Tough job ahead for former top cop now set to be Vietnam's new president; main job to calm down investors

Tough job ahead for former top cop now set to be Vietnam 's new president; main job to calm down investorsHANOI : Vietnam 's Communist Party has nominated public security minister To Lam to be the country's new president, state media said Saturday, after his predecessor resigned as part of a sweeping anti-graft purge.

Unprecedentedly for one-party nation once known for its stable politics, two state presidents and a parliament speaker have stepped down in less than 18 months, all for unspecified"wrongdoing" amid a major anti-graft campaign which is unnerving foreign investors because of its chilling effect on bureaucracy.

Tran Thanh Man, 61, was also nominated as the new head of Vietnam's National Assembly, state media said, becoming one of the country's four most powerful leaders. All top leadership"must be truly united, truly exemplary, wholehearted and devoted to the common cause", VNA reported the central committee as saying.On Thursday, Truong Thi Mai also resigned. She was the permanent member of the secretariat in the central party committee -- the most important position in Vietnamese politics outside its four-pillar leadership structure.

The political upheaval is highly unusual in Vietnam, where for years all changes were carefully orchestrated with an emphasis on cautious stability.But analysts warn the turmoil may threaten the country's reputation for stability, which has helped it build a highly successful export-driven manufacturing economy, making products for major global brands.

According to Zachary Abuza, a professor at the National War College in Washington, Lam has weaponised anti-corruption investigations to and"systematically taken down rivals in the politburo who were eligible to become general secretary" of the Communist Party, the most powerful position in Vietnam's political system.

Source: Entertainment Trends (entertainmenttrends.net)

To Lam Tough Job Ahead As President

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