The Ministry of Finance (MoF) carried out 11,365 inspections in the opening two months of the year and imposed fines totaling nearly VND17.5 trillion ($711 million) on those found to have violated the law.

Of the total, the ministry said some VND4.7 trillion ($196 million) will go to the State budget.

The MoF will continue to focus inspections on sectors and regions at high risk of corruption, waste, and shortcomings, targeting key areas such as provincial budgets, business finances, the financial funds of units of certain ministries, and a number of corporations in Ho Chi Minh City.

Inspections will also be conducted on construction investment capital in some projects, including those using Official Development Assistance (ODA), and in a number of customs and tax agencies, according to the MoF.