The transaction of buying and selling mutated orchids for 1.6 billion VND in Nghe An?

On the afternoon of March 30, speaking with a reporter from Nghe An Newspaper, Mr. Tran Dinh Canh - Chairman of the People's Committee of Ma Thanh Commune (Yen Thanh), confirmed that a local resident had just sold a mutant orchid for more than 1.6 billion VND. The transaction took place about a month ago.

"This morning, after the clip about this transaction was posted on social media, the Bac Nghe II Tax Department also came to work with the commune and the household selling this orchid," Mr. Canh added.

7cm tall mutant orchid. Photo cut from clip

Previously, a clip of more than 3 minutes long appeared on social networks, recording the entire transaction of buying and selling a mutated orchid plant in Ma Thanh commune, Yen Thanh district. In this clip, customers paid to buy orchids from Hoa Binh province. This mutated orchid plant was introduced as only 7cm long, and was sold for 1.65 billion VND. In the video, many people witnessed the transaction in cash...

The content of the clip also shows that this orchid was not grown by the household in Ma Thanh commune but was bought from someone else about 3 months ago.

Recently, mutated orchids (also known as var orchids) have caused a "fever" in the market with billion-dollar transactions, even tens or hundreds of billions of dong. A typical example is the "biggest" transaction ever in Quang Ninh: 250 billion dong of Ngoc Son Cuoc orchids, 20.5 billion dong of Pleiku young leaf plants and 18 billion dong of Co Do young leaf plants....

Cash transaction. Photo cut from clip

Currently, on social networking sites, traders are still bustling with livestreams about mutant orchid transactions, with long rows of high-value bills. Buying, selling, and transferring activities are all done in cash and take place spontaneously, mainly based on commitments and civil agreements. The value of orchids is freely priced, without any basis or legal basis, creating an opportunity for many people to take advantage of "inflating prices", creating fake attraction to stimulate and lure new players.

Faced with the above situation, the police in some localities have also warned people to raise their vigilance, be alert, carefully research information about prices and products before buying; proactively prevent and avoid the plots and tricks of subjects who take advantage of the buying and selling of genetically mutated orchids for the purpose of profiteering and defrauding property.

In addition, on March 26, the General Department of Taxation also issued a document requesting local tax departments to grasp the situation of mutant orchid transactions and coordinate with specialized agencies to verify the reality and collect taxes in accordance with regulations./.