Hoa Phat is in the Top 3 private enterprises contributing the largest budget in Vietnam in 2024

From 2007 (first listed on the stock market) to June 30, 2024, Hoa Phat has paid over 81,600 billion VND to the State budget. Of which, in 2023 alone, it was 9,075 billion VND, ranking in the Top 3 private enterprises with the largest budget contributions.

According to the list, PRIVATE 100 has a total budget contribution of nearly 173,000 billion VND in 2023. The budget contributions of the top 3 enterprises, including Hoa Phat, alone account for more than 1/3 of the total contributions of the Top 100 list.

Steel industry enterprises paid nearly 12,000 billion VND to the State budget, with the main contribution coming from Hoa Phat at 9,075 billion VND.

Hoa Phat Group to pay 9,705 billion VND to the budget in 2023

Established in 1992, Hoa Phat Group operates in 5 fields: Iron and steel - Steel products - Agriculture - Real estate - Household appliances. Hoa Phat owns a diverse ecosystem of high-quality products. The Group's prominent steel products are construction steel, hot-rolled steel coils, high-quality steel, prestressed steel, steel pipes, galvanized steel, containers. In the household appliances industry, Hoa Phat has a series of products such as freezers, air conditioners, refrigerators, water purifiers, washing machines, dishwashers, induction cookers, coolers, etc.

The Group is operating and contributing to the state budget in 26 provinces and cities across the country. Linking its development with the interests of the community, Hoa Phat actively implements its corporate social responsibility focusing on 4 main groups: Health - Education - Transportation and Community.

In the first six months of 2024, the Group contributed VND 7,400 billion to the State budget. Hoa Phat has implemented many charity and social programs such as building 300 charity houses in Tra Vinh, bringing clean water to the community - donating more than 300 water purifiers to schools and medical facilities nationwide, starting construction of Binh Dong Primary School project in Binh Son district, Quang Ngai. Hoa Phat Group continues to implement annual programs such as "Heartbeat of Love" - sponsoring heart surgery for children in less fortunate circumstances, "Godmother" - supporting monthly food expenses for orphans...

Over the past 32 years, with steady and effective development, the Group's contribution to the State budget has been increasing. Hoa Phat has also been continuously honored in the most prestigious rankings, typically: Largest private enterprise in Vietnam, Top 50 most effective listed enterprises, Top 30 largest tax-paying enterprises in the country, Strong brand, National brand...

Source: https://baodautu.vn/hoa-phat-vao-top-3-doanh-nghiep-tu-nhan-nop-ngan-sach-lon-nhat-viet-nam-nam-2024-d222545.html