Hoa Phat summarizes first half of 2026 operations, drives AI application

On the afternoon of August 10, 2026, Hoa Phat Group held a review meeting for the first 6 months of the year and deployed the execution plan for the second half, alongside other key matters. Board Chairman Tran Dinh Long chaired the session, attended by CEO Nguyen Viet Thang, the Board of Management, and directors of member companies across the Group.

Board Chairman Tran Dinh Long and CEO Nguyen Viet Thang present personnel appointment decisions to Ms. Vu Thi Hong and Ms. Duong Vu Hoang Anh

On this occasion, the Group announced the appointment of Ms. Vu Thi Hong - Accounting Manager at Hoa Phat Urban Development and Construction JSC - as Deputy Director of Thang Long Infrastructure Construction & Erection JSC, effective May 2026. Additionally, Ms. Duong Vu Hoang Anh - Raw Materials Manager at Hoa Phat Dung Quat Steel JSC - was appointed by Group leadership as Deputy Director of the company, effective July 2026. Both are home-grown personnel at Hoa Phat with decades of service.

"Hoa Phat considers people as the most precious asset, placing people and brothers' jobs above all else. We must try to preserve the traditional culture of this Group like protecting our own eyes" - Chairman Tran Dinh Long shared

Board Chairman Tran Dinh Long assigned tasks to the newly appointed executives while emphasizing that all members of the Group and subsidiary leadership must leverage the experience of previous generations. "Hoa Phat considers people as the most precious asset, placing people and brothers' jobs above all else. We must try to preserve the traditional culture of this Group like protecting our own eyes," Chairman Long stated.

CEO Nguyen Viet Thang reviews results achieved in the first 6 months, major ongoing Group projects, and priority tasks for late 2026

Next, CEO Nguyen Viet Thang reviewed the achievements of the first six months, major ongoing projects, and priority tasks for the end of 2026.

Regarding first-half results, the Group achieved 70% of its profit plan. Average labor productivity based on revenue increased compared to the same period last year, led by Hoa Phat Dung Quat Steel, Hoa Phat Hai Duong Steel, Sea Transport, and An Thong.

Hoa Phat is executing several major projects, such as the Hoa Phat Dung Quat Railway Steel Rail and Special Steel Factory (Quang Ngai).

By mid-August 2026, the project reached 60% completion and is expected to run test trials to output its first product in the first quarter of 2027. Also in the steel sector, the Group is investing in the Long An Steel Rolling and Refining Factory (Tay Ninh) with a capacity of 700,000 tons per year to establish a new "steel stronghold" supplying the Southern market.

In real estate, Hoa Phat plans to launch the Mandarin Garden 3 project in Yen So - Hanoi starting in the fourth quarter of this year. Furthermore, the Group is contributing capital to join a developer consortium for the Red River Landscape Boulevard project, the Thu Lam - Dong Anh multi-purpose urban area (Hanoi), and the multi-purpose urban and resettlement project in Linh Nam ward (Hanoi).

For the second-half plan, the CEO noted that domestic and international markets present mixed opportunities and challenges. Subsidiary leadership must closely monitor market developments, react quickly to fluctuations, and maximize output from factories and complexes.

In the coming time, the Group prioritizes implementing management projects and applying AI in business operations and daily tasks for every employee

In particular, the Group is prioritizing projects on management and AI implementation in production, business, and daily tasks for all employees. The ultimate goal is to boost operational efficiency, increase productivity, and optimize resources.

Chairman Tran Dinh Long directed: "The goal ahead is to maximize AI application to improve production and business efficiency. Anything new comes with difficulties and obstacles, but I demand that we succeed in applying it. Company leadership must lead by example. As I've said, Hoa Phat's tradition is to overcome any difficulty and press forward through any obstacle."

On this topic, member company directors spent significant time discussing the necessity of AI adoption, effective usage, data risk control, and more. According to Mr. Mai Van Ha - Director of Hoa Phat Dung Quat Steel JSC - the company currently utilizes many tools and software to support production and business data management, including AI and strong digital transformation. The company is deploying 13 AI Agents across most work operations, currently testing and refining them.

Ms. Pham Thi Hong Van, representing Hoa Phat Agriculture Holding Corporation, shared that AI Agents offer great support and even replace humans in handling daily repetitive tasks, though AI must be trained to meet each individual's specific requirements.

Representatives from the AI Project Board, IT Department, and Digital Transformation introduced a systematic AI adoption plan, starting at the Group Office before expanding across all member companies. The project aims to contribute to a 30% productivity increase per task while ensuring information security and data governance.