Ethanol Phu Tho case: former PetroVietnam executive sentenced to 11 years in prison

Former Chairman of the Board of Directors of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh La Thang was sentenced to 11 years in prison, during a trial on the case of violating regulations on investment in construction works, causing serious consequences at an ethanol plant in the northern province of Phu Tho on March 15.
Ethanol Phu Tho case: former PetroVietnam executive sentenced to 11 years in prison ảnh 1Defendants at the court (Photo: VNA)

Hanoi (VNA)
- Former Chairman of the Boardof Directors of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh LaThang was sentenced to 11 years in prison, during a trial on the case ofviolating regulations on investment in construction works, causing seriousconsequences at an ethanol plant in the northern province of Phu Tho on March15.

Thang was charged with “violating regulations on investmentin construction works, causing serious consequences” in line with Article 224,Clause 3 of the 2015 Penal Code.

Combined with sentences given to him in previouscases, Thang will spend a total of 30 years in prison.

With the same charge, former General Director of thePetroVietnam PetroChemicals and Biofuel JSC (PVB) Vu Thanh Ha was given a jailterm of six and a half years.

Tran Thi Binh, former Deputy Director General ofPetroVietnam, received a 36-month suspended sentence.

Former General Director of the PetroVietnamConstruction JSC (PVC) Pham Xuan Dieu will spend three and a half years behindbars, while former Deputy General Director of PVC Nguyen Ngoc Dung wassentenced to three years in prison.

Jail terms ranging from 24 to 30 months were handeddown to other defendants for the same charge.  

Former Chairman of the Board of Directors and formerGeneral Director of the PetroVietnam Construction JSC (PVC) Trinh Xuan Thanhwas sentenced to 10 years in prison for “violating regulations on investment inconstruction works, causing serious consequences”, and eight years behind bars for“abusing position and power while performing duties”. Taking into accountprevious sentences, he faced life imprisonment.

Chairman of the Board of Directors and GeneralDirector of the Kinh Bac Petroleum Construction and Investment JSC Do Van Hongwas given a jail sentence of four years for “abusing position and power whileperforming duties”. Combined with sentences given to him earlier, Hong got a prisonterm of 17 years.

According to the indictment, Thang signed a resolutionto approve the investment in the project in October 2007. With Thang’sinstruction, PVC/Alfa Laval/Delta-T joint contractors, who had no previousexperience in carrying out ethanol projects, were appointed to implement theproject.

As a result, the project was continuously behindschedule and stopped in March 2013 with no construction items done.

Wrongdoings of the defendants were said to cause aloss of more than 543 billion VND (23.49 million USD).
Ethanol Phu Tho case: former PetroVietnam executive sentenced to 11 years in prison ảnh 2At the court (Photo: VNA)


At the court, Thanh confessed that when signing thecontract on the implementation of the project with a funding of 59 million USD,he was aware that the amount is not enough to cover the implementation.

The judge stated that Thang must take the main responsibilityin selecting the contractor.

Such wrongdoings in contractor selection have resultedin the suspension of the project, with no items completed so far, according tothe judge./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.