Poor oversight of management offices led to the state-owned Vietnam Shipbuilding Industry Corporation on the brink of bankruptcy would be reviewed, according to General Government Inspectorate Director Tran Van Truyen.
Truyen told reporters on the sidelines of the ongoing 12th National Assembly session that many wrongdoings had been uncovered but not yet published because the investigation process was incomplete.
He also said it would consider the responsibility of the inspection agencies who had failed to find out Vinashin’s false financial reports.
Vinashin’s outstanding debt stood at about VND90 trillion (US$4.5 billion).
The group’s leaders had kept making up financial reports to the Government since 2005 despite of many inspection and auditing by the both domestic and international agencies.
At that time inspectors discovered Vinashin financial difficulties in funding and the Ministry of Planning detected the group’s investment spreading to out of its core business.
However, there are loopholes that we have inspected, but the unit test fails, then there is no mechanism for revision, check that they have made what inspection conclusions.
However, there are loopholes that we have inspected, but the unit test fails, then there is no mechanism for revision, check that they have made what inspection conclusions.
It also partly due to their false financial reports to fill licks. Vinashin kept making up their profits so we have not detected promptly.
If investigation taken into Vinashin promptly, the consequences will be less serious? Will the government inspectorate take responsibility for the group’s financial scandal?
It is not right if the government inspectorate won’t take responsibility for the case. As I said since 2005 there have been 15 inspections and audits.
In fact the government inspectorate has proposed a comprehensive inspection Vinashin to see here twice because there are many problems.
Unfortunately with the economic crisis the world should the central leadership and the Government have said that should relieve pressure reduction unit inspection to economic difficulties and to avoid duplication, inspection business called thick.
This year, the inspection should only audit or vice versa. It was not loosened, but the mechanism problem.
It was not loosened, but the mechanism problem. In addition, the true mechanism of inspection and supervision is a problem. Many agencies with the provisions he does not do comprehensive, he does make specialized.
Financial inspection should be done only in terms of capital and inspection plan - invest in investment test.
Government inspectors could do in a comprehensive but we can only do one area first signs of violations.
But to say even with a comprehensive inspection at the beginning, detect errors, but leadership is deliberately falsifying Vinashin, including measures such as today, the consequence is unavoidable.
Vinashin conclusion is not done, what about the ministries’ responsibility for the case?
Mechanism subject to inspection to ensure strict observance of the correct conclusion is not. The Prime Minister then concluded but they did not follow the instruction..
They do not strictly observe the inspection conclusion does not do anything. When so many mistakes on prolonged, repeated.
The Government Inspector has considered the responsibility of agencies including the government for Vinashin woes?
When a comprehensive inspection unit, we always consider the responsibility of the superior agency, the agency assigned responsibility for managing their including the inspection agency has not detected or Vinashin, but no measures or proposals.
Review responsibility is to increase accountability and squeeze out the mechanism responsible. Find a purpose not find fault this place and share a little bug, and there a little
If there are signs to the left, the irresponsible Government Inspectorate has proposed for handling the bodies operating under the authority of the Government, such as ministries, the provincial People's Committee.
These are beyond the competence of the Government Inspectorate is responsible reporting.
Inspectors monitor the current density, but not participate in the inspection process from the start control.
It might be participating in the bidding process, implementation of the project, then we can have many opinions. Career change Inspection Law requires local reports, inspection may participate from the start, contributing to prevent.
But to do it, with new projects 5-10 years after detection is very difficult to overcome.
Unfortunately our new mechanism of supervision, not supervising the outside from the inside. From time to time request a report, but they did not report honestly did not do anything about it because we have no verification mechanism.
Upon inspection Vinashin, the Government Inspectorate is not under pressure?
No pressure, no impact. Recently adjust inspection plan is required Government
Despite slow but still a lot of content development. We found many problems to be able to assess both actual and Vinashin management groups and corporations.
Undeclared bankrupt Vinashin
We carried out the restructuring Vinashin scientifically State economy as Vinashin has accepted for bankruptcy, the problem is declared or not declared bankruptcy alone, according to Nguyen Duc Kien - vice chairman of Soc Trang Province People’s Committee.
If declared bankrupt, no one could bear full responsibility for loss of business anymore as well as any other generation.
We carried out the restructuring Vinashin scientifically State economy as Vinashin has accepted for bankruptcy, the problem is declared or not declared bankruptcy alone, according to Nguyen Duc Kien - vice chairman of Soc Trang Province People’s Committee.
If declared bankrupt, no one could bear full responsibility for loss of business anymore as well as any other generation.
But here Vinashin conducted for bankruptcy under a particular form of VN Mean bankruptcy, but employees are not being pushed out, bankruptcy, but Vinashin's debts with banks is guaranteed and the State is responsible to make sure.
In terms of economic theory, the bankruptcy market is creative destruction, breaking the old to create new ones in line with economic law at the time, but now I'm doing. "
In terms of economic theory, the bankruptcy market is creative destruction, breaking the old to create new ones in line with economic law at the time, but now I'm doing. "
In the report the group's capital management in 2009, we proposed to conduct the restructuring of corporations, state companies and construction law and property funds management at state enterprises but the NA has voted not to do.
According to Deputy Huynh Ngoc Dang from Binh Duong Province, there is a special preferential from the Government given to Vinashin. When reading the report of the Government of Vinashin, I'm not satisfied.
In the report, the Government stated three reasons for the collapse is unsatisfied. The leaders did not propose leasing Vinashin CEO, to board chairman and CEO, party secretary . Vinashin, which not only fixes the concurrent consent must be right?
Why appointed chairman to appoint a general manager is always different? In short, what happened Vinashin case, I think, people are still owes more than an apology.
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