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Hoa Phat Group (HPG) will retain founder shareholder Tran Dinh Long as Chairman for the 2026–2031 term, with ownership of 25.80% as of March 18, 2026. Tran Tuan Duong was elected Vice Chairman, holding 2.31% of the company. Nguyen Viet Thang was appointed CEO for the 2026–2031 term, with ownership of 0.32% as of March 18, 2026.
Tran Dinh Long, a founder shareholder and Chairman of Hoa Phat Group, will continue in the role for 2026–2031. As of March 18, 2026, his stake stood at 25.80%.
Tran Tuan Duong was elected Vice Chairman. Before taking the position, he held multiple leadership roles across Hoa Phat Group subsidiaries, including Hoa Phat Equipment and Spare Parts Co., Ltd; Hoa Phat Furniture Joint Stock Company; and Hoa Phat Steel Pipe Co., Ltd. As of March 18, 2026, his ownership was 2.31%.
Nguyen Manh Tuan joined Hoa Phat in 1996 and served as Deputy Director of Hoa Phat Steel Pipe Co., Ltd. Since October 2004, he has been Director of Hoa Phat Steel Pipe Co., Ltd. The company’s shareholding in Hoa Phat Steel Pipe was 2.27% as of March 18, 2026. Doan Gia Cuong also serves as Vice Chairman, with a 0.45% stake as of March 18, 2026.
Hoa Phat Group held its 2026 annual general meeting (AGM). At the meeting, the company reported Q1-2026 revenue of over VND 53,300 billion, up 40% year-on-year. Net profit after tax reached VND 9,056 billion, up 170% year-on-year.
The AGM approved a 2026 revenue target of VND 210,000 billion, up 32.6% from 2025, and projected after-tax profit of VND 22,000 billion, up 41.8% from the prior year.
For dividends, the 2025 plan is 15%, including 10% in stock and 5% in cash. The expected dividend rate for 2026 is also 15%.
During AGM discussions, Chairman Tran Dinh Long and the Group’s leadership responded to shareholder and investor questions on business plans, dividend policy, rail and special steel projects, real estate projects, and expansion into agriculture after listing.
The leadership said these initiatives are key drivers for Hoa Phat to achieve an average 15% annual growth rate over 2026–2031.
To support the growth target, the Group affirmed it will continue investing in steel, including expansion of high-quality steel production and specialty steels such as rail for rail, steel for the automotive industry, cold-rolled steel, prestressed steel, non-alloy spring steel, and steel for the energy sector.
HPG is accelerating the Rail and Special Steel Plant Hoa Phat Dung Quat project, with a design capacity of 700,000 tons per year. After three months from groundbreaking, the plant has completed 35% of construction.
Line installation is expected to begin in June, with rail steel products expected in Q1-2027. Chairman Tran Dinh Long said: “There are only a few large European companies that can manufacture a rail production line. Hoa Phat will work with the most reputable technology and equipment suppliers for rail and also sign cooperation with the world’s leading testing body, Germany’s TUV SUD, which has stringent rail safety testing requirements. Rail steel from Hoa Phat is expected to be market-ready by Q2-2027.”
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