Five coast guard generals arrested over asset embezzlement

By Thai Ha
Mon, April 18, 2022 | 4:33 pm GMT+7

The Defense Ministry’s criminal investigation agency on Monday arrested five coast guard generals and two lieutenant colonels on accusations they embezzled assets.

The five generals include Lieutenant General Nguyen Van Son, former Commander of the Coast Guard; Lieutenant General Hoang Van Dong, former Political Commissar; Major General Doan Bao Quyet, former Deputy Political Commissar; Major General Pham Kim Hau, former Deputy Commander and Chief of Staff; and Major General Bui Trung Dung, former Deputy Commander.

 Lieutenant General Nguyen Van Son. Photo courtesy of the Vietnam Coast Guard Command.

Lieutenant General Nguyen Van Son. Photo courtesy of the Vietnam Coast Guard Command.

The two lower-level officers detained are Colonel Nguyen Van Hung, Technical Director cum Deputy Commander, and Senior Colonel Bui Van Hoe, Deputy Head of Finance Division under the Vietnam Coast Guard Command.

They were investigated for “property embezzlement” under Clause 4, Article 353 of the Penal Code. The decisions were approved by the Central Military Procuracy.

Previously, the Secretariat of the Party Central Committee had warned the Standing Board of the Coast Guard Party Committee for the 2015-2020 term and removed lieutenant generals Son and Dong, and major generals Quyet and Dung from all positions in the Party.

The above disciplinary decision was made after the Secretariat determined that the standing board had committed “very serious violations”. Many cadres and Party members, including the Party Committee’s Secretary and Deputy Secretary, Commander, Deputy Commander, as well as leaders and commanders of member units “have seen their political, moral, and lifestyle qualities degraded, causing especially serious consequences”.

The Vietnam Coast Guard Party Committee for the 2015-2020 term “lacked responsibility, showed their loose leadership and direction, lacked inspection and supervision”, so that the High Command and its member units had many serious violations of regulations of the Party, laws of the State and regulations of the Ministry of National Defense in the management and use of finance; implementation of capital construction investment projects; procurement of technical equipment, materials and goods; and fight against smuggling, causing very serious consequences.

Comments (0)
  • Read More
Property developer Kita Invest reports surges in 2023 liabilities, profit

Property developer Kita Invest reports surges in 2023 liabilities, profit

Kita Invest JSC, the real estate arm of Kita Group, had liabilities of VND13.97 trillion ($549 million) as of end 2023, up 34% from the beginning of the year, according to the firm's financial statements.

Companies - Sun, May 19, 2024 | 3:13 pm GMT+7

Gold mining project in central Vietnam at legal standstill

Gold mining project in central Vietnam at legal standstill

A gold mining project with an annual designed capacity of 13,800 tons of ore in Vietnam’s central province of Nghe An is on hold due to legal issues.

Industries - Sun, May 19, 2024 | 1:03 pm GMT+7

Japan pneumatics firm SMC plans relocation from China to Vietnam

Japan pneumatics firm SMC plans relocation from China to Vietnam

Japanese pneumatic instrument producer SMC Corp is planning to move mass-produced products to Vietnam and to have Chinese factories specialize in the Chinese market, says SCM president Yoshiki Takada.

Industries - Sun, May 19, 2024 | 10:33 am GMT+7

UN maintains Vietnam’s economic growth anticipation at 6% in 2024, 6.5% in 2025

UN maintains Vietnam’s economic growth anticipation at 6% in 2024, 6.5% in 2025

In its “World economic situation and prospects as of mid-2024,” the United Nations (UN) retained its projection of Vietnam’s economic growth at 6% in 2024 and 6.5% in 2025.

A year in review and 2024 forecasts - Sun, May 19, 2024 | 8:30 am GMT+7

VN-Index gains for 4 straight weeks

VN-Index gains for 4 straight weeks

Vietnam’s benchmark VN-Index experienced a positive trading week ending May 17 with four out of five sessions closing in the green, marking its gain for the fourth consecutive week since the sharp decline in mid-April.

