A branch of Apax English, a language company associated with investor Nguyen Xuan Phuong, commonly known as “Shark Thuy”, is reportedly owing 16.5 billion Vietnamese Dong (approximately $700,000 USD) in taxes in Ho Chi Minh City. The branch, Công ty cổ phần Anh ngữ Apax, is currently listed as inactive at its registered address. This substantial tax debt raises concerns about the financial stability of the language learning center. Details surrounding the reasons for the tax delinquency have not yet been released. The situation is prompting scrutiny regarding the company’s operations within Ho Chi Minh City and its ability to meet financial obligations. This development comes amid broader challenges for educational institutions in Viet Nam. Authorities are expected to take further action to address the outstanding debt.