Vietnam's president resigns in latest twist of anti-graft campaign shaking its fast-growing economy
Vietnam's president has resigned as the ruling communist party in the latest episode of a “blazing furnace” anti-corruption campaign
BANGKOK (AP) — 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.
The appointment is Xuan's second stint as acting president after she stepped in when Vo Van Thuong's predecessor resigned in early 2023. The turmoil among top leaders is raising questions about Vietnam’s political stability as its fast-growing economy plays an increasingly important role in world supply chains.
Vietnam depends heavily on exports and foreign investment, but its leaders have been tightening the party's grip on power and cracking down on dissent as well as widespread corruption. Analysts say the turnover in leadership pinned to the anti-graft campaign also stems from rivalries within the ruling party.
