Updated by lawyers with Russin & Vecchi,
2022
Addressing corruption before it can occur has now become
virtually a necessity.
Vietnamese laws, America's Foreign Corrupt Practices Act
(FCPA), the UK's Bribery Act 2010, and the
laws of most other countries prohibit corrupt payments to
Vietnamese government officials. Vietnam has clearly drawn the
attention of the US Department of Justice (DOJ),
as suggested by the 2009 FCPA enforcement action against Nexus
Technologies Inc., a Philadelphia-based export company. The
Vietnamese Government, in its own right, has increased its
prosecution of corrupt acts. It may be difficult to understand what
that could mean for your business in Vietnam. After all, you do not
engage in bribery yourself and you are certain that no one in your
company does either. Unfortunately, that certainty is not enough to
protect you in case of an investigation.
