• News
  • Entertainment
    • Movies
    • Hollywood
    • Bollywood
    • Technology
    • Music
    • Deals
    • Games
    • Fashion
  • Finance
  • Crypto
  • Casino

Vietnam President Nguyen Xuan Phuc Quits Amid Communist Party Corruption Crackdown

3.4KShares
49.9KViews

In a major step forward for Vietnam's ongoing fight against graft, the Vietnamese government announced on Tuesday that Vietnam president Nguyen Xuan Phuc quits after the ruling Communist Party accused him of "violations and wrongdoing" by officials under his control.

The Communist Party blamed Phuc for "violations and wrongdoing" by officials under his control.

Phuc, a former prime minister who is widely credited with accelerating pro-business reforms, has held the largely ceremonial post of president since 2021 and is the highest-ranking official targeted by the party's sweeping corruption crackdown.

This is because Phuc is widely credited with accelerating pro-business reforms.

Officially, Vietnam is headed by four "pillars," which are the party's secretary, the president, the prime minister, and the speaker of the house. Vietnam does not have a single ruler who holds absolute power.

COPYRIGHT_BP: Published on https://bingepost.com/vietnam-president-nguyen-xuan-phuc-quits/ by Hilda Workman on 2023-01-19T02:44:25.521Z

Vietnam President Nguyen Xuan Phuc resigns amid widening anti-corruption crackdown

According to the government, Phuc, who is 68 years old, was ultimately responsible for the violations perpetrated by a large number of officials, including two deputy prime ministers and three ministries.

It was stated in the statement that the individual had submitted an application to resign from his assigned roles, quit his work, and retire after "fully being aware of his responsibilities before the party and people, he submitted an application to resign from his assigned positions, quit his job and retire."

It was not possible to get in touch with Phuc's office for a statement very away, and it was not obvious whether a replacement had been selected.

Vietnam has been rife with rumors that he will be removed following the dismissal in January of two deputy prime ministers who served under him.

This comes as the party doubles down on a "blazing furnace" anti-corruption drive led by its powerful long-serving chief, Nguyen Phu Trong. Trong has been in charge of the party for a very long time.

Nyuyen Xuan Phuc in front of different nation flags
Nyuyen Xuan Phuc in front of different nation flags

According to the party, 539 party members were prosecuted or "disciplined" for corruption and "deliberate wrongdoings" last year. Among those members were ministers, prominent officials, and ambassadors.

Meanwhile, police probed 453 corruption charges, which is a 50% increase from 2021.

At the beginning of this month, Trong declared that the party had adopted a strategy that was "more determined" as well as "more effective and methodical," and he vowed to deliver results.

Impact Unclear

There is a significant amount of diversity in opinion regarding the ways in which the anti-corruption campaign will impact investment and policy.

The purge has the potential to make way for leaders who are both more honest and more capable, according to Le Hong Hiep, who directs the Vietnam Studies Programme at the ISEAS-Yusof Ishak Institute in Singapore.

According to a post that was made by Hiep on his Facebook account:

As long as the leadership reshuffles do not lead to radical policy changes, their impact on the economy will also be limited.

- Le Hong Hiep

However, Ha Hoang Hop, a senior visiting fellow at the same institute, stated that the death of Phuc and the unknown impact of the crackdown could cause investors to feel uneasy.

According to what he said:

This could lead Vietnam to a time of instability that would worry foreign friends and investors.

- Ha Hoang Hop

Phuc's resignation needs to be approved by the legislature, and on Monday, sources reported that the house would hold a rare extraordinary meeting this week. The meeting is scheduled to take place. This heightened the suspicion that Phuc's fate had already been decided before it even began.

Phuc, who was well-known throughout Vietnam for his friendly demeanor and his passion for the Vietnamese national soccer team, was once thought to be a potential candidate for the position of party General Secretary, which is regarded as the most prestigious job in the state. However, Phuc passed away in 2013. He was 58 years old.

As Prime Minister from 2016 until 2021, he oversaw an average annual economic growth of 6% for Asia's burgeoning manufacturing powerhouse and helped further a liberalization drive that included trade deals with the European Union and Pacific powers.

He also helped further a liberalization drive that included trade deals with Japan. The Gross Domestic Product of the nation saw an increase of a total of 230 percent during this time period.

