Vietnam's National Assembly has elected Party Chief To Lam as State President, formally concentrating supreme power in one leader for the first time in decades, while appointing former central banker Le Minh Hung as the new Prime Minister.
HANOI, April 7 (Reuters) – Vietnam's National Assembly on Tuesday elected former State Bank Governor Le Minh Hung as the nation's Prime Minister, entrusting him with steering the economy for a five-year term amid regional uncertainties and domestic reform pressures.
Vietnam has become the first Southeast Asian nation to implement a comprehensive law regulating artificial intelligence, introducing rules for human oversight, content labeling, and transparency that align with global standards while aiming to fuel its digital economy ambitions.
Vietnam's benchmark VN Index surged 4.7% to a multi-month high, fueled by FTSE Russell's formal confirmation of its long-awaited upgrade to emerging market status and a temporary US-Iran ceasefire easing global risk sentiment.
Vietnam is drafting regulations to block access to foreign cryptocurrency exchanges, aiming to redirect its massive retail trading volume to a new, tightly controlled domestic market. The move threatens the dominance of global giants like Binance and could reshape one of the world's most active crypto landscapes.
Once a global hotspot for cryptocurrency adoption, Vietnam is grappling with a severe market downturn that has wiped out savings, shuttered startups, and tested the government's pioneering regulatory approach. From university dorm rooms to corporate boardrooms, the promise of digital wealth has collided with a harsh new reality.
Vietnam's National Assembly has unanimously elected Communist Party General Secretary To Lam as state president, granting him unprecedented authority and marking a decisive move away from the country's traditional model of collective leadership.
Hanoi and Moscow have signed a pivotal agreement to advance the long-delayed construction of Vietnam's first nuclear power plant, a move aimed at bolstering the Southeast Asian nation's energy security as global fuel markets remain volatile.
Vietnam's government urges businesses to adopt work-from-home policies as a fuel-saving measure, following severe supply disruptions and soaring prices linked to the Iran conflict.
A landmark partnership between Abu Dhabi's G42 and a major Vietnamese consortium, backed by up to $1 billion in investment, aims to establish Vietnam as a regional AI hub through new data centers, cloud capacity, and national training programs.
Vietnamese President To Lam will make his first overseas trip to China from April 14-17, meeting with Chinese President Xi Jinping, in a visit set to shape bilateral relations amid regional dynamics.
Under the consolidated leadership of General Secretary To Lam, Vietnam is accelerating a historic infrastructure blitz, from the world's largest stadium to a high-speed rail network. While aimed at securing double-digit growth and upper-middle-income status, the $200 billion spree raises concerns over debt, displacement, and the risk of creating white elephants.
HANOI, March 23 (Reuters) – Vietnam's ruling Communist Party opened a pivotal week-long plenum on Monday, poised to nominate the nation's top leadership for the 2026-2031 term, including the roles of state president, prime minister, and National Assembly chair.
As Vietnam's government prepares to restrict access to foreign cryptocurrency platforms, a handful of major domestic companies are vying to launch the country's first regulated digital asset exchanges, aiming to capture a slice of one of the world's most active retail crypto markets.
Vietnam's airlines are preparing for potential flight cuts from April after China and Thailand suspended jet fuel exports, a move triggered by the Iran conflict that threatens to ground parts of the country's booming travel industry.
Millions of Vietnamese citizens are casting their votes today to elect a new National Assembly, a key political event set to shape the country's legislative direction for the next five years.
Nearly 79 million Vietnamese voters went to the polls Sunday to elect a new National Assembly, solidifying the political direction set by the ruling Communist Party earlier this year. The vote comes as the Southeast Asian nation pursues aggressive economic growth targets while navigating global trade headwinds.
As Vietnam holds elections for its National Assembly and local councils, the ruling Communist Party fields the overwhelming majority of candidates, ensuring its continued dominance in the one-party state's political structure.
Vietnam holds parliamentary elections on Sunday, with the ruling Communist Party set to maintain its dominance over the legislature. The vote comes as the country balances rapid economic development with its one-party political system.
New U.S. data reveals Vietnam recorded the world's largest trade surplus with the United States in January, fueled by a sharp rise in exports as direct shipments from China fell. The widening gap complicates ongoing trade negotiations between Washington and Hanoi.
