Connect with us

Hi, what are you looking for?


Vietnam legislature approves resignation of president

HANOI — Vietnam’s legislature on Thursday approved the resignation of President Vo Van Thuong, state media reported, the latest top official to step down amid an intensified anti-graft crackdown by the ruling Communist Party.

Vo Van Thuong, 53, became the second president to resign in just over a year in Vietnam, where leadership changes have recently been all linked to the wide-ranging “blazing furnace” anti-bribery campaign.

The state media reports made no mention of who would replace Thuong. According to Vietnam’s constitution, Vice President Vo Thi Anh Xuan would serve in the position.

The national assembly office did not immediately respond to calls seeking confirmation of the reports.

The president holds a largely ceremonial role but is one of the top four political positions in the Southeast Asian nation.

Thursday’s vote by the rubber-stamp National Assembly is largely a procedural step, after the party’s central committee on Wednesday accepted Thuong’s resignation, removing him from the Politburo, its top decision-making body, and his position of head of the National Defense and Security Council.

The committee said Thuong, 53, violated party rules, adding that those “shortcomings had negatively impacted public opinion, affecting the reputation of the Party, State and him personally,” without specifying what he had done wrong.

Xuan, one of only a few women in senior positions in Vietnamese politics, will step up to the role of president for the second time in just over a year. — Reuters

You May Also Like


Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...


Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...


The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...


NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Disclaimer:, 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 © 2024