The Social Insurance Agency of Ho Chi Minh City has recently released a list of employers in the region who are delinquent in their social insurance contributions, with some owing more than three months’ worth of payments. As of October 31, 2024, there were 15,730 businesses in Ho Chi Minh City that were in arrears with their social insurance payments.
Among the delinquent companies is Quyen Linh Artists Company, which owes over VND 2.1 billion in unpaid social insurance contributions, accumulating over a period of five months.
Quyen Linh Artists Company Limited was established on August 23, 2018, with an initial chartered capital of VND 9.79 billion. The company’s primary business activities include the production of cosmetics, soap, detergents, polishes, and sanitary preparations. Additionally, they produce basic chemicals, provide motor vehicle leasing services, and offer packaging services, among other things.
According to the company’s founding registration, Ms. Nguyen Thi Van Anh, born in 1986, is the owner and also serves as the General Director and legal representative of the company.
As per the registration amendment dated September 6, 2018, the company employed a total of nine people and was subject to various taxes, including the business license tax, corporate income tax, fees, levies, import and export taxes, value-added tax, and others.
By February 20, 2020, the company’s chartered capital had increased to VND 20 billion, entirely from private sources. In late 2021, the capital was further raised to VND 60 billion, and on April 21, 2023, it was increased to VND 100 billion.
According to the latest business registration amendment dated June 12, 2024, the chartered capital of Quyen Linh Artists Company stands at VND 200 billion.
The company’s head office is located at 142B, Street No. 1, Song Giong Residential Area, Ward 2, An Phu, Thu Duc City, Ho Chi Minh City.
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“The financial powerhouse of Ho Chi Minh City, the State Financial Investment Company, is offering an unprecedented opportunity for select priority sectors. They are committed to supporting these sectors by providing a 100% interest rate subsidy on loans for eligible projects. This bold move underscores the city’s dedication to fostering growth and development in key areas.”
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