Hanoi names tax-owing firms

More than 900 firms in Hanoi that owe hundreds of billions of VND in taxes have been publicly named by the city Department of Taxation.

More than 900 firms in Hanoi that owe hundreds of billions of VND in taxes have been publicly named by the city Department of Taxation.

  

Hanoi Department of Taxation

As of May 31, a total of 961 firms owed VND397.2bn (USD17m) in taxes, of which VND42.1bn of 165 firms has been classified as bad debts. 17 firms owed VND94.3bn in financial obligations related to land. 734 firms owed VND260.9bn in various tax arrears.

The Telecommunication Technique Solutions JSC owned nearly VND9bn (USD389,500) and Thuy Linh Entertainment Company owed VND5bn in bad debts. TDC Construction and Investment JSC owned VND3bn and the Thang Long One Thousand Years Ecological JSC owed VND2.6bn.

Hanoi Department of Taxation said besides firms that owed several millions of VND, the majority of the debts are owed by 17 firms in the area.

Some of them are the Elenco Electrical Technical Company who owed VND44bn (USD1.9m) in financial obligations related to lands. Thang Long Company owned VND12 and Minh Xuan Company owed VND5.6bn in land taxes.

Other firms that are slow in paying taxes are SIC JSC with VND28bn (USD1.2m) in tax arrears and Long Viet Construction Investment JSC owed VND18.7bn in tax arrears.