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Hoa Sen Group
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Chairman of steel giant Hoa Sen Group wants daughter to take over
Le Phuoc Vu, chairman of steel giant Hoa Sen Group, plans to bequeath the company to his youngest daughter, a 23-year-old student in Australia, in 7-10 years’ time.
Steel giant Hoa Sen Group sets lowest profit target in 10 years
Steel giant Hoa Sen Group set its lowest profit target of VND100 billion ($4.25 million) for 2023, lowest in 10 years,.
Chairman’s dream of making Hoa Sen Housing billion-dollar retail giant has to wait
The chairman of steel giant Hoa Sen Group hopes to make subsidiary Hoa Sen Home the country’s biggest distributor of construction materials, but two years on, teething troubles continue.
March 14, 2023 | 08:29 pm PT
Hoa Sen Holdings divests from steel subsidiary
Hoa Sen Holdings has sold its 3.6 percent stake in subsidiary Hoa Sen Group, one of Vietnam’s largest steelmakers.
June 26, 2022 | 09:00 pm PT
Hoa Sen profits increase five-fold
Steel giant Hoa Sen Group saw net profits quintuple in May from a year earlier to over VND600 billion ($26.1 million).
June 28, 2021 | 01:21 am PT
Hoa Sen reports 217 pct increase in profits
Steel giant Hoa Sen Group's profits jumped by 217 percent in March to VND501 billion ($21.7 million).
April 15, 2021 | 06:00 pm PT
Steelmaker Hoa Sen’s chairman to become Buddhist monk in 2026
Hoa Sen Group founder and chairman Le Phuoc Vu has said he will remain involved with the operations of the steel giant until he enters monastic life in 2026.
January 25, 2021 | 04:55 pm PT
Steel giant targets 30 pct growth in profits
Hoa Sen Group has announced it targets 30 percent growth in post-tax profits this year to VND1.5 trillion ($65.2 million).
January 23, 2021 | 06:00 pm PT
Steel giant dumps plans for $10 bln central Vietnam complex
The Hoa Sen Group is backing off from a $10 billion steel complex in Ninh Thuan Province, saying it no longer fits its growth strategy.
July 28, 2020 | 02:32 am PT
Chairman of steelmaker Hoa Sen takes refuge in Buddhist ‘jewels’
Giant steelmaker Hoa Sen Group’s chairman Le Phuoc Vu, has deepened his Buddhist faith, undergoing a ceremony to take refuge in the Three Jewels.
July 17, 2020 | 06:26 am PT
Hoa Sen Group profits plummet on high interest payments
Despite robust sales, the country’s leading steel maker, Hoa Sen Group, has reported its lowest quarterly net profit in the last four years.
August 10, 2018 | 07:18 pm PT
Vietnamese group to build $10 bln steel plant on south coast
The plant’s capacity is double the size of Taiwan’s Formosa steel factory.
August 29, 2016 | 01:10 am PT
Vietnam province galvanized by $15-billion steel project
The local steel firm is owned by Vietnam’s eleventh richest person.
August 24, 2016 | 08:37 pm PT