Hoa Phat named among Vietnam’s Top 50 Listed Companies for the 13th consecutive year

Forbes Vietnam has just announced its list of the Top 50 Best Listed Companies in Vietnam 2025, based on audited financial reports from 2024. Hoa Phat Group recorded the second-highest revenue among the Top 50 and marks its 13th consecutive year being honored in this prestigious ranking.

In 2024, Hoa Phat achieved revenue of VND 140.56 trillion, a 17% increase compared to the previous year. Profit after tax reached VND 12.02 trillion, up 77% year-over-year and exceeding the annual target by 20%. The steel segment (including Iron & Steel and Steel Products) continued to play a leading role, confirming its position as the Group’s core business. This segment contributed 93% of total revenue and 86% of profit after tax. The agriculture segment also saw notable growth, with profit increasing 4.6 times compared to 2023.

In 2024, Hoa Phat contributed more than VND 13.4 trillion to the State budget and was included in numerous prestigious rankings, such as National Brand (recognized for 7 consecutive times), Top 3 private enterprises with the highest tax contributions, and Top 50 Most Effective Business Enterprises.

In Q1 2025, Hoa Phat reported revenue of over VND 37.9 trillion and profit after tax exceeding VND 3.3 trillion, up 22% and 16% respectively compared to Q1 2024.

Recently, Fortune published its 2025 Southeast Asia 500 list based on 2024 revenue figures. This is the second consecutive year Hoa Phat appeared in the ranking, and the Group climbed 14 spots, from 76th in 2024 to 62nd in 2025, placing it among the Top 100 largest companies in Southeast Asia.

Hoa Phat Group is the largest steel producer in Vietnam and Southeast Asia. By the end of 2025, the Group’s designed steel production capacity is expected to reach 15 million tons/year, focusing primarily on hot-rolled coil (HRC) and high-quality steel for mechanical and manufacturing industries. Hoa Phat maintains its No.1 market share in Vietnam and exports various steel products to over 40 countries and territories.

To compile the Top 50 Listed Companies in Vietnam 2025, Forbes Vietnam evaluated companies listed on the HOSE and HNX through several rounds using criteria such as: profitability in 2024, a minimum revenue and market capitalization of VND 500 billion, compound annual growth rates in revenue and profit, ROE, ROC, etc. In addition to financial metrics, qualitative assessments were also made on business sustainability, including market position, profit sources, corporate governance quality, and industry outlook. All calculations were based on audited consolidated financial statements for 2024.

 HPG News