PROFESSIONAL NEWS

On the afternoon of October 15, at the State Audit Office of Vietnam (SAV) headquarters, Nguyen Huu Nghia, Member of the Party Central Committee and Auditor General of Vietnam, met with the Organizing Committee of the international conference “Supreme Audit Institutions in a New Context: Vision, Institutions and Innovation” to review preparations for the event.

On the morning of October 14, under the authorization of the State Auditor General, State Audit Office of Vietnam (SAV) Region III chaired a conference at its headquarters to announce the Audit Decision and launch the audit in Da Nang City and Quang Ngai Province, in coordination with the People’s Committee of Da Nang City and the People’s Committee of Quang Ngai Province.

The auditing team flags factors that could cast doubt on the firm’s ability to continue operating.

On the morning of October 13, a delegation from the Central Steering Committee for Anti-Corruption, Waste Prevention and Combating Negative Practices, led by Nguyen Huu Nghia, Member of the Party Central Committee, State Auditor General and member of the Steering Committee, held a working session with the Standing Board of the Gia Lai Provincial Party Committee to inspect and urge the implementation of measures to prevent and combat corruption, waste and negative practices in the province. The delegation also included Bui Quoc Dung, Alternate Member of the Party Central Committee and Deputy State Auditor General.

The State Audit Office has recommended financial and other adjustments totaling nearly 114 trillion VND after the first nine months of 2026, significantly higher than the results for the entire year of 2025.

On October 12 in Hanoi, the Association of Chartered Certified Accountants (ACCA) held its 2026 New Members Ceremony. Attending and speaking at the event, Dr. Ha Thi My Dung, Deputy State Auditor General of Vietnam, acknowledged ACCA’s contributions to the development of the accounting profession in Vietnam.

Commending the achievements made by the entire State Audit Office of Vietnam (SAV) in recent times, particularly the decisive efforts to reorganize its organizational structure and streamline its apparatus, State Auditor General Nguyễn Hữu Nghĩa called on all units to continue adhering closely to their established work plans to ensure the timely and high-quality completion of tasks, while strictly observing work discipline. He made these remarks while chairing the SAV’s online conference reviewing the performance of the entire sector in the third quarter of 2026 on the morning of October 12.

While acknowledging the city’s efforts in budget management, which helped achieve or exceed key economic targets, the State Audit Office of Vietnam (SAV) identified significant shortcomings in revenue and expenditure management, tax arrears, public investment and the implementation of special policy mechanisms in Ho Chi Minh City. With total financial adjustments recommended exceeding VND 9,404 billion, the SAV called on the city to urgently recover budget resources and resolve outstanding issues involving problematic projects.

Environmental auditing (EA) is playing an increasingly important role in overseeing the management and use of natural resources and public resources allocated to environmental protection. To enable the State Audit Office of Vietnam (SAV) to better meet the requirements of governance and sustainable development, the legal framework for environmental auditing needs to be further refined to ensure consistency and alignment with relevant legislation, while remaining compatible with international practices and commitments.

Although implementation rates have improved significantly, many audit recommendations remain outstanding due to bottlenecks in mechanisms, policies, and accountability for implementation. To ensure that recommendations go beyond reports and are fully implemented, the State Audit Office of Vietnam (SAV) is both tightening discipline and proactively coordinating with local authorities to resolve institutional obstacles and translate audit findings into practical improvements in management.

As Hanoi accelerates investment in and the development of its infrastructure system, the key requirements extend beyond ensuring project progress and disbursement rates. More importantly, they involve controlling risks, improving investment effectiveness, and ensuring that completed projects deliver their intended value. In an interview with the State Audit Review, Tran Huu Bao, Deputy Director of the Hanoi Department of Construction, emphasized that auditing activities should be based on five groups of criteria to comprehensively assess investment effectiveness, thereby identifying and warning of risks and helping prevent violations at an early stage.

The Government has issued Resolution No. 295/NQ-CP approving the Ministry of Finance's proposal on a general mechanism for addressing inspection conclusions and audit recommendations that are no longer feasible to implement. The Resolution provides a basis for handling cases involving bankrupt or dissolved agencies and entities, as well as individuals who have died or lost civil act capacity, and cases of force majeure, thereby helping resolve long-standing “debts” of inspection conclusions and audit recommendations.