LIX Laundry JSC fined for tax violations

LIX Laundry Joint Stock Company (LIX) has been issued an administrative penalty regarding tax violations by the Ho Chi Minh City Tax Department. The decision, dated September 28, 2026, follows recommendations from the State Audit Office concerning the management of state capital and assets for the Vietnam Chemical Group in 2024.

The total penalty amount is approximately 238 million VND. LIX, which is 51% owned by the Vietnam Chemical Group, specializes in the production of synthetic detergents, cosmetics, and chemicals.

In the first half of 2026, the company reported a significant increase in net sales revenue, rising by nearly 490 billion VND compared to the same period last year. However, financial income decreased by approximately 9.785 billion VND, partly due to the absence of dividend income from its joint venture, Xalivico Co., Ltd., which was recorded in the previous year.