Prime Minister Nguyen Xuan Phuc visited Hoa Phat refrigerator booth

The conference on development of key northern economic region was taken place on June 25^th 2019 in Hung Yen Province, chaired by Prime Minister Nguyen Xuan Phuc. The Prime Minister and attendants visited exhibition areas showcasing special products of the northern region and booths of businesses including Hoa Phat Group.

Prime Minister Nguyen Xuan Phuc visited a booth showcasing refrigeration products of Hoa Phat Group

At the Hoa Phat Refrigeration booth, Chairman of Hung Yen People's Committee Mr Nguyen Van Phong introduced to the Prime Minister that Hoa Phat Group is the largest enterprise in the province. For many years, Hoa Phat always has the largest budget contribution among private enterprises and contributes about 10-12 per cent of the province's total budget revenue.

The Prime Minister highly appreciated the freezer product of Hoa Phat Refrigeration Company Ltd because of its beautiful design, applying new technologies equally to imported products. The Prime Minister also suggested businesses need to promote and apply more advanced technologies into products.

In Hung Yen province, Hoa Phat Group has invested in producing many different products such as steel, steel pipes, furniture, refrigeration, animal feed, construction investment, industrial park infrastructure leasing of Pho Noi A and Yen My Industrial Park II. In the past years, Hoa Phat has a very stable growth rate, both in terms of revenue and profit as well as the contribution to the State budget, contributing positively to the cause of economic development and social security of the country in general and Hung Yen Province in particular.

In 2018, Hoa Phat Group contributed more than VND6.3 trillion to the State budget, in which Hung Yen Province is VND1.04 trillion. The average annual contribution of Hoa Phat to the province is over VND1 trillion, including VAT, import-export tax, corporate income tax, customs, etc. In recent years, Hoa Phat has been among businesses with the largest contribution to the province, accounting for about 40 per cent of revenues from non governmental enterprises.

The most tax payers are: Hoa Phat Steel Pipe Company Ltd’s branch in Hung Yen, Hoa Phat Hung Yen Steel Company Ltd, Hoa Phat Furniture Joint Stock Company, Hoa Phat Refrigeration Company Ltd. With great contributions to the locality, for many years, Hoa Phat Group was commended and rewarded by Hung Yen People's Committee and Hung Yen Department of Taxation for typical businesses in tax payment.

Hong Hanh - Son Dong