Economic Police Tasked with Strengthening Core Role in Combating Corruption and Economic Crimes

NA Chairman Tran Thanh Man has directed the Economic Police to reinforce their core role in the fight against corruption and economic crimes. The directive emphasizes the proactive adoption of scientific and technological advancements, the full leveraging of data analytics capabilities, and the enhancement of digital investigation and financial flow tracing. Chairman Man underscored the importance of the Economic Police taking the lead in identifying emerging risks to economic, financial, data, and supply chain security. This directive is seen as part of the Communist Party of Vietnam's broader efforts to promote cleaner and more efficient economic governance. Vietnam has been intensifying its crackdown on corruption and economic crimes amidst its rapid economic growth in recent years. Issues such as irregularities in the real estate and stock markets, and corruption among public officials have been highlighted, prompting the government to strengthen its regulatory and enforcement measures. The Economic Police are central to investigating such offenses. This instruction aims to boost the capabilities of the Economic Police and promote the adoption of more modern investigative techniques. The use of AI and big data for analysis, along with tracing financial transactions using blockchain technology, is likely to become crucial for future investigations. This represents a significant step for Vietnam in enhancing its credibility on the international stage and achieving sustainable economic development.