Berliner Boersenzeitung - Vietnam leader seeks more power at party congress

EUR -
AED 4.246655
AFN 73.370436
ALL 95.85756
AMD 436.183723
ANG 2.069944
AOA 1060.363353
ARS 1591.997113
AUD 1.665235
AWG 2.084013
AZN 1.966403
BAM 1.949821
BBD 2.330235
BDT 141.986474
BGN 1.976541
BHD 0.436604
BIF 3434.327888
BMD 1.156339
BND 1.479029
BOB 7.994866
BRL 6.05679
BSD 1.156943
BTN 108.829124
BWP 15.767403
BYN 3.429104
BYR 22664.251381
BZD 2.327115
CAD 1.597489
CDF 2636.453561
CHF 0.915202
CLF 0.02686
CLP 1060.582781
CNY 7.980477
CNH 7.983586
COP 4280.13231
CRC 537.971372
CUC 1.156339
CUP 30.642993
CVE 110.574938
CZK 24.465772
DJF 205.504507
DKK 7.47252
DOP 69.814005
DZD 153.473986
EGP 60.744358
ERN 17.34509
ETB 181.886277
FJD 2.576551
FKP 0.864047
GBP 0.865283
GEL 3.116362
GGP 0.864047
GHS 12.661969
GIP 0.864047
GMD 84.988596
GNF 10152.659388
GTQ 8.855078
GYD 242.07657
HKD 9.041244
HNL 30.66647
HRK 7.536674
HTG 151.720034
HUF 387.345955
IDR 19705.641505
ILS 3.602979
IMP 0.864047
INR 109.375885
IQD 1514.804557
IRR 1518447.025122
ISK 143.189913
JEP 0.864047
JMD 182.245914
JOD 0.819814
JPY 184.257476
KES 150.034967
KGS 101.120955
KHR 4640.390011
KMF 493.756627
KPW 1040.72201
KRW 1739.191954
KWD 0.354522
KYD 0.964189
KZT 558.249982
LAK 24959.585362
LBP 103550.188888
LKR 363.877402
LRD 212.361533
LSL 19.588134
LTL 3.414369
LVL 0.699458
LYD 7.371702
MAD 10.785752
MDL 20.230929
MGA 4821.934928
MKD 61.639763
MMK 2428.506437
MNT 4127.516433
MOP 9.317536
MRU 46.404003
MUR 53.7238
MVR 17.865244
MWK 2008.561579
MXN 20.556765
MYR 4.584305
MZN 73.885704
NAD 19.577233
NGN 1602.061835
NIO 42.460666
NOK 11.201245
NPR 174.129602
NZD 1.99154
OMR 0.444574
PAB 1.157007
PEN 4.001516
PGK 4.983245
PHP 69.387276
PKR 322.676366
PLN 4.275582
PYG 7527.982307
QAR 4.213741
RON 5.094947
RSD 117.421631
RUB 93.661073
RWF 1688.25546
SAR 4.338214
SBD 9.299324
SCR 15.841485
SDG 694.960276
SEK 10.814438
SGD 1.481311
SHP 0.867554
SLE 28.387799
SLL 24247.870647
SOS 660.270118
SRD 43.178292
STD 23933.890033
STN 24.745662
SVC 10.124088
SYP 128.293837
SZL 19.516839
THB 37.892986
TJS 11.078991
TMT 4.047188
TND 3.396748
TOP 2.784187
TRY 51.294885
TTD 7.867183
TWD 36.946082
TZS 2971.860396
UAH 50.797502
UGX 4280.984429
USD 1.156339
UYU 46.837397
UZS 14107.339876
VES 534.333269
VND 30469.542036
VUV 138.191887
WST 3.16629
XAF 653.980002
XAG 0.016298
XAU 0.000256
XCD 3.125065
XCG 2.085287
XDR 0.812319
XOF 651.594744
XPF 119.331742
YER 275.960467
ZAR 19.642349
ZMK 10408.441873
ZMW 21.665598
ZWL 372.340801
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.0400

