“Establishment and Operation of Whistleblower Systems in Vietnam”: Vietnam Team

Establishment and Operation of Whistleblower　Systems in Vietnam

1. Introduction

In recent years, there has been increasing urgency (particularly for listed companies) to establish robust global compliance frameworks in response to the growing emphasis on ESG (Environmental, Social, and Governance) principles and heightened expectations for managing reputational risk.
Among these risks, bribery involving foreign public officials is subject to stringent regulation not only in Japan but also across jurisdictions worldwide, necessitating a highly cautious and strategic approach. Vietnam, in particular, has been recognized as a high-risk jurisdiction for bribery and other forms of corruption, making it essential for global companies operating there to implement effective preventive measures.
In this regard, the adoption of a whistleblower system and its proper maintenance can serve as a powerful mechanism to enhance anti-corruption efforts. For instance, according to Occupational Fraud 2024: A Report to the Nations, published by the Association of Certified Fraud Examiners (ACFE), 43 % of the 1,913 investigated fraud cases were uncovered through whistleblower tips.
This article outlines the legal framework governing whistleblower systems that Japanese companies operating in Vietnam should be aware of and provides practical guidance for implementing and managing such systems effectively in the local context.

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【Contents】

1. Introduction

2. Types of Whistleblower Systems

3. Whistleblower system that Japanese companies must comply with in Vietnam

4. Key Considerations for Implementing a Whistleblower System

5. Conclusion

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