Vietnam’s president resigned in the latest episode of the ruling Communist Party’s “blazing furnace” anti-corruption campaign, and Vice President Vo Thi Anh Xuan was named acting president.
Xuan’s appointment as acting president until the National Assembly meets to elect a new president is a rare instance of a woman ascending to a top political post in the Southeast Asian country. Reports in Vietnam’s state media say Xuan studied chemistry teaching and holds a master’s degree in public administration. She initially rose in party ranks as a leader of the women’s union in southern Vietnam’s An Giang province.What is the likely impact of this reshuffle?
Analysts say the anti-corruption campaign has paid some dividends in cracking down on illegal fees and other costs for domestic businesses. But it has also brought on a flurry of scandals and raised political uncertainty. Economic growth slipped to 5.1% last year from 8% in 2022, as exports slowed.
Source: Financial Digest (financialdigest.net)
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