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Reuters
Reuters
Business
By Francesco Guarascio

Analysis: Vietnam's anti-graft crackdown chills supply chains, investment

FILE PHOTO: Labourers work at Hung Viet garment export factory in Hung Yen province, Vietnam December 30, 2020. REUTERS/Kham/File Photo

An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia's fastest growing economies.

The Chinese-style campaign against graft has been under way since 2016, but a series of recent scandals have sparked new wide-ranging investigations, unnerving government officials who now fear being accused of corruption and are reluctant to greenlight procurement and investment.

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