State Audit completes 96% of annual plan
By the end of September, the audit authority completed 150 audits, reviewed 140 draft audit reports and issued 85 auditing reports. (Photo: cbhitech.com.vn)
By the end of September, the audit authority completed 150 audits, reviewed 140 draft audit reports and issued 85 auditing reports.
The preliminary results of 140 audit reports showed that additional collection for the State budget reached nearly VND8.4 trillion, Government spending decreased VND17.56 trillion and VND30.07 trillion was proposed for handling.
For management of official development assistance (ODA) capital during 2015-17, SAV proposed handling VND2.65 trillion. It also pointed out some shortcomings and deficiencies in the management and use of ODA funds.
Concerning VAT tax management in 2017, SAV proposed recovering nearly 97 billion VND for the State coffers and other financial handling worth 1.26 trillion VND involving VAT refund. At the same time, it found wrongdoings in some build-transfer (BT) projects.
According to SAV’s report to National Assembly deputies, only 1 out of 12 BT project in the 2013-17 period invited tenders for construction while the others assigned contractors which reduced the competitiveness of the projects. In addition, misconduct relating to land allocation or prices could have risked wasting State assets.
The total value of three sample BT projects decreased over 60% after the audits, from VND4.42 trillion to VND1.73 trillion.
Inspections of high-tech zones in HCM City also revealed the price of land lease did not abide with the Government’s regulations, including misconduct in land rent exemptions and leasing land at lower prices compared to the city’s ruling.
Particularly, through comparison of tax payments by 2,605 non-State enterprises in 41 localities, the audit authority concluded the increase in the State budget was VND1.77 trillion, with tax debts up by VND3.08 trillion.
SAV expects to complete the remaining audits planned for this year by November 10 and issue audit reports before December 31.
Related News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Revising Law on Prices to remove policy loopholes and create transparency in the state management of prices
10:01 | 05/11/2022 Headlines
State leader hosts ceremony marking 77th National Day
17:13 | 01/09/2022 Headlines
Overcoming shortcomings and limitations in the final settlement of the state budget in 2020
09:11 | 01/09/2022 Finance
Latest News
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
More News
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
Your care
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance