Vietnamese woman arrested for tax evasion in rubber latex trade

Authorities in Da Nang, Vietnam, have arrested Hoang Thi Ly, a 42-year-old woman accused of significant tax evasion through her rubber latex trading activities. The arrest comes after an investigation by the Da Nang City Police's Department of Investigation of Corruption, Economic Crimes, and Smuggling.

According to investigators, Ly engaged in the purchase and sale of rubber latex in the Phước Trà and Hiệp Đức communes from 2020 to the present. Her business generated an estimated revenue of around 200 billion VND (approximately $8 million USD). However, Ly allegedly failed to register her business, declare her income, or fulfill her tax obligations to the state.

The investigation determined that Ly's actions resulted in a tax loss to the government exceeding 2.45 billion VND (approximately $100,000 USD). Her conduct has been deemed sufficient to constitute the crime of tax evasion under Article 200, Clause 3 of the Penal Code.

Ly has been detained for three months pending further investigation. The police are continuing to expand the case, aiming to clarify the responsibilities of any other individuals or organizations involved in the scheme. The investigation seeks to ensure all parties are held accountable under the law.