Vietnam's president resigns amid an intense anti-corruption campaign
Vietnam's President Vo Van Thuong resigns amid anti-corruption campaign and concerns about political stability.
- Bilawal Riaz
- 1 min read
Vietnam’s President Vo Van Thuong has resigned after a little over a year in office amid an intense anti-corruption campaign affecting high-ranking members of the Communist Party. The party accepted his resignation, citing violations that tarnished their reputation. He is the second president to resign in two years, raising concerns about political stability in Vietnam, a key player in the U.S.-China competition. His resignation came amidst rumors and arrests related to corruption cases. The anti-corruption campaign, spearheaded by the Communist Party general secretary, Trong, has influenced political dynamics in the country and raised worries about the business environment. Speculation about political changes surfaced after the postponement of foreign visits and a surge in trading volume on Vietnam’s stock exchanges.