The State Audit found an additional 4.1 trillion VND to be collected for the State budget and proposed reducing State spending by more than 2.7 trillion VND after examining the accounts of ministries, agencies, localities and financial institutions in 2008.

In 2008, the State Audit carried out auditing at 20 ministries and central agencies, 35 cities and provinces, 19 construction projects and national target programmes, 23 State-owned corporations and groups, banking and financial institutions, and 29 defence and security units.

The 2008 audit results, announced in Hanoi on July 23, showed that 92.9 percent of 224 enterprises of 16 audited State-owned corporations and groups made a profit and the remaining 7.2 percent faced losses.

Audits at banking and financial institutions, including the Bank for Agriculture and Rural Development, the Bank for Investment and Development, the Bank for Social Policies, the Petroleum Insurance Joint Stock Corporation and Petrolimex Insurance Joint Stock Company, found that revenues and expenses of these entities was not accurately reported./.