Decision to discipline former Deputy Prime Minister Vu Van Ninh with a warning

Mr. Vu Van Ninh. Photo: VNA

In Decision 1506/QD-TTg dated November 1, 2019, the Prime Minister decided to discipline Mr. Vu Van Ninh - former Deputy Prime Minister for the 2011-2016 term - with a Warning, due to serious violations and shortcomings in his work, and the Politburo has disciplined him in terms of the Party.

Previously, on July 19, in Hanoi, under the chairmanship of General Secretary of the Party Central Committee and President Nguyen Phu Trong, the Politburo met to consider and discipline Mr. Vu Van Ninh - former member of the Party Central Committee, former member of the Government Party Committee, former Deputy Prime Minister.

After considering the proposal of the Central Inspection Committee, the Politburo found that in his capacity as a member of the Party Central Committee, member of the Party Committee of the Government, Deputy Prime Minister (in charge of enterprise innovation from August 2011 to April 2016), Mr. Vu Van Ninh signed documents agreeing to reduce and divest all state capital at Quy Nhon Port Joint Stock Company; selling the existing state capital at Quang Ninh Port Joint Stock Company; agreeing in principle to allow the People's Committee of Khanh Hoa province, after receiving the transfer of Nha Trang Port Joint Stock Company, to continue to divest state capital in the direction that the state does not hold controlling shares; agreeing in principle to equitize the parent company - Vietnam Airports Corporation (this enterprise is not subject to equitization); agreeing in principle to equitize 10 inland waterway management sections, these are economic public service units that have not been regulated for equitization.

The content of the documents that Mr. Vu Van Ninh signed above is contrary to the conclusion of the Politburo and the Government's Decree on equitization, divestment of state capital associated with restructuring of state-owned enterprises...

As a member of the Party Central Committee, Secretary of the Party Committee, Minister of Finance and Chairman of the Board of Management of Vietnam Social Security (from July 2006 to 2011), Mr. Vu Van Ninh lacked responsibility in leadership, direction, inspection and supervision, violated the Law on Social Security, the Government's Decree stipulating the functions, tasks, powers and organizational structure of Vietnam Social Security; allowing two General Directors of Vietnam Social Security (in 2008-2009) to seriously violate the provisions of the law in signing contracts for Financial Leasing Company II, a non-bank credit institution under the Bank for Agriculture and Rural Development of Vietnam, to borrow 1,010 billion VND.

Up to now, Financial Leasing Company II has gone bankrupt, causing the State to lose a large amount of principal and interest. Two leaders of Vietnam Social Security and many related officials and party members have been prosecuted for criminal investigation.

Mr. Vu Van Ninh's violations and shortcomings are serious, causing huge losses of State money, negatively affecting the reputation of the Party organization and him personally, causing bad public opinion, and requiring strict disciplinary action according to Party regulations.

During the review process, Mr. Vu Van Ninh clearly recognized his personal responsibility for the violations and shortcomings while performing his assigned duties and tasks.

Pursuant to Regulation No. 102-QD/TW dated December 15, 2017 of the Politburo on disciplinary action against violating Party members, considering the content, nature, level, consequences of the violation and his working process, dedication and contribution to the Party and State, the Politburo decided to discipline Mr. Vu Van Ninh with a warning.

The Politburo requested competent authorities to take administrative disciplinary action against Mr. Vu Van Ninh in accordance with Party disciplinary action./.