On July 10, the government inspectorate announced that the Vietnam Chamber of Commerce and Industry committed wrongdoings when they made bank deposits totaling over VND9.4 billion (USD448,000).

VCCI's headquarter under construction

VCCI had been given an amount of money from the budget to prepare for the APEC Summit 2006. After the summit ended, the excess funds were over VND9.4 billion.

However, instead of reallocating this money to the state budget, VCCI deposited it in order to earn interest. "VCCI violated regulations when they withdrew the interest in 2008, 2009 and 2010 for their own activities," according to inspection results.

There were hundreds of contracts and invoices worth tens of millions of VND that also violated regulations.

In addition, members of VCCI did not fulfill their duties. VCCI did not record the meeting of ASEAN Business and Investment Summit on May 10, 2010.

Also, when VCCI's headquarters is being built, they did not evaluate the plan in advance, and instead they allowed Saturn Company become the project investor and signed contracts with a number of contractors. According to regulation, Saturn Company should only have been allowed to sign the contract as representative of the investor.

The inspectorate suggested the Prime Minister take stricter management measures over VCCI's finances. VCCI was ordered to return to the over VND127 million of wrongfully collected interest and illegal invoices to the state budget.