After losing her NA delegate position in July for holding dual citizenship, Ms. Nguyen Thi Nguyet Huong now dismissed from People's Council for incorrect asset declaration.
After being ousted from the National Assembly (NA) in July Ms. Nguyen Thi Nguyet Huong was also dismissed from her position on the Hanoi People’s Council on August 3 due to inaccuracies in her asset declaration.
Ms. Huong, born in 1970 in Nam Dinh province, stated in her election profile that she does not have money or cash overseas, but the Ministry of Public Security discovered this is not the case.
Chairwoman of Vietnam Investment Development (VID) - a private concern specializing in developing industrial parks in the north - Ms. Huong was dismissed as the NA delegate for Hanoi on July 17, shortly before the 14th legislature’s first session on July 20.
“The National Election Council has checked with Ms. Huong about her citizenship and assets and she has acknowledged that she holds dual citizenship and did not provide accurate information about her overseas assets,” said Mr. Nguyen Hoai Nam, Head of the Legal Committee at the People’s Council.
VID has invested in ten industrial parks in Hung Yen, Ha Nam and Hai Duong provinces in the north. She is also Chairwoman of TNG Holdings Vietnam, the investor in several urban area and apartment projects in Hanoi.
Ms. Huong’s husband, Mr. Tran Anh Tuan, born in 1969 in central Ha Tinh province, is currently Chairman of Maritime Bank (MSB). In 2011 its asset management company became a shareholder in Maritime Securities Incorporation (MSI), picking up an 11 per cent stake, which was previously Standard Securities and was licensed in 2008.
Ms. Huong was reported to have sent a proposal that she “resign from her role as NA delegate” before the NA’s first session opening on July 20.
With two dismissals - Ms. Huong and Mr. Trinh Xuan Thanh from Hau Giang province - the total number of NA delegates in the new legislature stands at 494 from the planned 500.
The National Election Council dismissed Mr. Thanh, who is also Deputy Chairman of the Mekong Delta province, on July 15 after he was found to be responsible for poor management at a State-owned enterprise some years ago.
He was forced to “take responsibility” for losses of some VND3.2 trillion ($142 million) during his days at the helm of the PetroVietnam Construction Corporation (PVC), the Party Central Committee’s Inspection Commission announced on July 11.
MSB’s first half business performance is said to have been better than expected. Revenue was reported at VND1.28 billion ($57.4 million), up 41 per cent compared to the same period last year, according to MSB’s January-June report released in mid-July. Pre-tax profit stood at VND151 billion ($6.9 million), up 163 per cent year-on-year.
- Nguyen Thi Nguyet Huong
- TNG Holdings Vietnam
- Maritime Bank
- NA delegate