Vietnam's Leadership Stirred, Not Shaken
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May 06, 2021
Vietnam’s National Assembly has named a new president and a new prime minister, developments that analysts say will safeguard the 6.5%-7.0% annual growth rates laid out in the country’s Five-Year Plan and cement Vietnam’s position as one of Asia’s fastest-growing economies. The economy expanded a noteworthy 4.5% year-on-year in the first quarter and could grow by 10% year-on-year this year, according to Capital Economics.
The April announcement follows January’s decision by Vietnam’s Communist Party to re-elect Nguyen Phu Trong as general secretary for a rare third term. Nguyen's post is widely considered