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The Politburo sanctioned Mr. Nguyen Van Binh for his violations during his term as Governor of the State Bank.
On November 8, a statement from the Party Central Office said that two days ago, the Politburo meeting chaired by the Secretary-General, President Nguyen Phu Trong, made the above decision, after “considering the situation, content, nature , scope, consequences, causes of violation and work process and contributions “by Mr. Nguyen Van Binh – Member of the Politburo, Secretary of the Central Committee of the Party, Head Central Economic Committee, for the Party and the State.
Consequently, considering the proposal of the Central Inspection Committee, the Politburo found that, during his position as a member of the Party Central Committee, Secretary of the Party Committee, Governor of the State Bank of Vietnam, Mr. Nguyen Van Binh has many violations and deficiencies.
First of all, it is responsible for the head of the State Bank of Vietnam to promulgate legal documents with incomplete or ineligible content as prescribed by the government, leading to violations and defects. Handling bad debts, causing loss of state budget revenue
According to the announcement, Mr. Binh also violated the signing and promulgation of a resolution approving the special loan for Construction Bank with an interest rate of 0% and without guarantee.
Mr. Binh is also responsible for the head of violations and deficiencies of the State Bank of Vietnam by allowing the Thien Thanh group to buy back shares of Dai Tin Bank; approve Pham Cong Danh as the expected member of the Construction Bank Board of Directors; No special control over the Construction Bank.
In addition, Mr. Binh violated the principle of democratic centralization, labor regulations when he did not report to the competent authorities for politics on important and important issues; Failure to fully and improperly report on the implementation of the Prime Minister’s directive opinion on the mandatory purchase of 3 banks at zero dong prices is a violation of the principle of authority.
The announcement also stated that Mr. Binh allowed many violations and deficiencies in the State Bank of Vietnam and credit institutions, many people were criminally treated.
Mr. Nguyen Van Binh, Head of the Central Economics Department. Image: Glory
The Politburo found that during his time as a member of the Party Central Committee, Secretary of the Party Committee, Governor of the State Bank of Vietnam, Mr. Nguyen Van Binh was responsible for the head of violations and deficiencies. points of the State Bank of Vietnam and personal responsibility in the performance of assigned functions and tasks, causing very serious consequences and difficult to overcome.
Many officials, members of the State Bank of Vietnam and key leaders of some credit institutions are punished for breaking the law.
The violations and shortcomings of Mr. Nguyen Van Binh are “serious, cause frustration in society and negatively affect the reputation of the party organization, the State Bank of Vietnam and the people.”
“During the review process, Mr. Nguyen Van Binh accepted responsibility for violations and defects and self-discipline,” the statement said.
Five days ago, after considering the results of the examination and verifying the related contents, the Central Inspection Committee proposed to the Politburo to consider and discipline Mr. Nguyen Van Binh.
Mr. Nguyen Van Binh was born in 1961 in Phu Tho, he has a PhD in economics (in the Russian Federation). He worked at the Banco del Estado since December 1986. After 12 years working in the Department of International Cooperation and assuming the position of Head of the Office of the Banco del Estado, in November 1998 he was appointed Deputy Director of the Banco del Estado, Branch from Hanoi.
From November 2001 to June 2005, he moved to the Russian Federation to work as Vice President and then Acting President of the International Investment Bank (MIB). He returned home in 2005 and returned to State Bank as Chief Inspector. In April 2008 he was appointed Lieutenant Governor. In August 2011, he was approved by the XIII National Assembly to the title of Governor of the State Bank of Vietnam, after 3 years holding the position of Vice Governor.
When Binh took office, the Vietnamese banking system faced many risks. NPLs increased after a period of crisis, cross-ownership of the banking system has not been fully addressed, inflation has sometimes been in the double digits, interest rates on business loans exceeded 20%; dollarization, goldenization …
In April 2016, Mr. Binh resigned as Governor. At the end of his term (from August 2011 to April 2016), he left his mark with the stabilization of the gold market …, however, in his time there were also many controversial decisions, such as The State buys weak banks at the price of 0 dong. From 2016 until now, he has held the position of Head of the Central Economic Department.
