Featured in Three Prestigious Lists of Vietnam’s Largest Tax-Contributing Enterprises in 2024 – VIMID Affirms Transparency, Responsibility, and the Aspiration for a Strong and Prosperous Vietnam

CafeF recently published the PRIVATE 100 ranking – the Top 100 private enterprises contributing the largest budgets in Vietnam in 2024, in which Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) impressively secured the 64th position among the nation’s leading companies. VIMID also made its mark by appearing simultaneously in VNTAX 200 – Leading Group (Top 200 enterprises contributing the largest budgets in Vietnam, including state-owned, private, FDI, and joint ventures) and, notably, in the Top 10 enterprises contributing the largest budgets in the distribution–retail sector in 2024. This clearly demonstrates VIMID’s significant financial contribution and outstanding growth momentum among private enterprises.

Contribution to the State Budget – A Measure of Strength and Social Responsibility

VIMID has been honored across the prestigious PRIVATE 100, VNTAX 200, and Top 10 distribution–retail enterprises’ lists, as recently announced by CafeF, recognizing enterprises’ key role, substantial contributions, and dedication to social responsibility. With a total tax contribution of nearly VND 600 billion in 2024, an increase of 82% compared to 2023, VIMID particularly stood out by ranking 64th in PRIVATE 100 (a list exclusively for private enterprises contributing VND 100 billion or more). This milestone affirms VIMID’s strong financial scale, exceptional growth rate, and transparency in operations.

VIMID’s full compliance with tax obligations and contributions amounting to thousands of billions of VND to the state budget serve as clear evidence of its important role in promoting economic development, while also reflecting the company’s corporate social responsibility toward the nation’s overall growth.

Being on the same list with major enterprises such as Masan Group JSC, Tasco JSC, Petrosetco, FPT Retail, VIMID has demonstrated remarkable breakthroughs, affirming its business achievements, showcasing its commitment to social responsibility, and reinforcing the pivotal role of private enterprises in Vietnam’s economy.

VIMID recorded remarkable growth in the first half of 2025

In 2024, VIMID recorded net revenue of VND 3,891 billion, marking a 71% increase compared to 2023, and pre-tax profit of VND 88 billion, a 306% increase over the previous year. Entering 2025, VIMID continued to demonstrate strong momentum: in just the first six months, cumulative revenue reached VND 3,214 billion, up 74% compared to the same period in 2024, completing 77% of the full-year target. Notably, pre-tax profit reached VND 101 billion, an increase of 305% year-on-year, exceeding 113% of the annual profit plan.

Being on the #64 position in the PRIVATE 100 – Top 100 Private Enterprises with the Largest Tax Contributions in Vietnam 2024, VIMID has shown steady progress within the private sector. Its tax contributions increased by 82% compared to the previous period, highlighting VIMID’s trajectory toward the leading group and its prominence among fast-growing private enterprises in tax obligations. This affirms the company’s expanding operational scale, solid financial foundation, and strong reputation, enhancing its position relative to peers in the industry.

This outstanding growth reflects the effectiveness of VIMID’s comprehensive development strategy, persistently pursued over the years. From expanding its ecosystem and enhancing product and service quality to researching and developing new product lines aligned with digital transformation and green logistics trends, VIMID continues to strengthen its competitive edge and sustainable growth in the market.

Vision and Long-Term Commitment

As a leading enterprise in the medium and heavy-duty truck segment, with a nationwide after-sales service ecosystem, VIMID is building a solid foundation to achieve new growth milestones. The company aims to maintain its TOP 1 market share in medium and heavy-duty trucks, TOP 3 market share among Vietnamese trucks for the 2021–2025 period, and by 2030, become a leading truck industrial group in Vietnam and the region, applying artificial intelligence, robotics, and clean energy technologies.

Alongside its growth strategy, VIMID is pioneering green transformation and embracing advanced technologies, aiming to provide comprehensive green transport solutions for the local market. Beyond offering next-gen products, the company focuses on developing a robust after-sales service chain, standardized service station ecosystem, and smart technology solutions, helping customers optimize operating costs and reduce emissions, thereby contributing to the nation’s sustainable development goals.

Being recognized in Private 100, VNTAX 200, and the Top 10 enterprises in the distribution – retail sector is both an honor and a source of pride for VIMID. It also reaffirms the company’s significant responsibility to accompany and contribute to national development. This achievement is a clear testament to VIMID’s transparency, credibility, and steadfast commitment to sustainable growth, actively contributing to building a prosperous and sustainable economy for Vietnam.