Vietnam Politburo member in hot water

By Anh Minh
Fri, January 19, 2024 | 7:10 pm GMT+7

The Central Inspection Commission has proposed the Politburo and the Party Central Committee's Secretariat take disciplinary action against Tran Tuan Anh, a Politburo member and head of the Central Economic Commission, as Vietnam's anti-corruption drive intensifies.

Tran Tuan Anh, Politburo member and head of the Party Central Committee's Economic Commission. Photo courtesy of the commission.

Tran Tuan Anh, Politburo member and head of the Party Central Committee's Economic Commission. Photo courtesy of the commission.

Other former government officials, namely former Deputy Prime Minister Trinh Dinh Dung, former Minister-Government Office Chairman Mai Tien Dung, Deputy Minister of Industry and Trade Do Thang Hai, former Deputy Minister of Industry and Trade and chairman of Petrovietnam Hoang Quoc Vuong, are also likely to face disciplinary action.

The proposal was made after the Central Inspection Commission gathered on January 10, 11 and 19.

The commission also recommended disciplinary action against the trade ministry's Party Committee for the terms 2016-2021 and 2021-2026. Tran Tuan Anh was Minister of Industry and Trade cum head of the ministry’s Party Committee in the 2016-2021 period.

The Ministry of Public Security's investigative agency initiated criminal proceedings against and detained Do Thang Hai and Hoang Quoc Vuong in December and earlier this month, respectively, to further investigate their wrongdoings.

The commission stripped the Party membership of a deputy director of the finance ministry's price management department, and and three officials of Vietnam Electricity (EVN) and the trade ministry's electricity regulatory authority.

It also issued a warning against the Standing Committee of the trade ministry’s Party Committee for the 2015-2020 term, Party units of several departments of the ministry and a number of former officials of the ministry and EVN.

The actions followed up conclusions made by the Central Inspection Commission last month regarding violations of the Party’s democratic centralism principle and a lack of responsibility at the ministry’s Party Committee.

The commission also found out violations related to their recommendations and adoption of mechanisms for developing solar power and wind power; implementation of the adjusted Power Development Plan VII; adoption of gasoline trading mechanisms, misuse of the Price Stabilization Fund; carrying out biddings with Advanced International JS Company (AIC).

The inspectors concluded that the above-mentioned violations and mismanagement had caused serious consequences which will be hard to remedy, leading to potential heavy losses to state assets and triggering public indignation.

Early last year, the Vietnamese parliament released then-Deputy Minister Pham Binh Minh and President Nguyen Xuan Phuc, both members of the Politburo, the highest decision-making body in the country, from their duties.

Comments (0)
  • Read More
Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans

Vietnam tax authorities collect $169 mln from delinquent taxpayers through exit bans

Vietnam's tax authorities have collected about VND4.3 trillion ($169 million) from 6,500 delinquent taxpayers through exit ban measures so far this year, nearly five times the amount reported in the middle of the year.

Finance - Fri, December 20, 2024 | 10:29 pm GMT+7

French, Chinese EV manufacturers to invest in Indonesia

French, Chinese EV manufacturers to invest in Indonesia

Three global electric vehicle (EV) manufacturers - France’s Citroen and China’s BYD and AION - have committed to establishing EV manufacturing plants in Indonesia, Minister of Industry Agus Gumiwang Kartasasmita has announced.

Southeast Asia - Fri, December 20, 2024 | 6:42 pm GMT+7

Thailand optimistic about export prospects for 2025

Thailand optimistic about export prospects for 2025

With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about $305 billion.

Southeast Asia - Fri, December 20, 2024 | 6:36 pm GMT+7

Philippines imposes temporary import ban on live cattle from Japan

Philippines imposes temporary import ban on live cattle from Japan

The Philippines has imposed a temporary ban on the importation of live cattle and buffalo as well as their products from Japan due to the outbreak of lumpy skin disease (LSD), its Department of Agriculture said on Thursday.

