Corporate leaders expelled from Vietnam Communist Party

The Ho Chi Minh City Party Committee’s inspection committee has removed Truong Thanh Phong, former general director of Southern Food Corporation (Vinafood II), and Nguyen Hong Phu, former board chairman of Phu Rieng Rubber Company, from the Party.

Truong Thanh Phong, also former deputy Party chief of the state-controlled Vinafood II, violated regulations on Party members’ code of conduct, breached rules on management and operations of the company, and was responsible for violations in the management and use of the land at 132 Ben Van Don, Ward 6, District 4, HCMC, according to a release from the inspection committee on Friday.

Nguyen Hong Phu, also former Party chief and former director of state-run Phu Rieng Rubber Company and former deputy general director of state-controlled Vietnam Rubber Industry Group (VRG), committed violations in leading and managing Phu Rieng.

Previously, Phu had been sentenced by the Ho Chi Minh City People’s Court to three years and six months in prison for “intentionally breaching the State’s regulations on economic management, causing serious consequences”.

The inspection committee also expelled Nguyen Quang Thong, former member of the standing board of the Central Youth Union’s Party Committee and former editor in chief of Thanh Nien (Young People) newspaper, from the Party.

Thong was found to have violated regulations on Party members’ code of conduct and breached rules on management, leading to losses and waste of State assets related to the land at 132 Ben Van Don, Ward 6, District 4, HCMC.

Another case of losing the Party member position is Do Cao Dai, former deputy Party chief and former deputy head of BIDV bank’s West Saigon branch.

Dai breached regulations on Party members’ code of conduct and regulations on appraising and approving loan applications, causing damage to the branch.

The inspection committee also proposed disciplining Le Duy Minh, Party chief and director of the HCMC Department of Finance, and former Party chief and former director of the HCMC Tax Agency.

Minh violated regulations on Party members’ code of conduct, abused positions and power, and accepted bribes.