Vietnam’s state-owned enterprises (SOEs) could face a nationwide audit of assets beginning on July 1, according to a proposed regulation.
The Ministry of Finance is finalising a draft circular which will guide the implementation of the audit.
The circular will require SOEs to provide an inventory of their entire assets.
Assets subjected to inspection would include property, whether permanent or leased, or provided via donation or assistance.
Construction projects currently undertaken by SOEs will also be audited, including the construction site and related works. If construction has been contracted out, completed construction work that the contractor has handed over to the investor will also be subject to inspection.
Land assets, including all area managed by the SOEs, including allocated, bought and leased land will also be subject to inventory.
Mobile assets, covering stockpiled materials, tools and devices, goods, finished and semi-finished products in stock, tools and devices in use and uncompleted business costs would be also be subject to inspection.
All available cash, gold, jewellery and valuable certificates would also be audited.
Assets in forms of financial investment such stocks, capital contributions to joint ventures, other assets, along with outstanding debts owed and credit may also be listed, along with any debts and equity.
