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Nha Trang Beachfront Business Faces Enforcement Over 2.8 Billion VND Tax Debt
🇻🇳 Vietnam /Economy & Trade

Nha Trang Beachfront Business Faces Enforcement Over 2.8 Billion VND Tax Debt

From Tuổi Trẻ · (11m ago) Vietnamese Critical tone

Translated from Vietnamese, summarized and contextualized by DistantNews.

TLDR

  • A company operating a beachfront area in Nha Trang, Vietnam, faces enforcement actions for owing over 2.85 billion VND in taxes.
  • The company, Invest Park Nha Trang, was granted the land over a decade ago for a Russian restaurant and other businesses, a project that evolved from a children's park.
  • Enforcement measures include a ban on using invoices and a temporary travel ban for the company's CEO until tax obligations are met.

The provincial authorities in Khanh Hoa have taken decisive action against Invest Park Nha Trang, a company that has demonstrably failed to meet its tax obligations while operating a prime beachfront location in Nha Trang. This move, which includes halting the company's use of invoices and imposing a travel ban on its CEO, Nguyễn Tất Hạnh, underscores the government's commitment to fiscal responsibility and ensuring businesses contribute their fair share to the state.

The land in question, part of the Phù Đổng beach area, was originally designated for a children's park over 25 years ago. However, over time, the provincial administration approved a shift in its purpose, allowing for commercial development, including a Russian restaurant. This transformation from a public amenity to a private enterprise has been a point of contention, particularly as the company has reportedly only paid rent for a fraction of the land it occupies, while the rest, intended for public use and green spaces, remains under its commercial purview.

Tổng số tiền thuế Công ty TNHH Invest Park Nha Trang nợ (tính đến ngày 16-4-2026) tại cơ quan này là hơn 2,85 tỉ đồng (chưa tính tiền phạt chậm nộp trên các khoản nợ thuế chưa thanh toán).

— Thuế tỉnh Khánh HòaThe Khanh Hoa Provincial Tax Department stated the total tax debt owed by Invest Park Nha Trang as of April 16, 2026, exceeding 2.85 billion VND, excluding late payment penalties.

This situation highlights a recurring issue where development projects, initially conceived with public benefit in mind, become entangled in commercial disputes and tax arrears. The provincial tax department's actions are a necessary step to reclaim the owed taxes, amounting to over 2.85 billion VND. The fact that the company's CEO is facing a travel ban signifies the seriousness of the tax evasion and the authorities' determination to prevent capital flight or evasion of legal responsibilities. From our perspective at Tuổi Trẻ, this is a matter of upholding the law and ensuring that businesses operating on public land fulfill their financial duties to the state.

Tổng giám đốc, người đại diện pháp luật của Công ty TNHH Invest Park Nha Trang

— Thuế tỉnh Khánh HòaThe Provincial Tax Department announced a temporary suspension of departure for the General Director and legal representative of Invest Park Nha Trang Company.
DistantNews Editorial

Originally published by Tuổi Trẻ in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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