Strong sanctions needed to cut off 'backyard' business relationships: police chief
Specific regulations and strong sanctions are needed to cut off cronyism relationships between officials and businesses, to prevent individuals from manipulating state agencies and reaping illegal benefits, said Minister of Public Security To Lam on Tuesday.
The minister made the remarks while responding to legislators’ queries on measures to improve the effectiveness of the fight against corruption and negative phenomena at a Q&A session as part of the ongoing sitting of the National Assembly, Vietnam's legislature.
He stressed the need to focus on perfecting institutions and improving the efficiency of state management in all fields, while addressing legal loopholes.
"Attention should be paid to reviewing and supplementing regulations on controlling power, especially that of heads of ministries, sectors and localities," he noted.
Minister of Public Security To Lam answers legislators' queries on November 7, 2023. Photo courtesy of Vietnam's National Assembly.
Regarding the handling of violators, Minister Lam said that most violators had been charged with "property embezzlement" or "giving and accepting bribes."
"We have not arrested anyone involved in the two crimes who did not receive money. I believe that people agree that those who abuse their positions and power to accept bribes should be punished," he emphasized.
In some cases, the number of victims is very large, so recovering assets is extremely important, he said. “We must fight corruption and also recover assets belonging to the state and its people,” he affirmed.
The minister also proposed promoting digital transformation to ensure publicity and transparency in all fields whilst limiting corruption, especially "petty corruption."
According to Lam, his ministry has stepped up its investigations and handling of corruption cases and negative phenomena. Prominent among those were the Covid-19 test kit scam at Viet A Company and the case of accepting bribes in the “rescue flights” that brought Vietnamese citizens home during the pandemic, with many government officials and business leaders arrested.
Viet A Company chairman and general director Phan Quoc Viet admitted that he paid bribes of more than VND86 billion ($3.6 million) to ministry officials for helping his company to sell Covid-19 test kits, said investigators.
Health Minister Nguyen Thanh Long received $2.25 million from Viet, while his secretary Nguyen Huynh got VND4 billion (170,000). Nguyen Minh Tuan, director of the health ministry's medical equipment and construction department, got $300,000; and Nguyen Nam Lien, director of the ministry’s financial planning department, received $100,000.
In the case of giving and receiving bribes related to repatriation flights, after 11 months of investigation, the Ministry of Public Security's investigative agency detained nearly 30 people, many of whom were officials at the Ministries of Foreign Affairs, Health, and Transport, the Government Office, and the Ministry of Public Security’s immigration department.
A court in Hanoi in July sentenced four of them to life imprisonment. Former Deputy Foreign Minister To Anh Dung was sentenced to 16 years in prison.
- Read More
VinSpeed, Thaco vie for investment role in North-South high-speed railway
Several major Vietnamese companies, including Vingroup subsidiary VinSpeed and automaker Thaco, are vying for a role in Vietnam’s gigantic North-South high-speed railway project.
Infrastructure - Fri, November 28, 2025 | 5:14 pm GMT+7
Finnish fund PYN Elite raises VN-Index forecast to 3,200 points
PYN Elite (Finland), one of the largest foreign funds in the Vietnamese stock market, has revised up its forecast for the benchmark VN-Index to 3,200 points, much higher than the 1,690.99 recorded on Friday.
Finance - Fri, November 28, 2025 | 4:49 pm GMT+7
Mind the gap
Without stronger digital and physical networks, global productivity will falter at precisely the moment the world needs new engines of growth, writes Benjamin Hung, president, International, Standard Chartered.
Consulting - Fri, November 28, 2025 | 3:49 pm GMT+7
Alliance claiming $100 bln investment for trans-Vietnam high-speed railway 'uncontactable'
An alliance between Mekolor, a relatively unknown Vietnamese company, and American entity Great USA, which claimed it could mobilize $100 billion for the North-South high-speed railway project, could not be contacted, said standing Deputy Prime Minister Nguyen Hoa Binh.
Infrastructure - Fri, November 28, 2025 | 3:19 pm GMT+7
Mitsui eyes new opportunites in Vietnam's energy sector, projects related to carbon emission reduction
Mitsui & Co., Ltd. plans to expand its investment in Vietnam in the energy sector and projects related to carbon emission reduction, president and CEO Kenichi Hori told Prime Minister Pham Minh Chinh at a Thursday meeting in Hanoi.
Industries - Fri, November 28, 2025 | 2:39 pm GMT+7
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
PV Power says profit may fall in 2026 despite higher output due to extreme weather
PV Power (HoSE: POW), a subsidiary of state-owned energy giant Petrovietnam, expects electricity output to rise next year, but says profit may decline from this year’s strong results due to increasingly erratic weather conditions.
Companies - Fri, November 28, 2025 | 9:00 am GMT+7
Decoding the attraction of 'A.I Real Combat' contest broadcast on Vietnam Television
Vietnam’s first national artificial intelligence competition, 'A.I Thực chiến' (A.I Real Combat), aired its opening round at 8 p.m. Wednesday on state broadcaster VTV2, with a rebroadcast on VTV3 two days later.
Companies - Thu, November 27, 2025 | 8:17 pm GMT+7
Foxconn Industrial Internet’s Vietnam revenue jumps 83% on automation, digitalization: CEO
Foxconn Industrial Internet (FII), a unit of Taiwanese electronics giant Foxconn, saw revenue from its new-technology applications in Vietnam rise 83% in the past fiscal year while headcount increased only 20%, driven by automation and digitalization.
Companies - Thu, November 27, 2025 | 4:56 pm GMT+7
SHB bank sees development drivers from capital-raising strategy, opportunities to attract foreign inflows
The upcoming capital-hike strategy is expected to position Saigon-Hanoi Bank (SHB) among the Top 4 private banks in Vietnam by charter capital, helping the lender maintain its competitive advantage via robust capital strength.
Banking - Thu, November 27, 2025 | 4:33 pm GMT+7
Vietnam's consumer finance major F88 launches first public bond issuance with 10% annual coupon
F88, a leading consumer finance company in Vietnam, has received regulatory approval for its first public bond issuance, offering a fixed annual coupon of 10% - a level seen as attractive amid low bank deposit rates and softer corporate bond yields.
Companies - Thu, November 27, 2025 | 4:16 pm GMT+7
Technology, innovation, digital transformation will drive Vietnam to high-income, developed-economy status by 2045: PM
Science-technology, innovation, and digital transformation will be key drivers for Vietnam to become a developed, high-income economy by 2045, Prime Minister Pham Minh Chinh said at a policy dialogue with World Economic Forum (WEF) managing director Stephan Mergenthaler.
Economy - Thu, November 27, 2025 | 3:25 pm GMT+7
220kV transmission line energized to facilitate electricity imports from Laos to Vietnam
National Power Transmission Corporation (EVNNPT) and the Central Power Projects Management Board (CPMB), in coordination with relevant units, on Wednesday successfully energized the 220kV Tuong Duong-Do Luong transmission line in the central province of Nghe An, facilitating the imports of electricity from Laos to Vietnam.
Companies - Thu, November 27, 2025 | 2:32 pm GMT+7
Government allows eligible Vietnamese citizens to enter Phu Quoc, Ho Tram, Van Don casinos
Vietnam has allowed eligible Vietnamese citizens to gamble at the Phu Quoc, Ho Tram and Van Don casinos starting November 26, per a government resolution issued on Tuesday.
Economy - Thu, November 27, 2025 | 2:02 pm GMT+7
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7






















