Corrupt Officials Embezzle VND865 Billion in 2007

Vietnamese police detected 584 corruption cases involving 1,299 officials embezzling some VND865 billion (US$54 million) in 2007.

Many of the cases involved big national projects and historical works, such as Project 112 and the Statue of the Dien Bien Phu Victory.

According to initial reports from the Police Bureau of Criminal Investigation into Corruption, a number of officials at the Bank for Agricultural and Rural Development’s Foreign Capital Management Department deliberately violated economic management regulations, causing losses of some VND500 billion (US$31.25 million) to the state exchequer.

The police said corruption and vice have been very serious at state-owned companies and administrative agencies, mostly in finance, tax, customs and construction management. 

Corruption also crept to police departments, courts, and People’s Procuracy and have undermined people’s trust in the nation, the police added.

By N.Q. – Translated by H.Yen

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