Life imprisonment proposed for swindling ex-Vietinbank official
The HCM City People’s Procuracy on February 9 proposed life imprisonment for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Section of VietinBank’s HCM City branch, for “swindling to appropriate assets.”
Huynh Thi Huyen Nhu and Vo Anh Tuan at the court. (Source: VNA)
HCM City (VNA) – The Ho Chi Minh CityPeople’s Procuracy on February 9 proposed life imprisonment for Huynh Thi HuyenNhu, former deputy chief of the Risk Management Section of VietinBank’s HCMCity branch, for “swindling to appropriate assets.”
A jail sentence of 12-14 years was proposed forNhu’s accomplice Vo Anh Tuan, former deputy director of Vietinbank's Nha Bebranch. Together with his previous sentence, Tuan is expected to serve 30 yearson prison.
According to the verdict, whilebeing acting head of Dien Bien Phu transaction office of Vietinbank’s HCM Citybranch from May to September 2011, Nhu met with intermediaries andrepresentatives of Orient Securities Corporation, Hung Yen Investment JSC,SaigonBank Berjaya Securities Company, Global Insurance Corporation, and An LocCompany to persuade them to deposit money in Vietinbank’s branches in Nha Beand Ho Chi Minh. She promised them interest rates higher than the ceiling rate,along with commission for the intermediaries, which were in violation of law.Nhu paid the extra interest and commission out of her own pocket.
After the companies depositedtheir money in their accounts in Vietinbank, Nhu faked the signatures ofaccount holders and made use of her power to withdraw money from the companies’accounts to pay her personal debts. The total amount of money that Nhumisappropriated came to 1.085 trillion VND (43.8 million USD).
Vo Anh Tuan accompanied Nhu whenshe travelled to Hanoi to meet with representatives from Hung Yen InvestmentJSC. He knew of Nhu’s deceptive acts but did not tell. Tuan also got 10 billionVND (440,000 USD) in the transaction.
A representative from the Procuracy said that Nhu’sacts constituted the crime of “swindling to appropriate assets,” not“embezzlement of property.”
The procuracy maintained its stance that Nhu andTuan’s acts constitute the crime of swindling, not embezzlement. Their acts areespecially dangerous as they damaged assets of many units, including those withState property, breaching economic management rules, affecting State managementagencies in the banking sector and eroding people’s trust in the banking system.
Therefore, the Procuracy asked the judge to forceNhu to compensate the five aforesaid companies.
Meanwhile, representatives from the five companies proposedthat the judge make Vietinbank to refund both their deposits in Vietinbankalong with interest.
However, Vietinbank rejected the compensation requests,explaining that the companies violated the law when signing false contracts oninterest rates, lured by the promise of Nhu.
The trial is scheduled to last until February12.-VNA
The Vietnam Bank for Industry and Trade (VietinBank) has decided to reduce interest rates for short, medium and long term loans to five sectors deemed as priority by the Government.
The Vietnam Bank for Industry and Trade (VietinBank) reported its pre-tax profit of 405.7million USD in 2017, equivalent to 105 percent of its yearly plan, heard a conference in Hanoi on January 16.
The People’s Court of HCM City opened the first instance trial on February 8 for two former employees of Vietinbank for swindling over 1.085 trillion VND from five companies.
The programmes have brought about positive changes to rural infrastructure, comprehensively improved the material and spiritual lives of farmers, and contributed to Vietnam's economic restructuring, said PM Pham Minh Chinh.
The festival highlighted the contributions and robust development of Vietnam's revolutionary press over the past century while promoting press products and showcasing the creativity of Vietnamese journalists.
The programme on sustainable poverty reduction has achieved its annual targets for reducing the poverty rate as assigned by the National Assembly and the Government. It has fulfilled five specific objectives and five five-year goals, and met nine out of 12 indicators related to addressing basic social service shortages.
UNICEF stands ready to support the Government in implementing this important law and in continuing to invest in teachers as the cornerstone of a resilient, inclusive, and high-quality education system for all children.
PM Pham Minh Chinh highlighted how Vietnam's revolutionary press has continuously evolved and strengthened over the past century, affirming its role as a sharp and vital political, cultural, and ideological weapon serving the Fatherland and the people in the glorious revolutionary cause of the Party.
Vietnamese Consul General in Fukuoka Vu Chi Mai highlighted the growing demand for Vietnamese workers in Kyushu, especially in Fukuoka, Oita, and Saga prefectures. Currently, the region employs about 35,000 Vietnamese manual workers and over 5,000 IT engineers.
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.
Huynh Thi Huyen Nhu and Vo Anh Tuan at the court. (Source: VNA) 
