HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY

HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THÉP HOÀ PHÁT HẢI DƯƠNG) is a major steel manufacturer in Vietnam, playing a crucial role in the country's industrial and construction sectors. Established on August 17, 2007, the company is registered under the Hai Duong Province Department of Planning and Investment with Business ID 0800384651. As a privately held joint stock company, it operates under the ownership of Hoa Phat Iron and Steel Joint Stock Company, which holds 100% of its shares. With a workforce of 5,500 employees, the company has built a strong reputation for its high-quality steel production and supply chain efficiency.

The company’s headquarters is located in Hiep Thuong Residential Area, Hiep Son Ward, Kinh Mon Town, Hai Duong Province, with a representative office in Hanoi. Under the leadership of Director Do Thi Thao and Deputy Directors Do Duc Don and Nguyen Duc Duyen, HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY continues to drive innovation and sustainability in steel manufacturing. The company specializes in producing cast iron, steel billets, and construction steel, while also engaging in various mining activities, including iron ore extraction and quarrying of stone, sand, and gravel.

Financially, HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY has faced fluctuations in recent years. As of the fiscal year ending December 31, 2023, the company reported total assets of USD 717.81 million, reflecting a 4.89% decrease from the previous year. Sales revenue reached USD 1.19 billion, marking a 9.35% decline. Despite these drops, the company showed resilience by increasing its profit by 46.62% to USD 98.34 million. Owner’s equity also saw slight growth, rising to USD 294.15 million, a 2.08% year-on-year increase.

The company’s core business involves manufacturing and distributing construction materials, with a strong focus on iron and steel production. It also engages in wholesale trade of solid, liquid, and gaseous fuels, as well as the machining, treatment, and coating of metals. These diversified operations help HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY maintain a competitive edge in Vietnam’s industrial sector.

Vanguard Business Information LLC (VBI), a trusted provider of business intelligence, recognizes HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY as a key player in Vietnam’s steel industry. While facing challenges related to asset and revenue decline, the company has demonstrated financial resilience through improved profitability. Investors and industry analysts monitoring Vietnam’s steel market should closely monitor HOA PHAT HAI DUONG STEEL JOINT STOCK COMPANY’s strategic growth and adaptation to market demands, as it remains a critical supplier in the country’s infrastructure and construction projects.