Former deputy trade minister arrested for Electricity Vietnam-related violations
Hoang Quoc Vuong, former Deputy Minister of Industry and Trade, has been detained on charges of wrongdoings related to a scam that occurred at state utility Vietnam Electricity (EVN).
Former deputy trade minister Hoang Quoc Vuong at the investigative agency. Photo courtesy of the Ministry of Public Security.
Lieutenant General To An Xo, spokesman for the Ministry of Public Security, said Thursday that Vuong had been detained two days ago by the ministry's investigative agency for further investigation into his alleged abuse of positions and power while on duty.
Vuong, 61, graduated from the Russian State University for Geological Prospecting (MGRI) in Moscow, and then held many senior positions such as vice chairman of the Thai Nguyen province People's Committee before being appointed deputy trade minister in August 2010.
In September 2012, he was transferred to EVN to become board chairman and chief of the group's Party Committee. Three years later, he stopped working at EVN to again become a deputy trade minister.
During his period as deputy trade minister from 2015 to 2020, Vuong was assigned to direct work in the fields of electricity, renewable energy, environment and sustainable development, safety, information technology, and market development.
In November 2020, he was appointed board chairman of state-owned Petrovietnam and retired on January 1, 2024, one day before his arrest.
In the case of abusing position and power while on duty at the trade ministry and other provinces and cities, in November, the investigative agency launched legal proceedings against six people.
Among these are Nguyen Danh Son, director of Electricity Trading Company, and three subordinates; Tran Quoc Hung, deputy head of the public relations and licensing department under the trade ministry's Electricity Regulatory Authority; and Trinh Van Doan, an officer at the department.
- Related News
- Read More
Int’l investment funds interested in Danang’s financial center: city leader
International investors and financial investment funds from the U.S., Singapore, the Middle East, and Switzerland are highly interested in developing a financial center in Danang, says Ho Ky Minh, the central city’s Vice Chairman.
Economy - Fri, January 17, 2025 | 12:49 pm GMT+7
Samsung’s ex-HR head Na Ki-hong to lead Samsung Vietnam from next month
Na Ki-hong, deputy CEO of Samsung Vietnam and former human resources head at Samsung Electronics, will succeed Choi Joo Ho as CEO of Samsung Vietnam from February.
Companies - Fri, January 17, 2025 | 12:41 pm GMT+7
Vietnam, Poland agree to consider elevating relations to strategic partnership
Vietnamese Prime Minister Pham Minh Chinh and his Polish counterpart Donald Tusk have agreed that the two sides should consider upgrading relations to a strategic partnership soon, on the basis of high political trust and positive results of the 75-year traditional friendship.
Politics - Fri, January 17, 2025 | 10:59 am GMT+7
Japan’s Erex to operate wood pellet plant in northern Vietnam next month
Japan's renewable energy firm Erex is conducting trial production at its wood pellet plant in Vietnam’s northern mountainous province of Tuyen Quang and will put it into official operation in February.
Energy - Fri, January 17, 2025 | 10:54 am GMT+7
AI can’t compete with human in curiosity, creativity, emotional intelligence: FPT exec
AI lacks curiosity, creativity, and emotional intelligence - the qualities that humans must prioritize to maintain their competitive edge, says Hoang Nam Tien, former chairman of FPT Software and FPT Telecom under Vietnam's leading tech corporation FPT.
Companies - Fri, January 17, 2025 | 9:41 am GMT+7
HCMC’s Can Gio port project gets in-principle approval
Vietnamese Prime Minister Pham Minh Chinh has granted in-principle approval to the Can Gio International Transshipment Port project in Ho Chi Minh City, with investment capital exceeding VND50 trillion ($1.97 billion).
Infrastructure - Fri, January 17, 2025 | 8:17 am GMT+7
Vietnam's Big 4 lender Vietcombank to issue nearly 2.8 bln shares for dividend payment
Vietcombank will expand its chartered capital from VND55,891 billion to VND83,557 billion ($3.29 billion) via an issuance of shares to pay dividends, becoming the largest bank in Vietnam by chartered capital.
Banking - Thu, January 16, 2025 | 7:58 pm GMT+7
Indonesia exports $1.5 million worth of steel to New Zealand
Indonesian Trade Minister Budi Santoso on Wednesday sent off export consignments of welded beam steel, measuring 1,200 metric tons and valued at $1.5 million, to New Zealand, reported national news agency Antara.
Southeast Asia - Thu, January 16, 2025 | 7:17 pm GMT+7
Vietnam to build Ninh Thuan nuclear power plant within 5 years
Vietnam strives to complete building its Ninh Thuan nuclear power plant in five years (by 2030), towards the 100th anniversary of the Communist Party of Vietnam (1930-2030).
Energy - Thu, January 16, 2025 | 5:06 pm GMT+7
Malaysia, UK discuss elevating relations to strategic partnership
Malaysian Prime Minister Datuk Seri Anwar Ibrahim and his UK counterpart Keir Starmer discussed the elevation of bilateral relations to a strategic partnership during their talk in London on Wednesday.
Southeast Asia - Thu, January 16, 2025 | 3:30 pm GMT+7
Thailand’s Central Retail opens $11 mln GO! hypermarket in central Vietnam
Thailand’s leading retailer Central Retail opened a hypermarket per its GO! model in Vietnam’s south-central province of Ninh Thuan on Wednesday.
Industries - Thu, January 16, 2025 | 3:29 pm GMT+7
Investment Support Fund: A Strategic leap for Vietnam's economic future
The Vietnamese Government's Decree No. 182/2024/ND-CP, which outlines the establishment, management and use of the Investment Support Fund, represents not just policy instruments for attracting investment but also foundations for advancing strategic sectors and elevating the country's position in the global economy, writes Tran Anh Son, tax & legal director, Global Innovation and Investment Incentives (Gi3), Deloitte Vietnam.
Economy - Thu, January 16, 2025 | 2:55 pm GMT+7
Vietnam PM orders appraisal of tax policies to curb property speculation
The Ministry of Finance needs to study tax policies to curb property speculation in line with Vietnam’s socio-economic conditions and international practices, Prime Minister Pham Minh Chinh has requested.
Real Estate - Thu, January 16, 2025 | 2:40 pm GMT+7
Vietnam’s budget carrier VietJet can pilot China's Comac aircraft on some routes: Deputy PM
China’s state-owned aerospace manufacturer Comac and Vietnam’s budget airline VietJet should collaborate with a Chinese airline having Comac aircraft to pilot Comac aircraft on some of VietJet routes, says Vietnamese Deputy Prime Minister Tran Hong Ha.
Companies - Thu, January 16, 2025 | 12:26 pm GMT+7
Offshore wind power investors can sell entire projects in Vietnam: draft decree
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade will facilitate investors to sell their projects or stakes.
Energy - Thu, January 16, 2025 | 11:27 am GMT+7
Build your own sales channels if e-commerce competition too harsh: NextTech exec
If e-commerce competition is too harsh, Vietnamese businesses should develop their own sales channels and customer databases, says Nguyen Hoa Binh, founder and chairman of NextTech Group, a leading technology startup in Vietnam.
Economy - Thu, January 16, 2025 | 9:05 am GMT+7
