Ninh Thanh Regional Tax Department enforces tax collection of nearly 197 billion VND from Viet Hung Company

Decision on tax enforcement of Ninh Thanh Regional Tax Department against Viet Hung Urban Investment Joint Stock Company

This Decision takes effect within 30 days from February 22, 2024.

The above amount is the first payment equal to 50% of the land use fee in the two new residential projects in Cao Thang commune and Tu Cuong commune (both in Thanh Mien district). The reason for the enforcement is that Viet Hung Urban Investment Joint Stock Company (hereinafter referred to as Viet Hung Company) owes tax more than 90 days from the due date according to regulations. The second land use fee is 50%, the remaining must be paid 30 days after the first payment date, so the next tax enforcement deadline is approaching.

Ninh Thanh Tax Department requested the Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) and the Bank for Investment and Development of Vietnam (BIDV) to withdraw money from Viet Hung Company's account according to the law.

Land planned to implement the new residential area project in Tu Cuong commune

In 2021, Viet Hung Company was approved by the People's Committee of Hai Duong province to invest in the two new residential areas mentioned above. Of which, the new residential area of Cao Thang commune is about 9.6 hectares wide, with nearly 30.1% of the total area being residential land, the rest is commercial service land, sports fields, cultural houses, parking lots, technical infrastructure, traffic, trees... The new residential area of Tu Cuong commune is 9.8 hectares wide, with residential land accounting for about 28.5%, the rest is land for other purposes.

Perspective of new residential area in Cao Thang commune

Viet Hung Urban Investment Joint Stock Company (Thanh Mien) was established in 2017 with a charter capital of 50 billion VND, its main business field is investing in the construction of urban and industrial park infrastructure. The legal representative of Viet Hung Company is Mr. Pham Van Quyet (born in 1983). It is known that Mr. Pham Van Quyet is also the director of Hai Duong branch of Ha Phuong Group Joint Stock Company, a company implementing many projects in Hai Duong province.

After many capital increases, in March 2022, this company increased its charter capital by 100 billion VND to reach 226 billion VND. But immediately after that, in July 2022, Viet Hung Company reduced its charter capital by 100 billion VND, so the company's charter capital is now only 126 billion VND.

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