Up to 57,866 of 81,592 enterprises in Hanoi which have submitted their corporate income tax declarations reported losses in 2012.
More than 12,249 companies in Hanoi have halted operations so far this year. Among those, 420 dissolved; 5,273 halted their business activities and 6,556 disappeared without trace.
Since early this year, the city collected VND2.23 trillion (USD106 million) in taxes owed by 19,382 companies. The municipal Department of Taxation have worked with the police to deal with 111 local companies who still owe VND51.3 billion (USD2.44 million) in taxes.
By mid-December, Hanoi had collected VND121.26 trillion (USD5.76 billion) in taxes, fulfilling 82.9% of the year plan set by the city People’s Council.
