Recently, the Quang Tri Tax Department issued Decision No. 557/QĐ-QTR-KĐT regarding the enforcement of administrative decisions on tax management through the measure of deducting funds from the accounts of the coerced entities at the State Treasury and credit institutions.
Accordingly, the department has decided to enforce the deduction of funds from the account of Sai Gon Quang Binh Tourism Joint Stock Company, with the coerced amount being nearly 38.1 billion VND.
The reason for the coercion is that the enterprise has tax arrears exceeding 90 days from the deadline for payment as stipulated.
The Quang Tri Tax Department has requested the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to deduct funds from the account of Sai Gon Quang Binh Tourism to deposit into account number 7111 at the State Treasury of Zone XII – Business Department 2.
Sai Gon – Bao Ninh Eco-Tourism Project
This decision takes effect within 30 days, from September 15, 2025, to October 14, 2025.
Sai Gon Quang Binh Tourism Joint Stock Company was established on September 16, 2004, with its main business activities in the hotel sector. Its headquarters is located at 20, Quach Xuan Ky Street, Dong Hoi Ward, Quang Tri Province.
According to the latest business registration change announcement on September 20, 2025, the Director and Legal Representative of Sai Gon Quang Binh Tourism is Mr. Ho Le Thanh Quang (born in 1978).
It is known that Sai Gon Quang Binh Tourism is an affiliate of Ben Thanh Trading – Service – Production One Member LLC (Ben Thanh Group).
In the second-quarter financial report of 2025 from Ben Thanh Group, the company has a long-term investment in Sai Gon Quang Binh Tourism amounting to 13 billion VND, equivalent to a 20% ownership stake (as of June 30, 2025).
Ben Thanh Group is a state-owned enterprise established on August 18, 2010, with its main business sectors including services, trade, and logistics. Its headquarters is located at 27 Nguyen Trung Truc Street, Ben Thanh Ward, Ho Chi Minh City.
As of November 19, 2015, Ben Thanh Group increased its charter capital from over 1,707 billion VND to over 1,936 billion VND, with 100% of the capital sourced from the state budget.
The latest update on November 13, 2024, indicates that the Chairman of the Members’ Council and Legal Representative of Ben Thanh Group is Mr. Phan Van Quang (born in 1965).
Returning to Sai Gon Quang Binh Tourism, the company is known as the investor of the Sai Gon – Bao Ninh Eco-Tourism Project, located on Bao Ninh Peninsula, Dong Hoi Ward, Quang Tri Province.
This project was first granted an investment certificate by the People’s Committee of Quang Binh Province (formerly) in 2009 and received its second adjustment certificate in 2019.
The project covers an area of 4.25 hectares, with a total adjusted investment capital of 425 billion VND. Despite being granted an investment certificate over 15 years ago, the project has faced significant delays, with only the rough construction of the hotel building (12 out of 19 floors) completed to date. The estimated completed project value is approximately 150 billion VND.
Previously, after being reminded and urged by the authorities of Quang Binh Province (formerly), Sai Gon Quang Binh Tourism committed to completing the rough construction of the hotel project by the end of August 2020. However, the investor failed to fulfill this commitment.
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