Hoa Phat Group honoured as leading brand in Viet Nam for 10 consecutive years

On October 13, 2021, the Vietnam Economic Magazine organized the ceremony to honor leading brands in Vietnam in 2020-2021 period and the business leader forum. Hoa Phat Group was honored as one of the Top 100 leading brands in Vietnam for 10 years in a row.

 Hoa Phat Group was honoured as one of the Top 100 leading brands in Vietnam for 10 years in a row

This is the 18th year Vietnam Economic Times released the ranking. With the theme "Overcoming challenges", the Vietnam Leading Brand Programme 2021 honours the efforts, resilience and perseverance of businesses and entrepreneurs to overcome the challenges of the COVID-19 pandemic as well as adapt and ensure employment policies, actively contribute to social and community responsibilities. 

Overcoming the difficulties of the COVID-19 pandemic, in the first 9 months of 2021, Hoa Phat Group achieved crude steel output of 6.1 million tonnes, up 50 per cent over the same period last year. Sales of steel products reached 6.3 million tonnes, representing 43 per cent year-on-year increase. In which, construction steel was 2.8 million tonnes, increasing 12 per cent from the same period last year. Hot rolled coil (HRC) reached nearly 2 million tonnes. Hoa Phat Steel Sheet Company Ltd recorded 273,000 tonnes, 2.6 times higher than the same period last year.

Also in the 9-month period, Hoa Phat Group contributed VND8.1 trillion to the State budget, 11 per cent higher than the total amount contribution in 2020. Hoa Phat Group has not only made increasing contribution to the State budget but also actively implement corporate social responsibility to the community. The total value of Hoa Phat Group's support for the prevention of COVID-19 has been about VND150 billion so far.

The organizer said the Top 100 leading brands in Vietnam in 2020-2021 period has been surveyed and chosen based on businesses’ registration as well as nominations from business associations, industries, and organizations, brand research experts and editorial board, readers of Vietnam Economic Times. These businesses have persistently built their brands over the years and become reputable suppliers of products and services in Vietnam.

For many years, Hoa Phat Group has also been selected as a National Brand (chaired by the Ministry of Industry and Trade) and honoured in prestigious rankings such as Forbes Vietnam's Top 50 Most Valuable Brands, Famous Brands, Vietnam Gold Star, Top 50 most effective business companies in Vietnam; Top 20 largest tax-payers in Vietnam etc.

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