The first-instance trial on the case involving mismanagement at the
National Shipbuilding Industry Group (Vinashin) opened in the northern
port city of Hai Phong on March 27.
defendants, including former chairman and general director of Vinashin,
Pham Thanh Binh, have been indicted for intentionally violating State
regulations on economic management, causing serious consequences.
to the indictment, Binh and his accomplices disregarded State laws and
regulations on investment, management and use of State capital in the
purchase of Hoa Sen ship, investment in construction of the Song Hong
thermal power plant in Nam Dinh province and the Cai Lan diesel thermal
power plant in Quang Ninh province, sale of a ship named Bach Dang Giang
and the financial lease of Binh Dinh Star Ship.
The trial is expected to last until March 30.
was established in 1996 to develop the country's shipbuilding industry,
but developed financial problems in 2009. The Government later
introduced reforms to get the embattled shipbuilder back on track.-VNA