TOP-100 enterprises of 2018 ranked
EconomyUlaanbaatar/MONTSAME/.
On May 17, the MNCCI and the government of Mongolia co-organized the annual
ceremony of ranking the TOP-100 enterprises in Mongolia, in the State House. It
was the 18th edition by
alone and the fourth edition together with the government. Prime Minister Mr.
U.Khurelsukh attended the ceremony and congratulated the honored enterprises on
behalf of the government and on himself for being figureheads in the country’s
socio-economic development and at their areas.
“In collaboration with our business people and companies, the Mongolian government has been successfully
implementing goals for macro-economy and improvement of the investment
environment which are reflected in the Governmental Action Plan and in the
Program on Restoration of National Economy. The credit rating of Mongolia
improved last year, reaching B3 scale, and it creates a pleasant environment
for Mongolian commercial banks and companies to run their business.” The
PM said.
“According
to a preliminary performance of the Q12018, the Mongolian GDP growth reached
8.6 percent, which was the peak level over the last five years. As the head of
the cabinet, I would like to emphasize that contributions of the TOP-100
enterprises is increasing and I thank all the honoured enterprises for your
significant contributions.” he said.
Chairman
of the MNCCI Mr. O.Amartuvshin congratulated the top enterprises on behalf of
the MNCCI and its members, and then said they have been making up the largest
portion of the country’s tax income and being an engine of the national
economy.
“There
is no other way to accelerate the economic development and to beef up the PPP
except supporting these TOP-100 enterprises. In turn, the leading enterprises
have to back SMEs and expand markets. The TOP-100 enterprises make the tax
fundamentals stronger, while SMEs should keep and maximize workplaces.”
O.Amartuvshin said.
“The list of TOP-100 enterprises
for 2018 clearly shows that the size of sales income reached MNT 30 trillion,
increasing by MNT 5 trillion against 2017. It makes up 96 percent of the
Mongolian GDP. In addition, the size of tax paid by the top enterprises reached
MNT 4.1 trillion, increasing by 29 percent. It equals to a half of the total
tax revenue. By a classification of the enterprises, business action of the
mining industry and works of their suppliers considerably increased. From the
next year, indicators of the social responsibilities will be greatly considered
as the most important criteria to select top enterprises.” he said.
The
TOP-100 enterprises of 2018 were selected after a consideration of five major
criteria--annual income, tax paid to the governmental budget, the number of
insurance payers, the size of earnings and capital--based on official
statistical data collected from the Ministry of Finance, the General Department
of Taxation, the Customs Agency, the Social Insurance General Office, the
National Statistical Office, the General Authority for Intellectual Property
and State Registration and the Financial Regulatory
Commission.
source: mongolchamber.mn