Vietnam gov't to report more on Vinashin scandal

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The government will report more on its actions regarding financial management at the state-owned shipbuilding corporation Vinashin at the next National Assembly session to open on October 20, an official said Thursday.

Nguyen Hanh Phuc, chief of the National Assembly's office, said some representatives wanted to know more about the government's conclusions and actions in the case of the Vietnam Shipbuilding Industry Group (Vinashin), which nearly went bankrupt last year after piling debts of $4.5 billion.

Last month, the Ministry of Public Security concluded its investigations and sought charges of "deliberately acting against State regulations on economic management" against eleven officials, including Pham Thanh Binh, former board chairman, and Tran Quang Vu, former general director.

Phuc said some representatives also asked the government to report on its external debts and guaranteed debts as of June 30, 2011.

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In a statement in late August, the Ministry of Finance said that Vietnam's total external outstanding debt in 2010 was equivalent to 42.2 percent of the country's GDP, compared to 39 percent in 2009.

According to Phuc, other issues like measures relating to reducing traffic accidents and congestion in major cities, as well as drug addiction and corruption will also be discussed at the session scheduled to end on November 26.

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