The 2025 Top Tax-Contributing Enterprises Awards: Recognizing Businesses Contributing Hundreds of Thousands of Billions

Celebrating the Unsung Heroes of the Economy

On September 9th, Hanoi played host to the prestigious Tax Contributor Awards 2025, an annual event honoring businesses with significant contributions to the state budget. The ceremony brought together senior government officials, leading economists, and representatives from nearly 200 outstanding enterprises nationwide. This event underscored the pivotal role of Vietnamese businesses and their economic prowess.

The ceremony’s focal point was the announcement of two esteemed lists: VNTAX 200, comprising enterprises contributing over VND 200 billion to the state budget, and PRIVATE 100, exclusively recognizing private enterprises with contributions of VND 100 billion and above. These are not just impressive figures but also a testament to the relentless efforts, sustainable development, and social responsibility of each honored business.

Mr. Pham Quang Minh, Director of CafeF, delivered a welcoming speech, highlighting the community’s achievements in the context of Vietnam’s notable economic accomplishments in 2024, particularly the state budget surplus. He revealed that the total state budget revenue for 2024 exceeded VND 2,000 trillion, with substantial contributions from the VNTAX 200 and PRIVATE 100 enterprises. Specifically, the VNTAX 200 group contributed nearly VND 800,000 billion, while the PRIVATE 100 group contributed nearly VND 245,000 billion. These contributions are vital financial resources, underscoring the stature and role of Vietnamese enterprises in the digital age.

One of the ceremony’s highlights was the insightful speech by Dr. Nguyen Van Phung, former Director of the Large Enterprise Tax Management Department, General Department of Taxation. He shared his special appreciation for enterprises contributing between VND 100 and 300 billion, despite many businesses paying taxes in the thousands or even tens of thousands of billions.

Dr. Phung emphasized the importance of considering the nature of tax sources, praising the sustainability of corporate income tax and personal income tax over natural resource-based revenues. To him, these private enterprises, though not the largest in scale, exhibit stable growth and consistently contribute to the state budget, acting as healthy “cells” that create a ripple effect and foster new thinking in business operations. They play a pivotal role in building a robust and autonomous economy.

His speech inspired the audience, affirming that every contribution, regardless of size, is valuable and reflects the patriotism and social responsibility of each entrepreneur.

The event honored numerous prominent names, industry leaders across various sectors. Due to time constraints, only a few representative enterprises were invited onstage, standing in for hundreds of other outstanding businesses.

Real Estate and Diversified Sector: It comes as no surprise that Vingroup, Vietnam’s largest private tax contributor, was the first name called, along with Vinhomes, the leading private real estate enterprise, reinforcing their market leadership.

Hoa Phat Group, the largest steel producer in Southeast Asia, ranked among the top 14 tax contributors nationwide, showcasing the might of Vietnamese industry.

The banking bloc made a robust showing, underscoring the vital role of the financial sector. Several prominent names were honored, including Agribank (among the top 3 tax contributors), Techcombank (leading the private banking sector for three consecutive years), and HDBank, VPBank, ACB, SHB, LPBank, TPBank, and OCB.

Vinamilk and PNJ continued their stellar performance, reflecting the strength of the domestic market. Notably, PNJ excelled as the leading private enterprise in the distribution and retail sector.

The securities industry left its mark with the recognition of VPS Securities Joint Stock Company and VPBank Securities Joint Stock Company, highlighting the vibrancy and growing contributions of the capital market.

Accompanying the awards ceremony was a panel discussion themed “Seizing Opportunities in the Digital Transformation: Pioneering Stories from the VNeID Application and the Finance and Banking Sector.” With the participation of leading experts like Prof. Dr. Tran Dinh Thien, Mr. Nguyen Hung (CEO of TPBank), and Mr. Hoang Trung Hai (Deputy General Director, EY Consulting VN), the discussion offered multifaceted insights into Vietnam’s digital economy future.

The Tax Contributor Awards 2025 was more than just a celebration; it was an affirmation of the resilience, responsibility, and ambition of the Vietnamese business community. Their contributions today lay a solid foundation for Vietnam to stride confidently into the new era, standing shoulder to shoulder with the world’s leading economies.