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The State Audit of Vietnam, or SAV, plans to audit some large corporations this year to ensure efficiency.
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This will come after SAV makes its assessment of national monetary and financial policies, said Vuong Dinh Hue, director of the country’s key auditing agency.
Companies on the list for scrutinisation include the Electricity of Vietnam Group (EVN), the country’s sole power distributor; Vietnam National Coal-Mineral Industries Group (Vinacomin), the country’s largest mine operator; Vinashin Business Group, a troubled shipbuilding giant. The petroleum price stablasation fund will also be looked at, Hue elaborated.
This year, SAV will carry out a total of 151 audits at 34 provincial governments and 20 ministries and central agencies. This is up 15.2% from last year, he noted.
In 2010, the agency found violations that amounted to over VND13.77 trillion (USD688.5 million), after auditing 32 provinces, and 15 ministries and central agencies.
SAV had faced media scrutiny as to why the troubled Vietnam Shipbuilding Industry Group (Vinashin) had not been audited.
Le Minh Khai, deputy head of the agency, said that an audit of Vinashin was planned in 2008 but had to be delayed because of the economic crisis.
