Vietnamese losing trust in corporate leaders

A recent survey shows that 38% of Vietnamese think that leaders of firms are in the top three most corrupted groups.

A recent survey shows that 38% of Vietnamese think that leaders of firms are in the top three most corrupted groups.

The survey was conducted by the Vietnam Chamber of Commerce and Industry (VCCI) and
Centre for Social Governance Research. The results were announced during a conference about fostering a better business environment through collective actions in business integrity in Vietnam on April 12.

Centre director Nguyen Thi Kieu Vien said the firms were both victims and causes for corruption. "The images of business leaders are being tarnished," she said.

  

Centre director Nguyen Thi Kieu Vien

She hoped that collective action in the business sector would create the chance to effectively implement anti-corruption measures among firms and improve their ability to file complaints to government and related agencies.

According to CENSOGOR, corruption is threatening the sustainable development of the economy and may cause severe harm to the society. It discourages transparency in firms, creative start-ups, healthy competitions and market quality.

In addition, it promotes illegal funding, tax evasion, bribery and money laundering.

Firms at the conference were urged to take a strong stand against corruption, obey the laws, and denounce corrupt employees.

Nguyen Quang Vinh, deputy secretary of VCCI, said small and medium-sized firms in Vietnam need to learn how to prevent bribery in order to enter the global market.