Vietnam Suspends Company's Import-Export Operations Over Unpaid Taxes
Vietnam forced an industrial construction company based in Ho Chi Minh City to suspend its import and export operations due to failure to pay taxes worth nearly $12 million, the state-run CustomsNews reported Aug. 24. The company, Industrial Construction, has…
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failed to pay its taxes for over three months past its deadline -- a move CustomsNews said was deliberate. City tax authorities "urged local customs units" to suspend the company's import-export abilities. The decision will be dropped once the company fully pays its taxes, the report said.