Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV), was sentenced to three years in prison for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Bank (VNCB) during the first instance trial in Ho Chi Minh City on July 2.
HCM City (VNA) –Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV), wassentenced to three years in prison for the charge of lacking responsibilitycausing serious consequences at the Vietnam Construction Bank (VNCB) during thefirst instance trial in Ho Chi Minh City on July 2.
With the same charge, HaTan Phuoc, former head of the SBV supervisiongroup and former Deputy Director of the SBV branch in Long An, received a jailsentence of two years.
Le VanThanh, former Chief Inspector of the SBV branch in Long An was sentencedto two and a half years; Ngo Van Thanh, former member of the SBV supervisiongroup, received one and a half years; and Pham The Tuan, former deputy head ofthe SBV supervision group, got one year.
Thedefendants were exempted from their civil responsibilities, as it wasidentified that Pham Cong Danh, former chairman of the Board of Directors ofVNCB, and his accomplices misused the money.
Accordingto the indictment, Ha Tan Phuoc, Le Van Thanh, Pham The Tuan, and Ngo VanThanh, as members of the SBV supervision group at VNCB, were assigned tosupervise the operation of VNCB, including transactions worth 5 billion VND andmore.
However, they failed to perform their roles,allowing Pham Cong Danh and his accomplices to withdraw money from the bank,causing serious consequences.
Meanwhile, as the person in charge of the SBV’ssupervision agency and legal department, and tasked with assisting the SBVGovernor in directing the reshuffle of six banks with poor performance, DangThanh Binh had failed to perform his duties in implementing the restructuringplan of Dai Tin (Trust Bank), the VNCB predecessor.
Binh allowed Danh and his accomplices to jointhe management work and hold dominant shares at the bank, which enabled them tocause serious economic losses of over 15 trillion VND (656.2 million USD) tothe bank, according to the indictment. -VNA
The Ho Chi Minh City People’s Court on May 4 gave punishments from three-year suspended prison sentences to seven-year imprisonment to the defendants charged with “violating regulations on lending in activities of credit institutions” at Dai Tin Commercial Joint Stock Bank (Trust Bank), the predecessor of the Vietnam Construction Bank (VNCB).
The HCM City People’s Court on May 8 opened the first trial for 28 former officials of Dai Tin Bank (Trust Bank) for "abusing trust to appropriate property" and "deliberately acting against State regulations on economic management and causing serious consequences".
The People’s Court of Ho Chi Minh City opened the first instance trial on June 25 for former deputy governor of the State Bank of Vietnam (SBV) Dang Thanh Binh on the charge of lack of responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
The Ho Chi Minh City People’s Procuracy on June 27 proposed an imprisonment sentence of 4-5 years to Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV) for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
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The VNA delegation, led by General Director Vu Viet Trang, actively participated in the event, engaging in both professional and diplomatic activities.
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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.
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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.
Dang Thanh Binh (Source: VNA) 
