Politburo member and Secretary of the Hà Nội municipal Party Committee Hoàng Trung Hải.— VNA/VNS Photo HÀ NỘI — The Party Central Committee's Inspection Commission released their conclusions on Monday after its 41st meeting held in Hà Nội from December 4-6, which focused on the wrongdoings at the Standing Board of Party Committee of the State-owned Việt Nam Steel Corporation (VSC). The meeting found that the board was negligent and loose in its leadership and direction, inspection and supervision work, letting the firm commit serious wrongdoings in the implementation of the second phase of the Thái Nguyên Iron and Steel Corporation (TISCO II), causing great losses of the State money and property. Many officials and Party members involved were tried criminally, resulting in much public anger. The commission concluded that the Ministry of Industry and Trade (MoIT)'s Party Civil … [Read more...] about Former Deputy Prime Minister played a part in wrongdoing at State-owned steel group
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Former deputy transport minister dismissed with retrospective effect for wrongdoing
Nguyen Ngoc Dong and Nguyen Nhat received reprimands from Prime Minister Nguyen Xuan Phuc on Wednesday while Nguyen Van Cong got an official warning. Nguyen Hong Truong has been retrospectively stripped of his position as Deputy Minister of Transport for the 2011-15 and 2016-17 terms. The Communist Party had meted out similar punishments to them in July. According to the Communist Party's secretariat, Truong was responsible for violations committed by the ministry's Party Affairs Committee during his time as a member of the committee, deputy minister and head of the ministry's Steering Committee for Enterprise Innovation and Development. He was also found to be personally responsible for approving enterprise values and equitization plans for many companies and units under the transport ministry and seeking the government's approval for equitization plans, none of which was within his powers and were also in contravention of the law. The Party's Central Inspection Committee found Dong, … [Read more...] about Former deputy transport minister dismissed with retrospective effect for wrongdoing
Former Deputy PM provided poor guidance to loss-making steel project – inspectors
Nation Former Deputy PM provided poor guidance to loss-making steel project - inspectors By Thanh Thom Monday, Dec 9, 2019,19:46 (GMT+7) Former Deputy PM provided poor guidance to loss-making steel project - inspectorsBy Thanh Thom Hoang Trung Hai is seen in his capacity as deputy prime minister of Vietnam. He is now accused of having made mistakes in issuing instructions on a steel-and-iron plant project – PHOTO: VGP HCMC – Former Deputy Prime Minister Hoang Trung Hai was found to have committed violations and shortcomings in his instructions to a long-suspended, loss-making megaproject managed by State-run Thai Nguyen Iron and Steel Corporation (TISCO). In a statement today, December 9, the Party Central Committee’s Inspection Commission released its official conclusions following its inspection into the irregularities found in TISCO’s phase-two production expansion project. Poor … [Read more...] about Former Deputy PM provided poor guidance to loss-making steel project – inspectors
Communist Party of Vietnam expels two former information ministers
The decisions to revoke Party memberships of Nguyen Bac Son and Truong Minh Tuan were taken at a meeting of the Party's Central Committee Friday, 11 days after the Central Inspection Committee, the Party's top watchdog, recommended the move. The two former information ministers had already been dismissed from their Party positions last year. Their explusion from the Party came seven months after both were arrested and placed under criminal investigation for violations related to management and use of public capital. They were accused of receiving bribes in the illegal acquisition of private pay TV firm Audio Visual Global JSC (AVG) by state-owned telecom giant Mobiphone in 2016. Government inspectors later concluded that the deal had violated public investment laws and caused an estimated loss of about VND7 trillion ($300 million) to the state budget. Son, then serving as the information minister, directly approved MobiFone's acquisition of AVG against regulations and asked … [Read more...] about Communist Party of Vietnam expels two former information ministers
Former deputy PM implicated in steel company project violations
The party committee of the Vietnam Steel Corporation (VNSTEEL) was irresponsible and lacked supervision in its leadership, which led to the firm committing serious violations in a project to expand production by the Thai Nguyen Iron and Steel Joint Stock Company or TISCO (the TISCO II project). The violations caused "very serious consequences" and "seriously damaged the financial position and properties of the state," the Party Central Inspection Committee said Monday. The state currently owns nearly 94 percent of VNSTEEL, while VNSTEEL holds a 65 percent stake in TISCO. Besides Hai, now a member of the Politburo and Hanoi Party Secretary, other senior officials implicated in the violations include: former deputy heads of the Government Office Van Trong Ly and Nguyen Huu Vu; former deputy head of the sectorial economic department under the Government Office, Nguyen Van Tai; and head of the general department of geology and minerals under the Ministry of Natural Resources and … [Read more...] about Former deputy PM implicated in steel company project violations