Vietnamese billionaires' companies contribute $3.24 bln to state budget
Corporations run by Vietnamese billionaires contributed VND75.2 trillion ($3.24 billion) to the state budget in 2021, with Pham Nhat Vuong’s Vingroup making the largest contribution.

Vingroup Chairman Pham Nhat Vuong. Photo courtesy of the company.
Vingroup
Pham Nhat Vuong's Vingroup, Vietnam's largest listed corporation, contributed VND26,213 billion ($1.13 billion) to the national budget in 2021. Of this, about $464.5 million came from corporate income tax.
During the 2016-2020 fiscal year, the state budget received a total $4.25 billion from the conglomerate. The contributions have risen year after year, with the only one dip occurring in 2020 before resumption in 2021.
Chairman Pham Nhat Vuong, with total assets of $6 billion, currently ranks first in Vietnam and 405th in the world in Forbes's real-time billionaires list. This year marks the tenth time he has made the world's billionaires list.

The other six Vietnamese representatives in Forbes’s list of USD billionaires (from left: Tran Ba Duong, Tran Dinh Long, Ho Hung Anh, Nguyen Dang Quang, Bui Thanh Nhon, and Nguyen Thi Phuong Thao). Photo courtesy of the billionaires.
Thaco
Truong Hai Group (Thaco), a multi-sector Vietnamese conglomerate owned by billionaire Tran Ba Duong, contributed VND20,500 billion ($888 million) to the state budget in 2021. Over the 2016-2020 term, the total amount was $3.9 billion.
Chairman Tran Ba Duong first entered the Forbes list in 2018. With a net worth of $1.5 billion, he currently ranks sixth in Vietnam and 1,843rd in the world.
Hoa Phat Group
Hoa Phat Group, Vietnam’s largest steel maker, chaired by billionaire Tran Dinh Long, paid VND12,689 billion ($549.7 million) into the state budget in 2021. Of this, corporate income tax hit $118.8 million.
The enterprise submitted a total $1.38 billion to the budget over the 2016-2020 period.
Long is now the fourth richest person in Vietnam and the 1,182nd in the world, with a total wealth of $2.5 billion, according to Forbes.
Techcombank
Techcombank, one of Vietnam’s leading joint-stock commercial banks, paid VND6,533 billion ($283 million) into the budget in 2021, with corporate income tax accounting for $209.7 million.
The state budget received $554.9 million from the creditor in the 2016-2020 period.
Ho Hung Anh, Chairman of Techcombank, is currently ranked fifth in Vietnam and 1,606th in Forbes's real-time billionaires list, with a net worth of $1.8 billion.
Masan Group
Masan Group, one of Vietnam’s largest private conglomerates, contributed VND5,452 billion ($236.2 million) to the state budget in 2021, with $65 million coming from corporate income tax. The total sum was $721.8 million over the 2016-2020 period.
Masan Chairman Nguyen Dang Quang, with a fortune of $1.8 billion, is currently ranked last on the Vietnamese USD billionaire list, and 1,887th in the world. He is also Vice Chairman of Techcombank.
Novaland
Novaland paid VND1,378 billion ($59.6 million) into the state budget in 2021, of which, corporate income tax was $57.7 million. The total sum was $294.3 million over the five-year period.
Bui Thanh Nhon, Chairman of multi-sector Nova Group, has become the second richest billionaire in Vietnam, with a net worth of $2.8 billion, and a global position of 1,504th.
Vietjet Air and HDbank
Nguyen Thi Phuong Thao, Vice Chairman of HDBank and VietJet Air, is the only female billionaire in Vietnam. With total assets of $2.7 billion, she is the country’s third-richest person, and 1,077th in the world.
Vietjet Air submitted $25 million to the state budget in 2021. The airline’s contributions have plunged sharply in the last two years due to the significant impact of Covid-19 on the aviation industry. HDbank’s budget contribution in 2021 were $81 million.
In the five-year period from 2016 to 2020, Vietjet Air and HDbank had contributed $981.3 million and $208.7 million, respectively.
- Read More
Vietnam plans to spend over $2 bln on US agri imports
Vietnam’s Ministry of Agriculture and Environment is expected to sign MoUs to purchase over $2 billion worth of U.S. agricultural, forestry, and fishery products.
Economy - Tue, June 3, 2025 | 10:01 pm GMT+7
New flight route to help Danang attract more wealthy tourists from Middle East
The new Dubai-Danang flight route has been launched, paving the way for an influx of high-spending travelers from the Middle East and Europe to the central Vietnam city, one of the country's top tourist attractions.
Companies - Tue, June 3, 2025 | 9:13 pm GMT+7
Food giant C.P. Vietnam’s 'diseased' pigs improperly quarantine-stamped: authorities
The widely circulated images of diseased pigs from C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), date back to 2022, but the pigs were improperly stamped, Vietnamese authorities stated on Tuesday.
Companies - Tue, June 3, 2025 | 5:36 pm GMT+7
Son Hai Group proposes expanding 263km stretch of Vietnam's North-South Expressway
Vietnam’s Son Hai Group is seeking Prime Minister Pham Minh Chinh's approval to invest in the expansion of a 263-kilometer stretch of the eastern section of the North-South Expressway.
Infrastructure - Tue, June 3, 2025 | 3:53 pm GMT+7
FedEx establishes direct serve in Vietnam on surging demand
FedEx Express Corporation, one of the world’s largest express transportation companies, has transitioned to a direct-serve presence in Vietnam amid the Southeast Asian country’s growing international shipping demand.
Industries - Tue, June 3, 2025 | 2:55 pm GMT+7
Vietnam’s steel giant Hoa Phat to deliver thousands of containers to domestic shipping lines
Vietnam’s largest steelmaker, Hoa Phat Group, will supply thousands of containers to VIMC Container Transport JSC (VIMC Lines) and Vinafco Shipping JSC under recently signed contracts.
Companies - Tue, June 3, 2025 | 12:16 pm GMT+7
Shinhan Bank receives 'Fastest growing SME bank Vietnam 2025' award
South Korea’s Shinhan Bank Vietnam Limited has been named the “Fastest Growing SME Bank Vietnam 2025” by World Economic Magazine (UK).
Companies - Tue, June 3, 2025 | 10:19 am GMT+7
Vietnam’s ‘shrimp king' Minh Phu expects to return to profit in 2025
Minh Phu Seafood Corporation (UPCoM: MPC), Vietnam’s leading shrimp exporter, expects net profit to reach VND997 billion ($38.03 million) this year, reversing the loss in 2024.
Companies - Tue, June 3, 2025 | 8:38 am GMT+7
CMC Corporation breaks ground on $300 mln technology hub in Hanoi
Vietnam's leading technology firm CMC Corporation on Monday broke ground on its $300 million Hanoi CMC Creative Space (CCS Hanoi) project.
Industries - Mon, June 2, 2025 | 11:19 pm GMT+7
Thailand’s industrial output up after 9-month decline
Thailand’s industrial output has turned positive for the first time in nine months, with the automotive sector rebounding after a 21-month slump, said Thai Deputy Finance Minister Paopoom Rojanasakul.
Southeast Asia - Mon, June 2, 2025 | 10:48 pm GMT+7
Singapore, France to expand cooperation in civil nuclear energy, defence technology, AI research
Singapore and France have upgraded their Strategic Partnership signed in 2012 to a Comprehensive Strategic Partnership (CSP), marking Singapore's first CSP with a European country.
Southeast Asia - Mon, June 2, 2025 | 10:47 pm GMT+7
Masan MEATLife stock jumps on continued profit momentum
The ticker of Masan MEATLife (MML), a subsidiary of Vietnamese consumer retail giant Masan Group, jumped by 8.71% to VND31,200 ($1.2) per share on Monday, after it reported profit for the third consecutive quarter in Q1/2025.
Companies - Mon, June 2, 2025 | 10:34 pm GMT+7
Vietnam's VSIP Binh Dinh industrial park seeks to become 'golden destination' for Thai firms
The Becamex VSIP Binh Dinh service-urban-industrial complex in the central province of Binh Dinh is emerging as a promising destination for Thai enterprises, said its developer Becamex Binh Dinh JSC.
Industrial real estate - Mon, June 2, 2025 | 10:24 pm GMT+7
Termination of feed-in-tariff mechanism a major bottleneck in Vietnam’s electricity transition: expert
A major bottleneck in Vietnam’s electricity transition has been the termination of the feed-in-tariff (FIT) mechanism in 2021, with no suitable replacement mechanism in place, according to the director of Hanoi-based Institute of Energy Technology.
Economy - Mon, June 2, 2025 | 4:56 pm GMT+7
Vietnam Vaccine JSC launches high-quality healthcare shop chain
Vietnam Vaccine JSC (VNVC), well known for its vacciation services, on Saturday launched its VNVC Shop, a chain offering safe, high-quality healthcare products from globally recognized brands.
Companies - Mon, June 2, 2025 | 4:05 pm GMT+7
Vietnam heavyweight PV Gas plans $3 bln investment over next 5 years
PV Gas, a subsidiary of state-owned giant Petrovietnam, plans to make "strong investment" over the next five years in areas such as infrastructure and import-distribution of LNG.
Energy - Mon, June 2, 2025 | 2:01 pm GMT+7