Preventing Conflicts Of Interest

A "Conflict of Interest" is defined as a real or seeming incompatibility between one's private interests and one's public or fiduciary duties (Black's Law Dictionary – Ninth Edition).

There is no statutory definition of conflict of interest under the laws of Vietnam. Actions constituting conflicts of interest are only indirectly regulated in the form of certain prohibited activities in various legal documents such as the Law on Cadres and Civil Servants¹ or the Law on Anti-corruption² which governs the activities of cadres and civil servants in the Governmental system. There are also provisions in the Law on Enterprises³ governing the activities of people holding management positions in enterprises.