The Secretariat proposed to dismiss Deputy Minister Ho Thi Kim Thoa.

Ms. Ho Thi Kim Thoa - Member of the Party Executive Committee, Deputy Minister of Industry and Trade, was proposed to be dismissed.

On August 8, the Secretariat met to consider the proposal of the Central Inspection Committee and relevant units on disciplining Ms. Ho Thi Kim Thoa - Member of the Party Committee, Deputy Minister of Industry and Trade.

Accordingly, the Secretariat decided to dismiss Ms. Ho Thi Kim Thoa from the position of Member of the Party Committee of the Ministry of Industry and Trade and proposed the Prime Minister to dismiss her from the position of Deputy Minister of Industry and Trade.

Ms. Ho Thi Kim Thoa. Photo: Viet Chung

According to the conclusion of the 16th session of the Central Inspection Committee, this agency has disciplined Deputy Minister of Industry and Trade Ho Thi Kim Thoa with a warning, and at the same time recommended that competent authorities consider dismissing Ms. Thoa from her current positions.

The inspection agency determined that Ms. Thoa's violations and shortcomings occurred during her tenure as Party Secretary, Director of Dien Quang Lamp Company, Party Secretary, Chairman of the Board of Directors, and General Director of Dien Quang Lamp Joint Stock Company (from January 2004 to May 2010).

Ms. Thoa is said to have violated procedures in the equitization of enterprises, failed to report to the Ministry of Industry (now the Ministry of Industry and Trade) for handling, and improperly handled the amount of loan interest exempted by the bank of 6.7 billion VND.

She also failed to report to the competent authorities and improperly handled the 30 billion VND revenue from the transfer of the right to exploit and use the land at 12 Ton Dan (HCMC). At the same time, she bought shares in excess of the prescribed amount; transferred shares not in accordance with the company's charter...

Currently, Ms. Thoa and some family members (mother, younger brother, daughter...) are holding about 11.78 million shares (34.57% of charter capital) at Dien Quang Light Bulb Joint Stock Company. The value of this asset of Deputy Minister Thoa's family is currently nearly 500 billion VND.

According to VNE