ASOSAI 14 to champion sustainable development

General Auditor Ho Duc Phot has highlighted the hosting of the 14th Assembly of the Asian Organization of Supreme Audit Institutions (ASOSAI 14) as a good opportunity for the State Audit Office of Vietnam (SAV) to learn from experience in boosting constant reforms for the improvement of the auditing quality.
asosai 14 to champion sustainable development

On September 17, the SAV debuted a dedicated press centre for ASOSAI 14 and held a press conference at My Dinh National Convention Hall in Hanoi to introduce the ASOSAI 14 agenda.

In his remarks, the General Auditor stated that in the nearly 21 years since becoming ASOSAI member in 1997, this is the first time the SAV has been empowered by Supreme Audit Institutions (SAIs) to host the important event.

Effectively enhancing its role as a member of the 12 ASOSAI Governing Board and successfully organizing meetings of the ASOSAI Governing Board towards hosting the ASOSAI Assembly in the 2015-2020 period are among the key external affairs of the SAV to realize its development strategy by 2020.

As the host of ASOSAI 14, the SAV will serve as the ASOSIA Chair for three consecutive terms from 2015 to 2024, which demonstrates the high level of trust held by the international community in the SAV and affirms the audit office’s strategic vision for international integration and cooperation by 2020. It is also a great honour and heavy responsibility for the SAV and other SAI members to make further contributions to the development of the organization.

The Auditor General described the event as a significant landmark for the enhancement of the role of the supreme auditing agencies and independent public asset and financial supervision institutions in improving the transparency of finance sectors in each member country. It also provides a chance to uphold the prestige, image and reputation of the SAV as well as Vietnam in the international arena.

With regard to the theme of the 14th ASOSAI Assembly, Mr Phot said the nation’s sustainable development process greatly depends on environmental factors, which are a major obstacle to people’s livelihood, business activities and climate change. With its conception “Vietnam will not exchange its environment for economic benefits at any price", ASOSAI 14 has chosen the theme “Environmental Auditing for Sustainable Development” to give a common voice to the promotion of environmentally friendly sustainable development.

At a time when the fourth industrial revolution is spreading rapidly, as a developing country, Vietnam is drawing huge investment projects. If there are no measures to prevent out-of-date technologies and machines from being imported into the country, Vietnam will become a dumping ground for obsolete tech, seriously affecting people’s quality of life and sustainable development in the future, the Auditor General noted.

asosai 14 to champion sustainable development

The 14th ASOSAI Assembly, set to take place from September 19-22, is expected to attract around 350 representatives from 60 international delegations.

The Chairwoman of the National Assembly, Nguyen Thi Kim Ngan, is scheduled to deliver a speech opening the event, and Party and State leaders will host receptions for the leaders of international delegations.

Under the tentative agenda, the 14th ASOSAI Assembly plans to include the following contents:

- To adopt the Annual Action Plan to implement the ASOSAI Strategic Plan 2016-2021; Capacity Development Plan for 2018-2021;

- To vote to select personnel for ASOSAI’s Board of Directors, Chairman, Secretary General, Audit Committee for the term 2018-2021;

- To organize the 7th Symposium on “Environmental Auditing for Sustainable Development”;

- To approve the Hanoi Declaration.

Established in 1979 with 11 members, ASOSAI now has 46 members. Held very three years, ASOSAI serves as a platform for meetings between the heads of SAIs of member countries.

Source: VOV

Related News

Sustainable Green Development: New Driving Force for the Retail Industry

Sustainable Green Development: New Driving Force for the Retail Industry

VCN - The trend of sustainable development and circular economy opens up opportunities for the retail industry to modernize its business model, green the supply chain and promote the consumption of environmentally friendly products.
Necessary conditions for operating a "natural flavor" business

Necessary conditions for operating a "natural flavor" business

VCN - Businesses following the sustainable development trend have shown high adaptability and resilience to negative changes from the outside. Preparing to enter 2025, "profit-oriented" business will be gradually replaced by "natural flavor" business.
Green credit proportion remains low due to lack of specific evaluation criteria

Green credit proportion remains low due to lack of specific evaluation criteria

VCN - According to the State Bank of Vietnam (SBV), as of the end of September 2024, 50 credit institutions had outstanding green credit balances exceeding VND 665 trillion, accounting for over 4.5% of the total outstanding loans in the economy.
EU partners no longer

EU partners no longer 'lenient', Vietnam must adapt through ESG policies

VCN - Legal and economic experts are calling for Vietnam to revamp its policies to align with stringent sustainable development requirements set by European Union (EU) partners.

