Trinh Xuan Thanh turns himself in, what will happen to Vu Dinh Duy?

Trinh Xuan Thanh and Vu Dinh Duy have many similarities in their official careers. They both worked as bosses of state-owned enterprises under the same roof as the Oil and Gas Group, both rose rapidly while leaving huge losses, then both fled abroad before being prosecuted and wanted. Trinh Xuan Thanh was sentenced after 1 year in hiding, but what will be the outcome for Vu Dinh Duy?

In 2008, Dinh Vu Hai Phong Fiber Factory (PVTex) was approved for investment with a capital of nearly 325 million USD (about 7,000 billion). Vu Dinh Duy was assigned the responsibility of General Director from July 2009.

Under Vu Dinh Duy, the factory has been continuously in a state of loss. The total loss as of March 31, 2015 has reached 1,732 billion VND, the 7,000 billion VND factory is dead and has not yet been scheduled to restart.

Having been a boss at PVTex for nearly 5 years (from July 2009 to February 2014), Vu Dinh Duy has flourished in his career. In December 2014, Duy was appointed by the Chairman of Hai Phong City People's Committee as Deputy Director of Hai Phong Department of Industry and Trade.

Trinh Xuan Thanh has been sentenced, but Vu Dinh Duy is still on the run.

But Vu Dinh Duy did not stay in this chair for long. Because only 6 months later, in June 2015, the then Minister of Industry and Trade, Mr. Vu Huy Hoang, appointed Duy as Deputy Director of the Department of Industrial Safety Techniques and Environment.

Mr. Duy also held this position for more than 11 months. After that, former Minister Hoang signed a decision to appoint Duy as a member of the Board of Members of the Vietnam Chemical Group (Vinachem) from April 8, 2016.

However, just 7 months later, from November 2016, Vu Dinh Duy did not appear at work with the reason "asking for leave to go abroad for medical treatment".

That was also the time when the Government Inspectorate discovered many serious violations when inspecting the investment in construction and operation of this 7,000 billion VND factory.

More than 7 months after Vu Dinh Duy “went abroad for medical treatment”, the Ministry of Public Security’s Investigation Police Agency issued a decision to prosecute the criminal case: Intentionally violating state regulations on economic management causing serious consequences (according to Article 165 of the Penal Code) occurring at PetroVietnam Petrochemical and Fiber Joint Stock Company (PVTEX), Kinh Bac Petroleum Investment and Construction Joint Stock Company (PVC.KBC) and related units.

Former PVTex bosses who were prosecuted and temporarily detained include former PVTex Chairman Tran Trung Tri Hieu, Vu Phuong Nam, former Chief Accountant of PVTex. Vu Dinh Duy - former General Director of PVTex was prosecuted and specially wanted.

It can be seen that Trinh Xuan Thanh and Vu Dinh Duy have many similarities in their official careers, from being the boss of a state-owned enterprise to being imprisoned: Both were the bosses of a state-owned enterprise under the same roof as the Oil and Gas Group, both rose rapidly while leaving behind huge losses, then both fled abroad before being prosecuted and then wanted.

Trinh Xuan Thanh has surrendered after nearly a year in hiding, what will be the outcome for Vu Dinh Duy?

Before Trinh Xuan Thanh and Vu Dinh Duy, there were many "former" SOE bosses who fled abroad when their business suffered losses, but most of them did not escape.

A typical example is the case of Duong Chi Dung, former Chairman of Vinalines, former Director of the Maritime Administration. In early 2012, after leaving Vinalines, leaving behind a huge loss at the company, Duong Chi Dung became Director of the Maritime Administration. However, Duong Chi Dung only held this position for 2 months. On May 17, 2012, the Ministry of Public Security's Investigation Police Agency prosecuted Duong Chi Dung and his accomplices for the crime of intentionally violating state regulations on economic management, causing serious consequences. However, Dung quickly fled before the investigation agency executed the arrest warrant on May 18, 2012. However, only 4 months later, in early September 2012, Duong Chi Dung was also arrested under an international arrest warrant.

At the appeal trial in May 2014, Duong Chi Dung, former Chairman of Vinalines, was sentenced to death by the Trial Council.

Another character, Giang Kim Dat - former Head of the Business Department of Vinashinlines Company, also accepted the highest penalty of the law after a long time of fleeing abroad. Embezzling hundreds of billions of dong, Giang Kim Dat fled to Cambodia and Singapore since August 2010. After 5 years, on July 7, 2015, Giang Kim Dat was arrested. At the trial in February 2017, Giang Kim Dat was sentenced to death by the court.

According to Vietnamnet