VietNamNet Bridge - Bank credit, land use and mineral management, construction, management and use of capital in state-owned enterprises (SOEs) are the four areas with sophisticated corruption, reported Inspector General Huynh Phong Tranh to the National Assembly’s Justice Committee yesterday.

Inspector General Huynh Phong Tranh.

According to Tranh, in the field of credit and banking, corruption is mostly forcing clients to cut back the percentage of the loans, taking bribes from clients to legalizing the loan applications without collateral or with insufficient collateral assets, colluding with clients to make faked contracts and to raise the price of leasing property to withdraw money from banks.

In regard to land and mineral use and management, serious and complicated corruption takes place in land planning, conversion of land use purpose, land acquisition, land allocation, land lease, land valuation, licensing of mineral mining...

In the field of capital construction investment, the Inspector General pointed out sophisticated manifestations of corruption such as fraud, lack of transparency in organizing tender, declaring higher prices for construction materials, using low-quality materials, etc.

For the use and management of state assets and capital at SOEs, corruption is committed with the acts like hiding assets or evaluating assets at lower value when equitisation is conducted, making false contracts and invoice to appropriate assets, etc.

Tranh reported that in 2009, the total amount of money and property associated with detected corruption cases is more than VND700 billion ($37 million). The inspectorate helped recover about VND350 billion. In 2010, corruption cases associated with VND193 billion, 516 hectares of land were detected and VND56 billion and 432 hectare land were revoked. In 2011, over VND300 billion was taken back and over VND410 billion in 2012. Also in 2012, the inspectorate found 89 cases and 107 people related to acts of corruption with total assets of VND104 billion.

The head of the inspectorate admitted: "The number of corruption cases that are detected and handled is still modest, not reflecting the actual situation of corruption. Meanwhile, the scale of corruption is growing, as being indicated in the number of related subjects, the assets being appropriated, the trend to form crime organizations in economic sectors, the increasingly sophisticated nature of corruption."

Tran Cham