Halt on Departure for Metropolis Project ‘Billion-Dollar’ Owners

N.V.Q., chairman of the board of Hoang Mai Urban Development Investment Corporation, has been temporarily banned from leaving the country due to tax arrears. Hoang Mai is known to be the investor of urban area projects in Hoa Binh and Hanoi and currently owes hundreds of billions of VND in taxes.

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According to the General Department of Taxation, Mr. N.V.Q, Chairman of the Board of Directors of Hoang Mai Urban Development Investment Joint Stock Company (Hoang Mai Company), residing at PG02-Vincom, Cu Chinh Lan Street, Dong Tien Ward, Hoa Binh City is subject to a temporary exit ban.

The reason for the temporary exit ban is that Hoang Mai Company is implementing an administrative decision on tax management.

Hoang Van Thu New Urban Area Project (Louis City Hoang Mai) owes nearly VND 700 billion in taxes.

According to information from the Hoa Binh Tax Department, as of February 29, Hoang Mai Company owes nearly VND 419 billion in taxes.

Meanwhile, in Hanoi, Hoang Mai Company is known as the investor of the Hoang Van Thu New Urban Area project (Hoang Mai district) with an investment capital of over VND 2,400 billion. In this project, the investor owes nearly VND 700 billion in taxes.

As Tien Phong reported, recently, legal representatives of many enterprises that are investors of real estate projects in Hoa Binh, Quang Ninh, etc. have also been temporarily banned from exiting the country due to tax arrears.

Accordingly, Ms. L.H.L. – legal representative of Hoa Binh Petroleum Ecological Urban Company has just been temporarily banned from exiting the country. The reason is that Hoa Binh Petroleum Ecological Urban Company owes taxes.

It is known that as of March 27, 2024, Hoa Binh Petroleum Ecological Urban Company is at the top of the list of tax arrears, with an amount of nearly VND 1,046 billion. Hoa Binh Petroleum Ecological Urban Joint Stock Company is known as the investor of the Hoa Binh Petroleum High-class Housing Project (trade name La Saveur De Hoa Binh).

Quang Ninh Provincial Tax Department recently also announced a temporary exit ban on Ms. N.T.T., legal representative of Limitless World Company (Vietnam) Limited. The reason is that Limitless World Company has not fulfilled its tax obligations.

According to the list of tax arrears as of March 31, 2024, Limitless World Company (Vietnam) Limited owes more than VND 322 billion in taxes. Limitless World Company Vietnam Limited is known as the investor of the project to build a complex of commercial, tourism, and mixed-service facilities in the Ha Long Star Eco-tourism Zone.

At the same time, the Quang Ninh Provincial Tax Department has announced a temporary exit ban on Mr. V.D.L., legal representative of Viet My Ha Long MTV Co., Ltd. due to the act of not fulfilling tax obligations.

As of March 31, 2024, Viet My Ha Long Company owes more than VND 72 billion in taxes related to land use. Viet My Ha Long is the investor of the Project to build and trade infrastructure for the 368 Hill Villa Housing Area…