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Significance
Thoa is the latest official to fall in Hanoi’s anti-corruption drive. Thoa reportedly approved Trinh Xuan Thanh’s appointment as PetroVietnam Construction Joint Stock Corporation’s (PVC) chairman; the corruption allegation against him has sparked an abduction and spying scandal in Berlin.
Impacts
A delayed EU-Vietnam trade deal could hit the post-Brexit United Kingdom, which wants to adopt it as a UK-Vietnam deal.
Anti-graft drives alone will not be enough to increase SOEs’ productivity and profitability; business reforms will be required.
Effective anti-graft campaigns could aid investment and accelerate Vietnam’s economic growth driven by the private sector.
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2017
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