The case of Vinashin, a state-owned shipping group in the news recently for a mismanagement scandal, should be better understood to avoid improper interpretations that could further complicate the situation, lawmakers say.
Major-general Be Xuan Truong, chief of the Military Zone No. 1 Staff and a deputy of the northern mountainous Bac Kan Province, said Vinashin was a bitter lesson but it did not warrant a commission to conduct an investigation.
The Communist Party leaders have dealt with the issue and a thorough inspection has been carried out to evaluate the situation at Vinashin, Truong told the month-long parliamentary session on Tuesday (November 2).
Deputy Vo Trong Viet of Son La Province also proposed that the National Assembly - Vietnam's parliament take a careful approach to the case to avoid "complicating the situation."
"The government has a plan to help Vinashin recover, pay its debts and develop," he said.
The National Assembly deputies said that many people hadn't fully understood the current situation at Vinashin.
Major-general Tran Ba Thieu, deputy from Hai Phong City, said Vinashin's wrongdoings are "very serious but the situation is under control and not too bad."
"In reality, many ships are being produced. I proposed the legislature to instruct that Vinashin has a report during the session to be broadcast live so that residents can understand what's happening [at Vinashin]," he said, adding that even many legislators have not understood the case fully.
Deputy Nguyen Duc Kien of the Mekong Delta province of Soc Trang rejected accusations of systematic wrongdoing at Vinashin and blamed personnel management at the state-owned group for its current woes.
Allowing an individual to hold the positions of chairman, general director and secretary of Party's unit for a long time has created favorable conditions for wrongdoing, he said.
Kien, who is also vice chairman of the National Assembly, was also concerned that misunderstanding the case could undermine a good policy for developing state-owned enterprises issued a decade ago. He proposed that the central government set up a unit to manage the capital of such enterprises.
Finance Minister Vu Van Ninh said the central government has requested an audit of Vinashin's assets.
"Some have said that Vinashin had borrowed loans of VND86 trillion and would lose everything. Basing on the group's report, it owed VND86.031 trillion as of June 30 but its property is valued at VND103.774 trillion. Thus, the loans have been invested in projects and assets. Some projects are effective and some aren't," he said.
During the National Assembly session, the Minister of Planning and Investment Vo Hong Phuc said that Vietnam must never face another Vinashin case, the Agence France Presse reported Tuesday.
"We must draw lessons in order to never have a second Vinashin," he said, calling for a fresh approach to state investment in the country. "We need to have new mechanisms and laws to manage state investments," he said.
In his closing remarks of the two day session on socio-economic discussion, Kien, said the parliament's Standing Committee would issue another report on whether to establish a commission to investigate the shipping group whose managers are said to have invested money in non-core businesses in a reckless manner.