Former CEO of Vietnam's PVTex suspended

A former executive at a near-bankrupt fibre plant was suspended by Vietnam’s Ministry of Industry and Trade in mid-November after being absent from duties for nearly one month.

Vu Dinh Duy, the former chief executive officer of Petrochemical and Textile Fibre (PVTex), part of the state-owned oil group PetroVietnam, was found to have been overseas since 22 October.

For the full story, see the December 2016 edition of Textiles South East Asia. Not a subscriber? Sign up HERE