During the Vietnam visit by a senior delegation of the British Government, the Department for International Development of the United Kingdom (DFID) coordinated with the Vietnam Chamber of Commerce and Industry (VCCI) and the Vietnam Business Forum (VBF ) to organise a workshop on "Improving Business Competitiveness: Placing Integrity at the Heart of Business". The workshop focuses on promoting integrity in business, which aims to build an open and equitable business environment.
Delivering the opening speech, Vietnamese Deputy Prime Minister Nguyen Xuan Phuc appreciated Vietnam's comprehensive economic development achievements in recent years. However, this growth potentially contains negative factors, including emerging issues like corruption, bribery and lack of integrity which are becoming disturbing issues in business in Vietnam today. He stressed that the very lack of integrity in business has broken economic operating principles, formed negative business habits and caused immediate and long-term consequences: Weakening business competitiveness and making the business environment increasingly unequal.
Facing this reality, the Party and the State of Vietnam have strongly fought against corruption by enacting the Law on Corruption Prevention, establishing the Central Steering Committee on Anti-corruption, and participating in the United Nations Convention against Corruption. Especially, the past two years, the Government has promoted the reform of administrative procedures and focused on areas potentially exposed to corruption. Not only making an effort to build a transparent business and investment environment for business operations, the Government of Vietnam has also consulted suggestions from the business community to shape an open, equal and sustainable business environment. Currently, the tốp objective is to bring Vietnam to the top group of ASEAN countries in terms of ease of doing business.In addition to efforts of the Party and the Government, Deputy Prime Minister Nguyễn Xuân Phúc spoke highly of initiatives of promoting integrity and transparency in business environment contributed by agencies, organisations and enterprises in country, particularly Action Plan for Promoting Integrity in Business, also known as Project 12, initiated by VCCI.
In addition to efforts of the Party and the Government, Deputy Prime Minister Nguyen Xuan Phuc spoke highly of initiatives of promoting integrity and transparency in business environment contributed by agencies, organisations and enterprises in country, particularly Action Plan for Promoting Integrity in Business, also known as Project 12, initiated by VCCI. He hoped that VCCI will fully exert its efforts to successfully carry out Project 12 and accompanied the Government of Vietnam in the fight against corruption in business in order to build a healthy and trustworthy business environment.
David Cameron, Prime Minister of the United Kingdom of Great Britain and Northern Ireland, said no country is free of corruption. The matter is its degree, more or less. The less corruption the investment and business environment is, the more attractive it is to investors. All FDI investors also prefer choosing countries with greater transparency and integrity to ensure the safety of their investment decisions.
Prime Minister David Cameron praised the efforts of the Government of Vietnam for pushing up economic growth, improving national competitiveness and meeting international standards while confirming that the UK wants to bolster economic and trade cooperation with Vietnam in the coming time to double Vietnam - UK bilateral trade turnover from the current value. To realise this objective, he hoped that the Government of Vietnam will make a greater effort to combat corruption, strengthen the collaboration with the business community to enhance integrity in business and gradually create a fair, open and transparent business environment so as to not only reassure domestic businesses but also build up the confidence of foreign investors, including those from the UK.
Remarking on integrity in business, Mr Vu Tien Loc, VCCI President, said that fighting corruption is a long battle that requires patience and persistence. In addition to the efforts of the Government, ministries, branches and VCCI, [we] need the cooperation and response of organisations and unions in the fight against corruption and enhancement of integrity, especially the roles of the country-wide business community. He added that "The coordinated actions of all stakeholders such as the Government, business community, business associations, social organisations and media agencies will be significant factors that help repel corruption and exercise integrity in business towards the better competitiveness of the national economy and enterprises themselves.”
My Chau - VBF