151 stated-owned companies to be audited
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151 enterprises, including the likes of the Electricity of Vietnam Corporation (EVN), will be subjected to government audit, the State Audit Office has said.
At EVN, which has been running huge losses recently, the auditors will focus on input costs, said Vuong Dinh Hue, the audit office’s director.
The Vietnam Shipbuilding Industry Corporation (Vinashin), which is going through restructuring, will also be audited.
Vuong Dinh Hue said last year’s audit showed state-run enterprises in general were not efficient. Even those that enjoyed profits didn’t really make the most of their available resources.
According to Hue, there were also numerous problems in the way government authorities handled tax collection and government bonds.
Hue said his office had requested a total VND460 billion (US$22 million) in fines for those entities found mismanaging government bonds.
Tax refund posed another aching problem. In many localities, tax authorities simply refunded taxes without inspecting.
