Vung Tau Paradise Joint Venture Company tops the list of tax defaulters in Ho Chi Minh City with an outstanding tax debt of VND 2,066 billion.
The Ho Chi Minh City Tax Department has publicly disclosed information on 4,233 taxpayers with outstanding tax liabilities and other state budget-related dues as of November 2025, totaling VND 14,369.6 billion.
This disclosure is in accordance with the 2019 Tax Administration Law and Government Decree 126/2020/NĐ-CP.
Leading the list of tax defaulters is Vung Tau Paradise Joint Venture Company. This real estate firm owes over VND 2,066 billion in taxes.
Closely following is Xuyen Viet Oil Trading, Transportation, and Tourism Company Limited, with an outstanding tax debt of VND 1,828.6 billion.
In third place is another real estate company, Golden Hill Investment Corporation, with a tax debt of VND 1,568 billion.
The remaining positions in the Top 10 are dominated by companies operating in the real estate sector, including: Housing Development and Trading Corporation (HDTC) with VND 850 billion, Ho Chi Minh City Plant Company Limited (VND 353 billion), MTX Production – Import-Export Tourism Agricultural Development Company Limited (VND 270.5 billion), Vietnam Polytechnic Trade – Consulting – Investment – Construction Corporation (VND 249.2 billion), The Porest City Company Limited (VND 190.6 billion), Saigon Seafood Import-Export Corporation Branch (VND 178.4 billion), and Phu My Investment and Development Corporation (VND 169.9 billion).
Additionally, the list includes numerous other real estate companies with tax debts ranging from tens to over a hundred billion dong, such as: Tan Tao Investment and Industry Corporation (VND 146.3 billion), Nam Kim Industrial Construction Investment Corporation (VND 115.7 billion), Saigon One Tower Corporation (VND 112.4 billion), Phuc Dat Tourism and Hotel Company Limited (VND 105.7 billion), Thu Duc Housing Development Corporation (VND 86.6 billion), Kim Oanh Real Estate Services – Trading and Construction Corporation (VND 75.8 billion), BCG Land Corporation (VND 71.3 billion), and Ha An Real Estate Business Investment Corporation (VND 66.4 billion), among others.
The presence of numerous real estate companies on the list of major tax defaulters highlights the financial challenges still facing the property market, amidst slow liquidity recovery, tightened cash flow, and increasing financial obligations.
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