Former Construction Bank officials to be prosecuted
The Investigation Police Agency of the Ministry of Public Security has suggested prosecuting 36 former officials at the Vietnam Construction Bank (VNCB).
A branch of the Vietnam Construction Bank in HCM City (Source: nld)
HCM City (VNA)🉐 – The Investigation Police Agency of the Ministry of Public Security has suggested prosecuting 36 former officials at the Vietnam Construction Bank (VNCB).
The defendants were accused of “ deliberately violating State regulations on economic management causing severe consequences”, “violating lending regulations of credit institutions”, and “a lack of responsibility causing serious consequences.”
Their dossiers were sent to the Supreme People’s Procuracy of Vietnam on December 2.
Investigation results reveal that the State Bank of Vietnam (SBV) on September 6, 2012 gave a nod to the VNCB’s restructuring project.
Pham Cong Danh, ex-Chairman of the VNCB Board of Directors, Chairman of the Member Board and General Director of Thien Thanh Group, directed his staff to set up files to withdraw 12 trillion VND (528 million USD) from the VNCB for private purposes.
Danh and his accomplices caused total economic losses of over 9 trillion VND (396 million USD) for the VNCB.
Apart from Thien Thanh Group, Danh also established 29 other companies and asked his relatives or acquaintances to act as these companies’ directors and owners of stocks in the VNCB.
Danh, therefore, was charged of “ deliberately violating State regulations on economic management causing severe consequences” and “violating lending regulations of credit institutions”.
Earlier, the Supreme People’s Court gave sentences of six years in prison to the former bank official for “ abusing trust to appropriate property” in line with Article 135 of the 1985 Penal Code.
The charge was also imposed on Phan Thanh Mai, former Director of the VNCB; Mai Huu Khuong, former Director of the VNCB’s Sai Gon branch; and Hoang Dinh Quyet, former Director of the VNCB’s Lam Giang branch.
Four others will also be prosecuted for “ deliberately violating State regulations on economic management causing severe consequences” and 25 others for “violating lending regulations of credit institutions.”
Under a decision dated March 5, 2015 by SBV Governor Nguyen Van Binh, the SBV has acquired all the equity of the VNCB, with stakes transferred at the price of zero dong per share. The acquisition is compulsory to restore the VNCB's payment abilities in line with the general efforts to create a healthier banking system.
VNCB was established by Trust Bank in May 2013. Trust Bank was operational for 23 years, with charter capital of 3 trillion VND (142.85 million USD). In mid-2014, the SBV appointed new officials to the VNCB after some former top executives at the bank were arrested for allegedly violating state regulations.
Apart from VNCB, other commercial banks that the SBV owned this year were OceanBank and GP Bank. The SBV acquired all three banks this year at zero dong per share due to the banks' ailing performances and failure to meet required charter capital increases.-VNA
The Investigation Police Agency said it launched criminal proceedings against 16 former officials of the Vietnam Construction Bank (VNCB) for economic management wrongdoings.
In Vietnam’s case, she said, President Ho Chi Minh demonstrated his strategic vision by founding the revolutionary press a century ago. The late leader understood the press's role not only as a means to reflect the country’s realities but also as a powerful tool to strengthen national unity and inspire the resistance wars and national construction process.
In recent interviews granted to the Vietnam News Agency (VNA)'s reporters in Mexico, prominent figures reflected on the press’s legacy and its global influence.
VietnamPlus e-newspaper of the VNA clinched an A prize in the “Outstanding Press Product” category for its immersive 3D multimedia project, “Epic of Reunification,” a groundbreaking blend of storytelling and technology. The VNA won another A prize for its eye-catching exhibition booth.
Today, the press for foreign service has evolved into a distinct, irreplaceable force, bridging Vietnam with the world and portraying a nation that is stable, peace-loving, and fully integrated into the international community.
At a review conference held on June 21, Deputy Minister of Construction Nguyen Van Sinh praised the province’s scientific, coordinated, and flexible approach. He noted that the early completion reflects the strong commitment of local authorities, the business community, philanthropists, and residents in improving housing conditions for disadvantaged groups.
The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
In the context where AI dominates and produces vast volumes of content, the only sustainable path forward for journalism is to focus on high-quality content and core values. Journalism must redefine its mission - not to report the fastest, but to provide the most profound and trustworthy value.
Granma and the VNA have great potential for cooperation, especially in sharing content regularly, so that VNA products are published on Granma platforms and vice versa, thereby helping Cuban and Vietnamese people access true information and gain a deep understanding of each other's country and people.
During his stay in China’s Guangzhou city from 1924 to 1927 to prepare for the establishment of a Communist Party to lead Vietnam’s revolution, President Ho Chi Minh founded “Thanh nien” newspaper and released its first issue on June 21, 1925.
Vietnam and Cambodia are hoped to strengthen their robust collaboration across various sectors, particularly in resolving remaining border issues to transform the border area into a zone of peace, friendship, cooperation, and development.
The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
Since President Ho Chi Minh founded Thanh Nien (Young People) newspaper in 1925, the Vietnamese revolutionary press has become the voice of the people. During the resistance war against the colonialists, journalists took great personal risks to inspire patriotism and the will of rising up against foreign invaders.
The total investment exceeded 319 billion VND (12.2 million USD), including over 261 billion VND from the state budget and 57.5 billion VND mobilised from businesses, organisations, and individuals.
The Mekong Delta province of Tien Giang is intensifying efforts to combat illegal, unreported and unregulated (IUU) fishing as part of the country’s goal of having the European Commission’s “yellow card” warning lifted.
Throughout its 80-year history, the VNA has remained at the forefront of information dissemination. It has consistently delivered timely, accurate, and objective reports on both domestic and international events, serving the Party’s leadership, the State’s management, and the public’s demand for official news.
With strong support from local authorities, businesses, organisations, and residents, the province has successfully built or repaired 10,707 homes for disadvantaged households, including war veterans, families of martyrs, ethnic minority people, and low-income residents.
Throughout its resistance against colonialists and imperialists, Vietnam developed a revolutionary press that has served as a benchmark for just and legitimate causes worldwide.
Founded in 1842, the Vienna Philharmonic is regarded as a cultural ambassador of Austria, with prestigious conductors like Mahler and Karajan who shape its legacy. Its New Year’s Concert, broadcast to over 90 countries annually, stands as a global symbol of classical music excellence.
A branch of the Vietnam Construction Bank in HCM City (Source: nld)
