Vietnam Time

4/13/2017 10:50:24 AM

Firms are both victims and causes for corruption in Vietnam

The director of Centrer for Social Governance Research (CENSOGOR) said that enterprises act as an agent on the corruption chain in Vietnam.

In recent years, Vietnam has demonstrated its determination to improve the business environment through measures such as institutional reform and simplification of administrative procedures. However, these efforts have not been effective because they are limited to the areas of business registration, investment procedures.

Acccoridng to Corruption Perceptions Index (CPI) by Transparency International (TI), in 2016, Vietnam scored 33/100, ranking 113/176 in the global index. This shows that Vietnam has yet to show for a real break-through in perceived level of corruption in the public sector, remaining in the group of countries where corruption is still considered serious.

A recent survey conducted by Vietnam Chamber of Commerce and Industry (VCCI) and CENSOGOR indicates 38% of Vietnamese think that leaders of firms are in the top three most corrupted groups.

The results were announced during a conference about fostering a better business environment through collective actions in business integrity in Vietnam on April 12.

CENSOGOR Director Nguyen Thi Kieu Vien said the firms were both victims and causes for corruption. "The images of business leaders are being tarnished," she said.

CENSOGOR Director Nguyen Thi Kieu Vien

She hoped that collective action in the business sector would create the chance to effectively implement anti-corruption measures among firms and improve their ability to file complaints to government and related agencies.

According to CENSOGOR, corruption is threatening the sustainable development of the economy and may cause severe harm to the society. It discourages transparency in firms, creative start-ups, healthy competitions and market quality.

In addition, it promotes illegal funding, tax evasion, bribery and money laundering.

Firms at the conference were urged to take a strong stand against corruption, obey the laws, and denounce corrupt employees.

Nguyen Quang Vinh, deputy secretary of VCCI, said small and medium-sized firms in Vietnam need to learn how to prevent bribery in order to enter the global market./.

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