Vingroup tops Vietnam’s tax rankings after paying nearly 150 trillion dong

Vingroup has become the first private company to top Vietnam’s ranking of the 200 businesses that contribute the most to the state budget. The conglomerate paid nearly 148.8 trillion dong in 2025, according to the VNTAX 200 ranking.

That figure was 2.65 times higher than its payment the previous year and accounted for about 5.6% of total state-budget revenue. Over the past five years, Vingroup has contributed nearly 307 trillion dong. Its payment exceeded that of the second-ranked company, the Vietnam National Industry-Energy Group, or Petrovietnam, by about 57.8 trillion dong, a difference of roughly 63%.

The result marks the first time a private company has displaced leading state-owned groups at the top of the ranking. The article presents the rise as a sign of the expanding scale of Vietnam’s private sector and Vingroup’s broader corporate ecosystem.

Founded in 1993, Vingroup now operates in six core areas and has a presence in more than 12 countries, employing about 400,000 people worldwide. Its technology and industrial businesses include VinFast, which was founded in 2017 and now leads Vietnam’s automobile market. VinFast has set targets of delivering 300,000 cars and one million electric motorbikes worldwide in 2026, and became the first Vietnamese automaker to list shares successfully on the U.S. stock market.

Vingroup is also investing in new technologies through VinSmart Future, VinSOC and VinCSS, as well as robotics companies including VinMotion, VinRobotics and VinDynamics. Its other businesses include Vinhomes, Vinpearl and Vincom Retail. In 2025, the group entered infrastructure and green energy, including two high-speed rail projects through VinSpeed: Ben Thanh to Can Gio in Ho Chi Minh City, and Hanoi to Quang Ninh.