Many businesses "overdue" submit financial supervision report

Sabeco is one of the enterprises submitting reports late. Source: Internet

Accordingly, the Ministry of Finance publicized a list of 10 representatives of State enterprises which hold over 50% of the shares which have not submitted or submitted late reports of financial supervision to the Ministry of Finance in 2015.

In particular: Hanoi Beer –Alcohol - Beverage Joint Stock Corporation (Habeco), the Saigon Beer –Alcohol - Beverage Joint Stock Corporation (Sabeco), Vietnam Plastics Corporation; Civil Engineering Construction Coporation No.8; Song Hong Joint Stock Corporation; Vietnam Water and Environment; LICOGI Corporation, Consultancy Company Limited of University of Civil Engineering ; Consultancy Company and Deployment Technology and Construction Mining and Geology (CODECO); Consultancy Company Technology Deployment and Build Traffic.

Moreover, the Ministry of Finance also announced 11 State-owned enterprises have not submitted or not submitted on time reports reviewing the financial situation, the report of enterprises classification 2015.

In particular, the Building Material & Trading Construction Limited Company BMC (Ministry of Industry and Trade) and Sport Publishing House Limited Company (Ministry of Culture, Sports and Tourism) have not submitted their reports.

There are 9 enterprises with overdue submissions: XUNHASABA Limited Company, DSF Limited Company, World Publishing House Limited Company, Ethnic Minorities’ Culture Publishing House Limited Company (Ministry of culture, Sports and Tourism); NEAD CO .,LTD, Hoalac Hi-tech Park Development Company Limited (Ministry of Science and Technology); Medical Publishing House Limited Company, Limited Company for Vaccine and Biological Production No.1 and Dalat Pasteur Vaccines Company Limited (Ministry of Health).

Earlier, the Government Office issued a dispatch from government leaders to all level of ministries, ministerial-level agencies, Government agencies, People's Committees of provinces and cities take seriously the default of reporting financial supervision in the first 6 months of 2016.

As reported by the Ministry of Finance, till 31^st December 2016, there was 31 agencies which have not submitted the statement of financial supervision to the Ministry of Finance (including 9 ministries, ministerial-level agencies, government agencies and 22 of 63 localities).

Facing this situation, the leaders of the Government requested ministries and localities to send reports to the Ministry of Finance in accordance with the regulations; financial supervision, performance evaluation and disclosure of financial information by State-owned enterprises, State-owned enterprises and the legal documents related to synthesis, to report to the Government and the Prime Minister in February 2017.

Also asking agencies on the revision and handling the responsibility for the management of enterprises, the representatives of State capital in enterprises do not submit or not submit completely, and overdue submission of reports. Then report to Prime Minister before 28^th February 2017.