Page 533 - Ebook HTKH 2024

Chart 7. Forecast of HPG's revenue situation in the next 5 years

Source: Author group synthesis
In the forecast graph of Hoa Phat Group Joint Stock Company's revenue in the next
5 years (2024 - 2028) at the current conditions, Vietnam has stability in political and

social aspects; the epidemic situation is stable. Therefore, with the trend of the
company's revenue increasing steadily over the years, we can conclude that the trend
function is appropriate and acceptable.
4.7. Management implications to propose measures to improve HPG’s business
efficiency by 2028
Group of measures to increase revenue

Marketing activities: Continue to review and classify customers, connect with
traditional customers, expand the customer base, expand the dealer system.
Payment and sales activities: Diversify payment methods, support customers,
apply information technology to digital transformation in enterprises, expand the
development of distribution channels and dealers from mountainous and island
provinces.
Group of measures to review production costs:
Reduce unreasonable costs; control inventory: develop an optimal inventory

plan.
Group of measures to promote the progress of transition from “gray steel” to
“green steel” production
Continue to stabilize and operate the technology of recovering and using residual
heat, coke heat, and blast furnace residual gas to produce electricity and be
self-sufficient in electricity for production. (In 2022, the total electricity generated by

the KLH iron and steel residual heat power plants in Hai Duong and Dung Quat will
reach over 2.42 billion kWh and be self-sufficient in about 75 - 80% of the electricity
produced).
Invest resources in implementing the rooftop solar power program to take
advantage of the factory roof area.
Continue to invest in technology and resources to take advantage of residual coal
gas in iron and steel smelting as fuel for boilers to generate electricity.

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