The Ha Tinh Province Police Department’s Investigation Security Agency has charged the case against Phuong Xuan Gold Silver Joint Stock Company and related units, indicting Nguyen Thi Xuan (born 1946), chairwoman of the board, and Le Thi Anh Tuyet (born 1974), deputy director, for tax evasion under Clause 3, Article 200 of the Penal Code.
Investigators found that during 2022–2024 the company used dozens of personal accounts to issue sales without full VAT invoicing and to keep income off the books.
Over three years, through 21 personal bank accounts, the company completed more than 68,000 transactions with a total value of nearly 5,000 billion VND; monthly tax payments were only 10–20 million VND.
The firm is among Ha Tinh’s largest gold retailers and operates three outlets in Thanh Sen ward. The Investigation Police Agency will continue to expand the investigation to clarify the roles of involved individuals for strict legal action. The case remains under active investigation to determine responsibilities and ensure lawful proceedings.
Authorities have not provided expert commentary in the material available.
