State Audit of Vietnam works to complete 2020 plan

As the Chair of the Asian Organisation of Supreme Audit Institution (ASOSAI) for the 2018-2021 term, the State Audit of Vietnam (SAV) has strived to implement its audit plan for 2020 despite formidable challenges caused by the COVID-19 pandemic.
State Audit of Vietnam works to complete 2020 plan ảnh 1The audit sector makes every effort to carry out its audit plan, making contributions to strengthening the national finance. (Photo: VNA)

Hanoi (VNA) – As the Chair of the Asian Organisation of SupremeAudit Institution (ASOSAI) for the 2018-2021 term, the State Audit of Vietnam (SAV)has strived to implement its audit plan for 2020 despite formidable challengescaused by the COVID-19 pandemic.

As a wide range of the SAV’s activities were hampered by the coronavirusoutbreak, the SAV has to adjust its foreign affairs plan for 2020, includingthe ASOSAI Chair’s activities.

It joined hands with the National Audit Office of China – the Secretary Generalof ASOSAI, and members of the ASOSAI Governing Board to make preparation for theGoverning Board’s online meeting on July 27.

The SAV also sharpened focus on the implementation of commitments under the HanoiDeclaration, which was considered to be among the most notable outcomes of the14th ASOSAI. The move will help it increase prestige and influence at globaland regional forums.

At the 55th Governing Board meeting of the ASOSAI held in the form of ateleconference on July 27, the SAV proposed an audit on water resources in theMekong River basin be conducted by the agency, called “ASOSAI’s cooperativeenvironmental audit in Southeast Asia in the 2020-2021 period”.

A parallel audit on water issues in the river basin was successfully carriedout with the participation of five Supreme Audit Institutions (SAIs) ofThailand, Cambodia, Laos, Myanmar and Vietnam, with technical assistance fromthe German Development Cooperation.

Audit results show that, at the national level, thesystem of policies and laws and compliance with policies and laws on waterresources management in general and water resources management in the MekongRiver basin in particular still bear limitations, leading to the unreasonableexploitation and use of water, absence of planning, and increases in waterpollution.

The success ofthe audit provided valuable lessons on the efficient and sustainable use andmanagement of water resources, especially water resources flowing through theterritories of many countries, for ASOSAI members in general and SAIs inSoutheast Asia in particular, thus reducing negative impacts on the environmentand the social security of residents in relevant areas.

In the first half of 2020, the SAV represented the ASOSAI to attend two onlinetechnical-level meetings on building strategic plan of the InternationalOrganisation of Supreme Audit Institutions (INTOSAI), and gave opinions onorientation of the ASOSAI’s strategies, plans to build strategic plans, andsurvey of SAIs’ information.

The SAV’s initiative to set up a special committee, which is responsible forstudying the establishment of an ASOSAI’s working group to carry outsustainable development goals of the state audits, was said as a pioneerrecommendation in the INTOSAI.

Its documentary film “ASOSAI for sustainable development”, to be screened atthe 15th Assembly of ASOSAI in Thailand next year, received enthusiasticsupport from members of the ASOSAI’s Governing Board. The film aims topopularise and acknowledge ASOSAI’s contributions to promoting and realisingsustainable development goals under the Hanoi Declaration.

The ASOSAI founded in 1979, pursues a common mission likeother working groups of the INTOSAI, that is “Professional supreme auditinstitutions promote good State governance” and with the core values of“Professionalism, Cooperation, Equality, Creativity”.

The ASOSAI’sgoal is to promote mutual understanding and cooperation among member SAIs throughthe exchange of ideas and experience in public auditing, creating favourableconditions for the training of State auditors to improve working quality andefficiency.

The State Audit Office of Vietnam (SAV) became a member of ASOSAI in 1997. Inthe first period of the membership, the SAV mainly sent auditors to attendtraining courses and workshops sponsored by ASOSAI to enhance professionalcapacity. Since 2010, the SAV has undertaken a more active role in professionalactivities of ASOSAI./.
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.