Hoa Phat contributed nearly VND 11,200 billion to the State budget

18/01/2023 15:13

In 2022, Hoa Phat Group paid nearly VND 11,200 billion to the state budget. Hoa Phat Dung Quat Steel, Hoa Phat Hai Duong Steel, and Hoa Phat Steel Pipe were the three companies that contributed the most among all the subsidiaries.

 

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A number of new and hard steel grades were successfully developed by Hoa Phat, and exports were made to 5 continents.

Hoa Phat Dung Quat Steel Company contributed nearly 7,000 billion VND to the state budget in total including import-export taxes and domestic taxes, making it the largest contributor to the state budget in the Group.

Hoa Phat Hai Duong Steel is the member company with the second largest budget payment in Hoa Phat Group with nearly VND 2,200 billion. In particular, the amount paid in Hai Duong province is VND 831 billion, ranking 2nd among enterprises with the largest budget payment to the province. In 2022, it is estimated to account for 7% of the region's total revenue, and 30% of industry, commerce, and non-state services in the province...

Several subsidiaries of the Group have substantial payments to the State budget, including Hoa Phat Steel Pipe Co.Ltd, Hoa Phat Home Appliances, An Thong Mineral Investment, Hoa Phat Hung Yen Steel Co.Ltd, Hoa Phat Urban Development and Construction JSC, Hoa Phat Steel Sheets Co.Ltd ….

Currently, Hoa Phat Group is operating and contributing to the budget in 28 provinces and cities across the country. Not only contributing more and more to the budget, creating jobs for local workers, Hoa Phat also actively implements corporate social responsibility focusing on 4 main groups: Health - Education - Transport and the Community through activities such as building schools, sponsoring congenital heart surgery for poor children, "Xuan yeu thuong", etc. In the year 2022, the Group has implemented the program "Chang duong noi yeu thuong" by Hoa Phat, which will support the costs of caring for children in difficult circumstances around the country with the assistance of the Group.

In the period from 2007, when Hoa Phat started listing on the stock market, until December 31, 2022, Hoa Phat has paid over VND 64,800 billion to the state budget.

The contribution of the Group to the State budget has steadily increased over the past 30 years due to steady and effective development. Hoa Phat was also continuously honored in the most prestigious rankings, such as Top 50 most effective listed companies, Top 30 largest tax payers in the country, Top 10 largest private enterprises in Vietnam.... In May 2022, Hoa Phat was placed in the Top 2,000 largest enterprises in the world by Forbes Global Review and Announcement.

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