Gov't, Party officials should be banned from having offshore bank accounts: research

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Researchers from the Internal Affairs Department present their report at the conference Thursday. Photo credit: Tuoi Tre Researchers from the Internal Affairs Department present their report at the conference Thursday. Photo credit: Tuoi Tre

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The Communist Party and the government should consider banning high-level Party members and officials from depositing money in offshore bank accounts or possessing assets overseas as a measure to fight corruption, researchers have suggested.
The proposed measure is included in the report of a research on measures to recover illegal assets of corrupt officials, which was conducted by researchers at the Internal Affairs Department of the Party's Central Committee.
The report suggested that the ban be applied on Party members who hold high positions in government agencies and ministries.
The measure would deter corrupt officials from fleeing abroad after committing their wrongdoings in Vietnam, they said.
According to the report, only 22 percent of assets from corrupt officials were recovered in 2014, according to available statistics. But that rate was most likely even worse in reality, researchers said.
The report also said corruption in Vietnam is "serious, complicated," widespread and increasingly better-organized.

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