Viet Nam  Report JSC has made public a list of top 1,000 corporate tax contributors this year (V1000), which paid a total amount of about 77 trillion VND (3.6 billion USD) to the state coffer.

Workers at a PetroVietnam power plant. The company is one of the largest corporate income tax payers in Viet Nam this year. — VNA/VNS Photo Ha Thai

The top ten include the PetroVietnam Exploration and Production Corporation PVEP), Viet Nam  Military Telecommunications Group (Viettel), Viet Nam  Mobile Information Company (VMS), PetroVietnam Gas Corporation (PV Gas), Viet Nam  National Oil and Gas Group (PetroVietnam), Viet Nam  Joint Stock Commercial Bank for Industry and Trade (Vietinbank), Viet Nam  Bank for Agriculture and Rural Development (Agribank), Viet Nam  Dairy Products JSC (Vinamilk), Viet Nam  Joint Stock Commercial Bank for Foreign Trade (Vietcombank) and Viet Nam  Joint Stock Commercial Bank for Investment and Development (BIDV).

There are 42 State-owned enterprises in the top 100 in the list, contributed over 64.5 percent of the total tax amount paid by the 100 leading companies.

Meanwhile, the top 100 companies accounted for 64.3 percent of the total tax payment of the top 1,000, two percent lower than last year’s figure.

This is the fourth consecutive year the V1000 ranking has been compiled. It aims to honour and encourage enterprises that make the biggest tax contribution to the State budget.

(Source: Vietnamplus)