State Audit should boost int’l cooperation to strengthen capacity: PM
Prime Minister Nguyen Xuan Phuc has asked the State Audit Office of Vietnam (SAV) to enhance international cooperation to learn from other countries, helping improve its capacity.
Prime Minister Nguyen Xuan Phuc speaks at a meeting with SAV staff on February 2 (Photo:VNA)
Hanoi (VNA) –Prime Minister Nguyen Xuan Phuc has asked the State Audit Office of Vietnam(SAV) to enhance international cooperation to learn from other countries,helping improve its capacity.
Meeting with SAV staff in Hanoi on February 2,he said the Government hopes the agency will become an effective tool of theParty and State in financial and public asset management.
Highlighting successful auditing activities,especially the recovery of more than 115 trillion VND (5.08 billion USD) forthe State budget, he said the SAV’s activities have won increasing support fromthe Party, State and people.
The SAV has also found loopholes in statemanagement through its activities, which helps the Government addressshortcomings, he noted.
PM Phuc said he wants the SAV to become anincorruptible, facilitating and action-oriented part of the Government.
As the SAV prevents the misuse of power infinancial and state asset management, it should reinforce its apparatus, enhanceits capacity and professional etiquette.
The leader asked the SAV to be proactive indevelopment while pressing ahead with policy research to give suggestions tothe Government and other agencies.
It is also critical to step up administrativereform and cut down auditing time to better serve people and businesses, headded.
At the meeting, SAV Auditor General Ho Duc Phocreported auditing has helped fine-tune regulations, policies and laws, contributingto the fight against corruption and wastefulness.
The SAV has proposed penalties for hundreds ofviolating collectives and persons, transferred many cases to investigationagencies and provided documents for authorised bodies to carry out examination,supervision and legal proceedings.
The SAV succeeded in auditing the restructuringand assessment of the value of State-owned enterprises, helping protect theState’s benefits before equitising these firms, Phoc noted.-VNA
The State Audit Office has announced the official figure of the 2014 public debt at more than 2.28 quadrillion VND (102.7 billion USD), yet hinting that it might have reached higher than that.
State Auditor General Ho Duc Phoc has taken part in various events and held a series of sideline meetings in the framework of the International Organization of Supreme Audit Institution congress.
Deputy Prime Minister Vuong Dinh Hue has asked the State Audit to focus more on the management and arrangement of human resources during the restructuring of State-owned enterprises (SOE).
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.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Prime Minister Nguyen Xuan Phuc speaks at a meeting with SAV staff on February 2 (Photo:VNA) 
