The Vietnam Chamber of Commerce and Industry (VCCI) on Jan. 27 launched a 600,000 USD project aimed at building consistency and transparency in business relations in the country.

The three-year project will define prioritised activities, improve enterprises’ awareness of consistency and transparency in business operations and build tools and guidelines for the fight against corruption.

Vice Director of the VCCI’s Office for Business Sustainable Development Nguyen Quang Vinh said the project targets both local and foreign-invested enterprises in the country.

Of the total funding, 300,000 USD will come from the Swedish Embassy and the UK Embassy in Vietnam. In addition, the project will also receive consultancy and technical assistance from the International Business Leaders Forum (IBLF) and Transparency International (TI).

While regarding corruption a threat to Vietnam’s sustainable development, both Swedish and UK Ambassadors Rolf Bergman and Mark Kent pledged to share experiences and join efforts with the domestic business community in combating this negative phenomenon and increasing trade and investment activities in the country./.