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State audit helps cut budget spending by VND 383 billion
The State Audit of Vietnam (SAV) in the first eight months of this year helped increase state budget revenues by VND 231 billion and cut budget spending by VND 383 billion through its performance at state-owned enterprises.
The statistics were released at SAV’s press briefing on SOE audit results which took place in Hanoi on August 27.
SAV Vice Director Le Minh Khai also told the event that all the four audited SOEs, including the Vietnam National Shipping Lines (Vinalines) and the Vietnam Multimedia Corporation (VTC), operated efficiently last year.
All 16 Vinalines subsidiaries made profit last year, with the parent company yielding the highest net profit of VND 200 billion out of its total pre-tax profit of more than VND 1 trillion.
VTC hosted a pre-tax profit of VND 34.6 billion last year and 13 of its 18 affiliates yielding profit. The remaining companies are yet to complete their debt payment and collection.
The Saigon Real Estate Corporation yielded a total pre-tax profit of VND 373.4 billion, with all the 13 member companies making profit. During the year, its sales increased by VND 186.7 billion.
The Khanh Viet Corporation in the central province of Khanh Hoa grossed VND 268 billion in pre-tax profit last year, with all of its seven affiliates having made profit.
However, SAV asked the corporation to take some organisations and individuals to task for their involvement in a poor-quality drought beer production chain.
SAV had by August 22 conducted 83 audits out of the total 135 slated for this year. It had finalised 49 audits and released 35 financial reports.
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