Stronger int’l cooperation needed to enhance auditing efficiency
The State Audit Office of Vietnam (SAV) has actively applied international knowledge and experience to better ability of auditors and improve efficiency of its operation in new auditing fields, said Auditor General Ho Duc Phoc.
Hanoi (VNA) - The State Audit Office of Vietnam (SAV) hasactively applied international knowledge and experience to better ability ofauditors and improve efficiency of its operation in new auditing fields, saidAuditor General Ho Duc Phoc.
Speaking at a roundtable conference with development partners jointly held bythe SAV and the World Bank (WB) in Vietnam in Hanoi on June 25, Phoc highlightedthe role played by the SAV in enhancing the accountability and transparency ofthe Government in managing public finance and fighting corruption.
According to the Auditor General, the SAV has received strong support, greatresources and technical assistance from development partners through technical assistanceprojects and ODA capital auditing programmes in Vietnam. Its developmentpartners include the WB, the European Union (EU), the Asian Development Bank(ADB), the Canadian Audit and Accountability Foundation (CAAF).
The SAV is focusing resources to complete the goals of the SAV developmentstrategy until 2020 and orientations for the sector in the time to come, hesaid.
Phoc affirmed the SAV’s commitment and top priority for the above-mentionedactivities to develop it into a modern and professional State audit agency.
The SAV appreciated experience from audit agencies in developed countries aswell as recent support provided by international organisations, he stressed.
Fily Sissoko, Manager, Governance Global Practice for the East Asia Region at theWB, said the conference offers a good chance for the SAV and its partners to discussand seek measures to enhance cooperationin a more practical and effective manner in the future.
The WB has two important priorities related to breakthrough technology andenvironmental auditing, which are in line with Vietnam’s national partnershipstrategy.
Tran Kim Loc, Director of the SAV’s Department of International Cooperation, saidthe sector will give priority to establishing new auditing fields which willfocus on land, natural resources, minerals and environment-related auditing.
It will also pay due attention to promoting the application of high-technologyand information technology in managing and supporting auditing activities.-VNA
Taking the role as the Chair of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for 2018-2021 tenure is a vivid illustration for the growth of the State Audit of Vietnam (SAV), participants said on the sidelines of the 52nd meeting of the ASOSAI Governing Board on September 18.
Auditor General of the State Audit of Vietnam Ho Duc Phoc has highlighted the importance of connectivity to bring added values to supreme audit institutions in an interview recently granted to the media.
The State Audit of Vietnam (SAV) has carried out 222 audits out of total 232, equivalent to 95.7 percent of its yearly plan, recovering nearly 8.4 trillion VND (360.5 million USD) for the State budget in the last nine months.
Auditor General of the State Audit Office of Vietnam (SAV) Ho Duc Phoc has signed a decision on the framework programme for implementing the SAV’s role as Chair of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for the 2018-2021 term.
The State Audit of Vietnam should be allowed to launch audits without having to seek the approval of other agencies when signs of corruption are discovered, said State Auditor General Ho Duc Phoc.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
Illustrative image (Source: VNA) 
