60 per cent of Vietnamese Enterprises Asked for Bribe: Ernst & Young
More than 60 per cent of businesses were asked for a bribe and 80 per cent were discovered to be involved in corruption between 2007 and 2008, a survey made by Ernst & Young Corp. and the Vietnam Chamber of Commerce and Industry (VCCI) shows.
The survey results, released at a recent workshop co-organized by the Vietnam Government Inspectorate and the Australian Government, also indicated 48 per cent of Vietnamese enterprises lost contracts or missed business opportunities because of refusing to pay bribes.
Peter Brew Director for the Asia-Pacific region in International Business Leaders Forum said Vietnamese enterprises still take a passive stance towards corruption.
Michael Ahrens, managing director of Transparent International Australia suggested that the Vietnamese should build and follow a code of conduct on business and the principles of anti-corruption to ensure fairness, honesty and transparency in their operations.
In the first half of this year, Vietnamese police discovered 6,318 corruption and economic crimes, with an estimated loss of VND920 billion (US$54.44 million) from businesses and state budgets.
Late last month, Communist Vietnam officially ratified the UN Convention on Anti-Corruption. (Vietnamnet)
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