Vietcombank blames outdated technology for unpaid interest

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Báo Đầu Tư English 2 week(s) ago

One of Vietnam’s biggest banks in terms of assets blamed the automatic rounding of numbers in its system for VND9.7 billion ($428,500) of wrongly calculated, unpaid interest.

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State Audit urged to protect uprightness

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Báo điện tử CP English 2 week(s) ago 4 related news

VGP – The Government and the PM hope that the State Audit would act to protect the law and uprightness in managing public finance and assets, said PM Nguyen Xuan Phuc.

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State Audit issues 22-year record fines

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Báo Dân Trí English 2 week(s) ago

The State Audit Office of Vietnam has proposed VND35.9trn (USD1.6bn) in fines last year, the highest in 22 years, on local businesses for their violations, according to their report to the prime minister on February 2.

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Hanoi's wastewater treatment plant financial issues audited

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Báo Dân Trí English 2 week(s) ago

The State Audit Office of Vietnam has requested the investor of the Yen So Sewage Treatment Plant to return millions of US dollars after uncovering various violations.

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PM directs disbursement of government bond capital for Ca Pass Tunnel project

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Báo điện tử CP English 1 month(s) ago 4 related news

VGP – The PM has recently issued directions on the disbursement of capital raised via government bond (G-bond) sales for the Ca Pass Tunnel project (including Cu Mong Pass Tunnel and expansion of Hai Van Tunnel).

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NASC opens fifth session

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Báo điện tử CP English 2 month(s) ago 1 related news

VGP – National Assembly Chairwoman Nguyen Thi Kim Ngan presided over the fifth session of the 14th National Assembly Standing Committee (NASC) on December 19 in Ha Noi.

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PM chairs national conference on rearrangement and renovation of businesses

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Báo điện tử CP English 2 month(s) ago

VGP – PM Nguyen Xuan Phuc, together with Politburo member and Permanent member of the Party Central Committee (PCC)’s Secretariat Dinh The Huynh and deputy PMs chaired a national videoconference implementing the rearrangement and renovation of state-owned enterprises during the 2016-2020 period.

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VN, Laos, Cambodia share experience in auditing

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Báo điện tử CP English 3 month(s) ago

VGP – Leaders of the State audit agencies from Viet Nam, Laos and Cambodia gathered at the seventh meeting in Ha Noi on November 8.

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CPA Australia celebrates new members and fellows in Vietnam

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Báo Đầu Tư English 4 month(s) ago

CPA Australia held its annual certificate presentation ceremony for new members and fellows in Vietnam on October 25 in Hanoi and 27 in Ho Chi Minh City.

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Paltry technology investment weakens competitiveness

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Báo Dân Trí English 4 month(s) ago

Former head of the Central Institute for Economic Management (CIEM) Dr. Le Dang Doanh has said Vietnamese businesses are only investing a paltry 0.02% of their total profits in science and technology, stunting their competitiveness.

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Vinafood 2 to be reviewed after posting losses

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Báo Dân Trí English 5 month(s) ago

Deputy Prime Minister Vuong Dinh Hue has ordered the State Audit Office of Vietnam to review enterprise values and deal with financial problems at Vietnam Southern Food Corporation Limited (Vinafood 2) after it reported millions of USD in losses.

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Experts dissect BOT project shortcomings

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Báo Dân Trí English 5 month(s) ago

Experts dissect BOT project shortcomings

Many experts have blamed lax management and lack of regulations for violations related to build, operate and transfer (BOT) projects.

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Local equitisation, divestment fall short of target: MoF

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Báo Dân Trí English 5 month(s) ago

Local equitisation, divestment fall short of target: MoF

The State has received VNĐ5.8 trillion (US$256.5 million) from the divestment of State capital in local enterprises in the first eight months of this year, it was announced by the Department of Corporate Finance under the Ministry of Finance (MoF).

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Vietnam shortens concession period of BOT projects

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Báo Tuổi Trẻ English 6 month(s) ago

Vietnam shortens concession period of BOT projects

The State Audit Office of Vietnam (SAV) has ordered investors of several build-operate-transfer (BOT) developers to shorten their period of charging tolls, following a comprehensive inspection into traffic infrastructure projects across the country.

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Delayed state divestment, listing restrict growth of Sabeco, Habeco

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Báo Đầu Tư English 6 month(s) ago

Delayed state divestment, listing restrict growth of Sabeco, Habeco

Recently uncovered bad management practices at Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco), the two largest beer companies in Vietnam in terms of market share, show that the longer they delay becoming public companies, the more they will lag behind competitors.

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