Vietnam Railways financial violations come to lightThe Government Inspectorate has detected a range of financial violations at Vietnam Railways, causing a total loss of VND130 billion (USD6.2 million) to the state budget. Among those, 23 groups went abroad without any clear or appropriate reason.Checking papers from five groups, the Government Inspectorate found that their overseas trips were carried out through tour contracts with Vietnamese travel firms.Up to 24 of 31 projects of VNR have faced the sluggish implementation for many years. The upgrade of Hanoi-Lang Son railway is 10 years behind the schedule, the K1 and K2 tie replacement project has been stagnant for seven years. Meanwhile, the project to upgrade bridges on Hanoi-HCM City railway route is three years behind schedule.The slow place of two projects to modernise railway signal networks has seen costs rise by VND37 billion. dtinews

Source: VietNamNet News September 02, 2016 08:03 UTC