President Biden recently traveled to Vietnam.
One purpose of the visit was to “elevate [the U.S.] relationship to Vietnam’s highest designation for foreign partners – a comprehensive strategic partnership – from its lowest.” (See here for the Wall Street Journal article).
According to the article, “while the new status is symbolic, it is aimed at giving American companies, including defense contractors, reassurance that the recent warming relations will endure, and promote Vietnam as a dependable location for U.S. manufacturing operations abroad.”
This is the latest example (see here for a similar recent post) of the U.S. government promoting doing business in a country with high levels of perceived corruption and a country that has been the focus of numerous FCPA enforcement actions.
Set forth below are the general details of fourteen FCPA enforcement actions (all since 2008) which have involved (in whole or in part) conduct in Vietnam.