Tax probe results on scandal-hit Khaisilk to be announced soon

October 28, 2017 | 15:55

(0) user say

The General Department of Taxation (GDT) will announce the results of the tax inspection of Khaisilk Group, a top Vietnamese silk brand, following the recent scandal of the company selling Chinese-made products.

Khaisilk shop in Hang Gai Street

Nguyen Dai Tri, deputy general director of GDT, made this statement at yesterday's press briefing.

"We have asked the Hanoi tax agency to probe into the tax payments and sales at Khaisilk. The official inspection results will be announced next week," he added.

The scandal broke out a few days ago when a business in Hanoi complained on Facebook about products it had bought from the brand saying they were actually made in China.

Few days ago, Minister of Industry and Trade Tran Tuan Anh asked the ministry's relevant departments to look into the origins of Khaisilk Group’s products. Tuan Anh also asked the departments to clarify signs of violating regulations on the origin of goods and trade fraud.

The ministry said it had seized suspected products worth VND30 million ($1,360) from a Khaisilk shop in Hanoi.

Khaisilk was considered a national brand. The company’s products are much sought after by many tourists in Vietnam. However, the import of made-in-China goods and selling them under a “Made-in-Vietnam” brand has had a wholesome negative impact on its public image.

Khaisilk is a renowned high-end brand with a history of over 30 years. The scandal has shocked many of the company’s loyal customers.

Hoang Hai, group chairman, has apologised and offered compensation to customers. He said that half of the silk used by Khaisilk came from China, while the rest came from Vietnamese craft villages. However, he insisted that the company only uses high-quality material, although not all of its products are made in Vietnam, as advertised for years.

RELATED CONTENTS:
	MoIT initiates probe into Khaisilk fraud
	Hoi An prepares for int’l silk and brocade festival
	Silk company fined for discharging untreated wastewater
	American spider silk manufacturer invests in Viet Nam
	Van Phuc silk struggles to access foreign market