Latest News

15th National Assembly concludes ninth extraordinary session

15th National Assembly concludes ninth extraordinary session

NA Chairman Trần Thanh Mẫn highlighted this session as a significant milestone in legislative development, playing a crucial role in streamlining the political system.
Party chief requests priority for sci-tech development, digital transformation

Party chief requests priority for sci-tech development, digital transformation

The Party chief asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements.
Monetary policy is a key factor for economic stability and growth

Monetary policy is a key factor for economic stability and growth

VCN – Vietnam’s economy is forecast to grow by 6.7% in 2025, Standard Chartered Bank reported.
Việt Nam commits to being safe, attractive destination for investors

Việt Nam commits to being safe, attractive destination for investors

The Deputy Prime Minister said from an underdeveloped economy, devastated by war, Việt Nam has risen to become the 33rd largest economy in the world with the size of the economy increasing about 60 times compared to the period before renewal.

More News

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Dũng’s message to Việt Nam’s business community was clear: the private sector must continue to evolve and innovate to maintain its role as a key driver of economic development in the face of new global challenges.
Positive economy growth forecast in 2025, but caution remains

Positive economy growth forecast in 2025, but caution remains

Growth is expected to moderate from 7.5 per cent year-on-year in H1 to 6.1 per cent in H2, driven by increased business activity and sustained foreign investment.
Labour market to see changes in key industries

Labour market to see changes in key industries

It is anticipated that the technology, renewable energy and logistics sectors would continue to expand rapidly in 2025.
Prime Minister warns of possible global trade war, pushes for preparation

Prime Minister warns of possible global trade war, pushes for preparation

The Government leader warns of a possibility of a trade war that may disrupt the global supply chain.
Positive economic indicators recorded in early 2025: Gov

Positive economic indicators recorded in early 2025: Gov't spokesperson

Trade remained smooth, with total import-export turnover estimated at $63.15 billion, down 10.5 per cent from the previous month and 3.5 per cent year-on-year.
General Secretary urges immediate return to work after Tết

General Secretary urges immediate return to work after Tết

Party General Secretary Tô Lâm praised efforts to ensure a well-organised holiday, but stressed the need for authorities and businesses to return to work promptly. He warned against extended celebrations and called for full focus on meeting February and first-quarter deadlines.
Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year

Government holds gathering to celebrate Party’s 95th anniversary, Lunar New Year

PM Phạm Minh Chính expressed his hope for continued support from the Party Central Committee, its Politburo and Secretariat, current and former leaders, the National Asembly, and the Việt Nam Fatherland Front for the Government to fulfil its tasks, creating momentum for the whole country to make development breakthrough and enter the era of the nation’s rise.
Việt Nam’s manufacturing PMI slips into contraction in January

Việt Nam’s manufacturing PMI slips into contraction in January

Business conditions in the Vietnamese manufacturing sector weakened in the first month of 2025 with drops in both output and new orders.
Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise

Party’s 95-year journey: Capitalising on great solidarity in era of nation’s rise

The past 95 years have formed a glorious and pride-worthy period for the Vietnamese people as they have gradually eliminated poverty and backwardness, steadily moving towards a wealthier and happier future.
Read More

Your care

Latest Most read
15th National Assembly concludes ninth extraordinary session

15th National Assembly concludes ninth extraordinary session

NA Chairman Trần Thanh Mẫn highlighted this session as a significant milestone in legislative development, playing a crucial role in streamlining the political system.
Party chief requests priority for sci-tech development, digital transformation

Party chief requests priority for sci-tech development, digital transformation

The Party chief asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements.
Monetary policy is a key factor for economic stability and growth

Monetary policy is a key factor for economic stability and growth

VCN - Standard Chartered's report also forecasts Vietnam's economic growth at 7.5% in the first half of the year and at 6.1% in the second half of the year compared to the same period last year.
Việt Nam commits to being safe, attractive destination for investors

Việt Nam commits to being safe, attractive destination for investors

The Deputy Prime Minister said from an underdeveloped economy, devastated by war, Việt Nam has risen to become the 33rd largest economy in the world with the size of the economy increasing about 60 times compared to the period before renewal.
Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Minister of Planning and Investment outlines six strategies to boost Việt Nam’s private sector

Dũng’s message to Việt Nam’s business community was clear: the private sector must continue to evolve and innovate to maintain its role as a key driver of economic development in the face of new global challenges.
Mobile Version