Public confidence in Vietnam's fight against corruption has improved for a second straight year, according to a new global survey. The Corruption Perceptions Index (CPI), released by Transparency International on Wednesday, ranks Vietnam at 107th out of 180 economies based on perceptions of experts and businesspeople. Vietnam scored 35 on a scale based on 0 for deep-rooted, systemic corruption and 100 for a very clean environment. Last year, it was ranked 113th out of 176 countries and territories with a score 33, an improvement from 31 in 2012. The country’s corruption crackdown intensified last year, with scores of businesspeople and former government officials jailed, a factor that boosted consumer optimism for 2018, according to a Financial Times survey. Vietnam remained in the bottom half of the 2017 CPI, but was one of the few countries that showed signs of improvement. The majority of economies had made no progress in their efforts to end corruption, the … [Read more...] about Vietnam’s corruption ranking improves amid global stagnation: survey
Vietnam corruption ranking
th (7.91 points) last year to 10 th (7.54 points - corruption index increasing from 0 - 10). The Philippines was declared the most corrupt country in Asia. Singapore and Hong Kong remain in the lead while China, Indonesia, Vietnam are climbing on the board: 1- Singapore, 2- Hong Kong, 3- Japan, 4- Macau, 5- Taiwan, 6- Malaysia, 7- China, 8- Korea, 9- India, 10- Vietnam, 11- Indonesia, 12- Thailand, 13- Philipinnes. Source: TT Translated by Hoang Anh … [Read more...] about Vietnam’s position improves in corruption ranking
Mac Thi Hao seems unperturbed by the news coverage of Vietnam’s corruption crackdown blaring from screens all around her. A retired accountant in Hanoi, Hao has a much more pragmatic, no-nonsense stance on what corruption means to her. “I just don’t care about a bigwig being punished,” Hao told VnExpress International. “I know there is an ongoing crackdown on corruption, but that really has nothing to do with me,” she said. “Whenever I think of corruption, I always recall the bribes I had to pay for my children’s school admissions or for better hospital services. To me, that’s the corruption that affects my life the most.” Hao’s account offers a small glimpse into what most Vietnamese people make of corruption and what it means to them. It was revealed against the backdrop of Vietnam’s sweeping corruption crackdown that has grabbed both international and local headlines. Just last Friday in Hanoi, … [Read more...] about In Vietnam, corruption can mean death. But so what?
The Hong Kong and Shanghai Banking Corporation (HSBC) has recently assessed Vietnam's foreign currency rating at BB, or stable level, in its recent report titled "Vietnam: going to the next level." The level is equivalent to the rankings rated by the Standard & Poor's and higher than the BB- level rated by the Fitch and Moody's. HSBC gave the rather good rating on Vietnam, for the first time, based on the country's dynamic economic growth, stable politics and progresses in reform process. According to HSBC's report, Vietnam has attained impressive achievements in the past year. In the last decade, Vietnam's economic growth rate reached 7.2 per cent a year. The poverty rate fell from 51 per cent in 1990 to 8 per cent at present. Vietnam eyes to maintain its high economic growth as a top priority, aiming to raise GDP per capital to $1,000 and bring the country out of the low-income group by 2010. The report believed that Vietnam can obtain the annual economic growth rate of 7.5-8 per … [Read more...] about HSBC Rates Vietnam’s Credit Ranking at BB
Despite progress in some areas in Vietnam's fight against corruption, the overall situation as measured by the Transparency International corruption index has failed to improve, the chief government inspector said. Vietnam's chief government inspector Huynh Phong Tranh Transparency International reported Vietnam's 2014 Corruption Perceptions Index was 31 points out of 100, ranking it 119th out of 175 countries measured. Vietnam's position had remained unchanged since 2012. Chief government inspector Huynh Phong Tranh told a seminar on anti-corruption for better development, held in Hanoi on December 9, that the result "means the situation has not been improved and we need to put in more effort and measures to fix the problem." Deputy Chief Government Inspector Tran Duc Luong said the government was concerned about Vietnam's failure to make greater inroads into corruption. But Luong noted that despite intensified efforts to fight corruption in China, that country fell four points … [Read more...] about Vietnam corruption fight stalls