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On May 18th 1994, Mr. Le Phuoc Vu (now Chairman of Hoa Sen Group) and his family started the business with a small amount of money saved from his wage as a worker. His family rented a house at An Suong crossroad used as a shelter and also as a steel sheet retail outlet. After that, when the business went on favorable, with earnings accumulated from business, his family purchased a second-hand steel sheet rolling machine by installment. Steel sheets were cut and sold in retail. When the business grew, his family decided to establish a company to expand manufacturing and trading activities.

 

- On August 8th, 2001: Hoa Sen Joint Stock Company (Hoa Sen JSC) – the precursor of Hoa Sen Group, was established with an initial charter capital of VND 30 billion, 22 employees, and 03 retail – distribution branches.
- During 2002 and 2003, Hoa Sen Group established 31 new retail - distribution branches to increase the total number to 34 branches which are mainly located in the West, the South-East and Central coastal region.

 

 

 

 

 

- Establish 15 new branches to increase the total number of retail - distribution branches to 49.
- On August 8th 2004: put the first color coating line into operation with capacity of 45,000 tons/year and inaugurate its headquarters at No. 9, Thong Nhat Boulevard, Song Than 2 Industrial Park, Di An District, Binh Duong Province.
- On October 16th 2004: announce official tender for a 180.000 tons/year cold rolling mill with investment capital of nearly USD 30 million financed by the Indian Official Development Assistance (ODA), Vietnam Development Fund and reciprocal capital.

 

 

 

- Establish 7 new branches to increase the total number of retail – distribution branches to 56.
- On February 14th 2005: Hoa Sen JSC inaugurated and put the galvanizing line No. 01 with capacity of 50,000 tons/year into operation in Song Than 2 Industrial Park, Di An District, Binh Duong Province.

 

 

 

- Establish 3 new branches to increase the total number of distribution - retail branches to 59.
- On February 16th, 2006: Start to build Cold Rolling Mill with capacity of 180,000 tons/year at Song Than 2 Industrial Park, Di An District, Binh Duong Province.
- On November 09th, 2006: Establish Hoa Sen Steel Sheet Joint Stock Company with charter capital of VND 320 billion.

 

 

 

- Establish 16 new branches to increase the total number of retail - distribution branches to 75.
- On January 3rd 2007: inaugurate and put the galvanizing line No. 02 with capacity of 50,000 tons/year into operation to increase the total capacity of 2 galvanizing lines to 100,000 tons/year.
- On March 26th, 2007: Establish 2 subsidiaries: Hoa Sen Building Material Joint Stock Company with charter capital of VND 150 billion and Hoa Sen Engineering - Construction Joint Stock Company with charter capital of VND 10 billion.
- On April 6th,2007: inaugurate Hoa Sen cold rolling mill with capacity of 180,000 tons/year and start to build galvanizing line (NOF technology) with capacity of 150,000 tons/year.
- On April 21st, 2007: Hoa Sen Building Materials Joint Stock Company started to build Phase 1 of Hoa Sen Steel Pipe, Plastic Pipe and Building Material Plant at Phu My 1 Industrial Park, Ba Ria – Vung Tau Province.
- In December 2007: Hoa Sen JSC was renamed as Hoa Sen Group. Hoa Sen Group then merged with its 3 subsidiaries: Hoa Sen Steel Sheet Joint Stock Company, Hoa Sen Building Material Joint Stock Company and Hoa Sen Engineering - Construction Joint Stock Company.

 

 

 

- Establish 4 new branches to increase the total number of retail - distribution branches to 79.
- On January 16th, 2008: cooperate with Gemadept Joint Stock Company to establish Hoa Sen – Gemadept International Port & Logistics Joint Stock Company with charter capital of VND 39 billion in which Hoa Sen Group owns 45%.
- On March 6th, 2008: inaugurate Phase 1 and start to build Phase 2 of Hoa Sen Steel Pipe, Plastic Pipe and Building Material Plant at Phu My I Industrial Park, Ba Ria – Vung Tau Province.
- On March 19th, 2008: inaugurate the Galvanizing line (NOF technology) with capacity of 150,000 tons/year and the color coating line No. 02 with capacity of 45,000 tons/year.
- Establish 3 new branches to increase the total number of retail – distribution branches to 82
- On December 5th, 2008: list 57,038,500 Hoa Sen Group shares (code: HSG) on Ho Chi Minh City Stock Exchange.

