Development strategy for State Audit Office to 2030

The National Assembly’s Standing Committee has issued a resolution on the development strategy for the State Audit Office of Vietnam (SAV) in the period from 2021 to 2030.
Development strategy for State Audit Office to 2030 ảnh 1Illustrative image (Photo: Internet)
Hanoi (VNA) – The National Assembly’s Standing Committee has issued aresolution on the development strategy for the State Audit Office of Vietnam(SAV) in the period from 2021 to 2030.

Theresolution highlights the viewpoint that the SAV, as an agency set up by theNational Assembly, will operate independently and in accordance with the law,upholding the core value of Independence – Integrity – Professionalism –Prestige – Quality, contributing to the development of a stable, sustainableand transparent national finance.

Thedevelopment of the SAV should suit the real situation in the country whilemeeting requirements of the international integration process and matchinginternational principles and practices in the field.

Theresolution sets the overall targets of developing the SAV into an effective andimportant tool of the Party and State in inspecting and supervising themanagement and use of public finance and assets; enhancing accountability andtransparency of agencies funded by the State budget, effectively serving theoperation of the National Assembly and Government in performing their functions,and supporting People’s Councils and People’s Committees of localities inperforming management, supervision and decision making work.

TheSAV must enhance its capacity and efficiency in performing auditing activitiesthrough applying information technology, intensifying internationalcooperation, and ensuring transparency and professionalism, thus contributingto raising the State’s capacity in management and governance of finance andpublic assets in service of socio-economic development in the period from 2021to 2030.

Regardingspecific targets, the resolution calls for the building and perfection of thelegal system to concretise the Constitution and laws on State auditing; alongwith the building of a professional, effective and efficient apparatus of theSAV. The number of SAV staff members will be decided by the NA Standing Committeebut not more than 2,700 by 2030.

Agoal set for the 2026-2030 is to conduct regular annual audits of the budgetbalance at ministries, centrally-run agencies, provinces and centrally-runcities. Audits of operations, specialized audits, information technologyaudits, and audits of the environment will be promoted, towards accounting for30 – 40 percent of the total audits each year. Attention will be paid todetecting loopholes in mechanisms, policies and laws with a view to eradicatingthem.
TheSAV will work to shift from conventional auditing procedures to digitalauditing based on big data with the support of Artificial Intelligence in aproactive manner, and improve auditing capacity to meet the requirements of theGovernment’s management administration work, and supervision work of theNational Assembly and People’s Councils.

Regardinginternational cooperation, professional integration will be the key pillar,towards the goal of quickly narrowing the gap in professional capacity betweenthe SAV and counterparts in the region and the world. Multi-lateral cooperationwill be geared raising the SAV’s position in the international communitythrough joining in the implementation and drafting of common auditing standardsand rules. Meanwhile, bilateral cooperation will focus on the sharing ofexperience, technology to enhance the SAV’s capacity. The SAV will organize anumber of coordinated audits, send or receive auditors for training, andconduct cross-assessment with regional and global supreme audit agencies.

TheSAV will work to complete its electronic working environment in the directionof integrating and sharing data, streamlining internal processes, building adatabase based on big-data technology and connected with the national financialand asset supervision system, so as to turn the SAV into a crucial tool inmacro-economic planning and building development policies for the digitaleconomy in Vietnam.

Theresolution assigns the Government to direct relevant ministries and sectors to coordinatewith the SAV and agencies of the National Assembly to implement the SAV’s developmentstrategy. National Assembly agencies are tasked with researching, instructingand coordinating with relevant agencies to perfect legal documents to ensure theirconsistency and uniformity, creating favourable conditions for the SAV to performits functions and tasks in accordance with the Constitution.

Basedon the strategy, the SAV must build a plan for implementation and regularlyreport to the National Assembly Standing Committee on the outcomes ofimplementation and propose adjustments or supplements to the strategy, ifnecessary./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.