A former deputy minister and 18 others have been summoned for their alleged connection with the State property misuse and mismanagement case of ex-Minister of Industry and Trade Vu Huy Hoang at the Saigon Beer - Alcohol - Beverage JSC (Sabeco).

The Hanoi People’s Court has decided to reopen the first-instance trial for ex-Minister of Industry and Trade Vu Huy Hoang and nine accomplices on January 18.

The first-instance trial for ex-Minister of Industry and Trade Vu Huy Hoang and nine accomplices, slated for on July 7, was postponed due to the absence of three defendants and many people with related interests and obligations.

The People’s Court of Hanoi will hold a first-instance trial for ex-Minister of Industry and Trade Vu Huy Hoang on January 7, 2021.

Vu Huy Hoang, former minister of industry and trade, and two other ex-officials of this ministry are being investigated for “violating regulations on the management and use of State assets, causing losses and wastefulness”.

The Ministry of Public Security has decided to prosecute former Minister of Industry and Trade Vu Huy Hoang on charges of violating regulations over the management and use of State assets,

Projects incurring losses of trillions of dong, personnel scandals and multi-level marketing firms swindling customers were the top issues dominating 2016 for the Ministry of Industry and Trade (MOIT).

VietNamNet Bridge - The Ministry of Industry and Trade (MOIT) has asked employees at economic groups and general corporations to publicly declare their individual assets and 2016 incomes.

 The Party Central Committee’s Secretariat held a meeting in Hanoi on November 2 to discuss disciplinary measures for the Party Delegation to the Ministry of Industry and Trade in the 2011-2016 tenure and its former Secretary Vu Huy Hoang.

The Vietnamese government has many times vowed to boost the equitisation of state-owned enterprises (SOEs), but the process has remained sluggish.

The Vietnam Association of Financial Investors has expressed disappointment over the Ministry of Industry and Trade’s explanation about the appointments of Vu Quang Hai, a son of former Minister Vu Huy Hoang, to senior positions at Sabeco and PVFI.

VietNamNet Bridge - Experts have urged the Ministry of Industry and Trade to reform its administrative structure as it now takes on too much work that is outside its purview. 

VietNamNet Bridge - A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.

The Vietnam Association of Financial Investors (VAFI) on July 19 listed five reasons why former Minister of Industry and Trade, Vu Huy Hoang, violated regulations and failed at his job.

Party General Secretary Nguyen Phu Trong on July 18 called for a thorough investigation into the accountability of former Minister of Industry and Trade Vu Huy Hoang.

 Minister of Industry and Trade Tran Tuan Anh has requested an investigation into how the son of former minister Vu Huy Hoang was appointed to key positions in major firms owned by the ministry.

 Vietnam needs proper measures to turn opportunities created by the Trans-Pacific Partnership (TPP) agreement into reality and cope with any difficulties, an official has said.

 Minister of Industry and Trade Vu Huy Hoang answered deputies’ queries on reforestation and advanced technology application in industrial production at a Q&A during the 13th National Assembly’s 10th session on November 16. 

Vietnam has been highly successful at mobilizing inward foreign direct investment (FDI) over the past few years, which has played an important role in the nation’s economic development, said Minister Vu Huy Hoang.