The Vietinbank Tower headquarters constructing challenge in Ciputra with a complete funding of greater than VND 10,000 billion was concluded by the Government Inspector to have violations.

He introduced the Headquarters Building – Commercial and Financial Center of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank Tower) in Ciputra city space, Tay Ho district, Hanoi for a few years.
Expected to be a logo of the banking trade, the VietinBank Tower headquarters constructing challenge was began in 2010, constructed on a land space of almost 3 hectares together with 2 towers of 48 and 68 flooring positioned in a major location. The most distinguished location in Hanoi is Ciputra city space.
The challenge has a complete funding of 10,267 billion VND, designed with two towers VietinBank Tower. The first 68-storey tower, designed to maximise power consumption, would be the major workplace of VietinBank. The second tower with 48 flooring would be the place to put a 5-star lodge, healthcare space, and luxurious residences for hire. The higher flooring of every tower are organized diagonally to kind V-shaped corners, the brand of VietinBank.
However, after a few years of implementation, the challenge remains to be lined with mats and stopped for a few years. Reporters’ information present that at current, this trillion-dollar building website has no staff or equipment in operation. Rusted iron poles, stained concrete columns due to many years of publicity to wind and dew.

Mr. Nguyen Van Thang, presently Secretary of the Provincial Party Committee of Dien Bien for the time period 2020 – 2025
It is understood that this challenge has been carried out since Mr. Nguyen Van Thang was nonetheless the General Director of Vietinbank, then the Chairman of the Board of Directors of Vietinbank. However, till Mr. Thang left, the tremendous challenge remained immobile.
Regarding this challenge, the Government Inspector additionally beforehand made inspection conclusions, mentioning many errors made by Vietinbank leaders in the course of the implementation of the VietinBank Tower challenge.
Accordingly, the Inspector’s conclusion confirmed that the funding and lease of land in Ciputra was not in accordance with Vietinbank’s competence, which violated the Law on Construction, Decree No. 16 of the Government on administration of building funding initiatives. wasted funding cash paid from 2008-2010 to be handed over land.
The Government Inspectorate recommends the Prime Minister to assessment and manage the assessment of obligations for the efficiency of the state administration operate and proprietor’s rights; group to assessment the obligations of the Board of Directors, particularly within the funding and lease of land in Ciputra. Coordinate with related authorities to observe and supervise the development funding of Vietinbank’s headquarters constructing in Ciputra.
In addition to the ten,000 billion VND challenge stalled at Ciputra, Mr. Nguyen Van Thang can also be mentioned to be liable for lending Tisco 1,900 billion VND to serve the Thai Nguyen Iron and Steel Production Expansion Project Phase 2 (Tisco 2) . Regarding Tisco 2, many challenge leaders have additionally been prosecuted and tried.
In 2015, the Government Inspectorate additionally found numerous circumstances with indicators of prison exercise at Vietibank, so it transferred the recordsdata of 6 circumstances to investigative businesses to deal with fraudulent acts of appropriating property. violating rules on lending within the operation of credit score establishments.
Mr. Nguyen Van Thang held the place of General Director of Vietinbank from 2011, till April 2014, he was elected to carry the place of Chairman of the Board of Directors of Vietinbank and resigned from this place in July 2018.
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