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State Audit
Update news State Audit
Audits of enterprises with less than a 50% public stake face difficulties
Legal restrictions make it difficult to audit the use of capital, assets, land and the use of workers in enterprises in which the state holds less than 50 percent of capital.
State Audit detects misspending of over US$15 billion in 2016-20
State audit activities have been essential in perfecting legal framework, making great contribution to the fight against corruption and waste.
State audit on the right track to realise Moscow Declaration
Deputy Auditor General of the State Audit Office of Vietnam (SAV), Nguyen Tuan Anh, talks about his office’s contributions in strengthening independent external oversight on the achievement of nationally agreed goals.
NA Standing Committee opens 40th session
The National Assembly (NA) Standing Committee opened its 40th session, the last of the year, in Hanoi yesterday.
NA debates granting State Audit access to businesses and organisations' electronic data
Auditor General Ho Duc Pho told National Assembly (NA) deputies “not to worry not too much” about leakages when electronic data of the audited organisations and individuals become readily accessible by the State Audit of Vietnam.
State Audit helps ensure corruption-free use of State budget: chief auditor
VietNamNet Bridge – The 14th assembly of the Asian Organisation of Supreme Auditing Institutions (ASOSAI) is an international ministerial-level gathering that is being held in Vietnam for the first time in 2018.
$5 billion ‘wrongly spent’ each year: where has the money gone?
VietNamNet Bridge - The Government Inspectors’ conclusion that $5 billion worth of state’s money is “wrongly spent”’ a year has stirred up the public.
State audit to inspect BOT traffic projects
VietNamNet Bridge – Several BOT (Build-Operate-Transfer) traffic projects will be on 2018’s audit list, the State Audit Office of Viet Nam (SAV) announced yesterday.
State Audit to look into more areas next year
VietNamNet Bridge – State Audit of Vietnam will expand its scrutiny into other areas next year, including land and natural resources.
State Audit to check multiple big-ticket projects
State Audit of Vietnam will inspect many infrastructure projects this year with their investment costs amounting to trillions of Vietnam dong, such asTerminal T2 at Noi Bai International Airport and HCMC-Long Thanh-Dau Giay Expressway.
BUSINESS IN BRIEF 20/4
Japanese firm makes battery-powered bikes in city; ANZ: Bad debts hinder lending; Casino winners may repatriate money abroad; State Audit says to examine road maintenance fund; Occupancy peaks in HCMC office market
Local public debts huge, but national public debt still safe
VietNamNet Bridge – Local authorities all reportedly have big public debts due to the overly high spending. However, the figures about the debts are not counted on when calculating the national public debt.
Unable to go bankrupt, businesses turn to crimes
VietNamNet Bridge – A lot of businesses which cannot declare bankruptcy, have become the “zombies” which operate under disguised marks, cheat partners and evade tax.
