Vietnamplus

Hoa Phat Group hopes to earn more than 100 trillion VND in revenue by 2020, the year the Hoa Phat Dung Quat iron and steel production complex is expected to become fully operational. ​

Five richest families have seen their wealth swell in early 2018 thanks to the boom of Vietnam’s stock market.

The Hoa Phat Group announced on January 4 that it exported about 200,000 tonnes of steel in 2017.

Vietnamese shares struggled to extend gains on both local exchanges on September 6, weighed down by low investor confidence.

Shares recovered from morning losses on August 16, with large-cap stocks, especially steel and fertiliser shares, leading the way.

Hoa Phat Group manufactured some 209,000 tonnes of steel in July, up nearly 50 percent from the same period last year, retaining top spot in terms of domestic steel market share.

Hoa Phat Group (HPG) expects to hand over apartments of the Mandarin Garden 2 to buyers at the end of this year.

Vietnamese shares extended gains for a third day in both local markets on June 30, boosted by high investor expectations for good corporate second quarter earnings reports.

The occupancy rate in operational industrial parks (IPs) across the country has reached 73 percent, according to the Economic Zone Management Department under the Ministry of Planning and Investment.

Hoa Phat Group, a major industrial production group in Vietnam, manufactured more than 505,000 tonnes of steel in Q1 2017, up 27.9 percent year on year, and its market share expanded to 24.2 percent.

Hoa Phat Group (HPG) plans to issue an additional 250 million shares to raise capital for its strategic Hoa Phat Dung Quat iron and steel production complex project this year.

Steelmaker Hoa Phat Group plans to increase its charter capital to 15.2 trillion VND (675.6 million USD) this year, double the current level of 8.42 trillion VND.

The Hoa Phat Group on February 6 received an investment license for the construction of the Hoa Phat Dung Quat iron and steel production complex in the central province of Quang Ngai.