Hoa Phat ranked in the Top 100 largest companies in Southeast Asia

The scale of Hoa Phat Group is growing, especially since the Hoa Phat Dung Quat Iron and Steel Production Complex was put into operation.

The rankings are ordered by revenue in fiscal year 2024. Seven countries that made the Southeast Asia 500 last year – Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines and Cambodia – are back in 2025, continuing to make their mark on the regional economy .

According to the 2025 rankings, Vietnam has 76 enterprises on the Fortune 500 list, including industries from finance, banking, real estate, energy, food, heavy industry, to aviation, retail... The number of Vietnamese enterprises in the rankings also increased from 70 to 76.

According to Fortune's calculation formula, Hoa Phat's revenue in 2024 will reach 5.54 billion USD, after-tax profit will be 479 million USD, and total assets will reach 8.80 billion USD as of December 31, 2024.

In 2024, Hoa Phat will achieve VND 140,560 billion in revenue, up 17% over the same period last year. Profit after tax will reach VND 12,020 billion, up 77% over 2023 and exceeding the annual plan by 20%. The steel sector (including iron and steel and steel products) continues to play a leading role and affirms itself as the core business of the Group. Revenue and profit after tax of this sector account for 93% and 86% of the entire Group, respectively. Profit in the agricultural sector will grow 4.6 times compared to 2023.

In 2024, Hoa Phat paid more than 13,400 billion VND to the State budget, appearing in prestigious rankings, typically: 7 consecutive times honored as National Brand, Top 3 Private Enterprises with the largest budget contributions in the country, Top 50 Most Effective Business Enterprises,

In the first quarter of 2025, Hoa Phat achieved more than VND 37,900 billion in revenue and VND 3,300 billion in profit after tax, up 22% and 16% respectively over the same period in 2024.

Hoa Phat Group is the largest steel producer in Vietnam and Southeast Asia. From the end of 2025, the Group's steel design capacity will reach 15 million tons/year, focusing mainly on hot-rolled steel and high-quality steel for the mechanical engineering industry. Hoa Phat holds the No. 1 market share in the domestic market and has exported many different types of steel to 40 countries and territories.

List of Top 500 largest enterprises in Southeast Asia see here