 |
Tran Quang Vu, chief executive officer of Vinashin Group, is suspended as his company is being investigated for wrongdoings. |
Vietnamese Deputy Prime Minister Nguyen Sinh Hung suspended two board members of Vietnam Shipbuilding Industry Group, a state-owned company that came close to bankruptcy this year, as part of an investigation.
Tran Quang Vu and Tran Van Liem were removed from the board, Nguyen Xuan Phuc, chairman of the Government Office, which oversees implementation of state plans, said in a statement posted on the government’s website late Monday.
The board is also considering the dismissal of Tran Quang Vu, chief executive officer, Tran Tuan Anh, Hanoi-based vice head of personnel at the shipbuilder, said by telephone today. The government statement said the prime minister had asked for Vu to stand down.
In July, Chairman Pham Thanh Binh was suspended from his post at Vinashin, as the company is known, as the government began an investigation into financial difficulties at the state-controlled company, which almost collapsed under VND86 trillion ($4.4 billion) of debts.
Prime Minister Nguyen Tan Dung decided on the probe to review Binh’s “responsibilities and to investigate and clarify faults,” according to a statement on the government’s website on July 14. Deputy Minister of Transport Nguyen Hong Truong was appointed as the replacement chairman.
Vinashin doesn’t have enough funds for some projects after its customers and lenders were hit by the global recession that started in 2008, the Ministry of Transportation said July 1.
The company also over-diversified its businesses and didn’t manage its cash flow and debt properly, according to the transport ministry statement.
Nguyen Quoc Anh will be appointed acting chief executive officer of Vietnam Shipbuilding Industry Group Wednesday, he told Bloomberg News by telephone Tuesday. Anh is currently the state- owned company’s business manager.
Outdoor advertising viet nam, outdoor advertising Vietnam, outdoor Vietnam, Billboard, Panô ngoài trời, advertising Vietnam, outdoor advertising agency Vietnam, OOH Vietnam, Bussiness Vietnam, Ben Thanh Market, Vietnam daily news, Advertising, Vietnam, business blog, advertising blog, nice blog, professional blog, quảng cáo ngoài trời, outdoor agency, quảng cáo ngoài trời giá rẻ, quảng cáo chuyên nghiệp, cần tìm vị trí quảng cáo ngoài trời, quảng cáo ngoài trời chuyên nghiệp, quảng cáo ngoài trời Đà Nẵng, quảng cáo ngoài trời Huế, quảng cáo ngoài trời sông Hàn
