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The new contribution of PhD thesis 

Thesis topic: The role of State Audit in public debt management in Vietnam

Major: Economics management

New contribution regarding the academic and theoretical aspects

The thesis clarified the rationale of the role of state audit in public debt management in Vietnam. (1) Analysis of 3 angles including: legal position angle, function angle, duty angle to see the need of defining the roles of the State Audit in public debt management. Thereby focusing on in-depth analysis of the perspective of the state audit tasks in the management of public debt to see the 3 main roles in the management of state audit of public debt, that is the role of implementing public debt management audits, review and recommendation of public debt management and publishing debt management information. (2) Analyzing criteria for evaluating the role of the State Audit such as handling violations in public debt management result, irregularities detected in the management of public debt and proposing corrective public debt management so that, as a basis for evaluating results of the implementation of the State Audit role in public debt management so far. (3) To clarify the factors affecting the role of the State Audit of public debt management include: the intrinsic elements of the State Audit (the quality of audit activities, human resources, infrastructure) and weak influences from outside (environmental law, environmental economics and social environment).

The new proposal from research results

Based on the evaluation results of the role of State Audit in 3 audits on the management of public debt that the State Audit of Vietnam has made, according to 3 criteria which are: results of handling errors in the management of public debt, violations detected in the management of public debt and proposal of corrective public debt management, the thesis showed the existing problems, indicated specific reasons such as (1) Public Debt Management Law and regulations does not clearly define the roles and responsibilities of State Audit agency in public debt management; (2) derived from the internal weaknesses of the State Audit, there is no separated audit unit on public debt management, processes and audit standards for public debt management has not been developed; (3) functions, tasks and mechanisms of coordination between the public debt management agencies was inefficient, overlapping each other, mechanisms of providing information to the State Audit is inaccurate, incomplete and not timely.

Since then, the thesis proposes a number of measures aimed at creating and enhancing the role of the State Audit of public debt management, such as: (1) Improving the legal position of the SAV in public debt management with the addition of some specific points on the legal position, duties and powers of the State Audit agency in public debt management in the State Audit Law and other relevant legal documents; (2) improving capacity, effectiveness and efficiency of the State Audit, study and build the auditing process of public debt management; (3) Completion of the system and the establishment of the State Audit Department 2A conducting audit of public debt management; recruiting and training following international standards in auditing of public debt management; (4) develop integration and international cooperation with organizations such as INTOSAI, ASOSAI and State Audit Agencies those have good backgrounds and qualifications of audit of public debt management such as the US, Germany, Britain, South Korea, ... gradually internationalize standards and process of audit of public debt management norms. Besides, the thesis also proposes an outline of guidelines for public debt management audit independently and comprehensively.