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☆ Tycoon’s death penalty in $12.5 billion fraud case highlights Vietnam’s corruption crisis
▼ + stars: | 2024-04-12 | by ( Heather Chen | ) edition.cnn.com time to read: +12 min

The scale of the fraud was said to be equivalent to roughly 3% of Vietnam’s economy. Though widely considered ceremonial, the presidency is one of the top three positions in Vietnam’s political hierarchy after the CPV’s Secretary General, currently Nguyen Phu Trong. In fact, the International Monetary Fund expects Vietnam’s economy to grow by 5.8% this year, compared to 4.6% for China. Their fate remains unclear, given the highly secretive nature of Vietnam’s political system. But Vietnamese political experts said a permanent appointment would not end the instability.

Persons: Truong My Lan, Van Thinh, siphoned, “, Eric Chu, Vietnam’s, Vo Van, Trong, Thuong, Vo Van Thuong, Richard A, Brooks, Nguyen Xuan Phuc, Pham Binh, Le Hong Hiep, Yusof, ” Hiep, ”, Thu, General Trong, Xi Jinping, ” Zachary Abuza, Salt Bae, Lam, ” Abuza, Nguyen Phu Trong, Evelyn Hockstein, Abuza, Bui Thanh Soh, ” Soh, Vo, Xuan, Thuong’s, Le Hong Organizations: CNN, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, SCB, Express, Communist Party, Institute, Crisis Group, National War College, Vietnamese Communist Party, Public Security, Vietnam, International Monetary Fund, Companies, Apple, Intel, Vietnam's Communist Party General, Yusof, Brookings Institution, “, Crisis Locations: Vietnam, Saigon, People’s, Ho Chi Minh City, Hong Kong, Duc, Singapore, Asia, China, Washington, “, London, Turkish, Hanoi, Bangkok

Now overseas demand is slumping amidst a local credit crunch and a corruption crackdown. A trade agreement and warmer relations with Washington spared its manufacturers from tariffs and sanctions applied to its northern neighbour. Now overseas demand is stuttering. Vietnam's exports of goods and services have been slowingFollow @KatrinaHamlin on TwitterCONTEXT NEWSVietnam's economy grew 8.02% in 2022, the fastest annual pace since 1997, according to data released by the country’s General Statistics Office on Dec. 29. Vietnamese exports were flat in February and fell 23.4% in January compared to a year earlier, according to Refinitiv data released on March 9.

☆ Vietnam parliament elects Vo Van Thuong as new state president
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

HANOI, March 2 (Reuters) - Vietnam's National Assembly on Thursday elected Vo Van Thuong as the country's new president, in a reshuffle of the country's top leadership amid a sweeping anti-graft campaign. In his first speech to the parliament as new president, Thuong said he will "resolutely" continue the fight against corruption. "I will be absolutely loyal to the fatherland, the people and the constitution, striving to fulfill the tasks assigned by the party, the state and the people," Thuong said in a statement that was broadcast on Vietnam's state television. Thuong was elected with 98.38% of the votes, according to the parliament's online portal. Reporting by Francesco Guarascio @fraguarascio, Khanh Vu and Phuong Nguyen, Editing by Ed Davies, Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Vietnam Communist Party nominates Vo Van Thuong as new president - sources
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

HANOI, March 1 (Reuters) - Vietnam's Communist Party has nominated Vo Van Thuong as the country's new president, two party sources said on Wednesday, following the sudden forced resignation in January of his predecessor as part of a sweeping anti-corruption campaign. Thuong, 52, is the youngest member of the party's Politburo, the country's top decision-making body, and is widely regarded as being close to General Secretary Nguyen Phu Trong, Vietnam's most powerful figure. Both the government and Communist Party said on Wednesday the party's Central Committee had agreed on a nomination for president, without naming the candidate. The president in Vietnam holds a largely ceremonial role, but is among the top four political figures in the country, together with the party's general secretary, the prime minister and the head of the national assembly. Speaking at a party meeting last month, Thuong said: "The people's lawful and legitimate interests must be the important starting point of all the Party's guidelines and policies".

☆ President of Vietnam resigns after being blamed for officials’ wrongdoing
▼ + stars: | 2023-01-17 | by ( ) www.nbcnews.com time to read: +1 min

HANOI, Vietnam — Vietnamese President Nguyen Xuan Phuc has submitted his resignation after the ruling Communist Party found him responsible for violations and wrongdoing of numerous officials under him, the country’s official news agency said on Tuesday. Phuc, 68, a former prime minister, has held the largely ceremonial position for less than two years. There was widespread speculation about Phuc’s resignation following January’s dismissals of two deputy prime ministers, who were working under him when he led the government. To become effective, Phuc’s resignation requires approval from the National Assembly. Vietnam has no paramount ruler and is officially led by four “pillars”: the powerful party’s secretary, the president, the prime minister and the chair of the parliament.

Summary Phuc blamed for conduct of officials under himPresident highest-profile casualty of graft crackdownPhuc's replacement unclearHundreds of officials hit by 'blazing furnace' campaignHANOI, Jan 17 (Reuters) - Vietnam President Nguyen Xuan Phuc has resigned after the ruling Communist Party blamed him for "violations and wrongdoing" by officials under his control while prime minister, the government said on Tuesday. Phuc, 68, who was premier from 2016-2021, has held the largely ceremonial position of president for less than two years and is the highest-ranking official targeted by the party's sweeping corruption crackdown. Vietnam has no paramount ruler and is officially led by four "pillars": the powerful party's secretary, the president, the prime minister and the chair of the legislature. Phuc was chosen in April 2021 to be president, and was widely tipped to succeed the party's General Secretary, the state's most prestigious job. "As prime minister for the 2016-2021 term, he has made great efforts in leading, directing and administering the COVID-19 epidemic prevention and control, achieving important results," it said.

☆ Samsung, LG plan multi-billion-dollar additional investment in Vietnam
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

NO ARCHIVES/File PhotoHANOI, Dec 6 (Reuters) - South Korean electronics giants Samsung (005930.KS) and LG (066570.KS) plan to pour billions of dollars of additional investment into Vietnam, state media reports and the Vietnamese government said on Tuesday. The announcement comes after Samsung cut smartphone production in Vietnam twice this year in response to weaker global demand. Samsung Electronics, the largest single foreign investor in Vietnam, will invest $2 billion more in the Southeast Asian country, raising its total to $20 billion, Vietnamese state media said. The additional investment will further firm up Vietnam as Samsung's key production site, reported Vietnam News Agency, following a meeting on Tuesday in Seoul between Vietnamese President Nguyen Xuan Phuc and the company's chief executive Han Jong-hee. The state media report and the government statement did not provide further details on the investment by the two companies.

☆ Factbox: What is APEC and which leaders are attending Bangkok summit?
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +5 min

[1/5] A general view outside of the Queen Sirikit National Convention Center venue during the Asia-Pacific Economic Cooperation (APEC) summit, at Asoke Junction, in Bangkok, Thailand November 17, 2022. The United States will be the APEC host in 2023. CHINA PRESIDENT XI JINPINGXi met Japanese Prime Minister Fumio Kishida in Bangkok on Thursday for talks. RUSSIA FIRST DEPUTY PRIME MINISTER ANDREI BELOUSOVBelousov will represent President Valadmir Putin at APEC. PAPUA NEW GUINEA PRIME MINISTER JAMES MARAPEMarape will hold meetings with U.S. State Secretary Antony Blinken.

☆ Factbox: Tokyo tightens security for slain Shinzo Abe's funeral
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Issei KatoTOKYO, Sept 25 (Reuters) - Japan's state funeral for former Prime Minister Shinzo Abe on Tuesday is under the spotlight as authorities seek to avoid the kind of security blunders exposed in his assassination in July. Japanese authorities – including Prime Minister Fumio Kishida - have acknowledged security flaws contributed to Abe's death. Canadian Prime Minister Justin Trudeau cancelled his planned attendance to focus on responding to a powerful storm. - The government plans to spend 1.65 billion yen ($11.5 million) on the funeral, including 800 million yen on security and 600 million yen to host foreign delegations. The high cost has partly fuelled a public backlash against the taxpayer-funded funeral at a time of economic hardship for many.

☆ Țara cu 97 de milioane de locuitori care nu a înregistrat niciun deces din cauza coronavirusului. Care a fost abordarea de succes
▼ + stars: | 2020-05-30 | by ( ) albasat.md time to read: +8 min

După trei săptămâni de carantină, Vietnamul a ridicat restricţiile de distanţare fizică la sfârşitul lunii aprilie. Cronologie:La începutul lunii ianuarie, screeningul temperaturii era deja în vigoare pentru pasagerii care soseau din Wuhan pe Aeroportul Internaţional din Hanoi. Pe 1 februarie, Vietnamul a declarat epidemie naţională, cu doar şase cazuri confirmate înregistrate în toată ţara. Toate zborurile dintre Vietnam şi China au fost oprite, măsură urmată a doua zi de suspendarea vizelor pentru cetăţenii chinezi. Efortul de urmărire a contactelor din Vietnam a fost atât de meticulos încât au fost luate în calcul şi persoanele de contact indirecte.

Persons: Guy Thwaites, Chi Minh, Dam, îşi, Nguyen Xuan Phuc, OMS, cela, Pham, Thwaites Organizations: CNN, Mediafax, Universităţii Oxford, OMS, Pham, Aeroportul, Vietnamul, Partidului Comunist Locations: Asia, Coreea de Sud, Taiwan, Hong Kong, Vietnam, China, Vietnamul, oraşul, Chi, ţării, Pham Quang Thai, Hanoi, Wuhan, Iran, Italia, Chinei, Vietnamului, străinătate

☆ The world's largest trade deal could be signed in 2020 — and the US isn't in it
▼ + stars: | 2019-11-12 | by ( Yen Nee Lee | ) www.cnbc.com time to read: +5 min

Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world's largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China's absence in the then U.S.-led TPP, which was slated to be the world's largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and released. Deborah Elms, executive director at consultancy Asian Trade Centre, told Reuters that would help Asian producers to sell more of their products to the rest of the region.

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