Hoa Phat Group JSC 2024 AR2
The report highlights Hoa Phat Group's strong recovery in 2024, achieving revenue of over VND 140 trillion and a net profit of over VND 12 trillion, representing increases of 17% and 77% respectively compared to 2023. The steel sector remained the core business, contributing 93% of total revenue, while the agriculture sector saw significant profit growth. Key achievements included completing a group-wide greenhouse gas inventory in compliance with ISO 14064-1:2018 and making progress on the Hoa Phat Dung Quat 2 Steel Integrated Complex, scheduled for trial operations in early 2025. Additionally, the company contributed a record VND 13.5 trillion to the national budget and allocated over VND 100 billion to social welfare initiatives.
Company: Hoa Phat Group JSC
Sector: Materials
Country: Vietnam
Year: 2024
Type: AR2
Pages: 156
Hoa Phat Group JSC
Annual Report
The report highlights Hoa Phat Group's strong recovery in 2024, achieving revenue of over VND 140 trillion and a net profit of over VND 12 trillion, representing increases of 17% and 77% respectively compared to 2023. The steel sector remained the core business, contributing 93% of total revenue, while the agriculture sector saw significant profit growth. Key achievements included completing a group-wide greenhouse gas inventory in compliance with ISO 14064-1:2018 and making progress on the Hoa Phat Dung Quat 2 Steel Integrated Complex, scheduled for trial operations in early 2025. Additionally, the company contributed a record VND 13.5 trillion to the national budget and allocated over VND 100 billion to social welfare initiatives.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 24, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees