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

Theevent 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.

Speakingat the event, acting President of the State Audit Bureau ofKuwait AdelAl-Sarawi spoke highly of the State Audit Office of Vietnam (SAV) and StateAuditor General Phoc’s contributions to promoting linkage among ASOSAI members.

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

TheASOSAI Governing Board also adopted proposal by the Vietnamese side to implementthe Hanoi Declaration, including stepping up knowledge sharing and capacitybuilding for audit of environment issues and fulfillment of sustainabledevelopment goals.

Inan 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 47member SAIs, contributing to the sustainable development of the country and theworld.

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

TheCrown Prince highly valued SAIs’ efforts in ensuring the effective operationsof public investment funds.

Hehoped that the success of the meeting along with recommendations will helpimprove the capacity of financial resources management, support economic reformand fuel comprehensive development.-VNA