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| Many corruption cases processed slowly | ||
| 18:30' 09/07/2009 (GMT+7) | ||
Prime
Minister Nguyen Tan Dung on July 8 chaired a meeting of the
Anti-corruption Central Steering Committee to review the fight against
corruption in the first half of 2009 and discuss plans for the second
half. The
committee heard reports that to deter corruption, officials in six
ministries and 16 provinces and cities have been shuffled among posts. In Dong Nai province to the east of The implementation of an order to senior officials to declare personal assets has been slow. So far, asset declarations by only 103 officials have been verified. None have been judged irregular. 115 cases of corruption by senior officials were reported in six ministries and 11 provinces in the first six months of 2009. The Government Inspectorate released results of audits at eight state-owned groups and government agencies. In all, it discovered wrong-doings involving over 11 trillion dong (about $640 million) and 21,500 shares. Government
inspectors proposed the imposition of administrative sanctions on 11
agencies and 24 individuals and suggested investigation units continue
to probe into three other cases. Meanwhile,
inspectors from ministries, sectors and localities conducted 6,909
inspections, proposing administrative sanctions on 275 agencies and
over 1,000 individuals and transferring 26 cases and 33 people to
investigative units for further examination. Authorities
at six ministries and sectors and 11 provinces and cities dealt with
115 heads of organisations involved in corruption. Eight
key corruption cases originating in 2007 remain unfinished, including
the PMU18 and the Bai Chay bridge project scandals. Ten other cases are
moving to completion, including the Project 112 and the case at the
Agriculture and Rural Development Bank. Huynh Ngoc Si, former deputy director of the HCM City Transportation Department, has not yet been prosecuted. He is charged with bribe-taking. After
hearing the committee’s report, PM Nguyen Tan Dung confirmed that
positive results were achieved in the anti-corruption fight in the past
six months. Those involved in major corruption cases discovered recently have been strictly punished. However,
the prime minister continued, there are weaknesses in anti-corruption
efforts, in particular the slow implementation of orders to officials
to declare their personal assets and concerning reviews of land
management. Suspected cases of corruption should be handled more swiftly. There are issues concerning the culpability of managers who have allowed corruption to take place in their units. Dung
emphasised that reforming administrative procedures and operating the
Government and business in a transparent and open manner are essential
deterrents to corruption. He
asked inspection agencies to focus particularly on monitoring the
management and use of land, investment and construction, natural
resource management, the settlement of long-standing petitions and
complaints, and the use of the government’s stimulus packages. VietNamNet/TTXVN/DT
Should think careful ( my advise) not mind my sentence |
Hulumas ( Date: 14-Aug-2009 15:00) Posted:
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VietNamNet Bridge – Administration errors and corruption in ministries, sectors and localities cost the country more than VND66 billion (US$3.6 million) over a 12-month period, the Government Inspectorate said at a press conference yesterday, August 13.
Hulumas ( Date: 14-Aug-2009 15:00) Posted:
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chewwl88 ( Date: 14-Aug-2009 02:27) Posted:
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Vietnam's Latitude Tree to raise S$6m in IPO on Catalist
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SINGAPORE : Vietnam-based Latitude Tree International plans to
raise about S$6 million through an initial public offering (IPO) on
Catalist.
Latitude Tree is the largest exporter of wooden home furniture in
Vietnam. Its products are exported to its main market in the US,
Canada, Malaysia, the Middle East, UK and Hong Kong - mainly to
furniture importers, wholesalers and agents.
The firm is launching 36 million placement shares priced at 22 Singapore cents each.
Finance Director Yeoh Joe Son said the proceeds of the IPO will be used to help the company expand its business.
"30 per cent of the fund will be for CAPEX, more advanced
machinery. Another 30 per cent is for warehousing. We have to build a
warehouse for our buyers... to give value-added services to our buyers.
The remaining is for working capital," said Yeoh.
Yeoh added that the firm also plans to expand into new, non-traditional
markets such as India and China for the export of its furniture.
The IPO placement opened at 5pm on Wednesday and will close at 10am
on August 17. Listing and trading of Latitude Tree's shares are
expected to start at 9am on August 19. -
Vietnamese people want get money from Singaporean. Their government cheat a lot of money. can trust this counter?? 
teeth
i read that NAV is 15.x cents ,,,, could u check and let me know what is NAV or NTA?
| teeth53 ( Date: 13-Aug-2009 21:59) Posted: |
