Combating corruption in Vietnam: a commentary

Gregory, Robert J.

doi:10.1108/aeds-01-2016-0010

Cited by 14 publications

(11 citation statements)

References 16 publications

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“…In the lack of clear legal frameworks on CG in SOEs and the proper implementation of laws and regulations, the state also often delegates its function to the supervisory board or the member council, such as appointing and dismissing the chief executive officer and approving several budgets and investment plans. This provides scope for political interference and inconsistencies in direction and approach leave the door open to major mismanagement (Gregory, 2016) and can open opportunities for corruption. For example, the head of the state-owned shipbuilding enterprise, Vinashin, was given a 20-year jail sentence for gross financial mismanagement.…”

Section: Ineffective Monitoring From the Governmentmentioning

confidence: 99%

Politics and institution of corporate governance in Vietnamese state-owned enterprises

Phuong

Nguyen

2020

MAJ

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Purpose The paper aims to examine how the change in political ideology and institutions affects corporate governance (CG) of the state-owned enterprise (SOE) in Vietnam, as well as its consequences. Design/methodology/approach To link macro-level institutional change to micro level of the reform process of the Vietnamese SOE governance, we draw from the “Varieties of Capitalism” (VoC) framework adopt a triangulation approach for data collection. Findings The paper shows the CG of SOEs is a variant of capitalist CG. Changes in the function, state control and structure of governance in the Vietnamese SOEs have been shaped by the political ideology and institution. It also shows that the political and bureaucratic interferences of the state in SOEs are for political interests rather than for firms’ effectiveness. Research limitations/implications The political ideology has existed in major aspects of the governance structure of the SOEs as a part of the party’s effort to maintain its economic legitimacy and a government of “control and domination”. Practical implications The findings of this study can be seen as a reference for the Vietnamese Government and governments of other developing countries in making incremental improvements in existing institutions rather than choosing the “best” model of CG. Originality/value The paper contributes to the literature by applying the VoC framework to analyse the change in SOE governance in a transition country while preserving the communist ideology. It can deepen our understanding of the SOE governance in Vietnam and enrich comparative studies of CG in the transition countries.

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Section: Ineffective Monitoring From the Governmentmentioning

confidence: 99%

Politics and institution of corporate governance in Vietnamese state-owned enterprises

Phuong

Nguyen

2020

MAJ

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“…Corruption in Vietnam is not a new phenomenon. In 1953, right before the end of French colonial rule, the President of the Democratic Republic of Vietnam, Ho Chi Minh (Hồ Chí Minh), identified corruption as one of three things to fight, along with wastefulness and bureaucracy (Gregory 2016;Quah 2015), and warned against stealing public property for private use (Giao 2014a, b, p. 42). However, influenced by rapid economic growth, since 1986-the renovation 'đổi mới' period, corruption in Vietnam today is institutionalized, endemic, systemic, and deeply political (Gregory 2016, p. 239) (Nguyen et al 2016;Tromme 2016).…”

Section: Context Of Vietnammentioning

confidence: 99%

“…A central committee for anti-corruption efforts has been established, led by the Prime Minister, and the government recently adopted the National Strategy on Anti-Corruption to 2020 (Matsushima and Yamada 2016;Tromme 2016). Additionally, in 2003, Vietnam signed the United Nations Convention against Corruption (UNCAC), ratified it 6 years later and cooperated with the World Bank to launch the Vietnam Anti-Corruption Initiative Program in 2014 to implement grassroots transparency, integrity, and accountability (Gregory 2016).…”

Section: Buddhismmentioning

confidence: 99%

Tensions and Struggles in Tackling Bribery at the Firm Level: Perspectives from Buddhist-Enacted Organizational Leaders

2019

J Bus Ethics

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This study explores the role of an informal institution-engaged Buddhism-in leadership responses to issues of bribery at the firm level in the context of Vietnam. In-depth interviews were carried out in Vietnam with 26 organizational leaders who were Buddhist practitioners. The leaders expressed a Buddhist-enacted utilitarian approach based on three contextassociated mechanisms: karmic consequences, community and social well-being, and total detachment. These mechanisms manifest in leadership approaches based on the Middle Way, Skillful Means, and Emptiness. They are involved in forming leaders' perceptions about bribery issues and their enacting of contextual approaches to balance organizational means and ends in tackling ethical issues associated with bribery. The study also sheds light on moral struggles involved in the process of shaping and enacting a Buddhist-enacted utilitarian approach.

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“…A few surveys report in ASEAN countries have revealed a situation where corruption is widely perceived in the public, public administration and business environment (see example, Enterprise Surveys, 2019; Pring, 2017). Apart from that, other issues such as historical impact of brutal ruling regime in the past, weak governance and nation integrity system, weakness enforcement and monitoring system in safeguard the natural resources, the imbalance for prosecution and arrest as well as a low conviction rate for discipline related offender, informal sectors' ecosystem & civil tension, the weak regulatory framework and civil society, and exist of stated-restricted news media system (see examples, Amin, 2016;Corruption Eradication Commission [KPK], 2015;GAN Integrity, 2016Gregory, 2016;Hashim, 2017;Khaing, 2015;Stokke et al, 2018;Transparency International Cambodia, 2014). All these above are the several issues that have mentioned related to most of the ASEAN countries that closely linked to widespread corruption.…”

Section: Introductionmentioning

confidence: 99%

Corruption and Growth in ASEAN Countries: A Non-Linear Investigation

Haw¹,

Kueh²,

Ling³

2020

IJARBSS

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This paper examined the nexus between corruption and economic growth of the Association of Southeast Asian Nations (ASEAN) countries covering the period from 1996 to 2018. Most of the ASEAN countries experiencing high level of corruption associated with robust economic growth performance. This phenomenon is opposite against the prevalent proposition of negative linkage between corruption and economic growth. Therefore, a non-linearity analysis has been incorporated to cover the changes in the effect of corruption on economic growth. This finding revealed there is a significant U-shaped relationship between control of corruption and economic growth of ASEAN countries. In other words, corruption may indirectly facilitate the growth until certain threshold level, ultimately, corruption is substantially reducing growth as corruption level under control. Empirical results indicate that the threshold level of corruption is approximately 1.84 on a 5-point scale of corruption control. This shows that corruption will be detrimental to growth when the corruption level is beyond the threshold level. The speed of adjustment implies that ASEAN countries was vulnerable to the variations as it takes longer time to adjust to long-run equilibrium, particularly on economic growth, trade openness, and inflation. The granger causality test denotes the causality between control of corruption and other variables are mutually complementary.

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Combating corruption in Vietnam: a commentary

Cited by 14 publications

References 16 publications

Politics and institution of corporate governance in Vietnamese state-owned enterprises

Politics and institution of corporate governance in Vietnamese state-owned enterprises

Tensions and Struggles in Tackling Bribery at the Firm Level: Perspectives from Buddhist-Enacted Organizational Leaders

Corruption and Growth in ASEAN Countries: A Non-Linear Investigation

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