APAX LEADER

After 39 out of its 41 centers ceased operations, Apax Leaders owes nearly VND94 billion (US$3.81 million) in tuition fees it has to refund in HCMC alone, and the company proposes a plan starting in 2025 under which it will pay each student (a)   VND every quarter until they are fully paid.

The company also owes VND11.5 billion in (a)   to teachers and staff and VND9 billion in rents.

Data from the Vietnam Social Insurance and the HCMC Tax Department shows Apax Leaders owed over VND32 billion in (a)   premiums for employees and VND15 billion in taxes as of last year.

The Department of Education and Training has instructed Apax to apprise students about a detailed tuition refund plan with timelines before March 15.

• TRUE

• FALSE

• NOT GIVEN

Apax Leaders are working with parents to pay off the fees

• YES

• NO

• NOT GIVEN