Hoa Phat Group (HPG) has achieved a record contribution of 13.4 trillion VND to the budget in 2024, up 48% year-on-year. Key contributors include Hoa Phat Steel Dung Quat, Hoa Phat Steel Hai Duong, and Hoa Phat Steel Pipes. Specifically, Hoa Phat Steel Dung Quat contributed over 9.6 trillion VND, while Hoa Phat Steel Hai Duong contributed 1.37 trillion VND. The group operates in five sectors: steel, agricultural products, real estate, and home appliances, boasting a diverse product ecosystem. Hoa Phat has created jobs for nearly 33,000 workers and operates in 26 cities and provinces. The group has been recognized in several rankings, including being in the Top 10 largest private enterprises in Vietnam and Top 3 private companies contributing to the budget. There are also plans for a 86 trillion VND steel complex in Phu Yen.
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