In 2016, the enterprise sector contributed VND962.2 trillion (US$42.3 billion) to the State budget, an average annual increase of 14.8 per cent in the period of 2010 - 2016.
Despite earning the lowest before-tax profit among all economic components, non-State-owned enterprises in 2016 contributed the highest amount of VND434.7 trillion (US$19.1 billion) to the State budget, a 17 per cent average annual increase in the 2010 – 2016 period.
State-owned enterprises in 2016 contributed VND277.3 trillion (US$12.2 billion) in taxes, an average annual increase of 10.4 per cent.
Meanwhile, FDI enterprises made the lowest contribution of VND250.9 trillion (US$11 billion) to the State budget in 2016, an average increase of 16.9 p.a. although they obtained the highest before-tax profit among all economic components.
Based on the economic sector, the service sector and the industrial and construction sector are those contributing VND498.3 trillion (US$21.9 billion) and VND462.1 trillion (US$20.3 billion) respectively to the State budget in 2016.
The total before-tax profit of the enterprise sector in 2016 reached over VND 712.9 trillion (US$31.4 billion). Specifically, the industrial and construction enterprises generated VND447.1 trillion (US$19.7 billion), an average annual increase of 14.7 per cent in the 2010-2016 period. Service sector attained VND261 trillion (US$11.5 billion), a 9.6 average annual increase.
Meanwhile, agricultural, forestry and fishery enterprises in 2016 recorded VND4.8 trillion (US$211.8 million), an average annual decrease of 10.9 per cent.
Based on the economic components, in 2016, FDI enterprises achieved VND327.4 trillion (US$14.4 billion) in before-tax profit (accounting for 45.9 per cent of the total before-tax profit of enterprise sector), increasing by an average 17.3 per cent p.a. in the period of 2010-2016.
Non-State-owned enterprises generated VND188.1 trillion (US$8.3 billion) (amounting to 26.4 per cent) in 2016, an annual average increase of 8.4 per cent.State-owned enterprises received VND197.4 trillion (US$8.7 billion) (equivalent to 27.7