    22.91

    +0.17%

  • VOD

    0.0600

    14.72

    +0.41%

  • BCE

    -0.3400

    25.49

    -1.33%

  • RELX

    0.0100

    32.47

    +0.03%

  • RIO

    0.7700

    87.54

    +0.88%

  • NGG

    1.9600

    84.29

    +2.33%

  • GSK

    1.7500

    54.7

    +3.2%

  • AZN

    1.3600

    187.14

    +0.73%

  • BTI

    0.6900

    58.45

    +1.18%

  • BCC

    1.0800

    74.65

    +1.45%

  • CMSD

    0.0500

    22.68

    +0.22%

  • JRI

    0.2400

    12.1

    +1.98%

  • RYCEF

    0.3000

    15.9

    +1.89%

  • BP

    0.6200

    45.41

    +1.37%

Vietnam leader seeks more power at party congress
Vietnam leader seeks more power at party congress / Photo: Nhac NGUYEN - AFP

Vietnam leader seeks more power at party congress

Vietnam's leaders convene next week for a once-every-five-years congress, where General Secretary To Lam is looking to cement control over the Communist Party ruling one of Asia's fastest-growing economies.

Text size:

The nation of 100 million people is both a repressive one-party state and a regional economic bright spot, with the party seeking to deliver rapid expansion to underpin its claim to legitimacy.

But its leaders face challenges from tensions between its main trading partners the United States and China, along with mounting environmental and social pressures domestically.

Since he ascended to the top role just 17 months ago, Lam has enthusiastically pursued an anti-corruption drive, thinned and streamlined bureaucracy, and accelerated infrastructure investment in reforms officials describe as a "revolution".

Lam will remain the party's top leader, according to sources briefed on key internal deliberations.

But he is seeking the presidency as well -- a dual role similar to Xi Jinping in neighbouring China -- and experts say clinching it will signal the supremacy of his security-dominated faction.

"If he manages to claim both positions, Vietnam's leadership model will shift from consensus decision-making or collective leadership towards more authoritarian rule," said Le Hong Hiep, a senior fellow at the ISEAS-Yusof Ishak Institute in Singapore.

Lam's reach will depend on who else secures top posts and politburo positions during the January 19-25 conclave, particularly from the more conservative military faction that opposes Lam and his changes.

One source briefed on last month's party deliberations told AFP Lam's bid for expanded powers was provisionally approved.

But some reports suggest he had to shelve his presidential ambitions to secure support for his reform agenda.

- Ministries abolished -

Lam rose rapidly to the pinnacle of Vietnamese power after a long career with the secretive public security ministry.

He was named president -- considered the second-most important job in Vietnamese politics -- in May 2024, after his predecessor was sacked for corruption.

Less than two months later the incumbent general secretary Nguyen Phu Trong died and Lam succeeded him in turn -- later relinquishing the post of president.

In his short tenure as party chief, 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.

Experts say he will 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.

That would mean raising GDP per capita by 70 percent from today's $5,000.

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

But the balancing act between the United States and China has grown tougher, while the expectations of millions of young people are rising.

Housing affordability has become a major issue, as has pollution that blankets major cities in toxic smog.

"Buying a house has never really been part of my plan because I never thought it was something I could afford," said Kim, 23, a researcher in Ho Chi Minh City who still lives with her parents.

She hoped the leadership "will pay more attention to inequality", asking to be identified only by her first name for fear of retribution.

- 'More like China' -

The ruling party tolerates little dissent and regularly jails its 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 traditionally been concentrated in one paramount leader.

Its collective system of government rests on four pillars: the party chief, president, prime minister and the chairman of the National Assembly. An internal Communist party position was added as a fifth pillar last year.

Lam would be the first person to be named to both the top two jobs simultaneously by a party congress, rather than stepping in following a holder's death.

If he is, said Derek Grossman of the University of Southern California, "Vietnam will become more like China and North Korea rather than maintaining a separation of powers".

(P.Werner--BBZ)