HCM City Customs: Suggest exposing names of more than 1,000 import-export enterprises that owe debt

Identification of import goods implemented at Cat Lat port. Photo: T.H

According to Ho Chi Minh City Customs Department, the debts were mostly subject to coercive debts, arising from many years. In particular, many enterprises that owe taxes and fled from their business registration addresses.

Among those enterprises, many enterprises owe very large tax debts, some more than 150 billion VND, and dozens of billions of VND.

As of April 15, the total doubtful debt at the HCMC Customs Department was more than 1,400 billion VND. This debt was mostly generated over many years and enterprises are no longer operating at their business registration address.

To settle tax debts, Ho Chi Minh City Customs Department has developed measures to handle and recover tax debts promptly. Furthermore, they have strived to not incur new tax arrears in excess of 0.05% of the total annual State revenue collection (less than 50 billionVND) in 2019.