EVN works to reduce losses

Facing capital shortages, Electricity Vietnam (EVN) has asked national coal group Vinacomin and PetroVietnam to invest in power plants, EVN deputy general director Dinh Quang Tri tells Vnexpress.

New corporation replaces Vinashin Group

The Ministry of Transport on October 31 announced the establishment of the Shipbuilding Industry Corporation (SBIC) in a bid to reorganise the Vietnam Shipbuilding Industry Group (Vinashin) and its members.
G-guaranteed bonds issued to help Vinashin Business

G-guaranteed bonds issued to help Vinashin

Vietnam will start listing Government-guaranteed bonds at the Singapore Stock Exchange from October 11 to help the troubled Vietnam Shipbuilding Industry Group (Vinashin) repay its creditors.

Government inspectors set new task

The Government Inspection service will focus on settling the 63 acute and outstanding problems detected by the inspectors during their missions from 2008 to 2012.

Inspectors say 73m USD in State funds misspent

Government inspectors successfully recovered 1.5 trillion VND (73.3 million USD) of wrongfully-spent State funds in the second quarter of this year, and they have asked relevant authorities to review an additional 2 trillion VND (96.5 million USD) in questionable expenditures.

New findings in corruption probe

Deputy Prime Minister Nguyen Xuan Phuc was advised by the Government Inspector General during a working session on Sept. 20 that, after 70,000 inspections in the first eight months of this year, his staff had found illegal acts involving more than 4.5 trillion VND (216 million USD) and 1,972 ha of land.

Over 27 trillion VND misused in 2009: inspectors

Government inspectors uncovered the misuse of more than 27 trillion VND, and wrong usage of over 11,300 sq. m of housing and more than 2,700 ha of land from more than 60,000 inspections they made in 2009.