Home Finance

SAV to audit PetroVietnam

Sep 14th at 07:40
14-09-2018 07:40:22+07:00

SAV to audit PetroVietnam

The State Audit of Viet Nam (SAV) has decided to audit the financial reports of Viet Nam National Oil and Gas Group (PetroVietnam).

The audit would take 60 days at the parent group and seven subsidiaries including PetroVietnam Technical Services Corporation (PTSC), PetroVietnam Power Corporation (PV Power), PetroVietnam Oil Corporation (PVOil), PetroVietnam Drilling and Well Service Corporation (PV Drilling), PetroVietnam Ca Mau Fertiliser Joint Stock Company (PVCFC), PetroVietnam Transportation Corporation (PV Trans) and Binh Son Refining and Petrochemical Joint Stock Company. The SAV would focus on assets, capital resources, revenue, spending and payments to the State budget.

In addition, it would also audit finance and accounting management works, financial investment, buying of assets, goods and services as well as the restructuring from 2016-20.

The audit delegation will include 35 people led by Le Minh Nam, Deputy State Auditor General.

bizhub

MOST READ

NEWS SAME CATEGORY

Uber pays off tax debts
FINANCE Sep 11th at 16:47

Uber pays off tax debts

Uber B.V has completed the payment of its remaining tax debts and evasion penalties worth more than VND53 billion (US$2.3 million), five months after the ride...

GTNFoods has to pay $10,323 in tax arrears
FINANCE Sep 11th at 09:53

GTNFoods has to pay $10,323 in tax arrears

GTNFoods JSC, which holds 22 per cent of Tael Partners, an investment fund from Singapore, will have to pay VND233.3 million ($10,323) in tax arrears, fines, and...

Changing the poor’s perceptions on finance
FINANCE Sep 11th at 09:52

Changing the poor’s perceptions on finance

Policy credit programmes have helped change the financial perception among the poor on savings, self-raising funds, and accumulating for the future, elevating...

LienVietPostBank to support Bac Ninh in building e-government
FINANCE Sep 11th at 09:30

LienVietPostBank to support Bac Ninh in building e-government

Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) and the have signed a cooperation agreement in building e-government and smart cities in the province.

Insurers’ total assets reach over $15 billion
FINANCE Sep 11th at 09:00

Insurers’ total assets reach over $15 billion

Total assets of Vietnamese insurance companies in the first eight months of the year surged sharply by 35.16 per cent year-on-year to nearly VND365.52 trillion...

Riding digital payments to the future of transport
FINANCE Sep 10th at 13:56

Riding digital payments to the future of transport

Innovations in digital payments are expected to transform public transport systems around the world, promising a better experience for Vietnamese passengers on any...

Cities must go cashless to go smart
FINANCE Sep 10th at 13:52

Cities must go cashless to go smart

Vietnam is driving its cities towards being smarter and going cashless with the aid of digital payments that will play a key role in the transformation of these...

Banks step up auctions to resolve bad debts
FINANCE Sep 8th at 20:21

Banks step up auctions to resolve bad debts

Banks are putting non-performing loans (NPLs) and collateral of default borrowers on auction in a move to speed up the resolution of bad debts.

How Vietnam will adapt to the fintech revolution
FINANCE Sep 7th at 20:19

How Vietnam will adapt to the fintech revolution

The rapid increase in the number of startups operating in the financial services industry, along with a corresponding increase in investment in this sector, has...

Consumer finance arms race
FINANCE Sep 7th at 19:26

Consumer finance arms race

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top