Vietnam’s leading steelmaker Hoa Phat has recorded revenue of VND 142 trillion, a decline of 5% relative to 2021. During the entire year, profit after tax reached more than VND 8.4 trillion, up 24% over the previous year. Hoa Phat supplied the market with 7.2 million tonnes of steel, down 7% compared to 2021, including billet, construction steel, and hot rolled coil. The main contributors to sales volume are construction steel and HRC. Construction steel output reached 4.2 million tonnes, up 10% over the same period and contributing 59% to total steel production of all kinds. Exports contributed nearly 1.2 million tonnes. With nearly 35% market share, the domestic market continued to be consolidated in the lead position HRC products reached more than 2.6 million tonnes, a slight increase over the same period. The steel pipe products manufactured by Hoa Phat also witnessed a significant increase in output in 2022 by about 11% in comparison to 2021. Hoa Phat steel pipe has the largest market share in the country with 28.5%. In addition to the traditional steel product lines, Hoa Phat Group promotes research and development of high-quality steel lines, especially difficult technical steel lines such as steel grades for bead wire manufacturing, screws, and debar in coil. The container factory project is in the process of being completed and is expected to officially launch in the first quarter of 2023. There are notable achievements in other segments, such as home appliances, agriculture, and real estate. A home appliance factory in Ha Nam has been officially inaugurated by Hoa Phat, which launched products such as air coolers and water purifiers. In the agricultural segment, the Group is a leader in the supply of clean chicken eggs in Northern Vietnam. Hoa Phat's industrial zone real estate continues to attract investors to lease land and expand factories.
Vietnam’s leading steelmaker Hoa Phat has recorded revenue of VND 142 trillion, a decline of 5% relative to 2021. During the entire year, profit after tax reached more than VND 8.4 trillion, up 24% over the previous year. Hoa Phat supplied the market with 7.2 million tonnes of steel, down 7% compared to 2021, including billet, construction steel, and hot rolled coil. The main contributors to sales volume are construction steel and HRC. Construction steel output reached 4.2 million tonnes, up 10% over the same period and contributing 59% to total steel production of all kinds. Exports contributed nearly 1.2 million tonnes. With nearly 35% market share, the domestic market continued to be consolidated in the lead position HRC products reached more than 2.6 million tonnes, a slight increase over the same period. The steel pipe products manufactured by Hoa Phat also witnessed a significant increase in output in 2022 by about 11% in comparison to 2021. Hoa Phat steel pipe has the largest market share in the country with 28.5%. In addition to the traditional steel product lines, Hoa Phat Group promotes research and development of high-quality steel lines, especially difficult technical steel lines such as steel grades for bead wire manufacturing, screws, and debar in coil. The container factory project is in the process of being completed and is expected to officially launch in the first quarter of 2023. There are notable achievements in other segments, such as home appliances, agriculture, and real estate. A home appliance factory in Ha Nam has been officially inaugurated by Hoa Phat, which launched products such as air coolers and water purifiers. In the agricultural segment, the Group is a leader in the supply of clean chicken eggs in Northern Vietnam. Hoa Phat's industrial zone real estate continues to attract investors to lease land and expand factories.
