According to Le Hoang Quan Deputy Chief of the State Audit of Vietnam, huge financial violations at state-owned groups and corporations have been uncovered.
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| Huge financial violations at state-owned groups and corporations have been uncovered (Illustration photo) |
What forms did these financial violations take? Did they include tax evasion?
There are different issues, including both objective and subjective aspects. Over the past 17 years, despite not being regulated through any legal documents, state and tax agencies have closely cooperated to minimise losses to the state budget.
Many current tax policies no longer match reality, and this requires tax and auditing agencies to further co-operate. Unclear policies and inconsistent and lax management are also problems.
What levels of tax evasion among state-owned enterprises are being discovered via the auditing process?
The rate of violations stands at about 10-15% of the total number of sampled enterprises selected for audit. The rate has decreased annually, but at a slow pace.
How about financial violations by state-owned groups?
Whenever we check and audit any state-owned group or corporation, we detect violations at different levels and due to different causes. We will make public the type and scale of violations in the next two months.
Can you determine the quantity of the financial violations involved at state-owned enterprises to date?
It’s a large number; however specific figures will be announced later, including the audit results of state-owned businesses.
Every year, these audits reveal that state-owned companies still owe a large amount of tax. Closer co-operation between the tax and auditing agencies will lead to an increase in state revenues.