Improving efficiency of corrupt property recovery

We have made efforts but the results are still not as expected. The proportion of asset recovery in corruption and economic cases is low compared to the total amount of appropriated or lost property.

This results from many causes, but mainly because the amount of distrained assets is much smaller than the recoverable value. For example, in the case of Huỳnh Thị Huyền Như, the amount of money to be executed was up to VNĐ15 trillion but the distrained assets (after being handled) were very modest.

Although the property has been distrained by authorities, the legality of the property is complicated, leading to delays in handling. In order to handle it, we need the involvement of many agencies and departments. The civil judgment enforcement agency alone cannot handle it.

In addition, the co-ordination between agencies in some cases is not good. For example, the transfer of judgments and documents from the proceeding agencies to the civil judgment enforcement agencies is slow in some cases.

Delays in handing over the judgments result in delays in transferring decisions and orders, leading to the delay in the execution of the judgments.

At some agencies, the Party committees and government leaders have not closely supervised the seizure of assets, leading to a delay in asset handling and reducing the process’ efficiency.

There are still some shortcomings in the laws and policies, which is a barrier for the authorities to recover the assets.

Following the Directive of the Party Central Committee Secretariat, there will be many solutions to improve the efficiency of asset recovery in criminal cases related to corruption and economic cases.

We will review and make amendments to the laws on inspection, audit, criminal proceedings, civil judgment enforcement and related legal provisions.

Authorities at all levels must raise awareness about recovering corrupt assets and consider this an important task in the fight against corruption./.