Vietnam faces major difficulties in recovering corrupt assets

Fighting corruption and recovering assets remain a big challenge for Vietnam, domestic and international experts said at a roundtable on anti-corruption measures in Hanoi on October 28.
Fighting corruption and recovering assets remain a big challenge forVietnam, domestic and international experts said at a roundtable onanti-corruption measures in Hanoi on October 28.

Vietnameseexperts and their peers from embassies and international organisationssaid although there was an increase in the amount of recovered assets,it was still well below expectations.

The Government Inspectoratereported that authorised agencies so far this year uncovered 54corruption cases with a total appropriated amount of 68.5 billion VND(more than 3.26 million USD). Approximately 68.5 percent, 46.9 billionVND, was recovered, 18.3 percent more than that of the same period lastyear.

Meanwhile, police at all levels investigated 415 corruptioncases with stolen funds worth over 6.7 trillion VND (over 319 millionUSD). Approximately 22.3 percent of the money, more than 1.5 trillionVND, was recovered and returned to the State budget, a year-on-yearincrease of 14.1 percent.

A number of corruption cases wererecorded in public investment, the management of State-owned capital inenterprises, and the implementation of social welfare policies, theinspectorate stressed.

During the workshop, delegates saidcorruption is now a global challenge regardless of the political system,geographical location, or culture.

Vietnam is a developingcountry, with its market economy under completion and its economicstructure being transformed, while its public administration capacityremains limited. Corruption prevention is therefore a long-term issue inthe country, they said.

Participants urged Vietnam tocontinue perfecting its apparatus and mechanisms to coordinate onrecovering stolen property and conducting asset and income declarations.

Vietnam also needs to improve the capacity of agencies specialisingin corruption prevention and control, and build a monitoring mechanism,they said.

The roundtable was organised by the GovernmentInspectorate, the Ministry of Justice, the UK Embassy and the UKDepartment for International Development. Its outcomes will be reportedat the 13 th Dialogue on Anti-Corruption, which is scheduled forNovember 26 in Hanoi.-VNA

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