Hoa Phat, led by Chairman Tran Dinh Long, announced its investment in high-quality flooring production to meet the needs of the furniture and construction industries, aiming to become one of the top three producers in Vietnam by 2030. The new factory, located in Chau Duc Industrial Park, will have a production capacity of 70,000 m3 per year and will use materials sourced from bamboo and rubber trees in Vietnam.
The products will meet international standards and feature superior properties such as load-bearing capacity, moisture resistance, and water resistance. To complete its value chain, Hoa Phat aims for revenue of 170 trillion VND and post-tax profit of 15 trillion VND by 2025. The group reported a revenue of 37.9 trillion VND and a profit of 3.3 trillion VND for the first quarter, reflecting an increase of 22% and 16% compared to the same period in 2024. Hoa Phat is also involved in major railway projects, such as the North-South high-speed railway, researching high-quality steel production for these projects.
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