On August 8, Deputy Inspector General of the Government Le Tien Dat signed an inspection conclusion on gold business activities at Bao Tin Manh Hai, Manh Hai Gold, Silver and Gems and Mi Hong.
Accordingly, the Government Inspectorate has transferred two groups of information showing signs of violations to the Ministry of Public Security for consideration and handling. Among them, 7 individuals were identified as selling raw gold of unknown origin, with a total transaction value of about 2,084 billion VND.
The inspection agency assessed that the transaction scale of these individuals was unusually large, not commensurate with their income.
At Mi Hong Co., Ltd., the Government Inspectorate determined that the enterprise had not reported to the State Bank of Vietnam the termination of gold bar business at some branches; and had not fully disclosed product information on the website.
Mi Hong has also not fully implemented regulations on money laundering prevention and control such as professional training, recognition, update, verification and customer classification according to risk levels. In addition, the enterprise also declared incomplete personal income tax arising from the capital transfer of members of the Board of Directors.
According to the announcement, Mi Hong Company has some shortcomings related to reporting regimes, product information disclosure, money laundering prevention and control, and tax obligations.
On August 9, Mi Hong Co., Ltd. said that the contents mentioned in the inspection conclusion belong to the period of operation that were inspected by functional agencies before 2025, not newly arising at the time of announcing the notice on August 8, 2026.
During and after the inspection process, the company seriously reviewed, rectified and implemented remedial contents as required. At the same time, continue to improve management processes, information disclosure, anti-money laundering and compliance with relevant legal regulations.
Currently, all business activities, purchases and sales and customer service of the unit are still taking place normally. The legitimate rights of customers are always guaranteed by the company according to regulations.
This company said it respects the conclusions of functional agencies and considers this as a basis to continue to improve governance, improve compliance, product and service quality.
