Former Vicem general director dismissed from executive comittees

Former Vicem general director dismissed from executive comittees
12 July 2018


Tran Viet Thang, former general director of the Vietnam Cement Industry Corporation (Vicem), has been dismissed as member of the Executive Committee of the Central Businesses’s Party Unit and member of the Executive Committee of Vicem's Party unit.

Thang has been found guilty of several legal violations as well as breaking Party rules. Tran Viet Thang took control of Vicem, the country's leading cement producer, in September 2013, but the state-owned company had built up VND4trn (US$175.2m) in debt by the end of 2016, Party inspectors said. Thang left the the post in September 2017.

According to the Secretariat of the Communist Party of Vietnam, Thang signed several documents and took decisions that he was not authorised to. His actions violated the Corporate Law and Bidding Law, as well as rules for Party members.

The Central Inspection Committee, the top watchdog of the ruling Communist Party, has been calling for disciplinary actions against many officials and leaders at state-owned businesses. The anti-corruption campaign is being spearheaded by Party General Secretary, Nguyen Phu Trong.

Published under Cement News

Tagged Under: Vicem Vietnam