Top company with highest post-tax profit in vietnam năm 2024

Vietdata. "Profit after tax of leading fast food chains in Vietnam in 2022 (in billion Vietnamese dong) [Graph], Vietdata, August 15, 2023. [Online]. Available: https://www.statista.com/statistics/1451793/vietnam-leading-fast-food-chains-by-profit-after-tax/

Honda and C.P. are the only two foreign names in the list of 2021’s top 10 corporate income tax payers in Vietnam, according to the General Department of Taxation.

The department released the top 1,000 taxpayers’ list last Thursday but did not quantify the actual payments made.

Japan-invested Honda Vietnam, a major car and motorbike maker, ranked sixth, followed by C.P. Vietnam, an integrated agro-industrial and food subsidiary of Thailand’s C.P. Group.

The corporation established its first animal feed factory in Vietnam in the southern province of Dong Nai in 1993, focusing on feed, farms and food. It has since become a dominant player in the country’s livestock market.

Top company with highest post-tax profit in vietnam năm 2024

The logos of C.P. Group and CP Vietnam. Photo courtesy of the group.

Military-run telecom giant Viettel was the number one tax payer, followed by Vietcombank.

The banking sector has five representatives in the top 10 - Vietcombank, Techcombank, VietinBank, VP Bank, and Agribank, ranking second, fourth, fifth, eighth, and tenth, respectively.

Green City Development JSC and Gia Lam Urban Development and Investment Company Limited are the two real estate firms in the top 10. They are linked to realty giant Vinhomes JSC, a subsidiary of Vietnam's largest private conglomerate Vingroup.

Green City Development is well known as the investor of Vinhomes Grand Park urban area in Ho Chi Minh City, while Gia Lam Urban is the investor of Vinhomes Ocean Park urban area in Hanoi.

The top 20 list features two subsidiaries of South Korean electronics giant Samsung, namely Samsung Electronics Vietnam (SEV) and Samsung Electronics Vietnam Thai Nguyen (SEVT). Heineken Vietnam Brewery Limited Company is another major brand name on the list.

In the first nine months of the year, the department collected taxes of VND1,102 trillion ($45.39 billion), up 21.6% year-on-year, including VND78,200 billion in September, up 29.1% year-on-year.

Top 10 corporate tax payers in Vietnam. Source: General Department of Taxation

1. Viettel

2. Vietcombank

3. Green City Development JSC

4. Techcombank

5. VietinBank

6. Honda Vietnam

7. C.P. Vietnam

8. VPBank

9. Gia Lam Urban Development and Investment Company Ltd.

10. Agribank

Industries - Mon, May 13, 2024 | 11:55 am GMT+7

On October 26, 2023, in Hanoi, Vietnam Report in collaboration with VietNamNet e-newspaper officially held a ceremony to announce the Top 500 Most Profitable businesses in Vietnam (PROFIT500) in 2023 – to honor businesses with the ability of generating high profits, have the potential to become mainstay for the development of the Vietnamese economy, and at the same time introducing Vietnamese brands to the domestic and international businesses community.

Top company with highest post-tax profit in vietnam năm 2024

Vietnam Maritime Corporation (VIMC) continues ranked in Top 100 most profitable businesses in Vietnam this year with a ranking of 59/500. In addition to the main corporation, member companies of VIMC, including Saigon Port, Da Nang Port, and Hai Phong Port also entered the Top 500 in this prestigious ranking.

In the context of deceleration in global economic growth, Vietnam’s economy is also affected. By the end of the first 9 months of 2023, VIMC recorded revenue of 13,605 billion VND and profit of 2,063 billion VND. This result once again confirms VIMC’s performance over the previous years, showing its efforts to overcome difficulties and challenges, maintain stable developed production and business activities, make positive contributions towards the development of Vietnam’s maritime industry and the country’s economy.

Over many years of construction and development, Vietnam Report’s research is completed with scientific and transparent methodology. Specifically, the PROFIT500 ranking is evaluated according to the weighted scoring method with the main pillars being profit before tax, revenue, indicators reflecting profitability (ROA, ROE, ROR), and a Other reference indicators such as media reputation, labor size, and so on.

Top company with highest post-tax profit in vietnam năm 2024

In a situation where the global economy is facing with many risks and unpredictable fluctuations, the meaning of finding businesses that operate efficiently, profitably, and with a good reputation is increasingly acknowledged by the business community, investors, and the general public. The announcement ceremony of the Top 500 Most Profitable Enterprises in Vietnam is not only an opportunity for business representatives to gather to exchange and sharing, but also an important launching pad to help brands reach further, step forward steadily and develop in the new era.

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