Vingroup Tops Vietnam’s Taxpayer List with Over VND 56 Trillion Contribution in 2024

Hanoi, Vietnam | 22^nd August 2025: Vingroup (Ticker: VIC) has emerged as the largest private contributor to Vietnam’s state budget, paying more than VND 56.2 trillion in 2024. This accounts for nearly 40% of total contributions from the Top 10 enterprises, cementing Vingroup’s position as a key driver of national economic growth.

According to CafeF’s PRIVATE 100 ranking of Vietnam’s top 100 private enterprises by tax contribution, Vingroup’s payments represent an 82% increase from 2023, making up 23% of the total contributions of the Top 100 companies. This marks the second consecutive year Vingroup has topped the ranking, reflecting its credible, socially responsible, and sustainable business model.

As Vietnam’s largest private conglomerate, Vingroup also ranks among the nation’s leading corporations. By June 30, 2025, the Group’s total assets reached VND 964,439 billion, with consolidated net revenue and post-tax profit for H1 2025 at VND 130,366 billion and VND 4,509 billion, respectively.

Vingroup operates across two core pillars: Technology & Industry and Real Estate & Services. In the Technology & Industry segment, VinFast delivered 72,167 electric vehicles globally in the first half of 2025—a 3.2-fold increase year-on-year. In Vietnam, VinFast maintained market leadership with 67,569 cars delivered, alongside a record 114,484 electric two-wheelers, strengthening its role in the green transition.

In Real Estate & Services, Vinhomes retained its leadership in Vietnam, recording VND 67,504 billion in contracted sales and VND 138,208 billion in unbilled bookings as of June 30, 2025. Vinhomes was also the top real estate taxpayer in 2024. Other subsidiaries, including Vincom Retail and Vinpearl, posted revenues of VND 4,274 billion and VND 5,912 billion, respectively, reinforcing their dominance in retail real estate and tourism.

On August 11, 2025, Vingroup announced the launch of two new strategic pillars: Infrastructure (high-speed rail, bridges, ports, logistics) and Green Energy (solar, wind, energy storage). These sectors aim to unlock breakthrough growth, further contribute to the state budget, and enhance the private sector’s role in Vietnam’s development.

Vingroup’s commitment to society is evident through its Social Enterprises pillar. In August 2025, the Group’s Kind Heart Foundation received the First-Class Labor Order, honoring 19 years of charitable work benefiting millions of disadvantaged individuals, with total disbursements of VND 30 trillion.

Additionally, on August 19, 2025, Vingroup was awarded the First-Class Labor Order for completing the National Exhibition Fair Center 15 months ahead of schedule, a milestone dedicated to Vietnam’s 80th National Day, showcasing its contribution to Hanoi’s and the nation’s socio-economic development.

Vingroup’s consistent national recognition, top rankings, and sustainable growth strategies highlight its long-term commitment to economic development, social responsibility, and innovation in Vietnam.