Former HCMC chairman Le Thanh Hai removed from all Party positions
Le Thanh Hai, former Politburo member, former Ho Chi Minh City Party chief, and former chairman of the metropolis, has been stripped of all Party positions by the Party Central Committee.
The decision to discipline Hai was made at a Party Central Committee meeting, according to the committee's announcement on Thursday.

Le Thanh Hai, former Politburo member, former Ho Chi Minh City Party chief, and former chairman of the metropolis. Photo courtesy of Vietnam News Agency.
Two days ago, the Politburo, the country's highest decision-making body, and the Party Central Committee's Secretariat determined that Le Thanh Hai, along with Le Hoang Quan and Nguyen Thanh Phong - former Party Central Committee members and former HCMC People's Committee chairmen, had violated the principle of democratic centralism; Party rules and State laws; regulations on Party members' code of conduct and responsibility to set a good example as leaders.
They were also found to have lacked responsibility and showed lax leadership, allowing many violations and shortcomings to occur at the city's Party Committee and government.
These violations caused "serious consequences, risks of damage and loss of huge amounts of state money and assets, and led to the occurrence of serious or especially serious criminal cases". Many Party organizations, officials, and Party members were disciplined or handled as criminals, causing public anger and reducing the reputation of the city's Party organization and government.
Le Thanh Hai, 74 (hometown: Chau Thanh district, Tien Giang province), is a Politburo member for the 10th and 11th tenures and a Party Central Committee member for the 9th and 11th tenures. His career was closely associated with HCMC, holding many leadership positions like vice chairman of the city, chairman, and city Party chief for two terms 2005-2010 and 2010-2015.
In March 2020, Hai was dismissed from his position as former Party chief of HCMC for the period 2010-2015 as he held responsibility for violations related to the Thu Thiem new urban area project.
The Central Inspection Committee on May 8 proposed disciplinary action against Hai for violations related to property group Van Thinh Phat.
- Read More
Vietnam’s VPBank targets 35% annual credit growth over next 5 years
Vietnam’s leading private lender VPBank expects to post annual credit growth of 35% over the next five years after taking over weaker lender GPBank, said VPBank chairman Ngo Chi Dung.
Banking - Tue, April 29, 2025 | 8:17 am GMT+7
Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam
Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.
Economy - Mon, April 28, 2025 | 11:07 pm GMT+7
Malaysia highlights roles of ASEAN, BRICS in regional cooperation
Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.
Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7
Singapore negotiates for US concessions on pharmaceuticals, chips
Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.
Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7
Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit
Idico Corporation, a major industrial park developer in Vietnam, has applied for listing its shares on the Ho Chi Minh Stock Exchange (HoSE) and kept its 2025 business plan unchanged with a pre-tax profit target of VND2.6 trillion ($100 million).
Companies - Mon, April 28, 2025 | 9:53 pm GMT+7
Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam
Sun Group, Vietnam's leading real estate developer, on Saturday broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa.
Real Estate - Mon, April 28, 2025 | 9:30 pm GMT+7
Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years
In the Bank Satisfaction Rankings 2025, Saigon-Hanoi Bank (SHB) not only makes it to the top 10 but also stands out as the bank with fastest growth in customer satisfaction for two consecutive years.
Companies - Mon, April 28, 2025 | 4:19 pm GMT+7
India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam
Indian-invested KCP Vietnam Industries Limited has proposed raising the capacity of its Son Hoa sugar plant to 15,000 tons of sugarcane per day and deploying the 45 MW second phase of its 75 MW KCP Phu Yen biomass power plant, both in Phu Yen province.
Industries - Mon, April 28, 2025 | 3:35 pm GMT+7
Central Vietnam hub Danang eyes country's 'first urban complex on the sea'
The central city of Danang is studying an urban complex project on Da Nang Bay, with five floating islands - home to an international service, commercial and financial center complex.
Real Estate - Mon, April 28, 2025 | 1:49 pm GMT+7
Private equity firm Creador acquires 13% of Vietnam’s Long Chau pharmacy chain
Creador Sdn. Bhd., a private equity firm headquartered in Malaysia, has acquired a 13% stake in FPT Long Chau Investment JSC, one of Vietnam’s largest pharmacy chains and a subsidiary of retail major FPT Retail.
Companies - Mon, April 28, 2025 | 12:00 pm GMT+7
Major Vietnamese contractor Hoa Binh to raise $133 mln for bank, supplier payments
Hoa Binh Construction Group, one of Vietnam's top contractors, plans a private placement for up to 347 million shares, with an estimated total value of VND3.47 trillion ($133.4 million).
Companies - Mon, April 28, 2025 | 11:51 am GMT+7
Chocolate Alluvia celebrates Vietnam's Reunification Day with 4 HCMC stores to watch the parade
Xuan Ron Cho Gao Cocoa Co., Ltd., the maker of Alluvia Chocolate from Tien Giang province, is joining the celebration of Vietnam’s Reunification Day - April 30, with four stores favorably positioned around Nguyen Hue and Le Loi walking streets in District 1, Ho Chi Minh City.
Travel - Mon, April 28, 2025 | 8:57 am GMT+7
Two Vietnamese banks to list on stock exchanges in 2025
Vietnamese private lenders VietABank and KienlongBank are set to move their shares from the unlisted public companies market UPCoM to the Ho Chi Minh City or Hanoi stock exchanges in 2025.
Banking - Mon, April 28, 2025 | 8:24 am GMT+7
AI to reshape Malaysia’s economic landscape: expert
Artificial intelligence (AI) is set to significantly reshape Malaysia’s economic landscape, presenting not only challenges but also groundbreaking opportunities for growth, job creation, and innovation, according to an expert.
Southeast Asia - Sun, April 27, 2025 | 5:35 pm GMT+7
Vietnam's retail giant Mobile World to keep growing even if market stagnates: chairman
Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, will continue to grow even if the market stagnates or retreats, said chairman Nguyen Duc Tai.
Companies - Sun, April 27, 2025 | 5:24 pm GMT+7
Japanese PM Ishiba arrives in Hanoi, beginning three-day visit
Japanese Prime Minister Ishiba Shigeru and his spouse, together with a high-level Japanese delegation, arrived in Vietnam on Sunday for a three-day official visit from April 27 to 29.
Economy - Sun, April 27, 2025 | 3:58 pm GMT+7