Hanoi Party chief steps down
Thursday, June 20, 2024, 17:27 GMT+7
Vietnam’s Politburo has agreed to let Dinh Tien Dung, secretary of the Hanoi Party Committee for the 2020-25 tenure, resign from the post.
Dung is no longer a member of the executive board and the standing board of the Hanoi Party Committee either.
The Office of the Central Party Committee announced that the Politburo and the Secretariat met on Wednesday to discuss disciplinary measures against some Party organizations and members that committed violations.
They found that the Party Civil Affairs Committee of the Ministry of Finance in the 2016-21 term breached the Party's regulations and working rules, failed to fully implement the competent authorities’ directives, showed irresponsibility and loose leadership, and allowed the ministry and some Party organizations and members to violate the Party’s regulations and state laws.
The committee also failed to fulfill its functions and assigned tasks in consultation, policy issuance, and the management of the issuance and trading of privately placed corporate bonds by companies under property firms Van Thinh Phat Group and An Dong Group Corporation; as well as in the management of the state budget related to Advanced International JSC (AIC) and businesses in the AIC ecosystem.
These violations and shortcomings resulted in serious consequences, including the risk of huge losses to the state coffers and bond investors, alongside negative effects on the business and investment environment as well as social order and safety, while sparking public outrage and damaging the reputation of Party organizations and state management agencies.
Dung was secretary of the Ministry of Finance’s Party Civil Affairs Committee and Minister of Finance in the 2016-21 tenure, so he must bear responsibility as the leader.
Aware of his accountability, Dung resigned from all his positions to retire.
Dung, 63, was Minister of Finance from June 2013 to March 2021 before serving as secretary of the Hanoi Party Committee from April 2021.
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