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Over 20 organizations call on the U.S. not to grant market economy status to the Socialist Republic of Vietnam
Hanoi is waging an intense lobbying campaign to ask the US government to grant “market economy” status to the Socialist Republic of Vietnam. In response, more than 20 Vietnamese and international organizations wrote to US President Joe Biden, Commerce Secretary Gina Raimondo and Secretary of State Antony Blinken to urge the US administration to refuse to grant this market economy status for Vietnam at this time.
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Vietnam Parliament chief resigns amid anti-corruption probe
The head of Vietnam’s Parliament, Vuong Dinh Hue — who was believed to be a leading contender for Vietnam’s top office — has resigned amid a corruption investigation into a real estate firm. Some activists say a power struggle within the Communist Party is the underlying cause of Hue’s downfall.
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Analysts: Resignation of Vietnam’s President Shows Party Infighting
Analysts say this month’s resignation of Vietnamese President Vo Van Thuong, one year into his five-year term, indicates infighting within the Communist Party and shakes the country’s reputation for political stability, a key driver of foreign investment.
