Vinhomes named Vietnam’s leading real estate taxpayer
Vinhomes, an affiliate of Vietnam’s biggest private conglomerate, reported total revenue of over $4.2 billion and net profit of approximately $1.4 billion in 2024.
THE HANOI TIMES — High-end property developer Vinhomes was the top private real estate taxpayer in Vietnam in 2024, contributing over VND40 trillion (US$1.5 billion), outperforming all other firms in the sector.
Vinhomes, an affiliate of Vietnam’s biggest private conglomerate, reported total revenue of over $4.2 billion and net profit of approximately $1.4 billion in 2024.
Vinhomes Co Loa is one of Vinhomes’ new projects in 2025. Photo: Vingroup
The list of 20 companies, announced on August 4 by the economic news platform CafeF, features other industry giants such as BIM Group, Nam Long, Khang Dien, and DOJI Land, alongside project-specific entities like the Vietnam-Laos Economic Cooperation Corporation (Eco Central Park, Nghe An) and Quoc Loc Phat (Metropole Thu Thiem).
Construction firms like Vinaconex, FECON, and Licogi 18 also rose in the rankings due to high land-use tax payments.
Notably, Vincom Retail represented the commercial real estate sector, while IDICO and Viglacera led in industrial real estate.
The total tax paid by these 20 companies increased by 60% on-year to VND63.2 trillion ($2.4 billion).
This ranking is part of the broader PRIVATE 100 and VNTAX 200 initiatives that honor major taxpayers. While the PRIVATE 100 recognizes private companies contributing at least $4 million, VNTAX 200 includes all firms, regardless of ownership, with contributions of $8 million or more.
