Live Bloomberg: A4 Việt Nam nộp đơn từ chức

• Communist party discussing parliament chair’s resignation
• President stepped down last month over some violations

http://bloom.bg/dg-ws-core-bcom-m1
By Bloomberg News
26 tháng 4, 2024 at 15:35 GMT+7
Updated on
26 tháng 4, 2024 at 15:53 GMT+7

Vietnam’s National Assembly Chairman Vuong Dinh Hue has submitted his resignation days after his assistant was held in relation to a corruption probe, people familiar with the matter said.
The Communist Party is discussing the resignation of Hue before deciding on whether to accept it, said the people, who declined to be identified citing the sensitivity of the matter.
Hue is the fourth most important leader in the party hierarchy in Vietnam’s “four pillar” leadership structure, with the Communist Party general secretary, president and prime minister completing the structure. The leaders govern in consultation with the Politburo.
His departure comes amid an anti-graft crackdown that saw the police detain his assistant earlier this week over a probe into a builder accused of bribing his way into winning deals.
The dong was little changed at 35,340 per dollar, hovering near a record low. The benchmark VN Index rose as much as 1% in Ho Chi Minh City trading Friday.
General Secretary Nguyen Phu Trong launched a sweeping purge on corruption that’s snared at least 459 Communist Party members last year, besides others including from the world of business. Earlier this month, a property tycoon was sentenced to death over corruption — turning the spotlight on the Southeast Asian nation better known for being home to an economy growing at one of the region’s quickest pace.

Read: Vietnam Tycoon Lan Sentenced to Death Over $12 Billion Fraud
The anti-corruption campaign has claimed two deputy prime ministers and at least one president so far.
Last month, Vo Van Thuong resigned as president — the second to do so in 14 months, over unspecified violations. Now with Hue’s decision to leave, only two of four pillars remain — the general secretary and the prime minister. Still, the development isn’t expected to dent the country’s economic prospects or alter government policies, given the largely ceremonial nature of the posts left vacant.

— With assistance from Nguyen Dieu Tu Uyen, Quynh Nguyen, Nguyen Kieu Giang, Cecilia Yap, and Philip Heijmans

(Updates with details from the fourth paragraph.)

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