Ho Thi Kim Thoa dismissed from Party position at industry ministry

Tuesday, 2017-08-08 22:10:17
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Deputy Minister of Industry and Trade, Ho Thi Kim Thoa.
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NDO/VNA – The Party Central Committee’s Secretariat has decided to relieve Ho Thi Kim Thoa of her membership with the Party delegation at the Ministry of Industry and Trade for her violations when she was head of the Dien Quang Lamp Joint Stock Company.

At a meeting chaired by Party General Secretary Nguyen Phu Trong on August 8, the Secretariat also proposed the Prime Minister dismiss Thoa from the post of Deputy Minister of Industry and Trade.

The Secretariat made the decision after considering the proposal of the Party Central Committee’s Inspection Commission and the opinions of relevant agencies.

Earlier, the Inspection Commission issued a warning against Thoa for “serious violations” while she was working at the Dien Quang company. The Commission also proposed Thoa be stripped of all current positions.

The commission stated that while serving as Secretary of the Party Committee and Director of former State-owned Dien Quang Lamp Company, and then Secretary of the Party Committee, Chairwoman of the Board of Directors and General Director of the Dien Quang Lamp Joint Stock Company, from January 2004 to May 2010, Thoa violated regulations and procedures on business equitisation, and wrongly handled the loan interest worth US$6.7 billion (US$298,000) exempted by the banks.

She infringed State regulations on land management when the company signed a contract with another company to invest in the land area at No 12, Ton Dan Street in HCM City. She also failed to properly handle the VND30 billion (US$1.3 million) collected from the transfer of the land area use rights.

Thoa bought more shares than the permissible level and her transfer of shares also violated the company’s regulations.