State firms told to repay $1.5b

10-Apr-2012 Intellasia | VIR | 7:01 AM Print This Post

Government inspectors have found that 30.7 trillion VND (1.5 billion USD) was “wrongfully spent” by several major State-owned corporations.

During a press conference on April 5, Ngo Van Khanh, the government deputy Chief Inspector, said that from January to March, inspections were carried out at a number of State-owned corporations and institutions. These included Vietnam National Chemical Corporation (Vinachem), PetroVietnam, Viettel Telecom, Song Da Corporation and HCM City National University.

One of the conclusions of the inspectors recommended the return of 3,712 billion VND (1.8 million USD) to State coffers.

In their report to the prime minister, the inspectors also asked that authorised agencies look into the alleged unauthorised spending of 27,000 billion VND (1.3 billion USD).

Complaints by citizens increased during the second half of February and March, although many of the cases had been handled in a fair manner, consistent with regulations by local authorities.

During the inspections management of land use and construction investment in the northern province of Tuyen Quang and southern provinces of Ben Tre and Tien Giang were also scrutinised.

The inspectors have asked local authorities, particularly the chairmen of People’s Committees, to cooperate with investigators and to facilitate the democratic process on a daily basis.

They emphasized the need to handle unsettled complaints, as they have become a hot-button issue in local communities.

 


Category: Business

Print This Post

Comments are closed.