State Audit asked to enhance operational effectiveness
Politburo member and permanent member of the Party Central Committee’s Secretariat Tran Quoc Vuong addresses the working session with the State Audit of Vietnam in Hanoi on July 18
Vuong spoke highly of the SAV’s achievements over recent years, and hailed the authority for its constant operation reforms and application of more international audit standards.
It has strived to improve the effectiveness of State budget collection and expenditure as well as the use of public property, and helped recover a large amount of financial losses to the State budget, he said.
Vuong moved on to note that the SAV is an independent agency which operates under a special mechanism, so its reports must be accurate and effective, contributing to uncovering corruption and wastfulness and building a strong and clean Communist Party.
To provide prompt and valuable reports that contribute to the better use and management of the public property, the official urged the SAV to further enhance the operational effectiveness, develop a team of professional and prudent personnel with work ethic and play a more active role in preventing wastefulness.
Deputy Auditor General Nguyen Quang Thanh reported that the SAV proposed close to 92.5 trillion VND (3.98 billion USD) in fines last year, the highest in the agency’s 25-year history. Additionally, it has prosposed to make amendments to, replace and cancel 160 legal documents; transfered five cases on suspicion of criminal offence to investigators; and provided 146 documents to competent state agencies for investigation, inspection and supervision.
In the first half of this year, the SAV proposed more than 37.5 trillion VND in fines, up 65 percent from a year earlier, helping to add over 19.1 trillion VND to the State budget. It also transfered two cases on suspicion of criminal offence to the police.
Related News
VND14 billion collected from post clearance audit
16:26 | 20/02/2023 Customs
Improve the quality of inspection and examination activities of the State Treasury
21:13 | 13/12/2022 Finance
Overcoming shortcomings and limitations in the final settlement of the state budget in 2020
09:11 | 01/09/2022 Finance
Quang Ninh Customs Department: targeted post-clearance audit
09:46 | 07/08/2022 Customs
Latest News
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
More News
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance
Consider raising the level of penalties to ensure fairness and transparency in the stock market
13:27 | 04/04/2023 Finance
Central bank cuts policy interest rates to spur growth
17:43 | 02/04/2023 Finance
Ensure policies to attract investment when implementing global minimum tax
10:33 | 02/04/2023 Finance
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks
20:30 | 01/04/2023 Finance
Solutions to attract FDI when implementing the global minimum CIT
11:38 | 01/04/2023 Finance
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba
13:43 | 31/03/2023 Finance
Being many "hot" issues at the general meeting of shareholders of banks
09:24 | 30/03/2023 Finance
Bringing the policies on reducing land rent and water surface rent into life
15:41 | 29/03/2023 Finance
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Corporate bonds worth 1.1 billion USD issued in March
13:55 | 06/04/2023 Finance
Tax revenue is estimated at VND 426,922 billion in the first quarter
09:56 | 06/04/2023 Finance
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline
14:47 | 04/04/2023 Finance
Central bank starts huge credit package for social housing projects
14:42 | 04/04/2023 Finance
In Q1, State revenue estimated to rise by 1.3%
13:28 | 04/04/2023 Finance