Hanoi (VNS/VNA) - The State Audit of Vietnam (SAV) will audit 25State-owned enterprises and financial organisations in 2019. They include theState Bank of Vietnam, 21 economic groups and corporations and three banks andcredit institutions.

The upcoming audits are outlined in a report on the proposed plan for 2019 thathas just been sent to the National Assembly deputies.

According to the report, SAV will reduce the number of audited enterprisescompared to 2018 to focus on improving the quality and effectiveness of theinspections.

In 2019, SAV will audit 184 subjects, a decrease of 22 compared to 2018, saidGeneral Auditor Ho Duc Phoc.

Regarding State-owned enterprises (SOEs), SAV will appraise the financialstatements of large economic groups and corporations to assess their managementof State assets in 2018.

It will also evaluate the structuring process of SOEs with a focus on financialmanagement, equitisation and divestment.

This will help evaluate the management capacity of these enterprises and ensurethe healthy development of the domestic goods and services market for energyand other essential products.

The Vietnam National Coal and Mineral Industries Group (Vinacomin) and VietnamAirlines Corporation are among the big corporations subject to SAV’s auditsnext year.

In the financial field, SAV’s inspections will focus on activities involvingthe use of State capital and assets of the State Bank of Vietnam to evaluatethe efficiency of monetary management.

The audits will also assess financial market restructuring activities,concentrating on commercial banks and credit institutions to evaluate theownership, bad debt control and improving credit quality.

For the first time, a number of large-scale projects and programmes high on thepress agenda will be selected to carry out independent audits next year. Thiswill ensure efficiency in management and use of public assets.

Some of these programmes are the use of State expenditure for roads andrailways for the 2017-18 period, the Da Nang sustainable development projectand the task of developing medium cities in Phu Ly city, Ha Nam province.

The bad debt handling pilot project under the implementation of Resolution No42/2017/QH14 is also among these targets.

In the construction sector, SAV will conduct 38 audits, including on biginvestment projects such as the Binh Phuoc Ethanol Plant, the Ninh Binh FetiliserPlant, construction of the Hai Phong international gateway port, the urbantransport development project in Hai Phong city and several power plantprojects. – VNS/VNA