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VietNamNews

Improved asset recovery targeted in graft fight

Update: October, 29/2014 - 10:21
Many embezzled assets were spent on business and investment or gambling, making recovery impossible. — Photo baodaidoanket

HA NOI (VNS) — Recovering embezzled assets was proving difficult, Supreme Procuracy of Viet Nam deputy director general Truong Minh Manh said at a workshop yesterday in Ha Noi.

Since efforts began to recover these assets and put the funds back in the State budget, only US$71 million was recovered, accounting for 22.3 per cent of the total, according to a 2014 report submitted to the National Assembly.

Many embezzled assets were spent on business and investment or gambling, making recovery impossible, Manh said. Additionally, agencies charged with investigating and prosecuting corruption cases often lacked experience with financial matters.

"The country needs to review and revise its anti-corruption law to create a legal framework while enhancing law enforcement to ensure effective implementation of asset recovery practices," said Nguyen Thanh Tu, deputy director general of the Department of International Law from the Ministry of Justice.

The workshop also discussed preventative measures to fight corruption such as building a Code of Conduct and Ethics for officials, increasing the accountability of office leaders and rotating positions.

"The fight against corruption must be approached as a social responsibility and produce a long-lasting impact," said Tran Duc Luong, deputy inspector general of the Government Inspectorate.

He added that Project 135, a programme to include anti-corruption contents in the nation's education and training curriculum, would be implemented in the following school year.

The workshop was jointly organised by the Government Inspectorate of Viet Nam and the British Embassy to prepare for the 13th Dialogue on Anti-Corruption, scheduled to take place on November 26. — VNS

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