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Saturday, April 7, 2012

Half of Vietnamese companies admit they ‘bribe officials’

In America, perpetual political patronage and rent seeking isn't called bribery, it's called a campaign contribution.
Nearly 50 percent of Vietnamese companies admit to bribing officials in order to bid on contracts, a new survey shows, but experts say the real figure could be far higher. About 80 percent of businesses in the communist country reported that corruption had hurt their operations...
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The Raw Story