Commenting on the inspection conclusion of the Vietnam Oil and Gas Group, the Prime Minister requested a review of the group's non-core investments and divestment roadmap, and at the same time review and consider the responsibilities of individuals who committed violations.

Financial violations by economic groups were a topic of special attention at the press conference announcing the results of inspection, complaint and denunciation settlement, and anti-corruption work in the first quarter of 2012 in Hanoi on the morning of April 5.

In the first quarter, the Government Inspectorate issued 11 inspection conclusions, including 4 conclusions related to large corporations including the Vietnam Chemical Group, the Vietnam National Oil and Gas Group, the Military Telecommunications Group, and the Song Da Group. In particular, the Prime Minister concluded the inspection of the Oil and Gas Group and the Song Da Group.

According to the conclusion of the Government Inspectorate on the compliance with the provisions of the law on capital and asset management at PVN up to 2010, this unit used more than 15,600 billion VND of the oil and gas profits left by the host country for financial activities not related to key oil and gas projects, which was incorrect; The Inspectorate requested PVN to recover to the PVN Enterprise Arrangement and Innovation Fund more than 1,900 billion VND from equitization that some units had not yet paid to the Enterprise Support and Arrangement Fund...

Regarding investment outside the industry, by December 2010, the total value of financial investments outside the parent company was more than 114,000 billion VND, including investments in fields such as real estate, insurance, finance, electricity, energy, fertilizer, construction, etc. The Inspectorate pointed out that financial investments in the oil and gas sector, oil and gas exploration and exploitation of PVN had a very high rate of return on investment capital of 28.75%, but in the supporting fields, finance, insurance, banking, real estate, the rate of return was only 2.82%. Some investments outside the industry have not yet made a profit.

This unit also has to adjust the correct source of more than 11.8 billion VND used from the Scientific Research and Training Fund that PVN used to build Dat Mui High School. Report to ask for the Prime Minister's and the Ministry of Finance's opinions on self-financing capital for Soc Trang, Ha Tinh, Quang Binh, Hau Giang provinces with a value of more than 622 billion VND for localities to carry out site clearance work without the Prime Minister's direction, using more than 97 billion VND from the Development Investment Fund for localities to build projects that are not oil and gas projects.

PVN must also direct its member units to review capital investments outside the enterprise, identify loss-making units to have appropriate divestment and restructuring plans to preserve state assets... The Government Inspectorate assessed that in addition to the responsibility of PVN, the Ministry of Industry and Trade, the Ministry of Transport, the provinces of Ca Mau, Thanh Hoa, Quang Ngai, and Dung Quat Management Board were also involved in the above violations.

Deputy Inspector General of the Government Ngo Van Khanh said that the Prime Minister has requested a review of non-core investments and investments in affiliated companies, an assessment of investment efficiency and loss figures; a focus on core industries, and a roadmap for divestment. Regarding individuals and groups involved in shortcomings and violations, the Prime Minister requested a review; a conclusion on responsibility and strict handling of individuals who committed violations.

Responding to press questions regarding the handling of Mr. Dinh La Thang's personal responsibility when he was Chairman of the Board of Members of PVN, Mr. Ngo Van Khanh said that the specific responsibilities of the Group Chairman and the members below (members of the Board of Management, General Directors) are being linked to the review after the Prime Minister commented on the inspection conclusion.

"From specific violations and shortcomings (management and use of capital), we will evaluate the role and responsibility of each individual. It is not yet possible to confirm, but the inspector will determine the responsibility of each individual, in the spirit of the Prime Minister's direction to seriously handle individuals who violate the law," said Mr. Khanh.

The Deputy Inspector General of the Government also said that in the management and use of capital at corporations, there are violations that are only procedural, that is, do not cause loss of assets. "In directing the inspections that I directly do, I really want to individualize personal responsibility, this is something that must be aimed at soon. Hopefully, in the near future we will be able to do this," Mr. Khanh shared.

According to Express