What's behind Vietnam's corruption crackdown?HANOI (Reuters) - Vietnam s crackdown on high level corruption has led to the arrest of dozens of officials from state oil firm PetroVietnam and the banking sector. As well as shedding light on graft, mismanagement and nepotism within state firms at a time privatization is accelerating, the arrests show the ascendancy of a more conservative faction within the ruling Communist Party. How many people are involved? At least 51 have been arrested across PetroVietnam and the banking sector. Some have been tried and sentenced already. The most senior figure arrested is former PetroVietnam Chairman Dinh La Thang. He is the first former politburo member to face prosecution in decades. Neither he nor his lawyer was available for comment. Germany has accused Vietnam of kidnapping one PetroVietnam suspect, Trinh Xuan Thanh. More than 100 other officials are also under threat of prosecution or have been demoted or fired. What is PetroVietnam? PetroVietnam is a tangled enterprise of 15 direct units, 18 subsidiaries and 46 affiliates in which it owns smaller stakes. Hundreds of millions of dollars in losses have been racked up at units ranging from banks to construction firms and power plants to textile mills. The scandals at PetroVietnam are connected to the banking sector through a deal in which the oil firm lost $35 million in an investment in Ocean Bank. The lender s former chief executive - a previous PetroVietnam chairman - was sentenced to death. What does the crackdown mean politically? It shows a concerted effort to rein in large-scale corruption through which some officials had secured massive personal wealth and tarnished the ruling party s image. But it has also allowed the current Communist Party leadership to strengthen its hand under General Secretary Nguyen Phu Trong after winning out in a power struggle with former prime minister Nguyen Tan Dung last year. Whether or not the arrests go even higher, Trong s supremacy is assured through a term that lasts until 2021 and the faction is better placed to maintain its dominance even beyond. What divides the different groups in the ruling party? Although the party presents a public image of unity, there are diverse views on everything from the pace and openness of reforms to Vietnam s delicate diplomatic balancing between China, the United States and other powers. What best characterizes the current leadership is conservatism in preserving the party s absolute authority in close alignment with the security establishment. It marks a change of style from the leadership under Dung and his allies, some of whom emerged as personalities in their own right and showed signs of readiness for greater political openness. Alongside the corruption arrests, Vietnam has also arrested more bloggers, activists and other critics this year than in any other since a 2011 crackdown on youth activists. How popular is the corruption crackdown? Few tears are shed in Vietnam over the arrests of former officials, but there is also scepticism over the real motives. The day-to-day corruption of low-level officials and police is still a factor of Vietnamese life. What impact has this had on PetroVietnam? PetroVietnam s net profit margin in 2016 was its lowest in at least seven years at just over 7 percent from over 15 percent in 2009. The company told Reuters the oil price was the biggest factor, but it has also said failed projects, wrongdoing by officials and the investigations themselves had an impact.  PetroVietnam s shares are not listed on a stock exchange, but some of its units have underperformed its Thai peer PTT since 2009. What does this mean for reform and privatization? Although the crackdown points to the political strengthening of the party, the leadership has shown less sign of delaying economic reform than the previous administration. Facing pressure because of its budget deficit, the government has accelerated plans to sell major stakes in the most attractive assets - brewery Sabeco and Vinamilk. It is also selling stakes in three units of PetroVietnam. Some economic and business analysts believe the fear among officials of being branded corrupt could further hold up bureaucratic decision making in state-run firms and ministries. ($1=22,710 dong) worldnews
what behind vietnam corruption crackdown hand reuters vietnam crackdown high level corruption led arrest dozens officials state oil firm petrovietnam banking sector as well shedding light graft mismanagement nepotism within state firms time privatization accelerating arrests show ascendancy conservative faction within ruling communist party how many people involved at least arrested across petrovietnam banking sector some tried sentenced already the senior figure arrested former petrovietnam chairman dish la than he first former politburo member face prosecution decades neither lawyer available comment germany accused vietnam kidnapping one petrovietnam suspect think juan than more officials also threat prosecution demoted fired what petrovietnam petrovietnam tangled enterprise direct units subsidiaries affiliates owns smaller stakes hundreds millions dollars losses racked units ranging banks construction firms power plants textile mills the scandals petrovietnam connected banking sector deal oil firm lost million investment ocean bank the lender former chief executive previous petrovietnam chairman sentenced death what crackdown mean politically it shows concerted effort rein corruption officials secured massive personal wealth vanished ruling party image but also allowed current communist party leadership strengthen hand general secretary nguyen hu trong winning power struggle former prime minister nguyen tan dung last year whether arrests go even higher trong supremacy assured term lasts faction better placed maintain dominance even beyond what divides different groups ruling party although party presents public image unity diverse views everything pace openness reforms vietnam delicate diplomatic balancing china united states powers what best characterizes current leadership conservatism preserving party absolute authority close alignment security establishment it marks change style leadership dung allies emerged personalities right showed signs readiness greater political openness alongside corruption arrests vietnam also arrested bloggers activists critics year since crackdown youth activists how popular corruption crackdown few tears shed vietnam arrests former officials also scepticism real motives the corruption officials police still factor vietnamese life what impact petrovietnam petrovietnam net profit margin lowest least seven years percent percent the company told reuters oil price biggest factor also said failed projects wrongdoing officials investigations impact petrovietnam shares listed stock exchange units underperformed thai peer put since what mean reform privatization although crackdown points political strengthening party leadership shown less sign delaying economic reform previous administration facing pressure budget deficit government accelerated plans sell major stakes attractive assets brewery saber vinamilk it also selling stakes three units petrovietnam some economic business analysts believe fear among officials branded corrupt could hold bureaucratic decision making firms ministries dong worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: