Hoa Phat in Top 10 Strong Brands 2025

On the afternoon of October 2, Hoa Phat Group was honored to be in the Top 10 Strong Brands reaching out to the world by 2025, as announced at the 22nd Strong Vietnamese Brands program of the Vietnam Economic Science Association and Vietnam Economic Magazine.

Hoa Phat in Top 10 Strong Brands 2025

With the theme "Enterprises reaching new heights", strong Vietnamese brands in 2025 are evaluated based on 5 criteria including: Business results; Reputation and brand value of the enterprise; Implementation of social responsibility and corporate culture; Innovation activities in the enterprise and capacity to reach international standards and integrate with the world .

In 2024, Hoa Phat will achieve VND 140,560 billion in revenue, up 17% over the same period; after-tax profit of VND 12,020 billion, up 77% and exceeding the plan by 20%. The steel sector continues to play a key role, accounting for 93% of the Group's revenue and 86% of its total profit. Profit from the agricultural sector will increase 4.6 times compared to 2023. Hoa Phat will contribute more than VND 13,400 billion to the State budget, the highest ever.

In the first six months of 2025, Hoa Phat recorded more than 74 trillion VND in revenue and more than 7,600 billion VND in after-tax profit, up 5% and 23% respectively over the same period. The Group paid 7,100 billion VND to the budgets of 20 provinces and cities across the country.

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

In production activities, Hoa Phat promotes a closed-loop model, recovering gas and excess heat to generate electricity internally, improving energy efficiency. In the first six months of 2025, the total self-generated electricity output of thermal power plants at the Hoa Phat Dung Quat and Hai Duong Iron and Steel Production Complexes reached more than 1.8 billion kWh, meeting about 90% of the electricity demand for steel production, equivalent to a value of nearly VND 3,500 billion calculated at commercial electricity prices. Dung Quat Complex alone recorded 1.45 billion kWh by June 30, 2025, helping to proactively produce more than 90% of the entire complex's electricity.

Hoa Phat has been continuously honored in prestigious rankings, typically: 7 consecutive times honored as National Brand, 13 consecutive times in the list of 50 best listed companies in Vietnam announced by Forbes Vietnam. The company also rose 14 places in the Fortune 500 Southeast Asia rankings, to 62nd place in the group of 100 largest companies in the region, Top 4 Private enterprises paying the largest budget in the country, Top 12 most valuable brands in Vietnam by Brand Finance.

Hoa Phat is the leading industrial production group in Vietnam, creating jobs for nearly 33,000 workers nationwide. Hoa Phat holds the No. 1 market share in Vietnam in the fields of construction steel, steel pipes, and Top 5 corrugated iron companies. The group also maintains its position and market share in the leading group of clean chicken eggs and commercial pork supplied to the market. In particular, Hoa Phat clean chicken eggs are currently in the Top 3 largest producers in Vietnam and leading in the North.

In parallel with production and business activities, Hoa Phat spends hundreds of billions each year to implement many social responsibility programs in the fields of health, education, transportation and community, such as supporting the construction of more than 1,500 houses for the poor and policy families, donating more than 300 water purifiers to schools and medical facilities, building Binh Dong Primary School in Quang Ngai...

Source: https://www.hoaphat.com.vn/tin-tuc/hoa-phat-vao-top-10-thuong-hieu-manh-vuon-tam-2025.html