Hoa Phat ranked 16th in the Top 100 most valuable brands in Vietnam

Brand Finance - Brand valuation company has just announced a report on the 100 most valuable brands in Vietnam in 2024. Hoa Phat ranked 16th in the Top 100 most valuable brands and is the 9th consecutive year Hoa Phat has been honored in the ranking.

Hoa Phat brand ranked 16th in the Top 100 most valuable brands in Vietnam 2024

According to the announced list, Hoa Phat brand is ranked 16th, valued at 620 million USD (2023) and is the only steel manufacturing enterprise in the Top 20 most valuable brands in Vietnam 2024. Hoa Phat currently holds the No. 1 market share in Vietnam in the fields of construction steel, steel pipes, and is in the Top 5 largest galvanized steel manufacturing enterprises. Hoa Phat clean chicken eggs are currently in the Top 3 largest manufacturers in Vietnam and leading in the North. In the international market, the Group's products and brands are present in 39 countries and territories across 5 continents. In addition to being protected in Vietnam, the Hoa Phat brand has been protected in 46 countries and territories around the world, such as the US, Japan, Korea, China, Australia, Southeast Asian countries, etc. Regarding business results, in the first 6 months of the year, Hoa Phat recorded 71,029 billion VND in revenue and 6,189 billion VND in profit after tax. 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 coil, high-quality steel, prestressed steel, steel pipes, galvanized steel, containers. In the household electrical 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 corporate social responsibility focusing on 4 main groups: Health - Education - Transportation and Community. In the first six months of 2024, the Group contributed 7,400 billion VND to the state budget. Hoa Phat carries out many charity and social programs such as building 300 gratitude 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. The Group continues to implement annual programs such as "Heartbeat of Love" - ​​sponsoring heart surgery for children in unfortunate circumstances, "Godmother" - supporting monthly food expenses for orphans... With 32 years of development, Hoa Phat has been continuously honored in the most prestigious rankings, typically: Largest private enterprise in Vietnam, Top 50 most effective listed enterprises, Top 3 private enterprises paying the largest budget in the country, Strong Brand, National Brand... Brand valuation rankings announced by Brand Finance - a UK-based brand valuation consultancy, using advanced methods, collecting independent evaluation results from financial experts.

HPG News

Source: https://www.hoaphat.com.vn/tin-tuc/hoa-phat-xep-thu-16-trong-top-100-thuong-hieu-gia-tri-nhat-viet-nam-1.html