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State auditor plans to dig for the truth in State firms

Update: December, 24/2012 - 10:09

HA NOI (VNS) — The State Auditor of Viet Nam (SAV) will audit 143 companies and agencies belonging to 16 ministries, 34 provinces and cities, 25 investment projects and five national target programmes in 2013.

This was announced by Deputy State Auditor General Le Minh Khai at a press conference on Friday.

A number of State-owned groups and banks were slated for auditing, including the Viet Nam National Oil and Gas Group, the Coal and Mineral Industries Group, the Song Da Corporation, Electricity of Viet Nam and Viet Nam Textiles and Garments.

Four State-owned banks were also on the list: the Viet Nam Joint Stock Commercial Bank for Industry and Trade, the Agriculture and Rural Development Bank, the Viet Nam Commercial Bank and the Viet Nam Development Bank, according to Khi.


Auditing State-owned groups and banks aims to provide objective and truthful information about the economic restructuring process to the Government and people. Based on the results, the SAV will propose petitions to the Government and the National Assembly directing the restructuring of state-owned enterprises and banks, according to Khai.

The audits will focus on inspection of land management and use, home and urban development and exploitation of natural resources and minerals. SAV will also step up inspections in areas related to economic restructuring, especially projects relating to state investment restructuring, added Khai.

The SAV carried out 161 audits and proposed solutions for financial errors worth VND9.1 trillion (roughly US$433 million) in 2012. — VNS

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