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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
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Ho Chi Minh City
Sunday, July 13, 2025

Former Deputy Minister of Industry and Trade expelled from Party

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HCMC – The Secretariat of the Party Central Committee expelled former Deputy Minister of Industry and Trade Ho Thi Kim Thoa from the Party on December 2 for serious violations in the management and use of State assets in the 2010-2017 period.

According to the Secretariat, while serving as Deputy Minister of Industry and Trade and a member of the ministry’s Party Committee during the period, Thoa violated regulations on the management and use of State assets, causing losses and wastefulness, the local media reported.

She approved the divestment of Saigon Beer, Alcohol and Beverage Corporation, a unit under the Ministry of Industry and Trade, from a project on a 6,000-square-meter land lot at 2-4-6 Hai Ba Trung Street in HCMC’s District 1, leading to the State’s asset turning into a private firm’s asset at a low cost.

After a retirement decision, she abandoned the Party’s activities and went abroad.

The Secretariat concluded that her violations were extremely serious, tarnishing the prestige of the Party and the Ministry of Industry and Trade.

In early November, the Party Central Committee’s Inspection Commission proposed the Party Central Committee’s Secretariat expel Thoa from the Party.

 

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