AsemconnectVietnam - In 2024, Hoa Phat Group contributed more than VND13,400 billion to the state budget, the highest since operating under the Group model and listing on the Ho Chi Minh City Stock Exchange (HOSE).

Hoa Phat's budget contribution in 2024 increased by 48% over the same period last year (more than VND9,000 billion). In particular, the member companies with the highest budget contributions are Hoa Phat Dung Quat Steel, Hoa Phat Hai Duong Steel, Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Urban Construction & Development, Hoa Phat Hung Yen Steel.
The total amount of taxes and fees of Hoa Phat Dung Quat Steel Company paid to the state budget, including: import VAT, import-export tax, domestic tax... reached more than VND9,600 billion and is the member company of Hoa Phat Group with the highest contribution.
Hoa Phat Hai Duong Steel is the company with the second highest budget contribution in Hoa Phat Group with over VND1,370 billion. Some other member companies of the Group have large contributions to the state budget such as: Hoa Phat Steel Pipe, Hoa Phat Refrigeration, Hoa Phat Urban Construction and Development, Hoa Phat Hung Yen Steel...
Hoa Phat is the leading industrial production group in Vietnam, established in 1992. The Group operates in 5 fields: Iron and steel - Steel products - Agriculture - Real estate - Household appliances, owning a diverse ecosystem of high-quality products. Hoa Phat is operating and contributing to the state budget in 26 provinces and cities across the country, creating jobs for nearly 33,000 workers.
Over the past 33 years, with steady and effective development, the Group's contribution to the state budget has been increasing. From 2007, the time when Hoa Phat began listing on the stock market to December 31, 2024, Hoa Phat has paid nearly VND88,000 billion to the state budget.
N.Nga
Source: VITIC/Tinnhanhchungkhoan