The Communist Party of Vietnam has been on an aggressive anti-corruption drive. Earlier this year, in a move unprecedented in recent Vietnamese political history, three key national leaders including the ex-president were forced to step down on charges of corruption.
The campaign, commonly described as the ‘burning furnace’, has mainly affected the real estate, healthcare and banking sectors, but there are concerns that other sectors will come under heat.
Angela Mancini, Partner, speaks with Linh Nguyen, Associate Director and Lead Vietnam Analyst about what anti-corruption drive means for businesses with exposure in Vietnam. They also discuss whether the Vietnamese economy will be affected by external factors such as the re-opening of China, the banking crisis in the West, and if there is a silver lining for investors in all of this turbulence.
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Watch the on-demand recording of our webinar, Power, Politics, Potential: The new realities of doing business in Vietnam or listen to our podcast episode, Vietnam: Immense opportunities in a complex market for more in-depth analysis.
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