The stock market in Vietnam has suspended trading of Halong Canned Food (Canfoco) shares following the detention of three Halong employees by police for suspected tax fraud.

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The detained employees are alleged to have been involved in the falsification of seafood exports to China in order to claim value-added tax refunds.


Haiphong-based Canfoco cans seafood products and other foods and also makes animal feed.


Trading in the company’s shares is suspended until further notice in order to protect investors.

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