Phu My Hung Corporation officially filed a lawsuit August 18 to the Ho Chi Minh City People’s Court against the Ministry of Planning and Investment, accusing it of allegedly antagonizing the firm’s business.
In its petition, the Taiwanese-invested developer of Saigon South Urban Town in HCMC proposed that MPI revoke the amendment of its business license issued last year since the amended license went against the original license’s contents.
Phu My Hung was granted its original license by MPI on May 19, 1993, which stipulated that the company was subject to a 10 per cent corporate income tax during its 50 year operation.
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