Vingroup Leads Vietnam's Private Tax Contributions Amidst Expanding Business Ventures

Vingroup is Vietnam's top private taxpayer, contributing over VND 56.2 trillion to the state budget in 2024. The conglomerate leads in technology, real estate, and services with impressive growth. New pillars in infrastructure and green energy signal expansion, furthering its socio-economic contributions and strengthening Vietnam's development.

Vingroup, a major Vietnamese conglomerate, has been identified as the largest private contributor to the country's state budget with tax payments surpassing VND 56.2 trillion in 2024. This constitutes nearly 40% of total contributions from the nation's Top 10 enterprises, as per the PRIVATE 100 ranking published by CafeF.

The group's position as a dominant taxpayer showcases its significant role in the economy, backed by robust growth in its technology-industrial and real estate services sectors. Vingroup's technology arm, VinFast, delivered a substantial number of electric vehicles globally, marking a threefold increase from past performances and further cementing its market leadership in Vietnam.

In real estate, Vinhomes continues to lead with significant contracted sales. Meanwhile, Vingroup's expansion into infrastructure and green energy promises transformative growth. Recent accolades, including two First-Class Labor Orders, reflect its socio-economic contributions and underline its commitment to sustainable development.

(With inputs from agencies.)