Vietnamese Property Developer Barred from Leaving Country Over Company’s Tax Debt Exceeding VND 312.1 Billion
Ho Chi Minh City tax authorities issued a notice on November 3 suspending Tân Hoàng Minh chairman Đỗ Anh Dũng from leaving Vietnam. They said he is the beneficial owner of a company with VND 312,148,786,800 in unpaid taxes. The company had previously faced account deductions, account freezes and a suspension of invoice use over its tax debt.
Ho Chi Minh City tax authorities issued a notice on November 3, 2026, temporarily suspending Tân Hoàng Minh Group chairman Đỗ Anh Dũng from leaving Vietnam. The tax authorities said he is the beneficial owner of Công ty TNHH Thương mại Dịch vụ Khách sạn Tân Hoàng Minh, whose tax debt exceeds the prescribed threshold. The publicly disclosed debt is VND 312,148,786,800. The exit suspension took effect on November 3; publicly available records do not show an end date.
Information provided by the tax authorities on the exit suspension.（VietVance）
The company had previously faced tax enforcement measures several times over unpaid taxes. On October 28, 2025, Ho Chi Minh City tax authorities issued several decisions to deduct funds from the company’s accounts and freeze its accounts, involving nearly VND 140 billion. The decisions were valid until November 26 that year.
On December 1, 2025, the tax authorities also decided to suspend the company’s use of invoices. The amount involved at the time exceeded VND 308.6 billion. The decision is valid from December 1, 2025, to December 1, 2026.
Information provided by the tax authorities on enforcement measures concerning the company’s tax debt.（VietVance）
The company is headquartered in Ho Chi Minh City. Đỗ Anh Dũng is currently chairman of its Members’ Council; Trần Hồng Sơn has served as general director and legal representative since early 2026. The company’s registered capital was VND 2.68 trillion in November 2016, with Đỗ Anh Dũng holding a 97.2% stake. In August 2020, its registered capital rose to VND 10 trillion. Following changes to its ownership structure, he held a 51.48% interest in the company as of May 2021.
Recently, Tân Hoàng Minh Group and related companies have advanced the D’. Diamant Bleu project in Hanoi and studied and proposed investments in projects in Khánh Hòa and Lâm Đồng. Among them, the group previously proposed studying an urban development in Lâm Đồng spanning more than 4,320 hectares and combining tourism with film production facilities.
Source: VietVance
