CafeF has announced the Top 10 steel and construction material companies in Vietnam contributing to the state budget in the fiscal year 2024. These companies together contributed over 21 trillion VND, a 43% increase compared to the previous year. Hoa Phat Group leads with over 13.4 trillion VND, achieving the highest level in its history. In the first half of 2025, the Group contributed 7.1 trillion VND in 20 provinces, with the largest contributions from Hoa Phat Dung Quat steel. Hoa Sen Group also contributed over 1.65 trillion VND, nearly 60% more than the previous year. In addition to Hoa Phat and Hoa Sen, four other steel companies are in the Top 10. The list also includes companies in various fields such as cement, construction materials, and wooden furniture. CafeF will continue to publish the PRIVATE 100 and VNTAX 200 lists in August 2025 to recognize companies’ contributions to the state budget.
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