Corruption in Vietnam

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Matthew Barnett Corruption in Vietnam International Marketing December 31, 2015 1. List all the different types of bribes, payments, or favors represented in this case under (a) FCPA, (b) Criminal Law of PRC, and (c) Law against Unfair Competition of the PRC. Why is each either legal or illegal? In this case we learn of different types of payments and bribes they use to go around the law. One type of bribe is a cash payment which is illegal. A cash payment is funding something by throwing cash at them making do illegal action. Another type of favor is is black markets. Black markets are a way of engaging in transactions to gain a competitive advantage on import and export goods. Another favor is gifts. Gifts are illegal,…show more content…
Also, if the government was to share with the public the information about the corruption and the punishments handed down for all this will make them way more aware and make them conscious of what’s going on. (Corruption in Vietnam pg.2) 5. In your view, which of the expenses detailed in the lawsuit could be in violation of the FCPA, and which could be legitimate business expenses as the American Company contends? Discuss. The American company got an advantage over the Chinese company because of the price of the contract. This is a non-monetary benefit, which allows the officials to get the contract. The American company had a secret business transaction the moved money the Chinese government to make sure that the deal would be profitable. An example of what the American company that would violate the rules of the FCPA was, paying millions of dollars fees for the number of gifts and services they provided to the Chinese government. The American government also provided family vacations to members of the Chinese government. Those are gifts/services/bribes that are illegal under the FCPA and make companies look sneaky like they are going behind peoples back to make money. (Corruption in Vietnam pg.3) 6. Discuss the legal/ethical issues raised by the comments by the retired Foreign Service agent and the consultant. Retired Foreign Service agent tells us how
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