HCMC – The Ministry of Public Security investigators today, August 14, issued a decision to detain and prosecute Nguyen Hong Truong, former Deputy Minister of Transport, for the alleged mismanagement and misuse of State assets, causing losses and wastefulness, as regulated in Article 219 of the 2015 Penal Code.
Truong is prosecuted alongside Dinh La Thang, former Transport Minister; Nguyen Chi Thanh, former deputy head of the Transport Ministry’s Financial Department; and Le Trung Cuong, an executive of the Financial Department, for the same charges.
Nguyen Hong Truong, 63, had served as vice chairman of Nghe An Province, his hometown, in north-central Vietnam, before being named deputy minister of transport from April 2007 to 2017.
Last year, the Inspection Commission of the Party Central Committee pointed out many violations and shortcomings of several individuals working at the transport ministry. Of them, Truong was held accountable for violations and shortcomings of the Party unit during his terms of office as deputy minister of transport and head of the Steering Committee for Enterprise Reform and Development, under the ministry.
Truong was personally accountable for his decisions in approving the corporate value, equitization plans and State capital divestment of many enterprises under the management of the transport ministry. He even suggested the then prime minister approve equitization plans, which was beyond his mandate.
In July 2019, the Party Secretariat decided to strip Truong of titles for posts he had held in the Party unit of the Transport Ministry for the 2011-2016 and 2016-2021 tenures.
In September 2019, Prime Minister Nguyen Xuan Phuc stripped Truong of his title as former deputy minister of transport during the 2011-2015 and 2016-2017 periods, as a disciplinary measure for his violations of regulations on the equitization of State-owned enterprises under the management of the ministry.