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December 18, 2018

Lex Mundi Anticorruption Compliance Guide—Vietnam Report

Lex Mundi

Thomas Treutler, partner and managing director of Tilleke & Gibbins’ two offices in Vietnam, and Chuyen Hong Huu Le, an attorney-at-law in the firm’s corporate and commercial group in Ho Chi Minh City, have drawn on their well-versed understanding of anti-bribery and corruption law to provide a Vietnam report for Lex Mundi’s Anticorruption Compliance Guide . Among other things, their report provides great detail on Vietnam’s 2017 Penal Code’s anticorruption provisions. 

Capitalizing on its network of independent firms around the world, Lex Mundi’s Anticorruption Compliance Guide  provides local insight on anti-bribery and corruption regimes across 78 jurisdictions globally. Each jurisdiction is divided into an individual report following a question and answer format.

In addition to contributing the Vietnam report for the guide, Tilleke & Gibbins’ legal professionals also supplied the responses for the reports covering Cambodia, Laos, Myanmar, and Thailand.

To view the full Vietnam report, please download the PDF below. For reports from the other 77 jurisdictions, please visit Lex Mundi’s website.

RELATED INSIGHTS​ 

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Vietnam continues to see a trend of increasing foreign direct investment. In 2016, foreign investment inflows reached US$15.8 billion—a record level. This figure represents a 9 percent increase from 2015, which was another record year for foreign investment. The Economist  surmises that Vietnam is mixing the right ingredients for rapid and sustained growth, similar to South Korea, China, and Taiwan before it.
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All economic growth indicators show that Cambodia is an attractive destination for foreign investment, with the economy experiencing stable and substantial annual growth, the population’s purchasing power steadily increasing, and the economy diversifying. The Cambodian government is determined to provide an open market for investment, implementing positive reforms in business registration procedures, as well as in Cambodia’s tax regime.
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As a small, landlocked nation, surrounded by heavily populated economic powerhouses, the Lao People’s Democratic Republic (Laos) is often overlooked as a foreign investment destination in favor of its neighbors. However, Laos’ shared borders with Thailand, Vietnam, Myanmar, Cambodia, and China place it in a uniquely appealing geographical position, with the potential to become a vibrant economic hub between China and the Association of Southeast Asian Nations (ASEAN).
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Thailand is a priority destination for foreign direct investment (FDI) and has enjoyed steadily increasing FDI since the return of political stability in 2014. The current regime has made concerted efforts to consistently improve the country’s appeal as an FDI destination, resulting in an increasingly attractive and modern legal framework.