Three Party Central Committee members dismissed
Party Central Committee members Nguyen Thanh Phong, Bui Nhat Quang, and Huynh Tan Viet were dismissed Monday for work violations.
At the 13th Party Central Committee’s sixth plenum that started Monday, committee members voted and agreed for the trio to be removed from the 13th Party Central Committee.
They include Nguyen Thanh Phong, deputy head of Central Economic Commission; Bui Nhat Quang, head of Vietnam Academy of Social Sciences; and Huynh Tan Viet, Secretary of Party Committee of Central Agencies' Bloc.
Previously, on July 8, the Politburo warned Nguyen Thanh Phong for his violations while holding the position of deputy secretary of HCMC's Party Committee and the city's chairman.
Phong was found to have violated regulations on Party members’ conduct and leaders' responsibility to set an example.
He is responsible for the violations and shortcomings of HCMC’s Party leadership and people’s committee in the 2016-2021 term; directly responsible for his own violations and shortcomings in performance of duties.
The Politburo, a premier decision-making body of the Party, assessed that Phong’s violations "have caused 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."
On September 30, the Politburo warned Bui Nhat Quang, head of the Vietnam Academy of Social Sciences, and asked relevant authorities to take disciplinary action against him.
Quang was found to have violated the Academy Party Committee’s principles in Party organization and activities and working regulations, leading to disunity. He violated the regulations on Party members’ conduct and leaders’ responsibility to set an example; lacked responsibility, showed loose direction and management, and lacked inspection and supervision.
As a result, the academy and a number of its member units had many long-standing violations in personnel affairs; management of finance, assets and public investments; management of scientific research and training; handling complaints and denunciations; following the instructions and conclusions of higher-level Party organizations.
Bui Nhat Quang’s violations and shortcomings were assessed as "causing serious consequences, internal disunity, frustration among cadres and Party members, adversely affecting the reputation of Party organizations, Vietnam Academy of Social Sciences and his own."
On July 22, the Politburo warned Huynh Tan Viet, former Party secretary of Phu Yen and former chairman of the province's legislature body over his violations in performance of duties.
As leader, Viet was mainly responsible for violations and wrongdoings of Phu Yen's Party units and directly responsible for violations and wrongdoings in performance of personal duties.
His violations and shortcomings caused serious consequences, leading to great damage to the state budget; reducing the prestige of Party organisations, the local government and Viet personally; and causing bad public opinion and anger in society.
In January 2021, the 13th Party Congress elected the 13th Central Committee with 180 official members and 20 alternate members. To date, three members have been expelled from the Party, including former Hanoi mayor Chu Ngoc Anh, former health minister Nguyen Thanh Long and former secretary of Hai Duong’s Party Committee Pham Xuan Thang.
Tran Van Nam, former secretary of Binh Duong’s Party Committee, was removed from all Party positions. Three others were dismissed from the Party Central Committee, including Nguyen Thanh Phong, Bui Nhat Quang, and Huynh Tan Viet.
The moves mean the 13th Party Central Committee currently has 173 official members and 20 alternate members.
- Read More
Sumitomo subsidiary acquires 49% stake in Vietnam’s top crop protection firm
Summit Agro International Ltd., a member of Japanese conglomerate Sumitomo, has acquired a 49% stake in Hop Tri Investment Corporation, a leading crop protection firm in Vietnam.
Companies - Fri, November 22, 2024 | 8:25 pm GMT+7
E-wallets get thin as banking apps prosper in Vietnam
E-wallets appear unable to compete strongly against online banking applications in Vietnam, several market observers say.
Banking - Fri, November 22, 2024 | 7:15 pm GMT+7
Use social media influencers in targeted manner for e-commerce success: Vietnam execs
Vietnamese companies should use new generation influencers in a targeted manner, prioritizing specific market segments, standardizing quality and focusing on strong product categories to achieve e-commerce success, says Nguyen Ngoc Luan, CEO of Meet More Coffee.
Companies - Fri, November 22, 2024 | 4:26 pm GMT+7
VinFast’s parent, PV Power partner to speed up charging station expansion
Vietnamese private conglomerate Vingroup, the parent firm of electric vehicle manufacturer VinFast, and state-controlled PV Power have entered an agreement to develop charging stations across the country and promote rooftop solar installations.
