Diamond tycoon Chu Dang Khoa's mother had her exit postponed, the family company had bad debts at the bank of more than 4,300 billion VND

According to the data we have, as of the end of November, Thien Minh Duc Group had outstanding debt of more than 4,376 billion VND at 3 banks: Vietcombank, BIDV and VPBank. Notably, the whole thing has turned into bad debt.


On December 24, the Tax Department of Nghe An province said that the unit had issued notice No. 4224 on the suspension of exit for the Chairman of Thien Minh Duc Group Joint Stock Company , because this company had not fulfilled its payment obligations. tax.

In a notice sent to the Immigration Department - Ministry of Public Security, the Tax Department of Nghe An province announced the temporary suspension of exit for Ms. Chu Thi Thanh (born 1960, residing in Vinh City, Nghe An). Ms. Thanh is the Chairwoman of the Board of Directors of Thien Minh Duc Group Joint Stock Company, located at 2A, Le Mao Street, Vinh City.

The reason for delaying exit is because Ms. Chu Thi Thanh is the legal representative of Thien Minh Duc Group Joint Stock Company, which is an enterprise that is being forced to enforce an administrative decision on tax management that has not yet been implemented. Complete tax payment obligations.

The temporary exit period is from December 20, 2023 until the taxpayer completes the obligation to pay taxes to the state budget.

It is known that the notice to postpone exit for Ms. Chu Thi Thanh is based on Decision No. 2673 dated July 7, 2023 of the Tax Department of Nghe An province on enforcement of administrative decisions on tax management by Measures to stop using invoices for Thien Minh Duc Group Joint Stock Company.

Decision No. 2673 clearly states: The reason Thien Minh Duc Group Joint Stock Company was forced to stop using invoices was because this company did not comply with the payment of tax debt, fines and late payment fees according to the Tax Notice. Debt No. 9609 dated June 12, 2023 of Nghe An Provincial Tax Department with the enforced amount of more than 728.5 billion VND.

Not only tax debt, Thien Minh Duc Group also has huge outstanding debt at the bank and all of it has turned into bad debt.

According to the data we have, as of the end of November, Thien Minh Duc Group had outstanding debt of more than 4,376 billion VND at 3 banks: Vietcombank, BIDV and VPBank.

Among them, Vietcombank is the largest creditor with a total outstanding debt of more than 2,925 billion VND, all of which are debts with the possibility of losing capital (Debt group 5).

BIDV loaned Thien Minh Duc Group nearly 1,261 billion VND and is in a state of debt suspected of losing capital (Debt group 4).

VPBank lent this business nearly 191 billion VND and all of them were debts with the possibility of capital loss (Group 5 debt).


General petroleum warehouse of Thien Minh Duc Group. (Source: The Messenger)

It is known that Thien Minh Duc Group Joint Stock Company was established and operated since 2001. Thien Minh Duc Group is headed by Ms. Chu Thi Thanh (born 1960, mother of "diamond giant" Chu Dang Khoa ). Legal representative and Chairman of the Board of Directors. Ms. Chu Thi Thanh is also one of three founding shareholders of Thien Minh Duc Group.

After 22 years of formation and development, Thien Minh Duc Group has created an ecosystem with many companies and branches operating in many different fields such as: Petroleum, liquefied petroleum gas, real estate, and food products. paper production, packaging, logistics, restaurant services, hotels, amusement parks...

The company's main business products are petroleum and liquefied petroleum gas. In addition, Thien Minh Duc Group is the owner of the DKC Shipping brand, owning subsidiaries Trung Long Company and Thien Phu paper and packaging factory that produce paper, packaging, and customer services. Hotels, restaurants, amusement parks,...

The petroleum field is an important pillar that makes the name of Thien Minh Duc Group, the company is a large-scale import-export focal point of petroleum and liquefied gas in the North Central region. With a distribution network of 100 petroleum retail agents under the DKC Petro brand and about 100 direct purchasing units for distribution nationwide, a system of seaports and warehouses in all 3 regions: North, Central, Male.

In 2019, Thien Minh Duc Group put the DKC Petroleum Warehouse project in Nghi Thiet commune, Nghi Loc district, Nghe An province into operation. The project is considered the largest petroleum depot in the North Central region. The total investment of DKC Petroleum Warehouse is about 1,400 billion VND.

Before falling into the current tax debt situation, Thien Minh Duc Group was the highest tax paying enterprise in Nghe An province in 2021 with 1,820 billion VND.

Even, the total amount of money that Thien Minh Duc Group (TMD Group) contributes to the state budget is nearly double that of the second ranked unit, Nghe An Petroleum Company with 941 billion VND.

In 2022, Thien Minh Duc Group will still be among the top local enterprises contributing the largest to the state budget.

In September 2022, Thien Minh Duc Group increased its capital to VND 2,022 billion. Of which, Ms. Thanh holds 77.15% of the capital, Mr. Chu Dang Khoa (Ms. Thanh's son) holds 22.77% of the capital and Mr. Vuong Dinh Quan holds 0.08% of the capital. Thus, Mr. Chu Dang Khoa and his mother hold a total of 99.92% of the capital of Thien Minh Duc Group.

VietBF@ Sưu tập