The State Audit of Vietnam (SAV) had uncovered VND943 billion worth of financial wrongdoings from the state budget as of August 22 this year, lower as compared to the last year's figure, state media reported on August 28.
SAV had conducted 83 audits out of the total 135 slated for this year and finalized 49 audits and released 35 financial reports during the time, the source said.
The statistics were released at a press briefing on SOE audit results in Hanoi August 27, where the SAV proposed raising state coffers by VND231 billion and reducing state budget spending by VND383 billion through its performance at state-owned enterprises.
SAV also has given the 2007 accounts of state-owned corporations a clean bill of health, even though only four out of 23 entities have provided information.
"The audited corporations' financial health was sound and their business activities were effective," said SAV Deputy General Director Le Minh Khai, naming audited entities as Vietnam National Shipping Lines (Vinalines), Vietnam Multimedia Corporation (VTC), Khanh Viet Corporation and Saigon Real Estate Corp.
All 16 Vinalines subsidiaries made profit last year, with the parent company yielding the highest net profit of VND200 billion out of its total pre-tax profit of more than VND1 trillion.
VTC registered a pre-tax profit of VND34.6 billion last year and 13 of its 18 affiliates yielding profit. The remaining companies are yet to complete their debt payment and collection.
The Saigon Real Estate Corporation yielded a pre-tax profit of VND373.4 billion, with all the 13 member companies making profit. During the year, its sales increased by VND186.7 billion.
The province of Khanh Hoa-based Khanh Viet Corporation posted VND268 billion of pre-tax profit last year, with all of its seven affiliates having profit.
However, SAV asked the corporation to take some organizations and individuals to task for their involvement in a poor-quality drought beer production chain.
Last year, the SAV audited 225 out of 385 member enterprises of 19 State-owned corporations, and 202 enterprises of which had made profit and only 23 had losses. (People's Army, The People)
Vietnamese
