Vinh Phuc province officials disciplined for investment project violations
Dozens of officials in Vinh Phuc province have faced disciplinary actions by the Central Inspection Committee for violations related to investment projects.
The violations occurred in implementing a number of investment projects, including those carried out by AIC Company, FLC Group, and Phuc Son Group, according to a release from the committee on Wednesday.
"Some officials and Party members showed degradation in their political ideology, ethics, and lifestyle; accepted bribes; declared personal assets dishonestly; and violated the regulations on Party members’ code of conduct and responsibility to set an example as leaders," the release stated.
The committee added that the violations caused very serious consequences and losses to the State to the point that they must be disciplined.
The officials who received warnings included Nguyen Van Tri, former chairman of the provincial People’s Committee; vice chairman Vu Chi Giang; Nguyen Kim Khai, former vice chairman of the provincial People’s Council; Nguyen Ba Huy, head of the provincial Party Committee’s organizing board; Dinh Ngoc Khoa, former director of the provincial Police; Le Van Kien, director of the Department of Transport; Khong Son Truong, director of the Department of Labor; and Nguyen Kim Tuan, director of the Department of Natural Resources and Environment.
Others were director of the Department of Finance Nguyen Thanh Tung; director of the Department of Construction Nguyen Duc Tai; director of the Department of Information and Communications Do Huu Vinh; Tran Gia Long and Nguyen Ba Hien, former directors of the department; director of the Department of Planning and Investment Nguyen Van Do; former director of the department Do Dinh Viet; Nguyen Van Bac, former director of the Department of Justice; and Bui Minh Hong, Nguyen Cong Loc, Nguyen Xuan Phuong, former heads of the provincial Industrial Park Management Board.
The Central Inspection Committee also reprimanded Tran Van Vinh, former chairman of the provincial People’s Council; vice chairman of the council Nguyen Trung Hai; Phan The Huy, head of the provincial People’s Council Office; and Le Van Phuc, director of the provincial Tax Department.
Responsibility also rested with former Secretary of the provincial Party Committee Hoang Thi Thuy Lan; former standing Deputy Secretary Nguyen Hoang Anh; and former chairman of the provincial People’s Committee Le Duy Thanh, the committee noted.
Lan, Thanh and Hoang Anh have been detained on charges of receiving bribes in the Phuc Son Group scam.
- Read More
KFC Indonesia shutters numerous outlets, lays off thousands of employees
KFC Indonesia, owned by Gelael and Salim Group under PT Fast Food Indonesia Tbk (FAST), reported a net loss of IDR557.08 billion (over $36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets (as of September) and sack of 2,274 employees.
Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7
Indonesia eyes to become world’s palm oil price setter
Indonesia’s Ministry of Agriculture has set a target of making the country the world’s largest palm oil producer by 2025, enabling it to influence global prices of the commodity.
Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7
Vietnamese broker ACBS sees profit surge, sustained capital support from parent bank
ACB Securities JSC (ACBS) has reported a surge in both charter capital and profit, fueled by continued investment from its parent company, Asia Commercial Bank (ACB).
Finance - Sun, November 10, 2024 | 7:45 pm GMT+7
Advocacy group GWEC proposes model for Vietnam to meet offshore wind targets
The Global Wind Energy Council (GWEC), a member-based organization that represents the entire wind energy sector, has proposed a two-stage competitive model for Vietnam to scale investment and achieve its offshore wind development targets.
Energy - Sun, November 10, 2024 | 4:00 pm GMT+7
Foreign traders extend net-selling streak in Vietnam amid VND devaluation woes
Foreign investors net sold a total of VND3,639 billion ($144 million) worth of Vietnamese shares in the week ended November 8, extending their net-selling streak amid concerns over the dong devaluation.
Finance - Sun, November 10, 2024 | 1:24 pm GMT+7
Vietnam to block customs clearance for purchases on unregistered online platforms
The General Department of Vietnam Customs (GDVC) has requested local customs authorities not clear shipments purchased via cross-border shopping platforms that have yet to register with the Ministry of Industry and Trade.
Economy - Sun, November 10, 2024 | 11:10 am GMT+7
Central counterparty clearing mechanism key to facilitating Vietnam stock market upgrade: exec
A central counterparty clearing (CCP) mechanism is key to removing prefunding hitches and drawing more foreign investors to Vietnam’s stock market, says Ta Thanh Binh, general director of Vietnam Securities Depository and Clearing Corporation (VSDC).
Finance - Sun, November 10, 2024 | 9:00 am GMT+7
Vietnam semiconductor workforce meets just 20% of industry demand: academic
Vietnam faces a significant shortage of semiconductor workers, with the country currently meeting just 20% of actual demand, said a senior academic.
Economy - Sun, November 10, 2024 | 7:50 am GMT+7
Hot real estate prices not a good sign for Vietnam: association exec
Recent fluctuations in real estate prices in suburban areas and the surge in land auction prices are issues of concern, says Nguyen Van Dinh, vice chairman of the Vietnam Real Estate Association (VNREA).
Real Estate - Sat, November 9, 2024 | 9:27 pm GMT+7
200 billionaires to attend Art for Climate Festival in northern Vietnam
Around 200 billionaires are expected to attend an Art for Climate Festival that the United Nations Alliance for Sustainable Development Goals (UnASDG) is jointly organizing early next year in the northern province of Quang Ninh.
Industries - Sat, November 9, 2024 | 7:18 pm GMT+7
Vietnam can achieve two-digit GDP growth if bottlenecks removed: PM
Vietnam can achieve two-digit GDP growth rates in the coming decades if institutional bottlenecks are cleared and all resources are mobilized, Prime Minister Pham Minh Chinh asserted at a regular cabinet meeting on Saturday.
Economy - Sat, November 9, 2024 | 4:14 pm GMT+7
PYN Elite sees returns down 1.7% in October, first time since May
Finland-based PYN Elite Fund has said it recorded returns of negative 1.7% month-on-month in October, the first decline since May this year.
Finance - Sat, November 9, 2024 | 2:26 pm GMT+7
Philippines’ rice imports surpass 2023 level
The Philippines’ rice imports so far this year have surpassed last year's level and can hit 4.2 million metric tons by end-2024, said Department of Agriculture's technical advisory group member and former undersecretary for rice industry development Leocadio Sebastian.
Southeast Asia - Sat, November 9, 2024 | 1:58 pm GMT+7
Indonesia, Canada discuss expediting completion of comprehensive economic pact
Indonesian Deputy Trade Minister Dyah Roro Esti expressed optimism that the 10th round of the negotiations on the Indonesia-Canada Comprehensive Economic Partnership Agreement (ICA-CEPA) will run smoothly and produce a substantial agreement.
Southeast Asia - Sat, November 9, 2024 | 1:54 pm GMT+7
Indonesia considers Apple’s $10 mln investment proposal
Indonesian Deputy Minister of Industry Faisol Riza said at a Wednesday press meet that he has heard about Apple's plan to invest $10 million in Indonesia and hoped that this commitment will be fulfilled.
Southeast Asia - Sat, November 9, 2024 | 1:50 pm GMT+7
Indonesia shifts focus to upgrading existing airports
Indonesia has decided to put the brakes on a IDR14 trillion (over $888 million) project to build a fourth terminal at Soekarno-Hatta International Airport, the country's largest and busiest aviation hub.
Southeast Asia - Sat, November 9, 2024 | 1:46 pm GMT+7