HOA PHAT GROUP JOINT STOCK COMPANY

Hoa Phat Group is Vietnam’s largest steel manufacturer, dominating the domestic market with total assets of USD 7.71 billion and sales of USD 4.89 billion in 2023. Despite a 15.88% decline in revenue and a 19.47% drop in profit, the company remains a major force in the steel, real estate, and agricultural sectors. With 28,900 employees and operations across Vietnam, Hoa Phat’s influence extends beyond steel production into infrastructure and industrial development.

As a publicly traded company on the Ho Chi Minh Stock Exchange (HOSE) under the symbol HPG, Hoa Phat must maintain financial transparency and strong risk management practices. Vanguard Business Information LLC offers Risk Management, Company Credit Reports, and Business Verification Services to help investors and partners assess Hoa Phat’s financial stability before making business decisions.

Leadership and Shareholders

The company is led by Chairman Trần Đình Long, one of Vietnam’s wealthiest businessmen, who owns 25.8% of the company’s shares. Supporting him is General Director Nguyễn Việt Thắng and Deputy General Director Nguyễn Thị Thảo Nguyên, who oversee the group's expansion and strategic initiatives. The remaining ownership is divided among major shareholders, including Vũ Thị Hiền (6.88%) and other investors holding 57.41% of the company’s shares.

Given its complex ownership structure and financial fluctuations, businesses engaging with Hoa Phat must conduct thorough due diligence. Vanguard Business Information LLC’s Business Verification Services provide critical insights into Hoa Phat’s corporate governance, creditworthiness, and market position, ensuring secure and informed transactions.

Financial Growth & Market Risks

Hoa Phat’s equity grew by 7% in 2023, reaching USD 4.22 billion, but its profit dropped to USD 279.38 million, significantly lower than previous years. The company’s reliance on global steel demand and raw material importsmakes it vulnerable to market volatility. Vanguard Business Information LLC’s Risk Management solutions can help businesses assess Hoa Phat’s financial trends, debt obligations, and investment risks, reducing uncertainty in potential partnerships.

With a strong industrial presence and ongoing expansion, Hoa Phat remains a key player in Vietnam’s economic landscape. However, for investors and suppliers, ensuring financial stability and credit reliability is crucial—making Vanguard Business Information LLC’s services essential for secure and transparent business operations.