Tag: state audit

The election highlights the State Audit Office of Vietnam's growing capacity for global integration and professional expertise in international cooperation.

In its 2023 plan, State Audit of Vietnam (SAV) will concentrate on assessing financial market restructuring, focusing on commercial banks and credit institutions. In the field of construction investment, SAV is expected to conduct 26 audits of investment projects, including key traffic projects such as the East North-South Expressway, Long Thanh International Airport, and coastal roads, among others.

State Audit of Vietnam carried out many audits last year, including those on planning management and construction licensing in urban areas in the 2017-2020 period. According to the results, announced on July 1, there remain many shortcomings in land and construction management in localities, such as loose planning, inefficient management and use of land, and inappropriate conversion of land use purposes.

In a report submitted to the ongoing National Assembly (NA) session, State Audit of Vietnam identified a series of violations in the management and use of State capital at 17 groups and corporations. Audited enterprises are profitable, the report noted, but their management and use of capital and assets exhibit many loopholes and are not in accordance with State regulations. The management and collection of debts at many enterprises are also poor. Some enterprises have invested in real estate and completed construction but been slow to sell their property products, reducing the efficiency of capital use.