Berliner Boersenzeitung - Vietnam nominates public security minister to be new president

EUR -
AED 4.108631
AFN 72.718912
ALL 91.057672
AMD 404.138689
ANG 2.002333
AOA 1027.018171
ARS 1729.020675
AUD 1.621656
AWG 2.01376
AZN 1.909959
BAM 1.9623
BBD 2.256686
BDT 139.622493
BGN 1.955396
BHD 0.423298
BIF 3352.386487
BMD 1.118756
BND 1.435763
BOB 13.446541
BRL 6.151029
BSD 1.120471
BTN 105.220538
BWP 15.434677
BYN 3.355395
BYR 21927.614131
BZD 2.253477
CAD 1.576965
CDF 2595.514018
CHF 0.915886
CLF 0.027676
CLP 1089.229942
CNY 7.469377
CNH 7.462745
COP 3634.311854
CRC 508.137914
CUC 1.118756
CUP 26.891216
CVE 110.631461
CZK 24.354245
DJF 199.524609
DKK 7.475521
DOP 68.082658
DZD 152.34438
EGP 60.323863
ERN 16.781337
ETB 183.895683
FJD 2.534654
FKP 0.837714
GBP 0.834105
GEL 2.903189
GGP 0.837714
GHS 13.098388
GIP 0.837714
GMD 83.349337
GNF 9924.082884
GTQ 8.566376
GYD 235.008454
HKD 8.772763
HNL 30.114216
HRK 7.572869
HTG 146.824481
HUF 362.904219
IDR 20227.10528
ILS 3.543715
IMP 0.837714
INR 104.958595
IQD 1699.429275
IRR 2115962.181879
ISK 136.801282
JEP 0.837714
JMD 177.827184
JOD 0.793248
JPY 176.701327
KES 145.360104
KGS 97.835187
KHR 4564.917673
KMF 494.489717
KPW 1006.880197
KRW 1505.8227
KWD 0.347799
KYD 0.933863
KZT 502.232426
LAK 25207.443957
LBP 100335.927717
LKR 372.606055
LRD 190.571258
LSL 18.529735
LTL 3.303395
LVL 0.676724
LYD 7.17029
MAD 10.957897
MDL 20.027674
MGA 5091.407518
MKD 61.518753
MMK 2348.779066
MNT 4028.825441
MOP 9.049175
MRU 45.236008
MUR 52.670582
MVR 17.220986
MWK 1942.897957
MXN 20.773283
MYR 4.540802
MZN 71.483847
NAD 18.53015
NGN 1509.816716
NIO 41.23669
NOK 10.521328
NPR 168.271169
NZD 1.99359
OMR 0.430195
PAB 1.121114
PEN 3.861692
PGK 5.106565
PHP 70.755733
PKR 309.88721
PLN 4.384796
PYG 7003.819206
QAR 4.097774
RON 5.34374
RSD 117.634953
RUB 92.081868
RWF 1653.81688
SAR 4.207099
SBD 9.004399
SCR 15.485136
SDG 672.932625
SEK 10.994707
SGD 1.431901
SHP 0.837862
SLE 25.675065
SLL 23459.75515
SOS 640.326286
SRD 42.04676
STD 23155.986777
STN 24.570077
SVC 9.80849
SYP 14546.062858
SZL 18.523417
THB 37.472739
TJS 10.341155
TMT 3.915645
TND 3.354411
TOP 2.693695
TRY 56.138502
TTD 7.598536
TWD 36.737143
TZS 2959.106924
UAH 50.759638
UGX 4585.188208
USD 1.118756
UYU 45.099389
UZS 13376.308356
VES 1002.759193
VND 28545.614202
VUV 133.425135
WST 3.118894
XAF 655.957
XAG 0.02122
XAU 0.000272275241
XCD 3.023494
XCG 2.020292
XDR 0.791018
XOF 655.957
XPF 119.331742
YER 264.725556
ZAR 18.395545
ZMK 10070.139615
ZMW 22.767427
ZWL 360.238919
SSP 6427.512117
MXV 2.335285
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Vietnam nominates public security minister to be new president
Vietnam nominates public security minister to be new president / Photo: STR - AFP/File

Vietnam nominates public security minister to be new president

Vietnam's Communist Party has nominated public security minister To Lam to be the country's new president, state media said Saturday, after his predecessor resigned as part of a sweeping anti-graft purge.

