What occurred
Vietnamese President Vo Van Thuong abruptly stepped down amid a rising corruption scandal, the nation’s Communist Occasion introduced on Wednesday. His resignation comes one yr after his predecessor, Nguyen Xuan Phuc, resigned over allegations of misconduct in his administration.
Who stated what
Thuong’s “violations and flaws have negatively affected public notion in addition to the repute of the occasion and the state,” Vietnam’s Communist Occasion Central Committee stated.Â
Thuong’s departure is a “worrying signal for political stability” in Vietnam, The Related Press stated. It comes after the federal government “ramped up efforts to weed out wrongdoing amongst senior management,” Bloomberg stated. Traders are “turning into nervous because the corruption crackdown drags on and expands to non-public companies,” the Monetary Occasions stated.
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What subsequent?
Vietnam’s legislature on Thursday appointed Vice President Vo Thi Anh Xuan as appearing president, and he’ll serve “till the occasion decides the subsequent candidate,” Reuters stated.
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