Former HCMC chairman warned over violations
The Politburo, Vietnam Communist Party’s decision-making body, warned on Friday Nguyen Thanh Phong, former chairman of Ho Chi Minh City, for work-related violations.
The decision was made at a meeting chaired by Party General Secretary Nguyen Phu Trong, 16 days after the Party Central Inspection Committee proposed the Politburo consider taking disciplinary action against Phong.
Phong is also former deputy chief of the city’s Party Committee and currently a Party Central Committee member and deputy chief of Party Central Economic Commission.

Nguyen Thanh Phong, former chairman of Ho Chi Minh City. Photo courtesy of Tuoi Tre newspaper.
According to Party Central Committee’s Office, after considering the inspection committee’s proposal, the Politburo found that the Party leaders of HCMC People’s Committee in the 2016-2021 term had violated the principle of democratic centralism, working regulations; lacked responsibility; showed loose leadership and direction.
As a result, the people's committee, many organisations and individuals had violated the Party’s regulations and State laws on state asset and financial management, giving rise to many criminal cases, many Party organisations and Party members being disciplined, and many officials and Party members facing criminal charges.
Phong, as HCMC Party Committee's deputy chief and People’s Committee chairman, violated the regulations on Party members’ conduct and regulations on a leader's responsibility to set a good example.
"Nguyen Thanh Phong is mainly responsible for the violations and shortcomings of HCMC's Party leadership and People’s Committee in the 2016-2021 term. He is directly responsible for his own violations and shortcomings in the performance of duties."
The Politburo assessed that Phong’s violations “have caused very serious consequences” that are difficult to remedy, causing a great loss of state property and budget as well as frustration in society and among cadres, adversely affecting the reputation of Party organisations, the local government, and Phong personally.
Phong, 60, has a doctorate in economics. In August 2021, he was appointed deputy chief of the Party Central Economic Commission.
- Read More
Vietnam to have 34 cities, provinces, instead of 63: Party chief
Vietnam plans to reduce the number of cities and provinces from the current 63 to 34, as part of a scheme to streamline its administrative apparatus, Party General Secretary To Lam said Friday.
Politics - Sat, March 29, 2025 | 4:18 pm GMT+7
Thailand’s digital ad spending predicted to grow 10% in 2025
Thailand’s online advertising spending in 2025 is forecast to grow 10% to THB35 billion (over $1 billion), based on a gradual rebound of the local economy and intense competition in the digital industry, according to the Digital Advertising Association of Thailand (DAAT).
Southeast Asia - Sat, March 29, 2025 | 3:39 pm GMT+7
US Defence Secretary reaffirms alliance commitment during visit to Philippines
U.S. Secretary of Defence Pete Hegseth reaffirmed Washington’s strong commitment to its alliance with the Philippines during his official visit to the Southeast Asian country on Friday.
Southeast Asia - Sat, March 29, 2025 | 3:32 pm GMT+7
Southern Vietnam province Tra Vinh okays five more wind power projects
Vietnam's southern coastal province of Tra Vinh has granted in-principle approvals for five wind power plant projects, with a total investment of over VND 13.8 trillion ($540 million).
Southeast Asia - Sat, March 29, 2025 | 3:29 pm GMT+7
Vietnam, South Africa eye stronger air logistics links
Vietnam and South Africa are seeking to strengthen air logistics cooperation to meet rising trade and transportation demands.
Southeast Asia - Sat, March 29, 2025 | 3:24 pm GMT+7
Net profit of Vietnam-Singapore Industrial Park nearly doubles in 2024
Vietnam-Singapore Industrial Park J.V. Co., Ltd, or VSIP, the largest industrial park developer in Vietnam, posted VND3.28 trillion ($128.37 million) in net profit in 2024, up nearly 93% year-on-year.
Industrial real estate - Sat, March 29, 2025 | 3:18 pm GMT+7
Trump Organization eyes golf course, hotel projects in Vietnam
A consortium between the Trump Organization and its partner in Vietnam plans multiple investments worth billions of dollars in golf courses, hotels and real estate projects Vietnam, Reuters quoted the consortium’s spokesman as saying.
Real Estate - Sat, March 29, 2025 | 11:06 am GMT+7
Livestock major Dabaco invests in 8.2-hectare dry port in northern Vietnam
Vietnam’s leading livestock firm Dabaco has invested in an 8.2-hectare inland container depot (ICD) in Bac Ninh province, an emerging manufacturing hub in northern Vietnam and home to a Samsung Electronics plant.
Infrastructure - Sat, March 29, 2025 | 10:51 am GMT+7
Phuong Tien Minh appointed CEO of life insurer FWD Vietnam
Hong Kong-headquartered FWD Group Holdings Limited has appointed Phuong Tien Minh as CEO of life insurer FWD Vietnam, effective Thursday, March 27.
Finance - Sat, March 29, 2025 | 10:40 am GMT+7
Vietnam's Deputy PM backs formation of free trade zone in Binh Dinh province
Vietnam’s Deputy Prime Minister Nguyen Chi Dung on Friday expressed his support for an early study of a free trade zone in Phu My Port area, the south-central province of Binh Dinh.
Economy - Sat, March 29, 2025 | 8:25 am GMT+7
Vietnam offers numerous advantages for Skoda Auto's investment: executive
Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.
Industries - Fri, March 28, 2025 | 7:33 pm GMT+7
Vietnam plans to cut import tax for LNG to 2%
Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.
Energy - Fri, March 28, 2025 | 4:31 pm GMT+7
AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities
The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.
Energy - Fri, March 28, 2025 | 4:06 pm GMT+7
Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh
Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).
Industries - Fri, March 28, 2025 | 4:05 pm GMT+7
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7