CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Social Affairs
Vietnam state groups commit considerable violations
Tuan Minh 16:46, 2018/05/15
State corporations and groups have been found to have committed violations worth nearly 350 trillion VND (US$15.4 billion) in State capital usage and management during the 2011-2016 period, according to the Government Inspectorate.
The figure was counted following 19 inspections carried out by the Government Inspectorate during the period.
 
Illustration photo
Illustration photo
Most violations found at State businesses and corporations related to investment procedures, the purchasing of public assets, and weak management capacity that led to other violations in economic management and regulations.
Limitations in inspection and supervision tasks of relevant ministries and agencies are also blamed for the wrongdoings in State capital management at these businesses, according to the Government Inspectorate’s report.
The Government Inspectorate proposed to take nearly 1 trillion VND (44 million USD) from the money in violations for the State budget, and proposed other relevant agencies handle the remaining money.  
The Inspectorate also proposed administrative punishments on individuals and teams for violations and suggested relevant ministries and agencies follow regulations and policies to deal with shortcomings in management tasks.
A special State capital management committee was formed by the Government in early February this year which has taken charge of supervising State capital in 21 State-owned enterprises.
The committee is expected to help the Government to efficiently manage and supervise State capital and assets at enterprises as well as implement restructuring and State capital divestments. It also aims to boost the efficiency of State-owned enterprises.
Comments
Other news
18:38, 2025/01/30
Urenco strives for a cleaner environment in Hanoi
Innovation in garbage collection vehicles is an important step in ensuring environmental sanitation, contributing to building a civilized, clean and beautiful urban area in a sustainable direction.
09:55, 2025/01/26
Hanoi promotes urban decorations for Tet
The "Bright - Green - Clean - Beautiful" movement demonstrates Hanoi's unwavering commitment to sustainable development and environmental protection.
22:21, 2025/01/15
Hanoi to increase supply of essential goods by 30%-35% for Tet
Authorities in Hanoi planned to prevent price hikes during the national holiday by stocking up on goods and ensuring food supplies.
22:39, 2025/01/01
Hanoi works to ensure merry Tet
The move aims to make the best preparations for the traditional Tet celebrations.
17:37, 2024/12/30
Channel needed to expand Hanoi's OCOP products: Experts
Hanoi has devised a plan to boost the sale of OCOP products by creating OCOP venues associated with rural tourism and craft village visits in the city.
21:24, 2024/12/28
Rising Like Bamboo: Vietnamese Identity on the Global Stage
The Vietnam International Awards 2024 brings together outstanding individuals, compassionate hearts, and promising young talents, all united by a common goal: to connect and spread the positive values of the Vietnamese community worldwide.