"Vietnam's ruling Communist Party has renewed its leadership and endorsed an ambitious reform program after its National Congress in Hanoi last week. The congress, which is held once every five years and sets Vietnam's political direction and economic targets, wrapped up nearly two days earlier than expected. This likely indicated that no divisions emerged within the party over leadership positions."
"Although no formal announcement was made, the composition of the newly-elected Politburo, Vietnam's highest decision-making body, "strongly suggests" that To Lam is poised to also become president, said Le Hong Hiep, a senior fellow at the ISEASYusof Ishak Institute's Vietnam Studies Program in Singapore. Unlike in China, where the analogous two roles have been merged for decades, it is incredibly rare for a Vietnamese leader to hold two of the country's most important positions."
Vietnam's Communist Party completed its National Congress early, signaling unity, and renewed its leadership while reelecting To Lam as general secretary for another five-year term. The newly-elected Politburo composition indicates To Lam may also assume the presidency, a rare concentration of power in Vietnam. To Lam, previously public security minister and anti-corruption enforcer, has placed allies from the security services and Hung Yen province into influential roles. He committed to 10% economic growth over the next five years and pledged to pivot from low-cost manufacturing toward innovation and efficiency to reach high-middle-income status by 2030.
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