Viet A becomes tax guarantor of Phuoc Son GoldThe Taxation Bureau of the central Quang Nam province has accepted Viet A Bank as the tax debt guarantor of the Phuoc Son Gold Company. The Phuoc Son Gold Company has been recently restructured and will be back in business at the beginning of August. In June 2015 Besra sold 35 per cent of its stake in Phuoc Son Gold to the bank. It was reported on July 7 that Viet A Bank, which holds 35 per cent of Phuoc Son, had proposed being its tax debt guarantor. The Phuoc Son Gold Company and the Bong Mieu Gold Company, under the ownership of the Canadian group Besra, reportedly owe VND430 billion ($19.5 million) in taxes, according to the provincial Department of Taxation.

Source: VietNamNet News July 27, 2016 11:26 UTC