Le Dang Doanh, an economist and former government adviser in Hanoi, believes that the recent changes in Vietnam’s leadership will help stabilize the government after To Lam’s departure as president. The party leadership is rearranging officials to ensure efficient governance and prepare for the upcoming Party Congress.
The National Assembly will vote in October on a candidate for the presidency, following the party’s nomination. This move follows a shift in Vietnam’s political structure to separate key leadership roles, preventing concerns of power consolidation.
To Lam’s commitment to fighting corruption and streamlining bureaucracy has garnered public support, despite concerns over government paralysis due to ongoing investigations. However, his pragmatic approach is seen positively by foreign investors.
“Vietnamese businesspeople have shared a view on social media that parts of the government are paralyzed by a fear of being caught up in the anti-corruption investigations.”