Former shipbuilding corporation chairman expelled from Communist Party
Nguyen Ngoc Su, former chairman of the state-owned Shipbuilding Industry Corporation's board of members, was removed from the Vietnam Communist Party on Tuesday.
The Poliburo, the Party's premier decision-making body and the Party Central Committee's Secretariat, found that Su, also former Secretary of the company's (SBIC) Party Committee, violated the principle of democratic centralism, Party regulations, State laws, working regulations, and the Party members' code of conduct and responsibility to set an example.
His violations were deemed to have caused very serious consequences that will be difficult to remedy, causing frustration in society and adversely affecting the reputation of Party organizations and the SBIC's business.
Su was sentenced to 13 years in prison in 2019 for abusing his positions and power to appropriate property.
Nguyen Ngoc Su (second from left), former chairman of the state-owned Shipbuilding Industry Corporation, at court in 2019. Photo courtesy of Youth newspaper.
On December 21, the Central Inspection Committee had warned the standing board of the corporation's Party Committee in the 2010-2015 term and Vu Anh Tuan, secretary of the company's Party Committee and its board chairman, and reprimanded Cao Thanh Dong, general director.
Also on Tuesday, the Secretariat expelled Nguyen Thanh Tuan, secretary of the Party Committee of Thai Nguyen province's Department of Natural Resources and Environment and the department's director.
Nguyen Ngo Quyet, secretary of Phu Binh district's Party Committee and former director of Thai Nguyen's Department of Industry and Trade, was also removed from the Party.
Tuan and Quyet were found to have violated Party regulations and State laws while performing their duties; breached regulations on Party members' code of conduct and responsibility to set an example; and showed deteriorating political ideology, morality and lifestyle.
The above violations led to "very serious consequences, risks of great losses to the State, causing bad public opinion and anger in society and adversely affecting the reputation of Party organizations and state management agencies."
- Read More
London-based EnQuest acquires fellow firm Harbour Energy’s Vietnam business
EnQuest, listed on the London Stock Exchange (LON) as ENQ, has acquired activities in Vietnam of fellow firm Harbour Energy (LON: HBR), the former said on Wednesday.
Energy - Wed, January 22, 2025 | 6:47 pm GMT+7
Honda, Toyota urge Vietnam to provide tax, fee incentives for cars, hybrid EVs
Honda and Toyota, based in Vietnam’s northern province of Vinh Phuc, have urged Vinh Phuc authorities to propose relevant authorities provide tax and fee incentives for automobiles and hybrid electric vehicles (EV).
Companies - Wed, January 22, 2025 | 4:14 pm GMT+7
Vietnam's leading publisher hailed for textbook price reductions
The Vietnam Education Publishing House (VEPH) achieved remarkable success in 2024, particularly in implementing synchronous solutions to reduce textbook prices, said Deputy Minister of Education and Training Pham Ngoc Thuong.
Companies - Wed, January 22, 2025 | 3:44 pm GMT+7
Schneider Electric keen to partner with Nvidia in developing data centers in Vietnam
Schneider Electric is keen to cooperate with U.S tech giant Nvidia in developing data centers in Vietnam, said Jean-Pascal Tricoire, chairman of the French industrial technology giant.
Economy - Wed, January 22, 2025 | 3:27 pm GMT+7
Fitch downgrades SCG Chemicals to A- partly due to Long Son Petrochemicals in Vietnam
Fitch Ratings has downgraded SCG Chemicals (SCGC), an arm of Thailand’s giant Siam Cement Group (SCG), from “A(tha)” to “A-(tha)” for its senior unsecured rating of THB100 billion medium-term note program.
Companies - Wed, January 22, 2025 | 2:59 pm GMT+7
Over 64% of Japanese firms in Vietnam expect profit in 2024: Jetro survey
Up to 64.1% of Japanese companies in Vietnam expected to make profits in 2024, up 9.8 percentage points from the previous year, according to a survey by the Japan External Trade Organization (Jetro).
Economy - Wed, January 22, 2025 | 12:15 pm GMT+7
Carlsberg to up central Vietnam factory to 600 mln liters per year
Carlsberg is seeking permission to raise the capacity of its Hue factory in central Vietnam from 360 million to 600 million liters, or up 67%.
Companies - Wed, January 22, 2025 | 10:32 am GMT+7
Thai council urges ASEAN unity in US trade talks
The National Economic and Social Development Council (NESDC) of Thailand has recommended that Thailand collaborate with other ASEAN nations to negotiate trade agreements with the US to avoid high import tariffs and penalties.
Southeast Asia - Wed, January 22, 2025 | 9:35 am GMT+7
Coffee, non-alcoholic beverages generate 83 mln in 2024 net revenue for Vietnam instant coffee major
Vinacafé Bien Hoa, Vietnam's leading instant coffee maker, earned VND16 (0.06 U.S. cents) in gross profit for every VND100 ($0.4) of net revenue from coffee and non-alcoholic beverage sales, down 2% year-on-year.
Companies - Wed, January 22, 2025 | 9:31 am GMT+7
Indonesia welcomes WTO ruling on EU curbs on palm oil biofuel
Indonesia has welcomed a recent ruling by the World Trade Organisation (WTO), which found that the European Union (EU) discriminated against Indonesian palm oil-based biofuel, giving it unfair and detrimental treatment, in setting biofuel regulations, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
Southeast Asia - Wed, January 22, 2025 | 8:40 am GMT+7
Malaysia, EU resume FTA negotiations
President of the European Commission (EC) Ursula von der Leyen and Malaysian Prime Minister Anwar Ibrahim on Monday announced the resumption of an ambitious, modern, and balanced EU-Malaysia free trade agreement (FTA).
Southeast Asia - Wed, January 22, 2025 | 8:29 am GMT+7
Indonesia launches 37 energy projects
Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on Monday as the country is on track to achieve energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:02 pm GMT+7
Indonesia optimistic about ending fuel imports in five years
Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:00 pm GMT+7
Thailand eyes cryptocurrency to boost economy
Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.
Southeast Asia - Tue, January 21, 2025 | 9:59 pm GMT+7
Indonesia launches international carbon trading platform
Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.
Southeast Asia - Tue, January 21, 2025 | 9:58 pm GMT+7
Indonesia to tender new oil & gas blocks, reduce LPG imports
Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.
Southeast Asia - Tue, January 21, 2025 | 9:56 pm GMT+7
