Auditors unearth $706 mln in state wrongdoings
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Auditors have uncovered VND13.774 trillion (US$706 million) in financial wrongdoings at state organizations in 132 audits in 2010, according to the State Audit Office of Vietnam which also said it would scrutinize Vinashin and EVN this year.
During an audit conference organized Monday in Hanoi, the Office also said it would intensify auditing across sectors and fields at state levels in 2011.
Big state-owned conglomerates to be under microscope include the Vietnam Electricity Group (EVN), Vietnam Shipbuilding Industry Group (Vinashin), and Vietnam National Coal and Minerals Holding Corporation Limited (Vinacomin).
The central auditing agency will focus on financial aspects at Vinashin in order to facilitate the group’s restructuring, auditor-general Vuong Dinh Hue said.
At the other two groups, EVN and Vincomin, it will calculate electricity and coal prices based on which a market-oriented quotation will be set, he added.
State auditors will also check on state budget in 2010 together with state assets at 20 ministries and central agencies, and across 34 cities and provinces, according to Hue.
They will audit reports on 39 projects including the Dung Quat oil refinery No.1 and Thu Thiem Bridge.
Other tasks include inspections at the Ministry of Transportation and Ministry of Health regarding their expenses on road and railway repair work, and the use of ODA sources between 2008 and 2010.
A comprehensive review of the government’s price stabilization fund dedicated to fuel will also be carried out following complaints about its effectiveness.
