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Jan 10, 2025 | 
qoshe.com | Le Hong Hiep
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Jan 10, 2025 | 
scmp.com | Le Hong Hiep
Decades after the liberalisation of Vietnam’s banking sector, private banks remain tightly controlled by a handful of owners, many of whom use their banks to funnel cheap loans into their other businesses.
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Jan 6, 2025 | 
channelnewsasia.com | Le Hong Hiep
SINGAPORE: On Dec 3, 2024, an appeal court in Ho Chi Minh City upheld the first instance court’s death sentence for Truong My Lan, the majority owner of Saigon Commercial Bank and former chairwoman of property developer Van Thinh Phat Group. Among the three main charges against her, it is her embezzlement of Saigon Commercial Bank’s assets that led to her death penalty. In fact, Lan is the first private businessperson in Vietnam to be sentenced to death on embezzlement charges.
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Nov 12, 2024 | 
fulcrum.sg | Le Hong Hiep
Since the US–China trade war started in 2017, Vietnam has become an increasingly popular choice for multinational corporations (MNCs) seeking to diversify their supply chains away from China to mitigate geopolitical risks. According to the General Statistics Office (GSO) of Vietnam, foreign investors pledged to invest a total of US$248.3 billion in 19,701 projects in the country (see Figure 1) for the 2017-2023 period.
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Aug 18, 2024 | 
fulcrum.sg | Le Hong Hiep
On 3 August 2024, the Central Committee of the Communist Party of Vietnam (CPV) unanimously elected President To Lam as the Party’s new general secretary, marking a significant turning point in Vietnamese politics. This momentous leadership change has sparked widespread speculation about the future of the country’s political landscape.
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Aug 18, 2024 | 
fulcrum.sg | Nguyen Khac Giang |Le Hong Hiep
William Choong, Fulcrum’s Managing Editor and ISEAS Senior Fellow, discusses the recent leadership changes in Vietnam with Dr Nguyen Khac Giang, a visiting fellow at ISEAS’ Vietnam Studies Programme (VSP), and Dr Le Hong Hiep, the coordinator of the VSP. Dialogues at Fulcrum is a podcast published by the ISEAS – Yusof Ishak Institute.
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Jul 18, 2024 | 
fulcrum.sg | Le Hong Hiep |Nguyen Khac Giang
On 18 July 2024, the Politburo of the Communist Party of Vietnam (CPV) announced that General Secretary Nguyen Phu Trong would take a break from his duties to focus on receiving active medical treatment. President To Lam will step in to temporarily assume his responsibilities. On the same day, Trong was awarded the Gold Star Order – Vietnam’s highest honour – in recognition of his contributions to the Party and the nation.
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May 21, 2024 | 
fulcrum.sg | Le Hong Hiep
On 20 May, the National Assembly of Vietnam elected its Standing Vice Chair Tran Thanh Man as its new chair, replacing Vuong Dinh Hue, who resigned earlier this month. It is expected that today, the Assembly will start the procedure to elect Minister of Public Security To Lam as the new state president, filling the position left vacant since the departure of former President Vo Van Thuong in March.
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Apr 29, 2024 | 
fulcrum.sg | Le Hong Hiep
On 26 April, the Central Committee of the Communist Party of Vietnam (CPV) announced the approval of Vuong Dinh Hue’s “resignation” from his position as Chair of the National Assembly, the fourth highest-ranking position in Vietnam’s political hierarchy. Hue’s dismissal, which occurred just over a month after President Vo Van Thuong’s resignation, highlights the leadership crisis in Vietnam and holds significant implications for the country’s political future.
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Mar 21, 2024 | 
channelnewsasia.com | Le Hong Hiep
SINGAPORE: The Central Committee of the Communist Party of Vietnam made an announcement on Wednesday (Mar 20) that it had accepted President Vo Van Thuong’s resignation from all official and party positions. On Thursday, Vietnam’s National Assembly convened an extraordinary session to officially vote on his resignation, just one year into his presidency.