What's behind Vietnam's corruption crackdown?HANOI (Reuters) - Vietnam s crackdown on high level corruption has led to the arrest of dozens of officials from state oil firm PetroVietnam and the banking sector. As well as shedding light on graft, mismanagement and nepotism within state firms at a time privatization is accelerating, the arrests show the ascendancy of a more conservative faction within the ruling Communist Party. How many people are involved? At least 51 have been arrested across PetroVietnam and the banking sector. Some have been tried and sentenced already. The most senior figure arrested is former PetroVietnam Chairman Dinh La Thang. He is the first former politburo member to face prosecution in decades. Neither he nor his lawyer was available for comment. Germany has accused Vietnam of kidnapping one PetroVietnam suspect, Trinh Xuan Thanh. More than 100 other officials are also under threat of prosecution or have been demoted or fired. What is PetroVietnam? PetroVietnam is a tangled enterprise of 15 direct units, 18 subsidiaries and 46 affiliates in which it owns smaller stakes. Hundreds of millions of dollars in losses have been racked up at units ranging from banks to construction firms and power plants to textile mills. The scandals at PetroVietnam are connected to the banking sector through a deal in which the oil firm lost $35 million in an investment in Ocean Bank. The lender s former chief executive - a previous PetroVietnam chairman - was sentenced to death. What does the crackdown mean politically? It shows a concerted effort to rein in large-scale corruption through which some officials had secured massive personal wealth and tarnished the ruling party s image. But it has also allowed the current Communist Party leadership to strengthen its hand under General Secretary Nguyen Phu Trong after winning out in a power struggle with former prime minister Nguyen Tan Dung last year. Whether or not the arrests go even higher, Trong s supremacy is assured through a term that lasts until 2021 and the faction is better placed to maintain its dominance even beyond. What divides the different groups in the ruling party? Although the party presents a public image of unity, there are diverse views on everything from the pace and openness of reforms to Vietnam s delicate diplomatic balancing between China, the United States and other powers. What best characterizes the current leadership is conservatism in preserving the party s absolute authority in close alignment with the security establishment. It marks a change of style from the leadership under Dung and his allies, some of whom emerged as personalities in their own right and showed signs of readiness for greater political openness. Alongside the corruption arrests, Vietnam has also arrested more bloggers, activists and other critics this year than in any other since a 2011 crackdown on youth activists. How popular is the corruption crackdown? Few tears are shed in Vietnam over the arrests of former officials, but there is also scepticism over the real motives. The day-to-day corruption of low-level officials and police is still a factor of Vietnamese life. What impact has this had on PetroVietnam? PetroVietnam s net profit margin in 2016 was its lowest in at least seven years at just over 7 percent from over 15 percent in 2009. The company told Reuters the oil price was the biggest factor, but it has also said failed projects, wrongdoing by officials and the investigations themselves had an impact.  PetroVietnam s shares are not listed on a stock exchange, but some of its units have underperformed its Thai peer PTT since 2009. What does this mean for reform and privatization? Although the crackdown points to the political strengthening of the party, the leadership has shown less sign of delaying economic reform than the previous administration. Facing pressure because of its budget deficit, the government has accelerated plans to sell major stakes in the most attractive assets - brewery Sabeco and Vinamilk. It is also selling stakes in three units of PetroVietnam. Some economic and business analysts believe the fear among officials of being branded corrupt could further hold up bureaucratic decision making in state-run firms and ministries. ($1=22,710 dong) worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: what behind vietnam corruption crackdown hand reuters vietnam crackdown high level corruption led arrest dozens officials state oil firm petrovietnam banking sector as well shedding light graft mismanagement nepotism within state firms time privatization accelerating arrests show ascendancy conservative faction within ruling communist party how many people involved at least arrested across petrovietnam banking sector some tried sentenced already the senior figure arrested former petrovietnam chairman dish la than he first former politburo member face prosecution decades neither lawyer available comment germany accused vietnam kidnapping one petrovietnam suspect think juan than more officials also threat prosecution demoted fired what petrovietnam petrovietnam tangled enterprise direct units subsidiaries affiliates owns smaller stakes hundreds millions dollars losses racked units ranging banks construction firms power plants textile mills the scandals petrovietnam connected banking sector deal oil firm lost million investment ocean bank the lender former chief executive previous petrovietnam chairman sentenced death what crackdown mean politically it shows concerted effort rein corruption officials secured massive personal wealth vanished ruling party image but also allowed current communist party leadership strengthen hand general secretary nguyen hu trong winning power struggle former prime minister nguyen tan dung last year whether arrests go even higher trong supremacy assured term lasts faction better placed maintain dominance even beyond what divides different groups ruling party although party presents public image unity diverse views everything pace openness reforms vietnam delicate diplomatic balancing china united states powers what best characterizes current leadership conservatism preserving party absolute authority close alignment security establishment it marks change style leadership dung allies emerged personalities right showed signs readiness greater political openness alongside corruption arrests vietnam also arrested bloggers activists critics year since crackdown youth activists how popular corruption crackdown few tears shed vietnam arrests former officials also scepticism real motives the corruption officials police still factor vietnamese life what impact petrovietnam petrovietnam net profit margin lowest least seven years percent percent the company told reuters oil price biggest factor also said failed projects wrongdoing officials investigations impact petrovietnam shares listed stock exchange units underperformed thai peer put since what mean reform privatization although crackdown points political strengthening party leadership shown less sign delaying economic reform previous administration facing pressure budget deficit government accelerated plans sell major stakes attractive assets brewery saber vinamilk it also selling stakes three units petrovietnam some economic business analysts believe fear among officials branded corrupt could hold bureaucratic decision making firms ministries dong worldnews