Hoa Phat paid 7,100 billion VND to the budget in 20 provinces and cities nationwide after the first 6 months of the year.

In the first 6 months of 2025, Hoa Phat Group contributed 7,100 billion VND to the State budget in 20 provinces and cities across the country. Hoa Phat Dung Quat Steel and Hoa Phat Hai Duong Steel are the two member companies with the largest contributions, 4,100 billion VND and 1,155 billion VND to the budgets of Quang Ngai province and Hai Phong city, respectively.

Hoa Phat paid 7,100 billion VND to the state budget after 6 months in 20 provinces and cities, creating jobs for 33,000 workers.

The member companies that pay the most to the budget include: Hoa Phat Dung Quat Steel, Hoa Phat Hai Duong Steel, Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Hung Yen Steel and Hoa Phat Construction & Urban Development.

Total tax and fee payments of all kinds in the first 6 months of the year of Hoa Phat Dung Quat Steel Company including import VAT, import-export tax, domestic tax... reached 4,100 billion VND and was the Company with the highest contribution among the members of the Group in the first half of 2025.

With 1,155 billion VND, Hoa Phat Hai Duong Steel ranked 2nd among Hoa Phat Companies with the highest budget contribution in 6 months. Some member companies of the Group have large contributions to the State budget such as: Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Hung Yen Steel, Hoa Phat Urban Development & Construction.

From 2007 to present, from the time Hoa Phat was listed on the stock market to June 30, 2025, Hoa Phat has contributed 95,000 billion VND to the State Budget . In 2024, Hoa Phat Group paid 13,500 billion VND to the budget, the highest ever. Hoa Phat is always in the top 4 private enterprises paying the most taxes, only after 3 automobile enterprises (according to Cafef's ranking in 2024). This is a proud achievement of a heavy industrial manufacturing enterprise.

The Group and its member companies always fully and correctly fulfill their tax obligations during their operations. Hoa Phat has been honored and awarded Certificates of Merit by the General Department of Taxation and Tax Departments of provinces and cities many times as a typical unit that fulfills its tax obligations well.

Hoa Phat's state budget contribution from 2015 - 2024 (unit: billion VND)

Hoa Phat is the largest steel producer in Southeast Asia. In September 2025, the Group will complete phase 2 of the Hoa Phat Dung Quat 2 Iron and Steel Complex project. Upon completion, the Group's total steel output will reach 16 million tons/year, including 9 million tons of hot-rolled coil steel, meeting 100% of the demand for this product in the Vietnamese market.

Hoa Phat is a leading industrial manufacturing group in Vietnam, established in 1992. The group operates in 5 fields: Iron and steel - Steel products - Agriculture - Real estate - Household appliances, owning a diverse ecosystem of high-quality products. According to the new administrative boundaries from July 1, 2025, Hoa Phat is contributing to the state budget in 20 provinces and cities across the country, creating jobs for 33,000 direct workers and tens of thousands of indirect workers.

Top 10 largest private tax-paying enterprises in Vietnam in 2024 (Source: Cafef)

Linking its activities with social benefits, Hoa Phat Group has implemented many practical support programs, focusing on 4 main groups: Health - Education - Transportation and Community. Hoa Phat has implemented many charitable activities, notably building 1,500 houses for poor households in many localities and sponsoring more than 40 billion VND to build new schools in Binh Dong (Quang Ngai). The Group also donated water purifiers to schools, medical facilities, supported heart surgery for children, cared for orphans, etc.

Source: https://www.hoaphat.com.vn/tin-tuc/hoa-phat-nop-ngan-sach-7-100-ty-dong-tai-20-tinh-thanh-tren-ca-nuoc-sau-6-thang-dau-nam.html