Sơn Hải Riverside owes over 53.7 billion VND in taxes
Quang Binh Province has recently disclosed a list of 42 entities that still owe taxes and other fees amounting to 769 billion VND. Topping the list is FLC Group Joint Stock Company, which owes nearly 278 billion VND.
On March 4th, Quang Binh Province Tax Department announced the list of 42 entities that still owe taxes and other fees to the state budget, totaling 769 billion VND.
At the top of the list is FLC Group Joint Stock Company with an outstanding debt of nearly 278 billion VND. The second is Linh Thanh Quang Binh High-Quality Stone Production and Exploitation Joint Stock Company with a debt of over 134.6 billion VND.
Notably, the list also includes Son Hai Riverside Company Limited with a debt of over 53.7 billion VND.
In March last year, Nguoi Lao Dong newspaper reported that Son Hai Riverside was subjected to tax enforcement. According to the report, Son Hai Riverside Company Limited was enforced to pay taxes, with a total amount of over 51 billion VND, including a one-time land lease fee of 50.77 billion VND and late payment fees of over 624 million VND.
The Quang Binh Province Tax Department has requested the Vietnam Joint Stock Commercial Bank for Investment and Development of Vietnam – Quang Binh Branch to deduct money from Son Hai Riverside Company Limited’s account to pay off the tax debt.
Son Hai Riverside Company Limited is an enterprise that was approved by Quang Binh Province to invest in the Nam Cau Dai Urban Area project in Phu Hai Ward, Dong Hoi City. The project has a total investment of 2.2 trillion VND, with a land area of 434,680 square meters.
Photo: Business Forum
Regarding the Nam Cau Dai Urban Area project, in 2021, Quang Binh Provincial People’s Committee decided to change the purpose of using 5,748.5 square meters of land in Phu Hai Ward, Dong Hoi City from agricultural land to non-agricultural land (urban land, transportation land, irrigation land) and assigned it to Son Hai Group Limited Liability Company for implementing the Nam Cau Dai Urban Area project.
The Quang Binh Provincial People’s Committee assigned the Department of Construction to implement the contents of the project implementation contract between the Department of Construction and Son Hai Group Limited Liability Company (investor) and Son Hai Riverside Company Limited (project enterprise).
The leaders of Quang Binh Province also requested Son Hai Group Limited Liability Company to complete environmental protection procedures before implementing the project and fulfill all financial obligations related to land.
A road by Son Hai Group with a 10-year warranty sign
Son Hai Riverside Company Limited was established on February 7, 2020, with its primary business being real estate business and a charter capital of 330 billion VND. The initial legal representative was Director Nguyen Quang Kinh, born in 1933 (87 years old in 2020).
Son Hai Riverside Company Limited has its registered business address at 117 Huu Nghi Street, Nam Ly Ward, Dong Hoi City, Quang Binh Province. Currently, the legal representative of the company is Mr. Nguyen Manh Hung (born in 1984).
On June 6, 2022, Mr. Le Thanh Huong became the authorized person, representing the contributed capital of 330 billion VND in Son Hai Riverside Company Limited. Mr. Le Thanh Huong is also one of the six legal representatives of Son Hai Group Limited Liability Company.
Son Hai Group Limited Liability Company has recently become famous for its projects with a 5-10 year warranty sign and has received praise from participants in traffic.
In addition to road construction, Son Hai Group also participates in a series of hydropower and real estate projects. The company stated that in the real estate sector, Son Hai has a real estate project called Nam Cau Dai Urban Area, with an area of over 40 hectares, including 141 villas, 420 townhouses, and mixed-use residential and commercial buildings, with a total investment of over 5,000 billion VND.
Chairman of Son Hai Group – Mr. Nguyen Viet Hai
Before the upcoming new year of the Giap Thin zodiac sign in 2024, the Chairman of Son Hai Group – Mr. Nguyen Viet Hai shared with all employees the seemingly simple but happy numbers of a businessman – a leader, which are: No insurance debts, no tax debts, no bonus debts, no overdue bank debts.
“It may sound simple, but the process is extremely difficult, and those are the results, sweat, tears, and intelligence of the collective and the leaders of Son Hai Group,” Mr. Nguyen Viet Hai said.
