The Steel Titan: Hoa Phat Ranks 16th in Vietnam’s Top 100 Most Valuable Brands

Brand Finance, a renowned brand valuation company, has released its report on the Top 100 Most Valuable Brands in Vietnam for 2024. According to the list, Hoa Phat, a leading steel manufacturer, ranks 16th with a brand value of $620 million. This achievement solidifies Hoa Phat’s position as one of the most valuable brands in the country.

Hoa Phat has established itself as a market leader in various sectors. The company holds the top market share in construction steel, steel pipes, and is among the top 5 manufacturers of coated steel in Vietnam. Additionally, their clean chicken eggs are ranked within the top 3 producers in the country and lead the market in the North. Hoa Phat’s products and brand presence extend beyond Vietnam’s borders, reaching 39 countries and territories across 5 continents.

The company has also taken significant steps to protect its brand globally. The Hoa Phat trademark is registered not only in Vietnam but also in 46 other countries and territories worldwide, including the US, Japan, South Korea, China, Australia, and Southeast Asian nations.

In terms of financial performance, Hoa Phat recorded impressive results in the first six months of the year, with a revenue of VND 71,029 billion and a net profit of VND 6,189 billion.

Established in 1992, the Hoa Phat Group operates across five main sectors: Steel, Steel Products, Agriculture, Real Estate, and Home Appliances. The group boasts a diverse ecosystem of high-quality products, including construction steel, hot-rolled steel coils, high-quality steel, prestressed steel, steel pipes, coated steel, containers, and a range of home appliances such as freezers, air conditioners, refrigerators, water purifiers, washing machines, dishwashers, induction cookers, and cooling machines.

The group contributes significantly to the state budget, operating in 26 provinces and cities nationwide. Committed to community development, Hoa Phat actively fulfills its corporate social responsibilities, focusing on four main areas: Healthcare, Education, Transportation, and Community. In the first half of 2024, the group contributed VND 7,400 billion to the state budget and initiated various charitable and social programs. These include building 300 charity houses in Tra Vinh, providing clean water access by donating over 300 water purifiers to schools and healthcare facilities nationwide, and constructing Binh Dong Elementary School in Binh Son district, Quang Ngai province. Hoa Phat also continues its annual programs such as “Heartbeat of Love,” providing heart surgery funding for underprivileged children, and “Godmother,” offering monthly financial support for orphans.

With a proud 32-year history, Hoa Phat consistently earns recognition in prestigious rankings. Some notable accolades include Vietnam’s Largest Private Enterprise, Top 50 Most Efficient Listed Companies, Top 3 Private Enterprises Contributing the Most to the State Budget, Strong Brand, and National Brand.

The brand valuation ranking by Brand Finance utilizes advanced methodologies and independent assessments from financial experts, solidifying its reputation as a trusted source for brand value evaluations.