According to the separate financial reports of the second quarter of 2024 of 28 commercial banks (27 listed banks along with Agribank), these banks contributed more than VND 30,800 billion to the State budget in corporate income tax in the first 6 months of this year, an increase of 8.82% over the same period last year.

In addition to corporate income tax, banks are also obliged to pay value added tax and other taxes, fees and charges.

In terms of corporate income tax (CIT), Vietcombank continues to hold the top position. The total CIT paid by this bank in the first 6 months of this year was VND4,016 billion, up 0.18% over the same period last year.

This is also the bank holding the top position in terms of pre-tax profit in the first 6 months of the year, with 20,835 billion VND, although it only increased slightly by 2% compared to the same period.

Ranked second in corporate income tax payment is another state-owned bank giant, BIDV, with VND2,945 billion, up 11.67%.

Agribank ranked 3rd with corporate income tax for the first 6 months of this year being 2,601 billion VND, down slightly by 1.05% over the same period.

Meanwhile, the remaining state-owned commercial bank, VietinBank, ranked 5th in the list of banks paying the highest corporate income tax in the first half of this year, with VND2,437 billion, up 4.43%.

In the middle of the Big 4 banking group is Techcombank, ranked 4th in the list of banks paying the largest corporate income tax in the entire system, with 2,528 billion VND in the first two quarters of this year. This contribution increased sharply by 36.88% compared to the same period last year. This figure is proportional to the 6-month profit increase of 39% (15,628 billion VND).

If only considering the private joint stock commercial banking sector, Techcombank holds the top position in the categories of highest corporate income tax payment and highest profit.

Notably, LPBank's tax contribution increased dramatically by 142% compared to the same period last year.

Although still in the Top 10, SHB's tax payable decreased by 28% compared to the same period last year. This is also one of the few banks that recorded a decrease in corporate income tax.

In addition, some banks also recorded a decrease in corporate income tax: VIB VND917 billion (down 18%), OCB VND442 billion (down 13.7%); ABBank VND112 billion (down 13%), PGBank VND53.66 billion (down 6.6%) and Saigonbank VND32.8 billion (down 7.7%).