Vietnam’s Communist Party Admits Mistakes as Dung Keeps Job

Vietnam’s Communist Party apologized to the nation and decided against punishing one unnamed senior leader, leaving Prime Minister Nguyen Tan Dung in charge after rare online attacks. Stocks rose the most in a month.

“The Politburo and Secretariat for many terms now have made some big mistakes, especially having not prevented and remedied corruption and the deterioration among some party members,” General Secretary Nguyen Phu Trong said yesterday on state radio and television. “Some senior officials, those currently in office as well as former ones, have occasionally not been morally good role models through their lifestyles and those of their families. They have significantly impacted the prestige of the party and the state.”