HCMC publishes tax debt list: Hung Thinh Land over 609 billion VND, Picity High Park developer over 340 billion VND

Grassroots tax offices in HCMC have published lists of taxpayers in arrears as of the August 2026 closing, with many real estate companies topping the list by amount owed. Grassroots Tax Office 2 alone published 2,222 taxpayers owing a total of over VND 1,833 billion.

Real estate companies with the largest tax debts

• Grassroots Tax Office 2: 2,222 taxpayers, total debt over VND 1,833 billion; The Minh Construction and Electrical Installation Co., Ltd. owes over VND 329 billion; Dong Tay Land JSC owes over VND 29 billion.
• Grassroots Tax Office 3: Hung Thinh Land JSC owes over VND 609 billion; Property X JSC owes VND 230.7 billion; Hung Thinh Group JSC owes VND 73.2 billion – together over VND 910 billion.
• Grassroots Tax Office 12: Gia Cu Investment and Development One Member Co., Ltd. – a Pi Group member and developer of Picity High Park (Go Sao Housing Area) – owes over VND 340 billion; Hoang Hai Housing Investment and Trading JSC owes VND 141.3 billion.
• Grassroots Tax Office 13: Ly Khuong Production and Trading Co., Ltd. owes VND 46.6 billion – the company previously fined for illegally selling 682 apartments; Vo Dinh Construction Co., Ltd. owes VND 33.2 billion; Nova Evergreen JSC owes VND 14.8 billion.
• Grassroots Tax Office 14: Dat Lanh Real Estate Co., Ltd. owes over VND 103 billion; Tan Vu Minh Construction – Investment and Real Estate Co., Ltd. owes over VND 41.7 billion.
• Grassroots Tax Office 16: Tan Hong Uy Trading – Construction and Housing Co., Ltd. owes VND 48.3 billion; Kim Ngan Trading and Service Investment Co., Ltd. owes VND 30.4 billion.
• Grassroots Tax Office 26: Dat Moi JSC owes VND 28.9 billion.

Hung Thinh Land’s financial figures

• After-tax loss of over VND 94 billion in the first 6 months of 2026, compared with a profit of nearly VND 15 billion in the same period of 2025.
• Accumulated losses of nearly VND 170 billion as of 30/6/2026.