On September 17th, following a trial, the Ho Chi Minh City People’s Court handed down sentences to the defendants involved in the case at Asanzo Company.
The judge sentenced Pham Van Tam (born in 1980; former Chairman of Asanzo’s Board of Directors) to a fine of 2 billion VND for “Tax Evasion” and 4 years and 6 months in prison for “Smuggling,” with an additional fine of 100 million VND. Both penalties are to be served concurrently.
Pham Xuan Tinh (born in 1985; former Director of Asanzo Company) received a sentence of 2 years and 6 months in prison for “Tax Evasion” and a supplementary fine of 50 million VND.
According to the court’s findings, Pham Van Tam played a central role, orchestrating the fraudulent import of goods through Sa Huynh Company and directly instructing actions to evade scrutiny by authorities. The smuggled goods discovered were valued at nearly 415 million VND.
The two defendants in court
Additionally, from 2017 to 2019, through Asanzo Company, the defendants and their accomplices evaded taxes totaling over 15.7 billion VND, using illegal invoices to legitimize accounting documents, causing significant losses to the state budget.
Pham Van Tam and Pham Xuan Tinh
The court determined that neither defendant had aggravating circumstances. Both showed sincere remorse, fully cooperated, and repaid all evaded taxes and smuggling-related amounts, thus qualifying for partial mitigation of their criminal liability.
In his final statement before the court’s deliberation, Pham Van Tam emotionally expressed his regret, stating that his actions stemmed from a desire to support low-income workers.
The Asanzo Chairman: Evading Investigation?
In the indictment filed by the prosecution, Mr. Pham Van Tam, Chairman of Asanzo Company, was not only charged with tax evasion of over VND 15.7 billion but also with smuggling goods worth VND 414 million. Regarding the smuggling charge, the case file revealed statements alleging that Mr. Tam instructed his subordinates to evade cooperation with the police.
“Former Chairman of Tan Tan Company Faces Prosecution: A Case for Ethical Leadership”
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The investigative agency has finalized its additional investigation, maintaining its stance to prosecute Mr. Tran Quoc Tan, the former Director of Tan Tan Joint Stock Company, on two charges.
The Asanzo Scandal: Prosecutors Expose Misconduct by the Company’s Owner
The Ho Chi Minh City People’s Procuracy has issued an indictment charging the owner of Asanzo Company, Pham Van Tam, and his brother with smuggling and tax evasion.
Former Chairman Pham Van Tam Indicted: The Rise and Fall of the Unbeatable Affordable TV
“Once a household name across Vietnam’s rural heartlands, Asanzo and its former chairman, Pham Van Tam, are now infamous for all the wrong reasons. The brand, renowned for its affordable, locally-made televisions, has seen its reputation tarnished as Tam faces charges of smuggling and tax evasion.”
Former Employee Alleges Ex-Chairman of Asanzo Provided Monthly Allowance of 30 Million VND to Evade Police Summons
“Liêm, a key witness in the Asanzo case, alleged that he received a monthly sum of 30 million VND from the former Asanzo Chairman, Pham Van Tam, to avoid police interrogation regarding the illegal shipment. However, the accused has refuted these claims, creating a complex web of allegations and denials that demand further investigation.”
