Vietnam Airlines, 12 subsidiaries to be audited

Thanh Nien News

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The State Audit has announced it will audit Vietnam Airlines and its 12 subsidiaries.
It said the audit would focus on financial reporting, capital expenditure, management and use of public resources and assets, especially with respect to construction projects and the management of fares.
The auditors will also review a plan to restructure Vietnam Airlines and the efficiency of financial supervision at the carrier and its subsidiaries.
All activities carried out between April 1 and December 31, 2015, will be audited.
Last year Vietnam Airlines reported pre-tax profits of VND1.4 trillion ($62.7 million), 129 percent of its target, on revenues of VND70 trillion (US$3.14 billion).

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