Hoa Phat paid the budget more than 13.4 trillion VND, the highest ever

Hoa Phat's budget contribution in 2024 increased by 48% over the same period last year (more than 9,000 billion VND). In particular, the member companies with the highest budget contributions are Hoa Phat Dung Quat Steel, Hoa Phat Hai Duong Steel, Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Urban Construction & Development, and Hoa Phat Hung Yen Steel.

The total amount of taxes and fees of all kinds that Hoa Phat Dung Quat Steel Company paid to the budget, including: value added tax on imported goods, import-export tax, domestic tax... reached more than 9,600 billion VND and was the member company of Hoa Phat Group with the highest contribution.

Hoa Phat steel products.

Hoa Phat rolled steel products.

Hoa Phat Hai Duong Steel is the company with the second highest budget contribution in Hoa Phat Group with over 1,370 billion VND. Some other member companies of the Group have large contributions to the State budget such as: Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Urban Construction and Development, Hoa Phat Hung Yen Steel.

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. Hoa Phat is operating and contributing to the state budget in 26 provinces and cities across the country, creating jobs for nearly 33,000 workers.

Over the past 33 years, with steady and effective development, the Group's contribution to the State budget has been increasing. From 2007, when Hoa Phat was listed on the stock market, to December 31, 2024, Hoa Phat has paid nearly 88 trillion VND to the State budget.

The core value of Hoa Phat Group is the philosophy of Harmony and Development. This is reflected in the relationship between employees, between the Group and partners, agents, shareholders and the community, towards sustainable development. Linking its activities with social benefits, Hoa Phat Group implements many practical support programs, focusing on 4 main groups: Health - Education - Transportation and community.

In 2024, Hoa Phat Group will spend more than 100 billion VND on social security activities such as: Eliminating temporary houses, building 1,500 houses for people in difficult circumstances in many provinces and cities, sponsoring the construction of new schools in Binh Dong, Quang Ngai with a total cost of more than 40 billion VND; donating more than 300 water purifiers to schools and medical facilities nationwide; giving gifts to the poor, sponsoring surgeries for children with congenital heart disease, supporting orphans... sponsoring people affected by storm No. 3 (Yagi) to rebuild and overcome the consequences of storms and floods.

Hoa Phat is also present in prestigious rankings, typically: 10 consecutive years in the Top 10 largest private enterprises in Vietnam; 7 consecutive times honored as National Brand, Top 3 Private enterprises paying the largest budget in the country (according to the PRIVATE 100 ranking of private enterprises paying the largest budget in Vietnam by CafeF), Top 50 most effective businesses, Top 100 largest companies in Southeast Asia by Fortune... The Group and its member companies have also been honored many times by the General Department of Taxation, the Department of Taxation of Hung Yen province,... and awarded Certificates of Merit for exemplary units, fulfilling tax obligations well.

Source: https://baoquangngai.vn/kinh-te/202503/hoa-phat-nop-ngan-sach-hon-134-nghin-ty-dong-cao-nhat-tu-truoc-den-nay-6864bbf/