Report notes flaws in management of State capital

In a report submitted to the ongoing National Assembly (NA) session, State Audit of Vietnam identified a series of violations in the management and use of State capital at 17 groups and corporations. Audited enterprises are profitable, the report noted, but their management and use of capital and assets exhibit many loopholes and are not in accordance with State regulations. The management and collection of debts at many enterprises are also poor. Some enterprises have invested in real estate and completed construction but been slow to sell their property products, reducing the efficiency of capital use.