On Tuesday, the administration praised his achievements, particularly his response to the pandemic, despite the fact that he was removed from office earlier that day.

According to what was said, "He has made great efforts in leading, directing, and administering the Covid-19 epidemic prevention and control, achieving important results."

Share: Twitter | Facebook | Linkedin

About The Authors

Hilda Workman

Hilda Workman - Hilda Workman is a licensed financial advisor with years of expertise in the industry. She has assisted a range of clients, from sole proprietors to large corporations, in reaching their financial objectives. She is informed about many different financial subjects, including tax preparation, investment planning and also in fashion. She believes that the best things are those that are imperfect.

Recent Articles

  • Roll The Dice With The Different Types Of Slot Machines At Casinos

    Casino

    Roll The Dice With The Different Types Of Slot Machines At Casinos

    Many types of slot machines at casinos are a popular form of gambling that offer players the chance to win big with just the spin of the reels. With so many options available, it can be difficult to know which type of machine is right for you.

  • The Best Casinos For Blackjack Lovers - Ace Your Game

    Casino

    The Best Casinos For Blackjack Lovers - Ace Your Game

    The search for the best casinos for blackjack can be overwhelming, with so many options available both online and in person. Whether you're looking for a high-stakes game or a more relaxed experience, blackjack offers something for everyone.

  • The Best Soccer Movies Ever Made

    Movies

    The Best Soccer Movies Ever Made

    Football is one of the most popular spectator sports in the world, and billions of people watch it every week. So it shouldn't be a surprise that filmmakers have been trying for years to capture the essence of the game in soccer movies.

  • Cheap Ways To Block Neighbors View - Should You Do This Or Not?

    Finance

    Cheap Ways To Block Neighbors View - Should You Do This Or Not?

    Blocking your neighbor's view can be done in a variety of affordable ways. Whether you choose to plant trees and shrubs, install trellises, build a fence, use outdoor curtains, or install privacy screens, there are plenty of cheap ways to block neighbors view to choose from that will fit your budget and meet your privacy needs.

  • How Much Does Disneyland Make A Day? Analysis Of Its Profit And Loss

    Finance

    How Much Does Disneyland Make A Day? Analysis Of Its Profit And Loss

    One of the largest media companies in the world, The Walt Disney Company, derives over 30% of its revenue from its Disney Parks and Experiences segment. So, how much does Disneyland make a day?

  • John Kokken - Indian Actor Who Predominantly Works In The South Indian Film Industry

    Bollywood

    John Kokken - Indian Actor Who Predominantly Works In The South Indian Film Industry

    John Kokken is a well-known face in the media who has worked as an actor, model, dancer, social media star, and television presenter. After appearing in the well-known movie "KGF" in a bad role, he became more well-known.

  • Bollywood Celebrities Born In January And Their Net Worth In 2023

    Bollywood

    Bollywood Celebrities Born In January And Their Net Worth In 2023

    The Hindi film industry, known as Bollywood, has given birth to a variety of legends and celebrities who have won over the affections of millions of fans all over the globe. Some of these Bollywood celebrities born in January, which is not surprising considering that the film business produces hundreds of films each year.

  • Don't Fall For The Look Who Died Facebook Message - Protect Yourself

    Technology

    Don't Fall For The Look Who Died Facebook Message - Protect Yourself

    Look who died Facebook message is a type of social engineering scam, which is designed to trick people into clicking on a link and giving up their personal information or downloading malware onto their devices.

  • Allergic Rhinitis - Understanding The Condition And Its Management

    News

    Allergic Rhinitis - Understanding The Condition And Its Management

    Allergic Rhinitis, also known as hay fever, is a condition that affects millions of people worldwide. It is caused by an allergic reaction to environmental triggers such as pollen, dust mites, pet dander, mold, and others.

  • Former Pakistan President Pervez Musharraf Has Died At The Age Of 79 In Dubai

  • Can Lottery Winnings Be Direct Deposited? Most Important Queries Answered

  • Akansha Sareen - Actress And Model Associated With Punjabi Film And Music

  • Louise Kellyman - Mother Of Famous And Talented Actress Erin Kellyman

  • The US Secures Bases Deal With The Philippines To Complete Its Western Alliance