Hoa Phat is the largest private enterprise in Vietnam

15/11/2022 16:39

On 15/11/2022, Vietnam Report JSC (Vietnam Report) in collaboration with Vietnamnet online newspaper announced the VNR500 Ranking - Top 500 largest enterprises in Vietnam 2022. Hoa Phat Group was ranked No. 1 in the Top 10 largest private enterprises in Vietnam and ranked 5th in the Top 10 largest enterprises in Vietnam in 2022. 



Hoa Phat Group was ranked  the 1st rank in the Top 10 Largest Private Enterprises in Vietnam

This year is the 16th time that the list has been published to honor Vietnam's largest enterprises with outstanding achievements in manufacturing and operations. The primary criterion for ranking companies is their revenue according to the Fortune 500 model (US). In addition, VNR500 also considers factors such as total assets, the total number of employees, growth rate, profits, and company reputation in the media to assess the current status of the company's overall strength.

With that being said, Hoa Phat Group has been honored for 15 consecutive years. Hoa Phat was first named in the VNR500 Ranking in 2008 with the 9th position in the Top 10 largest private enterprises and 44th among the 500 largest enterprises in Vietnam.

In 2022, Hoa Phat Group raised to lead the Top 10 Largest Private Enterprises in Vietnam, which was 3 ranks higher than the 4th position in 2021. In addition, Hoa Phat reached the 5th position in the Top 10 Largest enterprises in Vietnam, which is an impressive 8-rank jump up compared to last year.



Hoa Phat ranked 5th in the Top 10 largest enterprises in Vietnam in 2022

Accumulated in the first 9 months of 2022, Hoa Phat reached VND 116,559 billion in revenue and VND 10,443 billion in profit after tax. The total assets of the Group at the end of the third quarter of 2022 reached VND 183,805 billion. Hoa Phat has not only held the No.1 market share in Vietnam in the fields of construction steel, steel pipes, and Top 5 steel sheet enterprises but also the leading national market share in supplying Australian beef as well as in clean egg output in the North of Vietnam.

For many consecutive years, Hoa Phat has been selected as National Brand, the Top Strongest Brand in Vietnam; Vietnam Gold Star, the Top 50 most effective business companies in Vietnam; the Top 30 largest corporate income taxpayers in Vietnam, the Top 20 business brands valued at over $100 million by Forbes Vietnam magazine, Top 10 famous Vietnamese brands, etc


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