Petrovietnam leads the Top 200 enterprises paying the largest budget in Vietnam

The list of enterprises with the largest budget contributions in Vietnam was compiled by the online financial news site CafeF based on actual budget contributions in the fiscal year (12 months) ending at times between June 30, 2023 and March 31, 2024. In addition, enterprises considered for the VNTAX 200 list must have a minimum budget contribution of VND 200 billion.

The total budget contribution of 200 enterprises in the VNTAX 200 list reached 684,600 billion VND. Of which, the top 10 enterprises alone accounted for nearly half, reaching 333,600 billion VND.

The top three positions are all state-owned corporations, including Petrovietnam , Viettel and Petrolimex. As the country's number 1 economic group, Petrovietnam paid nearly VND95,000 billion to the budget last year, far exceeding all other enterprises. In which, in the second position, Viettel recorded a budget payment of nearly VND38,000 billion; Petrolimex ranked third with a budget payment of more than VND33,000 billion.

CafeF Photo

According to CafeF, in the Top 200 , if a corporation has many parent companies - subsidiaries that meet the standards, only the parent company will be ranked. For this reason, many enterprises with tax payments of up to thousands of billions or tens of thousands of billions such as PVEP, BSR, PV GAS... (subsidiaries of Petrovietnam) or Vinhomes (subsidiaries of Vingroup ) will not be ranked but will be placed next to the parent company.

VNTAX 200 also recorded joint ventures and companies with capital contributions from Petrovietnam with the highest budget contributions, such as: Top 10 includes Vietsovpetro Joint Venture with a budget contribution of more than 24,000 billion VND, ranked 6th; Nghi Son Refinery and Petrochemical Company Limited (NSRP) with a recorded budget contribution of 20,000 billion VND, ranked 10th; and other enterprises such as: PVI Joint Stock Company; Petroleum General Services Joint Stock Corporation (PETROSETCO).

According to CafeF, the VNTAX 200 list was created with the desire to recognize the important role of businesses in the economy, honor and spread the spirit of social service of businesses, because budget payment is one of the important criteria reflecting the level of contribution of businesses to society.

Source: https://www.pvn.vn/chuyen-muc/tap-doan/tin/b5639cd5-de43-4c80-a31f-8de3ad1bb541