Deputy Minister of Trade and Industry receives warning


Update: August, 01/2017 – 09:54

HÀ NỘI – The Party Central Committee’s Inspection Commission has issued a warning against Deputy Minister of Trade and Industry Hồ Thị Kim Thoa for “serious violations” when she led the Điện Quang Lamp Company.

A warning is among four levels of punishment of the Communist Party of Việt Nam in handling members’ misconduct, which also include: reprimands, demotions and expulsions.

The commission also proposed Thoa be stripped of all current positions.

The decision was announced yesterday in the commission’s announcement of the results of its 16th meeting which took place from July 25-27.

Her violations had earlier been pointed out during a commission meeting late in June.

The commission said that while holding the position as Party Committee Secretary and Director of former State-owned Điện Quang Lamp Company (later Điện Quang Lamp Joint Stock Company), from January 2004 to May 2010, Thoa violated regulations and procedures on business equitisation, and wrongly handled loan interest  exempted by banks worth VNĐ6.7 billion (US$298,000).

She also violated State regulations on land management when the company signed a contract with another company to invest in land at No 12, Tôn Đản Street, in HCM City. She also failed to properly handle revenue of VNĐ30 billion ($1.3 million) from transferring the rights to exploit the land.

In the third violation, Thoa brought more shares than the permissible level and her transfer of shares violated the company’s regulations.

Besides the decision on Thoa, the commission also proposed discipline against the Steering Committee for Southwest Region, its former and current leaders; and the Party Committee’s Standing Board of the Vietnam National Chemical Group, its current and former leaders for violations in personnel and financial managements which resulted in losses of State money and properties. – VNS

This entry was posted in Anti-corruption - Chống tham nhũng, Corruption - Tham nhũng, Governance - Công quyền and tagged , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development ( I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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