Phu Hung Securities liable for tax penalties in Vietnam

Phu Hung Securities needs to pay $15,110 in CIT and $17,300 in late payment fees

According to the Ho Chi Minh City Stock Exchange, Phu Hung Securities is liable to pay tax penalties, including corporate income tax arrears of VND347.5 million ($15,110) and late payment of VND398 million ($17,300).

According to the firm’s announcement, which is officially published on its website, Phu Hung Securities “sincerely discloses information on the receipt of Decision No.3593/QD-CCT dated December 11, 2020 on administrative sanction for violations pertaining to taxation of Department of Taxation of District 7 area – Nha Be district.”

Chen Chia Ken, Phu Hung Securities’s general director, is the person who implemented the information disclosure.

Phu Hung Securities Corporation is a leading and reputable foreign securities company in the Vietnamese securities market that provides professional financial services and investment to domestic and international individual and institutional investors, funds, and banks.

During the past 20 years, the major shareholding family of CX Technology has compiled a successful record of far-sighted investments in Vietnam, including such projects as CXT Vietnam, Tan Thuan Export Processing Zone, Hiep Phuoc Power Plant, and Phu My Hung Urban Development Project.

From January 20, 2016, the consolidation between Phu Hung Securities Corporation and An Thanh Securities Company set an important milestone in the process of reinforcing the financial foundation and sustainable development of PHS.

The company enjoys strong working relations with Vietnam and Taiwan’s securities exchanges, as well as several international brokerage firms, and we currently serve over 500 international institutional and high-net-worth investors, according to the firm's website.