The Hanoi People’s Court on March 29 handed down an 18-year jail sentence to Dinh La Thang, former Chairman of the Member Council of the Vietnam Oil and Gas Group (PetroVietnam), for "deliberately violating State regulations on economic management, causing severe consequences.”
Dinh La Thang (second, right) and other
defendants at the trail. (Source: VNA)
With the same charge, one of Thang’s accomplices,
Nguyen Xuan Son, former Deputy General Director of PetroVietnam, was sentenced
to 30 months in prison.
Meanwhile,
Vu Khanh Truong and Nguyen Xuan Thang, both former members of the Member
Council of PetroVietnam, were sentenced to 5 years and 22 months in jail.
Nguyen
Thanh Liem and Phan Dinh Duc, who are also former members of the PetroVietnam
Member Council, received non-custodial re-education periods of 20 months and 15
months, respectively, for the charge.
Ninh Van
Quynh, former chief accountant and former head of the department of finance,
accounting and auditing of PetroVietnam, will spend seven years behind bars,
for "deliberately violating State regulations on economic management, causing
severe consequences,” and 16 years for "abusingpositions andpowers
to misappropriateState assets.”
Besides,
the jury asked the defendants to compensate 800 billion VND (35.2 million USD)
for the losses they caused to PetroVietnam. Of the total, Dinh La Thang has to
refund 600 billion VND (26.4 million USD); Ninh Van Quynh, 100 billion VND (4.4
million USD); and Vu Khanh Truong, 40 billion VND (1.76 million USD). Each of the
four other defendants has to give back 15 billion VND (660,000 USD) to the
State.
Ninh Van
Quynh, who was found abusing his position and power to misappropriate 20
billion VND (880,000 USD) from OceanBank, had previously refunded the amount.
In 2008,
after failing to establish Hong Viet Commercial joint Stock Bank, PetroVietnam
decided to invest in OceanBank.
From 2008
to 2011, Dinh La Thang instructed and decided on PetroVietnam’s investment in
OceanBank to become a shareholder of the bank.
Under his
instruction, Vu Khanh Truong, Nguyen Thanh Liem, Nguyen Xuan Thang, Phan Dinh
Duc, Nguyen Xuan Son and Ninh Van Quynh carried out three contributions of the
group’s capital totaling 800 billion VND to OceanBank.
Due to
OceanBank’s poor capability and violations committed by Ha Van Tham, former
Chairman of OceanBank’s Board of Directors, the bank suffered serious losses,
leading to the loss of the whole 800 billion VND invested by PetroVietnam when
the State Bank of Vietnam was forced to buy OceanBank at zero VND.-VNA
Source: VNA
With just over a month left until the school summer break, students are eagerly anticipating a period of rest and fun after a year of academic pressure. To provide a healthy environment for the physical development, in addition to the classes that foster talents and enhance the academic knowledge, sports and physical activities continue to attract a large number of children and teenagers.
On April 17th, Hoa Binh Provincial Museum organized a program to promote and introduce the outstanding values of "Hoa Binh Culture” at the Boarding Secondary and High School for ethnic minority students in Mai Chau District.
The Hoa Binh College of Technical Technology, in collaboration with the Hoa Binh Technical and Economic College and the provincial Association of Literature and Arts, hosted a gathering on April 15 to celebrate Laos’ traditional Bunpimay (New Year) Festival 2025 and debut the new book "Nguoi Muong o ban Don” (Muong people in Don village).
In the millennia-long history of national construction and safeguarding, people of all ethnic groups in Hoa Binh have been united and closely bound together to overcome all difficulties and challenges, standing alongside the entire Vietnamese people throughout the history of building and defending the country.
Living green is a healthy, positive, and sustainable lifestyle that not only helps protect
the environment and quality of life but also conserves natural resources and ecosystems.
Among the many ways to embrace this lifestyle, reducing plastic consumption is one of the most impactful.
The women's unions at all levels in Kim Boi district have been making significant contributions to the movement of building cultural life in the local community.
The movement helps improve rural look and the spiritual and material lives of local residents.
