A real estate company in Ho Chi Minh City owes more than 3,239 billion VND in taxes.

A business with huge tax debt

Topping the list of tax debts is Thuan Viet Construction - Trading Company Limited with a debt of more than 3,239 billion VND. This is also a fairly famous company in the real estate sector in Ho Chi Minh City with the New City project in Thu Thiem.

Ranked second is Phu My Investment and Development Corporation with a tax debt of nearly 170 billion VND. Next is MSB Real Estate LLC with a debt of more than 108 billion VND.

The group of enterprises with debts from 40 billion to under 100 billion includes many companies such as: 584 Traffic Construction and Exploitation Investment Joint Stock Company owes more than 97 billion, Truong Thinh Phat Real Estate Construction Investment Joint Stock Company owes more than 96 billion VND. Saigon Education Joint Stock Company owes more than 85 billion VND. Dat Phuong Nam Construction and Trading Joint Stock Company owes more than 76 billion VND.

Many other businesses owe from 20 billion to under 40 billion such as Saigon Post and Telecommunications Services Joint Stock Company, HKT Investment Joint Stock Company; Saigon Leather Joint Stock Company, Binh An - Vinabomi Flour Joint Stock Company, Construction Joint Stock Company 585.

Saigon One Tower Joint Stock Company owes more than VND86 billion. Saigon One Tower Joint Stock Company, formerly Saigon M&C Real Estate Joint Stock Company, is the initial investor of Saigon One Tower building with a total investment capital of about VND5,000 billion. The project started in 2008, located on a prime land area of more than ^6,600m2 at the corner of Ham Nghi - Ton Duc Thang - Vo Van Kiet streets.

1,674 cases of temporary suspension of exit due to tax debt

Previously, the Ho Chi Minh City Tax Department said that in the first 6 months of the year, it had implemented synchronous measures to urge debt collection and resolutely enforce tax debt collection, assigning tasks and assigning responsibility for debt collection to each civil servant.

The total tax debt that Ho Chi Minh City is managing is 64,655 billion VND, accounting for 16.61% of the total estimated state budget revenue in 2025.

Of which, the total tax and fee debt is 23,916 billion VND, accounting for 6.14% of the 2025 revenue estimate, an increase of 15.65% compared to December 31, 2024 and an increase of 5.21% over the same period.

As of June 30, the tax authority has announced temporary exit suspension for 1,674 cases, with tax debt of VND1,301 billion. The amount collected after applying temporary exit suspension measures is VND233 billion.

Of which, 940 cases of taxpayers abandoning their business addresses were temporarily suspended, with tax debt of 495.2 billion VND.