German firm Siemens AG has announced the first list of anti-corruptionprojects around the world that will receive financing under its 100million USD integrity initiative to promote clean markets, with oneproject in Vietnam.
The initiative is part of an agreement signed by the World Bank and Siemens last year.
An initial amount of 40 million USD will be distributed to more than 30initiatives in over 20 countries that have been chosen.
About 300 non-profit organisations in 66 countries had applied for funding in the first round.
The selected projects are in Angola, Brazil, China, Egypt, Hungary,India, Indonesia, Italy, Mexico, Nigeria, the Philippines, Russia, theSlovak Republic, South Africa, the Czech Republic, the US, variousMiddle Eastern nations, and Vietnam.
Leonard McCarthy,integrity vice president of the World Bank Group, said: "corruptionsteals from the poor, and it can only be tackled on a joint basis. Theprojects of the Siemens Integrity Initiative will help strengthen thewill to combat corruption world-wide and improve conditions foreveryone."
In Vietnam , the initiative aims at bringingcompanies together to work towards improving integrity and transparencyin the way business is conducted.
Raising awareness, promoting dialogue among stakeholders, and training will be the key activities.
Erdal Elver, president and CEO of Siemens Vietnam, said together withthe Vietnam Chamber of Commerce and Industry (VCCI), his firm willpromote a healthy business environment in Vietnam.
"Morethan ever, integrity and transparency in business must be seen as aprerequisite for the sustainable growth of any civilised society," hesaid.
Nguyen Quang Vinh, general director of the VCCI's Officefor Business Sustainable Development, said: "The initiative forms adynamic partnership between businesses, governments, civil societyorganisations, and international organisations to improve businessstandards that have significant influence on the fight againstcorruption in Vietnam./.
The initiative is part of an agreement signed by the World Bank and Siemens last year.
An initial amount of 40 million USD will be distributed to more than 30initiatives in over 20 countries that have been chosen.
About 300 non-profit organisations in 66 countries had applied for funding in the first round.
The selected projects are in Angola, Brazil, China, Egypt, Hungary,India, Indonesia, Italy, Mexico, Nigeria, the Philippines, Russia, theSlovak Republic, South Africa, the Czech Republic, the US, variousMiddle Eastern nations, and Vietnam.
Leonard McCarthy,integrity vice president of the World Bank Group, said: "corruptionsteals from the poor, and it can only be tackled on a joint basis. Theprojects of the Siemens Integrity Initiative will help strengthen thewill to combat corruption world-wide and improve conditions foreveryone."
In Vietnam , the initiative aims at bringingcompanies together to work towards improving integrity and transparencyin the way business is conducted.
Raising awareness, promoting dialogue among stakeholders, and training will be the key activities.
Erdal Elver, president and CEO of Siemens Vietnam, said together withthe Vietnam Chamber of Commerce and Industry (VCCI), his firm willpromote a healthy business environment in Vietnam.
"Morethan ever, integrity and transparency in business must be seen as aprerequisite for the sustainable growth of any civilised society," hesaid.
Nguyen Quang Vinh, general director of the VCCI's Officefor Business Sustainable Development, said: "The initiative forms adynamic partnership between businesses, governments, civil societyorganisations, and international organisations to improve businessstandards that have significant influence on the fight againstcorruption in Vietnam./.
