<\/a><\/p>\nThe ideologically conservative Trong has held the position since 2011 and Thuong\u2019s departure highlights the reach of the anti-corruption drive that has been Trong\u2019s \u201cmost important legacy,\u201d Giang added.<\/p>\n
Concerns about Trong\u2019s health mean the largely ceremonial position of the president is crucial. The position is ranked third in terms of political power but is second in the official hierarchy and in line for the top job, Giang said.<\/p>\n
\u201cUntil now, no one … wanted to take the presidency position as it lacked power. But at the same time, that position will put someone in a very good position to run for the next party\u2019s leadership position,\u201d he said.<\/p>\n
Thuong resigned days after the former head of central Vietnam\u2019s Quang Ngai province was arrested on allegations of corruption that date from Thuong\u2019s time as party chief in the province. The former head was part of an investigation into a real estate firm Phuc Son Group for alleged forgery.<\/p>\n
The fact that the alleged violations were reported by the Central Inspection Commission, the Communist Party\u2019s mechanism for carrying out the anti-corruption campaign, implied that Thuong was \u201cimplicated in the anti-corruption\u201d campaign, Giang said.<\/p>\n
Police are investigating two projects by the Phuc Son Group and say they\u2019ve found evidence of tax evasion of over $14 million, including the redevelopment of an old U.S. air base.<\/p>\n
Vietnam has tried to strike a balance between its larger neighbor China and the U.S. while positioning itself as an ideal home for businesses looking to shift their supply chains out of China. Last year, it was the only country that received both President Joe Biden and China\u2019s President Xi Jinping on state visits.<\/p>\n
The newly disclosed investigation is part of an anti-corruption drive Trong has described as a \u201cblazing furnace,\u201d and it has meant greater power for both state and party enforcement agencies. It also has helped cement the top leader\u2019s authority, but Giang said party factions have also sought to use it to purge rivals. <\/p>\n
Analysts have warned that the anti-corruption drive has hurt Vietnam\u2019s business environment<\/a>, making foreign investors jittery about unpredictable economic policies.<\/p>\nRumors of a potential political change flared after a state visit to Vietnam by the Dutch royal family was postponed due to \u201cdue to domestic circumstances,\u201d according to a statement from the Dutch Royal house. The World Bank president likewise put off a visit planned for this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
HANOI, Vietnam (AP) \u2014 Vietnam\u2019s Vice President Vo Thi Anh Xuan will serve as acting president after the previous president\u2019s resignation a year into the position, a Communist Party newspaper reported Thursday. Analysts said a permanent candidate was unlikely to be selected soon, underscoring the growing concerns among foreign investors about political instability in the […]<\/p>\n","protected":false},"author":7,"featured_media":3752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[293,294,2344,1146,53,1780,2654],"yoast_head":"\n
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