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Hanoi giants rack up huge tax arrears

Released at: 17:53, 06/07/2015

Hanoi giants rack up huge tax arrears

Large construction and real estate companies in Hanoi account for majority of $56.5 million in unpaid taxes.

by Thu Hoang

The Hanoi Department of Taxation has revealed a list of 23 companies in the capital with tax arrears totaling VND1.2 trillion ($56.5 million) as at May 31. Most operate in the construction and real estate sector.

The Song Da-Thang Long JSC topped the list with tax arrears of nearly VND375.2 billion ($17.2 million), followed by the Viglacera Hanoi JSC with VND88.08 billion ($4 million), the Cavico Bridge & Tunnel JSC with VND80.48 billion ($3.69 million), and the Song Da 9.06 JSC with VND68 billion ($3.1 million).

According to the department, although local authorities have cooperated with it in adopting measures to support enterprises to overcome their difficulties, some enterprises in the capital are still recording modest business performance and many have had tax arrears for long periods of time.

The department will propose authorities create supporting mechanisms and policies and classify the tax arrears so as to make collection more effective.

Enterprises in Hanoi's construction and real estate sector with tax arrears

 

Company

Tax arrears 

1

Song Da-Thang Long JSC

$17.2 million

2

Viglacera Hanoi JSC

$4 million

3

Cavico Bridge & Tunnel JSC

$3.69 million

4

Song Da 9.06 JSC

$3.1 million

5

Cavico HydroPower JSC

$2.5 million

6

Viglacera Mechanical and Construction JSC

$2.3 million

7

Civil Engineering Construction Corporation No.118 (Momota)

$2 million

8

Viglacera Infrastructure And Urban Investment Company (under Viglacera Corporation)

$1.8 million

9

Vietnam Investment Promoting Technics & Construction JSC

$1.76 million

10

Energy Construction JSC

$1.74 million

11

Coma 18 JSC

$1.6 million

12

Coma 1 (branch of Construction Machinery Corporation)

$1.57 million

 

Source: Hanoi Department of Taxation

  • TAGS
  • Hanoi Tax Department
  • revealed
  • 23 companies
  • construction
  • real estate
  • companies
  • debt tax

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