The Central Inspection Committee of the Communist Party of Vietnam has suggested that Party Secretary of Hanoi Hoang Trung Hai, who was a deputy prime minister, be penalized for his wrongdoing in a massive cast iron and steel project in the northern region of the country.
The committee convened its 42nd meeting in Hanoi from January 3 to 8.
Following the meeting, it proposed that the Politburo discipline Hai, who is now a Politburo member.
As the deputy prime minister, he was wrong when giving some directions on the implementation of the phase two of a project to expand production at state-run Thai Nguyen Iron and Steel Joint Stock Corporation, which specializes in making cast iron and steel, known as the TISCO II project.
|The phase two of a project to expand production at state-run Thai Nguyen Iron and Steel Joint Stock Corporation in Thai Nguyen Province, northern Vietnam. Photo: Nam Tran / Tuoi Tre|
The TISCO II project, located in the northern province of Thai Nguyen, was projected to cost VND3.8 trillion (US$164 million) when it was launched in 2007.
It has lain dormant ever since and the Government Inspectorate has also pointed out a series of serious irregularities at this project, including a cost overrun of more than VND4.2 trillion ($181 million) that was not legally grounded, which turned the total investment into VND8.1 trillion ($349 million).
Hai was born in 1959 in Thai Binh Province, located in northern Vietnam.
He has been Hanoi’s Party secretary since February 2016.
He was a deputy prime minister from August 2007 to April 2016 after working as an industry minister from August 2002 to July 2007.