Hanoi (VNA) – The jury on January 22 imposed strict penalties onTrinh Xuan Thanh, former Chairman of PetroVietnam (PVN) Construction JointStock Corporation (PVC), and his accomplices for their wrongdoings at thecorporation.

Thanh was sentenced to life in prison on the charge of“asset embezzlement” and 14 years in jail for “deliberately violating Stateregulations on economic management, causing severe consequences”. The combinedpenalty for both counts is life imprisonment.

He has to pay 34 billion VND (1.49 million USD) incompensation to the State, which is represented by PetroVietnam.

Also charged with “deliberately violating State regulationson economic management, causing severe consequences”, Dinh La Thang, formerChairman of the Member Council of PVN, was given 13 years, while former PVNGeneral Director Phung Dinh Thuc, and former PVN Deputy General DirectorsNguyen Quoc Khanh and Nguyen Xuan Son were sentenced to 9 years in jail.

The jury imposed a seven-year sentence on Ninh Van Quynh, former chiefaccountant and head of the department of finance, accounting and auditing ofPVN, while Le Dinh Mau, former deputy head of the department, and Pham TienDat, former chief accountant of PVC, were sentenced to 4 years and 6 months injail, for the same charge.

A six-year imprisonment sentence was also granted to NguyenNgoc Quy, former Vice Chairman of PVC, and Nguyen Manh Tien, ”, former DeputyDirector General of PVC.

Vu Hong Chuong, former head of the management board of theThai Binh 2 thermal power plant project, was sentenced to three years’probation, while Tran Van Nguyen, former chief accountant at the board, wasgranted a 17-month suspended sentence, and former PVC Deputy General DirectorTruong Quoc Dung sentenced to 17 months in jail.

Former Director General of PVC Vu Duc Thuan was sentenced to7 years in prison  on the charge of “deliberately violating Stateregulations on economic management, causing severe consequences” and 15 yearsin prison for “asset embezzlement”. The combined prison term for both chargesis 22 years in jail.


The jury also asked Dinh La Thang to pay back 30 billion VND(1.3 million USD), and Khanh, Son and Thuan to compensate 7.5 billion VND(329,250 USD) each.

Quy, Tien, and Quynh were requested to pay 6 billion VND incompensation each, and Nguyen, Chuong, Dat, Dung and Mau are responsible ofcompensating 2,3 billion VND each.

For the defendants accused of “asset embezzlement”, former Deputy DirectorGeneral of PVC Nguyen Anh Minh has to serve a 16-year imprisonment, while a10-year prison term was imposed on Bui Manh Hien, former Chief Office of thePVC, and Luong Van Hoa, former Director of PVC’s Vung Ang-Quang Trach ProjectManagement Unit.

Nguyen Thanh Quynh, former Director for Technique andTechnology at Mien Trung Corporation – Da Nang Joint Stock Company, has toserve 8 years in prison.

Minh, Thuan, Hoa, Hien, Quynh have to compensate 3.6 billionVND, 800 million VND,  757.2 billion VND,400 million VND and 762.4 million VND, respectively.

In addition, Thanh, Thuan, Minh and Hien are responsible forcompensating 1.5 billion VND which they possessed and used for general works,or 375 million VND each.

According to a report of PVC, as of January 10, 1.24trillion VND (54.4 million USD) worth of advanced investments in the Thai Binh2 thermal power plant project had been reclaimed.

The investigation agency is proposed to clarify the use ofover 1.15 trillion VND (50.4 million USD) in advance for the project.

Along with the Thai Binh 2 thermal power plant,investigations are also required for other projects conducted by PVC such asEthanol Phu Tho and Dinh Vu polyester fibre factory projects. -VNA