According to the finalized list, the top 100 enterprises in the PRIVATE 100 contributed nearly VND 173 trillion to the state budget in 2023. Among them, more than 30 entities each paid over VND 1 trillion.
PRIVATE 100 was first announced on August 15, 2024, and is based on actual contributions during the fiscal year (12 months) ending at various points between June 30, 2023, and March 31, 2024.
PRIVATE 100 includes a general list of all private enterprises that paid over VND 100 billion, as well as the Leading Group (Private 100: Leading Group), which features the top 100 leading enterprises. In the Leading Group, if a conglomerate has multiple parent-subsidiary companies meeting the criteria, only the parent company is ranked.
The ten leading names are all familiar private conglomerates, with half of them owned by dollar billionaires, including Vingroup, THACO, Hoa Phat, Techcombank, and Masan Group.
All ten leading enterprises each contributed over VND 4 trillion to the state budget, with Vingroup standing out by paying VND 30.9 trillion. The remaining companies in the top 10 each contributed at least VND 4 trillion.
The combined contribution of the trio Vingroup, THACO, and Hoa Phat alone accounted for more than one-third of the total contributions from the list.
The private banking sector boasts 17 representatives in the Top 100, with a total contribution of nearly VND 42 trillion. The top 10 private banks contributed over VND 36.8 trillion, an increase of more than VND 10.7 trillion compared to 2022. Many banks doubled their contributions year-over-year, equivalent to trillions of dong.
Private real estate enterprises ranked second in terms of state contributions, collectively paying over VND 37 trillion. Seven companies in the sector contributed over VND 1 trillion each. When factoring in multi-industry conglomerates with real estate divisions, such as Vingroup, THACO, and Gelex, this figure rises to over VND 50 trillion.
Leading real estate enterprises in 2023 and 2024 made significant contributions in Hai Phong, where they are heavily investing, including Vinhomes, Hoang Huy Group, and DOJILAND.
The consumer goods & retail sector is another notable group, with nearly 20 enterprises contributing over VND 21 trillion. In this sector, the Masan Group alone contributed over VND 4.4 trillion; beverage companies contributed nearly VND 6 trillion, and other F&B (Food & Beverage) enterprises contributed over VND 70 trillion, with retail companies contributing VND 3.7 trillion.
In the retail segment, several enterprises paid contributions of over VND 1 trillion, including Mobile World Investment Corporation (MWG), along with two leading companies in the jewelry retail sector, PNJ and DOJI.
The securities sector also saw a significant presence with 15 enterprises in the PRIVATE 100 list, with three leading companies contributing over VND 1 trillion each. The technology sector, though limited in the number of large private companies, saw two representatives contributing over VND 1 trillion: FPT and VNG.
The steel sector contributed nearly VND 12 trillion, primarily from Hoa Phat.
The financial services sector, including banking, securities, and insurance, accounted for 28% of the total contributions. Enterprises primarily operating in real estate and construction (excluding Vingroup) accounted for 10%.
Source: CafeF, CafeFLists
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