return icon Vietnamnet.vn

Private firms confused about anti-corruption law

Private businesses have said they were unsure about how to implement the 2018 Law on Anti-Corruption that came into effect on July 1.

{keywords}
Participants at the business forum held yesterday in Hanoi. — Photo courtesy UNDP Vietnam

They had failed to apply a code of conduct to prevent corruption in their businesses, participants said at a forum held yesterday in Hanoi.

“One of the reasons is the law is new,” one representative said.

Corruption in the private sector was on the rise, posing a threat to society and the economy, he said.

Speaking at the forum, deputy inspector general of the Government Inspectorate Tran Ngoc Liem said the expansion of the law’s scope to non-state sectors was necessary.

Catherine Phuong, assistant resident representative of UNDP Vietnam, said the implementation of the law required efforts not only from the Government but also from companies.

“Companies should play an active role in complying with the laws and regulations, and ensuring their business practices promote the values of fairness, inclusiveness, integrity, transparency and accountability,” she said.

Vuong Hoang Hai from the Vietnam International Commercial Joint Stock Bank said Vietnam should strengthen the dissemination of the law to private businesses and build a healthy and sustainable business environment for long-term benefits as well as contributing to sustainable development.

The UNDP has been working closely with Vietnamese partners on anti-corruption for several years.

The forum was also part of a UNDP regional project themed "Promoting a Fair Business Environment in ASEAN", funded by the United Kingdom. This three-year project, which was launched in Bangkok in August 2018, aims to promote a fair business environment in ASEAN by minimising corruption risks and encouraging sustainable practices. It targets six countries in ASEAN. The programme is focused on promoting business integrity and strengthening anti-corruption policies and laws. — VNS

Vietnam collaborates with the world to support start-ups and innovation

Vietnam collaborates with the world to support start-ups and innovation

Việt Nam News talks to representatives of organisations and countries about start-up and innovation collaboration with Vietnam.

UNDP and Da Nang work towards smart, green and inclusive city

UNDP and Da Nang work towards smart, green and inclusive city

United Nations Development Programme (UNDP) resident representative in Vietnam, Caitlin Wiesen applauded Da Nang for its commitment to its growth as a smart, innovative and thriving city.

ASEAN, China, UNDP exchange ideas on poverty reduction

ASEAN, China, UNDP exchange ideas on poverty reduction

The fourth ASEAN-China-United Nations Development Programme (UNDP) Symposium began in Hanoi on Wednesday with discussion focusing on innovation in achieving Sustainable Development Goals (SDGs) and eradicating poverty.

MORE NEWS

Carbon market to help achieve net zero emissions

Greenhouse gas emissions in Vietnam increased rapidly over the past three decades in direct proportion to the economy’s growth.

VIETNAM NEWS HEADLINES SEPTEMBER 29

Buckwheat Flower Festival returns to Ha Giang in November

Vietnam welcomes 1.87 million foreign visitors in nine months

Vietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out.

Close to 123,000 sea turtles released back to sea

The Con Dao National Park in the southern province of Ba Ria-Vung Tau released 122,867 baby turtles into the ocean between January and September.

Vietnamese, Danish friendship blossoms over the years

Many foreigners have enjoyed diverse landscapes, authentic local food, endless love, eternal friendship, and a favourable investment environment in Vietnam.

China imports less glutinous rice from Vietnam

The proportion of glutinous rice in total rice exports to China has fallen from 74 percent to 48 percent.

Vietnamese artists to appear in Norwegian play

Several talented local artists from the Vietnam Youth Theater have been invited to perform in 'Hedda Gabler', a classic play which is considered to be one of the outstanding works of Norwegian writer Henrik Ibsen.

Minor improvements seen in the transparency of provincial budgets

The average ranking of budget transparency for localities in 2021 was 69.53 points out of 100, a rise of just 0.44 points compared to 2020.

Pianist Nguyen Dang Quang returns home for concert of classical music

Piano player Nguyen Dang Quang, son of composer Quoc Trung and renowned artist Thanh Lam, is a fresh and promising presence at the event.

VN central bank acts to tighten the Vietnamese dong liquidity

A recent money market report of Saigon Securities Incorporation (SSI) showed the SBV last week net withdrew a total of VND34.6 trillion through the OMO channel.

Vietnam needs to improve human resources in digital age: World Bank

To reach the goal of becoming a high-income country by 2045, Vietnam needs to quickly improve the quality and quantity of its human resources.

Vietnam’s GDP rises by 13.67% in third quarter: statistics office

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO).

Ministry of Culture demands strict supervision of beauty contests

Culture, Sports, and Tourism Minister Nguyen Van Hung has signed a directive strengthening state supervision of a variety of cultural and artistic activities, including beauty pageants and modelling contests.

VIETNAM BUSINESS NEWS SEPTEMBER 29

Vietnam to become “new Asian tiger”: Italian journal

Vietnam to become the worlds chip production center

In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.
back_to_top