Truong Van Tuyen (left).

There has been yet another change at the top at the Vietnam Shipbuilding Industry Corporation, with Truong Van Tuyen taking over as general director from acting chief Nguyen Quoc Anh.

Tuyen, 60, is a former general director of the state-owned Vietnam Oil and Gas Group (PetroVietnam) and the current head of the Dung Quat oil refinery.

Anh had taken over from Tran Quang Vu August 30 after the latter was suspended and then arrested on charges of mismanaging state assets while serving as the head of a Vinashin subsidiary in the early 2000s.

Vu himself had only been appointed July 1 in place of Vinashin’s founding director Pham Thanh Binh who had been arrested on similar charges.

A government audit had found the company having debts of US$4.5 billion.

Police have so far arrested six Vinashin officials, including the two former chief executives.

Last month the government ordered commercial banks to suspend Vinashin’s debt repayments and gave the company an estimated $130 million to complete its shipbuilding orders and ensure their delivery this year.

Source: Tuoi Tre