State Audit completes 96 percent of annual plan

The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.

Tuesday, October 23, 2018 13:39

State Audit completes 96 percent of annual plan ảnh 1

By the end of September, the audit authority completed 150 audits, reviewed 140 draft audit reports and issued 85 auditing reports. (Photo: cbhitech.com.vn)

Hanoi (VNS/VNA) – The State Audit of Vietnam (SAV) has carried out222 audits out of total 232, equivalent to 95.7 percent of its yearly plan,recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget inthe last nine months.

By the end of September, the audit authority completed 150 audits, reviewed 140draft audit reports and issued 85 auditing reports.

The preliminary results of 140 audit reports showed that additional collectionfor the State budget reached nearly 8.4 trillion VND, Government spending decreased 17.56 trillion VND and 30.07 trillion VND was proposed for handling.

For management of official development assistance (ODA) capital during 2015-17,SAV proposed handling 2.65 trillion VND. It also pointed out some shortcomingsand deficiencies in the management and use of ODA funds.

Concerning VAT tax management in 2017, SAV proposed recovering nearly 97billion VND for the State coffers and other financial handling worth 1.26trillion VND involving VAT refund. At the same time, it found wrongdoings insome build-transfer (BT) projects.

According to SAV’s report to National Assembly deputies, only 1 out of 12 BTproject in the 2013-17 period invited tenders for construction while the othersassigned contractors which reduced the competitiveness of the projects. Inaddition, misconduct relating to land allocation or prices could have riskedwasting State assets.

The total value of three sample BT projects decreased over 60 percent after theaudits, from 4.42 trillion VND to 1.73 trillion VND.

Inspections of high-tech zones in HCM City also revealed the price of landlease did not abide with the Government’s regulations, including misconduct inland rent exemptions and leasing land at lower prices compared to the city’sruling.

Particularly, through comparison of tax payments by 2,605 non-State enterprisesin 41 localities, the audit authority concluded the increase in the Statebudget was 1.77 trillion VND, with tax debts up by 3.08 trillion VND.

SAV expects to complete the remaining audits planned for this year by November10 and issue audit reports before December 31.-VNS/VNA

VNA

#State Audit of Vietnam (SAV) #222 audits #preliminary results #official development assistance #VAT tax management #BT projects #Vietnam News Agency #Vietnamplus

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