The above information is stated in the State Audit Report on the 2023 State Budget Finalization.

Among the three projects mentioned, there is the project to build the Ho Chi Minh City Metro Line 2 (Ben Thanh - Tham Luong line) using KfW loan capital under the Small and Medium Enterprise Development Program, signed in 2011. However, on February 24, 2024, the Ho Chi Minh City People's Committee sent a document to the Ministry of Finance requesting not to continue using this loan.

In addition, the Ministry of Finance signed the loan agreement before conducting appraisal and approving the re-lending, which is inconsistent with current regulations for the Project "Building climate change-adaptive infrastructure for ethnic minorities - Binh Dinh province component project" (Project code: 19964100).

"This leads to delays in signing re-lending contracts with localities, affecting disbursement progress," according to the State Audit.

The State Audit also pointed out errors in the capital cancellation procedure for the Vietnam Urban Upgrading and Expansion Project (Loan Agreement 6055-VN, source IDA). Specifically, the cancellation of capital to reallocate to the project or new loan was not accurate, leading to 4,190,020 SDR (international reserve currency issued by the IMF) not being negotiated for reallocation, contrary to the direction of the Deputy Prime Minister .

In addition, the audit agency said that in 2023, the average balance of demand deposits of the Foreign Debt Repayment Accumulation Fund is still large (VND 6,996.3 billion).

"Keeping demand deposits at the State Treasury instead of term deposits at commercial banks is not effective in using the fund," the State Audit Office said.

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State Auditor General Ngo Van Tuan presented the Summary Report on the State Budget Finalization Audit Report for 2023. Photo: QH

Therefore, the State Audit Office recommends that the Government and the Prime Minister direct relevant units to review and clarify responsibilities according to regulations for the following cases: three projects that have signed agreements for many years but have not yet disbursed, resulting in large commitment fees (especially the Ho Chi Minh City Metro Line 2 project); incorrect capital cancellation procedures causing 4,190,020 SDR to not be renegotiated...

This agency also assessed that the tax authority's revenue management work still has many limitations. Revenue management for business households is incomplete and inaccurate; coordination with relevant agencies to revoke business registration certificates for households that have ceased operations for more than 6 months as prescribed; inspections and examinations after tax refunds have not been conducted according to the risk principle within 5 years as prescribed; and delays in resolving value-added tax refunds for taxpayers...

Regarding land management, there are still cases where land users have not yet had a land lease decision or land lease contract; land recovery has been delayed for many years; land rental prices have not been adjusted or have been delayed when the stabilization period ends; one-time land rental payment is not determined in accordance with regulations; land rental exemption is not granted to the right subjects.

In the field of mineral resources, there are still errors in declaring output to calculate resource tax exceeding licensed capacity; incomplete declaration of environmental protection fees and mineral exploitation rights fees.

At the customs agency, the State Audit also discovered a number of cases of declaring value-added tax reduction (2%) that were not in accordance with regulations for a number of goods, as well as the situation of inconsistent application of commodity codes.

Source: https://vietnamnet.vn/ba-du-an-vay-nuoc-ngoai-cham-giai-ngan-bi-mat-phi-cam-ket-135-ty-2401809.html