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Steel manufacturer tries to revive after 10 years of being idle Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 14/05/2021
15:00 GMT+7 The expansion of the Thai Nguyen steel project has yet to be completed after 14 years. Several former managers of the Thai Nguyen Iron and Steel JSC (Tisco) have been sent to prison for wrongdoings related to the project. The defendants The Thai Nguyen Cast Iron and Steel Complex was the ‘first child’ and the pride of Vietnam’s metallurgy sector. Tisco was once a strong brand in the industry. But since 2018 its performance has steadily declined. ....
One project fails, three CEOs prosecuted Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công 19/12/2020
16:00 GMT+7 The Thai Nguyen iron and steel project phase 2 has been left idle for many years, bringing about the dismissal and prosecution of high ranking managers of Tisco (Thai Nguyen Iron and Steel JSC) and VNSteel (Vietnam Steel Corporation). In April 2019, the Police Department for Corruption, Smuggling and Economic Crimes (C03) issued a decision to prosecute a criminal case for the violation of regulations on investment in construction works, causing serious consequences and the violation of regulations on the management and use of State assets causing loss and waste” which occurred in the second phase of TISCO’s iron and steel plant. ....