Top 1,000 corporate taxpayers published

Wednesday, November 23, 2011 16:30

Vietnam Report, in collaboration with online newswire VietNamNet and theGeneral Department of Taxation’s Tax magazine, organised a ceremony onNov. 22 to honour the country’s top 1,000 corporate-tax contributors inHanoi.

Contributions from foreign-direct enterprises doubled from19. trillion VND in 2010 to 38.9 trillion VND. This represented a 1percent rise to 24.92 percent in the V1000 making list in 2011.

TheV1000 revealed that 16.3 percent of firms for the first time wereentered on the list. Of those, state-owned and private enterprisesoccupied 42.9 percent and 31.3 percent of the slots, respectively.Foreign-invested enterprises (FIF) represented 25.8 percent.

Statefirms continue to lead in tax contributions. The top 10 taxcontributions were State-owned enterprises (SOEs), with their paymentsmore than doubling from 25.7 trillion VND (1.24 billion USD) in 2010 toan estimated 64.8 trillion VND (3.13 billion USD) in 2011.

Meanwhile,contributions by private firms slid from 20.62 percent in 2010 to 17.8percent in 2011, indicating the sector’s vulnerable nature during tougheconomic times.

The top 100 tax contributors in this year’s V100 contributed 72.4 percent of tax paid by 1,000 firms on the rating list.

Thetop 10 enterprises were: Vietnam Posts and Telecommunications Group(VNPT), PetroVietnam Exploration and Production Corporation (PVEP),VietsovPetro Joint Venture Enterprise (VietsovPetro), Vietnam Oil andGas Group (PetroVietnam), Military Telecommunication Group (Viettel),Vietnam Mobile Telecom Services Company (VMS), Vietnam NationalCoal-Mineral Industries Group (Vinacomin), PetroVietnam Gas Corporation(PV Gas), Joint Stock Commercial Bank for Foreign Trade of Vietnam(Vietcombank) and Vietnam Joint Stock Commercial Bank for Industry andTrade (VietinBank).

This is the second year that the V1000ranking list has been compiled. It is to recognise and honourenterprises that have the biggest tax contribution for three consecutiveyears (2008-2010) for the State budget.

V1000 is based on independent data survey processed by Vietnam Report.

Informationand data about enterprises were taken from top 500 Vietnameseenterprises VNR500, VNR Biz Database (Vietnam Report’s extensivedatabase with over 250,000 enterprises), data sourcing from thecountry’s two major bourses HNX and HOSE, and from 3,000 company recordssent to Vietnam Report for checking and verification./.

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