 

 

 

- Establish 11 branches to increase the total number of retail-distribution branches to 93.
- On May 13th 2009: Start to build Phase 1 of Hoa Sen Phu My Steel Sheet Plant Project at Phu My 1 Industrial Park, Ba Ria – Vung Tau Province.

 

 

 

- Establish 12 retail- distribution branches to increase the total number of retail-distribution branches to 105.
- On February 11th, 2010: Perform private placement of 11,961,500 shares for major investors and 1,000,000 shares for Hoa Sen Group’s staffs to increase charter capital from VND 570 billion to VND 700 billion.
- On march 4th, 2010: sign a strategic cooperation with leading domestic and foreign partners in investment capital contribution, providing long – term credit, supplying human resources and research and application of science and technology
- On March 15th , 2010: inaugurate and put hot dip galvanizing line (NOF technology) with capacity of 450,000 tons/year and color coating line with capacity of 180,000 tons/year that belong to Hoa Sen Phu My Steel Sheet Plant Project into operation only after 10 months of construction.
- On March 23rd, 2010: additionally list 12,961,500 shares on Ho Chi Minh City Stock Exchange
- On March 31st, 2010: Issue bonus shares from capital surplus (ratio of 10%) and shares to pay the third dividend of fiscal year 2008-2009 (ratio of 10%) for current shareholders to increase charter capital to VND 839.960 billion.
- On April 25th: additionally list 13,996,000 stocks on Ho Chi Minh City Stock Exchange
- On June 30th,2010: Issue shares to pay dividend of fiscal year 2008-2009 (ratio of 20%) for current shareholders to increase charter capital to VND 1,007.907 billion.
- On August 27th, 2012 additionally list
16,794,790 stocks on Ho Chi Minh City Stock Exchange

 

Inaugurate Hoa Sen Phu My Steel Sheet Plant (Phase 1) with synchronous production lines as follows:       

 

a.   01 pickling line with capacity of 700,000 tons/year;

b.   02 cold rolling lines with total capacity of 400,000 tons/year;

 

c.   01 Hot dip galvanizing line in NOF technology with capacity of 450,000 tons/year;

 

d.   01 galvanizing line in NOF technology with capacity of 100,000 tons/year;

 

e.   01 color coating line with capacity of 180,000 tons/year;

 

f.    02 annealing furnaces, 01 cut-to-length line, 01 slitting line, 01 acid recycling system, power plant 110KVA and other auxiliary facilities.

 

 

 

http://www.hoasengroup.vn/userfiles/image/Hinh_2012/HoaSenGroup/LichSuXayDungPT/2.JPG

 

Governmental representatives and Hoa Sen Group’s leadership made formal inauguration of Hoa Sen Phu My Steel Sheet Plant, an important milestone after 10 years of continuous development of Hoa Sen Group.

 

 

 

- August 8th, 2011: 10th anniversary of establishment 

 

 

- The export turnover achieved USD 180 million so Hoa Sen Group became one of the leading exporters of coated steel sheet in Southeast Asia.

- Implement an additional investment in NOF Galvanizing line with capacity of 120,000 tons/year to meet the market demand.

- Announce the new brand identity system.

- Hoa Sen Group honorably received Vietnam Value 2012

- Establish 2 new retail – distribution branches to increase the total number of retail – distribution branches to 108.

- Inaugurate the first franchise agent at Dak Nong Province on August 12th, 2012.

THE FISCAL YEAR 2012 – 2013

 

  •  - Inaugurate and put Galvanizing line with NOF technology and with a capacity of 120,000 tons/year into operation.

  •  - Establish 7 more branches to increase the total number of branches and general depots to 115 and 3 respectively.

  •  - Hoa Sen Group honorably received “Top 100 Vietnamese Largest Enterprises 2012” award and “Top 30 Largest Vietnamese Private Enterprises 2012” award.

  •  - Hoa Sen Group honorably received “Top 10 Vietnam Gold Star 2013” award and “Top 10 Corporate Social Responsibility” award.

  •  - On September 9th 2013, Hoa Sen Group honorably received Third – Class Labor Medal awarded by Vice President of Vietnam.

  •  - Implement Phase 2 of Hoa Sen Phu My Steel Sheet Plant Project to achieve the target of 1 million ton in sales volume and the target of USD 1 billion in turnover.

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