NSRP rises to 7th place among Vietnam’s top 200 tax contributors

Nghi Son Refinery and Petrochemical LLC (NSRP) has achieved a remarkable milestone, rising to 7^th place in the VNTAX 200 ranking for 2025, recognizing Vietnam’s top 200 tax-contributing enterprises, compiled by Cafef.

NSRP

This recognition follows NSRP’s record-breaking contribution of over USD 996 million (equivalent to VND 24,700 billion) to the national budget in 2024, underscoring its vital role in the country’s economic landscape. This is the second consecutive year NSRP has been honored, following its 10^th place in 2023 with contributions of USD 820 million (about VND 20 trillion).

A pillar of national progress

The VNTAX 200 celebrates enterprises that fuel Vietnam’s development through substantial fiscal contributions. In 2025, the total tax revenue from the top 200 companies reached VND 794 trillion, with the top 100 accounting for over 90% of that figure. NSRP’s strong presence in the Top 10 reflects its strategic importance as a cornerstone of Vietnam’s energy security and industrial growth.

Exceptional performance in 2025

By optimizing its operations, NSRP produced over 7.57 million tons of products in the first three quarters of 2025, including 6.35 million tons of refining products, generating around VND 140 trillion in revenue. Notably, NSRP contributed over VND 17 trillion to Thanh Hoa province’s budget, reinforcing NSRP’s role as a key regional economic driver.

Mr. Kazutaka Yamato, General Director of NSRP, shared: “We are honored to be recognized among Vietnam’s top tax-contributing enterprises. This achievement reflects the dedication of our employees, the trust of the Government, and the support of our stakeholders. We have been focusing on enhancing our operational excellence, and NSRP will continue to operate safely, efficiently, and sustainably, while making lasting contributions to Vietnam’s economic growth and energy security.”

Driving toward a sustainable future

Looking ahead, NSRP is targeting production of around 2.4 million tons in Q4 2025, with an estimated full-year tax contribution of over VND 23 trillion. The company continues to maximize efficiency and operational performance to meet rising market demands and align with national energy goals.

This milestone not only highlights NSRP’s fiscal strength but also cements its role in shaping a secure, sustainable, and prosperous energy future for Vietnam.