Vietnam’s president resigns, raising questions over stability

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Vietnam’s president resigns, raising questions over stability
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The government says Thuong committed party rule violations, which 'negatively impacted public opinion, affecting the reputation of the party, state, and him personally'

This is AI generated summarization, which may have errors. For context, always refer to the full article.

The government said in a statement that Thuong had violated party rules, adding that those “shortcomings had negatively impacted public opinion, affecting the reputation of the party, state, and him personally.”, approved Thuong’s resignation just about a year after his election. Foreign investors and diplomats have repeatedly blamed the campaign for slowing down decisions in a country which is already grappling with cumbersome bureaucracy.

The current political crisis may well be resolved with the swift election of a new president, but risks remain that repeated reshuffles of top leaders hurt business sentiment in a country that is highly dependent on foreign investment.

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