National Assembly Chairwoman Nguyen Thi Kim Ngan (standing) agrees with the proposal of upgrading the audit profession training school into the audit academy. (Photo: VNA)
Hanoi (VNA) – Lawmakers agreed to promulgate a strategy for the development of State Audit from 2021 to 2030 at the 47th session of the National Assembly (NA) Standing Committee, which wrapped up in Hanoi on August 12.
Closing the session, NA Chairwoman Nguyen Thi Kim Ngan said after three days of working, the committee completed the working agenda as scheduled.
State Auditor General Ho Duc Phoc highlighted the agency’s mission of making contributions to the development of a stable, sustainable and transparent national financial system, improving the efficiency of utilising national resources, and preventing corruption and wastefulness.
NA Chairwoman Ngan agreed with the proposal of upgrading the audit profession training school into the audit academy. However, this must be carried out as regulated and receive support from relevant agencies such as the Ministry of Education and Training.
The same day, the NA Standing Committee gave opinions on a report on the three-year implementation of Resolution 42/2017/QH14 piloting the handling of bad debt of credit institutions.
The State Audit Office of Vietnam (SAV) hosted the Asian Organisation of Supreme Audit Institutions (ASOSAI) in 2018. The hosting of the event shows ASOSAI community’s high valuation of the SAV, while contributing to enhancing the prestige of Vietnam’s external activities, including those of the National Assembly.
Earlier, SAV Auditor General of Ho Duc Phoc has signed a decision on the framework programme for implementing the SAV’s role as Chair of the ASOSAI for the 2018-2021 term.
According to the SAV, the objective of the programme is to well perform the SAV’s role and responsibility as the ASOSAI Chair for the 2018-2021 period, in particular demonstrating its leadership role in promoting the ASOSAI’s development, upholding the strengths of ASOSAI member Supreme Audit Institutions (SAIs), and mobilising resources to strengthen the public auditing capability to successfully realise the goals and commitments of the Hanoi Declaration of the 14th ASOSAI Assembly.
The achievement of this will elevate the position and influence of ASOSAI as a model organisation in the region and the world.
Under the programme, the SAV has worked to further enhance its role, position, and performance within ASOSAI at regional and global forums and improve its professional and institutional capacities in accordance with international practice, contributing to implementing the policies and guidelines of the Party and State on international integration.
As the Chair of ASOSAI for the 2018-2021 term, the SAV has been responsible for presiding over the ASOSAI Assembly; the 54th, 55th, and 56th meetings of the Governing Board of ASOSAI; and the first plenary of the 15th ASOSAI Assembly in Thailand in 2021.
It will also direct the implementation of decisions of the Governing Board, coordinate the ASOSAI’s activities and report to the Governing Board, and represent the ASOSAI while working with national and international organisations.
Auditor General Phoc assigned SAV units to coordinate, encourage, and supervise the implementation of the programme.
The SAV became a member of the International Organisation of Supreme Audit Institutions (INTOSAI) in 1996, and joined the ASOSAI in 1997.
Established in 1979 with 11 members, ASOSAI now has 46 members. The ASOSAI Assembly is held every three years to exchange views on careful and responsible monitoring of public fund spending. The ASOSAI has been playing a great role in enhancing the capability of member supreme audit institutions in particular and the development of each nation and the improvement of the region in general.
Being an active and responsible members of multilateral mechanisms, Vietnam has made effective contributions to and hosted numerous important international events, including the 132nd Assembly of the Inter-Parliamentary Union (IPU–132) in 2015, APEC Vietnam 2017, the 26th Annual Meeting of the Asia-Pacific Parliamentary Forum (APPF-26) and the latest World Economic Forum on ASEAN in 2018./.
