On 9/2, the Ninh Binh Provincial Police Investigation Agency announced it had initiated legal proceedings and temporarily detained Duong, 40, residing in Phat Diem commune, Ninh Binh province, to investigate tax evasion.

Police read the decision to prosecute and arrest Nguyen Duc Duong. *Photo: Ninh Binh Police*.

Authorities accuse Duong of repeatedly instructing employees to sell to hundreds of customers without issuing value-added tax invoices while managing and operating Duc Thang Gold, Silver, and Gemstone Private Enterprise.

Duong also established and used various business households to avoid declaring taxes using the deduction method. Employees of the gold shop requested customers to pay in cash or transfer funds to bank accounts held by employees or Duong's relatives, bypassing the Duc Thang enterprise's official account.

Police further determined that from 7/2022 to 5/2024, Duc Thang enterprise announced a temporary business suspension but continued operations. This allowed the enterprise to conceal over 1,500 billion VND in revenue. Investigators accuse Duc Thang enterprise of evading more than 2.1 billion VND in taxes.

The case is currently under expanded investigation.

Lam Son