New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

Vietnam appoints fourth president in nearly two years after months of political turmoil

by admin October 22, 2024
October 22, 2024
Vietnam appoints fourth president in nearly two years after months of political turmoil

Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the largely ceremonial role in 18 months.

Cuong, 67, was elected by the National Assembly to replace To Lam, who remained president even after he was formally appointed as the general secretary of the ruling Communist Party in August.

The role of the general secretary is the most powerful position in Vietnam while the presidency is mostly ceremonial and involves meeting foreign dignitaries.

Cuong in a speech vowed to conduct foreign policies that sought independence and peace and to promote Vietnam “as a friend, a trusted partner, an active and responsible member of the international community.”

Cuong, who has served in the Vietnamese army for over four decades, has been a Politburo member since 2021.

His appointment took place after months of uncharacteristic tumult in Vietnam’s politics and the death of former party general secretary Nguyen Phu Trong, who had dominated the country’s leadership since 2011.

Trong was an ideologue who viewed corruption as the single gravest threat in maintaining the party’s legitimacy and launched a sweeping anti-graft campaign known as the “blazing furnace.” It singled both business and political elites, including former presidents Nguyen Xuan Phuc and Vo Van Thuong and the former head of parliament, Vuong Dinh Hue.

As Vietnam’s top security official at the time, Lam had led the campaign until May. When he became the new general secretary, he promised to maintain the anti-corruption fight.

The campaign, albeit popular with many Vietnamese citizens, had spooked investors and made the bureaucracy more cautious, slowing down decision-making in the country.

The appointment of Cuong as the new president was a “move to stabilize the system” after the period of turbulence, said Nguyen Khac Giang, a visiting fellow in the Vietnam Studies Program at Singapore’s ISEAS–Yusof Ishak Institute.

“Luong Cuong’s appointment represents a deliberate attempt to restore balance between Vietnam’s military and security factions, particularly ahead of the 2026 Party Congress,” he said.

“By ceding the presidency, To Lam shows his commitment to the collective leadership principle, while still retaining the decisive power in the system,” he said.

Vietnam’s leaders are next due to convene a Communist Party Congress in early 2026.

Critics said that Cuong’s appointment would expand repression in Vietnam.

Ben Swanton of The 88 Project, a group that advocates for freedom of expression in Vietnam, said that Cuong would be a “reliable deputy” to Lam.

“The installation of Luong Cuong as president is yet another example of the expansion of Vietnam’s police state,” he said.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Monkeys killed by soil infection at Hong Kong zoo, officials say
next post
The West wants Putin isolated. A major summit he’s hosting shows he’s far from alone

Related Posts

Putin promised to make Ukraine pay for its...

June 9, 2025

Tropical Cyclone Alfred whips up wind, rain on...

March 7, 2025

Inside the US effort to bring home two young American...

May 31, 2024

Shanghai slammed by Typhoon Bebinca, strongest storm to...

September 16, 2024

Why Europe’s youth are flirting with the far-right

June 26, 2024

In public, they ran a successful global business....

February 2, 2025

Who was freed in major prisoner swap between...

August 2, 2024

New Zealand police renew hunt for fugitive father...

March 12, 2025

Lowitja O’Donoghue, trailblazer for indigenous Australian rights, dead...

February 26, 2024

Israel strikes Yemen for the first time following...

July 21, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • White House reveals highest-paid staffers–and 8 taking no salaries

      July 3, 2025
    • Trump $3.3T megabill sets House record for longest vote in history

      July 3, 2025
    • Iran nuclear program set back 2 years after US strikes: Pentagon

      July 3, 2025
    • Airlines secretly sold US travelers’ data to Homeland Security

      July 3, 2025
    • White House reveals highest-paid staffers – and 8 taking no salaries

      July 3, 2025
    • Jeffries stalls Trump’s ‘big, beautiful bill’ for hours after House GOP mutiny breakthrough

      July 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,397)
    • Investing (3,435)
    • Politics (4,507)
    • World (4,410)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved