Thursday, December 2, 2010

MobiFone tops list of biggest tax contributors

MobiFone, a mobile service operator under the Vietnam Post and Telecommunications Group, has topped the list of 1,000 largest corporate income tax payers in Vietnam, according to a report released Wednesday by Vietnam Report Co and newswire VietnamNet.

This is the first profile ever compiled for publication of Vietnam's top corporate income tax contributors. The ranking aims to recognize and honor enterprises for their good business performance and for their significant contributions to the country's budget over three consecutive years.

Information to compile the business profiles was collected from business results and individual data by the Vietnam Report Company in co-ordination with Taxation magazine of the General Department of Taxation, and domestic and foreign consultants.

Rankings are based on the total corporate income tax paid over three consecutive financial years between 2007 and 2009.

The following are the top 10 corporate income tax contributors:

* Vietnam Mobile Telecom Services Co (Mobifone)

* Military-run Viettel Corp (Viettel)

* PetroVietnam Gas Corp (PVG)

* Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank)

* Petrovietnam Oil and Gas Group (PetroVietnam)

* Vietnam National Coal and Mineral Industries Group (Vinacomin)

* Vietnam Bank for Agriculture and Rural Development (Agribank)

* Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)

* Prudential Vietnam

* Phu My Hung Corp

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