Mr. Vu Duc Sinh, Branch Director of Hoa Phat Group Joint Stock Company in City. Ho Chi Minh received a certificate from the Organizing Committee

“50 excellent Vietnamese enterprises in 2023” honored at the ceremony are large-scale enterprises that achieve excellent profits, while maintaining stable and sustainable business performance in the period 2022- 2023.

This is the 17th year this list has been published, of which Hoa Phat Group has been honored for 16 consecutive years. In 2023, Hoa Phat Group leads the Top 10 largest private enterprises in Vietnam for the second consecutive time. In the table of Top 10 largest enterprises in Vietnam in 2023, Hoa Phat ranked 8th.

The main criterion for ranking businesses on this list is revenue, according to the Fortune 500 model (USA). In addition, VNR500 also considers the factors of total assets, total number of employees, growth rate, profits, and corporate reputation in the media to evaluate the current state of the overall strength of the enterprise.

In 2022, Hoa Phat’s revenue will reach VND 142,771 billion. Accumulated for the first 9 months of 2023, the Group’s revenue is 85,430 billion VND. Production and business activities and core product position are maintained. Hoa Phat not only holds the No. 1 market share in Vietnam in the fields of construction steel, steel pipes, and Top 5 corrugated iron enterprises but also leads the North in clean chicken egg output.

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, high-quality product ecosystem. The Group’s notable steel products are construction steel, hot rolled steel, high quality steel, prestressed steel, steel pipes, galvanized steel, and containers. In the home appliance industry, Hoa Phat has a series of products such as freezers, air conditioners, refrigerators, water purifiers, washing machines, dishwashers, induction cookers, coolers…

The Group is operating and contributing to the state budget in 28 provinces and cities across the country. In 2022, Hoa Phat has paid nearly VND 11,200 billion into the State budget. In the first 9 months of 2023, the amount paid into the State budget of the Group is more than 6,300 billion VND.