Friday, October 20 2017

VietNamNews

Hồ Thị Kim Thoa dismissed from position of deputy trade minister

Update: August, 17/2017 - 01:00
Hồ Thị Kim Thoa was dismissed from her position as Deputy Minister of Industry and Trade under a decision issued by the Prime Minister on August 16. — Photo tuoitre.vn

HÀ NỘI – Hồ Thị Kim Thoa was dismissed from her position as Deputy Minister of Industry and Trade under a decision issued by the Prime Minister on August 16. 

Thoa’s next task will be assigned by the Minister of Industry and Trade. 

Previously, the Party Central Committee’s Secretariat relieved Thoa of her membership of the Party Civil Affairs Committee at the Ministry of Industry and Trade (MoIT) on August 8, 2017. 

At the meeting, the Secretariat also proposed Thoa be dismissed from the post of Deputy Minister of Industry and Trade. 

It made the decision after considering the proposal of the Party Central Committee’s Inspection Commission and relevant agencies. 

Earlier, the Inspection Commission warned Thoa for “serious violations” while she was working at Điện Quang company. It also proposed Thoa be stripped of all positions. 

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

She infringed State regulations on land management when the company signed a contract with another company to invest in land in HCM City. She also failed to properly handle the VNĐ30 billion ($1.3 million) collected from the transfer of the area’s land use rights. 

Thoa also bought more shares than permissible levels and her transfer of shares also violated the company’s regulations. — VNS

Send Us Your Comments:

See also: