In the first half of 2026, Hoa Phat will reach 70% of the planned profit for 2026.

Vietnamese steel giant Hoa Phat Group has announced its financial results for the second quarter and first half of 2026.

In the first half of the year, the company's revenue amounted to 55.55 trillion dong ($2.11 billion), an increase of 53 percent year-on-year, and net profit reached 6.42 trillion dong ($244.51 million), an increase of 51% compared to the same period last year.

In the first half of this year, the company achieved 108.87 trillion DONG ($4.14 billion) in revenue and 108.87 trillion dong ($588.87 million) in net profit, an increase of 47% and 103% in both year-on-year, respectively.

For 2026, Hoa Phat has set consolidated targets of VND 210 trillion in revenue and GNI 22 trillion in net profit. As of the end of June, the company had achieved 52% of revenue and 70% of net profit, meeting its full-year target. The steel segment remained the main supplier, accounting for 93% of consolidated revenue and 68% of total profit.