Hoa Phat Group honoured in the Top 50 most effective enterprises for 8 consecutive years

Nhip cau Dau tu magazine in co-operation with Thien Viet Securities Company on June 27^th 2019 in HCM City announced and honoured Top 50 most effective enterprises in Viet Nam. Accordingly, Hoa Phat Group was listed in the ranking for 8 consecutive years.

Mr Nguyen Van Tuan, director of Hoa Phat Steel Pipe Binh Duong on behalf of Hoa Phat Group received the award from deputy minister of Industry and Trade Mr Do Thang Hai

The organiser said the top 10 most effective companies this year still belonged to big groups such as Vingroup, Hoa Phat Group, Hoa Binh Group… The companies have made achievements in important criteria such as revenue, profit. Hoa Phat Group and many big names were also honoured in the 17 businesses with the market capitalization value of over US$1 billion.

Data from Thien Viet Securities Company showed that the average growth rate of Hoa Phat Group in 2016-18 period was extremely high. Specifically, its average revenue reached 26.7 per cent, return on equity (ROE) 29.9 per cent of profitability for investors 181.7 per cent.

Hoa Phat Group took the sixth position in the Top 50 most effective companies in Viet Nam

Especially, the organiser also honoured six businesses which have been in the Top 50 for 8 consecutive years including Hoa Phat Group. Hoa Phat has maintained the position in the Top 50 for 8 consecutive years has not only affirmed its right strategies but also ability in implement the strategies as well as surpassing all difficulties in the most changeable period of the economy.

Speaking at the ceremony, deputy minister of Industry and Trade Do Thang Hai said the event to honour top 50 most effective companies has special meaning as the Government has encouraged development of private economic sector and building a strong business community in Viet Nam. This would be an encouragement for development of businesses in their production and trading. Hai said the top 50 this year has many leading enterprises which are taking the lead in different economic sectors in the country.

Nghi Tran