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Suntory PepsiCo in the Top List of Largest Corporate Income Tax Payers for 5 Consecutive Years in Vietnam

 In December 2021, the General Department of Taxation issued the Official Dispatch No 46.29/TCT-KK announcing the list of V1,000 enterprises paying largest corporate income tax in 2020. Suntory PepsiCo Vietnam has continued in the Top 100 corporate income tax payers to the state budget over the period of 2016 -2020.


According to the General Department of Taxation, based on the tax payment data on the management information system, the General Department of Taxation has reviewed data of enterprises in the ranking based on specific, clear and transparent criteria.


According to statistics of the General Department of Taxation, the total amount of the corporate income tax paid by the enterprises in the list of 1,000 enterprises (V1.000) in 2020 is VND 145,934 billion, accounting for 62.4% of the total state budget revenue on corporate income tax, equal to 103.74% of the amount paid by enterprises in the V1,000 list in 2019.


This is the 5th year in a row that the General Department of Taxation has built a list of the 1,000 largest corporate income tax payers. After five (05) years of V1,000 announcements (2016-2020), there are 423 enterprises those have been selected for five (05) consecutive years in 2020, 2019, 2018, 2017 and 2016, in which topping the ranking is beverage company - Suntory PepsiCo. Suntory PepsiCo is currently ranked 34th out of 1000 enterprises that made largest corporate income tax payments in 2020.


With a sustainable business development strategy towards the general development of Vietnam's economy, Suntory PepsiCo's first corporate social duty is to fully comply with existing tax legislation.


The company has been following the slogan "In Vietnam - With Vietnam - For Vietnam" and continues to affirm its leading position in the beverage market with many prestigious awards.

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Suntory PepsiCo in Top 10 Sustainable Companies in Vietnam 2021 – According to VCCI & VBCSD


Suntory PepsiCo Vietnam has repeatedly received certificates of the Prime Minister, the Ministry of Finance, the General Department of Taxation and the People's Committees of the provinces and cities for its tax payment and tax policy compliance across nationwide to effectively contribute to the state budget, promote the development of local economy.


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Top 10 Most Prestigious Food and Beverage Companies in 2020 , September 2021 –

Source: Vietnam Report


In October of last year, the company was ranked number one among the "Top 10 most prestigious non-alcoholic beverage companies in Vietnam." This is also the fifth year in a row, from 2017 to 2021, the company is in the top according to the ranking of the Vietnam Report.


The company also always focuses on improving the health and quality of life for the community through contributing to “giving back to society” activities and towards sustainable development. Recently, Suntory PepsiCo has cooperated with the Vietnam Chamber of Commerce and Industry (VCCI) and the United States Agency for International Development (USAID) to officially sign a Memorandum of Understanding (MoU) to develop a Green Index.


Suntory PepsiCo is proud to be pioneer from a private-sector in accelerating Vietnam's economic growth toward sustainability


The Green Index is an initiative to encourage provincial and city governments to pay more attention to business development associated with environmental protection. The program will contribute to implement the Vietnamese government's strong commitment at the Climate Change Conference COP26.


In 2021, the company also accompanied with the Ho Chi Minh Communist Youth Union Central Committee to implement the program "Million trees for a green Vietnam". After five (05) months of launching, 30,000 new trees were planted in watershed forests in Quang Nam and Quang Ngai. It is expected that in the period of 2021 - 2025, the program will plant 1.2 million new trees and store 25 million m3 of rainwater.


30,000 new trees were planted in the watershed through the program Million trees - For a green Vietnam


Facing the complicated developments in the recent Covid-19 pandemic and the epidemic last year, the company has made a meaningful and timely contribution to the society. More than 1 million caring meals were distributed through the "Million meals" program to 63,500 people in need during the Covid-19 epidemic season and the people in the Central area affected by natural calamities.



At the peak of the COVID-19 pandemic, the company also donated 12.7 billion VND, including cash and nearly 2 million products to the frontline forces against the pandemic and many laptops for the disadvantaged children to continue learning online during the period of social distancing.


The program "Bring Tet home 2022" collaborated by the company and the Central Committee of the Ho Chi Minh Communist Youth Union and other agencies will give away more than 3,000 round-trip air tickets, cars, trains and meaningful gifts for students and workers away from home with difficult circumstances to return home to celebrate Tet.


The community supporting programs of Suntory PepsiCo have been providing practical assistance to people in tough situations in life so that "no one is left behind" under any circumstances.