An Giang province chairman removed from Communist Party for sand mining violations
The Party Central Committee's Secretariat has expelled Nguyen Thanh Binh, Party chief and Chairman of An Giang province, from Vietnam Communist Party for violations related to the country's largest illegal sand mining scam.
On Saturday morning, the Secretariat also removed Tran Anh Thu, Vice Chairman of the An Giang People's Committee, from the Party. Binh and Thu were both arrested.
According to the Politburo and the Secretariat, Binh and Thu showed deterioration in political ideology, morality and lifestyle; violated Party regulations and State laws in carrying out assigned responsibilities and tasks; and breached regulations on Party members' code of conduct and responsibility to set a good example as leaders.
These violations have caused serious consequences, caused public anger, and negatively affected the reputation of Party organizations and local governments, they noted.
Binh, 59, has a doctorate in education. He used to work in An Giang's education sector, and was director of the provincial Department of Education and Training. Binh later worked as chief of Tan Chau township's Party Committee, and then vice chairman of An Giang People's Committee in the 2011-2016 term. Since May 2019, he has been chairman of the committee.
The Ministry of Public Security's investigative agency on December 25 initiated legal proceedings against and arrested Binh for further investigation into his alleged crime of abusing positions while on duty in the country's largest illegal sand mining case.
He has been accused of intervening and helping Trung Hau Investment Joint Stock Company (Trung Hau 68) gain a license to explore, exploit, adjust reserves and capacity, and exploit illegally a sand mine in My Hiep and Binh Phuoc Xuan communes, Cho Moi district.
The investigative agency determined that Binh's act helped the company "gain a very large amount of illicit profit, causing damage to state assets".
In the same case, the investigative agency had previously launched legal proceedings against Tran Anh Thu, vice chairman of An Giang People's Committee, for allegedly accepting bribes of VND1.2 billion ($49,500) to create conditions for Trung Hau 68 to mine sand at excessive levels.
Nguyen Viet Tri, director of the provincial Department of Natural Resources and Environment, has also been accused of accepting bribes.
The investigative agency has launched legal proceedings against a total of 22 people, including seven former officials of the Department of Natural Resources and Environment and the related Monitoring Center who are now under investigation for alleged crimes of abusing positions and power while on duty.
Le Quang Binh, board chairman and general director of Trung Hau 68, has been investigated for violating regulations on research, exploration, and exploitation of natural resources, giving bribes, and printing, circulating and trading invoices illegally.
According to the initial investigation, Trung Hau 68 was licensed by An Giang People's Committee to exploit more than 1.5 million m3 of sand to supply four works under the North-South Expressway eastern section project. The sand mine is located in My Hiep and Binh Phuoc Xuan communes, Cho Moi district.
Authorities determined that taking advantage of the granted mineral exploitation license, Trung Hau 68 chairman Le Quang Binh directed the exploitation of more than 4.7 million m3 of sand, with an estimated value of about VND253 billion ($10.44 million).
The company did not declare the value in their financial records, avoiding paying tax for the excessive exploitation of 3.2 million m3 of sand.
According to the accusations, in order to sell illegally mined sand to gain illicit profits, Binh and his accomplices used intermediary companies they established to create fake invoices. Binh said he spent a part of the sum on bribing a number of officials.
- Read More
Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.
Industries - Thu, November 14, 2024 | 11:07 am GMT+7
Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts
Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.
Finance - Thu, November 14, 2024 | 10:26 am GMT+7
Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms
Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.
Companies - Thu, November 14, 2024 | 9:52 am GMT+7
Malaysia commits to net zero emissions by 2050
Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.
Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7
Thailand eyes congestion charges to ease capital traffic
The Thai Ministry of Transport said on Tuesday that it is exploring the implementation of a congestion charge program to alleviate chronic traffic problems in the capital city of Bangkok, improve air quality and promote the use of public transportation.
Southeast Asia - Thu, November 14, 2024 | 8:24 am GMT+7
Indonesia, Japan agree to reduce greenhouse gas emission
Indonesia and Japan on Tuesday agreed to start implementing the Mutual Recognition Arrangement (MRA) for the implementation of bilateral carbon trading cooperation.
Southeast Asia - Thu, November 14, 2024 | 8:22 am GMT+7
Thailand remains world's fourth biggest exporter of pet food
Thailand remains the world’s fourth largest pet food exporter, tapping into a booming global market valued at over $280 billion.
Southeast Asia - Thu, November 14, 2024 | 8:20 am GMT+7
Banking stocks to gain as Vietnam market nears status upgrade: experts
Banking stocks are set to benefit the most from the impending upgrade of Vietnam’s stock market to “emerging market” status, with an influx of foreign investment and heightened market activity in the near future, experts say.
Banking - Thu, November 14, 2024 | 8:00 am GMT+7
Vietnam faces complex challenge as counterfeits shift to cyberspace
Even as the prevalence of counterfeit goods in traditional markets has dropped significantly, their online presence has become a growing concern, says Nguyen Ngoc Ty, CEO of Non Son Fashion Company Limited, a company dedicated to producing and selling hats and helmets.
Economy - Wed, November 13, 2024 | 7:21 pm GMT+7
Japan food firm Kyokuyo completes $14 mln factory in southern Vietnam
Kyokuyo Vina Foods Co., Ltd., under Japan’s food firm Kyokuyo, has completed the construction of a JPY2.1 billion ($13.5 million) factory, its first facility in Vietnam.
Companies - Wed, November 13, 2024 | 4:23 pm GMT+7
StanChart arranges $100 million syndicated loan for Vietnam-based Stavian Chemical
Standard Chartered Vietnam has acted as the sole mandated lead arranger and bookrunner in a $100 million maiden offshore syndicated loan transaction for Stavian Chemical JSC.
Banking - Wed, November 13, 2024 | 4:19 pm GMT+7
Vietnam dong hits historic low
The Vietnamese dong (VND) has reached a historic low against the U.S. dollar (USD) as the greenback continues strengthening on the international market.
Banking - Wed, November 13, 2024 | 3:48 pm GMT+7
Vietnam gov't seeks parliamentary green light for colossal high-speed railway project
An ambitious plan to build a transnational high-speed railway route has been proposed to the Vietnamese parliament for approval amid concerns about the project’s financial feasibility.
Infrastructure - Wed, November 13, 2024 | 3:19 pm GMT+7
Climate change can cut Asia-Pacific GDP by 16.9%, Vietnam by 30%: ADB
By 2070, climate change under a high-end emissions scenario can cause a total loss of 16.9% of GDP across the Asia-Pacific region, the Asian Development Bank (ADB) has said in its “Asia-Pacific Climate Report 2024.”
Economy - Wed, November 13, 2024 | 3:11 pm GMT+7
Japan beverage maker Suntory sees Jan-Sept Vietnam revenue rise to $749 mln
Japan-based brewing and distilling firm Suntory, a partner in Vietnam-based Suntory PepsiCo Vietnam Beverage Co. Ltd., earned in-country revenues of JPY116 billion ($749.2 million) in the first nine months of this year.
Companies - Wed, November 13, 2024 | 2:18 pm GMT+7
EV maker VinFast secures extra $3.4 bln funding from founder, Vingroup
VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, is set to receive financial aids of VND85 trillion ($3.36 billion) from its parent firm and Vingroup chairman-founder Pham Nhat Vuong.
Companies - Wed, November 13, 2024 | 10:54 am GMT+7