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Vice Prime Minister Tran Hong Ha has signed Directive No. 22/CT-TTg, dated July 23, 2024, on conducting a national land inventory for the year 2024.

On July 9, the Vietnam State Audit Office (VNSA) hosted an international workshop on "The Role of Supreme Audit Institutions in Preventing Corruption, Enhancing Transparency, Integrity, and Good Governance."

"To meet the demands of preventing and combating corruption and waste, it is imperative to empower the State Audit Office with additional regulations and tools. This includes augmenting their authority with financial accountability audits, investigative audits, and the power to prevent the dissipation of assets in cases where they uncover indications of corruption, negative behavior, or waste."

The State Securities Commission has temporarily suspended the qualification of four Deloitte Vietnam auditors from performing audits of public interest entities. Notably, three of these four auditors were also named in the SCB audit report for the years 2018 and 2019.

In 2023, the State Audit Office of Vietnam made significant recommendations for enhancing state budget revenue and reducing expenditures, totaling VND 21,346.33 billion in increased revenue and reduced expenditures, and VND 28,595.09 billion in other recommendations. They also proposed amendments, supplements, or the introduction of new provisions, as well as the repeal of 198 legal documents that were deemed inconsistent with existing laws or impractical.

On July 3, the State Audit Office of Vietnam (SAO) hosted a workshop titled "State Audit Office - 30 Years of Building and Development." This event was part of a series of activities leading up to the 30th anniversary of the establishment of the SAO, which will be commemorated on July 11, 2024.

Four auditors from Deloitte Vietnam, including a deputy general manager, have been suspended from the audit profession.

The Ministry of Finance has issued Decision No. 1138/QD-BTC to initiate a pilot inventory of public assets at ministries, local authorities, and infrastructure assets managed by the State. This decision marks a significant step towards a comprehensive assessment of public assets across Vietnam.

Through its annual audits of public investment projects, the State Audit Office of Vietnam has recommended financial rectifications amounting to tens of thousands of billions of dong. These rectifications include recoveries to be paid into the state budget, reductions in payments, and other necessary adjustments.

The majority of securities companies predict that the market will continue its upward trajectory. Investors are advised to consider taking incremental long positions.