Why can’t Vietnam handle state-owned enterprises?

In recent years, the State Audit’s annual reports submitted to Vietnam’s National Assembly have shown that there are a series of state-owned enterprises with heavy losses and debts of tens of thousands of billions of dong. On October 6, Thanh…
Xi Jinping visits Hanoi to tighten control over Vietnam’s leaders?

On October 6, an international news agency said “Vietnam and China are preparing for Mr. Xi Jinping’s visit to Hanoi next month.” This is not surprising information, because before US President Joe Biden’s visit to Vietnam, there were speculations about…
$3.5M bribery scandal in Vietnam’s Oil and Gas industry

The October 5 news of the Voice of America (VOA) said, “US Department of Justice: Albemarle spends $3.5 million for lubrication in Vietnam; pays 6.5% commission.” According to documents from the US Department of Justice, thanks to the brokerage of…
Alarming waste and budget burden on public cars in Vietnam

In Vietnam, every year, the budget has to spend hundreds of thousands of billions of dong on operating public cars. This is a burden while the public debt situation is at an alarming level. Furthermore, state budget expenditures for social…