The PRIVATE 100 list, which honors the largest private corporate contributors to Vietnam's state budget for the 2024 fiscal year, has been officially announced, according to a report from the Government News.

The 100 leading private enterprises on the list contributed a total of VND244.4 trillion (approximately $9.295 billion) to the state budget in 2024, an increase of more than VND70 trillion (over $2.66 billion) compared to the previous year.

The top 10 private enterprises alone contributed a combined amount of nearly VND148 trillion (nearly $5.63 billion), a 36% increase from the nearly VND109 trillion (over $4.145 billion) they contributed the year before.

The top half of the list now includes 48 companies that each contributed over VND1 trillion (more than $38 million) , a significant rise from only 30 companies in the prior year's ranking.

This reflects the growing strength of the private economic sector.

In 2024, the private sector accounted for 53.4% of total social investment capital and 82.07% of the total labor force in the economy. It also contributed 38.6% of the total pre-tax profits and generated 51% of the total income for employees within the corporate sector.

The private sector's contribution to the national GDP was 43%, and it was responsible for 57% of the GDP growth in 2024, the largest contribution among all economic sectors.

The Politburo’s Resolution 68-NQ/TW sets the goal by 2030 to have two million active enterprises in the economy (equivalent to 20 enterprises per 1,000 people).

The private sector is targeted to contribute approximately 55-58% of the GDP and 35-40% of total state budget revenue. It is also expected to create jobs for 84-85% of the labor force, achieve an average labor productivity increase of 8.5-9.5% per year, and have at least 20 large private enterprises participating in global value chains.