Zürcher Nachrichten - Vietnam's To Lam 'unanimously' re-elected party chief

EUR -
AED 4.300203
AFN 74.938572
ALL 96.041824
AMD 440.335601
AOA 1073.732152
ARS 1618.20269
AUD 1.652941
AWG 2.109117
AZN 1.993097
BAM 1.959689
BBD 2.355404
BDT 143.665101
BHD 0.441752
BIF 3477.628441
BMD 1.170919
BND 1.491673
BOB 8.081071
BRL 5.969695
BSD 1.169436
BTN 108.298692
BWP 15.752462
BYN 3.396728
BYR 22950.005873
BZD 2.352028
CAD 1.617747
CDF 2693.113378
CHF 0.924212
CLF 0.026507
CLP 1043.276762
CNY 7.999541
CNH 7.996099
COP 4279.180814
CRC 543.683573
CUC 1.170919
CUP 31.029345
CVE 110.653743
CZK 24.369218
DJF 208.095247
DKK 7.47198
DOP 70.694254
DZD 154.85044
EGP 62.162664
ERN 17.56378
ETB 182.610326
FJD 2.617825
FKP 0.871255
GBP 0.870935
GEL 3.143845
GGP 0.871255
GHS 12.897675
GIP 0.871255
GMD 86.647589
GNF 10274.811269
GTQ 8.946793
GYD 244.666581
HKD 9.172936
HNL 31.056028
HRK 7.530413
HTG 153.375681
HUF 376.450941
IDR 19978.15575
ILS 3.59168
IMP 0.871255
INR 108.144291
IQD 1532.059972
IRR 1540928.966161
ISK 143.390335
JEP 0.871255
JMD 184.899298
JOD 0.83016
JPY 185.98931
KES 151.341119
KGS 102.395079
KHR 4698.314584
KMF 492.956886
KPW 1053.77309
KRW 1726.853334
KWD 0.36172
KYD 0.974546
KZT 557.663818
LAK 25719.228214
LBP 104855.766899
LKR 368.996995
LRD 215.741321
LSL 19.120863
LTL 3.457419
LVL 0.708277
LYD 7.441183
MAD 10.886411
MDL 20.196597
MGA 4885.758288
MKD 61.571829
MMK 2458.671744
MNT 4186.327475
MOP 9.437049
MRU 46.848138
MUR 54.541673
MVR 18.09026
MWK 2033.885779
MXN 20.32545
MYR 4.663756
MZN 74.880462
NAD 19.121726
NGN 1594.967147
NIO 43.035955
NOK 11.11278
NPR 173.276083
NZD 1.997008
OMR 0.45022
PAB 1.169426
PEN 3.948922
PGK 5.062111
PHP 69.869835
PKR 326.715558
PLN 4.246956
PYG 7555.089723
QAR 4.269287
RON 5.092088
RSD 117.350666
RUB 90.89371
RWF 1711.297632
SAR 4.394135
SBD 9.424151
SCR 16.91011
SDG 703.721648
SEK 10.848322
SGD 1.489631
SLE 28.814898
SOS 669.175265
SRD 43.997851
STD 24235.652331
STN 24.549032
SVC 10.232437
SYP 129.449539
SZL 19.121524
THB 37.452967
TJS 11.127425
TMT 4.098215
TND 3.410282
TRY 52.163724
TTD 7.932844
TWD 37.1825
TZS 3038.533661
UAH 50.796656
UGX 4309.570668
USD 1.170919
UYU 47.464395
UZS 14267.496362
VES 555.503604
VND 30824.433908
VUV 139.965426
WST 3.242616
XAF 657.26976
XAG 0.015377
XAU 0.000245
XCD 3.164466
XCG 2.10771
XDR 0.817433
XOF 657.26976
XPF 119.331742
YER 279.351899
ZAR 19.154181
ZMK 10539.675023
ZMW 22.307555
ZWL 377.035333
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.0900