Text size:

Thousands of people -- including top officials and senior business leaders -- have been caught up in the Southeast Asian country's "blazing furnace" crackdown on graft, led by Communist Party General Secretary Nguyen Phu Trong.

The party's central committee agreed to "the nomination of Comrade To Lam, Politburo member, Minister of Public Security to be elected as President", the Vietnam News Agency reported.

Lam, 66, has been public security minister since 2016 and has taken a hard line on human rights movements in the communist country.

His nomination follows Vo Van Thuong's resignation in March after just one year as president, becoming the latest high-profile leader to fall in the anti-corruption drive.

Tran Thanh Man, 61, was also nominated as the new head of Vietnam's National Assembly, state media said, becoming one of the country's four most powerful leaders.

Man, currently the rubber-stamp National Assembly's deputy chairman, succeeds Vuong Dinh Hue, who asked to step down last month because of "violations and shortcomings".

The nominations have been accepted by the party's central committee but will be officially voted in by the National Assembly, which is due to meet next week.

All top leadership "must be truly united, truly exemplary, wholehearted and devoted to the common cause", VNA reported the central committee as saying.

- Crackdown -

On Thursday, Truong Thi Mai also resigned. She was the permanent member of the secretariat in the central party committee -- the most important position in Vietnamese politics outside its four-pillar leadership structure.

With the resignation of Mai, the once 18-strong politburo fell to 12 after also losing two presidents, the National Assembly chairman, a deputy prime minister and the head of the party's economic commission in the past 18 months.

However, the party said Thursday four new members had been appointed, including Bui Thi Minh Hoai, replacing Mai as the only woman in the politburo.

The political upheaval is highly unusual in Vietnam, where for years all changes were carefully orchestrated with an emphasis on cautious stability.

The anti-corruption drive has proved popular with the public.

But analysts warn the turmoil may threaten the country's reputation for stability, which has helped it build a highly successful export-driven manufacturing economy, making products for major global brands.

As well as political leaders, major business figures have also fallen foul of the purge, with property tycoon Truong My Lan sentenced to death last month in a multi-billion-dollar fraud case.

All of this comes as Vietnam seeks increased foreign investment -- particularly from the United States -- to develop its economy from low-value manufacturing jobs to high-tech industries.

- Golden steak -

Lam has spent his whole career within the secretive ministry of public security, which deals with the monitoring of dissent and surveillance of activists in the authoritarian state.

Rights groups say the government has in recent years stepped up a crackdown on civil society groups.

Lam is also deputy head of the steering committee on anti-corruption.

According to Zachary Abuza, a professor at the National War College in Washington, Lam has weaponised anti-corruption investigations to and "systematically taken down rivals in the politburo who were eligible to become general secretary" of the Communist Party, the most powerful position in Vietnam's political system.

Other than Prime Minister Pham Minh Chinh, "that leaves To Lam as the last man standing".

His nomination comes nearly three years after he was filmed enjoying a bite of steak smothered in gold leaf at a London restaurant, shortly after laying a wreath at the grave of Karl Marx.

The incident in 2021 sparked online anger in Vietnam, where the average person earns a few dollars a day.

The restaurant, Nusr-Et Steakhouse, named after Turkish chef Nusret Gokce -- known to his nearly 40 million Instagram followers as Salt Bae -- serves up steaks wrapped in edible 24-carat gold leaf, reportedly costing more than $1,000.

Lam is also the head of the steering committee on the Central Highlands, a highly sensitive region that has long been a hotbed of discontent over issues including land rights and is home to several ethnic minority groups.

(H.Schneide--BBZ)