On December 26th, the Ho Chi Minh City Tax Department announced the public disclosure of 4,233 businesses owing taxes and other state budget revenues, totaling nearly VND 14,370 billion as of November.
Among the tax debtors are several companies affiliated with major real estate players in the Southern region, including Novaland, Dat Xanh, Thuduc House, Housing Development and Trading JSC, and Kim Oanh Group.
Ho Chi Minh City Tax Department publicly lists tax-owing businesses in the city.
Leading the list is Vung Tau Paradise Joint Venture Company, operating in real estate and tourism, with a tax debt exceeding VND 2,066 billion. Following closely is Xuyen Viet Oil Trading, Transportation, and Tourism LLC, with nearly VND 1,830 billion in outstanding taxes.
Another real estate firm, Golden Hill Investment JSC, owes nearly VND 1,570 billion in taxes. The top three positions, each with debts surpassing VND 1 trillion, underscore the severity of prolonged tax arrears.
Numerous businesses with massive tax debts face scrutiny.
Further down the list of major tax debtors are additional real estate companies, many linked to Southern property giants such as Novaland, Dat Xanh, Thuduc House, Housing Development and Trading JSC, and Kim Oanh Group.
Specifically, Housing Development and Trading JSC owes VND 850 billion, Ho Chi Minh City Plant Company LTD owes VND 353 billion, MTX Production-Import-Export-Agriculture Development Tourism owes over VND 270 billion, BKVN Trading-Consulting-Investment-Construction JSC owes nearly VND 250 billion, The Porest City LLC owes over VND 190 billion, Saigon Seafood Import-Export Corporation’s branch owes over VND 178 billion, and Phu My Development Investment JSC owes nearly VND 170 billion.
Additionally, numerous other real estate firms owe taxes ranging from tens to over a hundred billion dong.
“Small Business Faces Severe Penalties After Unintentionally Trading with a ‘Ghost’ Company: What Does the Ho Chi Minh City Tax Authority Say?”
The head of Ho Chi Minh City’s Tax Department emphasizes that businesses must proactively verify partner information when engaging in transactions to mitigate legal risks.
Essential Tax Transition Guide for Small Business Owners
Empower your business with seamless tax compliance. As a sole proprietorship, you can now take control by self-registering, declaring inventory, and opening a dedicated account when transitioning to revenue-based tax filing. Simplify your financial management and stay ahead with ease.
Urgent Tax Notice from Ho Chi Minh City Authorities to Local Businesses and Residents
The Ho Chi Minh City Tax Department has officially announced a temporary suspension of all document submission and in-person services at its main office on December 13, 2025.
Urgent Notice from Ho Chi Minh City Tax Department: Residents, Please Take Note!
The Ho Chi Minh City Tax Department has issued an urgent notice regarding the temporary suspension of in-person services and direct document submissions from taxpayers at their office located at 63 Vu Tong Phan Street, Binh Trung Ward, Thu Duc City, on Saturday, December 13, 2025.
Urgent Tax Notice from Ho Chi Minh City Authorities
The Ho Chi Minh City Tax Department, located at 63 Vu Tong Phan, Binh Trung Ward, has issued an urgent announcement to all individuals, businesses, and enterprises operating within the city.
