Hoa Phat pays VND100 billion in tax within the first 8 months

Hoa Phat Group and other member companies including Hoa Phat Refrigeration Engineering Company Ltd., Hoa Phat Furniture JSC., Hoa Phat Urban Development and Construction JSC., has been awarded a certificate of  merit for an excellent track record when applying tax policy by the Chairmain of Hung Yen People’s Committee.

In 2006, Hoa Phat’s  internal tax in Hung Yen totalled VND 46 billion,  accounting for 33% compared to the  total tax of VND 139 billion of the 20 highest tax paying companies. Within the first 8 months of 2007, Hoa Phat has paid over VND 100 billion, accounting for 35% of Hung Yen province’s total internal tax.  

Over the past years, Hoa Phat Group has always been the leading enterprise in Hung Yen province in all fields. Since Hoa Phat’s  first factory was built in 1997 in the 2,2 ha area, the past 10 years operation in Hung Yen has seen Hoa Phat continually develop: 15 factories put into operation in the area of 50 ha, creating  great industrial productivity value; the tax payment to the province’s  budget gradually increases every year.

In 2007, Hoa Phat projects to pay over VND 150 billion in tax to Hung Yen’s budget and become the province's  having highest tax paying enterprise.

HPG