Vietnam Approves Communist Party Official as Central Bank Head
- New prime minister asked for removal of former governor Binh
- Government faces challenges, under pressure to enact reforms
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Vietnam lawmakers approved Le Minh Hung as the governor of the State Bank of Vietnam, a day after he was nominated by Prime Minister Nguyen Xuan Phuc.
Hung, a former deputy governor of the State Bank and No. 2 in the Communist Party administration office, was approved by the National Assembly on Saturday as the new central bank governor, according to a statement on the government’s website. The position is usually for five years.