The Government Inspectorate didn’t cancel inspection and the government didn’t prevent the agency from investigating the Vietnam Shipbuilding Industry Group (Vinashin), according to the Chief Government Inspector Tran Van Truyen (photo).

 

This was Truyen’s answer to National Assembly deputy from Hung Yen province Vu Quang Hai’s question of why Vinashin was inspected for 11 times but its huge debt (over $4.5 billion) was not discovered earlier.

 

In his dispatch to deputy Hai, Truyen made clear the contents of the 11 inspections at Vinashin from 2006 to 2009.

 

Among the inspections conducted by the Government Inspectorate only one was done at the three national laboratories in which Vinashin invested.

 

There were four specialized inspections implemented by the Ministry of Finance (the management and use of international bonds in 2006 and financial management in 2009), the Ministry of Construction (investment at Can Tho Waterway Transport Company and Saigon Shipbuilding and Maritime Co., Ltd in 2007), the Ministry of Planning and Investment (investment and development plan in 2008).

 

in 2009 The Party conducted an inspection of Vinashin’s implementation of policies and laws on using and managing state capital.

 

There were four independent audits done by KPMG of Vinashin’s financial reports from 2006 to 2009.

 

Truyen said that the Finance Ministry performs annual inspections or unscheduled inspections of the management and use of capital from international bonds.

 

The total number of inspections at Vinashin is 13 if the inspections by the Central Inspection Committee and the Government Inspectorate in 2010 are included.

 

“But each inspection only focused on one or a certain number of questions/aspects,” Truyen said.

 

The Chief Government Inspector also explained why some of? the inspections in 2009 and 2010 were cancelled. In late 2008, the Government Inspectorate added Vinashin to its inspection schedule/agenda for 2009, which was approved by the Prime Minister. However, Vinashin asked for posponing the inspection.

 

“We didn’t agree to postpone the inspection but on April 23 2009 the Government Office issued the PM’s instruction saying that inspections at state-owned groups would be delayed in order to focus all efforts on preventing economic slowdown, ,” Truyen explained.

 

The Government’s inspection of Vinashin was delayed again to not overlap with that of the Central Inspection Committee.

 

It was carried out on July 2010 when Vinashin’s violations were pointed out by the Central Inspection Committee.

 

Truyen said the comprehensive inspection of Vinashin was completed last week and the results were sent to the Prime Minister.

 

Le Nhung