Ho Chi Minh City businesses owe taxes: A worrying situation

Ho Chi Minh City Tax Department has just announced a list of 105 enterprises with tax debts as of June 2025. Notably, the total tax debt of these enterprises has exceeded 4,700 billion VND. Most of them are real estate companies.

Ho Chi Minh City businesses owe taxes: Most are real estate

Topping the list is Thuan Viet Construction and Trading Company Limited with a huge debt of more than VND 3,239 billion, accounting for nearly 70% of the total debt of the entire list.

Following are a series of familiar names in the real estate industry such as Phu My Development Investment Joint Stock Company (debt of over 169.9 billion VND), MSB Real Estate Company Limited (over 108 billion VND), 584 Traffic Construction and Exploitation Investment Joint Stock Company (over 97.9 billion VND), Truong Thinh Phat Real Estate Construction Investment Joint Stock Company (over 96.39 billion VND), Saigon Tower Joint Stock Company (over 86.1 billion VND)...

In addition, names such as Thanh Nien Tower Real Estate or Thu Duc Housing Development also appear on the debt list with amounts of 4.4 billion and 4.3 billion VND respectively.

There will be measures against tax-indebted businesses in Ho Chi Minh City.

Not stopping at large enterprises, local tax units in Ho Chi Minh City also simultaneously announced the list of individuals and organizations with tax debts in the area. Local Tax Unit 1 alone listed 679 taxpayers with a total debt of more than VND2,125 billion. Local Tax Unit 7 (in charge of Tan My, Tan Hung, Tan Thuan, Phu Thuan wards) said that there were 594 people with tax debts of more than VND353 billion. Nha Be and Hiep Phuoc areas recorded 161 more people with tax debts of more than VND51 billion.

Although the Ho Chi Minh City Tax Department collected more than VND48,400 billion in the first 6 months of 2025, including nearly VND9,000 billion from old debts and more than VND39,000 billion from debts arising this year, the outstanding debt figure is still very worrying. In particular, many enterprises with large tax debts are in a state of "prolonged procrastination", causing difficulties in debt collection and creating a burden on the public financial system.

Faced with this situation, Ho Chi Minh City Tax Department affirms that it will implement strong measures in the last months of the year. The list of taxpayers will continue to be carefully reviewed, and appropriate recovery measures will be applied to each specific case, including urging and enforcement.

At the same time, the tax authority will also step up information disclosure, coordinate with the police, banks, market management, immigration... to thoroughly handle cases of intentional non-fulfillment of tax obligations. Even temporary suspension of exit for violators will be applied in accordance with regulations.

Source: https://nld.com.vn/mot-doanh-nghiep-tai-tp-hcm-no-thue-den-hon-3200-ti-dong-196250808130351054.htm