Southeast Asia - Fri, December 20, 2024 | 5:53 pm GMT+7

Malaysia-China trade hits nearly $100 bln

Malaysia-China trade hits nearly $100 bln

Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly $98 billion between January and November, matching the 2023 total trade volume.

Southeast Asia - Fri, December 20, 2024 | 5:51 pm GMT+7

Indonesia to stop importing sugar in 2025

Indonesia to stop importing sugar in 2025

The Indonesian government expressed optimism that the plan to stop importing sugar and several other commodities in 2025 will be implemented due to increased domestic production.

Southeast Asia - Fri, December 20, 2024 | 5:50 pm GMT+7

Major defence industry corporations compete for market share in Vietnam

Major defence industry corporations compete for market share in Vietnam

Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.

Southeast Asia - Fri, December 20, 2024 | 5:36 pm GMT+7

Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam

Vingroup, Marubeni launches 3.7 MWh battery energy storage system in Vietnam

Japan's Marubeni Corporation, through its wholly-owned subsidiary Marubeni Green Power Vietnam Co., Ltd, has begun operating a battery energy storage system (BESS) project in Vietnam.

Energy - Fri, December 20, 2024 | 5:19 pm GMT+7

Vietnam Post turns to online sales of agricultural products to stay competitive

Vietnam Post turns to online sales of agricultural products to stay competitive

State-run Vietnam Post Corporation (Vietnam Post) recently launched nongsan.buudien.vn, an e-commerce platform dedicated to agricultural products, with an aim to tap into the year-end market and the promising potential of this business area.

Companies - Fri, December 20, 2024 | 4:25 pm GMT+7

Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam

Hong Kong-based furniture firm Man Wah to invest $50 mln more in Vietnam

Hong Kong-based Man Wah, among the largest home furnishing producers in the world, will invest an additional $50 million in Vietnam’s southern province of Binh Duong.

Industries - Fri, December 20, 2024 | 4:02 pm GMT+7

Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate

Vietnam's property giant Vinhomes shakes hands with Nomura Real Estate

Vietnam’s leading housing developer Vinhomes and Japan’s Nomura Real Estate Development Co., Ltd have signed an MoU on comprehensive strategic cooperation, aiming to leverage the strengths of both sides to bring international-standard products to the market.

Real Estate - Fri, December 20, 2024 | 2:42 pm GMT+7

2024 – a look back at ups and downs

2024 – a look back at ups and downs

Ngo Dang Khoa, head of markets and securities services, and Vu Binh Minh, associate director of rates trading at HSBC Vietnam offers an insight into Vietnam's economic landscape in 2024 and their 2025 forecasts.

Economy - Fri, December 20, 2024 | 1:21 pm GMT+7

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden's Bulten, China's ZJK team up to make micro screws in Vietnam

Sweden’s Bulten and China’s ZJK Precision Parts will jointly manufacture micro screws in Vietnam, targeting production from 2025, the former said Wednesday.

Industries - Fri, December 20, 2024 | 12:02 pm GMT+7

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Japan’s Meiko Electronics to invest extra $300 mln in Vietnam to make printed circuit boards

Meiko Electronics Vietnam Co. Ltd., under Japanese printed circuit board (PCB) manufacturer Meiko Electronics, will invest $300 million more in Hanoi, raising its total investment in the capital city to $800 million.

Industries - Fri, December 20, 2024 | 11:51 am GMT+7

Supply of apartment units in Vietnam may rise 33% next year: expert

Supply of apartment units in Vietnam may rise 33% next year: expert

Vietnam’s property market is expected to see the entry of 35,000-40,000 apartment units in 2025, up 33% from 2024, says Duong Thuy Dung, executive director, head of professional services at CBRE Vietnam.

Real Estate - Fri, December 20, 2024 | 9:23 am GMT+7

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Singapore-invested Vietnam SuperPort, Vietnam Post partner in digital logistics

Vietnam SuperPort and state-controlled Vietnam Post (VNPost) have signed an MoU on developing customized platforms to support small and medium-sized enterprises (SMEs) in exporting goods to Asian markets.

Economy - Fri, December 20, 2024 | 8:17 am GMT+7