CafeF, on August 12th, announced that PNJ is among the top PRIVATE 100 – a list of the largest tax-contributing private enterprises in Vietnam. In terms of industry groups, PNJ is the largest tax contributor in the jewelry retail industry and ranks 2nd among the top retail businesses in the country.
With the global economy facing numerous challenges and uncertainties, the contribution of enterprises to the state budget becomes an essential indicator of their responsibility and impact on the country’s development.
To recognize the importance of the private sector in the economy, honor, and spread the spirit of social service, CafeF has established PRIVATE 100 – a list of the largest tax-contributing private enterprises in Vietnam.
PNJ ranks among the top 2 tax-contributing retail businesses in Vietnam
In this list, PNJ ranks 2nd among the top 9 private enterprises in the distribution-retail sector of the ‘PRIVATE 100 – Leading Group’ honor roll. The company’s total tax contribution for 2023 was VND 1,418 billion, bringing its tax contribution to nearly VND 4,500 billion in the last three years. This money will support crucial activities such as education, healthcare, infrastructure, national defense, and contribute to the country’s economic and social development.
According to the organizers, only about 40 enterprises in the ‘PRIVATE 100 – Leading Group’ list contributed more than VND 1,000 billion in taxes, with the banking sector accounting for 12 names. Non-financial enterprises that reached this figure are leaders in large-scale economic sectors and have operated efficiently in the past year.
2023 was a challenging year for the retail market, with many unforeseeable factors affecting the operations of retail businesses, such as slow economic growth and consumers tightening their spending.
Despite the challenging market conditions, PNJ still achieved impressive results, with net revenue of VND 33,137 billion and after-tax profit of VND 1,971 billion in 2023. The company’s tax contribution is not only a legal responsibility but also demonstrates its social responsibility. Additionally, the large tax contribution reflects PNJ’s superior scale of operations and business efficiency, instilling confidence in investors, partners, and customers, and contributing to the sustainable development of the retail industry and the national economy.
PNJ announces 2023 business results with net revenue of VND 33,137 billion
In addition to its financial contributions, PNJ is also a pioneer in comprehensively implementing and balancing the three ESG pillars (Environment, Social, and Governance) in its sustainable development strategy, actively promoting activities to fulfill its responsibilities to the environment and society, and adopting advanced corporate governance standards.
Over the past 36 years, PNJ has carried out numerous meaningful activities that bring value to the community, such as the Mini Supermarket 0 VND program, childbirth companionship program, the project to raise awareness about autism in Vietnamese children, the Happy Young Family project, and the donation of nearly 500 Warm Homes … The company also actively accompanies the government at all levels in social security programs to promote the development and welfare of local communities.
PNJ presents wedding rings to couples in need through the Happy Young Family program
Ms. Cao Thi Ngoc Dung, Chairwoman of the Board of Directors of PNJ, shared: “In 2024, with experts around the world predicting complex developments in the global and Vietnamese economy, trade, and investment, PNJ still maintains its growth targets in revenue and profit, creates jobs for workers, contributes to the state budget, and creates great and sustainable values for the community.”
PNJ’s efforts for the community and the nation are a vivid testament to its comprehensive and balanced sustainable development strategy, strongly affirming its position as the “pioneer” in the jewelry retail industry and expanding its influence in the international market.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
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Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
