Requesting Viet Nam Railway to pay into State budget over 131 billionvnd

The “golden land” at No 80 Ly ThuongKiet

Accordingly, the Ministry of Finance concurred withthe conclusion of the Government Inspectorate, requiring Vietnam Railways to pay into the State budget 131,283.32 millionvnd, including: Adding corporation income tax and the wrong revenues and expenditures of Viet Nam Railway and its subsidiaries of124,161.81 millionvnd; charges for the use of railway infractructure of Thai Nguyen Iron and Steel JSC (2010-2013) of1,185 millionvnd; Thai Ha Railway Management Company wrongly charged 1,153 millionvnd for maintenance costs of Thai Nguyen Iron and Steel JSC; the wrong payments in acceptance of designs, estimations were 3,721.59 millionvnd; the other expenses paid wrongly under package segmentations were 1,061,92 millionvnd.

Earlier, the Government Inspectorate had issued inspection conclusion on the observance of regulation on management and use of capital, and assets in Viet Nam Railway and its members. In the conclusion, the Government Inspectorate sent a petition to the Prime Minister which directedthe Ministry of Finance “to consider to handle the wrongdoing of over 131,283.31 millionvnd.”

According to the Ministry of Finance, the number and contents in the Inspection reportnumber 2222/KL-TTCP of the Government Inspectorate on the observance of regulation on management and use of capital and assets in Viet Nam Railway and its members concluded the faults 2010-2013, did notaffect the time of inspection in 2014 as well as the time of conclusion in 2016, therefore, the Inspection conclusion number 2222/KL-TTCP of the Government Inspectorate will remainunchanged.

Thus, the Ministry of Finance reported the Government Office to submitto the Prime Minister to maintain the conclusion of the Government Inspectorate and require Viet Nam Railway to pay into the State budget of 131.3 billionvnd.

Related to the land use at No 80 Ly ThuongKietStreet and No 22 PhanBoiChauStreet, Ha Noi, of Viet Nam Railway, the Ministry of Finance proposed the Prime Minister to direct the Ministry of Transportation to handle the collective responsibility, as Viet Nam Railway signed a cooperation agreement with Ha Thanh Ltd. to establish a new legal entity named SaiGon Commercial Hotel Company Limited incorrectly completing the directions and regulations of the Ministry of Transportation.

Viet Nam Railway must be responsible to build investment plans to exploit effectively, complying with laws and procedures, and not causing loss in the State budget for infractructureandassets at 80 Ly ThuongKiet and 22 PhanBoiChau, Ha Noi.

If Viet Nam Railway has no need to use or plan to use the land at 80 Ly ThuongKiet and 22 PhanBoiChau and the assets attached lands, the Ministry of Transportation will collaborate with Ha Noi Peoples Committee to report to the Prime Minister to have plans for handling.

Earlier, in Conclusion number 2222/KL-TTCP of the Government Inspectorate, the agency had proposed the Ministry of Finance in coordination with the Ministry of Transportation, Ministry of Natural Resources and Environment, Ha Noi Peoples Committee to review snd planto use the lands at 80 Ly ThuongKiet and 22 PhanBoiChau, Ha Noi, whichwill ensure effective requirements, in compliance with laws, avoiding losing State assets, and report to Prime Minister. Simultaneously, the Government Inspectorate proposed the Ministry of Finance to collaborate with relevant ministries and agencies to urgently supplement amd complete the regulations on capital on State land and its attached assets