The State Audit of Viet Nam (SAV) has decided to audit the financial reports of Viet Nam National Oil and Gas Group (PetroVietnam).

The audit would take 60 days at the parent group and seven subsidiaries including PetroVietnam Technical Services Corporation (PTSC), PetroVietnam Power  Corporation (PV Power), PetroVietnam Oil Corporation (PVOil), PetroVietnam Drilling and Well Service Corporation (PV Drilling), PetroVietnam Ca Mau Fertiliser Joint Stock Company (PVCFC),  PetroVietnam Transportation Corporation (PV Trans) and Binh Son Refining and Petrochemical Joint Stock Company. The SAV would focus on assets, capital resources, revenue, spending and payments to the State budget.

In addition, it would also audit finance and accounting management works, financial investment, buying of assets, goods and services as well as the restructuring from 2016-20.

The audit delegation will include 35 people led by Le Minh Nam, Deputy State Auditor General. — VNS