Businesses advised to increase transparency to prevent corruption
Compliance with international standards, including those on transparency, has become more urgent for Vietnamese enterprises when they are expanding operation at the global scale, according to Executive Director of Towards Transparency (TI) Nguyen Thi Kieu Vien.
Hanoi (VNA) – Compliance withinternational standards, including those on transparency, has become moreurgent for Vietnamese enterprises when they are expanding operation at theglobal scale, according to Executive Director of Towards Transparency (TI)Nguyen Thi Kieu Vien.
Speaking at a ceremony in Hanoi on April 26 toannounce the report Transparency in Corporate Reporting: Assessing the 30 largestcompanies in Vietnam (TRAC Vietnam 2017), she said when companies are committedto transparency, their accountability will improved, thus creating positiveimpacts on their staff.
The internal anti-corruption programme is one ofthe best protection measures for businesses when facing corruptive and legalrisks, she said.
According to the TI report, only seven out ofthe 30 companies make public commitments to abiding by legal regulations,including the Law on Corruption Prevention and Combat.
Just four among the 30 businesses announcedtheir leaders’ commitments to support anti-corruption efforts.
Vietnam was ranked 113th out of the 176countries in the TI Corruption Perceptions Index (CPI) in 2016.
At the same time, the TI said a number ofVietnamese businesses gained good points in the transparency of businessstructure and ownership ratio, with two getting the maximum scores.
This shows Vietnamese businesses are capable ofmeeting international standards on transparency, Vien said.-VNA
Domestic and foreign investors are still keen on the Vietnamese market and have positive outlook about the country’s economy, according to a survey conducted by Grant Thornton Vietnam.
The draft Resolution of the Government on tasks and measures to implement socio-economic development plan in 2017 will focus on stronger economic restructuring and sustainable growth, said Deputy Prime Minister Vuong Dinh Hue.
Permanent members of the Central Steering Committee for Anti-Corruption convened a meeting in Hanoi on April 17 under the chair of Party General Secretary Nguyen Phu Trong, who is also head of the committee.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
At the workshop (Photo:VNA)
