(Hanoi, 24th) According to insiders, the Communist Party of Vietnam (CPV) will nominate current General Secretary Su Lin to continue serving as the top leader at the 14th National Congress. This will pave the way for Su Lin to continue advancing his reform agenda.
Insiders told Bloomberg that the 68-year-old Su Lin will also be nominated to concurrently serve as State President. However, the nomination may face challenges at the Party Congress and must still receive approval from the National Assembly.
The 14th National Congress of the CPV will be held from January 19 to 25 of next year. At that time, Vietnam will officially elect its leadership team for the next five years and set key policy goals.
According to the Vietnam News Agency, the two-day 15th Plenary Session of the 13th Central Committee of the CPV concluded on Tuesday (December 23), passing proposed candidates for the new leadership team with highly concentrated votes.
In his closing speech published on the government website, Su Lin said that the nominated candidates were “approved by an overwhelming majority,” but did not disclose specific names.
Su Lin said: “We sincerely thank the Central Committee, the Politburo, and the Secretariat for their trust in us.” He added that officials have agreed to continue public administrative reforms and accelerate infrastructure construction.
If Su Lin is successfully elected State President, it will be the first time in modern Vietnamese history — aside from acting positions — that one individual has concurrently served as both State President and General Secretary. For Su Lin, this represents a significant political victory and will help him continue to advance sweeping reforms.
Since assuming the role of General Secretary in August 2024, Su Lin has led the most far-reaching administrative structural reforms in Vietnam since the start of renovation and opening up.
The reforms have greatly reduced the size of the bureaucracy, with about 100,000 civil servants laid off or taking early retirement. The 63 provinces and cities have been consolidated into 34, government ministries have been reduced from 18 to 14, with only three ministerial-level agencies and five government-affiliated agencies retained.
Su Lin said this is a “remedy” to reduce red tape and cut unnecessary spending. Although investors have welcomed the reforms, critics believe that the reform pace in Vietnam is too quick and aggressive.
After the news broke, it drove the Vietnamese stock market close to a new high on Tuesday morning, as investors welcomed political stability.
The 14th National Congress of the CPV will be held from January 19 to 25 of next year. At that time, Vietnam will officially elect its leadership team for the next five years and set key policy goals.
According to the Vietnam News Agency, the two-day 15th Plenary Session of the 13th Central Committee of the CPV concluded on Tuesday (December 23), passing proposed candidates for the new leadership team with highly concentrated votes.
In his closing speech published on the government website, Su Lin said that the nominated candidates were “approved by an overwhelming majority,” but did not disclose specific names.
Su Lin said: “We sincerely thank the Central Committee, the Politburo, and the Secretariat for their trust in us.” He added that officials have agreed to continue public administrative reforms and accelerate infrastructure construction.
If Su Lin is successfully elected State President, it will be the first time in modern Vietnamese history — aside from acting positions — that one individual has concurrently served as both State President and General Secretary. For Su Lin, this represents a significant political victory and will help him continue to advance sweeping reforms.
Since assuming the role of General Secretary in August 2024, Su Lin has led the most far-reaching administrative structural reforms in Vietnam since the start of renovation and opening up.
The reforms have greatly reduced the size of the bureaucracy, with about 100,000 civil servants laid off or taking early retirement. The 63 provinces and cities have been consolidated into 34, government ministries have been reduced from 18 to 14, with only three ministerial-level agencies and five government-affiliated agencies retained.
Su Lin said this is a “remedy” to reduce red tape and cut unnecessary spending. Although investors have welcomed the reforms, critics believe that the reform pace in Vietnam is too quick and aggressive.
After the news broke, it drove the Vietnamese stock market close to a new high on Tuesday morning, as investors welcomed political stability.