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Vietnam Today

600 enterprises have major tax arrears

Released at: 22:48, 23/07/2015

600 enterprises have major tax arrears

MoF releases list of enterprises nationwide that have failed to fulfill their tax obligations.

by Quynh Nguyen

The Ministry of Finance (MoF) has announced it will apply coercive measures such as freezing bank accounts and voiding bills exchanged with business partners.

The announcement was made after MoF released a list of 600 enterprises nationwide with major tax arrears, totaling more than VND12.6 trillion ($579.6 million). It plans to adopt a number of measures to force enterprises to meet their obligations.

Hanoi topped the list, with 200 enterprises owing up to VND4.67 trillion ($214.8 million), followed by Ho Chi Minh City, with around 200 enterprises owing VND3.5 trillion ($161 million).

The two cities account for 65 per cent of tax arrears. Can Tho, Binh Duong, Long An, Soc Trang, Vung Tau, and Binh Thuan provinces had enterprises with tax arrears exceeding VND200 billion ($9.2 million) in total.

Cities / provinces with largest tax debts

City / Province Total tax debt City / Province Total tax debt
Hanoi $214.8 million Thanh Hoa $4.72 million
Ho Chi Minh City $161 million Quang Binh $4.68 million
Can Tho $18.4 million Nam Dinh $4,47 million
Binh Duong $5.27 million Khanh Hoa $4.5 million
Long An $13.2 million Da Nang $4.07 million
Soc Trang $12 million Thai Binh $3.93 million
Vung Tau $11.27 million Bac Giang $3.92 million
Binh Thuan $10.07 million Binh Dinh $3.69 million
Nghe An $6.16 million Phu Tho $3.4 million
Hung Yen $5.9 million Hai Phong $3.15 million
Dong Nai $5.7 million Gia Lai $2.9 million
Thai Nguyen $5.65 million Quang Ninh $2.86 million
Son La $5.56 million Lao Cai $2.79 million
Hai Duong $4.83 million Ha Giang $2.76 million
Vinh Long $4.83 million Kon Tum $2.55 million

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