Vietnam Politburo disciplines Deputy PM Khai, Lam Dong province Party Committee

By Anh Minh
Tue, August 13, 2024 | 11:18 pm GMT+7

The Politburo, Vietnam’s supreme decision-making body, has issued warnings against Deputy Prime Minister Le Minh Khai and the Standing Board of Lam Dong province's Party Committee in the 2015-2020 and 2020-2025 tenures over wrongdoings related to an urban area project.

Deputy Prime Minister Le Minh Khai. Photo courtesy of the government’s news portal.

Deputy Prime Minister Le Minh Khai. Photo courtesy of the government’s news portal.

The decision was made during a meeting by the Party Central Committee's (PCC) Politburo and Secretariat in Hanoi on Tuesday to consider disciplinary measures against several Party organizations and members, following Central Inspection Commission proposals.

The Politburo and Secretariat determined that the Standing Board of Lam Dong province's Party Committee in the 2015-2020 tenure violated the principle of democratic centralism and working regulations, and failed to report to and ask for directions from the provincial Party Committee on the planning of three types of forests in the locality.

Such violations, lack of responsibility, and lax leadership led to the switching of using purposes of forest and housing land, the implementation of financial obligations, project management and construction order of three projects without legal foundations, causing a risk of loss of revenue and state budget.

The highest Party leaders also concluded that the Standing Board of the Lam Dong provincial Party Committee in the 2020-2025 tenure violated the principle of democratic centralism and working regulations, did not meet to discuss the policy of continuing to change the use purposes of forest land to housing land at the Dai Ninh eco-resort, trade and urban area project in Lam Dong’s Duc Trong district.

Saigon Dai Ninh Tourist Investment JSC, aka Saigon Dai Ninh Corp, was the sole investor of the project, which had an investment of VND25,243 billion ($1 billion at the current exchange rate) and covered an area of 3,595 hectares.

Saigon Dai Ninh Corp had a charter capital of VND2 trillion ($79.6 million). Its CEO Nguyen Cao Tri was arrested in January 2023. Tran Van Hiep, former Chairman of Lam Dong was arrested in January pending investigation into bribery taking related to the project. Tran Duc Quan, former secretary of Lam Dong's Party Committee, was also detained in the same month on charges of abusing his position while on duty.

Police investigations found that Tri owned a 58% stake in Saigon Dai Ninh Corp. Tri reached an agreement with Truong My Lan, chairwoman of Van Thinh Phat Group, to sell the whole company to the latter at VND3 trillion ($119.4 million). The deal then collapsed, and Lan switched to buying a 10% stake of Van Lang Group with the deposits she had paid to Tri.

The project has stalled 13 years after having land allocated by Lam Dong authorities, with just 10% implemented.

At the Tuesday meeting, the Politburo and Secretariat also determined that the Party Civil Affairs Committee of the Government Inspectorate in the 2016-2021 tenure showed a lack of responsibility and relaxed leadership and direction, allowing the Government Inspectorate to settle the petition from Saigon Dai Ninh Corp in contrary to regulations of the Inspection Law; proposed the project extension against the law.

Many officials and Party members have been disciplined and faced criminal charges for their involvement.

Le Minh Khai, former member of the PCC’s Secretariat, former member of the Party Central Committee, former Secretary of the Party Civil Affairs Committee, and former Inspector General of the Government Inspectorate, violated Party regulations and State laws in performing his duties and assigned tasks, and infringed the Party’s Code of Conduct, causing severe consequences and bad public opinion, the meeting heard.

At the meeting, the Politburo and Secretariat also found violations committed by the Party organizations and members in the Party organizations of the Ministry of Natural Resources and Environment and the provinces of Lang Son, Yen Bai, Phu Tho, Bac Ninh, Binh Thuan, and Ca Mau.

The PCC’s Secretariat also decided to give a warning to the Party Civil Affairs Committee of the Government Inspectorate in the 2016-2021 tenure.

Ten party members of the Party organizations of the Ministry of Natural Resources and Environment and the abovementioned provinces were expelled from the Party.

The Politburo and Secretariat asked relevant agencies to impose disciplinary measures on the abovementioned officials and Party organizations in a timely manner, ensuring that they are in line with the Party's disciplinary measures.

Comments (0)
  • Read More
Vietnam likely earn $5 bln from rice exports this year

Vietnam likely earn $5 bln from rice exports this year

Vietnam’s rice exports are expected to reach a record turnover of about $5 billion this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.

Southeast Asia - Mon, September 16, 2024 | 10:48 pm GMT+7

Petrovietnam named most profitable firm in 2024

Petrovietnam named most profitable firm in 2024

State-run PetroVietnam continues topping the Profit500 list, which names 500 most profitable enterprises in Vietnam in 2024.

Southeast Asia - Mon, September 16, 2024 | 10:45 pm GMT+7

Indonesia’s digital economy sector generates $1.75 bln in tax revenue

Indonesia’s digital economy sector generates $1.75 bln in tax revenue

The tax revenue from the digital economy sector in Indonesia reached IDR 27.85 trillion ($1.75 billion) from 2022 to the end of August 2024, according to the Taxation Directorate General under the country’s Finance Ministry.

