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Vietnam's state-run oil, gas company to be inspected for economic losses

Xinhua, October 6, 2016 Adjust font size:

The Government Inspectorate of Vietnam (GIV) on Thursday decided to probe the National Oil and Gas Corporation (PetroVietnam)'s Construction Corporation (PVC) over its economic losses of nearly 3.3 trillion Vietnamese dong (142 million U.S. dollars).

The GIV will inspect PVC's observance of policies and laws in production, business activities, with focus on investment and implementation of projects, said the GIV.

The inspection period is from Jan. 1, 2008 till Dec. 31, 2013. With issues arising before or after the inspection period, further examination can be carried out, said GIV.

Earlier in mid-September, the Ministry of Public Security has issued an international wanted notice for Trinh Xuan Thanh, former PVC leader and former official of southern Hau Giang province.

Thanh was said to have not come back to Vietnam after getting a permit for his gout being treated overseas in mid-August.

Hau Giang authorities had previously sent people to Hanoi to seek Thanh, former vice chairman of the Hau Giang People's Committee, and former member of the provincial Party Committee. He has been expelled from the Communist Party of Vietnam.

Also in mid-September, the Vietnamese police detained Vu Duc Thuan, PVC's former general director, his two deputies and chief accountant for violating economic management regulations. Endit