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Mr. Nguyen Tam Thinh, Chairman of Trung Nam Group
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On June 1st, the Khanh Hoa Provincial Customs Department sent a document to the
Department of Exit and Entry Management, Ministry of Public Security,
regarding the lifting of the temporary suspension of exit for Mr. Nguyen Tam
Thinh, Chairman of Trung Nam Group, effective immediately.
This decision was made as Trung Nam Group has fulfilled its tax obligations
by paying over 21 billion VND to the state budget.
Previously, the Khanh Hoa Provincial Customs Department had requested the
temporary suspension of Mr. Thinh’s exit due to his position as the legal
representative of Trung Nam Group, which had outstanding tax debts. The
suspension was in place from May 6th, 2024, until the company fulfilled its
tax obligations.
According to the Ninh Thuan Customs Branch, Trung Nam Group owed over 21
billion VND in taxes related to the Trung Nam – Thuan Nam 450 MW solar power
project in Ninh Thuan Province.
A representative of Trung Nam Group stated that the tax debt was due to
unpaid electricity bills for the 172 MW of power generated by the company
since 2020. Additionally, late payments from Vietnam Electricity (EVN) have
caused cash flow difficulties for the company.
Trung Nam Group, established in 2004, has grown from a construction company
into a diversified conglomerate with a focus on energy, infrastructure, and
real estate development.
Tung Phong
