On 10/7, Nguyen Thi Xuan, 80, Chairwoman of the Board of Directors, and Le Thi Anh Tuyet, 52, Deputy Director of Phuong Xuan Gold and Silver Joint Stock Company, both residing in Thanh Sen ward, were prosecuted by the Ha Tinh Provincial Police's Security Investigation Agency. They face charges of tax evasion under Clause 3, Article 200 of the Penal Code.

During their management of Phuong Xuan's business operations, Xuan and Tuyet allegedly instructed staff not to issue full value-added tax invoices to customers, thereby omitting company income from official records. Authorities also accuse the two defendants of directing employees and relatives to open dozens of personal bank accounts. These accounts were used to receive customer payments, bypassing the company's official accounts to circumvent tax obligations.

Between 2022 and 2024, Phuong Xuan Company recorded over 68,000 payment transactions totaling nearly 5,000 billion VND through 21 personal bank accounts. Despite this substantial revenue, the company reportedly paid only 10-20 million VND in taxes each month.

To date, the Ha Tinh Provincial Police's Security Investigation Agency has clarified more than 26,000 of these transactions. This investigation revealed nearly 600 billion VND in undeclared revenue that was not accounted for or reported for tax purposes, resulting in an evaded tax value of nearly 1.3 billion VND.

Phuong Xuan is recognized as a prominent gold and silver business in Ha Tinh, operating multiple locations across various wards and communes. In late December 2025, several of the company's stores in Thanh Sen ward and Cam Xuyen commune unexpectedly closed for several days following tax-related inspections by authorities.

The investigation into the case is ongoing and expanding.

Duc Hung