Just reported a double profit, Dat Xanh and affiliated companies owe billions in taxes

Dat Xanh Group (DXG) reported a Q2 2025 net profit of 277 billion VND, doubling year-on-year, yet it owes 52.4 billion VND in taxes, alongside its subsidiary Ha An Real Estate with a debt of 264 billion VND. Ha An earned a net profit of 50 billion VND in the first half of 2024, down 79% from last year. By June 2025, the total tax debt of 340 businesses in Ho Chi Minh City reached 1.721 trillion VND. Dat Xanh has increased financial revenue to over 37 billion VND while reducing financial costs by 60%. As of June 30, 2025, total assets reached nearly 32.7 trillion VND. Despite tax debts, Dat Xanh aims for a consolidated revenue of 7 trillion VND in 2025, a 46% increase from the previous year, with inventory rising to 14.133 trillion VND, indicating potential financial growth but also risks.