Real estate firms with social insurance debts named

HCM CITY – Many real estate companies in HCM City have failed to pay social insurance premiums for their employees in the first half of this year, according to HCM City Social Insurance.

The companies were included on a list of 834 enterprises that have failed to pay social insurance premiums for their employees by June 30, 2018 that the agency recently published.

There were a number of reasons for the prolonged debts of those enterprises, including difficulties in production and business, meaning the companies were unable to afford the premiums.

They included Hoàng Quân Group with a social insurance debt of VNĐ6.6 billion; Khang Thông Group with VNĐ4.4 billion; and No8 Investment and Construction Joint Stock Company with VNĐ6.7 billion.

Other real estate firms with social insurance debts were Cotec Investment and Land House Development JSC; Thái Sơn Việt Nam Building and Trade JSC; Tân Vũ Minh Co, Ltd; Phú Khang Gia JSC; Phu Hưng Construction and Trading Investment Co, Ltd;  Thăng Long Real Estate Trading Floor JSC; Nhà Vui Architecture and Construction JSC; and Saigon Real Estate Development JSC, reported the Pháp luật Thành phố HCM (HCM City Law) newspaper online.

Recently, Việt Nam Social Insurance has focused on directing social insurance in provinces and cities to strengthen specialised inspections on enterprises with large outstanding social insurance and health insurance debts.

Then, it would transfer any cases in which an enterprise has deliberately delayed paying the debt to the investigating police agency. - VNS