Vietnam’s 2015 budget overspend tops $3.88bn: audit

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Báo Tuổi Trẻ English 5 day(s) ago

The Vietnamese government’s total expenditure in 2015 was nearly US$4 billion more than budget estimates, a state audit has revealed.

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CLMV parliaments share public investment supervising

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

VGP –The parliaments of Cambodia, Laos, Myanmar and Viet Nam (CLMV), have shared experience in monitoring and managing State budget and public investment during a conference in Phnom Penh on March 13.

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Ministry response to cutting toll collection time of many BOT projects

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SaiGon GP English 3 month(s) ago

The Ministry of Transport yesterday officially expressed opinions about the recent state audit inspection concluding that many traffic projects developed under BOT (Build-Operate-Transfer) form must reduce toll collection time by years.

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Vietnam audit finds multiple projects with unnecessarily long toll period

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Báo Tuổi Trẻ English 3 month(s) ago

Multiple road and bridge projects in Vietnam are applying toll-collecting periods that are up to 13 years longer than they should be, the country’s state auditor has said.

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Vietcombank blames outdated technology for unpaid interest

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Báo Đầu Tư English 3 month(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 4 month(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 4 month(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 4 month(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 4 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 5 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 6 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 7 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 7 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 8 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 8 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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