The State Audit Office of Vietnam (SAV) held a workshop in Hanoi on September 22 to discuss measures to boost the effectiveness of public investment disbursement and the role of State audits.
The Finance Ministry has asked for synchronous and drastic measures from the entire political system, ministries, agencies, and localities to step up the disbursement of public investment capital.
Lawmakers agreed to promulgate a strategy for the development of State Audit from 2021 to 2030 at the 47th session of the National Assembly (NA) Standing Committee, which wrapped up in Hanoi on August 12.
The teleconferenced 55th meeting of the Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI), chaired by the State Audit Office of Vietnam (SAV), has ended with success with many important issues handled.
Measures to support members of the Asian Organisation of Supreme Audit Institutions (ASOSAI) in COVID-19 response were discussed aside from specialised issues at the online 55th meeting of the ASOSAI Governing Board on July 27.
The State Audit of Vietnam (SAV) proposed that an audit on water resources in the Mekong River basin be conducted by the agency called "ASOSAI's cooperative environmental audit in Southeast Asia in the 2020-2021 period", at the 55th Governing Board meeting of the Asian Organisation of Supreme Audit Institutions (ASOSAI), which was held in the form of a teleconference on July 27.
The Governing Board of the Asian Organisation of Supreme Audit Institutions (ASOSAI) convened a teleconferenced 55th meeting on July 27 under the chair of the State Audit Office of Vietnam (SAV), which holds the ASOSAI chairmanship for 2018-2021.
In the first half of this year, inspectors in Vietnam found land violations valued at 31.149 trillion VND (1.35 billion USD) and covering 3,432ha after conducting nearly 77,000 inspections, the Government Inspectorate of Vietnam announced on July 22.
Amid complicated developments of the COVID-19 pandemic, the State Audit Office of Vietnam (SAV) has worked effectively in fulfilling its chairmanship of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for 2018 – 2021.
Anti-transfer pricing measures were included in the Law on Tax Administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
The transparency of State budget, especially budget allocation and use, will help the public monitor the use of their tax payments more reasonably and effectively.
After 33 years of attracting foreign direct investment (FDI) into Vietnam, besides the positive aspects, FDI still has negative issues. It is still common for FDI enterprises to declare and report losses for many reasons, but especially the behavior of “transfer pricing” must be mentioned.
The State Audit of Vietnam (SAV), through its regular auditing activities, has discovered many violations of law by foreign-invested enterprises in various fields such as environmental protection, land use, and transfer pricing, said Deputy Auditor General Doan Xuan Tien.
Measures to improve FDI attraction, bolster the competitiveness of Vietnamese enterprises, and make the local investment environment more transparent were discussed at a workshop held by State Audit of Vietnam (SAV) in Hanoi on June 9.
National Assembly (NA) deputies passed a resolution on the legislature’s supervision programme for 2021 at the afternoon sitting of the ongoing ninth session in Hanoi on June 9.
The value of the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, has been determined at 46.1 trillion VND (2 billion USD) as of January 1, 2019, of which the real value of State capital is more than 26.6 trillion VND.
State Auditor General Ho Duc Phoc has requested to suspend the implementation of approved audit plans due to the complicated developments of the COVID-19.
If BOT and BT projects are not audited over time, a huge amount of money will be lost. This problem will increase the costs people have to pay. Also, businesses and the State budget will lose tons of money.
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