285 million HPA shares officially debut on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) on February 6 held a listing ceremony for Hoa Phat Agricultural Development Joint Stock Company (HPA), officially bringing 285 million HPA shares into trading on the southern bourse. The shares began their first trading day with a reference price of VND41,900 each.

Nguyen Viet Thang, Chairman of the Board of Directors of Hoa Phat Agricultural Development Joint Stock Company (HPA), receives the listing decision for HPA shares

At the ceremony, HPA representatives received the listing decision and rang the opening bell to mark the company’s market debut.

Nguyen Viet Thang, Chairman of the Board of Directors of HPA, performs the opening bell ceremony to mark the official debut of HPA shares, together with officials of Hoa Phat Group, HPA and the Ho Chi Minh City Stock Exchange (HOSE)

The event was attended by Nguyen Thi Viet Ha, General Director of HOSE; Tran Anh Dao, Head of the Supervisory Board; Nguyen Nam Anh, Director of the Listing Management Department; along with other exchange officials.

Representing Hoa Phat Group were Tran Dinh Long, Chairman of the Board; Nguyen Viet Thang, General Director of Hoa Phat Group and Chairman of HPA; Tran Thi Thu Hien, Deputy General Director of the group; Pham Thi Hong Van, General Director of HPA; members of the company’s executive board; and representatives from Vietcap Securities, the Vietnam Securities Depository, shareholders and investors.

Tran Dinh Long, Chairman of the Board of Directors of Hoa Phat Group, delivers a speech at the ceremony

Speaking at the ceremony, Tran Dinh Long said the listing marked an important milestone for both HPA and the group.

“After 19 years, Hoa Phat returns to this very place to list its second subsidiary. Today not only marks HPA’s debut on the exchange but also the 10-year anniversary of our entry into agriculture,” he said.

“Agriculture is a challenging sector, but with determination and the dedication of more than 2,000 employees, Hoa Phat has built a leading position in Vietnam’s high-tech agricultural industry.”

Long added that the listing would enhance the company’s transparency, credibility and financial autonomy, while improving access to secondary capital markets. Funds raised will strengthen its financial capacity, restructure capital sources, supplement working capital and support business expansion.

In January 2026, HPA completed a public offering of 30 million shares, raising VND1.257 trillion. Its charter capital increased from VND2.55 trillion to VND2.85 trillion. On January 29, HOSE approved the listing of all 285 million shares. Proceeds will be used for capital restructuring, working capital and expansion investments.

HPA reported strong business results in 2025, with revenue reaching VND8.326 trillion, up 18 per cent year-on-year and exceeding its annual target by 4 per cent. After-tax profit surged 55 per cent to VND1.6 trillion, beating the plan by 22 per cent.

Pig farming remained the company’s largest business segment, contributing around 44 per cent of total revenue. Commercial hog output exceeded 380,000 heads, up 5.9 per cent from 2024, while breeding pigs reached nearly 280,000 heads, rising 39.5 per cent.

HPA’s sow productivity averaged 33–34 weaned piglets per sow per year - about 1.5 times the national average - thanks to the use of DanBred genetics from Denmark and a strictly controlled, biosecure closed farming system.

The animal feed segment also achieved record output of 357,000 tonnes, up 5.5 per cent year-on-year and the highest level in the company’s 10-year history. Of this, more than 177,000 tonnes were sold to the market, up 7.3 per cent, while 180,000 tonnes were supplied internally to Hoa Phat’s farms.

HPA’s competitive edge lies in its vertically integrated Feed–Farm model, which combines feed production and large-scale livestock farming to create a closed value chain.

The group currently holds the largest market share in imported Australian beef, leads the northern market for clean eggs, ranks among the top 10 companies by breeding sow herd size, and is among the top 13 animal feed producers nationwide.

By 2030, HPA targets revenue of over VND12 trillion and after-tax profit of around VND1.75 trillion, with return on equity maintained above 25 per cent.

Over the next five years, the company plans to invest more than VND1.5 trillion to build three additional pig farms and a third feed mill in northern Vietnam, raising total capacity to one million tonnes of feed and 900,000 commercial hogs annually.

As a listed company, HPA has pledged to ensure full transparency through timely and comprehensive financial disclosures and strict compliance with regulations. For the 2026–2030 period, the company does not plan to issue additional shares to avoid diluting existing shareholders.