News about HPG

Hòa Phát chairman Trần Đình Long, a National Economics University graduate, gained over 1,700 billion VND in the past week as HPG shares rose nearly 4% to 20,900 VND per share. His wealth reached nearly 45,600 billion VND, and Forbes puts his fortune at US$2.3 billion, making him the fifth-richest person in Vietnam. He directly holds about 2.18 billion shares (25.8%), and his family owns more than 35.4% of the company. His son, Trần Vũ Minh, registered to buy 50 million HPG shares between October 7 and November 5, 2026 to raise his stake, although he holds no management position at Hòa Phát. The company targets 2026 revenue of 210,000 billion VND and after-tax profit of 22,000 billion VND, up 35% and 42% year-on-year respectively.