Leading the VNTAX 200 - List of enterprises paying the largest budget in Vietnam in 2023, Vietnam National Oil and Gas Group (PetroVietnam) recorded 94,888 billion VND, far surpassing all enterprises in the following positions.
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| PetroVietnam representative received the award for Outstanding Taxpayer for the period 2020 - 2022. (Source: PVN) |
The top three positions are all state-owned corporations including PetroVietnam, Viettel and Petrolimex.
However, 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.
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.
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).
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| PetroVietnam paid nearly VND95,000 billion to the budget in 2023, far exceeding all other enterprises. (Source: Cafef) |
By the end of October, PetroVietnam had completed and exceeded many of the planned targets assigned by the Board of Members. Many areas of the Group had impressive growth compared to the same period last year, including urea, electricity, gasoline and NPK production.
Total revenue for the first 10 months reached VND820,400 billion, up 10% compared to 2023, exceeding the plan set three months in advance. Notably, the contribution to the State budget reached VND129,150 billion, up 7% over the same period last year, consolidating PetroVietnam's position as one of the three largest enterprises in Vietnam.
Notably, 10/22 member units of the Group have exceeded the consolidated revenue plan, of which 17/22 units have revenue growth compared to the same period in 2023.
Thanks to its outstanding achievements, PetroVietnam was honored to lead the Top 10 Strong Vietnamese Brands 2024, the sixth time the Group has been ranked first in the Top 500 Most Profitable Enterprises in Vietnam.
In the last two months of the year, PetroVietnam will continue to closely monitor the progress of key projects, while implementing measures to reduce costs and improve operational efficiency at factories and construction sites to ensure the goal of completing the 2024 plan.
Source: https://baoquocte.vn/petrovietnam-dan-dau-danh-sach-cac-doanh-nghiep-nop-ngan-sach-lon-nhat-viet-nam-294952.html
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