According to the Government Inspectorate (GI), on November 27, the agency announced the Decision to inspect the management of state capital and assets at the Vietnam National Coal and Mineral Industries Group (VINACOMIN).
Deputy Inspector General Dương Quốc Huy chaired the announcement of the inspection decision. Photo: GI
As per the announced decision, the GI will inspect the management of state capital and assets at the enterprise. The inspection period is from January 1, 2020, to December 31, 2024, with the possibility of inspecting related content before and after this period if necessary.
The inspection is scheduled to last 60 days from the date of the decision’s announcement, excluding weekends and public holidays as per legal regulations. The inspection team consists of 24 members, led by Mr. Lê Quốc Đạt, Senior Inspector, Deputy Director of the Inspection Department for Financial and Banking Complaints (Department VI).
Following the announcement, Deputy Inspector General Dương Quốc Huy stated that the inspection is part of the GI’s 2025 Inspection Plan.
As a national energy pillar, VINACOMIN manages a significant volume of state assets. Deputy Inspector General Dương Quốc Huy emphasized that this inspection is a step in fulfilling state management functions, aiming to review and assess the overall picture of capital and asset management at the group.
According to Mr. Dương Quốc Huy, this review will not only evaluate legal compliance but also identify bottlenecks in the management mechanism. This will provide a practical basis for the GI to propose amendments to policies, creating the most favorable conditions for the group to optimize resources and operate efficiently.
The Deputy Inspector General urged the inspection team to perform their duties with professionalism and openness. Team members should adhere closely to the approved decision and plan, evaluating issues thoroughly within the context of current regulations and practical realities.
Particularly, the inspection process must be organized scientifically and efficiently, ensuring no disruption to the normal production and business activities of the group and its member units.
The inspection team will follow the periodic reporting regulations. Members must strictly adhere to the spokesperson regulations and information confidentiality.
Deputy Inspector General Dương Quốc Huy requested the leaders of the Ministry of Finance and VINACOMIN to direct their specialized departments to closely cooperate with the inspection team.
Timely provision of documents, materials, and specific explanations from the units will be crucial for the inspection team to draw accurate, objective conclusions and provide practical recommendations for the group’s development.
Mr. Hồ Công Trung, Deputy Director of the State Enterprise Development Department (Ministry of Finance), affirmed close cooperation with the inspection team during the inspection period.
Mr. Vũ Anh Tuấn, General Director of VINACOMIN, also stated that VINACOMIN’s units will provide the best possible conditions to cooperate with the inspection team in fulfilling their duties.
Breaking News: Vietnam’s Top Billion-Dollar Gold Mining Giant Issues Urgent Alert on Potential Public Status Revocation Amid 5x Stock Surge
With an overwhelmingly concentrated shareholder structure, where state ownership dominates nearly entirely, Vietnam National Coal and Mineral Industries Group (Vinacomin) has announced its intention to file for the revocation of its public company status.
Dong Nai Demands Action Over Tin Nghia Corporation’s Failure to Declare and Pay VND 535 Billion in VAT
On November 18th, the People’s Committee of Dong Nai Province announced plans to implement the conclusions of an inspection report issued by the Government Inspectorate on October 15th, 2025. The report focused on several projects facing challenges within the province, with particular attention given to the Tan Van Islet residential, service, and tourism project (referred to as the Tan Van Islet project) developed by Tin Nghia – A Chau Investment Corporation.
Unveiling the Series of Violations Halting the Timely Completion of the Tràng An and Bái Đính Projects
The Tràng An Ecological Zone has surpassed its implementation deadline since 2023, while the Bái Đính Temple project is set to continue until the end of 2025. However, both projects face significant challenges, including funding shortages, land clearance issues, and planning complications.
Government Inspectorate Exposes Multiple Violations in Four Ninh Binh Projects
The Government Inspectorate has recently unveiled its findings from an audit of several large-scale public investment projects in Ninh Binh, highlighting numerous shortcomings and violations throughout the project planning, approval, and implementation phases.
Government Inspectorate Urges Recovery of Over $1 Billion for State Budget Following Audits
According to data from the Inspection Monitoring, Urging, and Post-Inspection Handling Department (Department XIV under the Government Inspectorate), from 2018 to September 2025, the Government Inspectorate has urged the implementation of 246 inspection conclusions, recovering 24,418 billion VND for the state budget.
