Vietnam's top taxpayers power economy with hefty contributions
The top ten included four State-owned enterprises – Petrovietnam, Viettel, Petrolimex and Vinacomin; four foreign direct investment firms – Heineken, NSRP, Toyota and Vietsovpetro; and two private companies – Vingroup and THACO. Each contributed more than 20 trillion VND.
Representatives from firms and banks receive awards for the largest tax contributors on September 9. (Photo courtesy of the organiser)
Hanoi (VNS/VNA) - Major corporations and banks took centre stage on September 9 morning as the largest tax contributors in Vietnam, underscoring their vital role in shaping the country’s economic landscape.
Organised by financial news channel CafeF, the event highlighted the impressive financial commitments made by these enterprises, demonstrating their significant impact on the national budget.
The VNTAX 200 list, showcasing the top 200 companies contributing the most to Vietnam’s budget in 2025 based on actual 2024 contributions, was unveiled alongside the PRIVATE 100 list. Collectively, the VNTAX 200 accounted for 794 trillion VND (30.09 billion VND)
Among the honourees, ten companies stood out for their exceptional tax payments, totalling approximately 362 trillion, representing 45% of total contributions from the top 200.
The top ten included four State-owned enterprises – Petrovietnam, Viettel, Petrolimex and Vinacomin; four foreign direct investment firms – Heineken, NSRP, Toyota and Vietsovpetro; and two private companies – Vingroup and THACO. Each contributed more than 20 trillion VND.
Leading the charge was Petrovietnam with an extraordinary 77.4 trillion VND, followed closely by Vingroup with 56.2 trillion VND.
In addition to these large corporations, banks also played a significant role in the financial landscape.
Agribank, the State-owned bank, stood out with its substantial tax contribution of nearly 9.2 trillion VND in 2024, marking a remarkable 77% increase from the previous year. This figure is projected to exceed 10 trillion VND in 2025, solidifying Agribank’s leadership in providing financial support for economic and social development, particularly in rural areas.
Techcombank led the private banking sector with a tax contribution of 6.78 trillion VND, showcasing its commitment to sustainable development and social responsibility.
HDBank also made headlines by doubling its previous contributions to over 6 trillion VND, while other notable banks included VPBank, which contributed more than 5.8 trillion VND and ACB with over 5.5 trillion VND.
Director of CafeF Phạm Quang Minh emphasised the importance of these businesses in achieving Vietnam’s economic goals, particularly as the country exceeded its budget revenue targets in 2024, with total State budget revenues surpassing 2 trillion VND.
The recognition of these firms not only celebrates their financial contributions but also underscores their commitment to corporate social responsibility and sustainable growth. /.
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