Southeast Asia - Mon, September 16, 2024 | 10:41 pm GMT+7

Hoa Binh Construction Group shares to appear on unlisted public companies market from Wed

Hoa Binh Construction Group shares to appear on unlisted public companies market from Wed

More than 347 million Hoa Binh Construction Group (HBC) shares will be registered on the unlisted public companies market UPCoM Wednesday, after being delisted from the Ho Chi Minh Stock Exchange on September 6.

Finance - Mon, September 16, 2024 | 10:36 pm GMT+7

Typhoon Yagi can reduce Vietnam GDP growth by 0.2-0.5 percentage points: Mitsubishi UFJ Financial Group

Typhoon Yagi can reduce Vietnam GDP growth by 0.2-0.5 percentage points: Mitsubishi UFJ Financial Group

Super typhoon Yagi can reduce Vietnam’s GDP growth this year by 0.2-0.5 percentage points, according to a Monday commentary of Mitsubishi UFJ Financial Group (MUFG), among the biggest banking institutions in Japan.

Economy - Mon, September 16, 2024 | 5:10 pm GMT+7

Vietnam’s BAF partners with China’s Muyuan to take up high-tech livestock farming

Vietnam’s BAF partners with China’s Muyuan to take up high-tech livestock farming

BAF Vietnam Agricultural JSC has struck a partnership with China’s Muyuan Foods Co. Ltd. on technology transfer and application of artificial intelligence throughout the livestock chain.

Companies - Mon, September 16, 2024 | 5:00 pm GMT+7

Vietnam considers 300-MW small modular nuclear reactors to ensure stable power supply

Vietnam considers 300-MW small modular nuclear reactors to ensure stable power supply

Vietnam’s latest national power development plan VIII (PDP VIII) does not include nuclear power, but the country is considering small modular reactors (SMRs), including floating reactors, with a capacity of 300 MW each.

Energy - Mon, September 16, 2024 | 4:05 pm GMT+7

Vietnam stock market outlook positive despite corrections week: experts

Vietnam stock market outlook positive despite corrections week: experts

Experts are maintaining a positive outlook for Vietnam’s benchmark VN-Index from now until the end of the year despite the stock market experiencing corrections during the September 9-13 trading week.

Finance - Mon, September 16, 2024 | 3:25 pm GMT+7

Trung Nguyen E-Coffee aims domestic, international expansion to 3,000 stores with new franchise model

Trung Nguyen E-Coffee aims domestic, international expansion to 3,000 stores with new franchise model

Trung Nguyen E-Coffee has introduced a new franchise model that could see the total number of domestic and international stores soar from the current 800 to 3,000 by the end of next year.

Companies - Mon, September 16, 2024 | 3:11 pm GMT+7

Korean chaebol Hyosung faces hurdles with $1.34 bln central Vietnam investments

Korean chaebol Hyosung faces hurdles with $1.34 bln central Vietnam investments

South Korean conglomerate Hyosung has reported several difficulties related to land allocation for its projects and compensation for residents as it implements investments worth $1.34 billion in Quang Nam province.

Industries - Mon, September 16, 2024 | 3:05 pm GMT+7

Foreign internet-based service providers pay Vietnam $253 mln in taxes in 8 months

Foreign internet-based service providers pay Vietnam $253 mln in taxes in 8 months

Vietnam collected nearly VND6.2 trillion ($252.6 million) from foreign internet-based service providers via a local tax payment portal in the first eight months of 2024, up 24% year-on-year.

Finance - Mon, September 16, 2024 | 12:32 pm GMT+7

Vietnam seeks Samsung collaboration to train semiconductor engineers

Vietnam seeks Samsung collaboration to train semiconductor engineers

Samsung should continue cooperating with the National Innovation Center (NIC), under the Ministry of Planning and Investment (MPI), to help Vietnam’s target of training 50,000 semiconductor engineers by 2030.

Companies - Mon, September 16, 2024 | 11:07 am GMT+7

HSBC Vietnam’s post-tax profit falls one third in H1

HSBC Vietnam’s post-tax profit falls one third in H1

HSBC Bank (Vietnam) Ltd., under London-headquartered lender HSBC, recorded a post-tax profit of VND1,787.1 billion ($72.8 million) in the first half of this year, down 32.5% year-on-year.

Banking - Mon, September 16, 2024 | 8:12 am GMT+7

Lack of ‘compelling stories’ undermines stock market vibrancy: brokers

Lack of ‘compelling stories’ undermines stock market vibrancy: brokers

Vietnam’s stock market is yet to strike a “dragon vein” and lacks “compelling stories” to attract more investors, representatives of major broker houses in the country said at a talk show Friday.

Banking & Finance - Sun, September 15, 2024 | 8:58 pm GMT+7

First body found in northern Vietnam bridge collapse

First body found in northern Vietnam bridge collapse

The body of one of the eight missing victims in Phong Chau bridge collapse that occurred on September 9 in Phu Tho province, northern Vietnam was found on Saturday afternoon.

Society - Sun, September 15, 2024 | 3:00 pm GMT+7

Vietnam industrial park developer Becamex IJC to pay $10.8 mln in 2023 dividends

Vietnam industrial park developer Becamex IJC to pay $10.8 mln in 2023 dividends

Becamex IJC, a leading urban and industrial park developer in Vietnam, plans to pay 2023 cash dividends to shareholders at a rate of 7% this December.

Companies - Sun, September 15, 2024 | 2:04 pm GMT+7