THE HOA PHAT GROUP is one of the leading industrial manufacturing groups in Vietnam. Originating as a mall construction machine and equipment trading company in August 1992, Hoa Phat has gradually expanded its business to trading and production of Furniture (1995), Steel Pipe (1996), Steel (2000), Refrigeration (2001), and Real Estate (2001). In 2007, Hoa Phat was reorganized into a group structure, with Hoa Phat Group Joint Stock Company restructured as the Parent Company of its subsidiaries. Since 15 November 2007, Hoa Phat has been officially listed on the Stock Exchange under the stock ticker symbol ‘HPG’.
The Hoa Phat Group operates with a focus on construction steel, steel pipe and galvanized steel sheet, and other industrial production including furniture, refrigeration, construction machinery Agriculture and Real estate. In this regard, production of construction steel is the core business activity of the Group which accounts for 80% of total revenues and total profit. At present, Hoa Phat is the largest producers of construction steel and steel pipe in Vietnam with market shares of 23.9% and 26.4%, respectively. Hoa Phat Furniture is the current market leader in terms of market share with respect to office furniture in the domestic market.
Since 2016, the Hoa Phat Group reorganized the model with respect to its member companies, particularly in the steel, agriculture and Real estate segments in order to streamline production and business efficiency resulting in reduced management costs. As at the end of 2017, the Hoa Phat Group consisted of 11 subsidiaries. The companies in the agriculture segment will be managed by Hoa Phat Agriculture Development JSC, including animal feed producting, breeding of livestock and poultry. etc. For several consecutive years thereafter, Hoa Phat has been recognised as a National Brand and included in the Top 50 list of large and efficient enterprises in Vietnam and the Top 10 list of large private enterprises in Vietnam, etc.
To move forward to “a new stature and strength” by 2020, the Group is implementing construction of Hoa Phat Dung Quat Steel Integrated Complex in Quang Ngai Province with a capacity of more than 4 million tonnes per year, creating a closed-loop value chain in steel products from iron ore to billets, construction steel, high-quality steel, hot rolled coil steel, steel pipe, steel sheet and prestressed steel. Subsequent to project completion, Hoa Phat Group will gain a new stature and strength to be included in the Top 50 list of world leading steel enterprises with annual revenue exceeding VND100,000 billion.
It is notable in November 2017, Hoa Phat Group introduced its new brand identity with a more modern dynamic logo. In light of its business philosophy “Harmony for Joint Development”, Hoa Phat Group is committed in providing leading quality products in order to gain trust from customers.
In parallel with business and production development, Hoa Phat allocates an annual budget of dozens of billion dongs in order to exercise corporate social responsibilities to the community through various charity and social programs in different parts of the country where the Group and its subsidiaries are located.
Historic milestones of Hoa Phat
Establishing Hoa Phat Equipment & Accessories Co., Ltd – the first company that bore the brand of Hoa Phat
Establishing Hoa Phat Furniture JSC
Establishing Hoa Phat Steel Pipe Co., Ltd
Establishing Hoa Phat Hung Yen Steel Co., Ltd, Establishing Hoa Phat Refrigeration Engineering Co., Ltd. and Hoa Phat Urban Development and Construction JSC
Restructuring as a group with Hoa Phat Group Joint Stock Company being the Parent Company of its member entities
Establishing Hoa Phat Hai Duong Steel JSC to initiate the Hoa Phat Steel Integrated Complex in Kinh Mon District, Hai Duong Province
15 November 2007:
Listing HPG shares on the Vietnam Stock Market
An Thong Mineral Investment JSC became a member of the Hoa Phat Group
Finished Phase I of Hoa Phat Steel Integrated Complex
Structuring of operation model of the Parent Company by separating the steel production and trading segment
20th anniversary of Hoa Phat development,
Third Class Labour Order awarded by the President
Completed phase IIv of the Hoa Phat Steel Integrated Complex, raising the total capac- ity of Hoa Phat to 1.15 million tonnes per year
Hoa Phat officially launched Hoa Phat Feeds Production & Trading One Member Limited Liability Company, marking a new step in the Group’s development history by penetrating the agricultural sector
Establishing Hoa Phat Agriculture Development Joint Stock Company, which manages and coordinates the operations of all subsidiaries in the agriculture segment (including animal feed and breeding)
Completing the third stage of the Hoa Phat Steel Integrated Complex, raising the total capacity of Hoa Phat to 2 million tonnes per year
Establishing the Hoa Phat Steel Sheet Co., Ltd, starting the project of colour coated steel sheet, galvanized steel sheet and galvalum steel sheet with the capacity of 400,000 tonnes per year
Establishing Hoa Phat Dung Quat Steel Joint Stock Company, initiating Hoa Phat Dung Quat Steel Integrated Complex in Quang Ngai Province the capacity of 4 million tonnes per year and the total investment of VND52,000 billion, marking a turning point in Hoa Phat Group’s development
Hoa Phat Group
Head Office Address: Pho Noi A Industrial Zone, Giai Pham Commune, Yen My District, Hung Yen Province
Hanoi Office: 66 Nguyen Du Street, Nguyen Du Ward, Hai Ba Trung District, Hanoi Phone: 024 6284 8666 | Fax: 024 6283 3456