Finance - Sun, May 19, 2024 | 6:42 am GMT+7

PM urges lower interest rates, term extension for social housing loans

PM urges lower interest rates, term extension for social housing loans

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam to design credit packages for social housing buyers with interest rates 3-5 percentage points lower than popular lending rates.

Real Estate - Sat, May 18, 2024 | 8:46 pm GMT+7

Vietnam wood company GDT choosing most beneficial orders this year: chairwoman

Vietnam wood company GDT choosing most beneficial orders this year: chairwoman

Duc Thanh Wood JSC has received orders until August this year and “we’ve had to choose the most beneficial ones,” says La Hai Lieu, chairwoman of Duc Thanh Wood JSC.

Companies - Sat, May 18, 2024 | 8:05 pm GMT+7

Police chief To Lam nominated as State President

Police chief To Lam nominated as State President

General To Lam, member of Vietnam's Politburo - the country's highest decision-making body and Minister of Public Security, has been nominated for the State President position.

Politics - Sat, May 18, 2024 | 4:40 pm GMT+7

Vietnam likely to grow 5.5-6 % this year: think tank

Vietnam likely to grow 5.5-6 % this year: think tank

Vietnam’s economy is likely to expand 5.5-6.0% this year, 0.5 percentage points lower than the government’s target, researchers with the Hanoi-based Vietnam Institute for Economics and Policy Research (VEPR) estimate.

Economy - Sat, May 18, 2024 | 4:31 pm GMT+7

Chu Lai Port in central Vietnam deploys Doosan Vina-produced crane system

Chu Lai Port in central Vietnam deploys Doosan Vina-produced crane system

Chu Lai International Port in the central province of Quang Nam has commissioned a specialized crane system to increase loading and unloading capacity, improving efficiency of its logistics service chain.

Companies - Sat, May 18, 2024 | 3:59 pm GMT+7

Emirates to add second daily Ho Chi Minh City-Dubai service

Emirates to add second daily Ho Chi Minh City-Dubai service

Dubai's flagship carrier Emirates will expand its presence in Vietnam by adding a second daily flight between Dubai and Ho Chi Minh City starting January 15, 2025, one month earlier than originally planned.

Travel - Sat, May 18, 2024 | 2:00 pm GMT+7

Police to join Vietnam central bank-led gold market inspections

Police to join Vietnam central bank-led gold market inspections

Representatives from the Ministry of Public Security will join central bank-led inspection teams that are looking into gold trading at local credit institutions and companies.

Finance - Sat, May 18, 2024 | 11:44 am GMT+7

Livestock industry stocks rally on skyrocketing pork prices

Livestock industry stocks rally on skyrocketing pork prices

Tickers of livestock farming companies gained sharply on Friday thanks to soaring pork prices.

Finance - Sat, May 18, 2024 | 10:09 am GMT+7

Housing, real estate business laws proposed to take effect from July 1

Housing, real estate business laws proposed to take effect from July 1

The Vietnamese government on Friday approved a proposal to put the new Housing Law and Law on Real Estate Business in place on July 1, six months earlier than the date approved by the National Assembly, the country's legislative body.

Real Estate - Sat, May 18, 2024 | 9:52 am GMT+7

Central Vietnam province eyes seaport infrastructure as catalyst for investment attraction

Central Vietnam province eyes seaport infrastructure as catalyst for investment attraction

Vietnam’s central coastal province of Thua Thien-Hue is increasingly becoming a promising land for seaport infrastructure investors, thanks to the enormous potential of its marine system and coastal lagoons.

Infrastructure - Sat, May 18, 2024 | 9:44 am GMT+7

Pi Group member to delay bond interest payment, cites ailing property market

Pi Group member to delay bond interest payment, cites ailing property market

Phuong Dong Land, a subsidiary of Ho Chi Minh City-based real estate developer Pi Group, has said it will delay bond interest payments of more than VND53.5 billion ($2.1 million).

Companies - Sat, May 18, 2024 | 8:06 am GMT+7