Established in 1995, Hoa Phat belongs to the first group of private companies established after the Vietnam Enterprise Law was promulgated. Currently, the group has a production system with dozens of factories and a network of product distribution agents throughout Vietnam. As of 2022, Hoa Phat Group has more than 30,000 employees, the scale of operations is spread across the country, and has a representative office in Singapore and Australia.[1]
1992: Established Hoa Phat Equipment & Parts Co., Ltd. – The first company bearing the brand name Hoa Phat.
1995: Established Hoa Phat Furniture Joint Stock Company
1996: Established Hoa Phat Steel Pipe Co., Ltd
2000: Established Hoa Phat Steel Joint Stock Company, now Hoa Phat Hung Yen Steel Co., Ltd
Jul 2001: Established Hoa Phat Refrigeration Co., Ltd
September – 2001: Established Hoa Phat Urban Development and Construction Joint Stock Company
2004: Established Hoa Phat Trading Co., Ltd
January – 2007: Restructured according to the group model, with the parent company being Hoa Phat Group Joint Stock Company and its member companies.
August 2007: Established Hoa Phat Hai Duong Steel Joint Stock Company, deployed the Iron and Steel Complex in Kinh Mon, Hai Duong
11/15/2007: Listing stocks with code HPG on Vietnam stock market
June 2009: An Thong Mineral Investment Joint Stock Company became a member company of Hoa Phat
December 2009: Hoa Phat Iron and Steel Complex completed investment phase 1
2011: Structure of the parent company’s operating model with the separation of the steel production and trading segments
2012: Hoa Phat celebrates 20 years of establishment and development, received the Third Class Labor Medal from the President
2013: Hoa Phat Iron and Steel Complex completed the second phase of investment, bringing Hoa Phat’s total steel capacity to 1.15 million tons/year.
2015: Launched Hoa Phat Animal Feed Production and Trading One Member Company Limited, now Hoa Phat Hung Yen Feed Company Limited, marking a new development in the Group’s history when investing in the field agriculture
Feb – 2016: Established Hoa Phat Agriculture Development Joint Stock Company
February 2016: Completion of Phase 3 investment – Hoa Phat Iron and Steel Complex, increasing Hoa Phat construction steel capacity to 2 million tons/year
April 2016: Established Hoa Phat Steel Co., Ltd., started to implement the project of color coated steel sheet, galvanized steel sheet, cold galvanized steel of all kinds with a capacity of 400,000 tons/year
February 2017: Established Hoa Phat Dung Quat Steel Joint Stock Company, deployed Hoa Phat Dung Quat Iron and Steel Complex in Quang Ngai province, with a scale of 4 million tons/year with a total investment of VND 52,000 billion, marking a step new development turning point of Hoa Phat Group
September – 2019: Hoa Phat Equipment & Parts Co., Ltd officially changed the company’s name to Hoa Phat Metal Fabrication Co., Ltd.
11 – 2020: Hoa Phat Group begins to supply commercial hot-rolled coil products to the market. Products to help optimize Hoa Phat steel ecosystem
December – 2020: Hoa Phat Group restructures its operating model with the establishment of Corporations in charge of each field of operation of the Group. Accordingly, 4 corporations under the group were established, including: Iron and Steel Corporation, Steel Products Corporation, Real Estate Corporation, Agriculture Corporation.
2021: The Group decided to establish more Hoa Phat Household Appliances Corporation with the following fields of activity: Investment, production, and sales of electrical and household appliances.
