Business Integrity Toolkit - For Investors and Startups in Viet Nam

Business Integrity Toolkit - For Investors and Startups in Viet Nam

July 27, 2020

The 2030 Agenda for Sustainable Development, adopted by all United Nations member states in 2015 provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. Out of the 17 SDGs, one focuses on peace, justice and strong institution – SDG16, and is one of the most relevant to both the investor and entrepreneur communities, especially in the rise of the startup culture and the creative economy.

Vietnam’s 2019 Corruption Perceptions Index (CPI) scored 37/100, up by 4 points compared to 2018, ranking 96/180 on the global index. Within ASEAN, Vietnam and Malaysia are the only two countries that see a statistically significant improvement in CPI score.

However, on the scale of 0 (highly corrupt) to 100 (very clean), Vietnam is still among two thirds of the world’s countries scoring below 50. This means that corruption remains a serious problem in Vietnam.

Corruption creates serious risks for both investors and startups.

The Business Integrity toolkits for investors and new businesses is developed under the project “Promoting a fair business environment for new businesses in Viet Nam”, co-organized by UNDP and Business Forum Magazine- Vietnam Chamber of Commerce and Industry (VCCI), funded by the UK prosperity fund.