Former CEO of PetroVietnam Exploration Production, Do Van Khanh, arrested on corruption charges.
On 18 December the Ministry of Public Security prosecuted Do Van Khanh on “abusing power to appropriate property.” On 20 December Phan Van Anh Vu, the former chairman of Bac Nam 79 Construction Company was sentenced to 17 years in prison. This comes on top of a previous conviction in July 2018 where Vu was sentenced to nine years. The same day the former CEO of DongA Bank, which was implicated in the corruption case, was sentenced to life imprisonment.
Huawei CFO Meng Wanzhou, arrested in Canada on US extradition request.
On 1 December Meng Wanzhou, the vice-chairwoman and chief financial officer of Huawei, was arrested in Vancouver, Canada at the request of the United States authorities. The detainment occurred as Presidents’ Trump and Xi were formally meeting at the G20 Summit in Argentina.
In the four months since President Trump’s announcement of the US withdrawal from the Iran Nuclear Deal, the remaining signatories have been scrambling to save what was a decade-long process to peacefully halt Iran’s nuclear program. Although, the US dollar financial system will prove to be almost insurmountable, what options are being tabled to facilitate continuing trade?
On 1 October, the Commission for the Management of State Capital at Enterprises, a new government agency, was officially launched. The Commission, chaired by Nguyen Hoang Anh, has taken control of 19 state-owned enterprises with further additions likely.