Progress recorded in recovering corrupt assets through int’l cooperation
International cooperation in recovering corrupt assets have seen positive progress, leading to a higher rate of assets recovered from corruption, heard a seminar co-hosted by the Party Central Committee’s Commission for Internal Affairs and the United Nations Development Programme (UNDP) in Hanoi on May 28.
International cooperation in recovering corrupt assets have seen positive progress, leading to a higher rate of assets recovered from corruption. Illustrative image (Photo: VNA)
Hanoi (VNA) - International cooperation in recovering corrupt assets have seen positive progress, leading to a higher rate of assets recovered from corruption, heard a seminar co-hosted by 𝓀the Party Central Committee’s Commission for Internal Affairs and the United Nations Development Progra♚mme (UNDP) in Hanoi on May 28.
Deputy head of the commission Nguyen Thanh Hai cited a report as saying that between 2012 and 2022, the rate of asset recovery from corruption increased to over 34%, and in some cases, 100% of lost or embezzled assets were recovered.
However, he also acknowledged persistent difficulties, including corrupt funds being hidden or illegally transferred abroad, limited coordination between relevant agencies and prolonged processing times and uncertain outcomes when requesting foreign judicial assistance.
According to him, the United Nations Convention against Corruption (UNCAC) dedicates Chapter 5 to asset recovery, with crucial provisions that establish responsibilities and obligations for member states to follow rigorously and effectively within their territories. Therefore, studying international best practices in asset recovery is essential in the process of refining relevant Vietnamese mechanisms and laws.
Several opinions said while the Vietnamese laws are generally considered compatible with UNCAC’s measures and requirements, challenges remain in securing international judicial assistance for the extradition of corruption offenders.
Discussions at the event focused on proposals for improvement, including more detailed analyses and the development of asset recovery mechanisms that don't always require a conviction – these would be tailored to the Vietnamese context./.
Chief Justice of the Supreme People’s Court Nguyen Hoa Binh and Minister of Justice Le Thanh Long cleared up questions regarding asset recovery in corruption cases, at a Q&A session in Hanoi on March 20 as part of the 21st meeting of the National Assembly (NA) Standing Committee.
A workshop was held on November 15 in the northern province of Quang Ninh to share experience in asset recovery in corruption and economic crime cases.
Agencies in the Central Highlands province of Dak Lak have conducted investigations into 114 corruption and fraud cases involving 188 people in its fight to tackle economic crime.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
