On January 8, 2025, Vietnam Report Joint Stock Company (Vietnam Report) in collaboration with VietnamNet Newspaper announced the Top 500 Largest Enterprises in Vietnam in 2024. Hoa Phat Group was honored as the 2nd largest private enterprise in 2024 and ranked 12th in the ranking of largest enterprises in Vietnam.
The Organizing Committee awarded the certificate to Ms. Tran Thi Thu Hien, Deputy General Director of Hoa Phat Group.
Vietnam Report started ranking enterprises in 2007 and this is the 18th year the Top 500 list has been published. Enterprises are ranked based on their revenue results in the previous year. From 2014-2024, Hoa Phat has been in the Top 10 largest private enterprises in Vietnam for 10 consecutive years. In 2022-2023, Hoa Phat Group led the Top 10 largest private enterprises in Vietnam for 2 consecutive years and was in the Top 10 largest enterprises in Vietnam.
In 2023, Hoa Phat recorded revenue of VND 120,355 billion and profit after tax of VND 6,800 billion. In the first 9 months of 2024, Hoa Phat achieved over VND 105 trillion in revenue equivalent to more than 4 billion USD, up 23% over the same period last year; profit after tax reached VND 9,210 billion, up 140% over the same period last year.
Hoa Phat Group is operating and contributing to the state budget in 26 provinces and cities across the country. It is expected that in 2024, Hoa Phat Group will contribute about 13,000 billion VND to the state budget, far exceeding the figure of 9,000 billion VND in 2023. Hoa Phat holds the No. 1 market share in Vietnam in the fields of construction steel, steel pipes, and Top 5 corrugated iron enterprises. 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 2024, Hoa Phat will also be present in prestigious rankings, typically: 7 consecutive times honored as National Brand, Top 3 Private Enterprises with the largest budget contributions in the country, Top 50 most effective businesses, Top 100 largest companies in Southeast Asia by Fortune...
Linking its development with the community, last year, Hoa Phat spent hundreds of billions of VND on social security activities. In particular, the Group supported the construction of 1,500 houses for the poor and disadvantaged households nationwide under the Government's program to eliminate temporary and dilapidated houses; supported the reconstruction of Lang Nu, Nam Tong, and built houses for people in A Lu commune, Lao Cai; donated more than 300 water purifiers to schools and medical facilities nationwide, sponsored the construction of new schools, supported orphans and children with congenital heart disease, etc.
The VNR500 ranking recognizes and honors the worthy achievements of large-scale enterprises that maintain effective and stable production and business activities, enterprises that have shown resilience, overcome international fluctuations, and contributed to bringing the economy back to the growth trajectory. Thereby spreading positive motivation, encouraging the business community to continue contributing to the sustainable development of the national economy.
HPG News
Source: https://www.hoaphat.com.vn/tin-tuc/tap-doan-hoa-phat-10-nam-lien-trong-top-10-doanh-nghiep-tu-nhan-lon-nhat-viet-nam.html
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