State Auditor General of Vietnam Ho Duc Phoc, Chairman of the Asian Organisation of Supreme Audit Institutions (ASOSAI) for the 2018-2021 tenure, chaired the 54th ASOSAI Governing Board Meeting in Kuwait City from July 21-24.

State Auditor General of Vietnam Ho Duc Phoc meets Crown Prince
of Kuwait Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah (Photo: VNA)

The event attracted over 100 delegates from audit institutions of Vietnam, China, Japan, the Republic of Korea, India, Bangladesh, Kuwait, Indonesia, Malaysia, Nepal, Russia and Thailand, among others. 

Speaking at the event, acting President of the State Audit Bureau of Kuwait Adel Al-Sarawi spoke highly of the State Audit Office of Vietnam (SAV) and State Auditor General Phoc’s contributions to promoting linkage among ASOSAI members. 

On the occasion, a memorandum of understanding on cooperation between ASOSAI and the Arab Organisation of Supreme Audit Institutions (ARABOSAI) was signed in order to further enhance inter-regional cooperation in public audit. 

The ASOSAI Governing Board also adopted proposal by the Vietnamese side to implement the Hanoi Declaration, including stepping up knowledge sharing and capacity building for audit of environment issues and fulfillment of sustainable development goals. 

In an interview granted to Vietnam News Agency on the sidelines of the meeting, Phoc said the SAV will play a guiding role in improving the capacity of 47 member SAIs, contributing to the sustainable development of the country and the world. 

Within the framework of the meeting, a delegation of ASOSAI leaders led by Phoc met Crown Prince of Kuwait Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. 

The Crown Prince highly valued SAIs’ efforts in ensuring the effective operations of public investment funds. 

He hoped that the success of the meeting along with recommendations will help improve the capacity of financial resources management, support economic reform and fuel comprehensive development.