On May 29th, the Domestic Market Management and Development Agency, in collaboration with the Ben Thanh Ward police, conducted inspections of various stalls selling cosmetics, watches, eyewear, clothing, and handbags at the Saigon Square Trading Center in District 1, Ho Chi Minh City.
This is not the first time that the market management force has inspected businesses in Saigon Square. Similar to previous inspections, the sudden appearance of the market management officials prompted many traders to hastily shut their doors, hindering the inspection process.
As the inspection team arrived, the walkie-talkies of the security staff at Saigon Square were immediately activated, and an internal announcement was made to warn traders to close their shops, creating obstacles for the inspection and violation handling process.
It is known that the Saigon Square Trading Center is owned by Phan Thanh Trading – Service Co., Ltd. (Phan Thanh Company).
Phan Thanh Company is a limited liability company with two members established in 1998. The Chairman of the Board of Directors and legal representative of the company is Mr. Phan Quang Chat (born in 1962, Hanoi native).
Mr. Phan Quang Chat has also served as a member of the Board of Directors of Ben Thanh Supplies Joint Stock Company and held leadership positions in several other companies, including Que Huong Joint Stock Company; Bong Sen Hotel Joint Stock Company; Saigon Ford Automobile Co., Ltd.; Ben Thanh – Phu Xuan Company; Dai Thong – Binh Duong Company; Hue Tourism Joint Stock Company; Ben Thanh – Non Nuoc Tourism Co., Ltd.; Saigon – Ninh Chu Hotel; Greenview – Binh Duong Company; and Binh Chau Joint Stock Company.
Phan Thanh Company operates in diverse sectors, including services, trade, and real estate. Its branches are spread across Ho Chi Minh City, such as the Hoang Ngoc Saigon Pearl Restaurant, Ben Van Don Branch, Cong Trang Me Linh Branch, and Cong Xa Paris Branch.
The Saigon Square Trading Center is operated by the Saigon Square Shopping Area Branch of Phan Thanh Trading – Service Co., Ltd. Headed by Phan Quang Thanh, the son of Mr. Phan Quang Chat.
Phan Quang Thanh is in charge of several branches of Saigon Square, including the shopping area at 179Bis – 181 – 183 – 185 Hai Ba Trung, District 3, Ho Chi Minh City; Saigon Holiday at 8 Vo Van Tan and 116 Nguyen Du, District 1, Ho Chi Minh City.
Heir Phan Thanh.
Heir Phan Thanh (born in 1991) is known as the first heir of tycoon Phan Quang Chat. This Saigon heir is famous for his passion for supercars, owning a fleet of luxury vehicles, including Rolls-Royce Phantom, Lexus GX570, Bentley, and Ferrari.
Raid on Saigon Square
Upon noticing the inspection team, vendors at Saigon Square Trading Center hastily shuttered their shops in an attempt to evade detection. However, thousands of counterfeit products bearing renowned global brands were seized on the spot by the authorities.
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