With mounting publicity on Vietnam's war with corruption, the Supreme Court of New York has authorized international discovery on a corruption case involving high-profile investors across the United States, Vietnam, and Singapore. The move illustrates the growing damage unethical business dealings are having on the foreign investment climate and its impact on local economic development. It's also underlining the potential for positive transformation through government intervention.
The country is growing in popularity as many investors hope to shy away from China. This trend has quickened in recent years, with Vietnam demonstrating its economic integrity during COVID and the past decade. As one of the only countries in the area to grow economically during the pandemic and triple its GDP over the last 10 years, Vietnam has become an investors' paradise. That is until corruption allegations emerged.
