Government Inspectorate detected series of violations in ACV - News Summed Up

Government Inspectorate detected series of violations in ACV


Government Inspectorate detected series of violations in ACVThe Government Inspectorate has just announced finding several violations related to asset and capital usage and management, equitisation, and divestment at Airports Corporation of Vietnam (ACV). Violations on land managementAccording to the conclusion of the Government Inspectorate, during 2012-2015, ACV used the wrong capital source to invest in the construction of the new $13.1-million E6 runway project at Danang International Airport. Thereby, ACV has to pay additional corporate income tax of VND62.674 billion ($2.76 million). The Government Inspectorate has also detected that ACV and some airport branches leased 2.931 hectares of land and contributed capital for the wrong purposes. Losses of VND3.652 trillionThe conclusions of the Government Inspectorate also outlined some of ACV’s violations in equitisation and the divestment of VND903 billion ($40 million).


Source: VietNamNet News January 12, 2018 07:52 UTC


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