Hoa Phat appoints two female executives to deputy director roles

Overview

Hoa Phat Group (HPG) announced the appointment of two female executives to deputy director positions at subsidiary companies. Chairman Tran Dinh Long used the occasion to stress the importance of preserving the group’s corporate culture, which he described as something to be “guarded like one’s own eyes.” The appointments reflect HPG’s focus on internal talent development amid ongoing expansion.

Key Facts

• Vu Thi Hong, former head of accounting at Hoa Phat Urban Development and Construction JSC, appointed Deputy Director of Thang Long Infrastructure Investment and Construction JSC, effective May 2026.
• Duong Vu Hoang Anh, former head of raw materials at Hoa Phat Dung Quat Steel JSC, appointed Deputy Director of the same company, effective July 2026.
• Both executives have decades of tenure at Hoa Phat, having risen through the ranks internally.
• Chairman Tran Dinh Long emphasized that “people are the most precious asset” and that corporate culture must be preserved “like one’s own eyes.”
• HPG completed 70% of its annual profit plan in the first half of 2026.
• The Hoa Phat Dung Quat railway rail and special steel plant project reached 60% completion after seven months, with first product expected in Q1 2027.
• HPG is also building a 700,000-tonne-per-year steel rolling plant in Long An (Tay Ninh).

What Happened

On August 10, 2026, Hoa Phat Group held a mid-year review meeting and announced the appointments. Vu Thi Hong, previously head of accounting at Hoa Phat Urban Development and Construction JSC, will become Deputy Director of Thang Long Infrastructure Investment and Construction JSC from May 2026. Duong Vu Hoang Anh, previously head of raw materials at Hoa Phat Dung Quat Steel JSC, will become Deputy Director of that company from July 2026.

Chairman Tran Dinh Long, who chaired the meeting alongside CEO Nguyen Viet Thang, stressed the importance of preserving Hoa Phat’s traditional culture. He stated that the group considers people its most valuable asset and that all leadership members should build on the experience of previous generations. The meeting also reviewed H1 2026 results and outlined priorities for the rest of the year.

Market Context

HPG closed at VND 22,050 on August 11, 2026, on the HOSE. The steel sector has been supported by strong earnings, with HPG reporting H1 net profit of VND 15,480 billion, up 103% year-on-year. The appointments come as HPG continues to invest heavily in new capacity, including the Dung Quat railway rail plant and the Long An steel rolling facility, positioning the company for long-term growth.

Strategic Significance

The promotions signal HPG’s commitment to internal talent development and gender diversity in leadership, which can strengthen organizational stability and employee morale. Chairman Long’s emphasis on preserving corporate culture suggests a focus on maintaining operational discipline and shared values as the company scales up. For investors, this reflects a management style that prioritizes long-term cohesion over short-term changes, which may support consistent execution of major projects.

What to Watch

• Progress updates on the Dung Quat railway rail and special steel plant, with first product expected in Q1 2027.
• Construction milestones for the Long An steel rolling plant (700,000 tonnes/year).
• H2 2026 earnings reports to see if profit growth continues at the pace of H1.
• Any further leadership appointments or organizational changes at HPG subsidiaries.
• Market reaction to HPG’s stock price following the announcements and upcoming financial results.