    22.59

    +0.4%

  • CMSC

    0.1000

    22.39

    +0.45%

  • BCC

    1.3500

    80.58

    +1.68%

  • JRI

    0.1300

    12.98

    +1%

  • RYCEF

    1.9500

    17.2

    +11.34%

  • NGG

    0.3600

    90.32

    +0.4%

  • RIO

    -1.3200

    97.13

    -1.36%

  • BCE

    -0.2300

    23.89

    -0.96%

  • VOD

    0.0800

    15.85

    +0.5%

  • RELX

    -0.5900

    33.34

    -1.77%

  • GSK

    0.9900

    58.36

    +1.7%

  • AZN

    0.7200

    204.99

    +0.35%

  • BTI

    -1.1000

    58.85

    -1.87%

  • BP

    0.0100

    45.9

    +0.02%

Vietnam's To Lam 'unanimously' re-elected party chief
Vietnam's To Lam 'unanimously' re-elected party chief / Photo: Nhac NGUYEN - AFP

Vietnam's To Lam 'unanimously' re-elected party chief

Vietnam's ruling Communist Party "unanimously" re-elected To Lam as general secretary on Friday, confirming the former security enforcer as the country's top leader for the next five years and backing his vision for growth-oriented change.

Text size:

In 17 months as party chief, the 68-year-old has swept aside rivals and centralised authority in an aggressive reform drive officials describe as a "revolution".

The Southeast Asian nation of 100 million people is both a repressive one-party state and a regional economic bright spot, where the Communist Party has sought to deliver rapid growth to bolster its legitimacy.

The party central committee "absolutely unanimously elected Comrade To Lam to continue holding the position of General Secretary", the party said in a statement.

Tran Thanh Man, chairman of the National Assembly, said the party chief had received 180 out of 180 votes to remain in the top job.

Two main factions of the party are seen as vying for dominance over Vietnamese politics, the security wing aligned with Lam and a more conservative military wing.

Lam's faction dominated the new 19-member politburo, the party's highest decision-making body, with Lam's nearest rival -- defence chief Phan Van Giang -- relegated to seventh position.

None of the top four members -- who by convention correspond to the four "pillars" of Vietnam's collective system of government -- are aligned with the military faction.

It was not immediately clear whether Lam had succeeded in his goal of securing the national presidency -- seen as the second most powerful position in Vietnamese politics -- as well as the party headship.

- 'Stunning success' -

Elevated to party chief after general secretary Nguyen Phu Trong's death in 2024, Lam has shocked the country with the pace of his changes.

He has eliminated whole layers of government, abolishing eight ministries or agencies and cutting nearly 150,000 jobs from the state payroll, while pushing ambitious rail and power projects.

Having cemented his position atop the party, he is expected to focus on spurring private sector, digital and technological growth as the manufacturing hub seeks to break into the club of upper middle-income countries by the end of the decade.

Earlier this week Lam laid out his plans for a "new development path" that speeds up decision-making and unleashes the private sector to achieve 10 percent annual growth over the next five years.

That will require accelerating sometimes "slow and convoluted" approval processes for projects, said Daniel Kritenbrink, a former US ambassador in Vietnam.

It will also require upgrading transportation and energy infrastructure that have been strained by the country's "stunning success", he said.

Vietnam has proved surprisingly resilient in the face of new 20 percent tariffs imposed by US leader Donald Trump, clocking eight percent growth last year, among the fastest in Asia.

But the balancing act between its main export market, the US, and China -- its largest supplier -- has grown tougher as Trump's administration has taken aim at illegal transshipment.

Lam also promised this week to continue fighting corruption, suggesting the sweeping anti-graft campaign analysts say he used to sideline rivals may not be finished.

The ruling party tolerates little dissent and regularly jails critics, more than 160 of whom are behind bars, according to Human Rights Watch.

But unlike in present-day China or the Kim dynasty's North Korea, political power in Vietnam has not been concentrated in one paramount leader.

A.Wyss--NZN