Viet Nam Cement Industry Corporation (Vicem) has appointed Bui Hong Minh general director. He was previously deputy general director of the company.

Minh, 46, held the position of deputy general director since 2013. Before that, he worked at But Son and Ha Tien cement companies. He became director of Bim Son Cement Company in 2011 prior to joining Vicem.

Minh will replace Tran Viet Thang, who was just released from the position because he was allegedly involed in several violations in management, production operation and business in the corporation.

Regarding the operation of Vicem, Prime Minister Nguyen Xuan Phuc, in March, required the Ministry of Construction to check and clarify information that the corporation had made mistakes in its operations, causing the loss of billions of dong.

According to Conclusion 402, issued by the construction ministry’s inspectors on October 14, 2016, public receivables of 20 units under Vicem amounted to more than VND4 trillion (US$175.6 million), including debt from taxes on the State budget at VND326 billion and other receivables of more than VND3.12 trillion. — VNS