There are different causes for corruption in Vietnam, one of which lies in weak  economic management. Although the Vietnamese government has improved the country’s economic policies and laws and created more favourable conditions for domestic and foreign enterprises over the past few years, the field of economic management sill has lots of limitations as other developing countries.

According to Mai Quoc Binh, who is the government’s deputy general inspector, restrictions in economic management need rapid improvement. If not, corruption will quickly develop and become complicated, thus hindering the building of a transparent and competitive business environment. As a result, it will lead to a reduction in the competitiveness of the whole economy and badly affect the development of businesses.

Experts attending the seminar believed Vietnam will have a lot to do in order to improve competitiveness and attract investment. One of the most important requirements is to enhance the transparency, forecast analysis, stability and fairness for all foreign enterprises who invest into Vietnam.

Swedish ambassador to Vietnam, Rolf Bergman, said international organisations have provided initiatives to develop a transparent business environment. In the task of fighting corruption, the Vietnamese government should cooperate with businesses more closely.