V1000 ranking list 2011 is officially announced

On 18/10/2011, in Hanoi, Vietnam Report JSC collaborated with VietNamNet Newspaper and Tax Magazine – General Tax Department, has officially announced the ranking list of Top 1000 CIT-paid enterprises in 2011 - V1000. This is the second year that the V1000 ranking list is announced. It is to recognize and honor enterprises which have biggest tax contribution in 3 consecutive years (2008-2010) for the State budget.

The V1000 ranking list is built based on investigation result, analysis and independent data verification of Vietnam Report. Information and data of ranked enterprises are referred from database of VNR500 – Top 500 biggest enterprises in Vietnam; database system of over 250,000 Vietnamese enterprises nationwide of Vietnam Report (VNR Biz Database), data of 2 security floors HOSE and HNX, and especially from over 3000 profiles of enterprises sent to the Organization board to verify and cross check on the basis of ensuring subjectivity of methodology complying with international standards of similar raking list in the world.

Through the V1000 raking list 2011, there are some primary results that have been acknowledged as follows:

First, regarding the fluctuation rate, there are about 16.3% of new enterprises appeared in the ranking list of 2011. Among these new enterprises, state-owned and private ones account for 42.9% and 31.3% respectively. Those in FDI section make up about 25.8%.

Second, SOE (state-owned enterprises) holds the leading role in paying CIT (corporation income tax). Top the ranking are 10 SOE enterprises with the tax contribution doubled against previous year (from VND 25,772 billion in 2010 up to VND 64,847 billion in 2011). Similarly, in correlation of contribution between SOE section with other sections, there is an increase of 2% compared to last year’s raking list (from 55.4% up to 57.29%)

cong bo giai thuong top 1000 doanh nghiep 2011

Third, V1000 this year also marks a strong breakthrough of FDI enterprise because their tax contribution has doubled from VND 19,842 billion up to VND 38,914 billion) which increases tax contribution of FDI enterprises section up to about over 1%, from 23.52% (in the ranking list 2010) up to 24.92%. However, contribution of private sector slightly decreases from 20.62% down to 17.80%, showing that private enterprises are easily affected when the business environment changes towards disadvantage trend and this poses a big question about ability of leadership, management and company administration of Vietnamese entrepreneurs.

Fourth, Top 100 CIT-paid enterprises in V1000 list seize 72.42% of the tax amount received from 1000 enterprises in the list. And Top first 200 enterprises hold 81.86% of total tax in the raking list. So, once again, the rule of 80/20 in business has been proved in the raking list of Top 1000 CIT-paid enterprises in Vietnam.

As one of many enterprises actively paying CIT for the State budget, Cai Lan Oils & Fats Industries Company Ltd is honored to be listed and ranked 128/1000 in V1000 raking list – Top 1000 Tax Contributors in Vietnam 2011. In the foodstuff industry, rankings of some companies are as follow: Vinamilk (ranked 22), Unilever (ranked 29), Acecook (ranked 100), Ajinomoto (ranked 143), Tường An (ranked 325).

(Source: http://v1000.vn)


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