Hoa Phat Group’s contribution to State budget up 42% in H1

A factory of Hoa Phat Group (Photo: hoaphat.com.vn)

Hanoi (VNA) – Hoa PhatGroup contributed nearly 7.4 trillion VND (315.97 million USD) to the Statebudget in the first half of 2022, rising 42% year on year and surpassing the entire2020’s estimate, the conglomerate reported.

It said Hoa Phat Dung QuatSteel and Hoa Phat Hai Duong Steel are its biggest contributing subsidiaries, respectively paying over 4.8 trillion VND and nearly 1.6trillion VND to the budget, up 47% and 48% from a year earlier.

Other major contributors includeHoa Phat Steel Pipe, Hoa Phat Home Appliances, An Thong Mineral Investment, HoaPhat Steel Sheet, Hoa Phat Urban Development and Construction, and Hoa Phat HungYen Steel.

The conglomerate is operatingin 27 provinces and cities nationwide.

It has continually been inthe lists of the largest businesses and taxpayers in Vietnam. In May 2022, thefirm was named as one of the world’s 2,000 biggest companies by Forbes./.

VNA