HCMC – Hoa Phat Group (HOSE: HPG) paid more than VND13.4 trillion in taxes last year, the highest annual figure since the group’s listing on the Hochiminh Stock Exchange.
The amount was 48% higher than the 2023 figures.
Hoa Phat Dung Quat Steel JSC, a subsidiary of HPG, alone contributed over VND9.6 trillion in taxes and fees, making it the group’s top taxpayer. Meanwhile, Hoa Phat Hai Duong Steel JSC followed with total tax payments of around VND1.37 trillion.
Established in 1992, Hoa Phat has grown into a major industrial manufacturer in Vietnam. The group operates across five main sectors: steelmaking, steel products, agriculture, real estate, and household appliances. It is present in 26 cities and provinces, employing nearly 33,000 workers.
Over its 33-year history, Hoa Phat has steadily increased its contribution to the state budget. Since its listing in 2007 through December 31, 2024, the group has paid nearly VND88 trillion in taxes and fees.
Closing the trading session today, March 5, HPG inched down by 1.08% to VND27,550, with a trading volume of 30.4 million shares.
The VN-Index dropped 7.20 points, or 0.55%, at 1,304.71 points, weighed down by widespread selling pressure. Market breadth was negative, with 128 advancers and 343 decliners.
Stock trade reached around 980 million shares valued at VND22.2 trillion, slipping by 7.5% in volume and 4% in value over the previous session. Block deals contributed 209.4 million shares worth VND4.86 trillion to the overall value. Notably, lender VIB alone recorded 84 million shares in block deals in the afternoon session, pushing its total put-through transaction to 143.2 million shares valued at VND3 trillion.
The banking sector saw only LPB, MBB, and SHB post minor gains, while ACB, NAB, SSB, and VCB ended flat. Other bank stocks declined, with EIB and STB losing over 1%. VIB shed by 0.47% to VND21,000, with 21 million shares matched at the end of the session. TCB edged down by 0.73% to VND27,300, with 13.3 million shares changing hands.
Bank stocks attracted the most capital today.
MBB led banking in liquidity with 30.36 million shares traded, rising by 0.64% to VND23,550. However, it was outpaced by securities brokerage VIX’s 59.8 million shares, which dropped by 3.48% to VND11,100.
Steel stocks came under pressure as well. Except for DTL, which inched up by the close, the sector mostly fell, with HSG, TLH, and VCA all shedding over 2%.
Securities stocks also struggled. AGR and APG stayed flat while the rest fell. ORS, VDS, and BSI each slid by more than 2%. The leading trio—SSI, HCM, and VCI—were off nearly 1%.
Among real estate and related tickers, only nine closed higher, led by the stocks in the Vingroup family. VHM advanced by 1.55% to VND42,700, VIC moved up by 0.72% to VND42,250, and VRE rose by 0.28% to VND17,750. These gains contributed roughly one point to the VN-Index, which helped the benchmark stay above the 1,300-point level.
On the Hanoi Stock Exchange, the HNX-Index closed near the day’s low and marking its steepest fall in almost two months. It lost 1.94 points, or 0.82%, to finish at 235.41 points, with 61 winners against 109 losers. Trading volume on the northern bourse totaled 54.2 million shares valued at VND1 trillion, down by 23% in both volume and value compared to the previous session.
