The State Bank of Vietnam (SBV) has released an explanation regarding discrepancies in the financial statements (FS) of Hanoi in the 2024 audit report. The differences were primarily due to adjustments of certain items resulting from errors in recording and classifying economic transactions. SBV asserts that confidence in the accuracy of the FS has been restored, and has committed to improving audit and financial oversight processes to prevent future errors. Experts commend SBV’s swift response and measures for financial transparency, which help enhance the credibility of banking and financial activities in Hanoi.
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