Mon. Nov 28th, 2022

The fourth conference on cooperation between the National Assemblies of
Vietnam, Laos and Cambodia opened in Phnom Penh, Cambodia on
March 3. It will focus on the legislatures’ supervision role in State
budget.

The Vietnamese delegation was headed by Bui
Dang Dung, Deputy Head of the NA Finance and Budget Committee. Other
members of the delegation included Deputy Auditor General Hoang Hong
Lac, Standing Deputy Finance Minister Nguyen Cong Nghiep and Vietnamese
Ambassador to Cambodia Ngo Anh Dung.

Addressing the
opening ceremony, Cambodian NA Chairman Heng Samrin, who is also chair
of the conference, stressed the supervisory role of parliaments in
financial and State budget management during national construction and
development.

The four-day event is an opportunity
for the three sides to exchange views on the issue and share experience
in State budget management, focusing on the coordination between the
legislative bodies in State budget supervision, and other issues.

Participants will discuss building a closer cooperation mechanism
between the NAs’ relevant committees in strengthening financial and
State budget supervision activities to serve each country’s development
demand.

The conference also focuses on the
coordination between NA committees and Government offices to ensure
sources of finance, budgets and assistant funds are used for proper
purposes and in transparent manner to reduce poverty, eliminate hunger
and implement the socio-economic development tasks of each country.

The event’s results are expected to contribute to
building legal policies, reforming the policy system and increasing the
efficiency of State budget management to meet the demand of
macro-economic stabilisation, and serve socio-economic development and
international economic integration of Vietnam, Laos and Cambodia in the
new situation.-VNA

By vivian