Vietnam reforms laws to fight corruption in business

7/10/17

The Party and the State have exerted great anti-corruption efforts. It has been affirmed through many reforms on legal framework.
Mechanism for corruption-related asset recovery strengthened
There remained shortcomings in the process of corruption-related asset recovery and the number of corruption cases detected and handled remained negligible.
Current regulations on declaration and control of personal assets remained inappropriate and ineffective and lacked a mechanism for handling officials whose additionally acquired personal assets have no clear origin and are untruthfully declared.
To improve effectiveness of the corruption-related asset recovery, participants suggested issuing more specific procedures for recovery, adding measures of freezing bank accounts of corrupt officials as soon as their violations are detected through inspection or audit, and applying more judicial remedies in the handling of corruption cases.
Legal framework on anti-corruption responsibility of businesses in Vietnam
Enterprises, business associations and professional associations play a very important role in anti-corruption work. These entities frequently use public services, and they may influence the “health” of the economy. Over the past few years, enterprises have not only been the “victims” of corruption, power abuse and harassment caused by persons with higher positions and/or power, but also the “cause” of corruption. Many enterprises seek to give bribes to public cadres and civil servants in order to obtain certain business or profit making advantages.
According to the Report on Provincial Competitiveness Index, the number of enterprises that paid unofficial charges increased over the years, from 50% in 2013 up to 64.5% in 2014 and 66% in 2015-2016. Enterprises themselves are also exposed to potential risks of their employees committing corrupt acts, abusing their positions and delegated powers to make personal gains or cause loss of enterprise’s assets.
In order to effectively tackle corruption, it is necessary to have active and proactive participation from all society actors, especially the business community.
In 2009, the Government issued a National Strategy on Anti-corruption till 2020. One of solutions which have been pointed out in this Strategy is: “Promoting the role of businesses and business associations in the fight against corruption through building and practicing a fair and non-corrupt business culture, and coordinating with competent state agencies to prevent and detect corrupt acts of officials.”
The role and responsibilities of businesses in anti-corruption work are specified in Article 87 of the Anti-Corruption Law (amended in 2007 and 2012) (AC Law) and Chapter IV of Decree 47/2007/ND-CP guiding a number of provisions of the AC Law on the role and responsibilities of businesses in anti-corruption work (Decree 47). Accordingly, enterprises, business associations and professional associations bear the following responsibilities:
Communicate and encourage enterprise managing staff and employees, members of business and professional associations to implement the AC Law. In addition, associations are responsible for motivating and encouraging their members to build a fair and non-corrupt business culture, to develop and implement a code of conduct to prevent corruption.
Take measures to prevent and detect corruption;
Encourage denunciation of corrupt acts, report to and coordinate with state authorities in the settlement of cases of potential corruption.
Make recommendations for improvement of the policies and laws against corruption.
Overall, the current regulations mainly focus on responsibilities of enterprises. There is a lack of policies and mechanisms to emphasize the important role of enterprises and encourage them to proactively join in anti-corruption work./.


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All comments [ 5 ]


John Smith 7/10/17 21:40

Corruption-related asset recovery was one of the most important solutions to remedy harmful consequences caused by corrupt acts to the society, need to be stopped!

yobro yobro 7/10/17 21:42

The government has done all things they can to counter corruption, people should cooperate with the authorities in this fight.

LawrenceSamuels 7/10/17 21:44

Viva Vietnam, like Trinh Xuan Thanh, no one could escape!

Voice of people 7/10/17 21:46

Need to strictly punish corrupted officals who violate laws. It's justice and fair for the people.

Red Star 7/10/17 22:55

I believe all corrupt officials will be handled, they have caused serious damages to the national interests.

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