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VNPT to be examined: Government Inspectorate

Update: March, 09/2012 - 12:22

HÀ NỘI – The Government Inspectorate has announced a plan to scrutinise the operations of Việt Nam Post and Telecommunications Group (VNPT), the country's largest telecommunication provider.

Under the decision made by Deputy Chief Inspector of the Government Inspectorate Nguyen Van Sanh, the inspection will focus on the group's use and management of capital and assets since it was established in 2006 to last year.

If necessary, the inspectors might also look at VNPT activities before and after the period. Prior to becoming a group, the organisation was organised as a corporation.

Inspections will also be conducted on the group's member companies.

Led by Deputy Head of the Economic Sector Inspection Department Le Sy Bay and under the supervision of Head of the department Pham Van Khanh, the inspectors will work on this case for 85 days.

In 2009, the Government Inspectorate discovered a number of violations when they examined the equitisation of some of VNPT's member companies.

With more than 90,000 on staff, the group has 71 million mobile phone subscribers, 12 million land line users and tens of millions of internet customers. Its services reach every city and province in the country.

Converted to group from a corporation in 2006, VNPT was established to become one of Việt Nam's major economic groups. Apart from post, IT and telecommunications, VNPT also invests in credit, banks, advertisements and real estate among others.

The inspection of VNPT has been included in the Government Inspectorate's working plan which was approved by the Prime Minister.

This year, Government inspectors will focus on the State management responsibility of ministries and localities in areas such as construction planning and investment and on budget collection at processing and export zones and businesses. – VNS

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