Disciplinary action against Deputy Minister and two former Deputy Ministers of Finance

Mr. Vo Thanh Hung, Deputy Minister of Finance, and two former Deputy Ministers, Mr. Huynh Quang Hai and Mr. Do Hoang Anh Tuan, have just been disciplined by the Prime Minister for violations and shortcomings during their work.

The Prime Minister has issued decisions to discipline the former Deputy Minister and Deputy Minister of Finance.

Specifically, in Decision No. 993/QD-TTg, the Prime Minister decided to discipline Mr. Huynh Quang Hai, former Deputy Minister of Finance, with a Warning for violations and shortcomings in his work and for which he was subject to Party discipline; the disciplinary period is calculated from the date of announcement of Decision No. 1541-QD/UBKTTW dated June 26, 2024 of the Central Inspection Commission .

In Decision No. 994/QD-TTg, the Prime Minister decided to discipline Mr. Do Hoang Anh Tuan, former Deputy Minister of Finance, with a reprimand for his violations and shortcomings in his work and for which he was subject to party discipline; the disciplinary period is calculated from the date of announcement of Decision No. 1543-QD/UBKTTW dated June 26, 2024 of the Central Inspection Committee.

In Decision No. 995/QD-TTg, the Prime Minister decided to discipline Mr. Vo Thanh Hung, Deputy Minister of Finance, in the form of a reprimand for his violations and shortcomings in his work and for which he was subject to party discipline; the disciplinary period is calculated from the date of announcement of Decision No. 1544-QD/UBKTTW dated June 26, 2024 of the Central Inspection Commission.

The above decisions take effect from September 17, 2024.

Previously, at the 42nd Session, the Central Inspection Commission reviewed and concluded the following contents:

Implementing the conclusions and directions of the Central Steering Committee on anti-corruption and negativity, after reviewing the inspection results when there were signs of violations and the review results, proposing disciplinary action against the Party Committee of the Ministry of Finance, the Central Inspection Committee found that: The Party Committee of the Ministry of Finance violated the principle of democratic centralism and working regulations; lacked responsibility, loosened leadership and direction, allowing the Ministry of Finance and a number of organizations and individuals to violate Party regulations and State laws in state management and advising, promulgating mechanisms and policies on issuance and trading of individual corporate bonds, including enterprises belonging to Van Thinh Phat Group and An Dong Group; in state management of the budget related to Tien Bo International Joint Stock Company (AIC) and enterprises in the AIC ecosystem.

The above violations have caused serious consequences that are difficult to overcome, with the risk of loss and waste of large amounts of state budget and damage to bond investors, negatively affecting the investment and business environment and social order and safety, causing negative public opinion, resentment, and reducing the reputation of party organizations and state management agencies, to the point where disciplinary action must be considered.

The main responsibility for the above violations and shortcomings belongs to the Party Committee of the Ministry of Finance for the 2016-2021 term and Mr. Vo Thanh Hung, member of the Party Committee, Deputy Minister; Mr. Huynh Quang Hai and Mr. Do Hoang Anh Tuan, former Deputy Ministers.

Considering the content, nature, level, consequences, and causes of the violation; based on Party regulations, the Central Inspection Committee decided to take disciplinary action: Warning Mr. Huynh Quang Hai; Reprimand Mr. Do Hoang Anh Tuan and Vo Thanh Hung./.

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