Trần Đình Long sends message to 300,000 Hoa Phát shareholders

Hoa Phat (ticker HPG) has released its 2026 annual report, opening with a message from Chairman Tran Dinh Long. He said the company remains committed to a development strategy built on large-scale, modern production and leading new technology.

2025 operating context and management priorities

In 2025, the global economy continued to face uncertainties amid geopolitical conflicts, rising protectionism, and supply-chain restructuring. Vietnam, however, maintained positive growth momentum, supported by flexible government policy management, including accelerating infrastructure investment and key national projects.

Mr. Tran Dinh Long said that under all circumstances, Hoa Phat prioritizes sound cash-flow management, inventory control, and flexible adaptation to market conditions to monitor the progress and efficiency of investment in major projects.

Key project milestones

Last year, the Dung Quat 2 iron and steel complex project was completed and put into operation in September 2025.

In December 2025, Hoa Phat officially broke ground on the “Made in Vietnam” high-speed rail rail plant, described as the first such facility in Southeast Asia. The plant has a capacity of 700,000 tonnes per year and is expected to deliver products in 2027. When operational, the project is intended to help secure materials for high-speed rail projects and support the development of a Vietnamese-led rail industry.

Financial and production results

In 2025, Hoa Phat reported revenue of VND 158,332 billion and after-tax profit of VND 15,515 billion. The company said these figures represented 93% and 103% of its targets, respectively, and were up 13% and 29% versus 2024.

Steel production, the group’s core business, accounted for 93% of total revenue.

On output and sales, Hoa Phat said total steel sales volume surpassed 10 million tonnes for the first time, up 25% year over year. Hot-rolled coil (HRC) grew by over 70%.

Market position

Hoa Phat reported maintaining the No. 1 position in Vietnam by market share in steel construction and steel pipes, at 37.6% and 31.2%, respectively.

Capacity expansion and industry ranking

Ongoing investment in large-scale projects—especially in steel—has positioned Hoa Phat as Southeast Asia’s largest crude steel producer. By the end of 2026, the company said it ranks among the world’s top 30 steel companies, with capacity of 16 million tonnes per year.

Outlook for 2026–2030 and planned investments

From 2026 to 2030, Vietnam aims for double-digit growth and plans to implement major public investment projects and breakthroughs across urban infrastructure, transportation, energy, and rail—creating opportunities for businesses to accelerate growth.

For 2026, the Board of Directors plans to continue accelerating investment in high-quality steel production, with a focus on bringing the rail steel plant and specialty steel into operation on schedule to serve key rail projects.

Hoa Phat also said it will study investments in infrastructure, urban development, and affordable housing, with liquidity and pricing aligned with income levels of the majority of people in major cities.

HPG on the stock market

On the stock market, Hoa Phat’s HPG shares are included among VN30 blue chips and continue to attract strong investor interest. The company said it has 300,000 shareholders, the largest in the market, and is nicknamed the “nation’s stock” by domestic and foreign investors.

As stated in the report, the share price is VND 28,050 per share, giving a market capitalization of over VND 215 trillion.