Hòa Bình Paint and Coatings Joint Stock Company, formerly known as Hòa Bình Paint, was established in 1995 and officially incorporated as Hòa Bình Paint Limited Company in 2001. With almost 30 years of experience, the company has built a strong foundation with its well-known brands, including Hodastone stone paint, Mastic floor paint, and more recently, Hodapaint water-based paint.
In 2024, Hòa Bình Paint underwent a transformation to accelerate its growth trajectory for the future. The company’s development strategy is based on a “three-pillar” approach, encompassing integrated production, construction, and business activities since 2008. This strategy has now been expanded to include manufacturing, processing, construction, and business operations to deliver enhanced value to investors and customers.
As of October 28, 2024, the company transitioned from a limited liability company to a joint-stock company, with its charter capital increased from 7 billion VND to over 7.5 billion VND. Hòa Bình Construction Group Joint Stock Company (UPCoM: HBC) is the parent company, holding a 92.86% stake, while HBC’s Board members, Mr. Huỳnh Hữu Tốt and Mr. Lê Viết Hưng, own 5.48% and 1.66% respectively. Mr. Lê Viết Hiếu, representing HBC’s capital contribution, serves as the Chairman of Hòa Bình Paint’s Board of Directors.
The change in enterprise form facilitates the company’s ability to sign processing contracts with large domestic and international partners. The company has also renewed its name to reflect its expansion into the coating industry, building upon its existing strengths in the paint sector.
At the event, Mr. Nguyễn Quang Huy, General Director and Vice Chairman of Hòa Bình Paint’s Board of Directors, shared the company’s new strategic direction: “For nearly 30 years, we have continually explored and researched production techniques and product quality, applying our expertise in construction, business, and commerce. Our efforts are geared towards meeting the diverse needs of the market in the construction materials industry, particularly in the paint and coatings sector.”
 Mr. Nguyễn Quang Huy, General Director and Vice Chairman of the Board of Directors of Hòa Bình Paint and Coatings Joint Stock Company, shares the company’s business orientation for the coming period.
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Mr. Huy also stated that Hòa Bình Paint would not rush into M&A or becoming a public company. The company will consider going public only when the market accepts its most basic products and recognizes its indispensable presence. Hòa Bình Paint operates independently from its parent company, Hòa Bình Construction Group Joint Stock Company (UPCoM: HBC), and participates in bidding processes for HBC’s projects like any other contractor.
Hòa Bình Paint’s aspiration is to become a specialized processing unit in the Vietnamese paint industry, rather than striving to be a leading paint supplier. The company aims to cater to diverse paint brands as its customers.
As part of its new development strategy, the company has invested in a factory with an annual capacity of 8,000 tons since 2018, and it plans to increase this capacity to 25,000 tons in the next five years. Trademarks such as “stone-like paint” and “Hòa Bình stone paint” have been registered for brand protection. The company’s personnel are organized to provide turn-key construction, project management, technology transfer, and contractor training to cater to various projects nationwide.
At the event, Hòa Bình Paint also introduced the “Hòa Bình Colors of 2025” collection, belonging to the Hodapaint water-based paint product line. Ms. Nguyễn Thị Kim Hạnh, Director of the Hòa Bình Paint Factory, highlighted the distinctive feature of the Hodapaint water-based paint compared to other products in the market—its easy-to-clean nature, allowing for the removal of almost all types of household stains.
Ms. Nguyễn Thị Kim Hạnh, Director of Hòa Bình Paint and Coatings Joint Stock Company, introduces the features of the Hoda Mastic product line.
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