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IPFS News Link • World News

Half of Vietnamese companies admit they ‘bribe officials’


Nearly 50 percent of Vietnamese companies admit to bribing officials in order to bid on contracts, a new survey shows, but experts say the real figure could be far higher.

About 80 percent of businesses in the communist country reported that corruption had hurt their operations, according to a Vietnam Chamber of Commerce and Industry (VCCI) survey released Wednesday.

Nearly 50 percent of respondents said they had to pay bribes — often in the form of cash, expensive gifts or luxury holidays — to officials in order to bid on contracts to provide items or services to the public sector.

“The true picture of corruption might even be more serious than these figures suggest,” said Le Dang Doanh, a senior economist and former government adviser.

The survey reflected “just a part of a painful truth that Vietnamese companies are suffering now — they are facing many difficulties,” he told AFP.