- Corporate Crisis Management
- Asia
Vietnam Compliance Newsletter (Practical Series)
No 1: Key Characteristics of Internal Misconduct in Vietnam and Practical Tips for Initial Responses
Vietnam’s stable economic growth and pro-Japan public sentiment make it an extremely attractive investment destination for Japanese companies. However, companies also face the harsh reality that employee misconduct may occur at local subsidiaries in Vietnam. In fact, misconduct on the scale of hundreds of thousands of U.S. dollars has been uncovered in a number of cases involving Japanese-affiliated companies, significantly damaging corporate value and undermining trust. In this issue, we first summarize several trends that are characteristic of misconduct in Vietnam, and then explain practical points to keep in mind when formulating and implementing initial responses to suspected misconduct. Misconducts at Vietnamese companies tends to involve the following characteristics, which differ in several respects from typical compliance issues in Japan...To read the full article, please see the PDF file
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Asia & Corporate Crisis Management Newsletter
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In addition to seven years' experience in Vietnam, Taro also has experience in working as in-house counsel for a major trading company. He has strong expertise in cross-border M&A/joint ventures, real estate development, labor, compliance, crisis management deals, and international transactions. In recent years, the scope of his work has expanded to include Turkey and other Middle Eastern countries. He is also a member of the Agrifood Practice Team.