return icon

Japanese firm and officials under investigation over alleged bribery

Minister of Finance Dinh Tien Dung has requested an urgent investigation into an alleged bribery of Vietnamese officials by Tenma Vietnam - a subsidiary of Japan’s plastic product maker Tenma Corporation.

Japanese firm’s alleged bribery to be investigated hinh anh 1

Tenma Vietnam in Que Vo Industrial Zone in Bac Ninh province. (Photo:


Accordingly, he assigned the ministry’s Inspectorate to immediately set up a team to inspect the Tax Department and the Customs Department of the northern province of Bac Ninh, where Tenma Vietnam is located.

The Director-General of Vietnam Taxation and the Director-General of the Vietnam Customs were requested to report on recent allegations on Japanese media about bribes paid by Tenma Vietnam Company to the tune of 25 million JPY (232,000 USD) to avoid paying corporate and value-added taxes. The report must be sent to the Ministry of Finance before May 26.

Tenma Vietnam was established in 2007 in Bac Ninh province with charter capital of 35 million USD, fully contributed by the parent corporation in Japan. The company specialises in manufacturing and trading of plastic moulding components and plastic moulds. Tenma Corporation is a Japanese company that was founded in 1949. According to its annual stock report, Tenma's sales in 2018 were 84.8 billion JPY with 7,557 employees worldwide.

The case of Tenma Vietnam came into the spotlight when Japanese media including Asahi Shimbun newspaper reported that the Vietnamese subsidiary gave a bribe of 25 million JPY (232,000 USD) to Vietnamese customs officials.

According to Asahi Shimbun, the Tokyo-based Tenma Corporation confessed the case to the Tokyo District Prosecutor. Tenma Corporation reportedly took the initiative to set up a third-party committee to investigate the violation. Bribing foreign governments is a prohibited practice in Japan.

According to a report from the committee, in June 2017, Tenma Vietnam in Bac Ninh received a notice of the collection of value-added tax with imported raw materials up to about 400 billion VND (17.8 million USD). Leaders of Tenma Vietnam proposed to the head office about bribing the local customs authorities for the exemption of these taxes.

Receiving approval from the president of the parent company Kento Fujino, Tenma Vietnam reportedly paid 2 billion VND (88,900 USD) in cash to the local Customs Department's investigating leader, according to the report.

In addition, a local tax audit in August last year found some of Tenma Vietnam’s revenues were not eligible for tax incentives. Therefore, local authorities reportedly asked the company to pay an additional 17.8 billion VND of corporate tax. Tenma Vietnam was alleged to have spent 3 billion VND to reduce this fee to about 567 million VND (25,200 USD) including fines.

Meanwhile, Ngo Xuan Tong, Director of the Bac Ninh Tax Department, told Tuoi Tre (Youth) newspaper that the allegation that Bac Ninh tax officials received money from Tenma Vietnam was a unilateral report from Japanese media.

“The company's chief accountant confirmed that there was no such expense,” he said.

Tong said the provincial Tax Department had reviewed all related records, and subsequently, the provincial People's Committee also assigned the Bac Ninh Police Department to investigate and clarify the case./.VNA


Experts warn Vietnamese banks of risks following US banks’ collapse

If bond issuers fall into insolvency, the price of bonds could fall to zero, creating a high risk for banks.

Hanoi to resume tourism services on West Lake

Hanoi may resume 12 tourism services on the West Lake including boat transportation, after six years of suspension.

Car imports from Thailand still hold largest market share in Vietnam

Thailand once again led the market in terms of value and the number of CBU (complete built unit) cars imported to Vietnam in February 2023.

Deputy PM holds bilateral meetings on sidelines of UN 2023 Water Conference

Deputy Prime Minister Tran Hong Ha had bilateral meetings with many foreign leaders on the sidelines of the UN 2023 Water Conference, which is taking place in New York from March 22-24.

Vietnam temporarily suspends import, circulation of 15 types of medicines

The Drug Administration of Vietnam (DAV) under the Ministry of Health (MoH) has just issued an official dispatch on suspending the import, distribution, circulation and use of 15 types of medicines produced by Arena Group S.A. of Romania.

EVN urged to negotiate with renewable energy investors to fix electricity price

The Ministry of Industry and Trade has urged the Electricity of Vietnam (EVN) and investors of transitional solar and wind plants to negotiate and agree to fix electricity prices before March 31.

Two arrested in 11kg drug transport from France to HCM City case

The Ho Chi Minh City Department of Public Security has just arrested two people involved in the case of transporting over 11 kilograms of narcotics and ecstasy from France to Tan Son Nhat International Airport, Vietnam.


Renowned Vietnamese artists collaborate on unique porcelain artworks


Dragon fruit export turnover reaches 47 million USD

Boxer beats Spainish rival to advance to World Championship’s semifinals

Vietnamese boxer Nguyen Thi Tam trounced Spanish rival Laura Fuertes 5-0 in the women's light flyweight category to advance to the semifinals of the IBA Women’s World Boxing Championships in New Delhi.

Ministry of Health warns of possible outbreaks of dangerous diseases

In its yesterday’s official dispatch to people's committees of provinces and cities on organizing the implementation of the 2023 epidemic prevention plan, the Ministry of Health warned of possible outbreaks of dangerous diseases.

Another enterprise issues bonds, real estate bonds increase in value

A real estate firm has successfully raised funds by issuing VND4.7 trillion worth of corporate bonds. Just days before, another real estate firm also successfully issued VND2.3 trillion worth of bonds.

Stock market violations to face stricter sanctions

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

Association calls for pilot implementation of battery-powered taxis

The Hanoi Taxi Association is urging for the pilot implementation of battery-powered cabs to reduce environmental impact and stay abreast of global trends.

Vietnam strives to eliminate malaria once and for all

The Ministry of Health has announced plans to review, amend, and supplement professional guidelines to ensure nationwide implementation and assess the National Strategy for Malaria Prevention, Control, and Elimination by 2020.