The State Audit of Vietnam (SAV) March 24 announced its plan for 2009, under which SAV will conduct nearly 120 audits at 28 state-owned corporations, 20 ministries and sectors, and 37 provinces and cities nationwide.
The move is expected to help the National Assembly Standing Committee supervise State capital management and use, General Auditor Vuong Dinh Hue said.
“This year’s audit aims to assess the efficiency of the implementation of the NA’s resolutions to stabilize macro-economy, ensure social security, and sustain growth,” Hue said at the plan announcement meeting.
The SAV started the auditing process with the State Corporation of Investment Capital (SCIC) and the State Bank of Vietnam while Vietnam Airlines, one of the State’s biggest corporations operating in services sector, will be audited in July.
The agency will concentrate on Vietnam Airlines’ spending on the aircrafts and aviation equipment purchases, which had not previously audited, Hue said.
Other state companies include the Vietnam Coffee Corporation (Vinacafe), the Vietnam Chemicals Corporation (Vinachem) and the Vietnam Development Bank (VDB). The audit will focus on problems related to fiscal and monetary polices to curb inflation, especially the Government’s eight groups of measures.
The SAV plan covers 18 key construction projects in infrastructure, electricity and irrigation, including HCM City-Trung Luong expressway and Son Dong-Bac Giang thermo-power plant.
It also includes 37 provinces and cities, such as HCM City, Binh Duong and Hai Phong, which have large budgets.
Last year, the State Audit conducted 135 audits, uncovering VND13,565 billion (US$802.66 million) worth of financial wrongdoings from the state budget.
Of the sum, SAV proposed raising state coffers by VND4,002 billion, reducing state budget spending by VND2,470.8 billion, and settling down other financial wrongdoing of VND7,092.2 billion. (Labor, Vietnam Economic Times)
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