Attending the court, there were two civil plaintiffs—Vietnam National Oil and Gas Group (PetroVietnam) and PetroVietnam Construction Corporation (PVC). Dinh La Thang and 11 defendants will be charged with “intentionally violating state regulations on economic management and causing serious consequences” (Article 165 of the Penal Code), while eight others may face charges of “asset embezzlement” (Article 278 of the Penal Code). Trinh Xuan Thanh—PVC’s former chairman and former member of the PVC Board of Directors—and Vu Duc Thuan are to be tried on both charges. According to the proposal of the court, Dinh La Thang (in the role of chairman of PetroVietnam’s Board of Directors) played a key role and directed the engineering, procurement, and construction (EPC) bidding package to develop the Thai Binh 2 thermal power project without the company having the necessary capacity and experiences, and completing procedures related to the selection of the contractor. Based on EPC contract No.33, Thang asked PetroVietnam to pay PVC more than $6.6 million and VND1.3 trillion ($59 million) in advance to implement the contract. Then, defendant Trinh Xuan Thanh and others used the VND1.1 trillion ($48.4 million) of the advance payment for other purposes without pouring it into Thai Binh 2 thermal power plant. Up to November 22, 2017, as much as VND1.1 trillion ($48.5 million) has been retrieved, but VND120 billion ($5.3 million) has been lost. Additionally, Trinh Xuan Thanh asked his staff to overstate the construction expenditures of the four stages of the Vung Ang-Quang Trach thermal power project by… [Read full story]
In a report sent to the Government e-portal on March 31, the agency reported that it would detain and prosecute the former chairman of the management board, cum general director of PVC’s Kinh Bac Investment and Installation Company, Do Van Hong, and former deputy general director of PetroVietnam Construction Joint-Stock Corporation, Nguyen Manh Tien.The report noted that the agency is expanding its criminal investigation against Thanh and Vu Duc Thuan, former PVC general director, on suspicion of embezzlement and for alleged violations of State regulations on economic management that caused about VND3.3 trillion (US$142 million) in losses for PVC.Hong and Tien…... [read more]
The Investigative Police Agency of the Ministry of Public Security will prosecute two additional suspects related to the embezzlement case against former PetroVietnam Construction (PVC) chairman, Trinh Xuan Thanh.In a report sent to the Government e-portal on Friday, the agency reported that it would detain and prosecute the former chairman of the management board, cum general director of PVC’s Kinh Bac Investment and Installation Company, Do Van Hong, and former deputy general director of PetroVietnam Construction Joint-Stock Corporation, Nguyen Manh Tien.The report noted that the agency is expanding its criminal investigation against Thanh and Vu Duc Thuan, former PVC general…... [read more]
An international arrest warrant for former PetroVietnam Construction (PVC) chairman, Trinh Xuan Thanh was issued last September after he fled the country. (Photo: VNA)Hanoi (VNA) - TheInvestigation Police Agency of the Ministry of Public Security will prosecutetwo additional suspects related to the embezzlement case againstformer PetroVietnam Construction (PVC) chairman, Trinh Xuan Thanh.In a report sent to the Government e-portal on March 31, theagency reported that it would detain and prosecute the former chairman of the managementboard, cum general director of PVC’s Kinh Bac Investment and InstallationCompany, Do Van Hong, and former deputy general director of PetroVietnamConstruction Joint-Stock Corporation, Nguyen Manh Tien.The report noted…... [read more]
The nine accomplices on trial are Mai Van Phuc, Tran Huu Chieu, Bui Thi Bich Loan, Mai Van Khang, Tran Hai Son, Le Van Duong, Huynh Huu Duc, Le Ngoc Trien Le Van Lung.—VNA/VNS Photo HA NOI (VNS) — The Ha Noi People's Court yesterday began the first-instance trial of Duong Chi Dung, former chairman of the Viet Nam National Shipping Lines (Vinalines), and his accomplices on embezzlement charges.Other charges include intentionally violating State regulations on economic management.The nine accomplices on trial are Mai Van Phuc, Vinalines general director; Tran Huu Chieu, Vinalines vice general director; Bui Thi Bich Loan,…... [read more]
The Nikkei Asian Review Hanoi Forum, taking place in Ha Noi today, aims to commemorate and recognise Viet Nam and Japan’s strategic investment partnership as the former constantly enhances its global status as a leading economy in the ASEAN region.The Forum is jointly organised by Japan’s NIKKEI Inc. and the Embassy of Japan in Viet Nam, with support from the Ministry of Planning and Investment, as an ideal opportunity for Viet Nam to showcase its new economic strategy. It will highlight the Nikkei Asian Review’s findings on the country’s progress.Today’s event features keynote speeches from high ranking Vietnamese government officials…... [read more]
