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Vietnam Party Chief Amasses Power as Economic Sway Rises

  • Communist Party embraced positions of retiring prime minister
  • Nation's presumptive leaders may pursue changes at slower pace
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What Vietnam's New Leadership Means for Investors

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Vietnam’s new leadership is starting to take shape after days of behind-the-scenes sparring at a Communist Party congress, with the biggest beneficiary the party’s chief, potentially signaling a more cautious approach to economic reform.

General Secretary Nguyen Phu Trong outmaneuvered reformist Prime Minister Nguyen Tan Dung and was picked for five years in the powerful post. While Trong is expected to prioritize growth, when Dung retires this year at the end of his maximum two terms he may take his zeal for reform with him.