Major companies in the basic materials sector based on sales in Vietnam 2020
As of May 2020, Hoa Phat Group JSC was the leading chemical company in Vietnam with a sales value of about 67.93 trillion Vietnamese dong, followed by Hoa Sen Group and Vietnam Steel Corporation. Hoa Phat Group JSC, Hoa Sen Group and Vietnam Steel Corporation generate most of its revenue from the production and distribution of steel.
Hoa Phat Group JSC
Hoa Phat Group JSC (HPG) is a private corporation in Vietnam which started as a trading company for construction machinery and has now become a multi-industry trading group. In 2019, HPG generated 80 percent of its revenue from the sales of steel, reaching a gross profit of approximately 11.19 trillion Vietnamese dong. In that year, the company has supplied 3.6 million tons of all kinds of steel to the market including construction steel, steel pipes and galvanized iron sheets of all kinds. The company has a market share of 26.2 percent for construction steel and 31.5 percent for steel pipes.
Fossil fuels in Vietnam
Vietnam’s after-tax profit of the chemicals sector was 9.39 trillion Vietnamese dong. The total export value of fossil fuels reached three billion U.S. dollars. In the Asia Pacific region, Vietnam ranks seventh in oil production as well as coal production. The leading oil and gas company is state-owned Vietnam Oil and Gas Group (PetroVietnam).
Hoa Phat Group JSC
Hoa Phat Group JSC (HPG) is a private corporation in Vietnam which started as a trading company for construction machinery and has now become a multi-industry trading group. In 2019, HPG generated 80 percent of its revenue from the sales of steel, reaching a gross profit of approximately 11.19 trillion Vietnamese dong. In that year, the company has supplied 3.6 million tons of all kinds of steel to the market including construction steel, steel pipes and galvanized iron sheets of all kinds. The company has a market share of 26.2 percent for construction steel and 31.5 percent for steel pipes.
Fossil fuels in Vietnam
Vietnam’s after-tax profit of the chemicals sector was 9.39 trillion Vietnamese dong. The total export value of fossil fuels reached three billion U.S. dollars. In the Asia Pacific region, Vietnam ranks seventh in oil production as well as coal production. The leading oil and gas company is state-owned Vietnam Oil and Gas Group (PetroVietnam).
