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| A production line of the Yarn Factory of Nam Dinh Textile and Garment Joint Stock Corporation__Photo: VNA |
The National Assembly (NA) Standing Committee has recently given its opinions on the draft Law Amending a Number of Articles of the Law Against Corruption, with a focus on revisions related to declaration of assets and income at state-funded enterprises.
Under the draft, employees in enterprises in which the State holds more than 50 percent of charter capital or total voting shares would be subject to asset and income declaration. As stated in the 2018 Anti-Corruption Law, only income earners in wholly state-owned enterprises have to comply with such declaration requirement.
Most members of the NA Standing Committee agreed with the expansion of the categories of individuals obligated to declare assets and income within state enterprises, emphasizing that it is conformable with the Party’s policies on improving the operation efficiency of state enterprises and strengthening the management of state capital and asset, and consistent with the trend of equitization of state enterprises.
In addition, the draft proposes increasing the value of a piece of assets subject to declaration to VND 150 million from the current VND 50 million and raising the threshold for additional declaration of assets and income in a year to VND 1 billion from VND 300 million. This aims to ensure suitability with current socio-economic development conditions and the rising market prices compared to 2018.
The draft says that the responsibility for asset and income control would be assigned to Inspection Commissions of the Party Committees immediately higher than the grassroots level or higher level; the Government Inspectorate of Vietnam; the Supreme People’s Court; the Supreme People’s Procuracy; the State Audit Office of Vietnam; the Office of the National Assembly; the Office of the President; the National Assembly’s Committee for Deputies’ Affairs; central bodies of socio-political organizations; as well as ministries, ministerial-level agencies, government-attached agencies, and provincial-level inspectorates.
Meanwhile, The Government would have to specify the responsibilities, procedures and processes for verifying assets and income of individuals subject to declaration under annual plans.
The draft also introduces amendments for improving policies on corruption prevention measures; policies on corruption detection, covering the competence of inspection bodies for cases and matters showing signs of corruption; and policies on IT application and digital transformation in asset and income control to serve corruption prevention.- (VLLF)
