HOA PHAT ENERGY JOINT STOCK COMPANY (Business ID: 0800385380) is an important subsidiary within the Hoa Phat ecosystem, marking the group’s strategic expansion beyond steel into the energy sector. Registered as a joint stock company since August 30, 2007, and headquartered in Kinh Mon Town, Hai Duong Province, the company is a vital piece of Hoa Phat’s vision to diversify and support Vietnam’s industrial development. Its majority shareholder, holding 99.89% of shares, is HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY, itself a powerhouse within the Hoa Phat Group led by Mr. Tran Dinh Long — one of Vietnam's first and most prominent billionaires.

On the positive side, according to the latest Company Report compiled by Vanguard Business Information LLC (VBI), HOA PHAT ENERGY maintains a solid operational base. In 2023, despite a difficult market environment, the company achieved total sales of USD 350.68 million and a net profit of USD 26.76 million. With around 500 employees, the company contributes significantly to Vietnam's industrial supply chains by manufacturing coke and producing electricity—essential inputs for heavy industries like steelmaking. Its economic role is clear: by building domestic energy and material capacity, HOA PHAT ENERGY helps reduce Vietnam’s dependency on imports, supporting national growth and industrialization.

However, the company is currently facing serious financial pressures. Total assets declined sharply by 32.39% in 2023, owner’s equity dropped by 31.14%, and working capital turned negative at USD -4 million. Sales fell by nearly 34%year-over-year, while profit also declined by over 20% compared to 2022. These downturns suggest that while the company is still profitable, it is being challenged by market volatility, possibly rising raw material costs, and the global slowdown affecting heavy industry demand. Such financial weakening, especially in asset shrinkage and working capital deficit, is a notable concern that would trigger careful attention in any Risk Management review.

Leadership is currently under Ms. Do Thi Thao, serving as Director. While the operational team continues to manage the business effectively under difficult conditions, the company’s future stability will depend heavily on broader macroeconomic factors and Hoa Phat Group's long-term energy strategies. Access to verified Financial Data and thorough Business Verification Services from providers like Vanguard Business Information LLC (VBI) remains crucial for anyone looking to partner with or invest in companies like HOA PHAT ENERGY.

Overall, HOA PHAT ENERGY JOINT STOCK COMPANY represents both the ambition and the risks of Vietnam’s industrial giants diversifying into new sectors. It has contributed positively to the economy but must now navigate a far tougher and more competitive energy landscape.