In 2024, CafeF announced a recognition system for companies contributing significantly to the budget, including the PRIVATE 100 list for private enterprises. The Top 20 real estate companies contributed over 63.2 trillion VND, a 60% increase from the previous year, with Vinhomes leading at 40.142 trillion VND, followed by Nam Long and BIM Group. Revenue from real estate increased by 29% in Hanoi, including major projects like Vinhomes Royal Island and InterContinental Halong Bay Resort. Revenue from land plays an important role, accounting for 17.5% of total domestic revenue.
Besides large developers like Vinhomes and BIM Group, the list also includes emerging companies involved in significant projects in localities like Nghe An and Thu Thiem. Companies such as Vinaconex and FECON made the list due to significantly increased land tax contributions. Revenue from land is projected to continue increasing in 2025, significantly supporting local government budgets.
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