Companies - Fri, November 22, 2024 | 4:11 pm GMT+7
Petrovietnam, Petronas to boost renewable energy cooperation
Petrovietnam and Petronas, two state-owned oil & gas giants of Vietnam and Malaysia, will further cooperate in renewable energy, including exchange of information, knowledge, and experiences.
Energy - Fri, November 22, 2024 | 2:59 pm GMT+7
FTSE Vietnam ETF may heavily buy Vinhomes, sell Vingroup in upcoming reshuffle: broker
FTSE Vietnam ETF is forecast to strongly buy in several Vietnamese heavyweights such as Vinhomes, Hoa Phat, and Vietcombank in its upcoming portfolio reshuffle.
Finance - Fri, November 22, 2024 | 2:45 pm GMT+7
$681 mln central Vietnam urban area project eyed by Sun Group gets authorities' nod
A VND17.3 trillion ($681 million) urban area project that is drawing the interest of major realty developer Sun Group has received an in-principle approval from Khanh Hoa province's administration.
Real Estate - Fri, November 22, 2024 | 1:53 pm GMT+7
Vietnam foreign ministry dismisses allegations of tightening visa rules for foreigners
Allegations of Vietnam tightening visa policies and control over foreigners are "baseless", Foreign Ministry spokeswoman Pham Thu Hang said Thursday.
Politics - Fri, November 22, 2024 | 11:29 am GMT+7
Thailand-invested food giant CP fined $31,000 for environmental violations
Vietnam’s southern province of Dong Nai has issued a fine of VND790 million ($31,080) to Thailand-invested C.P. Vietnam Corporation for violating environmental regulations.
Companies - Fri, November 22, 2024 | 10:48 am GMT+7
Vietnamese billionaire’s daughter spends $25 mln on Masan share purchases
Nguyen Yen Linh, the daughter of chairman Nguyen Dang Quang of consumer goods giant Masan Group (HoSE: MSN), has purchased nearly 8.5 million MSN shares over the past three weeks, meeting 85% of her target.
Finance - Fri, November 22, 2024 | 10:27 am GMT+7
PYN Elite manager upbeat about Vietnam’s economy, stock market despite Trump uncertainty
The Vietnamese economy will still fare well, and the local stock market will remain appealing despite the recent pullback following Donald Trump’s election win for a second term, said Petri Deryng, portfolio manager of Finland-based the PYN Elite fund.
Finance - Fri, November 22, 2024 | 8:25 am GMT+7
Central Vietnam province plans to build $2.4 bln LNG power plant from 2031
The 4,800-MW Chan May LNG power plant, with an investment of $2.4 billion, can be deployed in 2031-2035, according to Thua Thien Hue authorities.
Energy - Thu, November 21, 2024 | 10:41 pm GMT+7
Indonesia, France step up cooperation in economy, defence
Indonesian President Prabowo Subianto discussed economic and defence cooperation during a bilateral meeting on Tuesday with French President Emmanuel Macron on the sidelines of the G20 Summit in Rio de Janeiro, Brazil, Antara reported.
Southeast Asia - Thu, November 21, 2024 | 10:25 pm GMT+7
Thai economy to maintain upward momentum in 2025
The National Economic and Social Development Council of Thailand (NESDC) expects the Thai economy to sustain its upward momentum in 2025 with a growth of 2.3-3.3% despite growing risks.
Southeast Asia - Thu, November 21, 2024 | 10:24 pm GMT+7
Former parliament chairman Vuong Dinh Hue warned for violations
The Politburo, Vietnam's supreme decision making body, on Wednesday issued warnings to Vuong Dinh Hue, former Chairman of the National Assembly, and Nguyen Van The, former Minister of Transport, for violations while on duties.
Politics - Thu, November 21, 2024 | 10:10 pm GMT+7
Sumitomo insists on building LNG power plant in central Vietnam
Japanese trading house Sumitomo has been pushing for a liquefied natural gas (LNG)-fed power plant investment in Vietnam’s central province of Khanh Hoa.
Energy - Thu, November 21, 2024 | 8:53 pm GMT+7