The Hanoi Social Insurance (HSI) recently published a list of 25,499 employers delinquent in contributing to social insurance, health insurance, unemployment insurance, and occupational accident and disease insurance for two months or more (data as of September 30, 2025, sourced from C12-TS on October 5, 2025).
Topping the list is a familiar name, Apax English Corporation, located at 149 Trung Kinh, Yen Hoa Ward, Hanoi, with 68 months of arrears totaling nearly VND 63.4 billion.
In second place is LILAMA3 Corporation (86 Tan Xuan Road, Xuan Dinh Ward, Hanoi), owing 69 months of insurance contributions, amounting to nearly VND 48.7 billion.
Many other companies on the list have substantial debts, some reaching tens of billions of VND, while others have been delinquent for years.
Among the delinquent companies in Hanoi is Intracom, officially known as Infrastructure and Traffic Construction Investment Joint Stock Company (24th Floor, Intracom Tower, 33 Cau Dien, Xuan Phuong Ward, Hanoi), with five months of arrears totaling VND 1,434,033,072.
Intracom is closely associated with entrepreneur Nguyen Thanh Viet, also known as Shark Viet from his role as an investor on Shark Tank Vietnam.
Originally a state-owned enterprise under Handico, Intracom was established as the Urban Traffic Infrastructure Construction Investment Company. It underwent privatization in 2006.
As of September 2022, its chartered capital was VND 2,950 billion, with an undisclosed shareholder structure.
In the latest update (August 27, 2025), Phan Thu Thao (born 1995) replaced Nguyen Thanh Viet as CEO and legal representative.
Intracom Harmony Residential Project. Image: Intracom
Intracom operates across multiple sectors, including real estate, healthcare, and hydropower.
In real estate, Intracom has developed several prominent projects in Hanoi, such as Intracom Cau Dien, Intracom Riverside, and Intracom Trung Van.
In healthcare, Intracom invested in the Phuong Dong Medical Complex (10 hectares in Hanoi), including Phuong Dong General Hospital with over 1,000 beds.
The complex also features Phuong Dong Asahi Elderly Care Center (VND 800 billion investment, 7,000 m²), Phuong Dong High-Tech Cancer Hospital (30,000 m², 2 basements, 15 floors, 250 beds), and more.
Intracom is also known for major hydropower projects like Nam Pung, Ta Loi 1-2-3 (Lao Cai), and Cam Thuy 1 (Thanh Hoa), with total investments in the trillions of VND.
The corporation also invests in wind, biomass, solar, and waste-to-energy projects, promoting environmentally friendly energy sources.
Intracom Trung Van: Shark Viet’s Extended Project
The Intracom Trung Van project, developed by Shark Nguyen Thanh Viet’s Intracom Group, has completed the construction of high-rise and low-rise residential areas. However, the public utilities are yet to be finished. This project is among those granted a 24-month land use extension by the People’s Committee due to delays.
Free Health Insurance for People over 70 in Hanoi
From January 1, 2024 until December 31, 2025, all elderly citizens in Hanoi, aged 70 to under 80, will receive 100% support for their health insurance (BHYT) contribution. This is in line with our special policy to ensure the well-being of our senior population.
