VAT invoice fraud investigations in Vietnam

Vietnamese authorities have conducted multiple investigations and prosecutions regarding the illegal sale and purchase of Value Added Tax (VAT) invoices across different provinces.

In An Giang province, police indicted Hoàng Văn Dương for purchasing 11 fraudulent invoices from Ngọc Hùng Dũng AG Co., Ltd. to cover undocumented repair costs. Meanwhile, in Phú Thọ province, an expanded investigation led to the indictment of five individuals, including Phùng Văn Tuấn and accountant Nguyễn Thị Thu Hà, for trading 25 invoices valued at nearly 1.94 billion VND.

Subsequent legal actions in Phú Thọ included the prosecution of Trinh Thi Nguyet, Director of Thinh Vuong Binh Minh Trading Co., Ltd. Investigators found that Nguyet sold invoices to various entities without providing actual goods or services, generating illicit profits totaling hundreds of millions of VND. Authorities conducted searches of Nguyet’s residence and workplace in Hanoi as the economic police continue their investigation.