Vietjet tops list of biggest tax payers in Vietnam

(Hanoi, August 03, 2018) - Vietjet has topped the list of the 100 biggest tax payers in Việt Nam in 2017. It marks Vietjet’s second consecutive year in the list. The Ministry of Finance’s General Department of Taxation announced the list of the 1,000 biggest tax payers in the country under directions of government and the ministry.

Being in the list resulted from Vietjet’s business performance in 2017. Accordingly, the airline reported VND 42.303 billion in revenue and VND 5,073 billion profit after tax, increases of 54% and 73% respectively, compared to previous period. The company has contributed more than VND 4,197 billion to the state budget, including direct and indirect taxes, charges and fees. 

Mr. Nguyen Duc Tam, Vietjet's Vice President said," Aviation is a special industry and achieving significant business growth is considered no less than a miracle. After 6 years of operation, Vietjet is proud to be recognized as the top corporate income taxpayer to the government for the second time. We look forward to further supporting the development and integration of our home economy in the coming years."

General Department of Taxation’s data reveals that accumulative corporate income tax by companies in the list reaches VND 110.027 billion, account for 65.59% of those by all Vietnamese enterprises.

According to General Director of General Department of Taxation Bui Van Nam “The list was well - implemented under a strict and objective manner with an aim at reflecting last year business performance of surveyed companies. Being in the list would be a great pride of every Vietnamese enterprise. I would like to express my congratulation and appreciation to all winners for their continual effort and wish you all more successes in the future. We are always with your development under the constructive spirit by the Vietnamese government.”