Hanoi (VNA) – ThePolitical Bureau of the Communist Party of Vietnam Central Committee on July 19decided to issue a disciplinary warning against Vu Van Ninh, former member ofboth Party Central Committee and Government’s Party Civil Affairs Committee andformer Deputy Prime Minister.

The decision was madeduring the Politburo’s meeting which was held in Hanoi under the chair of PartyGeneral Secretary and President Nguyen Phu Trong.

According to thePolitburo, as a member of the Party Central Committee and the Government’sParty Civil Affairs Committee and Deputy PM in charge of business innovationfrom August 2011 to April 2016, Ninh signed documents allowing the equitisationand divestment of State capital from Quy Nhon Port JSC and Quang Ninh Port JSC.

He agreed in principlewith the People’s Committee of Khanh Hoa province to continue with Statecapital divestment after taking over Nha Trang Port JSC. Ninh also gave greenlight to the plan to equitise the Airports Corporation of Vietnam and teninternal water management units, which were not subject to the equitisation.

These documents rancounter the Politburo’s conclusions and the Government’s decree on equitisationand divestment of State capital in tandem with the restructuring of State-ownedenterprises.

In his positions as memberof the Party Central Committee, Secretary of the Party Civil Affairs Committeeof the Ministry of Finance, Minister of Finance and Chairman of the VietnamSocial Security Management Council from July 2006 to 2011, Ninh lackedresponsibility in leadership, direction, examination and supervision andviolated the Law on Social Insurance and the Government’s decree stipulatingfunctions, tasks, rights and organisational structure of the Vietnam SocialSecurity (VSS).

He let two VSS GeneralDirectors (in 2008 and 2009) seriously violate legal regulations through the signingof contracts allowing AgribankFinancial Leasing Company No. 2 to get loans worth 1.01 trillion VND (43.43million USD).

The bankruptcy of the Agribank Financial Leasing Company No. 2 resultedin a huge loss to the State. The two VSS leaders and many officials and Partymembers involved in the case also faced criminal proceedings.

The Politburo said Ninh’s violations were serious and affected theprestige of the Party organisation and himself, causing public concern. Ninhaccepted his responsibility for the violations and wrongdoings.

The Politburo also asked authorised agencies to issue administrativedisciplinary measures against Ninh in proportion to the Party’s disciplinarymeasures.-VNA