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79 Employees

  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Tax paid


  • Tax accrued


  • Tangible assets


  • Stated capital


  • Accumulated earnings


Main business activities

  • Downstream

Shell’s footprint

Shell Vietnam Ltd was established in 1995 and has sales and marketing operations, and lubricants production activities. Shell in Vietnam also has a network of third parties that distribute its products.

Country financial analysis

The statutory corporate income tax rate in Vietnam is 20%. Tax is paid on a quarterly basis and during the finalisation of the financial year the taxes paid are reconciled. The tax accrued figure of $2.2 million relates to provisional tax for 2021 payable in 2022. The tax paid comprises three instalments for 2021, and the fourth instalment and final payments for 2020.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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