Vietnam's Political Turmoil Threatens Economic Stability

President Vo Van Thuong's resignation amid probes into leadership raises investor concerns.

Vietnam faces political instability as President Vo Van Thuong resigns, marking the second presidential resignation in just over a year.
The resignation comes amid widening probes into the country's top leadership, raising concerns among foreign investors.
Vietnam's economic success, fueled by foreign direct investment surging 32% in 2023, is threatened by the current political uncertainties.
The U.S. has recently upgraded ties with Vietnam, viewing it as a strategic partner in the Indo-Pacific region to counter China's influence.
The government's anti-corruption crackdown, while aimed at reducing graft, has caused disruptions and decreased confidence among private businesses and foreign investors.