue and more than VND 3,300 billion in profit after tax, up 22% and 16% respectively over the same period in 2024.
Recently, Fortune announced the ranking of 500 Southeast Asian enterprises in 2025 by revenue in fiscal year 2024. This is the second consecutive year that Hoa Phat has been on this list and has risen 14 places from 76th place in 2024 to 62nd place in 2025 in the Top 100 largest companies in Southeast Asia.
Hoa Phat Group is the largest steel producer in Vietnam and Southeast Asia. From the end of 2025, the Group's steel design capacity will reach 15 million tons/year, focusing mainly on hot-rolled steel and high-quality steel for the mechanical engineering industry. Hoa Phat holds the No. 1 market share in the domestic market and has exported many different types of steel to 40 countries and territories.
To make the List of 50 Best Listed Companies 2025, companies listed on HSX and HNX are evaluated by Forbes Vietnam through many rounds with criteria such as: making a profit in 2024, revenue and capitalization of at least 500 billion VND; assessing the compound growth rate of revenue, profit, ROE, ROC ratio, etc. At the same time, based on qualitative investigations to assess the level of sustainable development of the enterprise: the company's position in the industry, source of profit, quality of corporate governance, industry prospects;... The data used for calculation is the audited consolidated financial statements of 2024.
Hoa Phat is in the Top 50 best listed companies of Forbes Vietnam for the 13th consecutive time.
HPG News
Source: https://www.hoaphat.com.vn/tin-tuc/hoa-phat-lan-thu-13-lien-tiep-vao-top-50-cong-ty-niem-yet-tot-nhat-viet-nam.html
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