Want to be in the loop?
subscribe to
our notification
Business News
EY’s WEBINAR: BRIBERY AND CORRUPTION RISKS IN A VOLATILE CLIMATE: ARE YOU PREPARED?
Bribery and corruption risks in a volatile climate: are you prepared?
With organizations adjusting to a post-pandemic era along with rising geopolitical instability, it is becoming increasingly challenging for them to act with integrity. The EY Global Integrity Report 2022: emerging markets perspective highlighted that stakeholders’ expectations of businesses to act ethically are growing and pressures to report on an organization’s environmental, social and governance (ESG) commitments are translating into international standards. In this environment, corporate messaging is not enough to create a culture of integrity – companies need to act to bridge the gap between intentions and behaviors.
At the same time, government agencies across the world, such as the US Department of Justice (DOJ), the Securities and Exchange Commission, and the UK Serious Fraud Office (SFO) as well as regional and local authorities, remain highly active and have recently sanctioned various organizations with record high penalties for paying bribes to government officials to win or retain business, including several cases in Asean.
Stricter enforcement globally and across Asean not only results in significant monetary penalties and reputational damage for the affected organizations, but also potentially criminal liabilities for the companies’ officers, directors, employees and agents. As a result, bribery and corruption continues to be a key compliance risk for management.
In this webinar, speakers from EY Forensic & Integrity Services and EY Law practices will discuss recent anti-bribery and anti-corruption (ABAC) developments and the evolving regulations. They will also share insights on implementing an effective ABAC management system in accordance with the ISO37001, including key components such as whistleblowing, third-party risk management, transaction forensics, and data analytics for ABAC monitoring.
Speakers
• Ramesh Moosa - EY Asean and Singapore Forensic & Integrity Services Leader
• Philipp Kloeber - Associate Director, Forensic & Integrity Services, Ernst & Young Advisory Pte. Ltd.
• Kareena Teh - Partner, LC Lawyers LLP
Panelists
Partners from EY Forensic & Integrity Services teams in Asean will share local insights and perspectives during the panel discussion.
• Stevanus A. Sianturi, Partner, PT Ernst & Young Indonesia
• Joyce Lim, Partner, Ernst & Young Consulting Sdn. Bhd.
• Brian Wong, Partner, Ernst & Young Consulting Sdn. Bhd.
• Roderick M. Vega, Partner, SGV & Co
• Stacy Chai, Partner, Ernst & Young Advisory Pte. Ltd.
• Martin Tupila, Partner, Ernst & Young Advisory Pte. Ltd.
• Hiranthi Fonseka, Partner, Ernst & Young LLP
• Wilaiporn Ittiwiroon, Partner, EY Corporate Services Ltd.
• Saman Wijaya Bandara, Partner, Ernst & Young Vietnam Ltd.
Event details
Date: 10 November 2022 (Thursday)
Time: 4:00 p.m. to 5:30 p.m. (GMT +8)
Registration: https://info.ey.com/Asean-ABAC-webinar_Registration.html
You will receive a confirmation email if your registration is successful.
Enquiries
For enquiries, please contact Rachel Low.
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIETNAM EXPANDS INLAND CONTAINER DEPOT NETWORK TO 19
The two newly added ICDs are Cai Mep in HCMC and Tan Cang-Moc Bai (phase one) in Tay Ninh Province. Cai Mep ICD, located in Cai Mep Industrial Park in Tan Phuoc Ward, HCMC and developed by Cai Mep International Logistics JSC, covers 9.15 hectares and has an annual handling capacity of about 133,000 TEUs, according to the Government news site (baochinhphu.vn).
BANKING / FINANCE / INSURANCE / TAX
HCMC CREDIT UP 1.5% IN Q1
Outstanding loans in the city reached an estimated VND5.28 quadrillion, up 0.77% from the previous month and 16.25% year-on-year, data from the State Bank of Vietnam’s Regional Branch 2 showed. Vietnam dong loans accounted for 96.1% of total credit and rose 1.46% from the end of 2025. Medium- and long-term lending made up 55% of total outstanding loans and increased 3.22%.
VIETNAM ECONOMY INVESTMENT
HCMC TO ESTABLISH CULTURAL INDUSTRY DEVELOPMENT FUND
The HCMC People’s Committee has tasked relevant departments with establishing a cultural industry development fund and developing a 150-hectare film studio complex. The move follows an instruction by HCMC Party Committee Secretary Tran Luu Quang. The city’s cultural industry development fund will be structured under a venture capital model.
HR / LABOUR/ EMPLOYMENT
EMPLOYEES’ AVERAGE INCOME INCREASES
Average monthly income of workers in the first quarter reached VND9 million, up 3.8% from the previous quarter and 8.5% from a year earlier, according to the National Statistics Office. Male workers earned an average of VND10.1 million per month, compared with VND7.7 million for female workers. In urban areas, average income reached VND10.7 million per month, while in rural areas it was VND7.9 million.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC KICKS OFF OVER 10 PROJECTS DURING APRIL
Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.
HOSPITALITY / TOURISM / ENTERTAINMENT
VIETNAM’S Q1 FOREIGN TOURIST ARRIVALS HIT RECORD HIGH
Vietnam welcomed nearly 2.1 million international visitors in March, bringing first quarter foreign tourist arrivals to 6.76 million, up 12.4% year-on-year and marking a record high for the period, the national authority for tourism said. Air travel accounted for 82.3% of international arrivals, followed by land at 15.5% and sea at 2.2%, according to the Vietnam National Authority of Tourism.
Events Sponsors
