He is also the former Secretary of the Party Committee and former chairman of PVN (2005-2011). Thang also ordered some individuals and units to ink a financial contract between PVN and PVC. Then he required PVN to pay advances to PVC more than $6.3 million and VND1.3 trillion ($59 million) to implement the contract. Beginning its commercial operation in May 2014, initially the project was invested by PVN and state-run garment and textile maker Vinatex. After some restructuring, the plant’s stakeholders included PVN (75 per cent) and PetroVietnam Fertilizer and Chemicals Corporation (25 per cent).

Source: VietNamNet News December 26, 2017 07:30 UTC